Indian Terrain Fashions Ltd

About [ edit ]

Indian Terrain is in the business of branded apparels in India. ITFL operates within India and offers a variety of ranges from Shirts, Trousers, Shorts, and T-shirts, etc. #
The company started its operations in 2000 with celebrity fashions limited and the company got demerged from Celebrity Fashions Limited into a separate listed entity in April 2010. The company started with 20 Exclusive brand Outlets. #

Key Points [ edit ]
  • Market Cap 174 Cr.
  • Current Price 42.2
  • High / Low 52.5 / 24.1
  • Stock P/E
  • Book Value 48.3
  • Dividend Yield 0.00 %
  • ROCE -9.40 %
  • ROE -14.8 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.87 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.09% over past five years.
  • Promoter holding is low: 28.01%
  • Company has a low return on equity of -2.82% for last 3 years.
  • Promoters have pledged 66.44% of their holding.
  • Company has high debtors of 387.82 days.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
82 126 96 119 83 116 92 78 13 39 69 92
73 111 82 106 69 102 80 91 38 48 68 78
Operating Profit 9 15 14 13 14 14 12 -13 -24 -9 1 14
OPM % 11% 12% 14% 11% 17% 12% 13% -16% -181% -23% 2% 15%
Other Income 1 0 0 1 1 1 1 2 4 3 2 1
Interest 2 2 3 2 4 5 6 6 7 6 6 5
Depreciation 1 1 1 2 5 5 6 6 6 5 6 7
Profit before tax 6 13 10 10 6 4 2 -23 -32 -18 -8 4
Tax % 35% 35% 35% 37% 35% -4% 95% 19% 0% 1% 1% -626%
Net Profit 4 8 7 7 4 4 0 -19 -32 -18 -8 27
EPS in Rs 1.11 2.16 1.76 1.74 0.99 1.18 0.02 -4.92 -8.50 -4.61 -1.90 6.52

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 121 141 157 232 290 325 326 401 422 370 213
0 109 129 141 208 257 284 286 354 372 342 232
Operating Profit 0 12 12 15 24 34 41 40 48 51 28 -19
OPM % 10% 9% 10% 10% 12% 13% 12% 12% 12% 8% -9%
Other Income 0 1 1 1 0 1 5 5 2 3 4 11
Interest 0 5 10 10 10 9 7 9 7 8 21 24
Depreciation 0 1 1 1 2 3 2 3 4 6 23 23
Profit before tax 0 6 2 5 12 23 37 33 39 40 -12 -54
Tax % 3% 24% 14% 21% 21% 11% 31% 35% 35% 10% 43%
Net Profit 0 6 2 4 10 18 33 23 25 26 -10 -31
EPS in Rs 2.26 0.63 1.47 3.47 5.01 8.99 6.02 6.71 6.78 -2.73 -7.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-8%
3 Years:-19%
TTM:-42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-160%
Stock Price CAGR
10 Years:4%
5 Years:-23%
3 Years:-34%
1 Year:56%
Return on Equity
10 Years:7%
5 Years:3%
3 Years:-3%
Last Year:-15%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0 6 6 6 6 7 7 8 8 8 8 8
Reserves 0 14 15 20 30 119 154 171 196 222 209 190
Borrowings 0 51 61 61 56 39 45 44 37 33 123 114
0 27 37 35 48 50 64 78 136 155 164 153
Total Liabilities 0 98 119 121 141 216 270 301 377 418 503 466
0 9 9 8 8 7 27 35 49 53 128 111
CWIP 0 0 0 0 0 0 0 2 0 0 0 0
Investments 0 0 0 0 0 59 0 0 0 30 21 22
0 89 110 113 133 150 243 264 328 335 354 333
Total Assets 0 98 119 121 141 216 270 301 377 418 503 466

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-48 5 6 14 12 23 12 19 5 14 14
-10 -1 0 1 -59 41 -8 -17 -37 4 5
61 -1 -10 -14 47 -0 -7 -14 -12 -22 -20
Net Cash Flow 3 3 -3 0 1 64 -3 -12 -45 -4 -1

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 32% 15% 16% 24% 24% 21% 17% 19% 18% 3% -9%
Debtor Days 135 162 161 121 120 132 122 162 207 248 388
Inventory Turnover 2.50 1.79 1.86 2.38 3.08 3.54 2.85 2.81 3.38 3.20 2.00

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
29.35 29.35 29.35 29.35 30.09 30.09 30.09 30.09 30.09 27.78 27.78 28.01
13.67 14.46 14.31 14.26 12.29 12.02 12.00 8.18 6.20 6.45 6.45 7.06
27.89 28.62 28.87 28.86 28.30 27.65 26.91 16.93 14.73 15.95 10.18 6.64
29.09 27.57 27.47 27.53 29.32 30.24 31.00 44.80 48.98 49.81 55.59 58.29

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