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Mandhana Retail Ventures

NSEI:TMRVL
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TMRVL
NSEI
₹487M
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

The Mandhana Retail Ventures Limited designs, retails, markets, and distributes men’s and women’s wear and accessories under the Being Human brand name in India and internationally. The last earnings update was 96 days ago. More info.


Add to Portfolio Compare Print
  • Mandhana Retail Ventures has significant price volatility in the past 3 months.
TMRVL Share Price and Events
7 Day Returns
-11.2%
NSEI:TMRVL
-10.3%
IN Specialty Retail
-0.1%
IN Market
1 Year Returns
-72.6%
NSEI:TMRVL
-30.2%
IN Specialty Retail
-3.7%
IN Market
TMRVL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mandhana Retail Ventures (TMRVL) -11.2% -28.6% -31% -72.6% - -
IN Specialty Retail -10.3% -15% 13.9% -30.2% 40.8% 134%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • TMRVL underperformed the Specialty Retail industry which returned -30.2% over the past year.
  • TMRVL underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
TMRVL
Industry
5yr Volatility vs Market

Value

 Is Mandhana Retail Ventures 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 Mandhana Retail Ventures 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 Mandhana Retail Ventures.

NSEI:TMRVL 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 16.3%
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 NSEI:TMRVL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.898 (1 + (1- 35%) (22.15%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.018 * 8.6%)
16.31%

Discounted Cash Flow Calculation for NSEI:TMRVL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mandhana Retail Ventures 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.

NSEI:TMRVL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.31%)
2019 49.53 Est @ 7.77% 42.58
2020 53.34 Est @ 7.7% 39.43
2021 57.43 Est @ 7.66% 36.50
2022 61.81 Est @ 7.62% 33.77
2023 66.50 Est @ 7.6% 31.25
2024 71.55 Est @ 7.59% 28.90
2025 76.97 Est @ 7.58% 26.73
2026 82.80 Est @ 7.57% 24.72
2027 89.06 Est @ 7.56% 22.86
2028 95.79 Est @ 7.56% 21.14
Present value of next 10 years cash flows ₹307.90
NSEI:TMRVL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹95.79 × (1 + 7.55%) ÷ (16.31% – 7.55%)
₹1,176.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹1,176.19 ÷ (1 + 16.31%)10
₹259.63
NSEI:TMRVL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹307.90 + ₹259.63
₹567.53
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹567.53 / 22.08
₹25.7
NSEI:TMRVL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹25.70
Current discount Discount to share price of ₹20.70
= -1 x (₹20.70 - ₹25.70) / ₹25.70
19.5%

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

Current Discount
Amount off the current price Mandhana Retail Ventures is available for.
Intrinsic value
19%
Share price is ₹20.7 vs Future cash flow value of ₹25.7
Current Discount Checks
For Mandhana Retail Ventures to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mandhana Retail Ventures's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mandhana Retail Ventures's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Mandhana Retail Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mandhana Retail Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TMRVL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹0.18
NSEI:TMRVL Share Price ** NSEI (2019-05-20) in INR ₹20.7
India Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 22.36x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

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

** Primary Listing of Mandhana Retail Ventures.

NSEI:TMRVL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:TMRVL Share Price ÷ EPS (both in INR)

= 20.7 ÷ 0.18

117.75x

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

  • Mandhana Retail Ventures is overvalued based on earnings compared to the IN Specialty Retail industry average.
  • Mandhana Retail Ventures is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Mandhana Retail Ventures's expected growth come at a high price?
Raw Data
NSEI:TMRVL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 117.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.2%per year
Asia Specialty Retail Industry PEG Ratio Median Figure of 16 Publicly-Listed Specialty Retail Companies 0.85x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*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 Mandhana Retail Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mandhana Retail Ventures's assets?
Raw Data
NSEI:TMRVL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹30.24
NSEI:TMRVL Share Price * NSEI (2019-05-20) in INR ₹20.7
India Specialty Retail Industry PB Ratio Median Figure of 26 Publicly-Listed Specialty Retail Companies 2.06x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:TMRVL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:TMRVL Share Price ÷ Book Value per Share (both in INR)

= 20.7 ÷ 30.24

0.68x

* Primary Listing of Mandhana Retail Ventures.

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

  • Mandhana Retail Ventures is good value based on assets compared to the IN Specialty Retail industry average.
X
Value checks
We assess Mandhana Retail Ventures'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Mandhana Retail Ventures has a total score of 1/6, 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 Mandhana Retail Ventures expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mandhana Retail Ventures, 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
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mandhana Retail Ventures expected to grow at an attractive rate?
  • Mandhana Retail Ventures's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Mandhana Retail Ventures's earnings growth is positive but not above the India market average.
  • Unable to compare Mandhana Retail Ventures's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TMRVL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:TMRVL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.2%
India Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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
NSEI:TMRVL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
NSEI:TMRVL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,274 4
2018-09-30 2,316 30
2018-06-30 2,366 67
2018-03-31 2,594 85 90
2017-12-31 2,120 103
2017-09-30 2,174 147
2017-06-30 2,415 196
2017-03-31 2,596 155 140
2016-12-31 2,381 307
2016-09-30 2,395 300
2016-06-30 2,241 261
2016-03-31 2,181 314 214

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mandhana Retail Ventures's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Mandhana Retail Ventures 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
NSEI:TMRVL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mandhana Retail Ventures Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TMRVL Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 0.18
2018-09-30 1.35
2018-06-30 3.09
2018-03-31 4.09
2017-12-31 4.68
2017-09-30 6.66
2017-06-30 8.87
2017-03-31 6.33
2016-12-31 6,480.08
2016-09-30 27.11
2016-06-30 5,215.18
2016-03-31 9.70

*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 Mandhana Retail Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mandhana Retail Ventures'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 Asia 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.
Mandhana Retail Ventures has a total score of 1/6, 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 Mandhana Retail Ventures 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 Mandhana Retail Ventures's growth in the last year to its industry (Specialty Retail).
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.
  • Mandhana Retail Ventures's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mandhana Retail Ventures's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mandhana Retail Ventures's 1-year earnings growth is negative, it can't be compared to the IN Specialty Retail industry average.
Earnings and Revenue History
Mandhana Retail Ventures'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 Mandhana Retail Ventures Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TMRVL 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 2,274.26 3.88 471.62
2018-09-30 2,315.75 29.61 475.74
2018-06-30 2,365.54 67.26 472.19
2018-03-31 2,594.49 90.27 473.13
2017-12-31 2,120.13 103.27 489.03
2017-09-30 2,173.94 146.82 479.80
2017-06-30 2,414.97 195.82 464.12
2017-03-31 2,595.88 139.80 447.03
2016-12-31 2,380.61 306.78 648.46
2016-09-30 2,395.34 300.16 677.15
2016-06-30 2,240.70 260.76 665.06
2016-03-31 2,181.31 214.15 383.60
2015-09-30 2,674.48 292.68 780.27
2015-06-30 2,196.67 247.19 631.82
2015-03-31 1,718.86 201.70 483.38
2014-03-31 -0.02 0.02
2013-03-31 -0.02 0.02

*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.
  • Mandhana Retail Ventures has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mandhana Retail Ventures used its assets less efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
  • Mandhana Retail Ventures's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mandhana Retail Ventures'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 Specialty Retail 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.
Mandhana Retail Ventures has a total score of 0/6, 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 Mandhana Retail Ventures'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 Mandhana Retail Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mandhana Retail Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mandhana Retail Ventures's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mandhana Retail Ventures'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 8.8x 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 Mandhana Retail Ventures Company Filings, last reported 4 months ago.

NSEI:TMRVL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 676.90 107.83 10.31
2018-09-30 676.90 107.83 10.31
2018-06-30 674.20 75.05 14.50
2018-03-31 674.20 75.05 14.50
2017-12-31 646.20 114.54 5.89
2017-09-30 646.20 114.54 5.89
2017-06-30 836.51 80.38 4.56
2017-03-31 582.89 80.82 4.56
2016-12-31 813.28 15.00 16.68
2016-09-30 813.28 15.00 16.68
2016-06-30 728.39 124.87 27.89
2016-03-31 636.30 199.22 1.85
2015-09-30
2015-06-30 422.15 388.93 5.04
2015-03-31 422.15 388.93 5.04
2014-03-31 -0.38 0.42 0.06
2013-03-31 -0.37 0.37 0.02
  • Mandhana Retail Ventures's level of debt (15.9%) compared to net worth is satisfactory (less than 40%).
  • Mandhana Retail Ventures had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (79.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mandhana Retail Ventures'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. Mandhana Retail Ventures has a total score of 5/6, 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 Mandhana Retail Ventures'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 Mandhana Retail Ventures dividends.
If you bought ₹2,000 of Mandhana Retail Ventures 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 Mandhana Retail Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mandhana Retail Ventures'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
NSEI:TMRVL 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 0.4%
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 0.6%
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 Mandhana Retail Ventures has not reported any payouts.
  • Unable to verify if Mandhana Retail Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mandhana Retail Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mandhana Retail Ventures 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 Mandhana Retail Ventures'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 Mandhana Retail Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mandhana Retail Ventures 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 Mandhana Retail Ventures'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
Manish S. Mandhana
COMPENSATION ₹9,600,000
AGE 50
TENURE AS CEO 2.1 years
CEO Bio

Mr. Manish S. Biharilal Mandhana has been Chief Executive Officer of The Mandhana Retail Ventures Limited since April 1, 2017. Mr. Mandhana has over 13 years of experience in the textile industry. He has good experience in the line of activity of accounts and finance. He serves as a Director of Golden Seam Textiles Private Limited and Dhumketu Finvest Private Limited. He was a Non-Executive Director of Mandhana Industries Limited since September 28, 2017 until January 31, 2019. Mr. Mandhana served as an Executive Joint Managing Director and Director of Exports at Mandhana Industries Limited. He served as an Executive Director at Mandhana Industries Limited since September 30, 1995. He served as Non Executive Director of Mandhana Industries Limited until September 25, 2017. He served as Non-Executive & Independent Director of Nutech Global Limited since January 1, 2009 until September 28, 2015. Mr. Mandhana served as Director of The Mandhana Retail Ventures Limited until August 8, 2016. Mr. Mandhana holds a Bachelor’s Degree in Commerce from Mumbai University.

CEO Compensation
  • Insufficient data for Manish S. to compare compensation growth.
  • Manish S.'s remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Mandhana Retail Ventures management team in years:

2.8
Average Tenure
47
Average Age
  • The tenure for the Mandhana Retail Ventures management team is about average.
Management Team

Manish S. Mandhana

TITLE
Chief Executive Officer
COMPENSATION
₹10M
AGE
50
TENURE
2.1 yrs

Sangeeta Mandhana

TITLE
MD, CFO & Director
COMPENSATION
₹9M
AGE
48
TENURE
2.8 yrs

Virendra Varma

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
AGE
35
TENURE
2.6 yrs

Priyavrat Mandhana

TITLE
Executive Director
COMPENSATION
₹9M
AGE
29

Ritesh Bhardwaj

TITLE
Vice President of Finance
AGE
39
TENURE
3.1 yrs

Kunal Mehta

TITLE
Vice President of Business Development & Marketing
AGE
47
TENURE
3.1 yrs

Jagdish Pamwani

TITLE
Vice President of Sales
AGE
53
Board of Directors Tenure

Average tenure and age of the Mandhana Retail Ventures board of directors in years:

2.7
Average Tenure
53
Average Age
  • The average tenure for the Mandhana Retail Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pradip Dubhashi

TITLE
Non-Executive & Independent Chairman
COMPENSATION
₹550K
AGE
70
TENURE
2.6 yrs

Sangeeta Mandhana

TITLE
MD, CFO & Director
COMPENSATION
₹9M
AGE
48
TENURE
2.8 yrs

Priyavrat Mandhana

TITLE
Executive Director
COMPENSATION
₹9M
AGE
29
TENURE
2.8 yrs

Sachin Jaju

TITLE
Non Executive Director
COMPENSATION
₹150K
AGE
41
TENURE
2.8 yrs

Ram Pradeep

TITLE
Non Executive & Independent Director
COMPENSATION
₹575K
AGE
67
TENURE
2.6 yrs

Kiran Vaidya

TITLE
Non Executive & Independent Director
COMPENSATION
₹525K
AGE
58
TENURE
2.6 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 (₹)
X
Management checks
We assess Mandhana Retail Ventures'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. Mandhana Retail Ventures 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

Did You Manage To Avoid Mandhana Retail Ventures's (NSE:TMRVL) Devastating 71% Share Price Drop?

It must have been painful to be a The Mandhana Retail Ventures Limited (NSE:TMRVL) shareholder over the last year, since the stock price plummeted 71% in that time. … Mandhana Retail Ventures may have better days ahead, of course; we've only looked at a one year period. … See our latest analysis for Mandhana Retail Ventures We don't think that Mandhana Retail Ventures's modest trailing twelve month profit has the market's full attention at the moment.

Simply Wall St -

How Do The Mandhana Retail Ventures Limited’s (NSE:TMRVL) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Shareholder Owns Most The Mandhana Retail Ventures Limited (NSE:TMRVL) Stock?

The big shareholder groups in The Mandhana Retail Ventures Limited (NSE:TMRVL) have power over the company. … Mandhana Retail Ventures is not a large company by global standards. … institutional investors have bought into the company

Simply Wall St -

The Mandhana Retail Ventures Limited (NSE:TMRVL) Delivered A Weaker ROE Than Its Industry

Over the last twelve months Mandhana Retail Ventures has recorded a ROE of 4.4%. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.044 in profit. … View our latest analysis for Mandhana Retail Ventures?

Simply Wall St -

What Should Investors Know About The Mandhana Retail Ventures Limited's (NSE:TMRVL) Return On Capital?

and want a simplistic look at the return on The Mandhana Retail Ventures Limited (NSE:TMRVL) stock. … Buying Mandhana Retail Ventures makes you a partial owner of the company. … To understand Mandhana Retail Ventures’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Should You Expect The Mandhana Retail Ventures Limited (NSE:TMRVL) To Continue Delivering An ROE Of 13.39%?

and want to begin learning the link between company’s fundamentals and stock market performance. … The Mandhana Retail Ventures Limited (NSE:TMRVL) delivered an ROE of 13.39% over the past 12 months, which is relatively in-line with its industry average of 13.03% during the same period. … Check out our latest analysis for Mandhana Retail Ventures

Simply Wall St -

Should You Be Tempted To Buy The Mandhana Retail Ventures Limited (NSE:TMRVL) At Its Current PE Ratio?

The Mandhana Retail Ventures Limited (NSE:TMRVL) is trading with a trailing P/E of 14.5x, which is lower than the industry average of 25.1x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … Check out our latest analysis for Mandhana Retail Ventures

Simply Wall St -

What Investors Should Know About The Mandhana Retail Ventures Limited's (NSE:TMRVL) Financial Strength

The Mandhana Retail Ventures Limited (NSE:TMRVL) is a small-cap stock with a market capitalization of ₹1.47b. … 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. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Want To Invest In The Mandhana Retail Ventures Limited (NSEI:TMRVL)? Here's How It Performed Lately

Mandhana Retail Ventures's latest earnings is ₹195.8M, which, against the previous year's level, has fallen by -24.90%. … This means whatever uplift the industry is enjoying, Mandhana Retail Ventures has not been able to realize the gains unlike its industry peers.What does this mean? … I suggest you continue to research Mandhana Retail Ventures to get a better picture of the stock by looking at: 1.

Simply Wall St -

Company Info

Description

The Mandhana Retail Ventures Limited designs, retails, markets, and distributes men’s and women’s wear and accessories under the Being Human brand name in India and internationally. The company provides shirts, T-shirts, polos, denims, non-denim products, tracks, sweaters, hoodies, jackets, and innerwear for men; and polos, shrugs, T-shirts, tops, blouses, dresses, denims, shorts, track pants, pyjamas, sweaters, and sweatshirts for women. It offers products through approximately 610 retail selling points, which include 34 exclusive brand outlets, 27 franchise stores, 167 international stores, 372 store-in-store, 7 distribution partners, and 3 e-commerce partners in 15 countries. The company was formerly known as Mandhana Retail Ventures Limited and changed its name to The Mandhana Retail Ventures Limited in September 2016. The company was incorporated in 2011 and is headquartered in Mumbai, India. The Mandhana Retail Ventures Limited is a subsidiary of Mandhana Industries Limited.

Details
Name: The Mandhana Retail Ventures Limited
TMRVL
Exchange: NSEI
Founded: 2011
₹486,921,528
22,082,609
Website: http://www.mandhanaretail.com
Address: The Mandhana Retail Ventures Limited
006-008, Peninsula Centre,
Dr. S.S. Rao Road,
Mumbai,
Maharashtra, 400012,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI TMRVL Equity Shares National Stock Exchange of India IN INR 14. Dec 2016
BSE 540210 Equity Shares Mumbai Stock Exchange IN INR 14. Dec 2016
Number of employees
Current staff
Staff numbers
656
Mandhana Retail Ventures employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:04
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2019/02/13
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.