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Virat Industries

₹147.3 -3.3 | 2.2%

Market Cap ₹72 Cr.

Stock P/E 60.7

P/B 2.8

Current Price ₹147.3

Book Value ₹ 52.1

Face Value 10

52W High ₹244.4

Dividend Yield 0%

52W Low ₹ 133.6

Virat Industries Research see more...

Overview Inc. Year: 1990Industry: Textile

Virat Industries Share Price

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Peer Comparison

Virat Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 7 7 7 6 8 14 10 10 8 8
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 8 7 7 6 8 14 10 10 9 9
Total Expenditure 6 6 6 5 7 13 9 9 8 9
Operating Profit 1 1 1 0 1 1 1 1 1 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 1 1 0 0 1 1 1 1 0 -0
Provision for Tax 0 0 0 -0 0 0 0 0 0 0
Profit After Tax 1 0 0 0 0 1 1 1 0 -0
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 0 0 1 1 1 0 -0
Adjusted Earnings Per Share 1.2 0.8 0.8 0.1 0.9 1.1 1.1 1.1 0.7 -0.5

Virat Industries Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 21 22 21 26 26 34 24 26 20 25 38 36
Other Income 1 1 1 1 2 2 0 1 1 0 1 0
Total Income 21 23 21 26 27 36 24 27 20 25 38 38
Total Expenditure 17 17 17 21 21 29 21 23 17 22 35 35
Operating Profit 4 6 4 6 6 7 3 4 3 3 4 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 2 2 2 2 2 2 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 5 3 4 5 5 1 2 1 2 2 2
Provision for Tax 1 2 1 1 2 1 0 1 0 0 1 0
Profit After Tax 2 3 2 3 4 3 1 1 1 1 2 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 2 3 4 3 1 1 1 1 2 2
Adjusted Earnings Per Share 4.5 6.7 4.2 6.1 7.2 7 1.3 3 1.6 2.7 3.3 2.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 52% 13% 2% 6%
Operating Profit CAGR 33% 0% -11% 0%
PAT CAGR 100% 26% -8% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -36% 58% 25% 15%
ROE Average 7% 5% 5% 14%
ROCE Average 9% 7% 7% 19%

Virat Industries Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 10 12 13 15 18 20 20 22 23 24 25
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 4 1 3 5 1 1 0 0 0 -0
Total Current Liabilities 4 5 6 7 3 6 3 4 3 4 5
Total Liabilities 15 21 21 25 26 27 24 27 26 28 30
Fixed Assets 6 6 5 6 9 11 10 9 7 6 5
Other Non-Current Assets 1 4 2 4 5 2 1 1 0 0 0
Total Current Assets 8 11 14 15 12 14 13 17 18 22 25
Total Assets 15 21 21 25 26 27 24 27 26 28 30

Virat Industries Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 1 1 0 1 0 1 4 4
Cash Flow from Operating Activities 2 2 4 5 2 2 3 1 4 0 -2
Cash Flow from Investing Activities -2 -2 -1 -4 -1 -3 -1 -2 0 0 0
Cash Flow from Financing Activities -1 -0 -2 -1 -2 2 -2 1 -1 -0 -1
Net Cash Inflow / Outflow 0 0 1 -0 -1 0 -0 1 3 -0 -2
Closing Cash & Cash Equivalent 0 0 1 1 0 1 0 1 4 4 2

Virat Industries Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 4.5 6.67 4.23 6.13 7.16 7.05 1.32 3.01 1.61 2.75 3.29
CEPS(Rs) 6.22 8.6 6.34 8.61 9.92 10.35 5.25 6.89 5.19 6 6.42
DPS(Rs) 1.5 1.8 1.8 2.5 2.5 1.5 0 0 0 1 0
Book NAV/Share(Rs) 20.47 25.03 26.96 30.08 37.49 41.52 41.05 44.11 45.77 48.46 50.77
Core EBITDA Margin(%) 17.93 23.31 17.62 19.82 19.09 14.97 11.86 12.1 10.65 11.68 8.1
EBIT Margin(%) 16.3 22.99 15.14 17.55 19.94 14.91 4.81 7.81 5.03 7.13 5.97
Pre Tax Margin(%) 15.8 22.49 14.72 17.4 19.63 14.51 4.38 7.61 4.73 7 5.78
PAT Margin (%) 10.65 15.18 10.14 11.72 13.73 10.18 2.68 5.62 4.06 5.48 4.3
Cash Profit Margin (%) 14.73 19.57 15.2 16.47 19.03 14.94 10.7 12.86 13.06 11.99 8.38
ROA(%) 15.97 18.09 9.78 13.2 13.9 13.06 2.53 5.85 3.05 5.07 5.58
ROE(%) 23.56 29.32 16.26 21.49 21.19 17.84 3.19 7.08 3.59 5.83 6.64
ROCE(%) 32.15 38.83 22.07 30.77 29.76 24.54 5.37 9.4 4.28 7.49 9.13
Receivable days 27.43 31.09 26.65 9.88 18.37 25.98 46.26 47.98 72.54 59.38 41.44
Inventory Days 66.21 79.08 95.89 73.42 81.43 75.57 102.71 93.91 125.36 109.37 111.42
Payable days 66.18 72.38 72.85 62.02 86.12 83.61 109.05 69.48 63.74 57.09 69.8
PER(x) 4 4.76 12.97 12.58 15.09 23.12 44.71 7.32 22.88 56.73 66.81
Price/Book(x) 0.88 1.27 2.03 2.56 2.88 3.93 1.43 0.5 0.81 3.22 4.33
Dividend Yield(%) 8.33 5.67 3.28 3.24 2.31 0.92 0 0 0 0.64 0
EV/Net Sales(x) 0.42 0.7 1.17 1.26 1.97 2.38 1.16 0.35 0.62 2.86 2.78
EV/Core EBITDA(x) 2.04 2.57 5.8 5.64 7.81 12.08 9.07 2.35 4.44 20.98 27.65
Net Sales Growth(%) 26.52 4.52 -5.08 25.41 -0.31 32.79 -29.2 9.32 -25.85 26.03 52.84
EBIT Growth(%) 60.98 46.74 -37.48 45.41 13.24 -0.72 -77.17 77.62 -52.26 78.81 27.88
PAT Growth(%) 59.13 48.26 -36.62 45.01 16.78 -1.53 -81.35 129.15 -46.42 70.11 19.87
EPS Growth(%) 59.13 48.26 -36.62 45.01 16.78 -1.54 -81.35 129.14 -46.42 70.1 19.87
Debt/Equity(x) 0.13 0.16 0.05 0.05 0.02 0.1 0.02 0.07 0.01 0.01 0.01
Current Ratio(x) 2.09 2.2 2.21 2.3 4.31 2.41 3.96 4.02 6.94 5.89 4.71
Quick Ratio(x) 1.04 1.14 1.33 1.55 2 1.15 2.14 2.2 4.63 3.47 2.08
Interest Cover(x) 32.54 46.53 35.72 116.16 63.83 37.65 11.37 38.88 16.76 53.3 32.41
Total Debt/Mcap(x) 0.14 0.12 0.02 0.02 0.01 0.03 0.02 0.13 0.02 0 0

Virat Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 47.5 27.19 27.19 27.19 27.19 27.19 27.19 27.19 27.19 27.2
FII 0 0 0 0 0.51 0.51 0.51 0.51 0.51 0.51
DII 0 0 0 0.06 0 0 0 0 0 0
Public 52.5 72.81 72.81 72.75 72.3 72.3 72.3 72.3 72.3 72.29
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 27.2%.
  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 57.09 to 69.8days.
  • The company has delivered a poor profit growth of -7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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