Meyer Apparel Ltd

About [ edit ]

Meyer Apparel had been engaged in manufacture of various types of Mens Suits & Trouser.(Source : 201903 Annual Report Page No:48)

  • Market Cap 5.80 Cr.
  • Current Price 0.72
  • High / Low 1.33 / 0.57
  • Stock P/E
  • Book Value -3.38
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 3.00

Pros

  • Debtor days have improved from 100.87 to 47.14 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -24.85% over past five years.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1.15 0.46 2.94 1.56 3.63 1.50 2.10 1.34 0.48 0.01 0.15 1.49
2.21 1.10 2.97 2.04 4.31 2.52 2.66 2.46 2.82 0.38 0.60 1.57
Operating Profit -1.06 -0.64 -0.03 -0.48 -0.68 -1.02 -0.56 -1.12 -2.34 -0.37 -0.45 -0.08
OPM % -92.17% -139.13% -1.02% -30.77% -18.73% -68.00% -26.67% -83.58% -487.50% -3,700.00% -300.00% -5.37%
Other Income 2.90 0.05 0.04 0.32 0.06 0.00 0.01 0.00 -1.44 0.03 -0.06 0.21
Interest 0.04 0.03 0.03 0.04 0.03 0.04 0.04 0.09 0.09 0.08 0.08 0.06
Depreciation 0.14 0.10 0.09 0.09 0.61 0.11 0.11 0.28 0.28 0.26 0.25 0.19
Profit before tax 1.66 -0.72 -0.11 -0.29 -1.26 -1.17 -0.70 -1.49 -4.15 -0.68 -0.84 -0.12
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%
Net Profit 1.67 -0.72 -0.12 -0.29 -1.26 -1.17 -0.70 -1.48 -4.14 -0.68 -0.85 -0.12
EPS in Rs 0.21 -0.09 -0.01 -0.04 -0.16 -0.15 -0.09 -0.18 -0.51 -0.08 -0.11 -0.01
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
15.20 11.76 18.69 18.89 16.66 20.57 22.61 27.70 20.28 11.09 8.59 5.42 2.13
16.69 13.52 17.49 17.60 16.60 20.24 22.76 27.41 23.05 16.62 10.43 10.43 5.37
Operating Profit -1.49 -1.76 1.20 1.29 0.06 0.33 -0.15 0.29 -2.77 -5.53 -1.84 -5.01 -3.24
OPM % -9.80% -14.97% 6.42% 6.83% 0.36% 1.60% -0.66% 1.05% -13.66% -49.86% -21.42% -92.44% -152.11%
Other Income 2.98 2.51 0.17 0.15 1.17 1.06 0.83 -29.73 2.15 4.08 0.48 -1.43 -1.26
Interest 0.34 0.31 0.32 0.21 0.26 0.40 0.47 0.21 0.14 0.18 0.12 0.27 0.31
Depreciation 2.59 0.43 0.44 0.51 0.52 0.57 0.47 0.44 0.40 0.44 0.89 0.78 0.98
Profit before tax -1.44 0.01 0.61 0.72 0.45 0.42 -0.26 -30.09 -1.16 -2.07 -2.37 -7.49 -5.79
Tax % 30.56% -1,900.00% 13.11% 19.44% 51.11% 45.24% 7.69% -15.92% 0.00% 0.00% 0.00% 0.00%
Net Profit -1.00 0.20 0.53 0.58 0.22 0.23 -0.24 -34.87 -1.16 -2.08 -2.37 -7.49 -5.79
EPS in Rs 0.07 0.07 0.03 0.03 -0.03 -4.33 -0.14 -0.26 -0.29 -0.93 -0.71
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:-7%
5 Years:-25%
3 Years:-36%
TTM:-75%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:6%
Stock Price CAGR
10 Years:-16%
5 Years:-25%
3 Years:-43%
1 Year:-8%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
57.81 17.43 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27 24.27
Reserves -26.60 -1.48 4.18 4.77 4.98 5.22 1.84 -33.03 -36.61 -38.48 -40.84 -49.87 -51.45
Borrowings 15.78 16.69 3.69 3.00 3.76 4.38 1.45 0.49 0.54 0.35 0.14 2.32 1.89
11.37 12.18 12.36 11.38 12.62 15.23 12.36 43.18 38.99 37.45 37.02 36.52 37.45
Total Liabilities 58.36 44.82 44.50 43.42 45.63 49.10 39.92 34.91 27.19 23.59 20.59 13.24 12.16
21.03 7.76 7.87 7.94 8.08 7.62 2.89 2.78 2.71 2.17 1.20 3.04 2.36
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 5.60 5.60 7.60 9.87 9.87 9.87 9.87 11.70 5.30 5.30 5.30 1.65 1.65
31.73 31.46 29.03 25.61 27.68 31.61 27.16 20.43 19.18 16.12 14.09 8.55 8.15
Total Assets 58.36 44.82 44.50 43.42 45.63 49.10 39.92 34.91 27.19 23.59 20.59 13.24 12.16

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-1.28 -1.60 3.84 3.79 -0.90 -0.35 3.62 1.40 -6.20 -2.52 -0.93 0.93
0.19 0.22 -2.52 -2.99 -0.71 -0.20 -0.49 -2.22 5.62 3.87 0.20 -0.13
0.87 0.91 -1.03 -0.76 1.91 0.58 -2.96 -0.94 -0.10 -0.37 -0.20 -0.74
Net Cash Flow -0.22 -0.47 0.29 0.04 0.30 0.03 0.17 -1.76 -0.68 0.98 -0.93 0.06

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -2.00% -4.02% 2.87% 2.90% 2.18% 2.45% 0.68% -0.21%
Debtor Days 474.98 611.75 83.39 65.31 73.18 100.61 117.52 101.99 143.80 147.12 108.35 47.14
Inventory Turnover 3.13 1.98 3.08 4.08 2.87 2.64 2.39 2.63 1.94 1.60 1.09 1.11

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
74.32 74.32 74.32 74.32 74.32 74.32 74.32 74.32 74.32 74.32 74.32 74.32
0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43 0.43
25.25 25.25 25.25 25.25 25.25 25.25 25.25 25.25 25.25 25.25 25.25 25.25

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