BSE:531613

Stock Analysis Report

Executive Summary

Meyer Apparel Limited manufactures and sells readymade garments and textiles in India.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

531613

-0.02%

IN Luxury

1.6%

IN Market


1 Year Return

n/a

531613

7.7%

IN Luxury

0.8%

IN Market

Return vs Industry: Insufficient data to determine how 531613 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 531613 performed against the Indian Market.


Shareholder returns

531613IndustryMarket
7 Day-5.7%-0.02%1.6%
30 Day6.4%5.5%1.5%
90 Day-44.4%3.9%-3.3%
1 Yearn/a8.6%7.7%2.7%0.8%
3 Year-85.5%-85.5%49.5%47.8%22.0%16.0%
5 Year-81.8%-81.8%108.9%105.0%42.3%29.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Meyer Apparel is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Meyer Apparel has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 531613’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Meyer Apparel regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

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

17.7%

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 Meyer Apparel 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.


Next Steps

Past Performance

How has Meyer Apparel performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 531613 is unprofitable, but has reduced losses over the past 5 years at a rate of 20.1% per year.

Accelerating Growth: Unable to compare 531613's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531613 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (7.8%).


Return on Equity

High ROE: 531613's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: 531613 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 531613 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Meyer Apparel's financial position?


Financial Position Analysis

Short Term Liabilities: 531613 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 531613 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 531613 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 531613's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: 531613 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531613 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 531613 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 531613 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 84.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 531613's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531613's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 531613's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531613's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 531613'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 Meyer Apparel's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average board tenure


CEO

Gajender Sharma (54yo)

0yrs

Tenure

0

Mr. Gajender Kumar Sharma has been a Whole-Time Director of Meyer Apparel Ltd since May 28, 2018 and was its Additional Director from March 26, 2018 to May 28, 2018. 


Board Age and Tenure

2.1yrs

Average Tenure

43yo

Average Age

Experienced Board: 531613's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Raj Sharma

    CFO, Compliance Officer & Company Secretary

    • Tenure: 9.4yrs
  • Gajender Sharma (54yo)

    Whole-Time Director

    • Tenure: 0yrs

Board Members

  • Karan Thakral (64yo)

    Chairman

    • Tenure: 12.8yrs
    • Compensation: ₹110.00k
  • Ritu Chopra (43yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: ₹70.00k
  • Gajender Sharma (54yo)

    Whole-Time Director

    • Tenure: 0yrs
  • - Meena (39yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: ₹140.00k
  • Swastika Kumari (32yo)

    Non- Executive Director

    • Tenure: 2.1yrs
    • Compensation: ₹140.00k

Company Information

Meyer Apparel Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meyer Apparel Limited
  • Ticker: 531613
  • Exchange: BSE
  • Founded: 1993
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹41.054m
  • Shares outstanding: 80.50m
  • Website: https://www.meyerapparel.com

Number of Employees


Location

  • Meyer Apparel Limited
  • Orient Bestech Business Tower
  • Unit No 412, Fourth Floor
  • Gurugram
  • Haryana
  • 122004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531613BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2002

Biography

Meyer Apparel Limited manufactures and sells readymade garments and textiles in India. The company provides formal dressing products, including suits, blue/white button-down shirts, ties, and black shoes a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:34
End of Day Share Price2019/10/14 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.