Nivaka Fashions Ltd

Nivaka Fashions Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nivaka Fashions Ltd

₹ 4.10 2.76%
19 Apr 4:00 p.m.
Company website BSE: 542206
About

Incorporated in 1983, Nivaka Fashions
Ltd does trading activities in textiles
products[1]

Key Points

Business Overview:[1]
Company is in the business of retailing of Indian ethnic wear through offline retailstores and online e-comerce websites. The company owns the brand ‘Ninecolours’, ‘Ninecolours West’, ‘Nine colors Quirk’ and ‘Ninecolours Luxe

Website BSE
  • Market Cap ₹ 42.1 Cr.
  • Current Price ₹ 4.10
  • High / Low ₹ 7.05 / 2.03
  • Stock P/E
  • Book Value ₹ 1.01
  • Dividend Yield 0.00 %
  • ROCE 1.19 %
  • ROE 0.19 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 3.85 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -35.2% over past five years.
  • Promoter holding is low: 24.5%
  • Company has a low return on equity of 3.07% over last 3 years.
  • Company has high debtors of 248 days.
  • Working capital days have increased from 90.1 days to 271 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 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
5.03 9.53 1.59 3.80 3.09 3.55 1.60 0.82 1.16 1.12 0.39 0.86 0.15
5.27 9.97 1.38 3.65 3.00 3.11 1.48 1.09 0.96 0.86 0.39 0.57 0.37
Operating Profit -0.24 -0.44 0.21 0.15 0.09 0.44 0.12 -0.27 0.20 0.26 0.00 0.29 -0.22
OPM % -4.77% -4.62% 13.21% 3.95% 2.91% 12.39% 7.50% -32.93% 17.24% 23.21% 0.00% 33.72% -146.67%
0.00 0.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.05
Depreciation 0.05 0.09 0.06 0.07 0.08 0.08 0.07 0.07 0.07 0.03 0.04 0.04 0.03
Profit before tax -0.29 0.45 0.14 0.08 0.01 0.36 0.05 -0.34 0.13 0.23 -0.09 0.20 -0.30
Tax % 0.00% -28.89% 21.43% 25.00% 0.00% 0.00% 20.00% 0.00% 23.08% 17.39% 0.00% 25.00% 0.00%
-0.28 0.58 0.10 0.06 0.01 0.36 0.03 -0.34 0.10 0.20 -0.09 0.15 -0.31
EPS in Rs -0.03 0.06 0.01 0.01 0.00 0.04 0.00 -0.03 0.01 0.02 -0.01 0.01 -0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.09 5.41 14.78 36.06 36.24 21.55 21.79 12.01 4.12 2.52
0.06 5.64 14.86 33.50 34.47 23.24 21.94 11.41 4.28 2.19
Operating Profit 0.03 -0.23 -0.08 2.56 1.77 -1.69 -0.15 0.60 -0.16 0.33
OPM % 33.33% -4.25% -0.54% 7.10% 4.88% -7.84% -0.69% 5.00% -3.88% 13.10%
0.00 0.34 0.35 0.58 0.68 1.01 0.99 0.03 0.54 0.00
Interest 0.00 0.00 0.03 0.00 0.00 0.00 0.01 0.04 0.05 0.15
Depreciation 0.00 0.00 0.00 0.01 0.05 0.15 0.24 0.29 0.24 0.14
Profit before tax 0.03 0.11 0.24 3.13 2.40 -0.83 0.59 0.30 0.09 0.04
Tax % 33.33% 0.00% 25.00% 24.92% 25.42% 0.00% -3.39% 6.67% 77.78%
0.02 0.11 0.18 2.35 1.79 -0.83 0.62 0.29 0.02 -0.05
EPS in Rs 0.01 0.02 0.23 0.17 -0.08 0.06 0.03 0.00 -0.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -35%
3 Years: -42%
TTM: -65%
Compounded Profit Growth
10 Years: %
5 Years: -61%
3 Years: 27%
TTM: -133%
Stock Price CAGR
10 Years: %
5 Years: -16%
3 Years: -18%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 3%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 0.25 5.71 5.71 5.71 5.71 10.27 10.27 10.27 10.27
Reserves 4.09 0.26 0.44 2.79 4.59 -0.85 -0.23 0.05 0.08
0.00 0.77 1.56 0.69 0.25 0.25 0.51 0.51 2.26
0.06 4.09 5.81 12.88 9.03 20.48 23.51 12.09 2.55
Total Liabilities 4.40 10.83 13.52 22.07 19.58 30.15 34.06 22.92 15.16
0.00 0.00 0.00 3.78 0.17 0.60 0.85 0.68 2.31
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.05 2.61 3.57 0.00 1.60 2.08 2.58 2.58 2.69
4.35 8.22 9.95 18.29 17.81 27.47 30.63 19.66 10.16
Total Assets 4.40 10.83 13.52 22.07 19.58 30.15 34.06 22.92 15.16

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.17 0.09 4.29 3.64 -0.80 -5.55 1.21
0.00 -0.61 -0.22 -2.61 -3.60 0.88 5.41 -1.34
0.00 0.79 -0.01 -1.76 0.00 0.26 0.00 -0.04
Net Cash Flow 0.00 0.35 -0.13 -0.07 0.04 0.34 -0.14 -0.17

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 324.44 259.08 76.56 124.10 53.78 198.17 258.13 325.49 248.06
Inventory Days 0.00 23.33 28.78 20.21 21.87 47.90 64.73 132.67 854.75
Days Payable 265.52 144.68 139.52 90.58 351.39 438.73 723.77 997.97
Cash Conversion Cycle 324.44 16.89 -39.34 4.79 -14.93 -105.32 -115.87 -265.61 104.83
Working Capital Days 1,095.00 273.92 93.84 52.74 -12.59 -95.02 -66.84 65.95 271.09
ROCE % 3.74% 37.04% 24.32% -8.21% 5.93% 3.18% 1.19%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
20.99% 20.99% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.58%
79.01% 79.01% 75.51% 75.51% 75.51% 75.51% 75.51% 75.50% 75.52% 75.52% 75.50% 74.92%
No. of Shareholders 7098098971,3312,2362,2952,7562,8252,8793,0523,2665,182

* 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

Announcements

Annual reports