Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cravatex Ltd is a below average quality company.
The key valuation ratios of Cravatex 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 Cravatex 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.7% | 2.8% | 4.1% | 3.6% | 10.3% | 9% | 17.2% | 13.2% | -87.3% | 23.7% | - |
| Value Creation Index ⓘ | -0.2 | -0.8 | -0.7 | -0.7 | -0.3 | -0.4 | 0.2 | -0.1 | -7.2 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 186 | 186 | 157 | 0.7 | 1 | 2.4 | 2.3 | 2.4 | 3.5 | 1.9 | 3 |
| Sales YoY Gr. | - | 0.1% | -15.6% | -99.5% | 40.5% | 132.7% | -4.6% | 5.6% | 42.6% | -46.3% | - |
| Adj EPS ⓘ | 8.9 | -35.7 | -25.6 | 1.6 | 8.8 | 9 | 22.6 | 16.9 | -18.8 | 13.6 | 15.6 |
| YoY Gr. | - | -498.9% | NA | NA | 437.4% | 2.4% | 152.1% | -25.4% | -211.4% | NA | - |
| BVPS (₹) ⓘ | 161.3 | 125.6 | 112.9 | 115.5 | 123.2 | 128 | 149.2 | 163.2 | 55.2 | 67.5 | 73.8 |
| Adj Net Profit ⓘ | 2.3 | -9.2 | -6.6 | 0.4 | 2.3 | 2.3 | 5.8 | 4.4 | -4.9 | 3.5 | 4 |
| Cash Flow from Ops. ⓘ | 0.7 | 8.5 | 104 | -3 | -1.2 | -2 | -2 | -3.2 | -5.2 | -2.5 | - |
| Debt/CF from Ops. ⓘ | 91.4 | 8.4 | 0.1 | -3.2 | -5.1 | -2 | -2 | -1.3 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -40% | 12.5% | -6.8% | -46.3% | ||||
| Adj EPS ⓘ | 4.8% | 9.2% | -15.5% | NA | ||||
| BVPSⓘ | -9.2% | -11.3% | -23.2% | 22.3% | ||||
| Share Price | 1.5% | 5.6% | 8% | 7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.6 | -24.9 | -21.5 | 1.4 | 7.3 | 7.1 | 16.3 | 10.8 | -17.2 | 22.2 | 22 |
| Op. Profit Mgn % ⓘ | 7.3 | 1.8 | -1.3 | -360.9 | -216.2 | -120.1 | -100.9 | -91.2 | -79.3 | -122.3 | -35.4 |
| Net Profit Mgn % ⓘ | 1.2 | -5 | -4.2 | 56.9 | 217.8 | 95.8 | 253.2 | 178.4 | -139.5 | 188.2 | 125 |
| Debt to Equity ⓘ | 1.6 | 2.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 230 | 242 | 152 | 1,926 | 835 | 260 | 257 | 264 | 296 | 519 | 442 |
| Cash Conv. Cycle ⓘ | 154 | 160 | 95 | 667 | 152 | 30 | 23 | 4 | 0 | 3 | 386 |
Return on Equity has increased versus last 3 years average to 22.00%
Sales growth is good in last 4 quarters at 11.41%
Sales growth has been subdued in last 3 years -6.80%
Net Profit has been subdued in last 3 years -15.52%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.6 | 17.1 |
| TTM Sales (₹ Cr.) | 3.2 | 169 |
| BVPS (₹.) ⓘ | 73.8 | 408.8 |
| Reserves (₹ Cr.) ⓘ | 17 | 103 |
| P/BV ⓘ | 6.39 | 1.15 |
| PE ⓘ | 30.33 | 27.53 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 351.00 / 686.50 |
| All Time Low / High (₹) | 3.12 / 799.00 |
| Market Cap (₹ Cr.) | 122 |
| Equity (₹ Cr.) | 2.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 186 | 186 | 157 | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| Operating Expenses ⓘ | 172 | 183 | 159 | 3 | 3 | 5 | 5 | 5 | 6 | 4 |
| Manufacturing Costs | 8 | 6 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 112 | 122 | 102 | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| Employee Cost | 19 | 20 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 32 | 34 | 32 | 1 | 1 | 2 | 2 | 1 | 1 | 1 |
| Operating Profit ⓘ | 14 | 3 | -2 | -3 | -2 | -3 | -2 | -2 | -3 | -2 |
| Operating Profit Margin (%) | 7.3% | 1.8% | -1.3% | -360.0% | -216.0% | -120.0% | -105.0% | -91.2% | -79.3% | -122.0% |
| Other Income ⓘ | 3 | 3 | 8 | 5 | 7 | 7 | 10 | 9 | 10 | 7 |
| Interest ⓘ | 10 | 12 | 10 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation ⓘ | 4 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33 | 0 |
| Profit Before Tax ⓘ | 3 | -9 | -7 | 0 | 3 | 3 | 6 | 5 | -28 | 3 |
| Tax ⓘ | 1 | 0 | -3 | 0 | 1 | 0 | 0 | 1 | -1 | 0 |
| Profit After Tax | 2 | -9 | -3 | 0 | 2 | 2 | 6 | 4 | -27 | 4 |
| PAT Margin (%) | 1.2% | -5.0% | -2.0% | 56.9% | 217.8% | 95.9% | 249.9% | 179.6% | -779.0% | 189.1% |
| Adjusted EPS (₹) | 8.8 | -35.7 | -12.2 | 1.6 | 8.8 | 9.0 | 22.3 | 17.0 | -105.0 | 13.7 |
| Dividend Payout Ratio (%) | 23% | 0% | 0% | 61% | 23% | 33% | 13% | 18% | -1% | 22% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 42 | 32 | 29 | 30 | 32 | 33 | 39 | 42 | 14 | 17 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 39 | 30 | 27 | 27 | 29 | 30 | 36 | 40 | 12 | 15 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 66 | 72 | 10 | 10 | 6 | 4 | 4 | 4 | 0 | 0 |
| Long Term Debt | 13 | 9 | 5 | 7 | 5 | 4 | 4 | 4 | 0 | 0 |
| Short Term Debt | 53 | 63 | 5 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 26 | 32 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 17 | 19 | 12 | 8 | 8 | 8 | 8 | 8 | 5 | 4 |
| Total Liabilities ⓘ | 151 | 156 | 51 | 48 | 46 | 45 | 51 | 54 | 19 | 22 |
Fixed Assets | ||||||||||
| Gross Block | 46 | 48 | 12 | 12 | 6 | 6 | 4 | 4 | 5 | 7 |
| Accumulated Depreciation | 18 | 21 | 8 | 9 | 3 | 4 | 2 | 3 | 3 | 4 |
| Net Fixed Assetsⓘ | 28 | 27 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 4 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 40 | 40 | 41 | 42 | 47 | 43 | 5 | 9 |
| Inventories | 46 | 52 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 66 | 65 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 2 | 2 | 2 | 1 | 1 | 0 | 1 | 1 | 3 | 3 |
| Others Assetsⓘ | 8 | 9 | 3 | 2 | 1 | 1 | 1 | 8 | 8 | 7 |
| Total Assets ⓘ | 151 | 156 | 51 | 48 | 46 | 45 | 51 | 54 | 19 | 22 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 9 | 104 | -3 | -1 | -2 | -2 | -3 | -5 | -2 |
| PBT ⓘ | 3 | -9 | -7 | 0 | 3 | 3 | 6 | 5 | -28 | 3 |
| Adjustment ⓘ | 13 | 15 | 10 | -2 | -4 | -4 | -7 | -7 | 25 | -6 |
| Changes in Working Capital ⓘ | -5 | 3 | 101 | -2 | -0 | 0 | -0 | -1 | -2 | 1 |
| Tax Paid ⓘ | -1 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -4 | -2 | -17 | 4 | 5 | 5 | 4 | 5 | 16 | 0 |
| Capex | -4 | -2 | 13 | 0 | 0 | 0 | 0 | 0 | 2 | -1 |
| Net Investments | 0 | 0 | -33 | 0 | -1 | -1 | -5 | -3 | -5 | -6 |
| Others ⓘ | 0 | 0 | 3 | 4 | 6 | 6 | 9 | 8 | 19 | 7 |
| Cash Flow From Financing Activityⓘ | -2 | -7 | -86 | -2 | -4 | -4 | -1 | -2 | -8 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | 3 | -11 | 1 | -4 | -2 | -1 | 0 | -8 | 0 |
| Interest Paid ⓘ | 0 | -12 | -10 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -1 | -1 | 0 | 0 | 0 | -1 | 0 | -1 | -1 | 0 |
| Others ⓘ | 3 | 2 | -66 | -2 | 1 | -1 | 0 | -1 | 0 | 0 |
| Net Cash Flow ⓘ | -5 | 0 | 0 | -1 | 0 | -1 | 0 | 0 | 3 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.55 | -24.88 | -10.23 | 1.43 | 7.34 | 7.15 | 16.1 | 10.87 | -96.19 | 22.31 |
| ROCE (%) | 11.67 | 2.79 | 4.12 | 3.62 | 10.34 | 8.96 | 17.21 | 13.15 | -87.34 | 23.72 |
| Asset Turnover Ratio | 1.23 | 1.21 | 1.52 | 0.02 | 0.02 | 0.05 | 0.05 | 0.05 | 0.1 | 0.09 |
| PAT to CFO Conversion(x) | 0.5 | N/A | N/A | N/A | -0.5 | -1 | -0.33 | -0.75 | N/A | -0.5 | Working Capital Days |
| Receivable Days | 133 | 129 | 77 | 356 | 114 | 65 | 62 | 12 | 6 | 13 |
| Inventory Days | 81 | 97 | 62 | 343 | 73 | 4 | 2 | 0 | 0 | 0 |
| Payable Days | 85 | 87 | 58 | 76 | 90 | 76 | 75 | 16 | 12 | 26 |
Cravatex Limited Company was incorporated in 1951. The company imports and distributes products of various brands, such as Johnson, Horizon, Vision, Body Solid, and Magnum. The company also distributes sports shoes and apparels, tennis balls, tennis rackets, and massage chairs and accessories. In addition, it manufactures and sells sports and casual wear.
It is one of the largest chains of dyers and dry cleaners of it's time. Along with these ventures, the company has also diversified into textile processing and printing. In keeping with the developments in the worlds of fitness and health the company expanded into the manufacture of sports and casual wear, culminating recently, in the distribution of fitness equipment for home and commercial use.
The company represents several reputed international brands of fitness equipment in India and is the only ISO certified & public listed company in this field. The company, therefore, has now integrated beauty therapy into its already versatile list of services. The company offers a range of advanced international beauty therapies within spas across the country as well as providing clients with high-end beauty products from one of the leading beauty product manufacturers in the world. The company continues its presence in the Garment Exports Market and the domestic footwear market where it caters to the needs of several international brands.
Group Companies, Proline Exports and Pro Apparels, focus on the manufacture and marketing of premium quality garments, for some of the most discerning customers in the world.
The companies track fashion trends and research new products globally, before shipping to an impressive list of clients. The list includes top urban fashion brands including Azzure; an urban fashion based sportswear collection, Bullrot; a French clothing company which designs trendy street wear, and Phyne Clothing; a female urban clothing brand. Among the sporting brands are Wilson, Fila, Ocean Pacific and Russell Athletic.
It contributes to the distribution of major international brands Fila, Slazenger and Nassau. Fila Sport Spa (Italy) in sports section. In footwear it distributes shoes of JoggerS, Lifestyle, running, sandals tennis shoes. In raquet sports it offers tennis balls, tennis rackets.
Thec company launched Proline Fitness in 1996 which was a pioneer in introducing the personal range of fitness equipments to the Indian Market. Proline Fitness is the sole importer and distributor for several international brands like Johnson (the 4th Largest Fitness Equipment Manufacturer in the World), Horizon, Vision, Body Solid and Magnum. It has a complete range of fitness equipment for home as well as commercial use.
The sports division of the company includes footware, accessories and raquet sports while the fitness division includes home and commercial products
2011 - Company successfully concluded negotiation to extend the Sub License Agreement for the use of "FILA" trademark for India, Bangladesh, Pakistan and Sri Lanka.
2012 - The Company has successfully concluded negotiations with the brand owner and has reached a mutual agreement to extend the Sub-license Agreement for the use of "FILA" trademark for India, Bangladesh, Pakistan and Sri Lanka.
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