Market Cap ₹1109 Cr.
Stock P/E 21.0
P/B 1.3
Current Price ₹172
Book Value ₹ 136.5
Face Value 2
52W High ₹324.6
Dividend Yield 11.63%
52W Low ₹ 165.8
Credo Brands Marketing Ltd is the parent company of Mufti. It’s a big name in India’s men’s casual wear market. The company was started by Kamal Khushlani in the 1990s. Now it offers a wide range of men’s western wear ranging from sweatshirts, jeans, cargo, chinos, jackets, blazers, and sweaters. Over the past 25 years, the brand has expanded their presence over 591 cities across India. It has a vast network of 1,773 retail outlets. These include exclusive brand stores, large format stores, and multi-brand stores. In 2023, the company went public with an IPO. Looking ahead, Credo Brands has big plans. It wants to expand its footprint with a vision to refine the style of every Indian man. The company believes in inspiring people. It wants them to express themselves through their clothing. That’s the vision of Credo Brands. It’s all about individual expression.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2022 | Dec 2022 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|
| Net Sales | 143 | 131 | 166 | 150 |
| Other Income | 1 | 1 | 1 | 1 |
| Total Income | 144 | 131 | 167 | 151 |
| Total Expenditure | 91 | 88 | 109 | 108 |
| Operating Profit | 52 | 44 | 58 | 44 |
| Interest | 4 | 5 | 6 | 7 |
| Depreciation | 13 | 13 | 15 | 16 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 |
| Profit Before Tax | 35 | 26 | 37 | 21 |
| Provision for Tax | 9 | 7 | 9 | 5 |
| Profit After Tax | 26 | 19 | 28 | 16 |
| Adjustments | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 26 | 19 | 28 | 16 |
| Adjusted Earnings Per Share | 0.8 | 0.6 | 4.4 | 2.4 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|
| Net Sales | 245 | 341 | 498 | 590 |
| Other Income | 16 | 14 | 11 | 4 |
| Total Income | 261 | 355 | 509 | 593 |
| Total Expenditure | 196 | 246 | 334 | 396 |
| Operating Profit | 65 | 109 | 175 | 198 |
| Interest | 17 | 15 | 18 | 22 |
| Depreciation | 44 | 46 | 53 | 57 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 48 | 104 | 119 |
| Provision for Tax | 1 | 12 | 26 | 30 |
| Profit After Tax | 3 | 36 | 78 | 89 |
| Adjustments | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 36 | 78 | 89 |
| Adjusted Earnings Per Share | 0.5 | 5.6 | 12.1 | 8.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 46% | 0% | 0% | 0% |
| Operating Profit CAGR | 61% | 0% | 0% | 0% |
| PAT CAGR | 117% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 30% | 16% | 16% | 16% |
| ROCE Average | 45% | 28% | 28% | 28% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Shareholder's Funds | 192 | 236 | 281 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 13 | 10 | 7 |
| Other Non-Current Liabilities | 125 | 131 | 170 |
| Total Current Liabilities | 74 | 84 | 96 |
| Total Liabilities | 405 | 460 | 554 |
| Fixed Assets | 165 | 178 | 235 |
| Other Non-Current Assets | 27 | 31 | 32 |
| Total Current Assets | 213 | 252 | 288 |
| Total Assets | 405 | 460 | 554 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 25 | 36 |
| Cash Flow from Operating Activities | 96 | 78 | 72 |
| Cash Flow from Investing Activities | -6 | -28 | -19 |
| Cash Flow from Financing Activities | -66 | -39 | -82 |
| Net Cash Inflow / Outflow | 24 | 11 | -29 |
| Closing Cash & Cash Equivalent | 25 | 36 | 8 |
| # | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Earnings Per Share (Rs) | 0.54 | 5.6 | 12.06 |
| CEPS(Rs) | 7.44 | 12.79 | 20.36 |
| DPS(Rs) | 0 | 0 | 20 |
| Book NAV/Share(Rs) | 30.02 | 36.64 | 43.62 |
| Core EBITDA Margin(%) | 16.56 | 25.7 | 30.12 |
| EBIT Margin(%) | 7.08 | 17 | 22.35 |
| Pre Tax Margin(%) | 1.37 | 12.93 | 19.09 |
| PAT Margin (%) | 1.18 | 9.66 | 14.25 |
| Cash Profit Margin (%) | 16.23 | 22.06 | 24.07 |
| ROA(%) | 0.85 | 8.26 | 15.28 |
| ROE(%) | 1.8 | 16.8 | 30.14 |
| ROCE(%) | 9.99 | 27.53 | 44.97 |
| Receivable days | 152.64 | 121.36 | 87.54 |
| Inventory Days | 73.07 | 61.34 | 60.11 |
| Payable days | 101.27 | 88.53 | 68.13 |
| PER(x) | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | -0.03 | -0.1 | 0.01 |
| EV/Core EBITDA(x) | -0.12 | -0.32 | 0.03 |
| Net Sales Growth(%) | 0 | 39.35 | 46.02 |
| EBIT Growth(%) | 0 | 203.33 | 93.34 |
| PAT Growth(%) | 0 | 938.65 | 116.88 |
| EPS Growth(%) | 0 | 938.65 | 115.33 |
| Debt/Equity(x) | 0.08 | 0.06 | 0.04 |
| Current Ratio(x) | 2.87 | 3 | 3 |
| Quick Ratio(x) | 2.08 | 2.22 | 1.82 |
| Interest Cover(x) | 1.24 | 4.18 | 6.85 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Mar 2022 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|
| Promoter | 63.32 | 55.4 | 55.4 | 55.24 |
| FII | 0 | 2.92 | 3.56 | 2.72 |
| DII | 0 | 12.15 | 10.43 | 8.45 |
| Public | 36.68 | 29.53 | 30.61 | 33.59 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Mar 2022 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|
| Promoter | 0.2 | 3.56 | 3.56 | 3.56 |
| FII | 0 | 0.19 | 0.23 | 0.18 |
| DII | 0 | 0.78 | 0.67 | 0.55 |
| Public | 0.12 | 1.9 | 1.97 | 2.17 |
| Others | 0 | 0 | 0 | 0 |
| Total | 0.32 | 6.43 | 6.43 | 6.45 |
Pros
Cons
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