Virat Industries Ltd

Virat Industries Ltd

₹ 145 -0.31%
12 Apr - close price
About

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]

Key Points

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

  • Market Cap 71.5 Cr.
  • Current Price 145
  • High / Low 250 / 134
  • Stock P/E 60.1
  • 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 2.76 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

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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
6.60 4.81 3.20 7.49 7.12 6.85 5.57 8.04 14.14 9.94 9.85 8.39 8.46
5.74 4.58 3.01 6.32 6.15 6.29 5.32 7.08 13.14 9.09 8.97 7.80 8.67
Operating Profit 0.86 0.23 0.19 1.17 0.97 0.56 0.25 0.96 1.00 0.85 0.88 0.59 -0.21
OPM % 13.03% 4.78% 5.94% 15.62% 13.62% 8.18% 4.49% 11.94% 7.07% 8.55% 8.93% 7.03% -2.48%
0.27 0.13 0.11 0.04 0.05 0.28 0.21 0.03 0.24 0.26 0.18 0.23 0.40
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.04 0.01 0.01 0.01 0.02
Depreciation 0.46 0.46 0.40 0.40 0.40 0.40 0.38 0.38 0.38 0.39 0.37 0.37 0.39
Profit before tax 0.66 -0.11 -0.11 0.80 0.61 0.43 0.07 0.59 0.82 0.71 0.68 0.44 -0.22
Tax % 28.79% 36.36% 81.82% 25.00% 34.43% 11.63% -14.29% 22.03% 31.71% 25.35% 22.06% 18.18% -4.55%
0.47 -0.05 -0.02 0.60 0.40 0.38 0.07 0.46 0.56 0.54 0.53 0.36 -0.24
EPS in Rs 0.95 -0.10 -0.04 1.22 0.81 0.77 0.14 0.93 1.14 1.10 1.08 0.73 -0.49
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
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: 16%
5 Years: 21%
3 Years: 65%
1 Year: -31%
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%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.50% 47.50% 47.50% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.20%
0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
0.06% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
52.44% 52.44% 52.50% 72.81% 72.81% 72.74% 72.30% 72.31% 72.30% 72.31% 72.30% 72.29%
No. of Shareholders 2,6182,6862,5422,3752,2692,2262,0812,0221,9941,9981,9562,045

* 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.

Click on the line-items to see the names of individual entities.

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