Cravatex Ltd

Cravatex Ltd

₹ 437 -0.27%
28 Mar - close price
About

Incorporated in 1951, Cravatex Ltd is in the business of Branded sports goods, wellness and fitness equipment with servicing[1]

Key Points

Business Overview:[1]
Company is a holding company of The Batra Group. It used to own a chain of dry cleaners in India and subsequently diversified into Garment Export, Textile Processing and Printing. At present, company is a Retail, Brand Licensing, Distribution & Sourcing company

  • Market Cap 113 Cr.
  • Current Price 437
  • High / Low 686 / 285
  • Stock P/E 14.6
  • Book Value 368
  • Dividend Yield 0.34 %
  • ROCE -24.1 %
  • ROE -212 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Debtor days have improved from 66.3 to 19.0 days.
  • Company's working capital requirements have reduced from 51.4 days to 16.2 days

Cons

  • The company has delivered a poor sales growth of 7.20% over past five years.
  • Earnings include an other income of Rs.20.0 Cr.

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
154.31 164.55 123.54 156.74 159.43 154.61 162.40 170.42 87.10 83.74 56.60 57.45 37.90
149.57 172.76 128.24 156.74 157.20 150.76 166.43 176.91 103.63 87.03 56.42 59.62 41.69
Operating Profit 4.74 -8.21 -4.70 0.00 2.23 3.85 -4.03 -6.49 -16.53 -3.29 0.18 -2.17 -3.79
OPM % 3.07% -4.99% -3.80% 0.00% 1.40% 2.49% -2.48% -3.81% -18.98% -3.93% 0.32% -3.78% -10.00%
2.44 6.48 2.38 2.29 2.12 3.14 1.50 2.52 107.57 6.59 1.58 6.03 5.82
Interest 3.57 3.28 3.15 3.01 3.32 4.00 3.69 4.86 3.51 1.31 0.08 0.08 0.13
Depreciation 4.35 4.20 4.14 4.15 4.13 3.95 3.94 8.85 2.91 0.44 0.47 0.53 0.49
Profit before tax -0.74 -9.21 -9.61 -4.87 -3.10 -0.96 -10.16 -17.68 84.62 1.55 1.21 3.25 1.41
Tax % -212.16% 31.05% -14.46% -23.82% -18.06% 184.38% -9.25% -8.54% -0.90% -147.74% 64.46% 4.00% 43.97%
-2.30 -6.36 -11.00 -6.04 -3.66 0.82 -11.11 -19.18 85.38 3.84 0.42 3.11 0.79
EPS in Rs -8.90 -24.61 -42.57 -23.37 -14.16 3.17 -42.99 -74.22 330.39 14.86 1.63 12.03 3.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
239 220 244 232 255 266 356 718 865 532 594 504 236
225 207 230 218 249 271 361 694 843 543 592 533 245
Operating Profit 14 12 13 14 6 -5 -6 24 21 -11 2 -30 -9
OPM % 6% 6% 5% 6% 2% -2% -2% 3% 2% -2% 0% -6% -4%
4 5 4 3 3 4 4 4 5 13 10 118 20
Interest 4 5 8 10 13 11 5 6 14 15 14 14 2
Depreciation 1 1 3 4 3 3 6 6 15 17 16 16 2
Profit before tax 14 10 7 3 -7 -15 -12 17 -2 -30 -19 58 7
Tax % 32% 27% 27% 28% -8% 9% -2% 37% -95% -3% -7% -1%
9 7 5 2 -8 -14 -12 11 -5 -31 -20 59 8
EPS in Rs 35.56 28.87 18.88 9.25 -30.65 -53.67 -47.75 41.25 -18.23 -118.45 -76.97 228.04 31.58
Dividend Payout % 10% 12% 18% 22% 0% 0% -2% 5% -16% -3% -4% 1%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: -16%
TTM: -59%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 116%
Stock Price CAGR
10 Years: 5%
5 Years: 9%
3 Years: 16%
1 Year: 45%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -212%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 30 36 40 41 33 19 7 17 -4 -31 -52 90 93
Preference Capital 0 0 0 0 0 0 64 65 64 84 80 0
28 46 67 66 72 135 41 52 138 71 88 0 0
48 59 51 54 67 63 158 228 305 343 327 44 37
Total Liabilities 108 143 160 164 175 220 208 299 442 385 365 137 132
13 31 29 29 28 53 48 48 92 76 62 8 10
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 6 1 25 15 5 5 8
95 112 131 135 147 167 155 250 325 294 298 124 114
Total Assets 108 143 160 164 175 220 208 299 442 385 365 137 132

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 35 -13 -5 32 -4 -8 144
0 0 -24 -4 3 -37 21 14 42
0 0 38 -34 -0 37 -21 -4 -168
Net Cash Flow 0 0 50 -51 -2 32 -4 3 18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 70 96 113 115 106 84 106 76 72 98 82 19
Inventory Days 75 87 87 124 124 84 53 60 49 85 84 29
Days Payable 41 51 61 66 71 65 89 16 25 23 36 21
Cash Conversion Cycle 104 132 139 173 159 102 70 120 95 160 130 27
Working Capital Days 74 89 111 126 110 71 62 44 46 72 66 16
ROCE % 34% 21% 15% 12% 5% -3% -6% 18% 6% -6% -2% -24%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.01% 24.99% 25.00% 24.99% 25.00% 24.99%
No. of Shareholders 1,8091,8501,8201,7491,7221,7111,6971,7841,7752,1142,0982,119

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