BSE: 544015 | NSE: | Textile - Weaving | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mish Designs Ltd is a below average quality company.
The key valuation ratios of Mish Designs 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 Mish Designs 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 4% | 11.4% | 26.3% | 16.2% | - |
| Value Creation Index ⓘ | -0.7 | -0.2 | 0.9 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 4.2 | 7.3 | 11.1 | 13.2 | 13 |
| Sales YoY Gr. | - | 74.2% | 52.1% | 18.5% | - |
| Adj EPS ⓘ | 0 | 0.5 | 2.9 | 2.9 | 2.7 |
| YoY Gr. | - | 1225% | 441.5% | 1.1% | - |
| BVPS (₹) ⓘ | 5.2 | 5.7 | 10.9 | 40.9 | 47 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.6 | 0.8 | 1 |
| Cash Flow from Ops. ⓘ | -0.6 | -0.9 | -1.2 | -6.3 | - |
| Debt/CF from Ops. ⓘ | -1.9 | -2.6 | -2.5 | -0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 46.4% | 18.5% | ||||
| Adj EPS ⓘ | NA | NA | 317% | 1.1% | ||||
| BVPSⓘ | NA | NA | 98.8% | 275% | ||||
| Share Price | - | - | - | 18.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.8 | 9.6 | 41.7 | 11.9 | 6.2 |
| Op. Profit Mgn % ⓘ | 3.2 | 4.7 | 11.2 | 11.7 | NAN |
| Net Profit Mgn % ⓘ | 0.1 | 0.7 | 5.2 | 6.2 | 6.2 |
| Debt to Equity ⓘ | 2.1 | 4 | 1.4 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 147 | 170 | 273 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 81 | 98 | 195 | 0 |
Sales growth is growing at healthy rate in last 3 years 46.41%
Net Profit is growing at healthy rate in last 3 years 316.98%
Debt to equity has declined versus last 3 years average to 0.16
Return on Equity has declined versus last 3 years average to 6.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 13.2 | - |
| BVPS (₹.) ⓘ | 47 | - |
| Reserves (₹ Cr.) ⓘ | 11 | - |
| P/BV ⓘ | 3.27 | - |
| PE ⓘ | 56.11 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 102.50 / 280.50 |
| All Time Low / High (₹) | 102.50 / 280.50 |
| Market Cap (₹ Cr.) | 45.6 |
| Equity (₹ Cr.) | 3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19.1 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 4.19 | 7.30 | 11.10 | 13.15 |
| Operating Expenses ⓘ | 4.06 | 6.95 | 9.86 | 11.62 |
| Manufacturing Costs | 0 | 0.02 | 0.15 | 0.15 |
| Material Costs | 2.06 | 3.68 | 4.75 | 6.37 |
| Employee Cost | 0.61 | 0.62 | 0.49 | 0.93 |
| Other Costs ⓘ | 1.39 | 2.63 | 4.47 | 4.16 |
| Operating Profit ⓘ | 0.13 | 0.34 | 1.25 | 1.54 |
| Operating Profit Margin (%) | 3.2% | 4.7% | 11.2% | 11.7% |
| Other Income ⓘ | 0 | 0.01 | 0.02 | 0.04 |
| Interest ⓘ | 0.04 | 0.17 | 0.36 | 0.40 |
| Depreciation ⓘ | 0.07 | 0.10 | 0.11 | 0.08 |
| Exceptional Items ⓘ | 0 | 0 | -0.09 | 0 |
| Profit Before Tax ⓘ | 0.02 | 0.09 | 0.70 | 1.10 |
| Tax ⓘ | 0.02 | 0.03 | 0.19 | 0.29 |
| Profit After Tax | 0 | 0.05 | 0.51 | 0.81 |
| PAT Margin (%) | 0.1% | 0.7% | 4.6% | 6.2% |
| Adjusted EPS (₹) | 0.0 | 0.5 | 2.6 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.52 | 0.57 | 2.18 | 11.44 | ||||||
| Share Capital ⓘ | 0.25 | 0.25 | 2 | 2.80 | ||||||
| Reserves ⓘ | 0.27 | 0.32 | 0.18 | 8.64 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1.08 | 1.52 | 2.07 | 1.21 | ||||||
| Long Term Debt | 0 | 0.59 | 1.01 | 0.36 | ||||||
| Short Term Debt | 1.08 | 0.93 | 1.06 | 0.86 | ||||||
| Trade Payables | 0.85 | 1.23 | 1.72 | 0.59 | ||||||
| Others Liabilities ⓘ | 0.01 | 0.86 | 1.07 | 0.90 | ||||||
| Total Liabilities ⓘ | 2.46 | 4.17 | 7.04 | 14.15 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0.35 | 0.47 | 0.58 | 0.60 | ||||||
| Accumulated Depreciation | 0.10 | 0.20 | 0.31 | 0.39 | ||||||
| Net Fixed Assetsⓘ | 0.25 | 0.28 | 0.27 | 0.22 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0.98 | 1.85 | 3.59 | 7.96 | ||||||
| Trade Receivables | 1.03 | 1.42 | 2.17 | 3.15 | ||||||
| Cash Equivalents | 0.09 | 0.15 | 0.20 | 0.82 | ||||||
| Others Assetsⓘ | 0.11 | 0.48 | 0.82 | 2.01 | ||||||
| Total Assets ⓘ | 2.46 | 4.17 | 7.04 | 14.15 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.58 | -0.88 | -1.18 | -6.25 |
| PBT ⓘ | 0.02 | 0.09 | 0.70 | 1.10 |
| Adjustment ⓘ | 0.11 | 0.27 | 0.47 | 0.48 |
| Changes in Working Capital ⓘ | -0.7 | -1.19 | -2.16 | -7.54 |
| Tax Paid ⓘ | -0.02 | -0.04 | -0.20 | -0.29 |
| Cash Flow From Investing Activity ⓘ | -0.17 | -0.12 | -0.10 | -0.03 |
| Capex | -0.17 | -0.12 | -0.10 | -0.03 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.72 | 1.06 | 1.33 | 6.90 |
| Net Proceeds from Shares ⓘ | 0.56 | 0 | 1 | 8.45 |
| Net Proceeds from Borrowing ⓘ | 0 | 0.59 | 0.17 | -1.20 |
| Interest Paid ⓘ | -0.04 | -0.17 | -0.36 | -0.40 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.20 | 0.65 | 0.52 | 0.05 |
| Net Cash Flow ⓘ | -0.03 | 0.07 | 0.04 | 0.62 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.58 | 9.81 | 37.18 | 11.93 | ||||||
| ROCE (%) | 3.96 | 11.43 | 26.3 | 16.24 | ||||||
| Asset Turnover Ratio | 1.7 | 2.2 | 1.98 | 1.24 | ||||||
| PAT to CFO Conversion(x) | N/A | -17.6 | -2.31 | -7.72 | Working Capital Days | |||||
| Receivable Days | 90 | 61 | 59 | 74 | ||||||
| Inventory Days | 85 | 71 | 89 | 160 | ||||||
| Payable Days | 151 | 103 | 113 | 66 | ||||||
Mish Designs was incorporated as Mish Designs Private Limited on November 24, 2017 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Mish Designs Limited vide Special Resolution dated May 08, 2023. The fresh certificate of incorporation consequent to conversion was issued on June 19, 2023 by the Registrar of Companies, Mumbai.
The company is engaged in the process of fabrication of fabric into garments under the brand name ‘MISH’, ‘CURVES BY MISH’ in India. It exports its product currently to UAE under the brand name ‘ZOEY’. It offers collection of over 1000 trending designs to cater the diverse taste of its customer. The company offers varieties of products in Women’s wear segment such as Dresses, Gowns, Tops, Co-Ords, T-shirts, Trousers and Palazzos.
Its brand ‘MISH’ represents contemporary women's fashion label specializing in affordable western and indo-western wear with strong global digital presence. It have established strong network with prominent E-Commerce players such as Myntra, Nykaa Fashion, Ajio and Tata Cliq. It also sold its products on other e-platform like Namshi (through third party). It have and introduced its brand by identifying gaps in the under-served and high-growth dedicated towards women’s western wear category.
The company’s proficiency lies in understanding the specific requirement of its customers and based on which it design, procure fabrics, use color combinations, manufacture the garment, make live samples to understand the taste and trends all with an in-house design team at its manufacturing unit. It have a dedicated team to 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 which remains its top priority.
Business area of the company
The company is engaged in manufacturing of garments and sells its products through digital platforms. It is engaged in the process of fabrication of fabric into garments under the brand name ‘MISH’, ‘CURVES BY MISH’ in India.
Products of the company
History and milestones
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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.
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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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