Mandhana Retail Ventures Ltd

About [ edit ]

Mandhana Retail Ventures Limited is an India-based retail company. The Company designs, manufactures and sells men's wear, women's wear and accessories under Being Human trademark.

  • Market Cap 26.2 Cr.
  • Current Price 11.8
  • High / Low 16.1 / 6.16
  • Stock P/E
  • Book Value 16.1
  • Dividend Yield 0.00 %
  • ROCE -24.5 %
  • ROE -60.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.74 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.44% over past five years.
  • Promoter holding is low: 33.17%
  • Company has a low return on equity of -14.40% for last 3 years.
  • Promoter holding has decreased over last 3 years: -4.58%

Peer comparison

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
56.91 48.10 52.66 69.76 49.35 45.65 35.79 57.55 13.08 0.01 0.01 -0.04
54.83 46.83 51.24 67.59 49.99 40.66 36.35 51.09 33.51 2.29 2.00 1.70
Operating Profit 2.08 1.27 1.42 2.17 -0.64 4.99 -0.56 6.46 -20.43 -2.28 -1.99 -1.74
OPM % 3.65% 2.64% 2.70% 3.11% -1.30% 10.93% -1.56% 11.23% -156.19% -22,800.00% -19,900.00%
Other Income 0.45 0.19 0.29 0.16 1.56 0.63 0.73 0.06 7.33 1.71 2.24 0.85
Interest 0.73 0.32 0.53 0.31 1.30 1.50 2.34 1.62 1.68 0.10 -0.00 -0.00
Depreciation 0.91 0.98 0.96 0.98 0.93 3.88 4.30 4.27 1.57 0.02 0.02 0.01
Profit before tax 0.89 0.16 0.22 1.04 -1.31 0.24 -6.47 0.63 -16.35 -0.69 0.23 -0.90
Tax % 148.31% 31.25% 40.91% 44.23% -6.87% -41.67% -4.33% -57.14% -56.88% -0.00% -0.00% -0.00%
Net Profit -0.43 0.10 0.13 0.58 -1.40 0.34 -6.74 1.00 -25.65 -0.68 0.24 -0.90
EPS in Rs -0.19 0.05 0.06 0.26 -0.63 0.15 -3.05 0.45 -11.62 -0.31 0.11 -0.41

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
-0 -0 -0 172 218 260 259 220 152 13
0 -0 -0 128 178 232 239 214 161 40
Operating Profit -0 -0 -0 44 40 28 21 6 -9 -26
OPM % 26% 19% 11% 8% 3% -6% -202%
Other Income -0 -0 -0 1 1 2 1 1 8 12
Interest -0 -0 -0 11 6 3 2 3 8 2
Depreciation -0 -0 -0 2 3 3 4 4 14 2
Profit before tax -0 -0 -0 31 33 23 16 0 -22 -18
Tax % -0% 35% 35% 39% 42% 690% -42%
Net Profit -0 -0 -0 20 21 14 9 -1 -31 -27
EPS in Rs 6.33 4.09 -0.27 -14.06 -12.23
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:%
5 Years:-2%
3 Years:-16%
TTM:-93%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-297%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-46%
1 Year:49%
Return on Equity
10 Years:%
5 Years:3%
3 Years:-14%
Last Year:-60%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 0 0 0 22 22 22 22 22
Reserves -0 -0 -0 42 64 36 45 45 14 13
Borrowings 0 0 0 39 20 8 8 8 2 -0
-0 -0 -0 30 64 67 59 45 19 4
Total Liabilities -0 -0 -0 111 148 133 134 121 57 40
-0 -0 -0 22 25 25 26 23 2 0
CWIP -0 -0 -0 -0 -0 0 0 0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
-0 -0 -0 89 123 108 108 98 56 40
Total Assets -0 -0 -0 111 148 133 134 121 57 40

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0 -0 -0 10 31 16 9 2 24
-0 -0 -0 -38 -6 -4 -5 -2 -5
0 -0 0 28 -26 -12 -2 -2 -13
Net Cash Flow -0 -0 -0 0 -0 0 1 -1 5

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 105% 47% 35% 26% 6% -24%
Debtor Days 100 111 19 28 37 15
Inventory Turnover 6.82 3.65 2.07 1.92 2.04 3.62

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
36.54 36.54 34.28 34.07 32.73 31.96 31.96 31.03 28.77 28.31 33.17 33.17
3.02 3.02 3.02 3.02 3.02 3.02 3.02 3.02 0.42 0.42 0.42 0.42
2.11 2.03 2.00 2.00 2.00 1.99 2.00 1.99 1.99 1.99 1.99 1.99
58.33 58.40 60.70 60.92 62.25 63.03 63.02 63.96 68.82 69.28 64.42 64.42

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