NSEI:ELAND

Stock Analysis Report

Executive Summary

E-Land Apparel Limited designs, develops, processes, manufactures, samples, and sells garments in India and internationally.

Rewards

Trading at 87.2% below its fair value

Risk Analysis

Earnings have declined by -28.99% per year over past 5 years

Does not have a meaningful market cap (₹211M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ELAND has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

ELAND

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-28.2%

ELAND

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: ELAND underperformed the Indian Luxury industry which returned 8.4% over the past year.

Return vs Market: ELAND underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

ELANDIndustryMarket
7 Day0%-0.5%-1.5%
30 Day0%3.0%-2.7%
90 Day-4.1%9.2%1.3%
1 Year-28.2%-28.2%19.0%18.2%12.7%10.7%
3 Year-78.4%-78.4%52.2%48.8%22.0%15.1%
5 Year-58.4%-58.4%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is E-Land Apparel 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: ELAND (₹4.7) is trading below our estimate of fair value (₹36.68)

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


Price To Earnings Ratio

PE vs Industry: ELAND is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: ELAND is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ELAND has negative assets, so we can't compare its PB Ratio to the IN Luxury industry average.


Next Steps

Future Growth

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

19.9%

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 E-Land 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 E-Land Apparel performed over the past 5 years?

-29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELAND is currently unprofitable.

Growing Profit Margin: ELAND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELAND is unprofitable, and losses have increased over the past 5 years at a rate of -29% per year.

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

Earnings vs Industry: ELAND is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is E-Land Apparel's financial position?


Financial Position Analysis

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

Long Term Liabilities: ELAND 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: ELAND has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

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

Debt Coverage by Assets: ELAND 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: Whilst unprofitable ELAND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ELAND is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -21.4% per year.


Next Steps

Dividend

What is E-Land Apparel's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ELAND'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?

2.7yrs

Average management tenure


CEO

Ho Song Jae (42yo)

2.6yrs

Tenure

₹15,327,462

Compensation

Mr. Ho Song Jae has been Managing Director and Chairman of the Board of E-Land Apparel Limited since May 30, 2017. 


CEO Compensation Analysis

Compensation vs Market: Ho Song's total compensation ($USD215.58K) is above average for companies of similar size in the Indian market ($USD50.75K).

Compensation vs Earnings: Ho Song's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ho Song Jae
Chairman & MD2.6yrs₹15.33mno data
Haeoi Choi
Chief Financial Officer2.8yrsno datano data
S. Selvakumar
Chief Executive Officer of Production0yrsno datano data
Pratap Bose
Chief Operating Officer11.4yrsno datano data
Yashpal Bhandari
General Manager of Accounts & Finance0yrsno datano data
Diwakar Jugani
Company Secretary & Compliance Officer0.08yrsno datano data
Pritham Shetty
Head of Merchandising0yrsno datano data

2.7yrs

Average Tenure

41yo

Average Age

Experienced Management: ELAND's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ho Song Jae
Chairman & MD2.6yrs₹15.33mno data
Sivabalan Pandian
Independent Director12.7yrs₹30.00kno data
Tae Baek Chong
Independent Director8.3yrs₹120.00kno data
Kyoung Hur
Independent Director5.3yrs₹90.00kno data
Elizabeth Ravi
Independent Woman Director4.5yrs₹120.00kno data

5.3yrs

Average Tenure

59yo

Average Age

Experienced Board: ELAND's board of directors are considered experienced (5.3 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

E-Land Apparel Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: E-Land Apparel Limited
  • Ticker: ELAND
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹211.158m
  • Shares outstanding: 47.99m
  • Website: https://www.elandapparel.com

Number of Employees


Location

  • E-Land Apparel Limited
  • Office No. 404
  • 4th Floor
  • Mumbai
  • Maharashtra
  • 400066
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532820BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2007
ELANDNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2007

Biography

E-Land Apparel Limited designs, develops, processes, manufactures, samples, and sells garments in India and internationally. It offers garments and apparels, including men’s shirts; women's tops and skirts; and kids shirts, skirts, ensembles, and play-wear. The company markets and sells its products under the E-LAND brand name. It also exports its products. The company was formerly known as Mudra Lifestyle Limited and changed its name to E-Land Apparel Limited in January 2015. The company was founded in 1986 and is based in Mumbai, India. E-Land Apparel Limited is a subsidiary of E-Land Asia Holdings Pte. Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/21 12:45
End of Day Share Price2019/09/23 00:00
Earnings2019/09/30
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.