MANYAVAR - Perfect Rounding Bottom

Updated
MANYAVAR

Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
  • PE Ratio: 182.32
  • PB Ratio: 22.20
  • Sector PE: 1,245.48
  • Sector PB: 6.10
  • Sector Div Yld: 0.51%


Some Positives:
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge
  • Near 52 Week High


Some Negatives:
  • Companies with growing costs YoY for long term projects
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash


My Opinion: The low liquidity is my only big concern. Otherwise the rounding bottom pattern is screaming BUY.

NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Trade active
Great move of 10 %. CMP 1100
Note
04-09-2022: MANYAVAR CMP 1300.20
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