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Virat Industries Ltd. Stock Analysis

Small Cap
Evaluated by 230 users | BSE: 530521 | NSE: |
Textile
Virat Industries (VIL), is a public company, quoted on the Indian stock markets. VIL is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets.The company started its operations in 1995 and has successfully completed more than a...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 19.88%10.06%15.06%21.71%23.73%14.82%19.86%17.27%12.45%3.36%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12.515.316.420.721.620.525.825.734.124.1
Y-o-Y Gr. Rt.-22.8%6.7%26.5%4.5%-5.1%25.4%-0.3%32.8%-29.2%
Adjusted EPS (Rs.) 3.171.762.814.56.024.125.875.925.051.33
Y-o-Y Gr. Rt.--44.5%59.7%60.1%33.8%-31.6%42.5%0.9%-14.7%-73.7%
Book Value per Share (Rs.) 15.4616.2917.7220.4725.0326.9630.0837.4941.5241.05
Adjusted Net Profit 1.60.91.42.2322.92.92.50.7
Net Op. Cash Flow (Rs. Cr.) 1.91.11.72.2245.21.71.63.2
Debt to Cash Flow from Ops 0.651.360.620.580.990.160.130.261.290.15
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Virat Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.6%2.2%-2.1%-29.2%
Adjusted EPS -9.2%-26.1%-39%-73.7%
Book Value per Share 11.510.410.9-1.1
Share Price 10.1% -14.7% -36.9% -31.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 21.9811.1116.5123.5626.4715.8320.5817.5212.773.22
Operating Profit Margin (%) 16.6612.9614.7118.0123.7217.6219.9819.9315.0612.22
Net Profit Margin (%) 12.525.678.4510.713.79.8711.2311.357.292.71
Debt to Equity 0.160.180.120.130.160.050.050.020.10.02
Working Capital Days 133134136117166218169186149198
Cash Conversion Cycle 67677264809358676598
Entity Percentage Holding
Promoters 47.50%
Institutions 0.06%
Non-Institutions 52.44%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Virat Industries's performance infers:

Virat Industries earnings have declined by -26.1%, whereas share price has depreciated -14.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Virat Industries share prices over the last 10 years. Here is what we found out:

Virat Industries share price has depreciated -1.1% annually over the past ten years.

Virat Industries (VIL), is a public company, quoted on the Indian stock markets. VIL is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets.

The company started its operations in 1995 and has successfully completed more than a decade in socks business. The socks are manufactured on the latest computerized electronic knitting machines by Lonati,Matec & Sangiacomo Italy supported with balancing equipment from Spain and other

Virat Industries (VIL), is a public company, quoted on the Indian stock markets. VIL is a 100% Export Oriented Unit (EOU) manufacturing excellent quality socks for export, mainly to the European markets.

The company started its operations in 1995 and has successfully completed more than a decade in socks business. The socks are manufactured on the latest computerized electronic knitting machines by Lonati,Matec & Sangiacomo Italy supported with balancing equipment from Spain and other European markets. 

Production capacity is normally based on size, design and style of socks. As per the prevalent pattern of production, the production capacity of VIL is estimated at 3.5 million pairs per annum. 

Virat's factory is situated at the GIDC (Gujarat Industrial Development Corporation) Industrial Estate, Navsari, Gujarat. It is located adjacent to the National Highway No. 8, connecting Mumbai. Navsari, an industrial town, situated equidistant between two of the largest industrial cities in India namely MUMBAI (233 KM) and AHMEDABAD (260 km).

The factory was designed and engineered by Gherzi Textil Organisation, Switzerland and their Associates Gherzi Eastern Mumbai, India. VIL commenced production in November 1995 The project cost was around Rs. 85 million.

Product range of the company includes:

Virat plays the role of a contract manufacturer who supplies socks against specific orders. Socks are manufactured in cotton, cotton/viscose, wool, acrylic, wool/cashmere, wool/silk, cotton/silk.

  • Cotton dress
  • Casual socks, for Men, Ladies and Children - manufactured in Cotton, Cotton/Viscose, Wool, Acrylic, Wool/Cashmere, Wool/Silk,Clientele:

John Lewis, House of Fraser, TK Maxx, Next, Fatface in the UK, Migros in Switzerland and Shoe Mart in the Middle East.  The company is also an approved supplier to the Levis + Dockers brands in India.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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