Libas Designs
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Libas Designs Limited engages in the process of fabrication of fabric into garments and other products in India. The last earnings update was 166 days ago. More info.
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LIBAS Share Price and Events
7 Day Returns
1 Year Returns
LIBAS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Libas Designs (LIBAS) | -0.6% | 18.4% | 1.2% | -21.9% | - | - |
| IN Luxury | -2.5% | -2% | -3.9% | -8.9% | 47.6% | 187.3% |
| IN Market | -2.1% | -4.5% | -3.5% | -8.6% | 40.3% | 78.7% |
1 Year Return vs Industry and Market
- LIBAS underperformed the Luxury industry which returned -8.9% over the past year.
- LIBAS underperformed the Market in India which returned -8.6% over the past year.
LIBAS Value
Is Libas Designs 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.
- It is not possible to calculate the future cash flow value for Libas Designs. This is due to cash flow or dividend data being unavailable. The share price is ₹54.15.
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 Libas Designs's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Libas Designs's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹2.59 |
| NSEI:LIBAS Share Price ** | NSEI (2019-02-18) in INR | ₹54.15 |
| India Luxury Industry PE Ratio | Median Figure of 237 Publicly-Listed Luxury Companies | 11.54x |
| India Market PE Ratio | Median Figure of 2,715 Publicly-Listed Companies | 15.16x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Libas Designs.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NSEI:LIBAS Share Price ÷ EPS (both in INR) = 54.15 ÷ 2.59 |
20.93x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Libas Designs is overvalued based on earnings compared to the IN Luxury industry average.
- Libas Designs is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Libas Designs's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 20.93x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
-0.6%per year |
| India Luxury Industry PEG Ratio | Median Figure of 27 Publicly-Listed Luxury Companies | 1.09x |
| India Market PEG Ratio | Median Figure of 606 Publicly-Listed Companies | 1.1x |
*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 Libas Designs, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Libas Designs's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹20.28 |
| NSEI:LIBAS Share Price * | NSEI (2019-02-18) in INR | ₹54.15 |
| India Luxury Industry PB Ratio | Median Figure of 307 Publicly-Listed Luxury Companies | 0.69x |
| India Market PB Ratio | Median Figure of 3,587 Publicly-Listed Companies | 1.04x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NSEI:LIBAS Share Price ÷ Book Value per Share (both in INR) = 54.15 ÷ 20.28 |
2.67x |
* Primary Listing of Libas Designs.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Libas Designs is overvalued based on assets compared to the IN Luxury industry average.
Value checks
We assess Libas Designs's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Libas Designs 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.
LIBAS Future Performance
- No analysts cover Libas Designs, 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!
Earnings growth vs Low Risk Savings
- Libas Designs's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
- Libas Designs's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
- Unable to compare Libas Designs's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:LIBAS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | -0.6% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (10 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 441 | 18 | 29 |
| 2017-03-31 | 241 | -86 | 10 |
| 2016-03-31 | 215 | 4 | 9 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (10 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Libas Designs Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | 2.59 |
| 2017-03-31 | 0.92 |
| 2016-03-31 | 6.07 |
*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 Libas Designs will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Libas Designs's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Libas Designs 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.
LIBAS Past Performance
How has Libas Designs 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
Past Earnings growth analysis
- Libas Designs has delivered over 20% year on year earnings growth in the past 5 years.
- Libas Designs's 1-year earnings growth exceeds its 5-year average (180.4% vs 46.3%)
- Libas Designs's earnings growth has exceeded the IN Luxury industry average in the past year (180.4% vs 14.1%).
Earnings and Revenue History
All data from Libas Designs Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-03-31 | 440.81 | 29.11 | 55.09 | |
| 2017-03-31 | 241.00 | 10.38 | 34.01 | |
| 2016-03-31 | 214.65 | 9.10 | 12.85 | |
| 2015-03-31 | 176.80 | 3.52 | 28.19 | |
| 2014-03-31 | 140.73 | 3.33 | 24.96 | |
| 2013-03-31 | 106.69 | 2.94 | 23.64 | |
| 2012-03-31 | 91.75 | 2.69 | 21.50 |
*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.
- Libas Designs has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Libas Designs used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Libas Designs's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Libas Designs's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Libas Designs has a total score of 4/6, 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.
LIBAS Health
How is Libas Designs'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 Libas Designs's finances.
The net worth of a company is the difference between its assets and liabilities.
- Libas Designs is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Libas Designs's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.4x 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.
All data from Libas Designs Company Filings, last reported 10 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | 228.16 | 121.31 | 37.42 |
| 2017-03-31 | 201.71 | 107.10 | 99.91 |
| 2016-03-31 | 35.32 | 74.82 | 2.94 |
| 2015-03-31 | 30.22 | 44.80 | 2.19 |
| 2014-03-31 | 26.68 | 35.14 | 2.24 |
| 2013-03-31 | 23.33 | 17.96 | 1.27 |
| 2012-03-31 | 20.72 | 13.09 | 2.55 |
- Libas Designs's level of debt (53.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (77.1% vs 53.2% today).
- Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
Financial health checks
We assess Libas Designs's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Libas Designs has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
LIBAS Dividends
What is Libas Designs'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
If you bought
₹2,000 of
Libas Designs
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Libas Designs's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Libas Designs'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.
| 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 109 Stocks | 0.7% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1397 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.6% |
| India Top 25% Dividend Yield | 75th Percentile | 2.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Libas Designs has not reported any payouts.
- Unable to verify if Libas Designs's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Libas Designs's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Libas Designs afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Libas Designs 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.
LIBAS Management
CEO
| COMPENSATION | ₹1,800,000 |
| AGE | 45 |
CEO Bio
Mrs. Reshma Riyaz Ganji serves as Managing Director of Libas Designs Limited and also has been its Director since July 26, 2016. Mrs. Ganji is a Mumbai based International Fashion Designer and having experience of more than 20 years in this field. She is the first Indian Female Designer to represent India at the World Trade Center (New York). She has also received the 'No. 1 Fashion Designer Brand Award' in 2015 for Libas. Mrs. Ganji has done her graduation from Mumbai University.
CEO Compensation
- Reshma's compensation has been consistent with company performance over the past year.
- Reshma's remuneration is about average for companies of similar size in India.
Management Team
Nishant Mahimtura
Chairman & CFO
₹1M
71
2.4 yrs
Reshma Ganji
MD & Director
₹2M
45
Riyaz Ganji
Executive Director
₹2M
48
Board of Directors Tenure
Average tenure and age of the Libas Designs board of directors in years:
- The average tenure for the Libas Designs board of directors is less than 3 years, this suggests a new board.
Board of Directors
Nishant Mahimtura
Chairman & CFO
₹1M
71
Reshma Ganji
MD & Director
₹2M
45
2.6 yrs
Riyaz Ganji
Executive Director
₹2M
48
14.3 yrs
Anand Taggarsi
Non-Executive & Independent Director
52
2.4 yrs
Reema Varde
Non-Executive & Independent Director
37
2.4 yrs
Vivek Kamath
Non-Executive & Independent Director
57
2.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Libas Designs's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Libas Designs 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.
LIBAS News
Simply Wall St News
How Does Investing In Libas Designs Limited (NSE:LIBAS) Impact The Volatility Of Your Portfolio?
The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleHere's What Libas Designs Limited's (NSE:LIBAS) P/E Is Telling Us
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Libas Designs has a price to earnings ratio of 19.36, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Do You Get For Owning Libas Designs Limited (NSE:LIBAS)?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleWhy Libas Designs Limited (NSE:LIBAS) Looks Like A Quality Company
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Libas Designs Limited (NSE:LIBAS). … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleLibas Designs Limited (NSE:LIBAS): Time For A Financial Health Check
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleWhat Do You Get For Owning Libas Designs Limited (NSE:LIBAS)?
and want to begin learning the link between Libas Designs Limited (NSE:LIBAS)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock.
Simply Wall St - – Full articleWhat does Libas Designs Limited's (NSEI:LIBAS) Balance Sheet Tell Us Abouts Its Future?
How does LIBAS’s operating cash flow stack up against its debt? … Additionally, LIBAS has produced ₹4.0M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 0.07x, indicating that LIBAS’s operating cash is not sufficient to cover its debt. … At its current level of cash flow coverage, LIBAS has room for improvement to better cushion for events which may require debt repayment.
Simply Wall St - – Full articleLIBAS Company Info
Map
Description
Libas Designs Limited engages in the process of fabrication of fabric into garments and other products in India. The company offers sherwanis, suits, jackets, shirts, pants, and Indo Western products for men; sarees, suits, lehenga, gowns, and anarkari for women; accessories comprising jewelries, belts, mojaris, cufflinks, and saffa; jute bags, such as carry, gifts, bottle, lunch, and grocery bags; and formal shoes and accessories for men and women. It also provides beauty services. The company markets its products under the LIBAS RIYAZ GANGJI, Gangji Jewels, and LIBAS reshma riyaz gangji brands. Libas Designs Limited was incorporated in 2004 and is based in Mumbai, India.
Details
| Name: | Libas Designs Limited |
| LIBAS | |
| Exchange: | NSEI |
| Founded: | 2004 |
| ₹406,125,000 | |
| 7,500,000 | |
| Website: | http://www.libasfashion.com |
| Address: |
Libas Designs Limited 401, Crecent Royal, 4th Floor, Mumbai, Maharashtra, 40005, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NSEI | LIBAS | Equity Shares | National Stock Exchange of India | IN | INR | 09. Jan 2017 |
Number of employees
Current staff
Industry
| Apparel, Accessories and Luxury Goods | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/19 13:37 |
| End of day share price update: | 2019/02/18 00:00 |
| Last earnings filing: | 2018/09/06 |
| Last earnings reported: | 2018/03/31 |
| 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.
