Vivid Mercantile Ltd

Vivid Mercantile Ltd

₹ 82.0 4.10%
28 Mar - close price
About

Incorporated in 1994, Vivid Mercantile Ltd is in real estate development

Key Points

Business Overview:[1]
Company was into Graphic Designing printing and printing business and trading of of general mercantile. At present, company is into real estate business which includes development and sale of land, residential properties including identification and acquisition of land, development of land and infrastructure, acquisition of development rights of projects, marketing of projects/land

  • Market Cap 82.2 Cr.
  • Current Price 82.0
  • High / Low 90.0 / 27.6
  • Stock P/E 12.5
  • Book Value 31.8
  • Dividend Yield 0.00 %
  • ROCE -1.66 %
  • ROE -1.75 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -17.4% over past five years.
  • Company has a low return on equity of -0.71% over last 3 years.
  • Earnings include an other income of Rs.12.8 Cr.
  • Working capital days have increased from 947 days to 2,308 days

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2018 Jun 2021 Sep 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.48 8.47 8.92 1.90 0.11 3.22 1.20 1.90 4.81 0.48
0.00 0.38 9.22 8.17 1.85 0.56 3.30 1.53 1.85 4.64 5.88
Operating Profit 0.00 0.10 -0.75 0.75 0.05 -0.45 -0.08 -0.33 0.05 0.17 -5.40
OPM % 20.83% -8.85% 8.41% 2.63% -409.09% -2.48% -27.50% 2.63% 3.53% -1,125.00%
0.00 0.00 0.72 4.49 0.56 0.78 1.37 3.61 0.56 1.60 7.03
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.05 0.06 0.02 0.02 0.06 0.01 0.02 0.00 0.03
Profit before tax 0.00 0.10 -0.08 5.18 0.59 0.31 1.23 3.27 0.59 1.77 1.60
Tax % 0.00% 0.00% 9.65% 25.42% 25.81% 13.01% 0.00% 25.42% 16.95% 12.50%
0.00 0.10 -0.08 4.68 0.44 0.23 1.07 3.27 0.44 1.47 1.40
EPS in Rs 0.00 0.10 -0.08 4.67 0.44 0.23 1.07 3.26 0.44 1.47 1.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.56 0.19 0.03 0.04 0.03 0.04 11.47 11.31 30.01 16.97 17.87 4.42 8.39
0.52 0.17 0.03 0.04 0.03 0.04 11.91 11.52 29.49 16.92 17.78 4.83 13.90
Operating Profit 0.04 0.02 0.00 0.00 0.00 0.00 -0.44 -0.21 0.52 0.05 0.09 -0.41 -5.51
OPM % 7.14% 10.53% 0.00% 0.00% 0.00% 0.00% -3.84% -1.86% 1.73% 0.29% 0.50% -9.28% -65.67%
0.00 0.00 0.00 0.00 0.00 0.00 1.35 -2.69 -0.47 3.66 5.21 4.98 12.80
Interest 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.02 0.00 0.00 0.00 0.00 0.09 0.15 0.09 0.08 0.11 0.08 0.06
Profit before tax 0.01 0.00 0.00 0.00 0.00 0.00 0.82 -3.05 -0.04 3.63 5.19 4.49 7.23
Tax % 0.00% 18.29% 0.00% 0.00% 1.38% 9.63% 3.56%
0.01 0.00 0.00 0.00 0.00 0.00 0.67 -3.05 -0.04 3.58 4.69 4.34 6.58
EPS in Rs 1.00 0.00 0.00 0.00 0.00 0.00 1.91 -3.05 -0.04 3.57 4.68 4.33 6.57
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 65%
5 Years: -17%
3 Years: -47%
TTM: -41%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: %
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 70%
1 Year: 173%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: -1%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.05 0.05 0.05 0.05 0.05 0.05 2.77 7.96 7.96 10.03 10.03 10.03 10.03
Reserves 0.04 0.04 0.04 0.04 0.04 0.04 3.11 8.99 8.95 10.45 15.18 19.52 21.88
0.32 0.02 0.02 0.02 0.03 0.03 0.72 4.21 0.00 0.00 0.63 3.47 3.46
0.03 0.13 0.13 0.13 0.13 0.14 2.01 0.39 8.97 0.06 0.59 0.48 0.21
Total Liabilities 0.44 0.24 0.24 0.24 0.25 0.26 8.61 21.55 25.88 20.54 26.43 33.50 35.58
0.17 0.22 0.22 0.22 0.22 0.22 1.26 1.12 1.03 0.95 0.31 0.25 0.23
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 0.01 0.00 0.00 0.00 0.00 0.00 3.62 11.51 11.33 9.84 9.45 4.64 3.92
0.26 0.02 0.02 0.02 0.03 0.04 3.73 8.92 13.52 9.75 16.67 28.61 31.43
Total Assets 0.44 0.24 0.24 0.24 0.25 0.26 8.61 21.55 25.88 20.54 26.43 33.50 35.58

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 0.00 0.00 0.00 -2.27 -7.03 1.56 -1.43 -6.89 -12.75
0.00 0.00 0.00 0.00 0.00 -3.41 -10.66 0.22 1.50 6.14 10.06
0.00 0.00 0.00 0.00 0.00 5.90 12.29 -1.82 0.00 0.63 2.84
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 0.21 -5.40 -0.04 0.07 -0.12 0.14

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 149.91 0.00 0.00 0.00 0.00 0.00 10.82 142.32 93.65 9.03 29.00 0.00
Inventory Days 17.38 0.00 365.00 365.00 1,095.00 547.50 68.71 79.46 30.53 192.30 305.48 2,260.91
Days Payable 26.07 2,190.00 2,555.00 2,920.00 1,642.50 60.00 12.60 110.70 0.22 1.04 22.56
Cash Conversion Cycle 141.22 0.00 -1,825.00 -2,190.00 -1,825.00 -1,095.00 19.52 209.18 13.48 201.12 333.45 2,238.34
Working Capital Days 143.39 -230.53 -1,338.33 -1,003.75 -1,338.33 -1,003.75 45.19 271.09 54.37 205.41 327.83 2,308.09
ROCE % 5.00% 0.00% 0.00% 0.00% 0.00% -11.31% -2.16% 2.47% -0.16% 0.09% -1.66%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24% 45.24%
54.76% 54.76% 54.76% 54.76% 54.76% 54.76% 54.76% 54.76% 54.76% 54.76% 54.75% 54.75%
No. of Shareholders 3437435759272280340315337311350

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