Sanghvi Brands Ltd

₹ 15.0 -2.72%

22 Nov 4:00 p.m.

About

Incorporated in 2010, Sanghvi Brands Ltd is in the business of branding of national and international brands, dealing in goods and services of such brands and providing spa services^[1]

Key Points

Business Overview:^[1]
Company operates South Asia’s largest portfolio of Luxury Lifestyle International Wellness Brands and is amongst the Top 5 Largest Spa & Wellness Operators in the World with exclusive rights to operate various premium International Brands viz.
a) Spa L’OCCITANE
b) ELLE Spa & Salon
c) Warren Tricomi Salon & Spa
d) Holyfield Gyms
It has an exclusive Master Franchise to Operate these Brands Across Several Geographical Regions Including, India, Middle East, Indian Ocean (Maldives, Mauritius, Seychelles & SriLanka)

Website BSE

Market Cap ₹ 15.6 Cr.
Current Price ₹ 15.0
High / Low ₹ 27.4 / 13.7
Stock P/E 62.5
Book Value ₹ 9.04
Dividend Yield 0.00 %
ROCE -0.32 %
ROE -0.65 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Debtor days have improved from 51.7 to 38.0 days.

Cons

Company has a low return on equity of -7.59% over last 3 years.

* 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: Miscellaneous Industry: Miscellaneous

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Detailed Comparison with:

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	4.50	4.62	3.36	0.26	2.69	1.66	2.33	2.76	2.62	2.57	2.57	3.89
	5.32	4.41	5.78	1.22	3.64	1.86	3.13	3.12	3.33	2.71	2.71	3.82
Operating Profit	-0.82	0.21	-2.42	-0.96	-0.95	-0.20	-0.80	-0.36	-0.71	-0.14	-0.14	0.07
OPM %	-18.22%	4.55%	-72.02%	-369.23%	-35.32%	-12.05%	-34.33%	-13.04%	-27.10%	-5.45%	-5.45%	1.80%
	0.46	0.28	-6.03	0.09	0.07	0.15	-0.09	0.07	0.12	0.23	0.23	0.17
Interest	0.04	0.02	0.08	0.01	0.01	0.01	0.03	0.02	0.02	0.02	0.02	0.01
Depreciation	0.60	0.53	2.49	0.04	0.04	0.04	0.04	0.04	0.03	0.02	0.02	0.02
Profit before tax	-1.00	-0.06	-11.02	-0.92	-0.93	-0.10	-0.96	-0.35	-0.64	0.05	0.05	0.21
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	54.69%	0.00%	0.00%	0.00%
	-0.99	-0.07	-11.02	-0.92	-0.94	-0.10	-0.96	-0.34	-0.98	0.04	0.04	0.21
EPS in Rs	-0.95	-0.07	-10.58	-0.88	-0.90	-0.10	-0.92	-0.33	-0.94	0.04	0.04	0.20
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0.43	1.23	5.35	7.38	10.80	9.01	10.00	7.99	2.95	3.99	5.38	5.66	6.46
	0.48	1.52	6.00	7.77	9.92	11.05	10.49	11.93	4.82	5.01	6.45	5.94	6.53
Operating Profit	-0.05	-0.29	-0.65	-0.39	0.88	-2.04	-0.49	-3.94	-1.87	-1.02	-1.07	-0.28	-0.07
OPM %	-11.63%	-23.58%	-12.15%	-5.28%	8.15%	-22.64%	-4.90%	-49.31%	-63.39%	-25.56%	-19.89%	-4.95%	-1.08%
	0.00	0.00	0.74	0.61	0.29	0.67	0.83	-5.75	0.12	0.07	0.19	0.30	0.40
Interest	0.00	0.00	0.01	0.06	0.07	0.09	0.08	0.10	0.02	0.03	0.04	0.03	0.03
Depreciation	0.00	0.01	0.08	0.07	0.13	0.13	0.76	1.29	0.08	0.08	0.06	0.05	0.04
Profit before tax	-0.05	-0.30	0.00	0.09	0.97	-1.59	-0.50	-11.08	-1.85	-1.06	-0.98	-0.06	0.26
Tax %	0.00%	0.00%		-11.11%	14.43%	3.77%	0.00%	0.00%	0.00%	0.00%	35.71%	0.00%
	-0.05	-0.30	0.02	0.10	0.82	-1.65	-0.50	-11.09	-1.86	-1.06	-1.33	-0.06	0.25
EPS in Rs	-50.00	-300.00	0.31	1.53	11.76	-1.58	-0.48	-10.65	-1.79	-1.02	-1.28	-0.06	0.24
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	-11%
3 Years:	24%
TTM:	24%

Compounded Profit Growth
10 Years:	%
5 Years:	13%
3 Years:	25%
TTM:	127%

Stock Price CAGR
10 Years:	%
5 Years:	3%
3 Years:	-3%
1 Year:	-29%

Return on Equity
10 Years:	%
5 Years:	-15%
3 Years:	-8%
Last Year:	-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.01	0.01	0.65	0.65	0.70	10.42	10.42	10.42	10.42	10.42	10.42	10.42	10.42
Reserves	-0.05	-0.35	5.64	5.74	9.31	14.68	14.18	3.10	1.24	0.18	-1.15	-1.21	-1.00
	0.19	0.25	2.82	2.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.36	0.43	1.39	2.02	2.15	2.60	1.62	2.01	1.25	2.04	1.90	1.71	1.58
Total Liabilities	0.51	0.34	10.50	11.24	12.16	27.70	26.22	15.53	12.91	12.64	11.17	10.92	11.00
	0.02	0.02	0.15	0.45	0.43	0.42	3.33	0.35	0.29	0.20	0.13	0.09	0.07
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.02	0.04	0.76	0.76	0.87	1.34	0.17	0.17	0.17	0.17	0.03	0.03
	0.49	0.30	10.31	10.03	10.97	26.41	21.55	15.01	12.45	12.27	10.87	10.80	10.90
Total Assets	0.51	0.34	10.50	11.24	12.16	27.70	26.22	15.53	12.91	12.64	11.17	10.92	11.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1.50	-1.57	-2.82	-3.64	-3.43	-5.23	-2.29	-0.48	0.24	0.12
	0.57	-0.54	1.34	-9.88	0.30	5.02	2.17	0.47	-0.21	0.28
	0.00	-0.05	-0.03	16.73	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.93	-2.16	-1.50	3.22	-3.12	-0.21	-0.12	-0.01	0.03	0.40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	42.44	14.84	30.02	40.56	61.17	44.56	32.12	114.66	122.49	85.08	31.89	38.05
Inventory Days			391.07	209.43	338.11	843.28	709.72	224.41	624.34	477.31		230.23
Days Payable			456.25	329.10	176.74	553.79	126.74	124.37	509.08	673.85		381.85
Cash Conversion Cycle	42.44	14.84	-35.16	-79.12	222.54	334.04	615.11	214.70	237.75	-111.46	31.89	-113.57
Working Capital Days	42.44	41.54	22.51	85.07	199.74	292.89	363.18	352.21	934.15	624.80	395.53	368.22
ROCE %		-1,000.00%		1.64%	10.82%	-8.54%	-1.69%	-25.03%	-14.22%	-8.00%	-9.36%	-0.32%

Shareholding Pattern

Numbers in percentages

	Jun 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
	52.80%	52.80%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%
	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	0.00%	0.00%	0.20%	0.18%	0.00%	0.00%
	46.20%	46.20%	45.87%	45.87%	45.87%	45.87%	46.87%	46.86%	46.66%	46.68%	46.87%	46.87%
No. of Shareholders	514	514	502	451	442	469	471	451	495	507	494	479

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	52.80%	52.80%	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%
	1.00%	1.00%	1.00%	1.00%	0.00%	0.20%	0.00%	0.00%
	46.20%	46.20%	45.87%	45.87%	46.87%	46.66%	46.87%	46.87%
No. of Shareholders	420	530	502	442	471	495	494	479

* 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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Documents

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Annual reports

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Concalls

Feb 2019

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Sep 2018

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Aug 2018

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Jan 2018

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