Virat Industries Ltd

₹ 515 -2.00%

06 Nov - close price

About

Incorporated in 1995, Virat Industries Ltd is a manufacturer and Exporter of premium quality of dress and sport socks for Men, Ladies and Children^[1]

Key Points

Business Overview:^[1]
Company manufactures socks for export to the European market through computerized electronic knitting machines by Lonati and Matec, Italy and KTM, Korea supported with balancing equipment from Spain and other European markets

Website BSE

Market Cap ₹ 253 Cr.
Current Price ₹ 515
High / Low ₹ 535 / 127
Stock P/E 576
Book Value ₹ 52.0
Dividend Yield 0.00 %
ROCE 3.72 %
ROE 2.69 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.

Cons

Stock is trading at 9.90 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 27.2%
Company has a low return on equity of 5.01% over last 3 years.
Earnings include an other income of Rs.0.97 Cr.
Promoter holding has decreased over last 3 years: -20.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	3.20	7.49	7.12	6.85	5.57	8.04	14.14	9.94	9.85	8.39	8.46	5.73	5.99
	3.01	6.32	6.15	6.29	5.32	7.08	13.14	9.09	8.97	7.80	8.67	5.43	5.54
Operating Profit	0.19	1.17	0.97	0.56	0.25	0.96	1.00	0.85	0.88	0.59	-0.21	0.30	0.45
OPM %	5.94%	15.62%	13.62%	8.18%	4.49%	11.94%	7.07%	8.55%	8.93%	7.03%	-2.48%	5.24%	7.51%
	0.11	0.04	0.05	0.28	0.21	0.03	0.24	0.26	0.18	0.23	0.40	0.18	0.16
Interest	0.01	0.01	0.01	0.01	0.01	0.02	0.04	0.01	0.01	0.01	0.02	0.02	0.02
Depreciation	0.40	0.40	0.40	0.40	0.38	0.38	0.38	0.39	0.37	0.37	0.39	0.32	0.30
Profit before tax	-0.11	0.80	0.61	0.43	0.07	0.59	0.82	0.71	0.68	0.44	-0.22	0.14	0.29
Tax %	-81.82%	25.00%	34.43%	11.63%	-14.29%	22.03%	31.71%	25.35%	22.06%	18.18%	4.55%	28.57%	27.59%
	-0.02	0.60	0.40	0.38	0.07	0.46	0.56	0.54	0.53	0.36	-0.24	0.10	0.22
EPS in Rs	-0.04	1.22	0.81	0.77	0.14	0.93	1.14	1.10	1.08	0.73	-0.49	0.20	0.45
Raw PDF

Upcoming result date: 9 November 2024

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	20.70	21.63	20.53	25.75	25.67	34.09	24.13	26.38	19.56	24.66	37.68	32.42	28.57
	16.98	16.58	16.91	20.61	20.55	28.95	21.18	23.19	17.47	21.78	34.62	30.88	27.44
Operating Profit	3.72	5.05	3.62	5.14	5.12	5.14	2.95	3.19	2.09	2.88	3.06	1.54	1.13
OPM %	17.97%	23.35%	17.63%	19.96%	19.95%	15.08%	12.23%	12.09%	10.69%	11.68%	8.12%	4.75%	3.96%
	0.51	0.88	0.53	0.60	1.36	1.57	0.14	0.78	0.66	0.48	0.73	0.99	0.97
Interest	0.10	0.11	0.09	0.04	0.08	0.14	0.10	0.05	0.06	0.03	0.07	0.05	0.07
Depreciation	0.85	0.95	1.04	1.22	1.36	1.62	1.94	1.91	1.76	1.60	1.54	1.45	1.38
Profit before tax	3.28	4.87	3.02	4.48	5.04	4.95	1.05	2.01	0.93	1.73	2.18	1.03	0.65
Tax %	32.62%	32.44%	31.13%	32.59%	29.96%	29.90%	39.05%	25.87%	13.98%	21.39%	25.69%	26.21%
	2.22	3.28	2.08	3.02	3.52	3.47	0.65	1.48	0.79	1.35	1.62	0.76	0.44
EPS in Rs	4.51	6.66	4.22	6.13	7.15	7.05	1.32	3.01	1.60	2.74	3.29	1.54	0.89
Dividend Payout %	33.24%	27.00%	42.58%	40.73%	34.94%	21.27%	0.00%	0.00%	0.00%	36.44%	0.00%	0.00%

Compounded Sales Growth
10 Years:	4%
5 Years:	6%
3 Years:	18%
TTM:	-32%

Compounded Profit Growth
10 Years:	-15%
5 Years:	-1%
3 Years:	-4%
TTM:	-79%

Stock Price CAGR
10 Years:	26%
5 Years:	59%
3 Years:	97%
1 Year:	146%

Return on Equity
10 Years:	9%
5 Years:	5%
3 Years:	5%
Last Year:	3%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	4.92	4.92	4.92	4.92	4.92	4.92	4.92	4.92	4.92	4.92	4.92	4.92
Reserves	5.15	7.40	8.35	9.89	13.53	15.52	15.29	16.79	17.61	18.93	20.07	20.70
	1.26	1.95	0.62	0.45	0.45	2.08	0.48	1.43	0.32	0.24	0.16	0.79
	3.51	3.30	3.36	3.95	2.98	4.62	3.44	3.42	2.73	3.76	5.47	4.95
Total Liabilities	14.84	17.57	17.25	19.21	21.88	27.14	24.13	26.56	25.58	27.85	30.62	31.36
	5.73	5.98	5.45	6.07	8.77	10.81	10.43	9.32	7.43	5.83	4.60	4.61
CWIP	0.45	0.13	0.00	0.00	0.03	1.20	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.25	0.27	0.26	0.25	0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	8.41	11.19	11.54	12.89	12.83	15.13	13.70	17.24	18.15	22.02	26.02	26.75
Total Assets	14.84	17.57	17.25	19.21	21.88	27.14	24.13	26.56	25.58	27.85	30.62	31.36

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	2.18	1.97	3.95	5.23	1.70	1.61	3.15	1.47	4.20	0.05	-1.72	5.22
	-1.64	-1.60	-0.70	-4.27	-0.83	-2.90	-0.95	-1.74	0.25	0.04	0.27	-5.36
	-0.51	-0.26	-2.42	-1.06	-1.71	1.53	-2.27	0.88	-1.20	-0.14	-0.66	0.52
Net Cash Flow	0.03	0.11	0.83	-0.09	-0.84	0.24	-0.07	0.61	3.26	-0.06	-2.11	0.38

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	27.51	35.77	15.65	7.37	29.43	29.77	50.37	49.81	78.00	56.98	45.62	53.25
Inventory Days	197.55	270.56	296.87	221.09	306.34	219.00	227.89	268.93	274.45	321.50	343.39	246.53
Days Payable	67.95	73.00	68.13	66.74	103.82	102.37	85.51	57.86	52.01	73.58	90.34	42.52
Cash Conversion Cycle	157.10	233.33	244.38	161.72	231.95	146.39	192.75	260.88	300.44	304.91	298.67	257.26
Working Capital Days	70.53	94.67	82.32	31.89	91.57	94.54	134.32	146.25	166.27	170.81	157.02	142.08
ROCE %	32.08%	38.91%	22.09%	31.29%	31.26%	24.63%	5.74%	9.40%	4.17%	7.50%	9.14%	3.72%

Shareholding Pattern

Numbers in percentages

8 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	47.50%	27.19%	27.19%	27.19%	27.19%	27.19%	27.19%	27.19%	27.19%	27.20%	27.20%	27.20%
	0.00%	0.00%	0.00%	0.06%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%
	52.50%	72.81%	72.81%	72.74%	72.30%	72.31%	72.30%	72.31%	72.30%	72.29%	72.29%	72.28%
No. of Shareholders	2,542	2,375	2,269	2,226	2,081	2,022	1,994	1,998	1,956	2,045	1,995	2,135

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	48.49%	47.50%	47.50%	47.50%	47.50%	27.19%	27.19%	27.20%	27.20%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.51%	0.51%	0.51%
	0.06%	0.06%	0.06%	0.06%	0.06%	0.00%	0.00%	0.00%	0.00%
	51.44%	52.44%	52.44%	52.44%	52.44%	72.81%	72.31%	72.29%	72.28%
No. of Shareholders	2,925	2,813	2,709	2,598	2,510	2,375	2,022	2,045	2,135

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Virat Industries Ltd

Virat Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports