Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vivaa Tradecom Ltd is a below average quality company.
The key valuation ratios of Vivaa Tradecom 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 Vivaa Tradecom 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 % ⓘ | 9% | 4.7% | 4.5% | 4.5% | 4.6% | - |
| Value Creation Index ⓘ | -0.4 | -0.7 | -0.7 | -0.7 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 98.2 | 146 | 243 | 134 | 198 | 198 |
| Sales YoY Gr. | - | 49.1% | 66.1% | -44.9% | 48.1% | - |
| Adj EPS ⓘ | 3.4 | -0.8 | -19.9 | 1.3 | 1.8 | 1.8 |
| YoY Gr. | - | -123% | NA | NA | 33.8% | - |
| BVPS (₹) ⓘ | 94.7 | 94.1 | 97.9 | 52.1 | 53.4 | 53.4 |
| Adj Net Profit ⓘ | 0.4 | -0.1 | -2.4 | 0.3 | 0.7 | 1 |
| Cash Flow from Ops. ⓘ | 6.2 | 0 | -4.5 | 1.6 | -7.7 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 6158.6 | -2.5 | 2.9 | -0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 10.7% | 48.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | 33.8% | ||||
| BVPSⓘ | NA | NA | -17.2% | 2.6% | ||||
| Share Price | - | - | - | 46% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.6 | -0.8 | -20.7 | 2.6 | 4.2 | 3.3 |
| Op. Profit Mgn % ⓘ | 3.4 | 1 | -0.7 | 0.8 | 0.5 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | -0.1 | -1 | 0.2 | 0.4 | 0.4 |
| Debt to Equity ⓘ | 1.1 | 1.2 | 1 | 0.4 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 151 | 136 | 197 | 100 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 25 | 26 | 37 | 31 | 0 |
Return on Equity has increased versus last 3 years average to 3.30%
Sales growth is growing at healthy rate in last 3 years 10.66%
Debt to equity has declined versus last 3 years average to 0.20
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.8 | - |
| TTM Sales (₹ Cr.) | 198 | - |
| BVPS (₹.) ⓘ | 53.4 | - |
| Reserves (₹ Cr.) ⓘ | 17 | - |
| P/BV ⓘ | 0.83 | - |
| PE ⓘ | 25.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 22.55 / 52.50 |
| All Time Low / High (₹) | 22.55 / 52.50 |
| Market Cap (₹ Cr.) | 17.5 |
| Equity (₹ Cr.) | 3.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.6 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 98.20 | 146.41 | 243.20 | 134.02 | 198.41 |
| Operating Expenses ⓘ | 94.83 | 145 | 245.01 | 132.94 | 197.39 |
| Manufacturing Costs | 12.96 | 9.99 | 16.96 | 0 | 0 |
| Material Costs | 66.82 | 124.99 | 212.48 | 132.38 | 189.89 |
| Employee Cost | 10.92 | 7.01 | 10.82 | 0.20 | 0.22 |
| Other Costs ⓘ | 4.13 | 3.01 | 4.75 | 0.36 | 7.28 |
| Operating Profit ⓘ | 3.37 | 1.42 | -1.81 | 1.08 | 1.01 |
| Operating Profit Margin (%) | 3.4% | 1.0% | -0.7% | 0.8% | 0.5% |
| Other Income ⓘ | 0.03 | 0.93 | 4.08 | 0.01 | 0.07 |
| Interest ⓘ | 1.55 | 1.16 | 0.85 | 0.48 | 0.03 |
| Depreciation ⓘ | 1.23 | 1.21 | 1.21 | 0.19 | 0.10 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.63 | -0.02 | 0.21 | 0.42 | 0.94 |
| Tax ⓘ | 0.21 | 0.05 | -0.23 | 0.12 | 0.24 |
| Profit After Tax | 0.42 | -0.06 | 0.44 | 0.30 | 0.70 |
| PAT Margin (%) | 0.4% | 0.0% | 0.2% | 0.2% | 0.4% |
| Adjusted EPS (₹) | 3.5 | -0.6 | 3.7 | 1.3 | 1.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11.25 | 11.19 | 11.63 | 12.35 | 21.04 | |||||
| Share Capital ⓘ | 0.02 | 0.02 | 0.02 | 2.37 | 3.94 | |||||
| Reserves ⓘ | 11.23 | 11.16 | 11.61 | 9.98 | 17.10 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 12.82 | 13.55 | 11.13 | 4.30 | 4.13 | |||||
| Long Term Debt | 1.02 | 1.84 | 1.31 | 4.13 | 4.13 | |||||
| Short Term Debt | 11.80 | 11.71 | 9.82 | 0.18 | 0 | |||||
| Trade Payables | 21.51 | 65.69 | 74.20 | 31.51 | 36.06 | |||||
| Others Liabilities ⓘ | 3.63 | 3.88 | 1.07 | 1.08 | 1.56 | |||||
| Total Liabilities ⓘ | 49.21 | 94.30 | 98.03 | 49.25 | 62.79 | |||||
Fixed Assets | ||||||||||
| Gross Block | 17.10 | 16.79 | 1.99 | 2.11 | 2.12 | |||||
| Accumulated Depreciation | 5.79 | 6.59 | 0.85 | 0.92 | 1.03 | |||||
| Net Fixed Assetsⓘ | 11.31 | 10.20 | 1.14 | 1.18 | 1.09 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0 | 0 | |||||
| Inventories | 21.66 | 19 | 20.64 | 18.89 | 19.88 | |||||
| Trade Receivables | 9.83 | 58.91 | 70.72 | 25.25 | 37.47 | |||||
| Cash Equivalents | 0.44 | 0.09 | 0.03 | 0.13 | 0.37 | |||||
| Others Assetsⓘ | 5.96 | 6.09 | 5.50 | 3.78 | 3.97 | |||||
| Total Assets ⓘ | 49.21 | 94.30 | 98.03 | 49.25 | 62.79 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6.16 | 0 | -4.54 | 1.59 | -7.71 |
| PBT ⓘ | 0.63 | -0.02 | 0.21 | 0.42 | 0.94 |
| Adjustment ⓘ | 2.70 | 2.19 | 2.04 | 0.68 | 0.13 |
| Changes in Working Capital ⓘ | 3.16 | -2.17 | -6.55 | 0.5 | -8.79 |
| Tax Paid ⓘ | -0.32 | 0 | -0.23 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1.58 | -0.08 | 7.75 | -1.25 | -0.01 |
| Capex | -0.75 | -0.09 | 7.86 | 0 | -0.01 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.83 | 0.02 | -0.11 | -1.25 | 0 |
| Cash Flow From Financing Activityⓘ | -4.49 | -0.27 | -3.27 | -0.24 | 7.96 |
| Net Proceeds from Shares ⓘ | 4.99 | 0 | 0 | 0.23 | 7.99 |
| Net Proceeds from Borrowing ⓘ | -12.37 | 0.82 | -0.53 | 0 | 0 |
| Interest Paid ⓘ | -1.15 | -1 | -0.85 | -0.47 | -0.03 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.05 | -0.10 | -1.89 | 0 | 0 |
| Net Cash Flow ⓘ | 0.10 | -0.35 | -0.06 | 0.10 | 0.24 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.71 | -0.58 | 3.89 | 2.5 | 4.2 | |||||
| ROCE (%) | 9.03 | 4.69 | 4.48 | 4.53 | 4.62 | |||||
| Asset Turnover Ratio | 2 | 2.04 | 2.53 | 1.82 | 3.54 | |||||
| PAT to CFO Conversion(x) | 14.67 | N/A | -10.32 | 5.3 | -11.01 | Working Capital Days | ||||
| Receivable Days | 37 | 86 | 97 | 131 | 58 | |||||
| Inventory Days | 80 | 51 | 30 | 54 | 36 | |||||
| Payable Days | 117 | 127 | 120 | 146 | 65 | |||||
Vivaa Tradecom was originally incorporated as ‘Anantnath Infracon Private Limted’ under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated April 23, 2010 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the name of the company has changed from ‘Anantnath Infracon Private Limted’ to ‘Vivaa Tradecom Private Limited’ vide Fresh Certificate of Incorporation dated September 06, 2012. Further, the company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on December 02, 2022 and consequently the name of the company was changed to ‘Vivaa Tradecom Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated December 14, 2022.
The company was engaged in the trading of Textile Fabrics and Readymade Garments. In the year 2013, the company had acquired the ongoing manufacturing business of Readymade Garments under Slump Sale Agreement from M/s Parikh Impex along with goodwill, brand name and knowhow and the entire assets and liabilities along with their trained labourer. The company is engaged in the manufacturing as well as trading of Cloths and Garments. It was selling readymade garments to various reputed clients on Pan India basis Lifestyle International, Aditya Birla Fashion and Retail, Lajja Polyfab, Nandan Denim, Bajaj Impex, Reliance Retailes etc were the some of its reputed clients. Denim jeans garments and denim cloths was one of its most traded segment. It is directly purchasing readymade garments and cotton and Jeans garments from the market and sale it to its customers. From April 2022 its major business is with the Ahmedabad based buyer and seller.
In most of the cases its purchases are based on the order received by it from its clients, however sometimes, looking to the market supply and demand position, it purchases and store the garments and cloths in view get better margin. He has gained rich knowledge and knows all the intricacies of the trading business. Generally, it is purchasing its trading materials above100 days credit and it is also selling it to its customers above 100 days credit. Its major trading activities are now a day is concentrated within the Gujarat.
Business area of the company
The company is mainly engaged in the business of Manufacturing and trading of garment products, fabric offline as well as online including trims and jobwork in fabric etc.
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