Nivaka Fashions Ltd

Nivaka Fashions Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nivaka Fashions Ltd

₹ 3.38 1.81%
22 Nov - close price
Company website BSE: 542206
About

Incorporated in 1983, Nivaka Fashions
Ltd does trading activities in textiles
products[1]

Key Points

Business Overview:[1]
Company is in the business of retailing of Indian ethnic wear through offline retailstores and online e-comerce websites. The company owns the brand ‘Ninecolours’, ‘Ninecolours West’, ‘Nine colors Quirk’ and ‘Ninecolours Luxe

Website BSE
  • Market Cap ₹ 34.7 Cr.
  • Current Price ₹ 3.38
  • High / Low ₹ 7.05 / 2.66
  • Stock P/E
  • Book Value ₹ 0.96
  • Dividend Yield 0.00 %
  • ROCE -0.57 %
  • ROE -2.54 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.
  • Debtor days have improved from 214 to 69.4 days.

Cons

  • Stock is trading at 3.54 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -42.6% over past five years.
  • Promoter holding is low: 24.5%
  • Company has a low return on equity of 0.16% over last 3 years.
  • Working capital days have increased from 230 days to 352 days

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.80 3.09 3.55 1.60 0.82 1.16 1.12 0.39 0.86 0.15 0.85 0.21 0.19
3.65 3.00 3.11 1.48 1.09 0.96 0.86 0.39 0.57 0.37 0.42 0.30 0.31
Operating Profit 0.15 0.09 0.44 0.12 -0.27 0.20 0.26 0.00 0.29 -0.22 0.43 -0.09 -0.12
OPM % 3.95% 2.91% 12.39% 7.50% -32.93% 17.24% 23.21% 0.00% 33.72% -146.67% 50.59% -42.86% -63.16%
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
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.05 0.05 0.04 0.04
Depreciation 0.07 0.08 0.08 0.07 0.07 0.07 0.03 0.04 0.04 0.03 0.45 0.13 0.13
Profit before tax 0.08 0.01 0.36 0.05 -0.34 0.13 0.23 -0.09 0.20 -0.30 -0.07 -0.26 -0.29
Tax % 25.00% 0.00% 0.00% 20.00% 0.00% 23.08% 17.39% 0.00% 25.00% 0.00% 57.14% 0.00% 0.00%
0.06 0.01 0.36 0.03 -0.34 0.10 0.20 -0.09 0.15 -0.31 -0.10 -0.25 -0.29
EPS in Rs 0.01 0.00 0.04 0.00 -0.03 0.01 0.02 -0.01 0.01 -0.03 -0.01 -0.02 -0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.09 5.41 14.78 36.06 36.24 21.55 21.79 12.01 4.12 2.26 1.40
0.06 5.64 14.86 33.50 34.47 23.24 21.94 11.41 4.28 1.77 1.40
Operating Profit 0.03 -0.23 -0.08 2.56 1.77 -1.69 -0.15 0.60 -0.16 0.49 0.00
OPM % 33.33% -4.25% -0.54% 7.10% 4.88% -7.84% -0.69% 5.00% -3.88% 21.68%
0.00 0.34 0.35 0.58 0.68 1.01 0.99 0.03 0.54 0.00 0.00
Interest 0.00 0.00 0.03 0.00 0.00 0.00 0.01 0.04 0.05 0.20 0.18
Depreciation 0.00 0.00 0.00 0.01 0.05 0.15 0.24 0.29 0.24 0.56 0.74
Profit before tax 0.03 0.11 0.24 3.13 2.40 -0.83 0.59 0.30 0.09 -0.27 -0.92
Tax % 33.33% 0.00% 25.00% 24.92% 25.42% 0.00% -3.39% 6.67% 77.78% -3.70%
0.02 0.11 0.18 2.35 1.79 -0.83 0.62 0.29 0.02 -0.26 -0.95
EPS in Rs 0.01 0.02 0.23 0.17 -0.08 0.06 0.03 0.00 -0.03 -0.09
Dividend Payout % 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: 38%
5 Years: -43%
3 Years: -53%
TTM: -60%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -364%
Stock Price CAGR
10 Years: %
5 Years: -20%
3 Years: -23%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 0%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.25 5.71 5.71 5.71 5.71 10.27 10.27 10.27 10.27 10.27 10.27
Reserves 4.09 0.26 0.44 2.79 4.59 -0.85 -0.23 0.05 0.08 -0.18 -0.46
0.00 0.77 1.56 0.69 0.25 0.25 0.51 0.51 2.26 1.95 1.52
0.06 4.09 5.81 12.88 9.03 20.48 23.51 12.09 2.55 1.02 1.06
Total Liabilities 4.40 10.83 13.52 22.07 19.58 30.15 34.06 22.92 15.16 13.06 12.39
0.00 0.00 0.00 3.78 0.17 0.60 0.85 0.68 2.31 1.79 1.54
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.05 2.61 3.57 0.00 1.60 2.08 2.58 2.58 2.69 2.69 2.69
4.35 8.22 9.95 18.29 17.81 27.47 30.63 19.66 10.16 8.58 8.16
Total Assets 4.40 10.83 13.52 22.07 19.58 30.15 34.06 22.92 15.16 13.06 12.39

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.17 0.09 4.29 3.64 -0.80 -5.55 1.21 0.57
0.00 -0.61 -0.22 -2.61 -3.60 0.88 5.41 -1.34 0.65
0.00 0.79 -0.01 -1.76 0.00 0.26 0.00 -0.04 -0.04
Net Cash Flow 0.00 0.35 -0.13 -0.07 0.04 0.34 -0.14 -0.17 1.18

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 324.44 259.08 76.56 124.10 53.78 198.17 258.13 325.49 248.06 69.45
Inventory Days 0.00 23.33 28.78 20.21 21.87 47.90 64.73 132.67 854.75 2,824.78
Days Payable 265.52 144.68 139.52 90.58 351.39 438.73 723.77 997.97 952.17
Cash Conversion Cycle 324.44 16.89 -39.34 4.79 -14.93 -105.32 -115.87 -265.61 104.83 1,942.06
Working Capital Days 1,095.00 273.92 93.84 52.74 -12.59 -95.02 -66.84 65.95 271.09 352.08
ROCE % 3.74% 37.04% 24.32% -8.21% 5.93% 3.18% 1.19% -0.57%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49% 24.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.58% 1.33% 2.08%
75.51% 75.51% 75.51% 75.51% 75.51% 75.50% 75.52% 75.52% 75.50% 74.92% 74.18% 73.43%
No. of Shareholders 8971,3312,2362,2952,7562,8252,8793,0523,2665,1825,0845,240

* 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

Announcements

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