Marvel Decor Ltd

Marvel Decor Ltd

₹ 106 3.41%
22 Apr 12:21 p.m.
About

Marvel Decor is presently in the business of window covering fashion blinds, component and supplying it to the company making window covering fashion blinds.

Key Points

Products[1]
The company has a range of 16 types of Blinds, 10 Operating Systems and 2000+ shades of fabrics for interiors of home and office.

  • Market Cap 181 Cr.
  • Current Price 106
  • High / Low 115 / 29.0
  • Stock P/E 59.8
  • Book Value 28.8
  • Dividend Yield 0.00 %
  • ROCE 6.92 %
  • ROE 4.41 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 2.55% 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: Textiles Industry: Textiles - Products

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
8.94 14.63 14.84 9.62 18.23 19.51 21.71 23.43 26.23 26.20
6.16 12.87 12.48 10.75 14.39 18.32 19.18 22.97 23.49 23.14
Operating Profit 2.78 1.76 2.36 -1.13 3.84 1.19 2.53 0.46 2.74 3.06
OPM % 31.10% 12.03% 15.90% -11.75% 21.06% 6.10% 11.65% 1.96% 10.45% 11.68%
0.31 0.31 0.72 0.33 0.53 0.90 0.69 2.16 0.62 0.32
Interest 0.21 0.55 0.69 0.56 0.65 0.71 0.85 0.73 0.78 0.82
Depreciation 1.11 1.10 1.19 1.07 1.07 0.95 1.02 0.88 1.02 0.84
Profit before tax 1.77 0.42 1.20 -2.43 2.65 0.43 1.35 1.01 1.56 1.72
Tax % 32.20% 85.71% 45.00% 2.06% 7.55% 23.26% 8.89% 14.85% 10.26% 14.53%
1.20 0.06 0.65 -2.38 2.46 0.33 1.23 0.86 1.39 1.48
EPS in Rs 0.70 0.17 0.25 -1.52 1.58 0.25 0.62 0.50 0.82 0.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
31.52 25.77 29.12 27.51 40.80 49.26 52.43
23.50 19.11 24.78 24.67 37.07 46.04 46.63
Operating Profit 8.02 6.66 4.34 2.84 3.73 3.22 5.80
OPM % 25.44% 25.84% 14.90% 10.32% 9.14% 6.54% 11.06%
0.18 0.73 0.89 0.82 1.59 2.76 0.94
Interest 2.16 0.51 1.33 1.30 1.56 1.51 1.60
Depreciation 1.82 1.97 2.29 2.14 1.97 1.90 1.86
Profit before tax 4.22 4.91 1.61 0.22 1.79 2.57 3.28
Tax % 26.30% 28.92% 55.90% 68.18% 12.29% 12.06%
3.11 3.50 0.72 0.07 1.57 2.26 2.87
EPS in Rs 1.83 2.05 0.16 0.02 0.79 1.19 1.69
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: 95%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 67%
1 Year: 170%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17.04 17.04 17.04 17.04 17.04 17.04 17.04
Reserves 22.57 25.47 26.69 26.79 28.28 30.56 31.99
2.32 5.02 11.22 11.13 11.11 13.83 14.43
7.81 11.13 11.14 8.71 10.06 9.99 10.47
Total Liabilities 49.74 58.66 66.09 63.67 66.49 71.42 73.93
12.59 15.49 17.57 15.95 15.85 15.65 15.13
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00
37.15 43.17 48.52 47.72 50.64 55.77 58.80
Total Assets 49.74 58.66 66.09 63.67 66.49 71.42 73.93

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-7.04 2.57 3.17 1.86 -0.68
-4.69 -4.52 -1.01 -2.73 -1.33
0.38 1.11 -1.04 -0.17 2.14
Net Cash Flow -11.34 -0.83 1.12 -1.04 0.13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 73.07 67.28 77.71 71.25 50.19 59.57
Inventory Days 635.99 2,672.53 1,113.66 1,170.18 906.44 779.90
Days Payable 141.98 421.28 191.04 202.81 156.16 150.84
Cash Conversion Cycle 567.08 2,318.53 1,000.33 1,038.61 800.47 688.64
Working Capital Days 241.09 449.70 464.27 479.77 338.52 315.21
ROCE % 11.93% 5.67% 2.78% 5.95% 6.92%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91%
1.87% 1.77% 1.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.22% 25.32% 25.65% 27.08% 27.10% 27.09% 27.10% 27.09% 27.09% 27.09% 27.09% 27.09%
No. of Shareholders 431422403404392358345344347345400402

* 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.

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