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5305

Virat IndustriesBSE:530521 Stock Report

Market Cap

₹312.6m

7D

-6.8%

1Y

108.2%

Updated

26 Oct, 2021

Data

Company Financials
530521 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

530521 Overview

Virat Industries Limited manufactures and sells socks in India.

Price History & Performance

Summary of all time highs, changes and price drops for Virat Industries
Historical stock prices
Current Share Price₹63.50
52 Week High₹27.00
52 Week Low₹87.95
Beta1.58
1 Month Change12.49%
3 Month Change34.11%
1 Year Change108.20%
3 Year Change-33.68%
5 Year Change-37.22%
Change since IPO840.74%

Recent News & Updates

Shareholder Returns

530521IN LuxuryIN Market
7D-6.8%-6.3%-4.6%
1Y108.2%97.8%61.7%

Return vs Industry: 530521 exceeded the Indian Luxury industry which returned 97.8% over the past year.

Return vs Market: 530521 exceeded the Indian Market which returned 61.7% over the past year.

Price Volatility

Is 530521's price volatile compared to industry and market?
530521 volatility
530521 Beta1.58
Industry Beta0.72
Market Beta1

Stable Share Price: 530521 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: 530521's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1990160Adi Madanhttps://www.viratindustries.com

Virat Industries Limited manufactures and sells socks in India. The company offers cotton, cotton/viscose, wool, acrylic, wool/cashmere, wool/silk, cotton/silk, and special yarn socks for men, ladies, and children. Its products include fashion/novelty, dress, city, causal, mercerized, trainer, knee high, computer, technical, football, and sports socks; and extended heels, Y heel, and double layer socks, as well as lacoste, picot, and short welts.

Virat Industries Fundamentals Summary

How do Virat Industries's earnings and revenue compare to its market cap?
530521 fundamental statistics
Market Cap₹312.63m
Earnings (TTM)₹9.98m
Revenue (TTM)₹200.12m

31.3x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
530521 income statement (TTM)
Revenue₹200.12m
Cost of Revenue₹76.72m
Gross Profit₹123.40m
Expenses₹113.42m
Earnings₹9.98m

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 530521 (₹63.5) is trading below our estimate of fair value (₹153.43)

Significantly Below Fair Value: 530521 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 530521 is poor value based on its PE Ratio (31.3x) compared to the Indian Luxury industry average (15.7x).

PE vs Market: 530521 is poor value based on its PE Ratio (31.3x) compared to the Indian market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 530521's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530521 is overvalued based on its PB Ratio (1.4x) compared to the IN Luxury industry average (1.1x).


Future Growth

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

36.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Virat Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Virat Industries performed over the past 5 years?

-28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530521 has high quality earnings.

Growing Profit Margin: 530521's current net profit margins (5%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: 530521's earnings have declined by 28.4% per year over the past 5 years.

Accelerating Growth: 530521's earnings growth over the past year (12.2%) exceeds its 5-year average (-28.4% per year).

Earnings vs Industry: 530521 earnings growth over the past year (12.2%) underperformed the Luxury industry 75.3%.


Return on Equity

High ROE: 530521's Return on Equity (4.4%) is considered low.


Financial Health

How is Virat Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 530521's short term assets (₹177.7M) exceed its short term liabilities (₹25.6M).

Long Term Liabilities: 530521's short term assets (₹177.7M) exceed its long term liabilities (₹4.9M).


Debt to Equity History and Analysis

Debt Level: 530521's debt to equity ratio (1.1%) is considered satisfactory.

Reducing Debt: 530521 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: 530521's debt is well covered by operating cash flow (1714.2%).

Interest Coverage: 530521's interest payments on its debt are well covered by EBIT (11.9x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 530521's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 530521's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 530521's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 530521's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 530521 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 530521's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Adi Madan (64 yo)

17.75yrs

Tenure

₹3,937,000

Compensation

Mr. Adi Fredoon Madan, B.Com, L.L.B., has been the Managing Director at Virat Industries Ltd since 2004. Mr. Madan serves as Executive Director of Virat Industries Ltd. since May 24, 1994.


CEO Compensation Analysis

Compensation vs Market: Adi's total compensation ($USD52.47K) is above average for companies of similar size in the Indian market ($USD38.99K).

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


Leadership Team

Experienced Management: 530521's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: 530521's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Virat Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Virat Industries Limited
  • Ticker: 530521
  • Exchange: BSE
  • Founded: 1990
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹312.632m
  • Shares outstanding: 4.92m
  • Website: https://www.viratindustries.com

Number of Employees


Location

  • Virat Industries Limited
  • 74, Bajaj Bhavan
  • 226 Rajani Patel Marg
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:09
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.