Cheviot Company Ltd

₹ 1,222 0.32%
18 Aug - close price
About

Established in 1897, Cheviot Company Limited is a flagship company of Group Cheviot. The company is engaged in manufacturing and sale of jute goods like Sacking, Hessian and Yarn.
Located in West Bengal, the company is recognized as a Trading House by the Government of India.

Key Points

Product Portfolio:[1]
The company deals in jute goods like:
a) Jute Shopping Bags:
The company has a huge collection of jute bags which are mainly categorized as promotional bags, fashion bags, beach bags, bottle bags, utility bags and cotton bags.
b) Jute Products:
The company manufactures Jute Yarn or twin yarn, Hessain bags and Sacking bags
c) Jute Decorative Fabrics:
These decorative fabrics have high tensile strength and are resistant to heat and fire. The company also offers blended jute upholstery.

  • Market Cap 736 Cr.
  • Current Price 1,222
  • High / Low 1,500 / 1,041
  • Stock P/E 11.0
  • Book Value 919
  • Dividend Yield 4.91 %
  • ROCE 16.6 %
  • ROE 13.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.91%.
  • Company has been maintaining a healthy dividend payout of 85.0%

Cons

  • The company has delivered a poor sales growth of 7.73% over past five years.
  • Company has a low return on equity of 10.9% for 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
105.91 123.37 114.01 114.76 24.70 94.68 119.50 156.88 123.46 128.98 155.16 163.54 146.16
92.97 107.76 100.32 100.20 22.25 83.87 104.93 132.29 102.70 105.14 136.58 146.20 131.44
Operating Profit 12.94 15.61 13.69 14.56 2.45 10.81 14.57 24.59 20.76 23.84 18.58 17.34 14.72
OPM % 12.22% 12.65% 12.01% 12.69% 9.92% 11.42% 12.19% 15.67% 16.82% 18.48% 11.97% 10.60% 10.07%
4.30 4.85 7.38 -6.81 12.60 8.03 15.44 9.47 8.44 9.64 4.35 3.63 -0.17
Interest 0.04 0.13 0.10 0.10 0.07 0.10 0.10 0.17 0.08 0.06 0.11 0.18 0.10
Depreciation 1.03 1.07 1.12 1.08 1.04 1.18 1.16 1.13 1.11 1.13 1.12 1.01 1.01
Profit before tax 16.17 19.26 19.85 6.57 13.94 17.56 28.75 32.76 28.01 32.29 21.70 19.78 13.44
Tax % 25.79% 11.32% 21.71% 46.58% 11.12% 18.28% 18.96% 21.61% 20.81% 21.24% 23.27% 23.86% 25.97%
Net Profit 12.00 17.08 15.54 3.50 12.38 14.36 23.30 25.68 22.19 25.43 16.66 15.08 9.95
EPS in Rs 18.56 26.41 24.03 5.41 19.14 22.21 37.18 40.98 35.41 40.58 26.58 25.06 16.54

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
308 295 290 278 267 343 394 376 395 458 396 571 594
279 261 251 244 240 298 350 321 340 401 343 489 519
Operating Profit 29 34 39 35 27 45 44 55 55 57 52 82 74
OPM % 10% 11% 13% 12% 10% 13% 11% 15% 14% 12% 13% 14% 13%
14 10 9 10 23 13 31 24 22 9 46 24 17
Interest 1 1 1 1 1 1 1 1 1 0 0 0 0
Depreciation 4 4 5 6 6 6 8 4 4 4 4 4 4
Profit before tax 38 39 42 38 42 51 66 74 72 62 93 102 87
Tax % 25% 25% 26% 30% 18% 28% 26% 27% 30% 22% 19% 22%
Net Profit 29 29 31 27 35 36 49 54 50 48 76 79 67
EPS in Rs 42.40 42.46 45.16 39.41 50.85 53.63 72.76 83.20 77.60 74.41 120.83 131.88 108.76
Dividend Payout % 19% 20% 22% 25% 22% 21% 1% 1% 1% 65% 145% 46%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 13%
TTM: 20%
Compounded Profit Growth
10 Years: 12%
5 Years: 13%
3 Years: 18%
TTM: -22%
Stock Price CAGR
10 Years: 19%
5 Years: 8%
3 Years: 28%
1 Year: -11%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 5 5 5 5 5 5 4 6 6 6 6
Reserves 265 287 310 328 352 414 470 496 605 617 676 547
15 15 11 13 14 13 20 6 1 6 10 9
30 28 31 28 26 20 25 39 52 47 47 45
Total Liabilities 315 334 356 374 398 451 519 545 665 676 739 606
108 114 115 117 112 145 150 149 218 220 216 148
CWIP 3 0 0 0 0 1 0 1 14 26 32 37
Investments 116 134 151 159 193 187 246 265 278 256 322 232
87 86 90 97 92 118 123 131 154 175 169 189
Total Assets 315 334 356 374 398 451 519 545 665 676 739 606

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
22 23 32 14 23 11 31 38 20 40 35 56
-15 -16 -17 -9 -15 11 -29 -0 -13 -3 -23 113
-6 -7 -12 -7 -8 -21 0 -39 -6 -35 -19 -164
Net Cash Flow 1 0 4 -1 0 1 2 -1 -0 2 -7 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 20 31 29 35 34 32 29 37 29 27 39 32
Inventory Days 102 105 117 136 122 118 101 119 149 120 134 98
Days Payable 21 21 28 26 22 19 9 11 10 5 7 7
Cash Conversion Cycle 101 115 117 145 134 131 121 145 169 142 167 122
Working Capital Days 54 58 55 73 75 91 81 86 98 87 107 81
ROCE % 12% 12% 12% 11% 9% 13% 13% 14% 13% 10% 14% 17%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.99 74.99 74.99 74.99 74.99 74.97 74.97 74.77 74.77 74.77 74.83 74.83
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.23 0.28 0.28 0.27
0.16 0.17 0.16 0.16 0.16 0.16 0.16 0.17 0.16 0.16 0.17 0.17
0.02 0.02 0.02 0.02 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02
24.83 24.82 24.83 24.83 24.85 24.85 24.85 25.01 24.81 24.76 24.70 24.71

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