NSEI:PROVOGE

Stock Analysis Report

Executive Summary

Provogue (India) Limited manufactures and trades in garments, fashion accessories, textile products, and related materials in India.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Provogue (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PROVOGE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

PROVOGE

-2.4%

IN Luxury

-3.0%

IN Market


1 Year Return

-51.9%

PROVOGE

-26.9%

IN Luxury

-29.2%

IN Market

Return vs Industry: PROVOGE underperformed the Indian Luxury industry which returned 13.7% over the past year.

Return vs Market: PROVOGE underperformed the Indian Market which returned 9.4% over the past year.


Shareholder returns

PROVOGEIndustryMarket
7 Day0%-2.4%-3.0%
30 Day0%-28.4%-26.9%
90 Day-7.1%-25.6%-28.5%
1 Year-51.9%-51.9%-26.2%-26.9%-27.7%-29.2%
3 Year-85.2%-85.2%0.8%-1.6%-15.2%-19.9%
5 Year-90.3%-90.3%43.7%38.6%-3.1%-8.1%

Price Volatility Vs. Market

How volatile is Provogue (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Provogue (India) undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Provogue (India) is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Provogue (India) 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 PROVOGE’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 Provogue (India) regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is Provogue (India) 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 Provogue (India) 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 Provogue (India) performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PROVOGE is currently unprofitable.

Growing Profit Margin: PROVOGE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PROVOGE is unprofitable, but has reduced losses over the past 5 years at a rate of 2.7% per year.

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

Earnings vs Industry: PROVOGE is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.5%).


Return on Equity

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


Next Steps

Financial Health

How is Provogue (India)'s financial position?


Financial Position Analysis

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

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

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


Balance Sheet

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

Debt Coverage by Assets: PROVOGE 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: PROVOGE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PROVOGE has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.4% each year.


Next Steps

Dividend

What is Provogue (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PROVOGE'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 PROVOGE's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

22.3yrs

Average board tenure


CEO

Nikhil Chaturvedi (50yo)

no data

Tenure

Mr. Nikhil Anupendra Chaturvedi, B.Com., is a Co-Founder of Provogue (India) Limited and serves as its Managing Director. Mr. Chaturvedi has been Managing Director of Prozone Intu Properties Limited since  ...


CEO Compensation Analysis

Compensation vs Market: Nikhil's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.56K).

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


Board Members

NamePositionTenureCompensationOwnership
Nikhil Chaturvedi
Co-Founderno datano data3.46% 5.8m
Akhil Chaturvedi
Co-Founder22.25yrsno data1.24% 2.1m
Deep Gupta
Co-Founder22.25yrs₹5.63m2.43% 4.1m
Salil Chaturvedi
Non-Executive Director22.25yrsno data4.41% 7.4m

22.3yrs

Average Tenure

50.5yo

Average Age

Experienced Board: PROVOGE's board of directors are seasoned and experienced ( 22.3 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

Provogue (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Provogue (India) Limited
  • Ticker: PROVOGE
  • Exchange: NSEI
  • Founded: 1997
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹168.035m
  • Shares outstanding: 233.38m
  • Website: https://www.provogue.com

Location

  • Provogue (India) Limited
  • 105/106, Provogue House
  • 1st Floor
  • Mumbai
  • Maharashtra
  • 400053
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532647BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2005
PROVOGENSEI (National Stock Exchange of India)YesEquity SharesININRJul 2005

Biography

Provogue (India) Limited manufactures and trades in garments, fashion accessories, textile products, and related materials in India. It offers shirts, T-shirts, jackets, suits and blazers, sweaters and sweatshirts, jeans, suits and blazers, trousers and chinos, shorts, inner ware, and hoodies for men; and fashion apparels for women, as well as accessories under the Provogue brand. The company retails its products through exclusive Provogue stores, as well as through its e-commerce portal, Provogue.com, as well as e-commerce partners. It also exports its products. The company was founded in 1997 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/11 08:17
End of Day Share Price2019/11/14 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.