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Indian Terrain Fashions

BSE:533329
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
533329
BSE
₹5B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Indian Terrain Fashions Limited manufactures and sells apparel in India and internationally. The last earnings update was 71 days ago. More info.


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533329 Share Price and Events
7 Day Returns
-3.7%
BSE:533329
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-30.3%
BSE:533329
-4%
IN Luxury
-2.8%
IN Market
533329 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indian Terrain Fashions (533329) -3.7% -5.5% -1.2% -30.3% 2.1% 303%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 533329 underperformed the Luxury industry which returned -4% over the past year.
  • 533329 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
533329
Industry
5yr Volatility vs Market

Value

 Is Indian Terrain Fashions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indian Terrain Fashions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indian Terrain Fashions.

BSE:533329 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:533329
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (0.47%))
0.82
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.82 * 8.6%)
14.61%

Discounted Cash Flow Calculation for BSE:533329 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indian Terrain Fashions is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:533329 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.61%)
2019 22.47 Est @ 112.68% 19.61
2020 40.71 Est @ 81.14% 30.99
2021 64.75 Est @ 59.07% 43.02
2022 92.99 Est @ 43.61% 53.90
2023 123.48 Est @ 32.79% 62.46
2024 154.63 Est @ 25.22% 68.24
2025 185.43 Est @ 19.92% 71.41
2026 215.48 Est @ 16.21% 72.40
2027 244.81 Est @ 13.61% 71.78
2028 273.68 Est @ 11.79% 70.01
Present value of next 10 years cash flows ₹563.82
BSE:533329 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹273.68 × (1 + 7.55%) ÷ (14.61% – 7.55%)
₹4,171.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹4,171.77 ÷ (1 + 14.61%)10
₹1,067.24
BSE:533329 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹563.82 + ₹1,067.24
₹1,631.06
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,631.06 / 37.94
₹42.99
BSE:533329 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹42.99
Current discount Discount to share price of ₹133.00
= -1 x (₹133.00 - ₹42.99) / ₹42.99
-209.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indian Terrain Fashions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indian Terrain Fashions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indian Terrain Fashions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:533329 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹6.95
BSE:533329 Share Price ** BSE (2019-04-24) in INR ₹133
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indian Terrain Fashions.

BSE:533329 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:533329 Share Price ÷ EPS (both in INR)

= 133 ÷ 6.95

19.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indian Terrain Fashions is overvalued based on earnings compared to the IN Luxury industry average.
  • Indian Terrain Fashions is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Indian Terrain Fashions's expected growth come at a high price?
Raw Data
BSE:533329 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.2%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Indian Terrain Fashions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Indian Terrain Fashions's assets?
Raw Data
BSE:533329 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹57.08
BSE:533329 Share Price * BSE (2019-04-24) in INR ₹133
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:533329 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:533329 Share Price ÷ Book Value per Share (both in INR)

= 133 ÷ 57.08

2.33x

* Primary Listing of Indian Terrain Fashions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indian Terrain Fashions is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Indian Terrain Fashions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Indian Terrain Fashions has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indian Terrain Fashions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Indian Terrain Fashions, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indian Terrain Fashions expected to grow at an attractive rate?
  • Indian Terrain Fashions's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indian Terrain Fashions's earnings growth is positive but not above the India market average.
  • Unable to compare Indian Terrain Fashions's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:533329 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:533329 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:533329 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:533329 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:533329 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,116 264
2018-09-30 4,105 261
2018-06-30 3,992 257
2018-03-31 4,015 187 254
2017-12-31 4,563 302
2017-09-30 4,441 293
2017-06-30 4,264 281
2017-03-31 3,259 121 228
2016-12-31 3,786 244
2016-09-30 3,605 278
2016-06-30 3,322 312
2016-03-31 3,250 228 330

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indian Terrain Fashions's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Indian Terrain Fashions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:533329 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Indian Terrain Fashions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533329 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:533329 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 6.95
2018-09-30 6.88
2018-06-30 6.76
2018-03-31 6.71
2017-12-31 7.98
2017-09-30 7.77
2017-06-30 7.50
2017-03-31 6.12
2016-12-31 6.59
2016-09-30 7.59
2016-06-30 8.61
2016-03-31 9.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Indian Terrain Fashions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Indian Terrain Fashions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indian Terrain Fashions has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Indian Terrain Fashions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indian Terrain Fashions's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indian Terrain Fashions's year on year earnings growth rate has been positive over the past 5 years.
  • Indian Terrain Fashions's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Indian Terrain Fashions's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Indian Terrain Fashions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indian Terrain Fashions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:533329 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,115.70 263.90 408.70
2018-09-30 4,105.30 261.40 419.00
2018-06-30 3,991.80 257.20 299.40
2018-03-31 4,014.50 254.40 416.50
2017-12-31 4,562.70 301.60 418.50
2017-09-30 4,440.60 293.30 397.80
2017-06-30 4,264.20 280.90 378.50
2017-03-31 3,259.10 228.40 332.60
2016-12-31 3,786.20 243.50 319.30
2016-09-30 3,605.10 277.70 303.40
2016-06-30 3,321.50 311.50 284.30
2016-03-31 3,250.10 330.20 281.30
2015-12-31 2,974.60 302.00 1,085.70
2015-09-30 2,873.90 260.90 1,079.20
2015-06-30 2,949.80 205.90 142.80
2015-03-31 2,904.10 179.80 222.60
2014-12-31 2,834.10 140.80 899.50
2014-09-30 2,823.90 124.80 892.60
2014-06-30 2,429.30 103.40 119.40
2014-03-31 2,320.60 98.80 879.80
2013-12-31 2,238.50 124.90 648.90
2013-09-30 1,895.50 94.80 646.00
2013-06-30 1,712.90 61.40 640.70
2013-03-31 1,567.00 41.10 634.80
2012-12-31 1,426.50 19.40 560.70
2012-09-30 1,353.50 0.10 554.10
2012-06-30 1,406.30 12.40 81.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indian Terrain Fashions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indian Terrain Fashions used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Indian Terrain Fashions's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indian Terrain Fashions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indian Terrain Fashions has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Indian Terrain Fashions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indian Terrain Fashions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indian Terrain Fashions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indian Terrain Fashions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indian Terrain Fashions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 128x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indian Terrain Fashions Company Filings, last reported 3 months ago.

BSE:533329 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,164.40 23.60 152.50
2018-09-30 2,164.40 23.60 152.50
2018-06-30 2,040.30 367.70 516.30
2018-03-31 2,040.30 373.30 505.90
2017-12-31 1,884.40 5.60 126.50
2017-09-30 1,884.40 5.60 126.50
2017-06-30 1,909.90 443.10 643.60
2017-03-31 1,788.50 442.30 624.40
2016-12-31 1,739.80 586.30 668.50
2016-09-30 1,739.80 586.30 668.50
2016-06-30 1,609.60 447.40 671.70
2016-03-31 1,609.60 447.30 671.70
2015-12-31 1,435.50 499.60 604.10
2015-09-30 1,435.50 499.60 604.10
2015-06-30 1,264.00 471.70 615.00
2015-03-31 1,264.00 393.40 615.70
2014-12-31 446.30 523.60 28.10
2014-09-30 446.30 523.60 28.10
2014-06-30 361.80 563.80 27.10
2014-03-31 361.80 564.60 27.10
2013-12-31 327.90 598.10 33.50
2013-09-30 327.90 598.10 33.50
2013-06-30 257.90 611.80 27.40
2013-03-31 257.90 610.00 25.60
2012-12-31 224.30 626.90 24.30
2012-09-30 224.30 626.90 24.30
2012-06-30 208.60 593.00 58.80
  • Indian Terrain Fashions's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (182.1% vs 1.1% today).
  • Debt is well covered by operating cash flow (792.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Indian Terrain Fashions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indian Terrain Fashions has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Indian Terrain Fashions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Indian Terrain Fashions dividends.
If you bought ₹2,000 of Indian Terrain Fashions shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Indian Terrain Fashions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Indian Terrain Fashions's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:533329 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:533329 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Indian Terrain Fashions has not reported any payouts.
  • Unable to verify if Indian Terrain Fashions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Indian Terrain Fashions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Indian Terrain Fashions has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Indian Terrain Fashions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indian Terrain Fashions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indian Terrain Fashions has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charath Narsimhan
COMPENSATION ₹0
AGE 46
CEO Bio

Mr. Charath Ram Narsimhan serves as Managing Director and Director of Indian Terrain Fashions Limited since August 8, 2018. Mr. Narsimhan served as the Managing Director of Celebrity Fashions Limited from February 11, 2013 to August 7, 2018 and served as its Executive Director until August 7, 2018. Mr. Narsimhan serves as the Chief Executive Officer of Indian Terrain Fashions Limited and served as its Chief Financial Officer. He served as the Chief Executive Officer of Domestic – Indian Terrain at Celebrity Fashions Limited since November 2005. He served as Compliance Officer of Celebrity Fashions Limited from June 5, 2013 to January 3, 2014 and also served as Compliance Officer from August 21, 2015 to September 18, 2015. He served as General Manager of Sales & Marketing at Raymond Apparel Limited. He holds a Bachelor's degree from llT and PGDBM (Finance) from llM - Lucknow.

CEO Compensation
  • Charath's compensation has been consistent with company performance over the past year.
  • Charath's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Indian Terrain Fashions management team in years:

2.4
Average Tenure
61
Average Age
  • The tenure for the Indian Terrain Fashions management team is about average.
Management Team

Venky Rajagopal

TITLE
Executive Chairman & Whole time Director
COMPENSATION
₹15M
AGE
61
TENURE
8.5 yrs

Charath Narsimhan

TITLE
MD, CEO & Director
AGE
46

Ravi B. S. G.

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹800K
TENURE
2.4 yrs

Rama Rajagopal

TITLE
Whole Time Director
COMPENSATION
₹4M
AGE
63

N. Nandakumar

TITLE
Chief Financial Officer
TENURE
0.4 yrs

W. Manickarayan

TITLE
General Manager of Group Human Resources

Selin Reubalin

TITLE
Executive Vice President of Operations
Board of Directors Tenure

Average tenure and age of the Indian Terrain Fashions board of directors in years:

8.1
Average Tenure
59.5
Average Age
  • The tenure for the Indian Terrain Fashions board of directors is about average.
Board of Directors

Venky Rajagopal

TITLE
Executive Chairman & Whole time Director
COMPENSATION
₹15M
AGE
61
TENURE
8.5 yrs

Charath Narsimhan

TITLE
MD, CEO & Director
AGE
46
TENURE
0.7 yrs

Rama Rajagopal

TITLE
Whole Time Director
COMPENSATION
₹4M
AGE
63
TENURE
9.6 yrs

Nugahalli Ranganath

TITLE
Independent Non Executive Director
COMPENSATION
₹410K
AGE
62
TENURE
8.6 yrs

Pattabi Raman

TITLE
Non Executive Independent Director
COMPENSATION
₹175K
AGE
58
TENURE
8.4 yrs

Harsh Bahadur

TITLE
Non Executive Independent Director
COMPENSATION
₹190K
AGE
63
TENURE
7.8 yrs

Manoj Mohanka

TITLE
Non Executive Independent Director
COMPENSATION
₹330K
AGE
55
TENURE
7.3 yrs

Kalpathi Suresh

TITLE
Additional Independent Director
AGE
53
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
07. Sep 18 Buy Rama Rajagopal Individual 04. Sep 18 04. Sep 18 50,000 ₹132.40 ₹6,619,999
X
Management checks
We assess Indian Terrain Fashions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indian Terrain Fashions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Indian Terrain Fashions Limited manufactures and sells apparel in India and internationally. The company offers shirts, T-shirts, jackets, sweaters, sweat shirts, coats, blazers, shorts, trousers, denims, belts, wallets, and socks; footwear, including sandals, loafers, lace ups, sneakers, boots, and boat shoes. The company offers its products for men under the Indian Terrain brand name, as well as for boys between the ages of 4 and 16 years under the Indian Terrain BOY brand name; and footwear under the Indian Terrain Footwear name. As of March 31, 2018, it sells its products through 151 exclusive outlets and 367 doors in departmental stores; and through its e-commerce site. Indian Terrain Fashions Limited was incorporated in 2009 and is headquartered in Chennai, India.

Details
Name: Indian Terrain Fashions Limited
533329
Exchange: BSE
Founded: 2009
₹5,031,016,380
37,941,300
Website: http://www.indianterrain.com
Address: Indian Terrain Fashions Limited
SDF IV & C2,
3rd Main Road,
Chennai,
Tamil Nadu, 600045,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 533329 Equity Shares Mumbai Stock Exchange IN INR 11. Mar 2011
NSEI INDTERRAIN Equity Shares National Stock Exchange of India IN INR 11. Mar 2011
Number of employees
Current staff
Staff numbers
686
Indian Terrain Fashions employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:52
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/05/28
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.