WEBSITE BSE:542206 NSE: NIVAKA Inc. Year: 1983 Industry: Retailing My Bucket: Add Stock
Last updated: 11:21
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1. Business Overview
Nivaka Fashions Ltd. operates in the retailing sector, specifically within the fashion industry in India. Based on its name and industry, the company is primarily involved in the design, sourcing, manufacturing, and/or sale of fashion apparel, accessories, or related lifestyle products. Its core business model likely involves selling these fashion items directly to consumers (B2C) through various retail channels, which may include physical stores, online platforms (e-commerce), or a combination of both. The company generates revenue by selling its merchandise at a markup, profiting from the difference between its cost of goods sold and its selling price.
2. Key Segments / Revenue Mix
Specific information regarding Nivaka Fashions Ltd.'s key business segments or detailed revenue mix is not publicly available. In the fashion retail industry, common segmentations could include categories like men's wear, women's wear, kids' wear, specific product lines (e.g., ethnic wear, western wear, casual wear), or different retail channels (e.g., online sales vs. brick-and-mortar sales). Without further data, it is not possible to provide a breakdown of major segments or their contribution to revenue.
3. Industry & Positioning
Nivaka Fashions Ltd. operates in the highly dynamic and competitive Indian fashion retail industry. This industry is characterized by a blend of organized and unorganized players, ranging from large national and international brands to numerous local boutiques and online-only retailers. Key industry characteristics include rapid trend changes, significant impact of festive seasons, increasing penetration of e-commerce, and a growing consumer base with evolving tastes. Without specific market share data, brand recognition, or store count, Nivaka's exact positioning relative to peers cannot be determined. It likely competes with established fashion retailers, emerging direct-to-consumer (D2C) brands, and a multitude of smaller local businesses in its target segments.
4. Competitive Advantage (Moat)
Without specific company details, it is challenging to identify durable competitive advantages for Nivaka Fashions Ltd. In the fashion retail space, potential moats can include:
Strong Brand Equity: A well-recognized and trusted brand can command premium pricing and customer loyalty.
Scale & Supply Chain Efficiency: Large-scale operations can lead to cost advantages in sourcing, manufacturing, and distribution.
Unique Design & Product Differentiation: A distinct aesthetic or innovative product offering can attract and retain customers.
Extensive Retail Network / E-commerce Prowess: A wide physical presence or a highly effective online sales channel.
Customer Loyalty Programs: Effective strategies to foster repeat purchases.
However, establishing and maintaining such advantages is difficult in a trend-driven and highly competitive market. More information on Nivaka's operational history and market presence would be required to assess any sustainable competitive advantage.
5. Growth Drivers
Key factors that could drive Nivaka Fashions Ltd.'s growth over the next 3-5 years include:
Rising Disposable Incomes: Increasing affluence among Indian consumers drives discretionary spending on fashion.
Urbanization & Changing Lifestyles: Growing urban populations and evolving fashion sensibilities lead to higher demand for modern and branded apparel.
E-commerce Penetration: Expansion into or strengthening of online sales channels to reach a wider customer base across India.
Store Expansion: Opening new physical retail outlets in strategic locations to increase market reach (if primarily offline).
Product Diversification & Innovation: Introducing new product lines, styles, and categories to cater to diverse customer preferences and capture new markets.
Marketing & Brand Building: Effective campaigns to enhance brand visibility and appeal among target demographics.
6. Risks
Nivaka Fashions Ltd. faces several inherent risks:
Intense Competition: The Indian fashion retail market is highly fragmented and competitive, potentially leading to pricing pressures and margin erosion.
Rapidly Changing Fashion Trends: Failure to adapt quickly to evolving consumer preferences can result in inventory obsolescence and markdown losses.
Inventory Management: Balancing stock levels to meet demand without overstocking or understocking is crucial and complex.
Supply Chain Disruptions: Reliance on a global or domestic supply chain makes the company vulnerable to disruptions (e.g., raw material price fluctuations, logistics issues).
Economic Slowdown: Discretionary spending on fashion is sensitive to economic downturns and inflationary pressures.
E-commerce Competition: Growing dominance of large online retailers and marketplaces poses a challenge for standalone brands.
Execution Risk: Challenges in executing expansion plans, managing new product launches, or maintaining brand quality.
7. Management & Ownership
Specific details about Nivaka Fashions Ltd.'s management team, their experience, or the quality of governance are not available. In India, many companies, particularly those not widely covered, are often promoter-led, meaning the founding family or individuals maintain significant ownership and control over the management. Without further information, it is not possible to assess the management's quality or provide a detailed breakdown of the ownership structure beyond inferring potential promoter control and public shareholding.
8. Outlook
The outlook for Nivaka Fashions Ltd. presents both opportunities and challenges. The Indian fashion retail market is poised for significant growth driven by favorable demographics, rising incomes, and increasing digitalization. This provides a substantial addressable market for Nivaka to potentially expand its footprint and increase sales. However, the sector is also characterized by intense competition, rapid trend shifts, and the need for efficient inventory and supply chain management. For Nivaka to succeed, it will need to demonstrate strong capabilities in understanding consumer preferences, maintaining a dynamic product portfolio, building a compelling brand identity, and effectively managing its retail channels (both offline and online). Success will heavily depend on its execution strategy, adaptability to market changes, and ability to carve out a distinct niche amidst a crowded landscape.
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Market Cap ₹11 Cr.
Stock P/E -21.8
P/B 1.4
Current Price ₹1.1
Book Value ₹ 0.8
Face Value 1
52W High ₹5.4
Dividend Yield 0%
52W Low ₹ 1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Expenditure | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Operating Profit | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -1 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | -0 | 0 | -0 | 0 | -0 |
| Profit After Tax | 0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -1 | -1 |
| Adjusted Earnings Per Share | 0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0.1 | -0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6 | 5 | 15 | 36 | 36 | 22 | 22 | 12 | 4 | 2 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 |
| Total Income | 6 | 6 | 15 | 37 | 37 | 23 | 23 | 12 | 5 | 2 | 2 | 1 |
| Total Expenditure | 6 | 6 | 15 | 34 | 34 | 23 | 22 | 11 | 4 | 2 | 2 | 1 |
| Operating Profit | 0 | 0 | 0 | 3 | 2 | -1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 3 | 2 | -1 | 1 | 0 | 0 | -0 | -0 | -2 |
| Provision for Tax | 0 | 0 | 0 | 1 | 1 | 0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 2 | 2 | -1 | 1 | 0 | 0 | -0 | -1 | -2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 2 | 2 | -1 | 1 | 0 | 0 | -0 | -1 | -2 |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0 | 0.2 | -0.1 | 0.1 | 0 | 0 | -0 | -0 | -0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -56% | -46% | -16% |
| Operating Profit CAGR | 0% | -100% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -69% | -29% | -31% | NA% |
| ROE Average | -5% | -2% | 0% | 5% |
| ROCE Average | -3% | -1% | 1% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 6 | 6 | 6 | 8 | 10 | 9 | 10 | 10 | 10 | 10 | 10 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 2 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 2 | 1 | 1 |
| Total Current Liabilities | 7 | 4 | 6 | 13 | 9 | 20 | 24 | 12 | 3 | 1 | 2 |
| Total Liabilities | 13 | 11 | 14 | 22 | 20 | 30 | 34 | 23 | 15 | 13 | 14 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 |
| Other Non-Current Assets | 2 | 3 | 0 | 4 | 12 | 15 | 13 | 8 | 7 | 7 | 6 |
| Total Current Assets | 11 | 8 | 14 | 18 | 8 | 15 | 20 | 15 | 6 | 5 | 6 |
| Total Assets | 13 | 11 | 14 | 22 | 20 | 30 | 34 | 23 | 15 | 13 | 14 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow from Operating Activities | -4 | -0 | 0 | 0 | 4 | 4 | -1 | -6 | 1 | 1 | -1 |
| Cash Flow from Investing Activities | -2 | 0 | -1 | -0 | -3 | -4 | 1 | 5 | -1 | 1 | 0 |
| Cash Flow from Financing Activities | 2 | -0 | 1 | -0 | -2 | 0 | 0 | -0 | -0 | -0 | -0 |
| Net Cash Inflow / Outflow | -4 | -0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | 1 | -1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0.02 | 0.23 | 0.17 | -0.08 | 0.06 | 0.03 | 0 | -0.03 | -0.05 |
| CEPS(Rs) | 0.01 | 0.02 | 0.02 | 0.23 | 0.18 | -0.07 | 0.08 | 0.06 | 0.03 | 0.03 | 0 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 0 | 0.6 | 0.83 | 1 | 0.92 | 0.98 | 1.01 | 1.01 | 0.98 | 0.93 |
| Core EBITDA Margin(%) | -3.18 | -4.46 | -0.62 | 7.11 | 4.87 | -7.88 | -0.7 | 4.96 | -3.7 | -10.59 | -10.65 |
| EBIT Margin(%) | 1.51 | 2.03 | 1.82 | 8.68 | 6.63 | -3.86 | 2.77 | 2.84 | 3.53 | -4.25 | -20.18 |
| Pre Tax Margin(%) | 1.49 | 1.98 | 1.59 | 8.68 | 6.63 | -3.86 | 2.73 | 2.55 | 2.35 | -16.79 | -33.7 |
| PAT Margin (%) | 1.49 | 1.98 | 1.22 | 6.51 | 4.95 | -3.86 | 2.82 | 2.4 | 0.55 | -16.02 | -34.38 |
| Cash Profit Margin (%) | 1.5 | 1.98 | 1.22 | 6.54 | 5.08 | -3.18 | 3.92 | 4.78 | 6.31 | 18.94 | 0.64 |
| ROA(%) | 0.65 | 0.88 | 1.48 | 13.2 | 8.62 | -3.34 | 1.92 | 1.01 | 0.12 | -1.82 | -3.76 |
| ROE(%) | 1.48 | 1.81 | 2.98 | 32.1 | 19.11 | -8.44 | 6.33 | 2.83 | 0.22 | -2.51 | -5.12 |
| ROCE(%) | 1.31 | 1.63 | 3.73 | 37.1 | 24.37 | -8.23 | 5.97 | 3.16 | 1.33 | -0.63 | -2.84 |
| Receivable days | 372.96 | 330.89 | 85.45 | 77.66 | 88.65 | 144.26 | 227 | 396.92 | 597.96 | 368.18 | 284.59 |
| Inventory Days | 0 | 23.27 | 18.14 | 14.52 | 18.72 | 39.66 | 51.02 | 83.88 | 176.61 | 414.89 | 425.4 |
| Payable days | 379.08 | 337.45 | 121.58 | 99.15 | 111.96 | 247.79 | 409.59 | 1076.43 | 3177.92 | 2218.92 | 1133.19 |
| PER(x) | 0 | 0 | 0 | 0 | 53.08 | 0 | 125.38 | 269.75 | 1413.64 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 9.26 | 12.72 | 7.68 | 7.54 | 3.09 | 4.28 | 4.04 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.11 | 1.2 | 0.47 | 0.17 | 2.63 | 5.57 | 3.54 | 6.51 | 7.84 | 26.5 | 26.78 |
| EV/Core EBITDA(x) | 73.77 | 58.76 | 25.85 | 1.98 | 38.96 | -175.27 | 91.63 | 124.7 | 84.44 | 86.29 | 180.47 |
| Net Sales Growth(%) | 0 | -7.25 | 174.52 | 143.64 | 0.4 | -40.53 | 1.12 | -44.9 | -65.68 | -61.18 | -8.43 |
| EBIT Growth(%) | 0 | 25.06 | 145.29 | 1064.51 | -23.28 | -134.6 | 172.65 | -43.49 | -57.44 | -146.8 | -334.85 |
| PAT Growth(%) | 0 | 22.91 | 68.74 | 1202.39 | -23.57 | -146.33 | 174 | -53.13 | -92.13 | -1229.07 | -96.53 |
| EPS Growth(%) | 0 | 0 | 68.74 | 1202.39 | 0 | -146.33 | 173.98 | -53.09 | -92.17 | -1236.36 | -96.4 |
| Debt/Equity(x) | 0.14 | 0.13 | 0.25 | 0.08 | 0.02 | 0.03 | 0.05 | 0.07 | 0.05 | 0.05 | 0.07 |
| Current Ratio(x) | 1.66 | 2 | 2.33 | 1.42 | 0.87 | 0.73 | 0.85 | 1.21 | 2.27 | 4.46 | 2.26 |
| Quick Ratio(x) | 1.66 | 1.91 | 2.13 | 1.28 | 0.65 | 0.6 | 0.71 | 1.03 | 1.54 | 2.71 | 1.61 |
| Interest Cover(x) | 117.68 | 39.12 | 8.02 | 2471.38 | 0 | 0 | 70.52 | 9.64 | 3 | -0.34 | -1.49 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 | 24.49 |
| FII | 0 | 0.58 | 1.33 | 2.08 | 2.47 | 2.47 | 2.89 | 4.77 | 4.77 | 4.77 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 75.51 | 74.92 | 74.18 | 73.42 | 73.03 | 73.03 | 72.61 | 70.74 | 70.74 | 70.74 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 |
| FII | 0 | 0.06 | 0.14 | 0.21 | 0.25 | 0.25 | 0.3 | 0.49 | 0.49 | 0.49 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 7.75 | 7.69 | 7.62 | 7.54 | 7.5 | 7.5 | 7.46 | 7.26 | 7.26 | 7.26 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 | 10.27 |
* The pros and cons are machine generated.
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