Euro Leder Fashion Ltd

Euro Leder Fashion Ltd

₹ 22.0 -7.89%
18 Apr - close price
About

Incorporated in 1992, Euro Leder Fashion Ltd is involved in manufacturing and export of Leather Jackets and finished Leather products.

Key Points

Product Portfolio:
a) Jackets:[1] Biker Jackets, Bomber Jackets, Blazers, Dresses, Skirts, Shorts, Pants, Scarfs, Long coats, Skirts, Pants etc. Company also produces Leather Jackets and other Leather Garments with Embroidery, Laser cutting works, Embossing, Patch works, etc. besides Washes based on the buyers requirements.
b) Bags[2]

  • Market Cap 9.86 Cr.
  • Current Price 22.0
  • High / Low 28.4 / 15.9
  • Stock P/E 26.6
  • Book Value 32.0
  • Dividend Yield 0.00 %
  • ROCE 5.49 %
  • ROE 2.66 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.69 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.2% over past five years.
  • Company has a low return on equity of 2.25% over last 3 years.
  • Contingent liabilities of Rs.9.43 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.38 Cr.
  • Debtor days have increased from 77.2 to 104 days.

* 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: Leather Industry: Leather / Leather Products

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Quarterly Results

Figures in Rs. Crores

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
11.26 8.05 8.16 8.27 7.05 10.35 7.54 8.73 8.44 14.53 8.55 8.74 7.45
11.05 8.67 8.46 8.77 7.04 10.93 7.64 8.53 8.01 14.88 8.15 8.76 7.11
Operating Profit 0.21 -0.62 -0.30 -0.50 0.01 -0.58 -0.10 0.20 0.43 -0.35 0.40 -0.02 0.34
OPM % 1.87% -7.70% -3.68% -6.05% 0.14% -5.60% -1.33% 2.29% 5.09% -2.41% 4.68% -0.23% 4.56%
0.25 1.71 0.67 0.96 0.43 1.49 0.41 0.48 0.26 1.12 0.31 0.79 0.16
Interest 0.16 0.93 0.20 0.20 0.20 0.62 0.07 0.39 0.45 0.51 0.47 0.53 0.25
Depreciation 0.16 0.09 0.10 0.16 0.11 0.19 0.14 0.14 0.14 0.10 0.11 0.11 0.11
Profit before tax 0.14 0.07 0.07 0.10 0.13 0.10 0.10 0.15 0.10 0.16 0.13 0.13 0.14
Tax % 21.43% 228.57% -0.00% -0.00% 23.08% 60.00% 10.00% 13.33% -0.00% 68.75% 15.38% 30.77% 28.57%
0.11 -0.09 0.07 0.10 0.10 0.04 0.09 0.13 0.10 0.06 0.12 0.10 0.09
EPS in Rs 0.25 -0.20 0.16 0.22 0.22 0.09 0.20 0.29 0.22 0.13 0.27 0.22 0.20
Raw PDF

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
46.78 38.33 63.39 50.34 61.74 80.13 82.59 79.05 61.41 38.18 36.26 40.71 39.27
45.12 37.97 64.39 49.78 60.87 79.86 81.56 78.01 60.90 37.02 35.22 39.04 38.90
Operating Profit 1.66 0.36 -1.00 0.56 0.87 0.27 1.03 1.04 0.51 1.16 1.04 1.67 0.37
OPM % 3.55% 0.94% -1.58% 1.11% 1.41% 0.34% 1.25% 1.32% 0.83% 3.04% 2.87% 4.10% 0.94%
-0.00 0.23 5.89 0.99 1.42 2.54 1.87 1.98 1.58 1.09 1.13 0.78 2.38
Interest 1.06 0.63 0.95 0.86 1.29 1.54 1.45 1.57 0.83 1.33 1.22 1.42 1.76
Depreciation 0.16 0.17 0.18 0.20 0.37 0.31 0.38 0.47 0.46 0.51 0.55 0.51 0.43
Profit before tax 0.44 -0.21 3.76 0.49 0.63 0.96 1.07 0.98 0.80 0.41 0.40 0.52 0.56
Tax % 36.36% -4.76% 6.12% 42.86% 28.57% 35.42% 33.64% 57.14% 40.00% 46.34% 22.50% 26.92%
0.28 -0.23 3.54 0.28 0.45 0.62 0.71 0.42 0.48 0.21 0.31 0.38 0.37
EPS in Rs 0.63 -0.51 7.91 0.63 1.01 1.39 1.59 0.94 1.07 0.47 0.69 0.85 0.82
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: -13%
3 Years: -13%
TTM: 12%
Compounded Profit Growth
10 Years: 14%
5 Years: -13%
3 Years: -8%
TTM: 3%
Stock Price CAGR
10 Years: 8%
5 Years: %
3 Years: %
1 Year: 8%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 3%

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 3.40 3.40 3.40 3.64 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91
Reserves 3.03 2.80 6.34 6.62 7.07 7.69 8.40 8.82 9.30 9.51 9.82 10.20 10.41
5.42 13.95 14.44 11.07 14.81 16.76 15.76 18.58 17.60 19.21 18.50 23.92 19.69
3.44 5.64 8.83 7.07 10.29 17.71 25.69 21.45 21.24 16.26 12.24 14.45 13.98
Total Liabilities 15.29 25.79 33.01 28.40 36.08 46.07 53.76 52.76 52.05 48.89 44.47 52.48 47.99
2.32 2.43 1.84 1.89 2.13 11.37 13.02 14.77 15.08 15.86 15.35 14.84 14.82
CWIP 0.17 0.17 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19
Investments -0.00 0.05 0.10 0.18 0.24 1.22 1.27 1.37 1.53 1.78 1.41 1.50 1.02
12.80 23.14 30.88 26.14 33.52 33.29 39.28 36.43 35.25 31.06 27.52 35.95 31.96
Total Assets 15.29 25.79 33.01 28.40 36.08 46.07 53.76 52.76 52.05 48.89 44.47 52.48 47.99

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
-2.25 -8.13 4.60 4.20 2.23 6.51 1.93 -0.37 3.10 1.54 -1.14 -3.27
-0.31 -0.28 0.39 -0.25 -0.68 -9.58 -2.09 -2.25 -0.77 -1.34 -0.05 0.01
2.42 8.21 -0.04 -3.88 2.75 0.81 -1.95 1.64 -1.60 0.28 -1.92 4.00
Net Cash Flow -0.14 -0.20 4.95 0.06 4.29 -2.26 -2.11 -0.99 0.72 0.48 -3.11 0.75

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 32.85 111.79 75.60 60.40 86.61 65.73 57.76 66.17 69.01 66.25 60.90 104.45
Inventory Days 56.86 79.97 45.26 59.27 28.60 26.38 53.37 63.92 107.29 226.46 238.96 244.36
Days Payable 32.47 27.55 25.49 20.38 15.28 61.55 95.72 104.94 125.17 82.01 75.07 86.59
Cash Conversion Cycle 57.23 164.22 95.38 99.28 99.94 30.56 15.41 25.14 51.12 210.70 224.80 262.22
Working Capital Days 61.48 153.98 91.03 99.70 72.36 29.79 30.05 46.31 51.71 107.36 116.47 161.39
ROCE % 14.94% 2.81% 7.35% 6.11% 8.49% 9.34% 9.14% 8.66% 5.25% 5.64% 5.00% 5.49%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.80% 40.78% 40.78% 40.78% 40.90% 40.90% 40.90% 40.94% 40.94% 40.92% 41.03% 41.01%
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
58.80% 58.83% 58.83% 58.83% 58.70% 58.70% 58.71% 58.67% 58.66% 58.68% 58.57% 58.59%
No. of Shareholders 4,6974,7804,9395,0555,0515,0294,9664,9754,9755,0425,0615,113

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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