Indian Terrain Fashions Ltd
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. [1]
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. [2]
- Market Cap ₹ 181 Cr.
- Current Price ₹ 44.0
- High / Low ₹ 74.8 / 35.1
- Stock P/E
- Book Value ₹ 47.8
- Dividend Yield 0.00 %
- ROCE 3.57 %
- ROE -1.11 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.92 times its book value
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.63% over past five years.
- Promoter holding is low: 29.12%
- Company has a low return on equity of -7.29% for last 3 years.
- Promoters have pledged 63.91% of their holding.
- Company has high debtors of 243.03 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: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
121 | 141 | 157 | 232 | 290 | 325 | 326 | 401 | 422 | 370 | 213 | 336 | |
109 | 129 | 141 | 208 | 257 | 284 | 286 | 354 | 372 | 342 | 232 | 309 | |
Operating Profit | 12 | 12 | 15 | 24 | 34 | 41 | 40 | 48 | 51 | 28 | -19 | 27 |
OPM % | 10% | 9% | 10% | 10% | 12% | 13% | 12% | 12% | 12% | 8% | -9% | 8% |
1 | 1 | 1 | 0 | 1 | 5 | 5 | 2 | 3 | 4 | 11 | 7 | |
Interest | 5 | 10 | 10 | 10 | 9 | 7 | 9 | 7 | 8 | 21 | 24 | 19 |
Depreciation | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 4 | 6 | 23 | 23 | 23 |
Profit before tax | 6 | 2 | 5 | 12 | 23 | 37 | 33 | 39 | 40 | -12 | -54 | -8 |
Tax % | 3% | 24% | 14% | 21% | 21% | 11% | 31% | 35% | 35% | 10% | 43% | 72% |
Net Profit | 6 | 2 | 4 | 10 | 18 | 33 | 23 | 25 | 26 | -10 | -31 | -2 |
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 | -0.54 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 1% |
3 Years: | -7% |
TTM: | 58% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 93% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | -26% |
3 Years: | -25% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 0% |
3 Years: | -7% |
Last Year: | -1% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 6 | 6 | 6 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | |
Reserves | 14 | 15 | 20 | 30 | 119 | 154 | 171 | 196 | 222 | 209 | 190 | 188 |
51 | 61 | 61 | 56 | 39 | 45 | 44 | 37 | 33 | 123 | 114 | 109 | |
27 | 37 | 35 | 48 | 50 | 64 | 78 | 136 | 155 | 164 | 153 | 167 | |
Total Liabilities | 98 | 119 | 121 | 141 | 216 | 270 | 301 | 377 | 418 | 503 | 466 | 473 |
9 | 9 | 8 | 8 | 7 | 27 | 35 | 49 | 53 | 128 | 111 | 94 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 59 | 0 | 0 | 0 | 30 | 21 | 22 | 19 |
89 | 110 | 113 | 133 | 150 | 243 | 264 | 328 | 335 | 354 | 333 | 360 | |
Total Assets | 98 | 119 | 121 | 141 | 216 | 270 | 301 | 377 | 418 | 503 | 466 | 473 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-48 | 5 | 6 | 14 | 12 | 23 | 12 | 19 | 5 | 14 | 14 | 22 | |
-10 | -1 | 0 | 1 | -59 | 41 | -8 | -17 | -37 | 4 | 5 | 3 | |
61 | -1 | -10 | -14 | 47 | -0 | -7 | -14 | -12 | -22 | -20 | -23 | |
Net Cash Flow | 3 | 3 | -3 | 0 | 1 | 64 | -3 | -12 | -45 | -4 | -1 | 3 |
Ratios
Figures in Rs. Crores
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 | 135 | 162 | 161 | 121 | 120 | 132 | 122 | 162 | 207 | 248 | 388 | 243 |
Inventory Days | 292 | 202 | 196 | 175 | 108 | 115 | 159 | 136 | 99 | 121 | 163 | 143 |
Days Payable | 116 | 130 | 131 | 66 | 69 | 101 | 103 | 141 | 126 | 166 | 242 | 174 |
Cash Conversion Cycle | 312 | 234 | 226 | 230 | 159 | 146 | 179 | 157 | 180 | 203 | 309 | 212 |
Working Capital Days | 162 | 151 | 157 | 115 | 115 | 120 | 126 | 132 | 154 | 193 | 281 | 203 |
ROCE % | 32% | 15% | 16% | 24% | 24% | 21% | 17% | 19% | 18% | 3% | -10% | 4% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
7 Jun - Investor Presentation on the audited standalone financial results of the Company for the quarter and financial year ended 31st March 2022. Kindly take the same …
- Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Jun
- Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Jun
- Disclosure Of Related Party Transaction For The Half Year Ended 31St March 2022 2 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2 Jun
A recognized brand in the Men’s Casual Wear
It has established its niche in the Men’s segment with a diverse range of apparel offerings with shirts, shorts, tees, trousers, etc. These are retailed through various channels across India which are Multi-branded Outlets (MBO), Exclusive brand outlets (EBO), Large formats stores (LFO), and E-commerce platforms.
It is positioned as a premium, smart casual brand targeting affluent men in the age group of 25-44 years who are adopting the ready to wear apparels in comparison to ready to stitch
It is also increasing its investments towards building a stronger brand with the adoption of social media marketing, digital marketing, and engagement with the end consumer to enhance and better serve its end users {# https://www.bseindia.com/bseplus/AnnualReport/533329/65206533329.pdf#page=30 #{