Meyer Apparel Ltd

Meyer Apparel Ltd

₹ 1.71 4.91%
01 Mar 2:10 p.m.
About

Incorporated in 1993, Meyer Apparel Ltd manufactures men's ready-made garments for wholesale and retail markets.

Key Points

Business Overview:[1]
Meyer Apparel Limited was set up with technical and financial collaboration with Marzotto Spa of Italy. Company supplies industrially manufactured classic men's wear, using equipment imported from Europe.

  • Market Cap 13.8 Cr.
  • Current Price 1.71
  • High / Low 2.54 / 1.14
  • Stock P/E
  • Book Value -3.85
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 3.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.7% over past five years.

* 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

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
1.49 0.95 0.16 1.90 1.17 1.06 0.99 0.90 2.42 1.99 1.08 0.62 1.11
1.57 1.59 0.62 2.22 1.59 1.62 1.40 1.39 2.86 2.71 1.69 1.24 1.56
Operating Profit -0.08 -0.64 -0.46 -0.32 -0.42 -0.56 -0.41 -0.49 -0.44 -0.72 -0.61 -0.62 -0.45
OPM % -5.37% -67.37% -287.50% -16.84% -35.90% -52.83% -41.41% -54.44% -18.18% -36.18% -56.48% -100.00% -40.54%
0.21 0.71 0.27 0.38 0.08 0.01 0.30 0.05 0.03 0.05 0.09 0.06 0.09
Interest 0.06 -0.01 -0.00 -0.00 0.01 0.01 0.01 -0.00 0.01 0.02 0.01 0.01 0.01
Depreciation 0.19 -0.12 0.01 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.00 0.01 0.01 0.01
Profit before tax -0.12 0.20 -0.20 0.05 -0.36 -0.57 -0.13 -0.44 -0.42 -0.69 -0.54 -0.58 -0.38
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
-0.12 0.20 -0.20 0.05 -0.35 -0.56 -0.13 -0.44 -0.43 -0.69 -0.53 -0.57 -0.37
EPS in Rs -0.01 0.02 -0.02 0.01 -0.04 -0.07 -0.02 -0.05 -0.05 -0.09 -0.07 -0.07 -0.05
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
18.89 16.66 20.57 22.61 27.70 20.28 11.09 8.59 5.42 2.61 4.30 6.30 4.80
17.60 16.60 20.24 22.76 27.41 22.23 15.87 10.43 10.43 4.12 6.06 8.36 7.20
Operating Profit 1.29 0.06 0.33 -0.15 0.29 -1.95 -4.78 -1.84 -5.01 -1.51 -1.76 -2.06 -2.40
OPM % 6.83% 0.36% 1.60% -0.66% 1.05% -9.62% -43.10% -21.42% -92.44% -57.85% -40.93% -32.70% -50.00%
0.15 1.17 1.06 0.83 -29.73 1.33 3.33 0.48 -1.43 0.84 0.74 0.43 0.29
Interest 0.21 0.26 0.40 0.47 0.21 0.14 0.18 0.12 0.27 0.20 0.02 0.04 0.05
Depreciation 0.51 0.52 0.57 0.47 0.44 0.40 0.44 0.89 0.78 0.58 0.03 0.02 0.03
Profit before tax 0.72 0.45 0.42 -0.26 -30.09 -1.16 -2.07 -2.37 -7.49 -1.45 -1.07 -1.69 -2.19
Tax % 19.44% 51.11% 45.24% 7.69% -15.92% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
0.58 0.22 0.23 -0.24 -34.87 -1.16 -2.08 -2.37 -7.49 -1.45 -1.07 -1.68 -2.16
EPS in Rs 0.07 0.03 0.03 -0.03 -4.33 -0.14 -0.26 -0.29 -0.93 -0.18 -0.13 -0.21 -0.28
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: -9%
5 Years: -11%
3 Years: 5%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 19%
TTM: -38%
Stock Price CAGR
10 Years: -4%
5 Years: -7%
3 Years: 28%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27
Reserves 4.77 4.98 5.22 1.84 -33.03 -36.61 -38.48 -40.84 -49.87 -51.40 -52.46 -54.15 -55.25
3.00 3.76 4.38 1.45 0.49 0.54 0.35 0.14 2.32 -0.00 -0.00 -0.00 -0.00
11.38 12.62 15.23 12.36 43.18 38.99 37.45 37.02 36.52 34.81 33.64 33.87 34.49
Total Liabilities 43.42 45.63 49.10 39.92 34.91 27.19 23.59 20.59 13.24 7.68 5.45 3.99 3.51
7.94 8.08 7.62 2.89 2.78 2.71 2.17 1.20 3.04 0.49 0.11 0.13 0.13
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 9.87 9.87 9.87 9.87 11.70 5.30 5.30 5.30 1.65 1.25 0.62 -0.00 -0.00
25.61 27.68 31.61 27.16 20.43 19.18 16.12 14.09 8.55 5.94 4.72 3.86 3.38
Total Assets 43.42 45.63 49.10 39.92 34.91 27.19 23.59 20.59 13.24 7.68 5.45 3.99 3.51

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
3.79 -0.90 -0.35 3.62 1.40 -6.20 -2.52 -0.93 0.93 0.48 -2.33 -0.58
-2.99 -0.71 -0.20 -0.49 -2.22 5.62 3.87 0.20 -0.13 1.02 1.30 0.59
-0.76 1.91 0.58 -2.96 -0.94 -0.10 -0.37 -0.20 -0.74 -0.64 -0.00 -0.01
Net Cash Flow 0.04 0.30 0.03 0.17 -1.76 -0.68 0.98 -0.93 0.06 0.85 -1.03 -0.01

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 65.31 73.18 100.61 117.52 101.99 143.80 147.12 108.35 47.14 2.80 61.97 12.17
Inventory Days 98.19 208.49 191.91 172.67 165.54 214.18 258.05 514.85 288.38 669.50 362.69 257.65
Days Payable 57.03 135.60 154.28 188.04 148.90 41.50 80.04 157.35 161.75 88.73 3.47 18.04
Cash Conversion Cycle 106.47 146.06 138.24 102.15 118.64 316.49 325.13 465.86 173.77 583.57 421.19 251.78
Working Capital Days 49.27 74.05 83.22 102.19 -300.56 -397.22 -790.23 -1,027.86 -2,015.58 -4,273.72 -2,460.78 -1,736.36
ROCE % 2.90% 2.18% 2.45% 0.68% -0.21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.32% 74.32% 74.32% 74.32% 74.32% 74.32% 74.31% 74.31% 74.31% 74.31% 74.31% 74.31%
0.43% 0.43% 0.43% 0.43% 0.43% 0.43% 0.44% 0.44% 0.44% 0.44% 0.36% 0.36%
25.25% 25.25% 25.25% 25.25% 25.25% 25.25% 25.24% 25.25% 25.25% 25.26% 25.33% 25.33%
No. of Shareholders 6,4746,4326,4466,4656,4636,5976,6976,7206,6736,6786,8706,825

* 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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