Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bizotic Commercial Ltd is a below average quality company.
The key valuation ratios of Bizotic Commercial Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bizotic Commercial Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 24.1% | 43.8% | 31.1% | 50.1% | 13.5% | - |
| Value Creation Index ⓘ | 0.7 | 2.1 | 1.2 | 2.6 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 11.1 | 16.8 | 53.2 | 65.2 | 71.4 | 71 |
| Sales YoY Gr. | - | 50.8% | 216.6% | 22.5% | 9.6% | - |
| Adj EPS ⓘ | 7.7 | 16.2 | 29.9 | 4.8 | 2.8 | 3.8 |
| YoY Gr. | - | 111.6% | 84.5% | -84% | -41.6% | - |
| BVPS (₹) ⓘ | 14.1 | 30.3 | 58.9 | 15 | 68.1 | 68.1 |
| Adj Net Profit ⓘ | 0.2 | 0.3 | 0.6 | 2.7 | 2.2 | 3 |
| Cash Flow from Ops. ⓘ | -2.9 | -2 | 0.2 | -3.1 | -26.1 | - |
| Debt/CF from Ops. ⓘ | -0.3 | -0.4 | 11 | -1.4 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 62% | 9.6% | ||||
| Adj EPS ⓘ | NA | NA | -44.4% | -41.6% | ||||
| BVPSⓘ | NA | NA | 31% | 354% | ||||
| Share Price | - | - | - | 95.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 54.6 | 73.2 | 67.1 | 55.5 | 7.1 | 5.6 |
| Op. Profit Mgn % ⓘ | 2.8 | 4.1 | 1.6 | 6.1 | 0.8 | NAN |
| Net Profit Mgn % ⓘ | 1.5 | 2 | 1.2 | 4.1 | 3.1 | 4.3 |
| Debt to Equity ⓘ | 2.6 | 1.3 | 2.1 | 0.5 | 0 | - |
| Working Cap Days ⓘ | 0 | 317 | 190 | 231 | 299 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 77 | 38 | 38 | 122 | 0 |
Sales growth is growing at healthy rate in last 3 years 62.00%
Return on Equity has declined versus last 3 years average to 5.60%
Net Profit has been subdued in last 3 years -44.40%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.8 | - |
| TTM Sales (₹ Cr.) | 71.4 | - |
| BVPS (₹.) ⓘ | 68.1 | - |
| Reserves (₹ Cr.) ⓘ | 47 | - |
| P/BV ⓘ | 1.55 | - |
| PE ⓘ | 27.58 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 43.11 / 151.70 |
| All Time Low / High (₹) | 43.11 / 182.00 |
| Market Cap (₹ Cr.) | 85 |
| Equity (₹ Cr.) | 8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 11.14 | 16.80 | 53.18 | 65.16 | 71.43 |
| Operating Expenses ⓘ | 10.83 | 16.11 | 52.31 | 61.16 | 70.84 |
| Manufacturing Costs | 0.15 | 0.16 | 0.24 | 0.23 | 0.25 |
| Material Costs | 8.72 | 13.90 | 48.25 | 56.19 | 63.91 |
| Employee Cost | 0.28 | 0.27 | 0.80 | 1.18 | 1.18 |
| Other Costs ⓘ | 1.67 | 1.78 | 3.01 | 3.56 | 5.51 |
| Operating Profit ⓘ | 0.31 | 0.69 | 0.87 | 4 | 0.58 |
| Operating Profit Margin (%) | 2.8% | 4.1% | 1.6% | 6.1% | 0.8% |
| Other Income ⓘ | 0 | 0 | 0.06 | 0.41 | 4.59 |
| Interest ⓘ | 0.03 | 0.08 | 0.02 | 0.43 | 0.68 |
| Depreciation ⓘ | 0.06 | 0.13 | 0.09 | 0.24 | 0.47 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.23 | 0.48 | 0.81 | 3.73 | 4.03 |
| Tax ⓘ | 0.06 | 0.14 | 0.18 | 1.04 | 0.95 |
| Profit After Tax | 0.16 | 0.34 | 0.63 | 2.69 | 3.08 |
| PAT Margin (%) | 1.5% | 2.0% | 1.2% | 4.1% | 4.3% |
| Adjusted EPS (₹) | 7.8 | 16.2 | 30.0 | 4.8 | 3.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.30 | 0.64 | 1.24 | 8.44 | 54.75 | |||||
| Share Capital ⓘ | 0.01 | 0.01 | 0.01 | 5.63 | 8.04 | |||||
| Reserves ⓘ | 0.29 | 0.63 | 1.23 | 2.81 | 46.71 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0.76 | 0.84 | 2.63 | 3.56 | 0.96 | |||||
| Long Term Debt | 0 | 0 | 0 | 1.70 | 0.90 | |||||
| Short Term Debt | 0.76 | 0.84 | 2.63 | 1.86 | 0.06 | |||||
| Trade Payables | 7.82 | 13.17 | 29.33 | 31.36 | 15 | |||||
| Others Liabilities ⓘ | 2.14 | 4.31 | 4.17 | 5.65 | 6.78 | |||||
| Total Liabilities ⓘ | 11.02 | 18.97 | 37.38 | 49.02 | 77.49 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0.43 | 0.48 | 0.81 | 2.16 | 6.79 | |||||
| Accumulated Depreciation | 0.06 | 0.19 | 0.30 | 0.54 | 1 | |||||
| Net Fixed Assetsⓘ | 0.37 | 0.30 | 0.51 | 1.62 | 5.79 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 4.22 | 7.40 | 12.84 | 16 | 23.62 | |||||
| Trade Receivables | 4.56 | 9.51 | 21.20 | 26.52 | 25.69 | |||||
| Cash Equivalents | 0.11 | 0.02 | 0.10 | 1.84 | 0.23 | |||||
| Others Assetsⓘ | 1.77 | 1.74 | 2.72 | 3.04 | 22.15 | |||||
| Total Assets ⓘ | 11.02 | 18.97 | 37.38 | 49.02 | 77.49 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.85 | -2 | 0.24 | -3.08 | -26.08 |
| PBT ⓘ | 0.23 | 0.48 | 0.81 | 3.73 | 4.03 |
| Adjustment ⓘ | 0.09 | 0.21 | 0.09 | 0.67 | -0.04 |
| Changes in Working Capital ⓘ | -3.1 | -2.55 | -0.48 | -6.44 | -29.07 |
| Tax Paid ⓘ | -0.06 | -0.14 | -0.18 | -1.05 | -1 |
| Cash Flow From Investing Activity ⓘ | 1.60 | 1.92 | -0.38 | -0.96 | -14.88 |
| Capex | -0.41 | -0.05 | -0.38 | -1.35 | -3.62 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 1.97 | 0 | 0.39 | -11.26 |
| Cash Flow From Financing Activityⓘ | 0.70 | 0 | 0.22 | 5.78 | 39.36 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4.52 | 42.21 |
| Net Proceeds from Borrowing ⓘ | -0.03 | 0 | 0.22 | 1.70 | -0.60 |
| Interest Paid ⓘ | -0.03 | -0.08 | 0 | -0.43 | -0.68 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.76 | 0.08 | 0 | 0 | -1.57 |
| Net Cash Flow ⓘ | -0.55 | -0.09 | 0.08 | 1.73 | -1.60 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 55.35 | 73.2 | 67.16 | 55.57 | 9.76 | |||||
| ROCE (%) | 24.14 | 43.78 | 31.12 | 50.09 | 13.51 | |||||
| Asset Turnover Ratio | 1.01 | 1.12 | 1.89 | 1.51 | 1.13 | |||||
| PAT to CFO Conversion(x) | -17.81 | -5.88 | 0.38 | -1.14 | -8.47 | Working Capital Days | ||||
| Receivable Days | 149 | 153 | 105 | 134 | 133 | |||||
| Inventory Days | 138 | 126 | 69 | 81 | 101 | |||||
| Payable Days | 327 | 276 | 161 | 197 | 132 | |||||
The company was originally incorporated as ‘Bizotic Commercial Private Limited’ under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated December 29, 2016 issued by the Deputy Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, Government of India. Subsequently, the company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on December 15, 2022 and consequently the name of the company was changed to ‘Bizotic Commercial Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated December 26, 2022.
The company is engaged into the business of manufacturing, designing and marketing of readymade garments offering diverse range of men’s Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear. It serves its customers through the channels of retail stores and e-commerce. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It outsources the entire garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on its specifications, procure the requisite raw materials at their own costs and begin the manufacturing process. The products delivered to it from third party contractors are completely finished and packaged to its warehouse/stores. However, it has not entered into Job work agreement.
It opened its first outlet in the Financial Year 2017-2018, on its own brand name ‘URBAN UNITED’ in Ajmer, Rajasthan. From 2017 to 2020, it has opened many outlets on franchisee basis in Rajasthan and Haryana Only. As garments industry is one of the everlastings and all-time booming industry, it came with its own Showrooms/Stores in the 2021-22. All its showrooms are located at prime locations in different cities of Rajasthan and Bihar.
Business area of the company
The company is engaged into the business of manufacturing, designing and marketing of readymade garments offering diverse range of men’s Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear.
Products of the company
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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