Brand Concepts Ltd

Brand Concepts Ltd

₹ 774 -1.90%
23 Feb - close price
About

Brand Concepts Ltd specializes in the manufacturing of bags, backpacks & fashion accessories for the Indian & International markets. [1]

Key Points

Business Model
The Company enters into franchise or trademark license agreements with reputed brands.
Analyses the brand and other factors and creates a product design, a sample is manufactured, and on approval from the brand, it outsources its manufacturing activities to the manufacturers located in India and China (majorly). [1]

  • Market Cap 819 Cr.
  • Current Price 774
  • High / Low 966 / 186
  • Stock P/E 68.8
  • Book Value 48.6
  • Dividend Yield 0.13 %
  • ROCE 32.0 %
  • ROE 42.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years
  • Debtor days have improved from 164 to 71.6 days.
  • Company's working capital requirements have reduced from 191 days to 88.3 days

Cons

  • Stock is trading at 15.9 times its book value
  • Promoter holding has decreased over last quarter: -2.42%
  • Company has a low return on equity of 6.41% over last 3 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.

Peer comparison

Sector: Retail Industry: Trading

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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
17.14 19.15 7.10 25.80 26.73 26.54 31.90 44.29 45.36 41.67 58.06 68.93 65.51
15.93 15.49 9.51 23.05 23.00 23.29 27.95 38.65 38.94 36.44 51.57 60.55 57.90
Operating Profit 1.21 3.66 -2.41 2.75 3.73 3.25 3.95 5.64 6.42 5.23 6.49 8.38 7.61
OPM % 7.06% 19.11% -33.94% 10.66% 13.95% 12.25% 12.38% 12.73% 14.15% 12.55% 11.18% 12.16% 11.62%
0.02 0.06 0.15 0.15 0.08 0.16 0.24 0.06 0.08 0.24 0.52 0.22 0.43
Interest 1.20 2.42 0.95 1.40 1.22 1.08 1.13 1.29 1.42 1.11 1.37 1.50 1.74
Depreciation 0.17 2.35 0.34 0.57 0.58 0.75 0.66 0.79 1.03 0.98 1.09 1.45 1.63
Profit before tax -0.14 -1.05 -3.55 0.93 2.01 1.58 2.40 3.62 4.05 3.38 4.55 5.65 4.67
Tax % 164.29% 54.29% 21.97% 6.45% 27.36% 43.04% 13.75% 16.30% 28.64% 39.35% 31.21% 34.51% 34.48%
0.09 -0.48 -2.77 0.86 1.46 0.91 2.06 3.04 2.89 2.05 3.12 3.71 3.06
EPS in Rs 0.09 -0.45 -2.62 0.81 1.38 0.86 1.95 2.87 2.73 1.94 2.95 3.51 2.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
20 22 39 51 62 68 82 71 43 86 163 234
19 23 34 46 56 61 74 67 44 78 142 206
Operating Profit 1 -1 4 5 6 7 8 4 -2 8 21 28
OPM % 5% -5% 11% 10% 10% 11% 10% 6% -4% 9% 13% 12%
0 0 0 0 0 0 0 0 1 1 1 1
Interest 1 2 3 3 3 3 3 4 6 5 5 6
Depreciation 0 1 1 1 1 1 1 1 3 2 3 5
Profit before tax 0 -3 0 1 2 3 4 -1 -9 1 13 18
Tax % 32% 29% -595% 34% 36% 26% 29% 21% 26% 28% 25%
0 -2 1 1 1 2 3 -1 -6 1 10 12
EPS in Rs 2.25 -18.83 1.89 1.30 2.06 2.13 2.52 -1.05 -5.95 0.72 9.49 11.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 32%
TTM: 58%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 122%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 219%
1 Year: 263%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 6%
Last Year: 43%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 7 7 7 11 11 11 11 11 11 11
Reserves 1 -1 -6 -5 -4 13 16 14 7 8 17 40
Preference Capital 0 0 0 2 7 0 0 0 0 0 0
10 14 13 14 20 23 23 24 35 32 35 41
7 7 11 15 24 19 29 35 23 25 32 67
Total Liabilities 19 22 24 30 47 65 79 84 75 76 95 159
2 3 2 2 4 4 4 4 7 10 15 24
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
17 19 22 28 43 61 74 80 68 66 79 135
Total Assets 19 22 24 30 47 65 79 84 75 76 95 159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 4 0 -4 -8 4 6 -1 13 12
0 0 -1 -1 -2 -1 -2 -1 2 -5 -9
0 0 -4 0 7 10 -2 -3 -2 -8 -3
Net Cash Flow 0 0 -0 -0 0 1 0 2 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 126 135 86 110 124 201 206 219 292 128 72
Inventory Days 196 226 137 113 199 187 185 298 334 176 132
Days Payable 146 167 105 131 141 166 203 312 300 161 115
Cash Conversion Cycle 176 194 118 91 182 223 187 204 326 142 88
Working Capital Days 158 147 73 82 126 196 174 197 338 146 88
ROCE % -12% 26% 22% 17% 15% 6% -7% 11% 32%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.20% 59.68% 59.68% 59.68% 59.68% 59.68% 56.30% 54.12% 54.12% 51.24% 51.24% 48.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.18% 1.18% 2.48%
40.80% 40.32% 40.32% 40.32% 40.32% 40.32% 43.70% 45.88% 45.87% 47.58% 47.58% 48.71%
No. of Shareholders 2622672672697219761,4352,3293,0803,9964,2995,213

* 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.

Click on the line-items to see the names of individual entities.

Documents

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