BSE:526817

Stock Analysis Report

Executive Summary

Cheviot Company Limited manufactures and sells jute goods in India and internationally.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Cheviot's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

526817

2.9%

IN Luxury

3.3%

IN Market


1 Year Return

-6.2%

526817

14.9%

IN Luxury

7.1%

IN Market

Return vs Industry: 526817 underperformed the Indian Luxury industry which returned 14.9% over the past year.

Return vs Market: 526817 underperformed the Indian Market which returned 7.1% over the past year.


Shareholder returns

526817IndustryMarket
7 Day2.2%2.9%3.3%
30 Day-11.5%1.5%2.9%
90 Day18.0%10.1%3.1%
1 Year-6.0%-6.2%15.8%14.9%9.4%7.1%
3 Year-2.9%-3.2%50.4%48.6%22.7%16.4%
5 Year202.7%187.7%108.8%105.1%44.0%30.4%

Price Volatility Vs. Market

How volatile is Cheviot's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cheviot undervalued compared to its fair value and its price relative to the market?

8.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 526817 (₹652.3) is trading above our estimate of fair value (₹248.38)

Significantly Below Fair Value: 526817 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 526817 is good value based on its PE Ratio (8.6x) compared to the Luxury industry average (10.1x).

PE vs Market: 526817 is good value based on its PE Ratio (8.6x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526817's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526817 is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Cheviot forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 526817's forecast earnings growth (5.2% per year) is below the savings rate (7.6%).

Earnings vs Market: 526817's earnings (5.2% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: 526817's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 526817's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 526817's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 526817's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Cheviot performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 526817's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: 526817's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 526817 had negative earnings growth (-10.1%) over the past year, making it difficult to compare to the Luxury industry average (7.9%).


Return on Equity

High ROE: 526817's Return on Equity (8%) is considered low.


Return on Assets

ROA vs Industry: 526817's Return on Assets is below or equal to the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 526817's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Cheviot's financial position?


Financial Position Analysis

Short Term Liabilities: 526817's short term assets (₹2.3B) exceeds its short term liabilities (₹257.6M)

Long Term Liabilities: 526817's short term assets (2.3B) exceeds its long term liabilities (271.4M)


Debt to Equity History and Analysis

Debt Level: 526817's debt to equity ratio (0.1%) is considered satisfactory

Reducing Debt: 526817's debt to equity ratio has reduced from 4% to 0.1% over the past 5 years.

Debt Coverage: 526817's debt is well covered by operating cash flow (2290.6%).

Interest Coverage: 526817 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 526817 has a high level of physical assets or inventory.

Debt Coverage by Assets: 526817's debt is covered by short term assets (assets are 274.550780x debt).


Next Steps

Dividend

What is Cheviot's current dividend yield, its reliability and sustainability?

0.15%

Current Dividend Yield


Dividend Yield vs Market

company0.2%marketbottom25%0.6%markettop25%2.4%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 526817's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 526817's dividend (0.15%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: 526817 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 526817 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 526817 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 526817's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Cheviot's salary, the management and board of directors tenure and is there insider trading?

14.7yrs

Average board tenure


CEO

Harsh Kanoria (63yo)

0yrs

Tenure

₹34,225,000

Compensation

Mr. Harsha Vardhan Kanoria has been the Chairman and Managing Director of Cheviot Co. Ltd. since August 1, 2000 and also serves as its Chief Executive Officer. Mr. Kanoria serves as an Independent Director ...


CEO Compensation Analysis

Compensation vs. Market: Harsh's total compensation ($USD481.52K) is about average for companies of similar size in the Indian market ($USD33.77K).

Compensation vs Earnings: Harsh's compensation has been consistent with company performance over the past year.


Board Age and Tenure

14.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 526817's board of directors are seasoned and experienced ( 14.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹10,415,89431 Oct 18
Utkarsh Kanoria
EntityIndividual
Role
Member of the Board of Directors
President & Whole Time Director
Shares15,000
Max Price₹694.39

Ownership Breakdown


Management Team

  • Nawal Kejriwal (76yo)

    Whole-Time Director

    • Tenure: 31.6yrs
    • Compensation: ₹6.87m
  • Madhup Patni (48yo)

    Chief Financial Officer

    • Tenure: 5.4yrs
    • Compensation: ₹3.56m
  • Deo Mohta (66yo)

    President of Corporate Affairs

    • Tenure: 0yrs
  • Debdas Mazumdar (65yo)

    Executive Officer

    • Tenure: 0yrs
  • Harsh Kanoria (63yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹34.23m
  • Utkarsh Kanoria (26yo)

    President & Whole Time Director

    • Tenure: 2.4yrs
    • Compensation: ₹27.42m
  • Aditya Banerjee

    Compliance Officer & Company Secretary

    • Tenure: 5.4yrs
    • Compensation: ₹1.74m
  • Abhishek Murarka (42yo)

    Chief General Manager

    • Tenure: 0yrs

Board Members

  • Nawal Kejriwal (76yo)

    Whole-Time Director

    • Tenure: 31.6yrs
    • Compensation: ₹6.87m
  • Padam Khaitan (66yo)

    Independent Non-Executive Director

    • Tenure: 13.1yrs
    • Compensation: ₹525.00k
  • Sushil Dhandhania (64yo)

    Independent Non-Executive Director

    • Tenure: 16.3yrs
    • Compensation: ₹525.00k
  • Navin Nayar (56yo)

    Independent Non-Executive Director

    • Tenure: 18.3yrs
    • Compensation: ₹525.00k
  • Harsh Kanoria (63yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹34.23m
  • B. Kanoria

    Chairman Emeritus

    • Tenure: 0yrs
  • Utkarsh Kanoria (26yo)

    President & Whole Time Director

    • Tenure: 2.4yrs
    • Compensation: ₹27.42m
  • Malati Kanoria

    Non Executive Director

    • Tenure: 5.4yrs
    • Compensation: ₹520.00k
  • Rashmi Prashad

    Additional Independent Director

    • Tenure: 0.5yrs

Company Information

Cheviot Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cheviot Company Limited
  • Ticker: 526817
  • Exchange: BSE
  • Founded: 1897
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹4.218b
  • Shares outstanding: 6.47m
  • Website: https://www.groupcheviot.net

Number of Employees


Location

  • Cheviot Company Limited
  • Magma House
  • 9th Floor
  • Kolkata
  • West Bengal
  • 700016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526817BSE (Mumbai Stock Exchange)YesOrdinary SharesININROct 2004

Biography

Cheviot Company Limited manufactures and sells jute goods in India and internationally. The company offers jute shopping bags, jute yarns, Hessian cloth and bags, sacking bags; and decorative fabrics. It a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:31
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.