Meyer Apparel Ltd - Stock Valuation and Financial Performance

BSE: 531613 | NSE: | Textile | Small Cap

Meyer Apparel Share Price

2.27 0.00 0.00%
as on 18-Nov'24 16:59

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Meyer Apparel stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
18.3 Cr.
52-wk low:
1.4
52-wk high:
3.1

Is Meyer Apparel Ltd an attractive stock to invest in?

1. Is Meyer Apparel Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Meyer Apparel Ltd is a below average quality company.

2. Is Meyer Apparel Ltd undervalued or overvalued?

The key valuation ratios of Meyer Apparel Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Meyer Apparel Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Meyer Apparel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Meyer Apparel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Meyer Apparel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0.7%-309.6%0%0%0%0%0%0%0%0%-
Value Creation
Index
-1.0NANANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 23.4292111.78.65.42.64.36.34.33
Sales YoY Gr.-24%-27.7%-44%-26.8%-36.9%-51.9%64.8%46.5%-32.1%-
Adj EPS -0-1.7-0.2-0.5-0.3-0.7-0.2-0.2-0.2-0.2-0.2
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 3.2-1.1-1.2-1.8-2.1-3.2-3.4-3.5-3.7-4-4
Adj Net
Profit
-0.2-14-2-4-2.3-5.9-1.7-1.3-1.9-1.8-1
Cash Flow from Ops. 3.61.4-6.4-2.5-0.90.90.5-2.3-0.80-
Debt/CF from Ops. 0.40.4-0.1-0.1-0.20.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.2%-13%17.9%-32.1%
Adj EPS NANANANA
BVPS-202.3%NANANA
Share Price -1.8% 35.3% 1.5% 13.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.8-1612133.515.128.26.54.76.464
Op. Profit
Mgn %
-0.61-9.5-40.7-21.3-55.4-57.9-41-32.6-47.8-42.6
Net Profit
Mgn %
-1-48.1-9.3-34.3-27-109.5-65.2-30.2-29.5-42.8-39.4
Debt to
Equity
0.1-0.1-0.1-0-000000-
Working Cap
Days
35624232250659874792037520223193
Cash Conv.
Cycle
9885163279272293396268163176-2,387

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.92%

Return on Equity has declined versus last 3 years average to 4.00%

Sales growth is not so good in last 4 quarters at -47.44%

Latest Financials - Meyer Apparel Ltd.

Standalone Consolidated
TTM EPS (₹) -0.2 -
TTM Sales (₹ Cr.) 3.3 -
BVPS (₹.) -4 -
Reserves (₹ Cr.) -57 -
P/BV -0.56 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 1.41 / 3.05
All Time Low / High (₹) 0.39 / 28.25
Market Cap (₹ Cr.) 18.3
Equity (₹ Cr.) 24.2
Face Value (₹) 3
Industry PE 26.8

Management X-Ray of Meyer Apparel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Meyer Apparel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales23.382920.9611.748.595.422.614.306.304.28
Operating Expenses 23.5428.7322.9516.5310.4210.434.166.068.366.33
Manufacturing Costs2.131.891.951.901.560.860.310.791.600.64
Material Costs10.2111.848.185.293.403.431.813.164.253.30
Employee Cost 7.4110.939.896.824.102.750.941.141.481.40
Other Costs 3.794.072.922.521.353.391.100.981.021
Operating Profit -0.160.27-1.99-4.78-1.83-5.01-1.55-1.76-2.06-2.05
Operating Profit Margin (%) -0.7%0.9%-9.5%-40.7%-21.3%-92.4%-59.3%-41.1%-32.6%-47.8%
Other Income 0.840.150.140.540.550.010.880.740.430.26
Interest 0.470.210.060.180.120.270.200.020.040.03
Depreciation 0.470.440.400.440.890.780.580.030.020.02
Exceptional Items 0-29.861.182.79-0.07-1.440000
Profit Before Tax -0.26-30.08-1.13-2.08-2.37-7.49-1.45-1.07-1.68-1.83
Tax -0.024.7900000000
Profit After Tax -0.24-34.87-1.13-2.08-2.37-7.49-1.45-1.07-1.68-1.83
PAT Margin (%) -1.0%-120.0%-5.4%-17.7%-27.6%-138.0%-55.4%-24.9%-26.7%-42.8%
Adjusted EPS (₹)0.0-4.3-0.1-0.3-0.3-0.9-0.2-0.1-0.2-0.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 26.11-8.76-9.89-14.21-16.57-25.60-27.13-28.20-29.89-31.72
Share Capital 24.2724.2724.2724.2724.2724.2724.2724.2724.2724.27
Reserves 1.84-33.03-34.16-38.48-40.84-49.87-51.40-52.46-54.15-55.98
Minority Interest0000000000
Debt1.300.360.400.250.0700000
Long Term Debt0.190.360.400.250.0700000
Short Term Debt1.11000000000
Trade Payables5.264.830.931.161.471.520.440.030.210
Others Liabilities 2.4537.5437.4735.6535.6337.3234.3833.6233.6633.52
Total Liabilities 35.1233.9628.9122.8520.5913.237.695.453.981.81

Fixed Assets

Gross Block10.6510.6910.9710.547.795.942.661.131.161.18
Accumulated Depreciation7.767.918.258.376.072.902.171.021.031.06
Net Fixed Assets2.892.782.712.171.723.040.490.110.130.12
CWIP 0000000000
Investments 9.8711.707.755.305.301.651.250.6200
Inventories4.834.424.0634.812.713.323.1431.14
Trade Receivables7.287.747.994.472.550.700.020.730.210.03
Cash Equivalents 2.590.820.141.120.190.251.100.060.060.04
Others Assets7.666.496.256.806.034.901.510.790.580.49
Total Assets 35.1233.9628.9122.8520.5913.237.695.453.981.81

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3.621.40-6.35-2.52-0.930.930.48-2.33-0.830.01
PBT -0.26-30.08-1.13-1.87-2.37-7.49-1.45-1.07-1.68-1.83
Adjustment 1.1530.42-0.72-3.150.964.490.20-0.30-0.220.04
Changes in Working Capital 3.1930.98-3.612.490.613.711.45-1.021.071.81
Tax Paid 0000-0.140.220.270.050.01-0.01
Cash Flow From Investing Activity -0.49-2.225.623.870.20-0.131.021.300.84-0.01
Capex -0.28-0.47-0.333.630-0.130.220.68-0.03-0.01
Net Investments 003.950000.800.620.870
Others -0.21-1.7520.240.2000000
Cash Flow From Financing Activity -2.96-0.940.04-0.37-0.20-0.74-0.640-0.01-0.01
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.020.170.040000000
Interest Paid 000-0.180.01-0.07-0.060-0.01-0.01
Dividend Paid 0000000000
Others -2.94-1.110-0.19-0.21-0.67-0.58000
Net Cash Flow 0.17-1.76-0.680.98-0.930.060.85-1.03-0.01-0.02
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-0.87N/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)0.66N/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.580.840.670.450.40.320.250.71.621.49
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1019513719414910950302210
Inventory Days785874110166253422255147176
Payable Days16715512872141159198271012

Meyer Apparel Ltd Stock News

Meyer Apparel Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Meyer Apparel on 18-Nov-2024 16:59 is ₹2.27.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Meyer Apparel stood at ₹18.27.
The latest P/E ratio of Meyer Apparel as of 18-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Meyer Apparel as of 18-Nov-2024 16:59 is -0.56.
The 52-week high of Meyer Apparel is ₹3.05 and the 52-week low is ₹1.41.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meyer Apparel is ₹3.27 ( Cr.) .

About Meyer Apparel Ltd

GIVO set up with technical and financial collaboration of Marzotto Spa of Italy supplies industrially manufactured classic men's wear, using state of art equipment imported from Europe. 

GIVO underwent a twelve Month technical training in advance of launching into full production in 1996, with Italian technicians on hand to supervise training and the setting up of quality assurance procedures in the company. 

GIVO has set it its own grounds and the factory building, a standalone structure with impressive gardens in front and a vast expanse of lawns engenders pride in the workplace, and offers a safe and healthy working environment to Givo workers. 

Perfection cannot be achieved without practice. Training and continuous up-gradation of know-how has been one of the key focus areas of Givo. A permanent training center has been set up within the factory complex at Gurgaon to provide extensive operational know-how to the grass root shop floor operators. Not only does this center impart skills to the operators, but it also serves as a center for further R&D activities that would improve upon and generate new technologies suited to the global garment industry.

The Thakral Group of Singapore, which has interests in fabric, electronics and hotels, hold 50 per cent of Givo’s equity, the public holds 25 per cent, FIIs 15 per cent and the remaining 10 per cent by Marzotto of Italy, which is also a technical collaborator.

The GIVO's production unit Located within close vicinity of New Delhi has the capacity to produce 600 jackets and 800 pairs of trousers in a single eight Hour shift. 

Givo Exports a major portion of its production to USA, Canada, Europe & Middle East.

Product range of the company includes:

It is involved in manufacturing, selling and exporting readymade garments. The company produces 600 jackets and 800 pairs of trousers in a single eight hour shift. It sources fabrics from all over the world, including Italy, Japan and South Korea, apart from tie-ups with the Indian mills.
  • Jackets
  • Suits
  • Trousers
  • Shirts
  • For very upscale consumers, Givo Ltd has brand  called Principe, which sells in the price bracket of Rs 15,000-Rs 25,000 per suit.

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