Virat Industries Ltd
Incorporated in 1995, Virat Industries Ltd is a manufacturer and Exporter of premium quality of dress and sport socks for Men, Ladies and Children[1]
- Market Cap ₹ 71.8 Cr.
- Current Price ₹ 146
- High / Low ₹ 250 / 134
- Stock P/E 60.3
- Book Value ₹ 52.6
- Dividend Yield 0.00 %
- ROCE 9.14 %
- ROE 6.63 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 60.2 to 45.6 days.
Cons
- Stock is trading at 2.77 times its book value
- The company has delivered a poor sales growth of 2.02% over past five years.
- Promoter holding is low: 27.2%
- Company has a low return on equity of 5.38% over last 3 years.
- Earnings include an other income of Rs.1.07 Cr.
- Promoter holding has decreased over last 3 years: -20.3%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
16.35 | 20.70 | 21.63 | 20.53 | 25.75 | 25.67 | 34.09 | 24.13 | 26.38 | 19.56 | 24.66 | 37.68 | 36.64 | |
13.94 | 16.98 | 16.58 | 16.91 | 20.61 | 20.55 | 28.95 | 21.18 | 23.19 | 17.47 | 21.78 | 34.62 | 34.53 | |
Operating Profit | 2.41 | 3.72 | 5.05 | 3.62 | 5.14 | 5.12 | 5.14 | 2.95 | 3.19 | 2.09 | 2.88 | 3.06 | 2.11 |
OPM % | 14.74% | 17.97% | 23.35% | 17.63% | 19.96% | 19.95% | 15.08% | 12.23% | 12.09% | 10.69% | 11.68% | 8.12% | 5.76% |
0.49 | 0.51 | 0.88 | 0.53 | 0.60 | 1.36 | 1.57 | 0.14 | 0.78 | 0.66 | 0.48 | 0.73 | 1.07 | |
Interest | 0.09 | 0.10 | 0.11 | 0.09 | 0.04 | 0.08 | 0.14 | 0.10 | 0.05 | 0.06 | 0.03 | 0.07 | 0.05 |
Depreciation | 0.80 | 0.85 | 0.95 | 1.04 | 1.22 | 1.36 | 1.62 | 1.94 | 1.91 | 1.76 | 1.60 | 1.54 | 1.52 |
Profit before tax | 2.01 | 3.28 | 4.87 | 3.02 | 4.48 | 5.04 | 4.95 | 1.05 | 2.01 | 0.93 | 1.73 | 2.18 | 1.61 |
Tax % | 30.35% | 32.62% | 32.44% | 31.13% | 32.59% | 29.96% | 29.90% | 39.05% | 25.87% | 13.98% | 21.39% | 25.69% | |
1.39 | 2.22 | 3.28 | 2.08 | 3.02 | 3.52 | 3.47 | 0.65 | 1.48 | 0.79 | 1.35 | 1.62 | 1.19 | |
EPS in Rs | 2.82 | 4.51 | 6.66 | 4.22 | 6.13 | 7.15 | 7.05 | 1.32 | 3.01 | 1.60 | 2.74 | 3.29 | 2.42 |
Dividend Payout % | 42.47% | 33.24% | 27.00% | 42.58% | 40.73% | 34.94% | 21.27% | 0.00% | 0.00% | 0.00% | 36.44% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 2% |
3 Years: | 13% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -14% |
3 Years: | 3% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 21% |
3 Years: | 64% |
1 Year: | -29% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 |
Reserves | 3.80 | 5.15 | 7.40 | 8.35 | 9.89 | 13.53 | 15.52 | 15.29 | 16.79 | 17.61 | 18.93 | 20.07 | 20.97 |
1.02 | 1.26 | 1.95 | 0.62 | 0.45 | 0.45 | 2.08 | 0.48 | 1.43 | 0.32 | 0.24 | 0.16 | 0.70 | |
3.16 | 3.51 | 3.30 | 3.36 | 3.95 | 2.98 | 4.62 | 3.44 | 3.42 | 2.73 | 3.76 | 5.47 | 6.08 | |
Total Liabilities | 12.90 | 14.84 | 17.57 | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 32.67 |
4.89 | 5.73 | 5.98 | 5.45 | 6.07 | 8.77 | 10.81 | 10.43 | 9.32 | 7.43 | 5.83 | 4.60 | 5.31 | |
CWIP | 0.00 | 0.45 | 0.13 | 0.00 | 0.00 | 0.03 | 1.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.25 | 0.27 | 0.26 | 0.25 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
8.01 | 8.41 | 11.19 | 11.54 | 12.89 | 12.83 | 15.13 | 13.70 | 17.24 | 18.15 | 22.02 | 26.02 | 27.36 | |
Total Assets | 12.90 | 14.84 | 17.57 | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 32.67 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.65 | 2.18 | 1.97 | 3.95 | 5.23 | 1.70 | 1.61 | 3.15 | 1.47 | 4.20 | 0.05 | -1.72 | |
-0.94 | -1.64 | -1.60 | -0.70 | -4.27 | -0.83 | -2.90 | -0.95 | -1.74 | 0.25 | 0.04 | 0.27 | |
-0.99 | -0.51 | -0.26 | -2.42 | -1.06 | -1.71 | 1.53 | -2.27 | 0.88 | -1.20 | -0.14 | -0.66 | |
Net Cash Flow | -0.28 | 0.03 | 0.11 | 0.83 | -0.09 | -0.84 | 0.24 | -0.07 | 0.61 | 3.26 | -0.06 | -2.11 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 34.83 | 27.51 | 35.77 | 15.65 | 7.37 | 29.43 | 29.77 | 50.37 | 49.81 | 78.00 | 56.98 | 45.62 |
Inventory Days | 181.19 | 197.55 | 270.56 | 296.87 | 221.09 | 306.34 | 219.00 | 227.89 | 268.93 | 274.45 | 321.50 | 343.39 |
Days Payable | 68.93 | 67.95 | 73.00 | 68.13 | 66.74 | 103.82 | 102.37 | 85.51 | 57.86 | 52.01 | 73.58 | 90.34 |
Cash Conversion Cycle | 147.09 | 157.10 | 233.33 | 244.38 | 161.72 | 231.95 | 146.39 | 192.75 | 260.88 | 300.44 | 304.91 | 298.67 |
Working Capital Days | 81.71 | 70.53 | 94.67 | 82.32 | 31.89 | 91.57 | 94.54 | 134.32 | 146.25 | 166.27 | 170.81 | 157.02 |
ROCE % | 21.74% | 32.08% | 38.91% | 22.09% | 31.29% | 31.26% | 24.63% | 5.74% | 9.40% | 4.17% | 7.50% | 9.14% |
Documents
Announcements
- Compliance-Reg. 40(10) Of SEBI(LODR) Regulations, 2015 For The Year Ended On 31/03/2024. 12 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31/03/2024 has been attached.
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended On 31/03/2024. 9 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 5 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 26 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company manufactures socks for export to the European market through computerized electronic knitting machines by Lonati and Matec, Italy and KTM, Korea supported with balancing equipment from Spain and other European markets