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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 521163 | NSE: ZODIACLOTH

Fundamental Analysis of Zodiac Clothing Company Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:32 am

Market Cap 307 Cr.
Current Price 119
High / Low151/92.1
Stock P/E
Book Value 101
Dividend Yield0.00 %
ROCE4.27 %
ROE8.34 %
Face Value 10.0

Data Source: screener.in

Competitors of Zodiac Clothing Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bella Casa Fashion & Retail Ltd 339 Cr. 295324/11539.8 69.90.27 %11.7 %10.7 % 10.0
VIP Clothing Ltd 318 Cr. 38.659.8/33.0 18.00.00 %4.92 %1.35 % 2.00
Monte Carlo Fashions Ltd 1,300 Cr. 627918/60513.0 3563.19 %20.4 %18.1 % 10.0
Jet Knitwears Ltd 59.5 Cr. 135139/50.056.1 50.90.00 %7.88 %5.53 % 10.0
SPL Industries Ltd 174 Cr. 59.880.8/52.215.1 66.60.00 %18.7 %13.6 % 10.0
Industry Average438.10 Cr231.0824.80112.280.69%12.72%9.86%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales27.3034.1319.3329.8838.6238.8240.6046.0546.0742.0932.9832.2536.51
Expenses32.8537.3926.0935.4640.8642.6742.7445.9647.5646.0538.7135.8140.02
Operating Profit-5.55-3.26-6.76-5.58-2.24-3.85-2.140.09-1.49-3.96-5.73-3.56-3.51
OPM %-20.33%-9.55%-34.97%-18.67%-5.80%-9.92%-5.27%0.20%-3.23%-9.41%-17.37%-11.04%-9.61%
Other Income5.114.595.573.7314.143.271.881.760.9643.011.96-0.317.34
Interest1.962.051.641.611.561.361.681.771.841.541.451.781.67
Depreciation4.814.904.954.724.534.374.514.454.424.324.165.044.78
Profit before tax-7.21-5.62-7.78-8.185.81-6.31-6.45-4.37-6.7933.19-9.38-10.69-2.62
Tax %1.11%5.69%-0.39%2.44%-3.10%-4.12%-5.27%19.22%-4.12%-0.54%2.35%-2.25%-3.82%
Net Profit-7.13-5.30-7.81-7.985.99-6.57-6.79-3.53-7.0733.37-9.16-10.93-2.72
EPS in Rs-3.17-2.14-3.15-3.222.42-2.65-2.74-1.43-2.8612.84-3.52-4.20-1.05

Last Updated: April 10, 2024, 5:28 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 1:32 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales375357405391349280238216191100127175144
Expenses347326363369344289260227182122143180161
Operating Profit283142225-8-22-119-22-17-5-17
OPM %7%9%10%6%2%-3%-9%-5%5%-22%-13%-3%-12%
Other Income63363211131225264652
Interest445555561510786
Depreciation8101010111211113523191818
Profit before tax22203113-8-4-26-25-30-30-161610
Tax %19%30%28%29%2%-3%10%-7%4%1%1%-3%
Net Profit1814229-8-4-23-27-29-29-161611
EPS in Rs9.217.2311.354.62-4.21-2.24-12.03-12.58-12.89-11.87-6.616.154.07
Dividend Payout %33%48%40%67%-24%-45%-8%-8%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-22.22%57.14%-59.09%-188.89%50.00%-475.00%-17.39%-7.41%0.00%44.83%200.00%
Change in YoY Net Profit Growth (%)0.00%79.37%-116.23%-129.80%238.89%-525.00%457.61%9.98%7.41%44.83%155.17%

Growth

Compounded Sales Growth
10 Years:-7%
5 Years:-6%
3 Years:-3%
TTM:-16%
Compounded Profit Growth
10 Years:%
5 Years:1%
3 Years:7%
TTM:-19%
Stock Price CAGR
10 Years:-8%
5 Years:-14%
3 Years:8%
1 Year:22%
Return on Equity
10 Years:-5%
5 Years:-9%
3 Years:-8%
Last Year:-8%

Last Updated: April 17, 2024, 9:35 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191920202020212225252626
Reserves212223241248243280268268237231222253236
Borrowings565550587259676414290736475
Other Liabilities57627971625256563934393341
Total Liabilities345359389396396410411409440380359376379
Fixed Assets118120123131142142135128193151125116121
CWIP19246533321347
Investments20465048647256542836518478
Other Assets187191212210184193217224217191181172173
Total Assets345359389396396410411409440380359376379

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17283914193-37-2511-9-51
Cash from Investing Activity -7-20-18-16-381634-10338716
Cash from Financing Activity -0-10-10-17-17135-36-2-10-15
Net Cash Flow10-211-3-122-1-17-2-82

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-28.00-24.00-8.00-36.00-67.00-67.00-89.00-75.00-133.00-112.00-90.00-69.00

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

Zodiac Clothing Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days324038403229453933656252
Inventory Days165171157169185221291428471648456273
Days Payable657583787892136108120196187107
Cash Conversion Cycle132136112131140159200359384517331217
Working Capital Days8489718181123169208229370237172
ROCE %9%8%11%5%-1%-2%-6%-4%-4%-5%-3%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.98%69.98%69.98%69.98%69.98%69.98%69.97%69.97%71.40%71.40%71.40%71.40%
FIIs0.03%0.00%0.00%0.03%0.00%0.00%0.00%0.01%0.00%0.04%0.00%0.00%
Public29.99%30.02%30.02%29.99%30.02%30.02%30.02%30.01%28.58%28.55%28.59%28.60%
No. of Shareholders8,0419,0649,1178,9118,9018,9899,3349,0978,8018,7949,76510,386

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.42-6.61-13.04-13.10-13.07
Diluted EPS (Rs.)6.42-6.61-13.04-13.10-13.07
Cash EPS (Rs.)12.960.89-2.422.89-7.55
Book Value[Excl.RevalReserv]/Share (Rs.)107.4099.49103.44115.27142.74
Book Value[Incl.RevalReserv]/Share (Rs.)107.4099.49103.44115.27142.74
Revenue From Operations / Share (Rs.)67.2551.1540.4384.89101.35
PBDIT / Share (Rs.)0.423.341.078.57-3.26
PBIT / Share (Rs.)-6.39-4.16-8.37-7.20-8.29
PBT / Share (Rs.)5.99-6.65-12.02-13.37-11.76
Net Profit / Share (Rs.)6.15-6.61-11.87-12.89-12.58
NP After MI And SOA / Share (Rs.)6.15-6.61-11.87-12.89-12.58
PBDIT Margin (%)0.626.532.6510.09-3.21
PBIT Margin (%)-9.50-8.12-20.70-8.48-8.17
PBT Margin (%)8.91-12.99-29.73-15.74-11.60
Net Profit Margin (%)9.14-12.92-29.35-15.17-12.41
NP After MI And SOA Margin (%)9.14-12.92-29.35-15.17-12.41
Return on Networth / Equity (%)5.72-6.64-11.47-11.17-8.81
Return on Capital Employeed (%)-5.44-3.75-6.88-4.78-5.78
Return On Assets (%)4.19-4.51-7.63-6.48-6.55
Long Term Debt / Equity (X)0.010.020.030.060.00
Total Debt / Equity (X)0.130.190.170.230.20
Asset Turnover Ratio (%)0.470.350.250.460.55
Current Ratio (X)2.061.491.891.691.89
Quick Ratio (X)1.280.700.970.871.05
Inventory Turnover Ratio (X)0.990.680.400.780.92
Dividend Payout Ratio (NP) (%)0.000.000.00-7.35-7.28
Dividend Payout Ratio (CP) (%)0.000.000.0032.79-12.13
Earning Retention Ratio (%)0.000.000.00107.35107.28
Cash Earning Retention Ratio (%)0.000.000.0067.21112.13
Interest Coverage Ratio (X)0.161.340.291.39-1.60
Interest Coverage Ratio (Post Tax) (X)-2.37-1.65-2.25-1.09-4.47
Enterprise Value (Cr.)237.25286.60255.70263.57520.63
EV / Net Operating Revenue (X)1.362.262.551.382.41
EV / EBITDA (X)216.7634.6296.1413.68-75.03
MarketCap / Net Operating Revenue (X)1.211.962.291.182.22
Retention Ratios (%)0.000.000.00107.35107.28
Price / BV (X)0.751.010.890.871.57
Price / Net Operating Revenue (X)1.211.962.291.182.22
EarningsYield0.07-0.06-0.12-0.12-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 128.88

The stock is undervalued by 8.30% compared to the current price ₹119

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (243.23 cr) compared to borrowings (71.15 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 0.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 159.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 234.83, which may not be favorable.
  4. The company has not shown consistent growth in sales (257.54) and profit (-2.08).

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 Zodiac Clothing Company Ltd:
    1. Net Profit Margin: 9.14%
      • 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: -5.44% (Industry Average ROCE: 12.72%)
      • 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%: 5.72% (Industry Average ROE: 9.86%)
      • 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): -2.37
      • 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: 1.28
      • 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 of N/A (Industry average Stock P/E: 24.8)
      • 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: 0.13
      • 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

Zodiac Clothing Company Ltd. is a Public Limited Listed company incorporated on 14/06/1984 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17100MH1984PLC033143 and registration number is 033143. Currently Company is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company’s Total Operating Revenue is Rs. 128.24 Cr. and Equity Capital is Rs. 24.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsNyloc House, 254, D-2, Dr. Annie Besant Road, Mumbai Maharashtra 400030contactus@zodiacmtc.com
http://www.zodiaconline.com
Management
NamePosition Held
Mr. A Y NooraniChairman
Mr. S Y NooraniVice Chairman & Mng.Director
Mr. V M ApteDirector
Mr. S R IyerDirector
Mr. Y P TrivediDirector
Dr. Naushad ForbesDirector
Mr. Bernhard SteinrueckeDirector
Ms. Elizabeth Jane HulseDirector

Zodiac Clothing Company Ltd. Share Price Update

Share PriceValue
Today₹118.70
Previous Day₹117.30

FAQ

What is the latest fair value of Zodiac Clothing Company Ltd?

The latest fair value of Zodiac Clothing Company Ltd is ₹128.88.

What is the Market Cap of Zodiac Clothing Company Ltd?

The Market Cap of Zodiac Clothing Company Ltd is 307 Cr..

What is the current Stock Price of Zodiac Clothing Company Ltd as on 23 April 2024?

The current stock price of Zodiac Clothing Company Ltd as on 23 April 2024 is 119.

What is the High / Low of Zodiac Clothing Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Zodiac Clothing Company Ltd stocks is ₹151/92.1.

What is the Stock P/E of Zodiac Clothing Company Ltd?

The Stock P/E of Zodiac Clothing Company Ltd is .

What is the Book Value of Zodiac Clothing Company Ltd?

The Book Value of Zodiac Clothing Company Ltd is 101.

What is the Dividend Yield of Zodiac Clothing Company Ltd?

The Dividend Yield of Zodiac Clothing Company Ltd is 0.00 %.

What is the ROCE of Zodiac Clothing Company Ltd?

The ROCE of Zodiac Clothing Company Ltd is 4.27 %.

What is the ROE of Zodiac Clothing Company Ltd?

The ROE of Zodiac Clothing Company Ltd is 8.34 %.

What is the Face Value of Zodiac Clothing Company Ltd?

The Face Value of Zodiac Clothing Company 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 Zodiac Clothing Company 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