Ceenik Exports (India) Ltd

Ceenik Exports (India) Ltd

₹ 261 1.99%
01 Mar 2:13 p.m.
About

Incorporated in 1995, Ceenik Exports Ltd is in business of Garment Manufacturing and Renting of Immovable property[1][2]

Key Points

Product Profile:[1]
a) Knitted Fabric
b) Dyeing Machine
c) Fabric Printing
d) Denim Jean
e) Denim Narrow Fitting Jeans
f) Denim Stretchable Fitting Jeans
g) T Shirt
h) Denim Jacket
i) Men's Garment

  • Market Cap 87.5 Cr.
  • Current Price 261
  • High / Low 261 / 9.76
  • Stock P/E
  • Book Value 24.1
  • Dividend Yield 0.00 %
  • ROCE 3.84 %
  • ROE -5.84 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 0.86% over last quarter.

Cons

  • Stock is trading at 10.9 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -55.9% over past five years.
  • Company has a low return on equity of -6.84% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.47%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.14 0.59 0.18 0.11 0.27 1.16 0.62 0.73 0.39 0.09 0.18 0.14 1.32
Operating Profit 0.40 -0.59 -0.18 -0.11 -0.27 -1.16 -0.62 -0.73 -0.39 -0.09 -0.18 -0.14 -1.32
OPM % 74.07%
0.00 0.53 0.48 0.55 0.55 0.62 0.76 0.94 0.63 0.62 0.66 0.68 0.77
Interest 0.20 0.58 0.27 0.28 0.28 0.28 0.30 0.30 0.40 0.39 0.56 0.35 0.49
Depreciation 0.05 0.03 0.07 0.07 0.05 0.01 0.05 0.05 0.05 0.07 0.05 0.06 0.05
Profit before tax 0.15 -0.67 -0.04 0.09 -0.05 -0.83 -0.21 -0.14 -0.21 0.07 -0.13 0.13 -1.09
Tax % 0.00% 5.97% 0.00% 0.00% 0.00% -9.64% 0.00% 0.00% 0.00% 100.00% 0.00% 0.00% 0.00%
0.15 -0.62 -0.04 0.09 -0.05 -0.91 -0.21 -0.14 -0.21 0.00 -0.13 0.13 -1.09
EPS in Rs 0.45 -1.85 -0.12 0.27 -0.15 -2.72 -0.63 -0.42 -0.63 0.00 -0.39 0.39 -3.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1.76 4.28 7.10 6.29 13.21 10.59 11.99 1.99 1.22 0.00 0.00 0.20 0.00
2.96 5.91 8.35 7.30 12.70 10.81 12.57 4.02 3.83 0.96 1.72 1.82 1.73
Operating Profit -1.20 -1.63 -1.25 -1.01 0.51 -0.22 -0.58 -2.03 -2.61 -0.96 -1.72 -1.62 -1.73
OPM % -68.18% -38.08% -17.61% -16.06% 3.86% -2.08% -4.84% -102.01% -213.93% -810.00%
3.21 7.89 2.10 3.85 2.24 0.63 -0.07 2.32 3.86 1.96 2.20 2.74 2.73
Interest 1.65 1.59 2.09 2.74 2.11 2.44 1.98 2.05 1.78 1.47 1.11 1.39 1.79
Depreciation 0.04 0.10 0.28 0.93 1.12 1.02 0.90 0.63 0.21 0.18 0.20 0.21 0.23
Profit before tax 0.32 4.57 -1.52 -0.83 -0.48 -3.05 -3.53 -2.39 -0.74 -0.65 -0.83 -0.48 -1.02
Tax % 18.75% 21.88% 18.42% 144.58% 68.75% 45.57% 18.70% -12.13% 0.00% 6.15% -9.64% -14.58%
0.27 3.56 -1.23 0.37 -0.16 -1.65 -2.87 -2.68 -0.74 -0.62 -0.91 -0.55 -1.09
EPS in Rs 0.81 10.63 -3.67 1.10 -0.48 -4.93 -8.57 -8.00 -2.21 -1.85 -2.72 -1.64 -3.25
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: -26%
5 Years: -56%
3 Years: -45%
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 20%
TTM: 26%
Stock Price CAGR
10 Years: 44%
5 Years: 100%
3 Years: 219%
1 Year: 2088%
Return on Equity
10 Years: -9%
5 Years: -12%
3 Years: -7%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35
Reserves 13.69 17.25 16.02 16.38 16.23 14.43 11.58 8.56 7.80 7.20 6.34 5.80 5.80
12.02 12.05 18.51 18.80 14.55 15.90 15.28 17.24 15.68 14.68 15.20 13.38 11.43
2.93 2.84 2.43 3.20 4.07 4.42 7.32 3.99 2.29 3.69 3.69 5.27 9.08
Total Liabilities 31.99 35.49 40.31 41.73 38.20 38.10 37.53 33.14 29.12 28.92 28.58 27.80 29.66
0.24 1.13 2.96 5.60 5.02 18.81 19.21 16.52 15.24 15.04 15.42 15.41 15.31
CWIP 0.00 0.00 0.09 0.08 0.08 0.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 22.69 23.79 23.59 22.54 17.70 3.56 3.58 3.56 3.55 3.57 3.58 3.76 5.63
9.06 10.57 13.67 13.51 15.40 15.09 14.74 13.06 10.33 10.31 9.58 8.63 8.72
Total Assets 31.99 35.49 40.31 41.73 38.20 38.10 37.53 33.14 29.12 28.92 28.58 27.80 29.66

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.06 -6.01 -6.09 -1.93 2.49 -4.29 2.22 -2.96 -1.60 -0.40 -0.95 0.90
0.02 6.22 0.11 1.31 6.53 -0.75 -0.82 4.38 4.84 1.94 1.57 1.86
-0.15 0.02 6.26 0.01 -8.69 5.48 -2.59 -3.60 -3.50 -1.42 -0.66 -3.10
Net Cash Flow -0.07 0.23 0.28 -0.60 0.33 0.44 -1.19 -2.18 -0.26 0.11 -0.04 -0.34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 143.10 88.69 80.71 81.82 72.39 66.18 63.62 240.28 50.86 0.00
Inventory Days 1,263.02 460.46 418.27 516.34 340.15 374.34 270.85 481.49 0.00
Days Payable 283.89 26.21 56.87 81.11 123.69 148.80 234.09 298.99
Cash Conversion Cycle 1,122.22 522.95 442.11 517.05 288.85 291.71 100.38 422.78 50.86 0.00
Working Capital Days 114.06 78.46 180.96 90.52 -37.85 211.97 102.29 830.88 1,065.08 821.25
ROCE % 6.62% 19.74% 1.98% 0.84% 3.41% -1.83% -4.16% -0.30% -1.29% 3.15% 1.12% 3.84%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.57% 68.57% 68.57% 68.57% 71.52% 72.50% 75.48% 72.50% 72.50% 72.50% 58.20% 59.06%
31.43% 31.43% 31.43% 31.43% 28.48% 27.50% 24.53% 27.51% 27.50% 27.50% 41.80% 40.94%
No. of Shareholders 1,1301,1351,1291,1481,1681,1941,1961,1821,1731,1701,1521,147

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