Table of Contents

Zodiac Clothing Company Ltd

Updated on April 19, 2024

Stock/Share Code - ZODIACLOTH

Zodiac Clothing Company is a leading garment manufacturing Company and having retail stores spread across India.

Below is the details of ZODIACLOTH Zodiac Clothing Company Ltd

Market Cap	₹246.47 Cr.
Current Price	₹85.05 as on 23 Mar 23
52 Week High / Low Price	₹222.5 / ₹81
Face Value	₹10
Stock P/E
Book Value	₹111.36
Dividend Yield	0.92 %
ROCE	-3.05 %
ROE	-8.52 %
Sales Growth (3yrs)	-11.03 %
Sector	Readymade Garments/ Apparells
Industry	Textiles - Products
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Stock is trading at 0.98 times its book value

Cons: Company has low interest coverage ratio. The company has delivered a poor growth of -10.13% over past five years. Company has a low return on equity of -7.32% for last 3 years. Earnings include an other income of Rs.17.44 Cr. Company's cost of borrowing seems high

Zodiac Clothing Company Ltd Price Chart

Zodiac Clothing Company Ltd Peer Comparison in Readymade Garments/ Apparells

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Page Industries	₹2.35	61.69	₹21,171.29 Cr.	0.85	₹31.02 Cr.	-58.63	-10.96	541.26	53.49
2.	K P R Mill Ltd	₹1.45	10.94	₹3,772.51 Cr.	0.82	₹60.3 Cr.	-34.62	-39.99	540.68	19.85
3.		20.74	₹1,592.08 Cr.	1.50	₹20.58 Cr.	259.79	4.86	209.55	13.51
4.	Kewal Kir.Cloth.		19.34	₹969.14 Cr.	5.47	-₹8.82 Cr.	-162.38	-93.64	7.01	19.64
5.	Kitex Garments		6.90	₹713.21 Cr.	1.40	₹17.62 Cr.	-27.22	-18.70	146.32	20.76
6.	Pearl Global Ind		14.22	₹313.42 Cr.	2.08	-₹0.17 Cr.	-102.78	3.17	518.47	8.51
7.	Zodiac Cloth. Co			₹246.47 Cr.	0.92	-₹5.8 Cr.	10.63	-19.85	42.89	-3.05
8.	Gokaldas Exports		16.44	₹227.83 Cr.	0.00	-₹3.89 Cr.	-138.86	-31.68	233.83	7.33

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Zodiac Clothing Company Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
Sales -	53.58	58.47	57.53	66.46	53.06	47.06	60.79	53.51	52.11	42.65	51.74	42.89
YOY Sales Growth %	-20.42%	-1.10%	-22.67%	-2.34%	-0.97%	-19.51%	5.67%	-19.49%	-1.79%	-9.37%	-14.89%	-19.85%
Expenses -	61.77	62.82	61.87	73.46	57.45	54.74	60.11	53.88	54.30	41.97	44.08	40.82
Material Cost %	37.78%	44.38%	35.84%	48.42%	35.81%	37.42%	29.15%	35.41%	38.00%	31.16%	32.82%	41.11%
Employee Cost %	28.24%	25.07%	24.28%	24.07%	28.95%	31.68%	23.26%	24.28%	30.36%	32.47%	26.32%	24.99%
Operating Profit	-8.19	-4.35	-4.34	-7.00	-4.39	-7.68	0.68	-0.37	-2.19	0.68	7.66	2.07
OPM %	-15.29%	-7.44%	-7.54%	-10.53%	-8.27%	-16.32%	1.12%	-0.69%	-4.20%	1.59%	14.80%	4.83%
Other Income	9.79	4.54	1.45	0.44	6.29	2.07	2.56	-2.20	8.59	4.17	0.90	3.78
Interest	0.89	0.63	0.97	0.60	0.78	1.02	0.86	1.68	3.72	3.46	3.44	3.24
Depreciation	2.68	2.61	2.62	2.68	2.65	2.59	2.57	2.60	9.13	8.22	8.80	9.00
Profit before tax	-1.97	-3.05	-6.48	-9.84	-1.53	-9.22	-0.19	-6.85	-6.45	-6.83	-3.68	-6.39
Tax %	-3.05%	20.98%	20.83%	1.93%	-64.05%	13.34%	268.42%	-20.73%	0.78%	6.15%	26.36%	9.23%
Net Profit	-2.03	-2.41	-5.13	-9.65	-2.51	-7.99	0.32	-8.27	-6.40	-6.41	-2.71	-5.80
EPS in Rs	-1.04	-1.23	-2.63	-4.94	-1.29	-4.05	0.16	-4.04	-3.01	-2.91	-1.21	-2.58
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Sales -	267	266	291	306	305	344	323	301	269	236	214	189
Sales Growth %	16.85%	-0.30%	9.61%	4.91%	-0.17%	12.83%	-6.21%	-6.95%	-10.53%	-12.22%	-9.16%	-11.67%
Expenses -	256	247	268	292	286	317	315	302	275	258	224	181
Material Cost %	34.83%	35.12%	34.86%	34.32%	43.91%	42.76%	42.89%	42.23%	40.19%	41.94%	34.18%	35.75%
Manufacturing Cost %	14.89%	16.14%	13.82%	14.67%	6.83%	7.38%	7.71%	8.21%	12.48%	13.99%	12.78%	0.00%
Employee Cost %	15.74%	16.01%	17.93%	18.26%	17.44%	16.61%	18.34%	19.42%	22.65%	24.89%	26.90%	28.52%
Other Cost %	30.35%	25.53%	25.23%	28.16%	25.56%	25.26%	28.46%	30.66%	26.96%	28.48%	30.56%	31.40%
Operating Profit	11	19	24	14	19	28	8	-2	-6	-22	-9	8
OPM %	4%	7%	8%	5%	6%	8%	3%	-1%	-2%	-9%	-4%	4%
Other Income	19	21	14	9	8	7	16	11	17	16	8	17
Interest	2	2	2	3	3	4	4	5	5	5	6	14
Depreciation	4	5	5	6	8	8	8	9	11	11	10	35
Profit before tax	24	33	31	14	16	22	12	-5	-5	-21	-18	-23
Tax %	37%	36%	24%	22%	31%	33%	20%	29%	-29%	9%	-4%	9%
Net Profit	15	21	23	11	11	15	10	-4	-6	-19	-18	-21
EPS in Rs	7.51	10.60	11.59	5.38	5.28	6.93	4.35	0.00	0.00	0.00	0.00	-9.65
Dividend Payout %	36%	28%	28%	53%	61%	58%	64%	-54%	-33%	-10%	-12%	0%

Compounded Sales Growth

10 Years:: -3.34%
5 Years:: -10.13%
3 Years:: -11.03%
TTM:: -11.67%

Compounded Profit Growth

TTM:: -43.86%

Return on Equity

10 Years:: -6.83%
5 Years:: -18.03%
3 Years:: -17.64%
1 Year:: -42.73%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	8	8	13	19	19	19	20	20	20	20	21
Equity Capital	8.39	8.39	12.82	19.27	19.39	19.39	19.51	19.52	19.52	19.52	21.29	22.48
Reserves	109	131	147	145	150	157	162	157	232	224	229
Borrowings	25	32	36	47	45	42	52	66	59	67	60
Other Liabilities -	49	41	48	47	52	68	60	55	50	56	56
Trade Payables	15.58	16.08	22.92	24.32	0.38	35.37	32.89	31.31	28.71	36.59	21.79
Advance from Customers	0.50	0.73	1.06	1.14	0.78	1.10	1.13	1.56	0.00	0.00	0.00
Other liability items	33.19	23.79	24.51	21.13	50.81	31.51	25.64	22.47	21.61	19.08	34.19
Total Liabilities	192	213	244	258	266	286	293	298	361	366	367
Fixed Assets -	49	51	54	64	84	87	95	108	141	133	127
Gross Block	71	77	86	101	128	140	156	176	152	155	158
Accumulated Depreciation	22	27	32	37	45	53	61	69	11	21	31
CWIP	3	9	17	20	2	4	6	5	3	2	2
Investments	13	13	26	18	25	24	22	21	73	57	54
Other Assets -	127	140	146	156	156	171	169	164	144	174	183
Inventories	47	50	69	70	70	72	77	77	71	78	87
Trade receivables	22	22	21	18	27	32	29	24	21	25	22
Cash Equivalents	10	21	5	9	3	3	3	2	3	4	5
Loans n Advances	50	49	28	34	29	34	31	30	25	39	40
Other asset items	-2	-2	22	24	27	29	30	30	26	28	29
Total Assets	192	213	244	258	266	286	293	298	361	366	367

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cash from Operating Activity -	16	15	1	4	16	12	2	4	-3	-39	-30
Profit from operations	26.28	35.30	25.48	14.27	19.11	27.42	9.48	-2.17	-4.22	-19.51	-8.94
Receivables	-3.03	-3.93	-2.36	-5.87	-5.01	-13.27	1.01	3.96	0.81	-15.53	1.05
Inventory	0.38	-3.14	-18.97	-1.50	0.89	-2.86	-4.54	-0.33	6.62	-7.36	-8.84
Payables	2.46	-1.46	5.80	1.88	5.37	7.93	-4.43	2.73	-3.13	6.04	-10.61
Other WC items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.12	-0.21	-1.33
Working capital changes	-0.19	-8.53	-15.53	-5.49	1.25	-8.20	-7.96	6.36	4.17	-17.06	-19.72
Direct taxes	-10.50	-11.81	-8.52	-4.87	-4.59	-7.19	0.14	-0.54	-3.42	-2.86	-1.33
Cash from Investing Activity +	-2	11	-18	2	-9	-4	-3	-11	15	40	-1
Cash from Financing Activity -	-13	-9	13	-0	-10	-8	1	7	-10	1	32
Proceeds from shares	0.01	0.16	3.95	0.44	1.36	0.00	2.80	0.20	0.00	0.00	30.00
Proceeds from borrowings	61.68	179.94	139.40	142.51	153.24	174.76	180.35	168.09	12.53	9.20	0.00
Repayment of borrowings	-60.23	-172.22	-135.15	-132.48	-155.86	-176.44	-169.16	-154.28	-17.94	-2.97	-7.40
Interest paid fin	-1.18	-1.19	-0.51	-1.23	-1.62	-2.17	-2.21	-2.51	-2.93	-3.04	-4.15
Dividends paid	-6.38	-6.38	-6.87	-9.38	-7.54	-4.20	-10.31	-4.88	-1.95	-1.95	-1.95
Other financing items	-6.52	-9.21	11.89	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	15.00
Net Cash Flow	1	17	-3	6	-4	0	0	-1	1	2	0

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Ratios

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROCE %	19%	22%	13%	7%	8%	12%	7%	-0%	1%	-5%	-3%
Debtor Days	30	30	27	22	32	34	33	29	28	39	38
Inventory Turnover	2.08	2.02	1.79	1.58	2.00	2.17	1.94	1.73	1.55	1.41	0.96

Announcements & News

Recent Announcements

Credit Ratings

Zodiac Clothing Company Limited - Update on Material Event 22 Nov 2019 from icra
Zodiac Clothing Company Limited: Rating revised to [ICRA]A2 from [ICRA]A2+ 3 Jun 2019 from icra
Zodiac Clothing Company Limited: Rating downgraded to [ICRA]A2+ 6 Apr 2018 from icra
ICRA revises rating for commercial paper programme and bank facilities of Zodiac Clothing Company Limited to [ICRA]A1 from [ICRA]A1+ 30 Mar 2017 from icra
Rating reaffirmed for commercial paper programme and bank facilities of Zodiac Clothing Company Limited at [ICRA]A1+ 1 Aug 2016 from icra

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