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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 509472 | NSE: CRAVATEX

Fundamental Analysis of Cravatex Ltd

Share Price and Basic Stock Data

Last Updated: June 13, 2024, 10:01 pm

Market Cap 104 Cr.
Current Price 402
High / Low686/351
Stock P/E21.5
Book Value 382
Dividend Yield0.75 %
ROCE6.87 %
ROE5.06 %
Face Value 10.0
PEG Ratio0.20

Competitors of Cravatex Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ashoka Metcast Ltd 49.1 Cr. 19.635.7/16.010.2 41.80.00 %6.51 %4.65 % 10.0
Shiv Aum Steels Ltd 424 Cr. 312325/31041.7 77.90.00 %13.3 %10.6 % 10.0
Amrapali Industries Ltd 86.3 Cr. 16.819.5/10.095.9 6.100.00 %%2.91 % 5.00
Danube Industries Ltd 33.3 Cr. 5.5511.9/4.6134.3 2.730.00 %9.03 %6.10 % 2.00
Ambitious Plastomac Company Ltd 4.58 Cr. 7.907.90/4.1376.4 1.290.00 %120 %% 10.0
Industry Average8,723.99 Cr214.8043.0294.520.12%14.99%10.39%8.57

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales164.55123.54156.74159.43154.61162.40170.4287.1083.7456.6057.4537.9050.68
Expenses172.76128.24156.74157.20150.76166.43176.91103.6387.0356.4259.6241.6952.56
Operating Profit-8.21-4.700.002.233.85-4.03-6.49-16.53-3.290.18-2.17-3.79-1.88
OPM %-4.99%-3.80%0.00%1.40%2.49%-2.48%-3.81%-18.98%-3.93%0.32%-3.78%-10.00%-3.71%
Other Income6.482.382.292.123.141.502.52107.576.591.586.035.822.68
Interest3.283.153.013.324.003.694.863.511.310.080.080.130.11
Depreciation4.204.144.154.133.953.948.852.910.440.470.530.490.39
Profit before tax-9.21-9.61-4.87-3.10-0.96-10.16-17.6884.621.551.213.251.410.30
Tax %31.05%-14.46%-23.82%-18.06%184.38%-9.25%-8.54%-0.90%-147.74%64.46%4.00%43.97%-70.00%
Net Profit-6.36-11.00-6.04-3.660.82-11.11-19.1885.383.840.423.110.790.50
EPS in Rs-24.61-42.57-23.37-14.163.17-42.99-74.22330.3914.861.6312.033.061.93

Last Updated: June 9, 2024, 2:53 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 29, 2024, 10:48 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales220244232255266356718865532594504203
Expenses207230218249271361694843543592533210
Operating Profit1213146-5-62421-112-30-8
OPM %6%5%6%2%-2%-2%3%2%-2%0%-6%-4%
Other Income54334445131011816
Interest5810131156141514140
Depreciation1343366151716162
Profit before tax1073-7-15-1217-2-30-19586
Tax %27%27%28%-8%9%-2%37%-95%-3%-7%-1%22%
Net Profit752-8-14-1211-5-31-20595
EPS in Rs28.8718.889.25-30.65-53.67-47.7541.25-18.23-118.45-76.97228.0418.69
Dividend Payout %12%18%22%0%0%-2%5%-16%-3%-4%1%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-28.57%-60.00%-500.00%-75.00%14.29%191.67%-145.45%-520.00%35.48%395.00%-91.53%
Change in YoY Net Profit Growth (%)0.00%-31.43%-440.00%425.00%89.29%177.38%-337.12%-374.55%555.48%359.52%-486.53%

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:-22%
3 Years:-28%
TTM:-60%
Compounded Profit Growth
10 Years:0%
5 Years:-14%
3 Years:29%
TTM:111%
Stock Price CAGR
10 Years:-2%
5 Years:5%
3 Years:11%
1 Year:0%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:5%

Last Updated: June 17, 2024, 6:50 am

Balance Sheet

Last Updated: May 29, 2024, 10:48 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital333333333333
Reserves3640413319717-4-31-529096
Preference Capital0000064656484800
Borrowings466766721354152138718800
Other Liabilities59515467631582283053433274426
Total Liabilities143160164175220208299442385365137125
Fixed Assets3129292853484892766289
CWIP000000000000
Investments00000612515558
Other Assets112131135147167155250325294298124108
Total Assets143160164175220208299442385365137125

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 0035-13-532-4-814419
Cash from Investing Activity 00-24-43-37211442-1
Cash from Financing Activity 0038-34-037-21-4-168-0
Net Cash Flow0050-51-232-431817

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow12.0013.0014.006.00-5.00-70.00-41.00-43.00-95.00-78.00-30.00-8.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days9611311510684106767298821925
Inventory Days87871241248453604985842928
Days Payable516166716589162523362125
Cash Conversion Cycle13213917315910270120951601302728
Working Capital Days891111261107162444672661630
ROCE %21%15%12%5%-3%-6%18%6%-6%-2%-24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%25.00%25.01%24.99%25.00%24.99%25.00%24.99%25.00%
No. of Shareholders1,8501,8201,7491,7221,7111,6971,7841,7752,1142,0982,1192,308

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)18.68228.05-76.96-118.45-18.24
Diluted EPS (Rs.)18.68228.05-76.96-118.45-18.24
Cash EPS (Rs.)25.97290.52-13.62-50.9639.72
Book Value[Excl.RevalReserv]/Share (Rs.)382.02357.4298.58181.71271.15
Book Value[Incl.RevalReserv]/Share (Rs.)382.02357.4298.58181.71271.15
Revenue From Operations / Share (Rs.)784.121948.992299.882058.193345.90
PBDIT / Share (Rs.)32.66-69.1643.747.7899.67
PBIT / Share (Rs.)25.37-131.63-19.60-59.7141.70
PBT / Share (Rs.)23.84225.73-71.76-115.13-9.38
Net Profit / Share (Rs.)18.68228.05-76.96-118.45-18.24
NP After MI And SOA / Share (Rs.)18.68228.05-76.95-118.45-18.24
PBDIT Margin (%)4.16-3.541.900.372.97
PBIT Margin (%)3.23-6.75-0.85-2.901.24
PBT Margin (%)3.0411.58-3.12-5.59-0.28
Net Profit Margin (%)2.3811.70-3.34-5.75-0.54
NP After MI And SOA Margin (%)2.3811.70-3.34-5.75-0.54
Return on Networth / Equity (%)4.8963.800.000.000.00
Return on Capital Employeed (%)6.42-36.18-3.18-9.165.43
Return On Assets (%)3.8743.12-5.45-7.94-1.06
Long Term Debt / Equity (X)0.000.00-2.14-2.98-81.38
Total Debt / Equity (X)0.000.00-3.36-5.47-157.02
Asset Turnover Ratio (%)1.550.010.010.010.01
Current Ratio (X)5.112.951.431.391.40
Quick Ratio (X)4.642.270.971.001.06
Interest Coverage Ratio (X)21.30-1.340.830.141.95
Interest Coverage Ratio (Post Tax) (X)13.18-2.50-0.47-1.140.64
Enterprise Value (Cr.)36.9226.37297.69268.76266.22
EV / Net Operating Revenue (X)0.180.050.500.500.30
EV / EBITDA (X)4.37-1.4826.34133.6510.34
MarketCap / Net Operating Revenue (X)0.550.160.150.140.09
Price / BV (X)1.140.89-1.87-2.65-81.82
Price / Net Operating Revenue (X)0.550.160.150.140.09
EarningsYield0.040.71-0.21-0.40-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 418.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 4.15% compared to the current price 402

Intrinsic Value: 866.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 115.50% compared to the current price ₹402

Last 5 Year EPS CAGR: 106.91%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (415.75 cr) and profit (1.33 cr) over the years.
  1. The stock has a low average ROCE of 3.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 70.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 111.25, which may not be favorable.
  4. The company has higher borrowings (29.75) compared to reserves (24.33), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cravatex Ltd:
    1. Net Profit Margin: 2.38%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.42% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 4.89% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 13.18
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.64
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 21.5 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Cravatex Ltd. is a Public Limited Listed company incorporated on 22/06/1951 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L93010MH1951PLC008546 and registration number is 008546. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 2.44 Cr. and Equity Capital is Rs. 2.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsGround Floor, (East Wing), Mumbai Maharashtra 400001investors@cravatex.com
http://www.cravatex.com
Management
NamePosition Held
Mr. Rajesh BatraChairman & Managing Director
Dr. S D IsraniIndependent Director
Mr. N SanthanamIndependent Director
Mrs. Pheroza Jimmy BilimoriaIndependent Director
Mr. Divakar G KamathExecutive Director & CFO
Mr. Rohan BatraNon Executive Director

FAQ

What is the latest fair value of Cravatex Ltd?

The latest fair value of Cravatex Ltd is ₹418.69.

What is the Market Cap of Cravatex Ltd?

The Market Cap of Cravatex Ltd is 104 Cr..

What is the current Stock Price of Cravatex Ltd as on 24 June 2024?

The current stock price of Cravatex Ltd as on 24 June 2024 is ₹402.

What is the High / Low of Cravatex Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cravatex Ltd stocks is 686/351.

What is the Stock P/E of Cravatex Ltd?

The Stock P/E of Cravatex Ltd is 21.5.

What is the Book Value of Cravatex Ltd?

The Book Value of Cravatex Ltd is 382.

What is the Dividend Yield of Cravatex Ltd?

The Dividend Yield of Cravatex Ltd is 0.75 %.

What is the ROCE of Cravatex Ltd?

The ROCE of Cravatex Ltd is 6.87 %.

What is the ROE of Cravatex Ltd?

The ROE of Cravatex Ltd is 5.06 %.

What is the Face Value of Cravatex Ltd?

The Face Value of Cravatex Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cravatex Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE