BSE:540901

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Praxis Home Retail

Executive Summary

Praxis Home Retail Limited engages in the business of home retailing through departmental stores in India.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Praxis Home Retail's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540901's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.1%

540901

6.8%

IN Specialty Retail

4.5%

IN Market


1 Year Return

-65.1%

540901

-71.2%

IN Specialty Retail

-20.6%

IN Market

Return vs Industry: 540901 exceeded the Indian Specialty Retail industry which returned -71.2% over the past year.

Return vs Market: 540901 underperformed the Indian Market which returned -20.6% over the past year.


Shareholder returns

540901IndustryMarket
7 Day-14.1%6.8%4.5%
30 Day-36.6%-4.8%-1.9%
90 Dayn/a-51.6%-13.8%
1 Year-65.1%-65.1%-70.4%-71.2%-19.0%-20.6%
3 Yearn/a-76.1%-76.4%-9.3%-14.2%
5 Yearn/a-57.2%-58.5%13.4%2.8%

Price Volatility Vs. Market

How volatile is Praxis Home Retail's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Praxis Home Retail undervalued compared to its fair value and its price relative to the market?

51479.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540901's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540901's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540901 is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: 540901 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 540901's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540901 is overvalued based on its PB Ratio (51479.7x) compared to the IN Specialty Retail industry average (0.7x).


Next Steps

Future Growth

How is Praxis Home Retail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.4%

Forecasted Retail 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 Praxis Home Retail 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 Praxis Home Retail performed over the past 5 years?

-58.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540901 is currently unprofitable.

Growing Profit Margin: 540901 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 540901 is unprofitable, and losses have increased over the past 5 years at a rate of -58.5% per year.

Accelerating Growth: Unable to compare 540901's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 540901 is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (0.8%).


Return on Equity

High ROE: 540901 has a negative Return on Equity (-4044525%), as it is currently unprofitable.


Next Steps

Financial Health

How is Praxis Home Retail's financial position?


Financial Position Analysis

Short Term Liabilities: 540901's short term assets (₹2.8B) do not cover its short term liabilities (₹4.4B).

Long Term Liabilities: 540901's short term assets (₹2.8B) do not cover its long term liabilities (₹2.9B).


Debt to Equity History and Analysis

Debt Level: 540901's debt to equity ratio (6116740%) is considered high.

Reducing Debt: 540901 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


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: 540901 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 540901 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 79.7% each year


Next Steps

Dividend

What is Praxis Home Retail's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540901's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540901's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540901's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540901'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 540901'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?

2.6yrs

Average management tenure


CEO

Mahesh Shah (51yo)

7yrs

Tenure

Mr. Mahesh Shah serves as the Chief Executive Officer of Praxis Home Retail Limited since June 14, 2013. Mr. Shah has several years of industry experience having worked in leadership positions across organ ...


Leadership Team

NamePositionTenureCompensationOwnership
Viraj Didwania
Chairman & MD2.5yrs₹17.13mno data
Mahesh Shah
Chief Executive Officer7yrsno datano data
Anil Chandak
Chief Financial Officer1.33yrs₹23.66mno data
Smita Chowdhury
Compliance Officer & Company Secretary2.5yrs₹1.11mno data
Medha Tawde
Chief Marketing Officer2.58yrsno datano data
Vaishali Thakkar
Chief Customer Serviceno datano datano data
Armando Eduarte
Head of Visual Merchandising6.75yrsno datano data
Chinmay Bhatt
Head of Homeware Category6yrsno datano data
Soumyajit Banerjee
Regional Headno datano datano data
Sujoy Mitra
Head of Business Technologyno datano datano data

2.6yrs

Average Tenure

44.5yo

Average Age

Experienced Management: 540901's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Viraj Didwania
Chairman & MD2.5yrs₹17.13mno data
Pankaj Bhargava
Independent Director2.5yrs₹450.00kno data
Sivaprakasam Subramanian
Independent Director2.5yrs₹440.00kno data
Shrirang Sarda
Non-Executive & Non-Independent Director2.5yrs₹230.00k0.00018% 2.1k
Shantanu Shah
Independent Director2.5yrs₹310.00k0.0036% 41.8k
Sridevi Badiga
Independent Director2.5yrs₹200.00kno data

2.5yrs

Average Tenure

47yo

Average Age

Experienced Board: 540901's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

Company Information

Praxis Home Retail Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Praxis Home Retail Limited
  • Ticker: 540901
  • Exchange: BSE
  • Founded: 2011
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: ₹1.154b
  • Shares outstanding: 27.63m
  • Website: https://www.praxisretail.in

Number of Employees


Location

  • Praxis Home Retail Limited
  • Jolly Board Tower D
  • Ground Floor
  • Mumbai
  • Maharashtra
  • 400042
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540901BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2018
PRAXISNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2018

Biography

Praxis Home Retail Limited engages in the business of home retailing through departmental stores in India. The company offers furniture, homeware, electronics, and home improvement products, as well as customized solutions in kitchen and wardrobes, and interior solutions. As of March 31, 2019, it owned and operated 48 stores in 28 cities under the HomeTown brand name, as well as www.hometown.in, a Web portal. Praxis Home Retail Limited incorporated in 2011 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 Analysis2020/06/01 13:45
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
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.