Credo Brands Marketing Ltd

Credo Brands Marketing Ltd

₹ 170 0.84%
21 Nov - close price
About

Incorporated in 1999, Credo Brands Marketing Limited offers casual clothing for men with its flagship brand "Mufti".[1]

Key Points

Product Portfolio[1] Sweatshirts, jeans, cargos, chinos, jackets, blazers, sweaters in holiday casuals, authentic daily casuals urban casuals, party wear, and athleisure categories.

  • Market Cap 1,106 Cr.
  • Current Price 170
  • High / Low 325 / 136
  • Stock P/E 18.8
  • Book Value 58.0
  • Dividend Yield 0.29 %
  • ROCE 19.4 %
  • ROE 19.1 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 28.1% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -0.36%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
143 130 133 118 166 150 133 124 186
91 88 94 88 109 108 102 91 128
Operating Profit 51 43 39 30 57 43 31 33 58
OPM % 36% 33% 29% 26% 34% 28% 23% 27% 31%
1 1 10 1 1 1 1 1 1
Interest 4 5 5 5 6 7 6 6 6
Depreciation 13 13 14 15 15 16 16 15 16
Profit before tax 35 26 29 11 37 21 10 13 35
Tax % 25% 26% 25% 24% 24% 25% 29% 25% 25%
26 19 22 9 28 16 7 10 26
EPS in Rs 80.90 60.25 67.12 1.33 4.35 2.42 1.09 1.51 4.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
395 450 293 341 498 567 593
358 405 264 247 336 406 428
Operating Profit 37 45 29 94 162 161 164
OPM % 9% 10% 10% 27% 33% 28% 28%
1 1 1 13 13 4 4
Interest 2 7 5 15 18 24 25
Depreciation 11 13 13 46 53 62 64
Profit before tax 25 26 12 46 104 79 79
Tax % 32% 41% 23% 26% 25% 25%
17 15 9 34 77 59 59
EPS in Rs 53.76 48.46 29.01 105.73 240.89 9.17 9.09
Dividend Payout % 0% 0% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 25%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 84%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 22%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 13 13
Reserves 187 185 195 233 278 329 363
33 43 15 154 192 253 246
54 66 79 86 101 115 140
Total Liabilities 277 297 292 476 574 710 762
44 47 41 179 237 281 290
CWIP 5 1 0 1 0 1 0
Investments 0 0 0 0 0 0 0
228 249 251 296 338 428 472
Total Assets 277 297 292 476 574 710 762

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 25 61 78 75 56
-19 -14 -7 -28 -21 -35
12 -11 -31 -39 -82 -28
Net Cash Flow -0 -0 24 11 -28 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 106 116 152 132 101 137
Inventory Days 142 114 175 163 195 189
Days Payable 41 43 103 91 73 45
Cash Conversion Cycle 208 186 224 204 223 281
Working Capital Days 146 138 169 160 159 189
ROCE % 15% 8% 20% 28% 19%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024
55.40% 55.24% 55.19% 54.83%
3.56% 2.72% 1.89% 1.47%
10.42% 8.45% 7.65% 6.69%
30.61% 33.58% 35.26% 36.99%
No. of Shareholders 88,34881,57980,18278,243

* 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.

Click on the line-items to see the names of individual entities.

Documents