Zodiac Clothing Company Ltd

About [ edit ]

Zodiac Clothing Company is a leading garment manufacturing Company and having retail stores spread across India.

  • Market Cap 289 Cr.
  • Current Price 117
  • High / Low 146 / 85.0
  • Stock P/E
  • Book Value 97.7
  • Dividend Yield 0.00 %
  • ROCE -4.30 %
  • ROE -10.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.20 times its book value
  • Promoter holding has increased by 3.05% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.36% over past five years.
  • Company has a low return on equity of -8.78% for last 3 years.
  • Earnings include an other income of Rs.26.94 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
90.84 54.03 47.59 60.12 54.10 51.64 44.13 52.10 42.95 11.92 26.75 27.30
91.37 58.88 55.46 60.06 54.99 54.14 43.23 44.42 41.90 21.60 33.01 32.85
Operating Profit -0.53 -4.85 -7.87 0.06 -0.89 -2.50 0.90 7.68 1.05 -9.68 -6.26 -5.55
OPM % -0.58% -8.98% -16.54% 0.10% -1.65% -4.84% 2.04% 14.74% 2.44% -81.21% -23.40% -20.33%
Other Income 0.20 -0.08 2.63 2.86 -1.84 2.38 4.47 1.17 4.12 6.14 11.57 5.11
Interest 0.80 0.78 1.02 0.86 1.68 3.72 3.47 3.44 3.24 2.78 2.25 1.96
Depreciation 2.83 2.71 2.66 2.63 2.71 9.19 8.28 8.89 9.10 8.11 5.57 4.81
Profit before tax -3.96 -8.42 -8.92 -0.57 -7.12 -13.03 -6.38 -3.48 -7.17 -14.43 -2.51 -7.21
Tax % 28.79% -14.85% 10.76% 42.11% -23.88% -3.61% 3.92% 27.01% 5.02% -0.55% 2.79% 1.11%
Net Profit -2.82 -9.67 -7.96 -0.33 -8.82 -13.50 -6.13 -2.54 -6.81 -14.51 -2.44 -7.13
EPS in Rs -1.44 -4.95 -3.74 -0.15 -4.14 -6.34 -2.73 -1.13 -3.03 -6.46 -1.09 -3.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
321 313 354 375 357 405 391 349 280 238 216 191 109
298 285 316 347 326 363 369 344 290 260 227 184 129
Operating Profit 23 28 38 28 31 42 22 5 -9 -22 -11 7 -20
OPM % 7% 9% 11% 7% 9% 10% 6% 2% -3% -9% -5% 4% -19%
Other Income 20 20 13 6 3 3 6 3 22 11 3 12 27
Interest 3 3 3 4 4 5 5 5 5 5 6 14 10
Depreciation 6 6 7 8 10 10 10 11 12 11 11 35 28
Profit before tax 34 39 42 22 20 31 13 -8 -4 -26 -25 -30 -31
Tax % 28% 33% 21% 19% 30% 28% 29% 2% -3% 10% -7% 4%
Net Profit 25 26 33 18 14 22 9 -8 -4 -23 -27 -29 -31
EPS in Rs 13.21 13.86 17.28 9.21 7.23 11.35 4.62 -4.21 -2.24 -12.03 -12.58 -12.89 -13.75
Dividend Payout % 22% 22% 19% 33% 48% 40% 67% -24% -45% -8% -8% 0%
Compounded Sales Growth
10 Years:-5%
5 Years:-13%
3 Years:-12%
TTM:-46%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-6%
Stock Price CAGR
10 Years:-7%
5 Years:-10%
3 Years:-9%
1 Year:-15%
Return on Equity
10 Years:0%
5 Years:-7%
3 Years:-9%
Last Year:-11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 8 13 19 19 19 20 20 20 20 21 22 22
Reserves 153 176 200 212 223 241 248 243 280 268 268 237 219
Borrowings 27 32 44 56 55 50 58 72 59 67 64 141 109
65 54 61 57 62 79 71 62 52 56 56 40 46
Total Liabilities 254 271 318 345 359 389 396 396 410 411 409 440 397
91 91 110 118 120 123 131 142 142 135 128 193 159
CWIP 3 10 16 19 2 4 6 5 3 3 3 2 1
Investments 10 10 26 20 46 50 48 64 72 56 54 28 30
149 160 166 187 191 212 210 184 193 217 224 217 207
Total Assets 254 271 318 345 359 389 396 396 410 411 409 440 397

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
36 15 16 17 28 39 14 19 3 -37 -25 11
-14 -11 -39 -7 -20 -18 -16 -38 16 34 -10 33
-14 -10 22 -0 -10 -10 -1 7 -17 1 35 -36
Net Cash Flow 8 -6 -1 10 -2 11 -3 -12 2 -1 -1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 21% 19% 9% 8% 11% 5% -1% -2% -6% -4% -4%
Debtor Days 39 38 36 32 40 38 40 32 29 45 39 33
Inventory Turnover 2.30 2.12 2.49 2.32 2.21 2.45 2.31 2.02 1.65 1.40 0.97 0.78

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
61.45 61.45 65.09 65.09 65.09 66.93 66.93 66.93 66.93 66.93 66.93 69.98
10.20 10.20 8.66 9.35 9.35 8.86 8.86 8.82 8.58 8.01 4.40 0.03
28.35 28.35 26.25 25.55 25.55 24.21 24.20 24.25 24.48 25.05 28.67 29.99

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