Virat Industries Ltd
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]
- Market Cap ₹ 225 Cr.
- Current Price ₹ 457
- High / Low ₹ 535 / 127
- Stock P/E 478
- Book Value ₹ 53.1
- Dividend Yield 0.00 %
- ROCE 3.72 %
- ROE 2.69 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 8.60 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.1.24 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
Quarterly Results
Figures in Rs. Crores
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 | 31.77 | |
16.98 | 16.58 | 16.91 | 20.61 | 20.55 | 28.95 | 21.18 | 23.19 | 17.47 | 21.78 | 34.62 | 30.88 | 30.99 | |
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 | 0.78 |
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% | 2.46% |
0.51 | 0.88 | 0.53 | 0.60 | 1.36 | 1.57 | 0.14 | 0.78 | 0.66 | 0.48 | 0.73 | 0.99 | 1.24 | |
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 | 0.08 |
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 | 1.21 |
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 | 0.73 |
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 | 0.47 | |
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 | 0.95 |
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: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | -15% |
5 Years: | -1% |
3 Years: | -4% |
TTM: | -76% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 59% |
3 Years: | 95% |
1 Year: | 123% |
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 | Sep 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 | 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 | 21.24 |
1.26 | 1.95 | 0.62 | 0.45 | 0.45 | 2.08 | 0.48 | 1.43 | 0.32 | 0.24 | 0.16 | 0.79 | 1.33 | |
3.51 | 3.30 | 3.36 | 3.95 | 2.98 | 4.62 | 3.44 | 3.42 | 2.73 | 3.76 | 5.47 | 4.95 | 5.32 | |
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 | 32.81 |
5.73 | 5.98 | 5.45 | 6.07 | 8.77 | 10.81 | 10.43 | 9.32 | 7.43 | 5.83 | 4.60 | 4.61 | 4.14 | |
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 | 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 | 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 | 28.67 | |
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 | 32.81 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper copy of the Un-Audited financial results for the quarter and half year ended September 30, 2024 has been attached herewith
- Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September, 2024 9 Nov
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Board Meeting Outcome for Outcome Of The Board Meeting Held On November 09, 2024 To Consider And Approve The Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September, 2024
9 Nov - Un-audited financial results for Q2 2024 announced.
-
Intimation Of 'In Principle' Approval Under Regulation 28(1) Of The SEBI (LODR), Regulations, 2015 For Issue And Allotment Of 95,99,999 Equity Shares Having Face Value Of Rs. 10/- Each To Be Issued On A Preferential Basis
28 Oct - In-principle approval for preferential allotment of shares.
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Board Meeting Intimation for Board Meeting To Be Held On 09Th November, 2024 Through Video Conferencing
24 Oct - Notice of Board Meeting on November 09, 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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