Past 10 year's financial track record analysis by Moneyworks4me indicates that Shine Fashion (India) Ltd is a average quality company.
The key valuation ratios of Shine Fashion (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shine Fashion (India) 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 % ⓘ | 14.1% | 6.2% | 10.2% | 16.3% | 55.3% | - |
| Value Creation Index ⓘ | 0.0 | -0.6 | -0.3 | 0.2 | 3.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 7.9 | 6.9 | 12.1 | 19.9 | 52.9 | 53 |
| Sales YoY Gr. | - | -13% | 75.6% | 65.1% | 165.3% | - |
| Adj EPS ⓘ | 1.6 | 0.7 | 1.3 | 2.5 | 13.8 | 13.3 |
| YoY Gr. | - | -56.8% | 85.7% | 93.1% | 448.6% | - |
| BVPS (₹) ⓘ | 0 | 17.9 | 19.3 | 22.1 | 36 | 35.6 |
| Adj Net Profit ⓘ | 0.3 | 0.2 | 0.4 | 0.7 | 3.9 | 4 |
| Cash Flow from Ops. ⓘ | 0 | -2.2 | 0.4 | -1.2 | 1 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.3 | 1.3 | -1.6 | 0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 97.4% | 165.3% | ||||
| Adj EPS ⓘ | NA | NA | 170% | 448.6% | ||||
| BVPSⓘ | NA | NA | 26.2% | 62.7% | ||||
| Share Price | - | - | 65.3% | 202.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.8 | 4.7 | 7 | 12.1 | 47.4 | 37.2 |
| Op. Profit Mgn % ⓘ | 5.3 | 3.5 | 4 | 5.1 | 9.8 | NAN |
| Net Profit Mgn % ⓘ | 4.1 | 2.9 | 3 | 3.5 | 7.3 | 7.3 |
| Debt to Equity ⓘ | 0 | 0.1 | 0.1 | 0.3 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 271 | 196 | 171 | 135 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 224 | 162 | 118 | 57 | 0 |
Return on Equity has increased versus last 3 years average to 37.20%
Sales growth is growing at healthy rate in last 3 years 97.36%
Net Profit is growing at healthy rate in last 3 years 169.95%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.3 | 13.4 |
| TTM Sales (₹ Cr.) | 52.9 | 54.1 |
| BVPS (₹.) ⓘ | 35.6 | 36 |
| Reserves (₹ Cr.) ⓘ | 9 | 9 |
| P/BV ⓘ | 9.63 | 9.52 |
| PE ⓘ | 25.79 | 25.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 109.00 / 427.85 |
| All Time Low / High (₹) | 19.25 / 427.85 |
| Market Cap (₹ Cr.) | 100 |
| Equity (₹ Cr.) | 1.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 8 | 7 | 12 | 20 | 53 |
| Operating Expenses ⓘ | 7 | 7 | 12 | 19 | 48 |
| Manufacturing Costs | 0 | 0 | 0 | 1 | 1 |
| Material Costs | 7 | 6 | 11 | 17 | 45 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 0 | 0 | 0 | 0 | 1 |
| Operating Profit ⓘ | 0 | 0 | 0 | 1 | 5 |
| Operating Profit Margin (%) | 5.3% | 3.5% | 4.0% | 5.1% | 9.8% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 1 | 1 | 5 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | 0 | 0 | 0 | 1 | 4 |
| PAT Margin (%) | 4.4% | 3.3% | 3.3% | 4.0% | 7.3% |
| Adjusted EPS (₹) | 1.7 | 0.8 | 1.4 | 2.8 | 13.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 3 | 5 | 5 | 6 | 10 | |||||
| Share Capital ⓘ | 1 | 1 | 1 | 1 | 1 | |||||
| Reserves ⓘ | 2 | 4 | 4 | 5 | 9 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0 | 1 | 1 | 2 | 1 | |||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Short Term Debt | 0 | 1 | 1 | 2 | 1 | |||||
| Trade Payables | 1 | 0 | 1 | 4 | 15 | |||||
| Others Liabilities ⓘ | 0 | 0 | 0 | 0 | 1 | |||||
| Total Liabilities ⓘ | 4 | 6 | 7 | 12 | 27 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 0 | 0 | |||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | |||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 0 | 0 | 1 | 6 | |||||
| Trade Receivables | 3 | 5 | 6 | 10 | 18 | |||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | |||||
| Others Assetsⓘ | 0 | 0 | 1 | 1 | 3 | |||||
| Total Assets ⓘ | 4 | 6 | 7 | 12 | 27 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -2 | 0 | -1 | 1 |
| PBT ⓘ | 0 | 0 | 1 | 1 | 5 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -0 | -2 | -0 | -2 | -4 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 2 | 0 | 1 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 2 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 0 | 1 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.37 | 5.51 | 7.56 | 13.66 | 47.75 | |||||
| ROCE (%) | 14.09 | 6.21 | 10.22 | 16.25 | 55.32 | |||||
| Asset Turnover Ratio | 1.86 | 1.33 | 1.84 | 2.11 | 2.69 | |||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | -1 | 0.25 | Working Capital Days | ||||
| Receivable Days | 155 | 228 | 168 | 148 | 96 | |||||
| Inventory Days | 19 | 21 | 11 | 11 | 25 | |||||
| Payable Days | 32 | 26 | 18 | 47 | 75 | |||||
The company was incorporated as a public limited company under the Companies Act, 2013 and registered with the Registrar of Companies, Central Registration Centre with the name & style ‘Shine Fashions (India) Limited’ pursuant to a certificate of incorporation dated September 11, 2019. Subsequently, the company has acquired the entire business with the assets and liabilities of A. M. Fabrics sole proprietorship concern of father of its Promoter Anil Mehta vide Business Transfer Agreement dated September 30, 2019.
Business area of the company
The company is primarily engaged in importing, supplying and trading of non -woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings. It sources its products from reliable manufacturers of the market. The interlinings produced are in different sizes, to cater diverse customers specifications. It is offering high grade quality and fine finish products to customers. It provides bulk of products to its customers in the stipulated time frame and as per their choice. Its products are provided in safe and tight packing to ensure their accurate delivery to the patrons. The company’s proficiency lies in understanding the specific requirement of its customers and based on which it place the order of its products to manufacturer having requisite manufacturing facilities. It supervise the entire manufacturing process including selection of interlinings produced till dispatch of the goods to customers place, to assure product quality and customer satisfaction.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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