Past 10 year’s financial track record analysis by Moneyworks4me indicates that Scarnose International Ltd is a below average quality company.
The key valuation ratios of Scarnose International 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 Scarnose International 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 129.5% | 30.7% | 13.4% | 0.9% | 0.2% | - |
| Value Creation Index ⓘ | NA | 8.3 | 1.2 | -0.1 | -0.9 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 0 | 12.1 | 32.6 | 95.7 | 41.1 | 13.9 | 14 |
| Sales YoY Gr. | - | NA | 170.1% | 193.9% | -57.1% | -66.3% | - |
| Adj EPS ⓘ | 0 | 9.4 | 1.8 | 1.7 | 0.2 | 0 | 0 |
| YoY Gr. | - | NA | -80.9% | -5% | -91.2% | -80% | - |
| BVPS (₹) ⓘ | 4.1 | 13.5 | 15.1 | 17.4 | 30.3 | 30.3 | 30.3 |
| Adj Net Profit ⓘ | 0 | 0 | 0.2 | 0.3 | 0.1 | 0 | 0 |
| Cash Flow from Ops. ⓘ | 0 | 0 | -0.8 | 0.5 | -5.4 | -0.6 | - |
| Debt/CF from Ops. ⓘ | -51.5 | -0.2 | -0 | 5.9 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -24.8% | -66.3% | ||||
| Adj EPS ⓘ | NA | NA | -74.4% | -80% | ||||
| BVPSⓘ | NA | 49.1% | 26.1% | 0.1% | ||||
| Share Price | - | - | - | 97% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 106.6 | 23.1 | 12.6 | 0.7 | 0.1 | 0.1 |
| Op. Profit Mgn % ⓘ | 0 | 0.3 | 0.9 | 0.3 | -0.2 | -1.9 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0.2 | 0.7 | 0.4 | 0.1 | 0.1 | 0.1 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0 | 0.9 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 183 | 91 | 30 | 113 | 306 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 10 | 12 | 52 | 168 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 0.10%
Sales growth has been subdued in last 3 years -24.77%
Net Profit has been subdued in last 3 years -74.41%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0 | - |
| TTM Sales (₹ Cr.) | 13.9 | - |
| BVPS (₹.) ⓘ | 30.3 | - |
| Reserves (₹ Cr.) ⓘ | 6 | - |
| P/BV ⓘ | 4.64 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 58.91 / 199.50 |
| All Time Low / High (₹) | 45.10 / 199.50 |
| Market Cap (₹ Cr.) | 44.3 |
| Equity (₹ Cr.) | 3.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 0 | 12.05 | 32.55 | 95.65 | 41.07 | 13.86 |
| Operating Expenses ⓘ | 0 | 12.01 | 32.26 | 95.36 | 41.15 | 14.12 |
| Manufacturing Costs | 0 | 0 | 1 | 1.29 | 0 | 0 |
| Material Costs | 0 | 11.99 | 30.16 | 92.31 | 40.71 | 13.88 |
| Employee Cost | 0 | 0.01 | 0.17 | 0.34 | 0.18 | 0.11 |
| Other Costs ⓘ | 0 | 0.01 | 0.92 | 1.42 | 0.25 | 0.13 |
| Operating Profit ⓘ | 0 | 0.04 | 0.29 | 0.28 | -0.08 | -0.26 |
| Operating Profit Margin (%) | - | 0.3% | 0.9% | 0.3% | -0.2% | -1.8% |
| Other Income ⓘ | 0 | 0 | 0.01 | 0.28 | 0.18 | 0.28 |
| Interest ⓘ | 0 | 0 | 0 | 0.10 | 0.02 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0.02 | 0.03 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0.04 | 0.30 | 0.45 | 0.06 | 0.01 |
| Tax ⓘ | 0 | 0.01 | 0.08 | 0.11 | 0.01 | 0.01 |
| Profit After Tax | 0 | 0.03 | 0.23 | 0.33 | 0.04 | 0.01 |
| PAT Margin (%) | - | 0.2% | 0.7% | 0.3% | 0.1% | 0.1% |
| Adjusted EPS (₹) | 0.0 | 9.4 | 1.8 | 1.7 | 0.1 | 0.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.01 | 0.04 | 1.91 | 3.39 | 10.03 | 9.55 | ||||
| Share Capital ⓘ | 0.01 | 0.01 | 0.42 | 1.95 | 3.15 | 3.15 | ||||
| Reserves ⓘ | 0 | 0.03 | 1.49 | 1.44 | 6.88 | 6.40 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 0 | 0.01 | 2.89 | 0 | 0 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 0 | 0 | 0.01 | 2.89 | 0 | 0 | ||||
| Trade Payables | 0 | 11.99 | 1.86 | 5.54 | 3.05 | 0.02 | ||||
| Others Liabilities ⓘ | 0 | 0.01 | 0.80 | 0.60 | 2.02 | 0.02 | ||||
| Total Liabilities ⓘ | 0.01 | 12.05 | 4.58 | 12.42 | 15.10 | 9.59 | ||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 0.76 | 0.08 | 0.08 | ||||
| Accumulated Depreciation | 0 | 0 | 0 | 0.02 | 0.01 | 0.02 | ||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0.74 | 0.06 | 0.05 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0.11 | 0.11 | 0.11 | ||||
| Inventories | 0 | 0 | 0 | 0.20 | 0 | 0 | ||||
| Trade Receivables | 0 | 12.05 | 3.68 | 9.69 | 10.41 | 5.37 | ||||
| Cash Equivalents | 0.01 | 0 | 0.31 | 0.11 | 0.45 | 0.15 | ||||
| Others Assetsⓘ | 0 | 0 | 0.59 | 1.57 | 4.07 | 3.92 | ||||
| Total Assets ⓘ | 0.01 | 12.05 | 4.58 | 12.42 | 15.10 | 9.59 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -0.01 | -0.77 | 0.49 | -5.44 | -0.60 |
| PBT ⓘ | 0 | 0.04 | 0.30 | 0.45 | 0.06 | 0.01 |
| Adjustment ⓘ | 0 | 0 | -0.01 | 0.02 | -0.11 | -0.26 |
| Changes in Working Capital ⓘ | -0 | -0.04 | -0.98 | 0.12 | -5.39 | -0.35 |
| Tax Paid ⓘ | 0 | -0.01 | -0.08 | -0.10 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -0.57 | -1.75 | -0.79 | 0.29 |
| Capex | 0 | 0 | 0 | -0.76 | 0.64 | 0 |
| Net Investments | 0 | 0 | 0 | -0.11 | 0 | 0 |
| Others ⓘ | 0 | 0 | -0.57 | -0.89 | -1.43 | 0.29 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1.65 | 1.06 | 6.57 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1.64 | 1.15 | 6.60 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0.01 | -0.01 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | -0.10 | -0.02 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -0.01 | 0.31 | -0.20 | 0.34 | -0.31 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0 | 106.55 | 23.13 | 12.63 | 0.67 | 0.1 | ||||
| ROCE (%) | 0 | 129.52 | 30.73 | 13.37 | 0.94 | 0.15 | ||||
| Asset Turnover Ratio | 0 | 2 | 3.92 | 11.25 | 2.98 | 1.12 | ||||
| PAT to CFO Conversion(x) | N/A | -0.33 | -3.35 | 1.48 | -136 | -60 | Working Capital Days | |||
| Receivable Days | 0 | 365 | 88 | 26 | 89 | 208 | ||||
| Inventory Days | 0 | 0 | 0 | 1 | 0 | 0 | ||||
| Payable Days | 0 | 183 | 84 | 15 | 38 | 40 | ||||
The company was originally incorporated as a Private Limited Company in the name of “Chordia Agro Products Private Limited” on April 12, 2011 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U15400GJ2011PTC064911 issued by the Registrar of Companies - Gujarat, Dadra & Nagar Haveli. Subsequently, name of the company changed to “Scarnose International Private Limited” vide a fresh certificate of incorporation dated July 26, 2018 issued by Registrar of Companies - Ahmedabad. Further, the company was converted into Public Limited Company under the provisions of the Companies Act, 2013 and the name of the Company was changed to “Scarnose International Limited” vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 21, 2021 bearing Corporate Identification Number U15400GJ2011PLC064911 issued by the Registrar of Companies – Ahmedabad.
The company is mainly engaged in Trading of diverse range of raw cotton, cotton bales & yarn. Currently, the company has started manufacturing of readymade garments through different job workers. These garments are made using printed fabric and solid dyed fabrics. Most of the garments are supplied with extensive value addition involving embroidery, hand embroidery and hand work including beads, sequences. Latest trend, fashion and lifestyle are having an impact while designing its product range. Currently, the company is in textile sector both in trading and manufacturing. The company procures cotton bales from different ginners (A person who operates a Cotton gin i.e., a Cotton engine which quickly and easily separates cotton fibers from their seeds enabling much greater productivity than manual cotton separation) where-by they provide it cotton in the form of bales. The promoters had existing relationship with many mills and factories and tied up with them, wherein the Company sales cotton bales to them. Most of the clients of its Companies are ginners and cotton factories. It provide Cotton Bales in varied specifications and at economical prices.
Having gained experience in this industry, now the company has started manufacturing ladies dress materials particularly Kurtis from the financial year 2021 through outsourcing model and selling in its own domestic brand “Scarnose”. Its product sourcing of best quality at economical prices results in fine variety of raw cotton, bales and yarn and manufactures Kurtis at best possible prices thus keeping its costs low. It has endeavoured to introduce new styles, fits, finishes and have started manufacturing through outsourcing model. It offer an extensive range of designs, colours, styles and patterns of Kurtis. With large number of different colours and styles, customers have a good number of options. Right from the initial stage that involves the client preferences to constructing the most desirable collections, it ensure complete satisfaction to its client.
Business area of the company
Scarnose International is being in the textile and cotton sector from many years and is one of the trusted suppliers of cotton products. The range of its product includes Cotton bales, Yarn, Fabric, Kurtis.
Key Milestones of the Company
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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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