Cash flow Credo Brands Marketing Limited

Equities

MUFTI

INE220Q01020

Apparel & Accessories

Delayed NSE India S.E. Other stock markets 12:47:21 2024-09-13 am EDT			5-day change	1st Jan Change
213.40 ^INR	+0.91%		+6.66%	-26.79%

Aug. 30	Credo Brands Marketing Limited Approves Dividend for the Financial Year 2023-24	CI
Aug. 06	Credo Brands Marketing Limited Reports Earnings Results for the First Quarter Ended June 30, 2024	CI

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Published financial data: CREDO BRANDS MARKETING LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024
Revenues	2.45B	3.41B	4.98B	5.67B
Total Revenues	2.45B	3.41B	4.98B	5.67B
Cost of Goods Sold, Total	1.25B	1.48B	2.12B	2.42B
Gross Profit	1.19B	1.94B	2.86B	3.25B
Selling General & Admin Expenses, Total	272M	355M	489M	694M
Provision for Bad Debts	-	-	230K	370K
Depreciation & Amortization - (IS)	441M	459M	534M	622M
Other Operating Expenses	414M	608M	674M	924M
Other Operating Expenses, Total	1.13B	1.42B	1.7B	2.24B
Operating Income	67.98M	516M	1.16B	1.01B
Interest Expense, Total	-157M	-137M	-156M	-217M
Interest And Investment Income	15.06M	27.67M	56.58M	17.3M
Net Interest Expenses	-142M	-110M	-99.63M	-200M
Currency Exchange Gains (Loss)	20K	-	-	-10K
Other Non Operating Income (Expenses)	-10.21M	-13.05M	-21.24M	-18.99M
EBT, Excl. Unusual Items	-84.1M	393M	1.04B	789M
Gain (Loss) On Sale Of Assets	-11.6M	-6.31M	-4.05M	-5.81M
Insurance Settlements	-	12.62M	-	-
Other Unusual Items	136M	79.2M	3.58M	5.39M
EBT, Incl. Unusual Items	40.08M	478M	1.04B	789M
Income Tax Expense	5.67M	121M	263M	197M
Earnings From Continuing Operations	34.41M	357M	775M	592M
Net Income to Company	34.41M	357M	775M	592M
Net Income - (IS)	34.41M	357M	775M	592M
Net Income to Common Incl Extra Items	34.41M	357M	775M	592M
Net Income to Common Excl. Extra Items	34.41M	357M	775M	592M
Per Share Items
Net EPS - Basic	0.54	5.6	12.06	9.2
Basic EPS - Continuing Operations	0.54	5.6	12.06	9.2
Basic Weighted Average Shares Outstanding	63.84M	63.84M	64.3M	64.33M
Net EPS - Diluted	0.54	5.56	12.06	9.2
Diluted EPS - Continuing Operations	0.54	5.56	12.06	9.2
Diluted Weighted Average Shares Outstanding	63.84M	64.29M	64.3M	64.38M
Normalized Basic EPS	-0.82	3.85	10.1	7.67
Normalized Diluted EPS	-0.82	3.82	10.1	7.66
Dividend Per Share	-	-	50	0.5
Payout Ratio	-	-	20.74	-
Supplemental Items
EBITDA	193M	640M	1.31B	1.19B
EBITA	68.54M	516M	1.16B	1.01B
EBIT	67.98M	516M	1.16B	1.01B
EBITDAR	231M	680M	1.35B	1.26B
Total Revenues (As Reported)	2.61B	3.55B	5.09B	5.72B
Effective Tax Rate - (Ratio)	14.15	25.28	25.33	24.97
Current Domestic Taxes	50.01M	187M	309M	-
Total Current Taxes	50.01M	187M	309M	266M
Deferred Domestic Taxes	-38.18M	-59.93M	-44.65M	-
Total Deferred Taxes	-38.18M	-59.93M	-44.65M	-64.02M
Normalized Net Income	-52.56M	246M	649M	493M
Interest on Long-Term Debt	135M	112M	124M	166M
Non-Cash Pension Expense	3.44M	2.85M	2.7M	3.19M
Supplemental Operating Expense Items
Advertising Expense	15.02M	22.31M	174M	310M
Selling and Marketing Expenses	15.02M	22.31M	174M	310M
Net Rental Expense, Total	38.57M	40.61M	47.68M	68.58M
Imputed Operating Lease Interest Expense	-	29.91M	34.43M	53.46M
Imputed Operating Lease Depreciation	-	10.7M	13.25M	15.12M
Maintenance & Repair Expenses, Total	3.02M	4.44M	5.31M	12.15M
Stock-Based Comp., SG&A Exp. (Total)	6.72M	11.3M	2.29M	5.99M
Total Stock-Based Compensation	6.72M	11.3M	2.29M	5.99M

Fiscal Period: March	2021	2022	2023	2024
Assets
Cash And Equivalents	252M	507M	81.35M	16.64M
Total Cash And Short Term Investments	252M	507M	81.35M	16.64M
Accounts Receivable, Total	1.22B	1.24B	1.37B	2.12B
Other Receivables	330K	6.5M	170K	200K
Total Receivables	1.22B	1.24B	1.37B	2.12B
Inventory	586M	657M	1.13B	1.25B
Prepaid Expenses	4.51M	5.97M	92.19M	7.09M
Other Current Assets, Total	61.31M	106M	196M	271M
Total Current Assets	2.13B	2.52B	2.88B	3.67B
Gross Property Plant And Equipment	2.1B	2.23B	3.33B	4.08B
Accumulated Depreciation	-439M	-454M	-983M	-1.28B
Net Property Plant And Equipment	1.66B	1.78B	2.35B	2.8B
Other Intangibles, Total	1.93M	1.38M	3.76M	2.25M
Deferred Tax Assets Long-Term	120M	158M	203M	267M
Other Long-Term Assets, Total	263M	304M	313M	368M
Total Assets	4.17B	4.76B	5.74B	7.1B
Liabilities
Accounts Payable, Total	347M	367M	425M	296M
Accrued Expenses, Total	28.25M	40.53M	40.12M	32.92M
Short-term Borrowings	610K	610K	-	291M
Current Portion of Long-Term Debt	17.62M	33.24M	33.24M	36.38M
Current Portion of Leases	243M	297M	306M	342M
Current Income Taxes Payable	28.36M	-	-	5.42M
Other Current Liabilities	77.97M	102M	154M	377M
Total Current Liabilities	743M	840M	958M	1.38B
Long-Term Debt	134M	101M	67.55M	48.46M
Long-Term Leases	1.05B	1.11B	1.51B	1.81B
Pension & Other Post Retirement Benefits	42.27M	35.35M	38.16M	40.19M
Other Non Current Liabilities	282M	316M	355M	399M
Total Liabilities	2.25B	2.4B	2.93B	3.68B
Common Stock, Total	31.92M	31.92M	32.15M	129M
Additional Paid In Capital	148M	148M	159M	68.7M
Retained Earnings	1.74B	2.16B	2.61B	3.2B
Comprehensive Income and Other	6.72M	18.02M	9.02M	14.26M
Total Common Equity	1.92B	2.36B	2.81B	3.42B
Total Equity	1.92B	2.36B	2.81B	3.42B
Total Liabilities And Equity	4.17B	4.76B	5.74B	7.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	63.84M	63.84M	64.3M	64.48M
ECS Total Common Shares Outstanding	63.84M	63.84M	64.3M	64.48M
Book Value / Share	30.13	36.92	43.75	52.99
Tangible Book Value	1.92B	2.36B	2.81B	3.41B
Tangible Book Value Per Share	30.1	36.9	43.7	52.95
Total Debt	1.44B	1.54B	1.92B	2.53B
Net Debt	1.19B	1.04B	1.84B	2.52B
Debt Equivalent of Unfunded Proj. Benefit Obligation	44.29M	38.66M	43.2M	48.35M
Debt Equivalent Oper. Leases	309M	325M	381M	549M
Account Code - Inventory Valuation	-	-	5	5
Inventories - Raw Materials, Total	47.47M	51.91M	60.71M	57.67M
Inventories - Finished Goods, Total	539M	605M	1.07B	1.19B
Machinery, Total	242M	224M	419M	576M
Full Time Employees	-	-	220	232
Accumulated Allowance for Doubtful Accounts (Supple)	100K	104M	84.04M	91.41M

Fiscal Period: March	2021	2022	2023	2024
Net Income	34.41M	357M	775M	592M
Depreciation & Amortization - CF	439M	458M	534M	620M
Amortization of Goodwill and Intangible Assets - (CF)	560K	540K	520K	500K
Depreciation & Amortization, Total	440M	459M	534M	621M
Amortization of Deferred Charges, Total - (CF)	940K	70K	150K	1.01M
(Gain) Loss From Sale Of Asset	11.6M	6.31M	4.05M	5.82M
Stock-Based Compensation (CF)	6.72M	11.3M	2.29M	5.99M
Provision and Write-off of Bad Debts	100K	112M	11.07M	8.47M
Other Operating Activities, Total	8.5M	-55.88M	43.47M	140M
Change In Accounts Receivable	202M	-116M	-118M	-757M
Change In Inventories	14.35M	-71.29M	-477M	-115M
Change In Accounts Payable	134M	21.68M	58.92M	-129M
Change in Other Net Operating Assets	103M	59.36M	-111M	190M
Cash from Operations	956M	784M	724M	563M
Capital Expenditure	-59.08M	-152M	-341M	-359M
Sale of Property, Plant, and Equipment	300K	350K	530K	5.13M
Cash Acquisitions	-	-100K	-	-
Sale (Purchase) of Intangible assets	-210K	-60K	-3.06M	-
Investment in Marketable and Equity Securities, Total	-3.7M	-140M	140M	4.11M
Other Investing Activities, Total	3.57M	12.66M	13.42M	4.49M
Cash from Investing	-59.12M	-280M	-191M	-346M
Short Term Debt Issued, Total	-	-	-	291M
Long-Term Debt Issued, Total	5.23M	-	-	18.25M
Total Debt Issued	5.23M	-	-	309M
Short Term Debt Repaid, Total	-287M	-17.63M	-33.85M	-
Long-Term Debt Repaid, Total	-336M	-342M	-433M	-546M
Total Debt Repaid	-623M	-360M	-466M	-546M
Issuance of Common Stock	-	-	230K	5.62M
Common Dividends Paid	-	-	-161M	-
Common & Preferred Stock Dividends Paid	-	-	-161M	-
Special Dividend Paid	-	-	-161M	-
Other Financing Activities, Total	-42.99M	-30.38M	-30.96M	-46.54M
Cash from Financing	-661M	-390M	-819M	-278M
Net Change in Cash	236M	114M	-285M	-60.6M
Supplemental Items
Cash Interest Paid	42.99M	30.38M	30.96M	46.54M
Cash Income Tax Paid (Refund)	1.47M	197M	308M	246M
Levered Free Cash Flow	-	447M	145M	692K
Unlevered Free Cash Flow	-	532M	243M	136M
Change In Net Working Capital	-	108M	674M	762M
Net Debt Issued / Repaid	-618M	-360M	-466M	-237M

Fiscal Period: March	2021	2022	2023	2024
Profitability
Return on Assets	-	7.22	13.8	9.81
Return on Total Capital	-	8.87	16.79	11.8
Return On Equity %	-	16.7	29.98	19
Return on Common Equity	-	16.7	29.98	19
Margin Analysis
Gross Profit Margin %	48.8	56.76	57.35	57.26
SG&A Margin	11.11	10.4	9.81	12.23
EBITDA Margin %	7.88	18.75	26.23	20.97
EBITA Margin %	2.8	15.13	23.28	17.77
EBIT Margin %	2.78	15.11	23.27	17.77
Income From Continuing Operations Margin %	1.41	10.48	15.56	10.43
Net Income Margin %	1.41	10.48	15.56	10.43
Net Avail. For Common Margin %	1.41	10.48	15.56	10.43
Normalized Net Income Margin	-2.15	7.2	13.03	8.7
Levered Free Cash Flow Margin	-	13.09	2.91	0.01
Unlevered Free Cash Flow Margin	-	15.61	4.87	2.4
Asset Turnover
Asset Turnover	-	0.76	0.95	0.88
Fixed Assets Turnover	-	1.99	2.41	2.21
Receivables Turnover (Average Receivables)	-	2.77	3.82	3.25
Inventory Turnover (Average Inventory)	-	2.37	2.37	2.03
Short Term Liquidity
Current Ratio	2.87	3	3	2.66
Quick Ratio	1.99	2.08	1.52	1.55
Operating Cash Flow to Current Liabilities	1.29	0.93	0.76	0.41
Days Sales Outstanding (Average Receivables)	-	131.6	95.58	112.75
Days Outstanding Inventory (Average Inventory)	-	153.84	153.87	179.87
Average Days Payable Outstanding	-	84.2	55.51	51.89
Cash Conversion Cycle (Average Days)	-	201.24	193.94	240.73
Long Term Solvency
Total Debt/Equity	74.94	65.44	68.21	74.1
Total Debt / Total Capital	42.84	39.55	40.55	42.56
LT Debt/Equity	61.35	51.41	56.16	54.52
Long-Term Debt / Total Capital	35.07	31.08	33.38	31.31
Total Liabilities / Total Assets	53.88	50.48	51.03	51.87
EBIT / Interest Expense	0.43	3.75	7.42	4.65
EBITDA / Interest Expense	3.24	7.09	10.84	7.51
(EBITDA - Capex) / Interest Expense	2.86	5.99	8.66	5.85
Total Debt / EBITDA	2.84	1.58	1.13	1.55
Net Debt / EBITDA	2.34	1.06	1.09	1.54
Total Debt / (EBITDA - Capex)	3.21	1.88	1.42	1.99
Net Debt / (EBITDA - Capex)	2.65	1.26	1.36	1.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	39.35	46.02	13.88
Gross Profit, 1 Yr. Growth %	-	62.08	47.53	13.7
EBITDA, 1 Yr. Growth %	-	231.82	104.21	-8.93
EBITA, 1 Yr. Growth %	-	652.96	124.77	-13.07
EBIT, 1 Yr. Growth %	-	658.37	124.9	-13.07
Earnings From Cont. Operations, 1 Yr. Growth %	-	938.65	116.88	-23.63
Net Income, 1 Yr. Growth %	-	938.65	116.88	-23.63
Normalized Net Income, 1 Yr. Growth %	-	-567.09	164.39	-24
Diluted EPS Before Extra, 1 Yr. Growth %	-	931.55	116.83	-23.69
Accounts Receivable, 1 Yr. Growth %	-	0.95	11.1	54.57
Inventory, 1 Yr. Growth %	-	12.16	72.51	10.17
Net Property, Plant and Equip., 1 Yr. Growth %	-	7.45	31.98	19.02
Total Assets, 1 Yr. Growth %	-	14.16	20.68	23.57
Tangible Book Value, 1 Yr. Growth %	-	22.61	19.27	21.52
Common Equity, 1 Yr. Growth %	-	22.56	19.36	21.44
Cash From Operations, 1 Yr. Growth %	-	-18.04	-7.62	-22.3
Capital Expenditures, 1 Yr. Growth %	-	157.7	124.29	5.21
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-67.5	-99.52
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-54.41	-43.89
Dividend Per Share, 1 Yr. Growth %	-	-	-	-99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	42.65	28.95
Gross Profit, 2 Yr. CAGR %	-	-	54.63	29.51
EBITDA, 2 Yr. CAGR %	-	-	160.31	36.37
EBITA, 2 Yr. CAGR %	-	-	311.39	39.79
EBIT, 2 Yr. CAGR %	-	-	312.99	39.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	374.62	28.7
Net Income, 2 Yr. CAGR %	-	-	374.62	28.7
Normalized Net Income, 2 Yr. CAGR %	-	-	251.42	41.76
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	372.94	28.63
Accounts Receivable, 2 Yr. CAGR %	-	-	5.91	31.05
Inventory, 2 Yr. CAGR %	-	-	39.1	37.86
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	19.08	25.33
Total Assets, 2 Yr. CAGR %	-	-	17.37	22.12
Tangible Book Value, 2 Yr. CAGR %	-	-	20.93	20.39
Common Equity, 2 Yr. CAGR %	-	-	20.95	20.39
Cash From Operations, 2 Yr. CAGR %	-	-	-12.99	-15.28
Capital Expenditures, 2 Yr. CAGR %	-	-	140.42	53.62
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-96.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-49.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	32.33
Gross Profit, 3 Yr. CAGR %	-	-	-	39.57
EBITDA, 3 Yr. CAGR %	-	-	-	83.42
EBITA, 3 Yr. CAGR %	-	-	-	145.04
EBIT, 3 Yr. CAGR %	-	-	-	145.67
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	158.15
Net Income, 3 Yr. CAGR %	-	-	-	158.15
Normalized Net Income, 3 Yr. CAGR %	-	-	-	110.94
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	157.47
Accounts Receivable, 3 Yr. CAGR %	-	-	-	20.13
Inventory, 3 Yr. CAGR %	-	-	-	28.7