Naman In-Store (India) Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: NAMAN | Household & Personal Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Naman In-Store India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Naman In-Store (India) stock performance -

mw4me loader
P/E Ratio (SA):
26.24
Market Cap:
243.3 Cr.
52-wk low:
0
52-wk high:
0

Is Naman In-Store (India) Ltd an attractive stock to invest in?

1. Is Naman In-Store (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Naman In-Store (India) Ltd is a below average quality company.

2. Is Naman In-Store (India) Ltd undervalued or overvalued?

The key valuation ratios of Naman In-Store (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Naman In-Store (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Naman In-Store (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Naman In-Store India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Naman In-Store (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.8%8.8%31.1%29.9%-
Value Creation
Index
-0.7-0.41.21.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13.451150145145
Sales YoY Gr.-281.1%193.9%-3.4%-
Adj EPS 0.10.35.78.87.1
YoY Gr.-366.7%1921.4%55.5%-
BVPS (₹) 2.72.68.236.373.3
Adj Net
Profit
00.24.49.39
Cash Flow from Ops. -3.9-4-0.77.3-
Debt/CF from Ops. -2.6-4.7-40.35.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA121.2%-3.4%
Adj EPS NANA427.4%55.5%
BVPSNANA138.9%344.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.412.8104.841.713
Op. Profit
Mgn %
5.55.57.414.1NAN
Net Profit
Mgn %
0.20.42.96.46.4
Debt to
Equity
7.89.34.71-
Working Cap
Days
0123811210
Cash Conv.
Cycle
05133550

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 121.16%

Net Profit is growing at healthy rate in last 3 years 427.36%

Debt to equity has declined versus last 3 years average to 0.97

Return on Equity has declined versus last 3 years average to 13.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Naman In-Store (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 7.1 -
TTM Sales (₹ Cr.) 145 -
BVPS (₹.) 73.3 -
Reserves (₹ Cr.) 83 -
P/BV 2.54 -
PE 26.24 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 243
Equity (₹ Cr.) 13.1
Face Value (₹) 10
Industry PE 66.4

Management X-Ray of Naman In-Store India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Naman In-Store India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales1351150145
Operating Expenses 1348139124
Manufacturing Costs392932
Material Costs6339771
Employee Cost 1257
Other Costs 24813
Operating Profit 131120
Operating Profit Margin (%) 5.5%5.5%7.4%14.1%
Other Income 0000
Interest 0134
Depreciation 0124
Exceptional Items 0000
Profit Before Tax 00612
Tax 0013
Profit After Tax 0049
PAT Margin (%) 0.4%0.4%2.9%6.4%
Adjusted EPS (₹)0.10.35.78.8
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 12638
Share Capital 11111
Reserves 01528
Minority Interest0000
Debt10182835
Long Term Debt57911
Short Term Debt5101925
Trade Payables5102018
Others Liabilities 1246
Total Liabilities 17325897

Fixed Assets

Gross Block7101726
Accumulated Depreciation1258
Net Fixed Assets681318
CWIP 0000
Investments 0000
Inventories5131631
Trade Receivables562316
Cash Equivalents 00226
Others Assets2356
Total Assets 17325897

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -4-4-17
PBT 00612
Adjustment 1358
Changes in Working Capital -5-7-11-11
Tax Paid 00-1-3
Cash Flow From Investing Activity -6-4-7-6
Capex -6-4-7-6
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 108725
Net Proceeds from Shares 01025
Net Proceeds from Borrowing 530-2
Interest Paid 0-1-3-4
Dividend Paid 0000
Others 56106
Net Cash Flow 00026
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.8612.7104.741.62
ROCE (%)3.768.7631.1429.88
Asset Turnover Ratio0.772.073.341.87
PAT to CFO Conversion(x)N/AN/A-0.250.78
Working Capital Days
Receivable Days123393649
Inventory Days127653659
Payable Days340835696

Naman In-Store (India) Ltd Stock News

Naman In-Store (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Naman In-Store India on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Naman In-Store India stood at ₹243.3.
The latest P/E ratio of Naman In-Store India as of 01-Jan-1970 05:30 is 26.24.
The latest P/B ratio of Naman In-Store India as of 01-Jan-1970 05:30 is 2.54.
The 52-week high of Naman In-Store India is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Naman In-Store India is ₹144.7 ( Cr.) .

About Naman In-Store (India) Ltd

Naman In-Store (India) was originally incorporated and registered as a private limited company under Companies Act, 1956 in the name and style of ‘Naman In-Store (India) Private Limited’ vide certificate of incorporation dated July 23, 2010 issued by the Registrar of Companies, Mumbai. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its members at the Annual General Meeting held on September 30, 2023 and consequently the name of the company was changed to ‘Naman In-Store (India) Limited’ and a fresh certificate of incorporation was issued by Registrar of Companies, Mumbai dated October 25, 2023.

The company is one of the prominent display and retail furniture & Fixture Company with a broad spectrum of offerings and in-store solutions to various industries and retail stores. Further, it manufactures modular furniture for offices, beauty store, low-housing kitchens, educational institution as well as supermarket shelving solutions. The company specializes in the design and execution of turnkey projects by bringing together under the same roof all of the resources necessary to meet the needs of any fit-out project. It specialises to provide one-stop solutions across multiple retail stores and industries as all engineering and shop drawing is performed in-house, under one roof. 

It manufactures in-store customised furniture and fixtures in wood, metal and plastic and in respect of kiosks, full shops, Countertop Units (CTU), Countertop Display Unit (CDU), Point of Sales Merchandising (POSM), etc. it operates on a B2B (Business-to-Business) model. Its range of fixtures is designed to enhance the visual appeal and functionality of retail spaces. It has a diverse clientele spanning different geographies, industry verticals, and service offerings. It understands the customer needs, market trends mapping and provide value for money products. It is consistent in supplying of quality products round the year as customized products are made available to them as per their requirement and market demand. 

Business area of the company

The company is one of the prominent display and retail furniture & Fixture Company with a broad spectrum of offerings and in-store solutions to various industries and retail stores. Further, it manufactures modular furniture for offices, beauty store, low-housing kitchens, educational institution as well as supermarket shelving solutions.

Products of the company

Retail furniture and fixtures

  • Paint outlets
  • Fashion retail outlets
  • Pan shops
  • School and college furniture
  • Office furniture

Industrial metal products

Awards and Accreditations 

  • 2023: ASK Endowment Fund Award- Technology Promotion Award.

History and Milestones

  • 1999: Raju Paleja, primary promoter, starts Naman with a focus on branding, banners and Point of Sale Material (POSM).
  • 2010: Incorporation of the Company Naman In-Store (India) Private Limited.
  • 2015: Collaboration with an industry partner, expanding resources and knowledge.
  • 2020: Resilience during COVID-19 - Naman resumes operations, disassociates from collaboration started in 2015 and accelerates growth with new co-promoters. Naman acquires additional factory premise at Kantharia Industrial Estate, on lease consolidating wood and metal processing plants.
  • 2020: Received ISO 9001: 2015.
  • 2020: Received ISO 14001: 2015.
  • 2020: Received ISO 45001: 2018.
  • 2020: Received OHSAS 18001:2007.
  • 2021: Received ISO 13485: 2016.
  • 2021: Received Certificate of Compliance (CE) by UK Certification & Inspection.
  • 2022: Business Growth and Client Base Diversification from Retail Furniture and Fixture Clients to Industrial Metal Products Clients.
  • 2023: Facility expands to almost 200,000 sq. ft., with a warehouse of 75,000 sq. ft.
  • 2023: Conversion of the Company from private limited to public limited.

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