C P S Shapers Ltd
Incorporated in 2012, C P S Shapers Ltd manufactures and sells compressed garments[1]
- Market Cap ₹ 218 Cr.
- Current Price ₹ 958
- High / Low ₹ 1,349 / 660
- Stock P/E 1,679
- Book Value ₹ 97.0
- Dividend Yield 0.00 %
- ROCE 4.37 %
- ROE 0.67 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 9.88 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.55% over last 3 years.
- Debtor days have increased from 63.5 to 87.2 days.
- Working capital days have increased from 142 days to 210 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
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 15.16 | 14.10 | 26.19 | 36.18 | 35.53 | 30.79 | 31.25 | |
| 15.55 | 12.47 | 23.79 | 31.37 | 32.39 | 28.89 | 29.14 | |
| Operating Profit | -0.39 | 1.63 | 2.40 | 4.81 | 3.14 | 1.90 | 2.11 |
| OPM % | -2.57% | 11.56% | 9.16% | 13.29% | 8.84% | 6.17% | 6.75% |
| 0.04 | 0.03 | -0.00 | 0.15 | 0.16 | 0.05 | 0.09 | |
| Interest | 1.01 | 1.06 | 0.86 | 0.99 | 1.53 | 1.05 | 0.85 |
| Depreciation | 0.35 | 0.31 | 0.31 | 0.52 | 0.65 | 0.84 | 1.03 |
| Profit before tax | -1.71 | 0.29 | 1.23 | 3.45 | 1.12 | 0.06 | 0.32 |
| Tax % | -2.34% | -3.45% | -27.64% | 28.99% | 33.93% | -183.33% | 62.50% |
| -1.68 | 0.31 | 1.57 | 2.46 | 0.74 | 0.17 | 0.13 | |
| EPS in Rs | -33.60 | 6.20 | 31.40 | 49.20 | 3.52 | 0.77 | 0.57 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -5% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -62% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 0.50 | 2.10 | 2.21 | 2.28 |
| Reserves | -3.16 | -2.85 | -1.21 | 1.25 | 9.89 | 14.72 | 19.81 |
| 9.30 | 9.47 | 9.35 | 10.40 | 9.20 | 8.02 | 6.56 | |
| 3.58 | 3.90 | 4.12 | 5.32 | 4.19 | 4.31 | 4.28 | |
| Total Liabilities | 10.22 | 11.02 | 12.76 | 17.47 | 25.38 | 29.26 | 32.93 |
| 2.28 | 2.07 | 2.84 | 3.60 | 4.84 | 6.22 | 6.46 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | 0.85 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 7.94 | 8.95 | 9.92 | 13.87 | 19.69 | 23.04 | 26.47 | |
| Total Assets | 10.22 | 11.02 | 12.76 | 17.47 | 25.38 | 29.26 | 32.93 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0.28 | 1.05 | 1.98 | 1.12 | -2.56 | -2.55 | -1.43 | |
| -0.15 | -0.10 | -1.07 | -1.22 | -2.71 | -1.57 | -1.23 | |
| 0.51 | -0.88 | -0.98 | 0.10 | 6.77 | 2.54 | 2.73 | |
| Net Cash Flow | 0.08 | 0.08 | -0.07 | -0.00 | 1.51 | -1.58 | 0.06 |
| Free Cash Flow | -0.44 | 0.95 | 0.91 | -0.10 | -5.30 | -3.92 | -2.66 |
| CFO/OP | 72% | 66% | 87% | 23% | -55% | -128% | -68% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 29.13 | 57.47 | 36.65 | 26.13 | 35.24 | 68.04 | 87.25 |
| Inventory Days | 300.44 | 368.34 | 153.36 | 219.63 | 309.97 | 371.11 | 485.62 |
| Days Payable | 146.83 | 206.86 | 87.00 | 88.48 | 74.68 | 88.65 | 79.71 |
| Cash Conversion Cycle | 182.73 | 218.95 | 103.02 | 157.28 | 270.52 | 350.51 | 493.15 |
| Working Capital Days | -27.45 | -12.94 | 9.48 | 40.66 | 68.62 | 148.30 | 209.77 |
| ROCE % | 19.62% | 26.52% | 42.71% | 15.90% | 4.81% | 4.37% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Distribution Channels / Authorized Distributors Number |
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| Retail Presence (Outlets) Number |
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| Total Headcount (Employees/Workforce) Number |
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| Average Order Value INR |
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| Manufacturing Capacity (8 Hour Shift) Units per Month |
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| Number of SKUs Number |
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| Units Sold Cumulative Units |
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Extracted by Screener AI
Documents
Announcements
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Shareholders meeting
15 June 2026 - Shareholders approved variation in IPO proceeds utilization via postal ballot on June 15, 2026.
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Shareholders meeting
13 June 2026 - Postal ballot on IPO proceeds variation closed June 13, 2026; results due by June 16, 2026.
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Shareholders meeting
13 June 2026 - EGM on June 12, 2026 approved preferential equity share issuance to promoters and non-promoters.
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Shareholders meeting
12 June 2026 - EGM approved preferential allotment of 31,275 shares at Rs1088, raising Rs3.40 crore for factory and machinery.
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General Updates
12 June 2026 - NSE granted in-principle approval for preferential issue of 31,275 shares at ₹1,088 each.
Annual reports
Concalls
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Sep 2025TranscriptAI SummaryPPT
Business Overview:[1]
CPS Shapers Limited, operating under the brand Dermawear, is India’s first R&D-led shapewear and innerwear manufacturer for both men and women. The brand focuses on designing products suited to Indian body types, climate, and attire. Dermawear has sold over 1 crore units across 3,000 SKUs and has a strong retail presence in over 6,000 outlets nationwide.