Virat Industries Ltd

Virat Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Virat Industries Ltd

₹ 131 0.54%
18 Sep - close price
viratindustries.com BSE: 530521
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

Website BSE
  • Market Cap ₹ 64.4 Cr.
  • Current Price ₹ 131
  • High / Low ₹ 244 / 127
  • Stock P/E 146
  • Book Value ₹ 52.0
  • Dividend Yield 0.00 %
  • ROCE 3.72 %
  • ROE 2.69 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.52 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 27.2%
  • Company has a low return on equity of 5.01% over last 3 years.
  • Earnings include an other income of Rs.0.97 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

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
3.20 7.49 7.12 6.85 5.57 8.04 14.14 9.94 9.85 8.39 8.46 5.73 5.99
3.01 6.32 6.15 6.29 5.32 7.08 13.14 9.09 8.97 7.80 8.67 5.43 5.54
Operating Profit 0.19 1.17 0.97 0.56 0.25 0.96 1.00 0.85 0.88 0.59 -0.21 0.30 0.45
OPM % 5.94% 15.62% 13.62% 8.18% 4.49% 11.94% 7.07% 8.55% 8.93% 7.03% -2.48% 5.24% 7.51%
0.11 0.04 0.05 0.28 0.21 0.03 0.24 0.26 0.18 0.23 0.40 0.18 0.16
Interest 0.01 0.01 0.01 0.01 0.01 0.02 0.04 0.01 0.01 0.01 0.02 0.02 0.02
Depreciation 0.40 0.40 0.40 0.40 0.38 0.38 0.38 0.39 0.37 0.37 0.39 0.32 0.30
Profit before tax -0.11 0.80 0.61 0.43 0.07 0.59 0.82 0.71 0.68 0.44 -0.22 0.14 0.29
Tax % -81.82% 25.00% 34.43% 11.63% -14.29% 22.03% 31.71% 25.35% 22.06% 18.18% 4.55% 28.57% 27.59%
-0.02 0.60 0.40 0.38 0.07 0.46 0.56 0.54 0.53 0.36 -0.24 0.10 0.22
EPS in Rs -0.04 1.22 0.81 0.77 0.14 0.93 1.14 1.10 1.08 0.73 -0.49 0.20 0.45
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
20.70 21.63 20.53 25.75 25.67 34.09 24.13 26.38 19.56 24.66 37.68 32.42 28.57
16.98 16.58 16.91 20.61 20.55 28.95 21.18 23.19 17.47 21.78 34.62 30.88 27.44
Operating Profit 3.72 5.05 3.62 5.14 5.12 5.14 2.95 3.19 2.09 2.88 3.06 1.54 1.13
OPM % 17.97% 23.35% 17.63% 19.96% 19.95% 15.08% 12.23% 12.09% 10.69% 11.68% 8.12% 4.75% 3.96%
0.51 0.88 0.53 0.60 1.36 1.57 0.14 0.78 0.66 0.48 0.73 0.99 0.97
Interest 0.10 0.11 0.09 0.04 0.08 0.14 0.10 0.05 0.06 0.03 0.07 0.05 0.07
Depreciation 0.85 0.95 1.04 1.22 1.36 1.62 1.94 1.91 1.76 1.60 1.54 1.45 1.38
Profit before tax 3.28 4.87 3.02 4.48 5.04 4.95 1.05 2.01 0.93 1.73 2.18 1.03 0.65
Tax % 32.62% 32.44% 31.13% 32.59% 29.96% 29.90% 39.05% 25.87% 13.98% 21.39% 25.69% 26.21%
2.22 3.28 2.08 3.02 3.52 3.47 0.65 1.48 0.79 1.35 1.62 0.76 0.44
EPS in Rs 4.51 6.66 4.22 6.13 7.15 7.05 1.32 3.01 1.60 2.74 3.29 1.54 0.89
Dividend Payout % 33.24% 27.00% 42.58% 40.73% 34.94% 21.27% 0.00% 0.00% 0.00% 36.44% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 18%
TTM: -32%
Compounded Profit Growth
10 Years: -15%
5 Years: -1%
3 Years: -4%
TTM: -79%
Stock Price CAGR
10 Years: 10%
5 Years: 23%
3 Years: 41%
1 Year: -44%
Return on Equity
10 Years: 9%
5 Years: 5%
3 Years: 5%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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
Reserves 5.15 7.40 8.35 9.89 13.53 15.52 15.29 16.79 17.61 18.93 20.07 20.70
1.26 1.95 0.62 0.45 0.45 2.08 0.48 1.43 0.32 0.24 0.16 0.79
3.51 3.30 3.36 3.95 2.98 4.62 3.44 3.42 2.73 3.76 5.47 4.95
Total Liabilities 14.84 17.57 17.25 19.21 21.88 27.14 24.13 26.56 25.58 27.85 30.62 31.36
5.73 5.98 5.45 6.07 8.77 10.81 10.43 9.32 7.43 5.83 4.60 4.61
CWIP 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 0.25 0.27 0.26 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
8.41 11.19 11.54 12.89 12.83 15.13 13.70 17.24 18.15 22.02 26.02 26.75
Total Assets 14.84 17.57 17.25 19.21 21.88 27.14 24.13 26.56 25.58 27.85 30.62 31.36

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.18 1.97 3.95 5.23 1.70 1.61 3.15 1.47 4.20 0.05 -1.72 5.22
-1.64 -1.60 -0.70 -4.27 -0.83 -2.90 -0.95 -1.74 0.25 0.04 0.27 -5.36
-0.51 -0.26 -2.42 -1.06 -1.71 1.53 -2.27 0.88 -1.20 -0.14 -0.66 0.52
Net Cash Flow 0.03 0.11 0.83 -0.09 -0.84 0.24 -0.07 0.61 3.26 -0.06 -2.11 0.38

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27.51 35.77 15.65 7.37 29.43 29.77 50.37 49.81 78.00 56.98 45.62 53.25
Inventory Days 197.55 270.56 296.87 221.09 306.34 219.00 227.89 268.93 274.45 321.50 343.39 246.53
Days Payable 67.95 73.00 68.13 66.74 103.82 102.37 85.51 57.86 52.01 73.58 90.34 42.52
Cash Conversion Cycle 157.10 233.33 244.38 161.72 231.95 146.39 192.75 260.88 300.44 304.91 298.67 257.26
Working Capital Days 70.53 94.67 82.32 31.89 91.57 94.54 134.32 146.25 166.27 170.81 157.02 142.08
ROCE % 32.08% 38.91% 22.09% 31.29% 31.26% 24.63% 5.74% 9.40% 4.17% 7.50% 9.14% 3.72%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
47.50% 47.50% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.19% 27.20% 27.20%
0.00% 0.00% 0.00% 0.00% 0.06% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
52.44% 52.50% 72.81% 72.81% 72.74% 72.30% 72.31% 72.30% 72.31% 72.30% 72.29% 72.29%
No. of Shareholders 2,6862,5422,3752,2692,2262,0812,0221,9941,9981,9562,0451,995

* 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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Documents

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