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Credo Brands Marketing Ltd (MUFTI)

₹160.131.1%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹159
    ₹162.19
  • 52 Week's Low

    52 Week's High

    ₹145.2
    ₹324.8
1 Month Return-5.48 %
3 Month Return-17.05 %
1 Year Return-49.27 %
Previous Close₹158.39
Open₹159.00
Volume1.63L
Upper Circuit-
Lower Circuit-
Market Cap₹1,022.27Cr

Key Statistics

P/E Ratio17.22
PEG Ratio-0.1
Market Cap₹1,022.27 Cr
P/B Ratio0
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.05%
HSBC Consumption Fund Direct GrowthHSBC Consumption Fund Direct Growth0.85%

Company Information

Credo Brands Marketing Ltd was incorporated as a private limited company in the name of Credo Brands Marketing Private Limited in Mumbai India dated April 29 1999 issued by the RoC. Subsequently the Company was converted from a private limited company to a public limited company dated May 11 2023 consequent to which a fresh certificate of incorporation was issued by the RoC to Company and the name of Company was changed to Credo Brands Marketing Limited.Credo Brands are among the largest homegrown brands in the midpremium and premium mens casual wear market. The Company is mainly engaged in the business of selling of fashion casual garments and accessories under the brand name Mufti. Their products are designed to provide a youthful appearance while keeping up with ongoing fashion trends. The Company has been providing a a wide range of products for multiple occasions in a customers life with their product offerings ranging from Shirts to TShirts to jeans to chinos to jackets which caters to all yearround clothing. The product mix has evolved significantly over the past several years from consisting of only shirts and trousers in the year 1998 to a wide range of products including TShirts sweatshirts jeans cargos chinos jackets blazersand sweaters in relaxed holiday casuals authentic daily casuals to urban casuals party wear and also athleisure categories. Their products main competitors in the similar price brackets are brands such as Jack Jones Levis Pepe Jeans and U.S. Polo Assn. In 1998 the Company launched the brand Mufti the brand was purchased by Company from proprietary concern of Kamal Khushlani in 2003. It launched Muftisphere in year 2014 to provide benefits to customers into shopping. The Company opened its 100th store in 2010 200th store in 2013 opened 300th store in 2019 and thereafter 350th store in 2022. As of March 31 2023 the Company had a network of 45 fabric and accessories suppliers and over 45 manufacturing partners with the top five suppliers. The Company is planning up to 19634960 Equity Shares through Offer for Sale..

Share Price: ₹160.13 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,022.27Cr as of today
Revenue: ₹133.08Cr as on March 2024 (Q1 24)
Net Profit: ₹7.07Cr as on March 2024 (Q1 24)
Listing date: 27 Dec, 2023
Chairperson Name: KAMAL D KHUSHLANI
OrganisationCredo Brands Marketing Ltd
Headquarters
IndustryRetail
E-voting on sharesClick here to vote

Key events for Credo Brands Marketing Ltd

  • Credo Brands Marketing Shares Drop 27% in a Month - 28 Mar, 2024

    Credo Brands Marketing Ltd shares have dropped by 27% in the last month, continuing a poor run for the company. Despite respectable earnings growth over the past year and a P/E ratio of 14.8x, investors may believe that this growth will underperform the broader market in the near future.

  • Credo Brands Stock Snaps Losing Streak, Gains Over 8% - 18 Mar, 2024

    Shares of Credo Brands Marketing Ltd. have gained over 8%, snapping a nine-day losing streak. The company plans to double its revenue in the next four to five years.

Insights on Credo Brands Marketing Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.92% to 3.56% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.25% to 5.66% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 28.77% to 30.61% in Dec 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 55.40% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 27.97 Cr → 15.59 Cr (in ₹), with an average decrease of 44.3% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, MUFTI stock has moved down by -26.2%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 166.8 Cr → 151.19 Cr (in ₹), with an average decrease of 9.4% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹133.08Cr
↓11.36%
Net Income
₹7.07Cr
↓54.65%
Net Profit Margin
5.31%
↓48.84%
2023Y/Y Change
Revenue
₹498.18Cr
↑46.02%
Net Income
₹77.51Cr
↑116.87%
Net Profit Margin
15.56%
↑48.47%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹618.49Cr
↑21.03%
Total Liabilities
₹337.13Cr
↑22.49%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹74.52Cr
↓4.92%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
55.19%
-0.09
Foreign Institutions
1.89%
-30.56
Mutual Funds
3.72%
-10.86
Retail Investors
35.27%
5.00
Others
3.93%
-8.01

Key Indicators

Credo Brands Marketing Ltd Valuation

Credo Brands Marketing Ltd in the last 5 years

  • Overview

  • Trends

Lowest (2.21x)

March 28, 2024

Industry (-422.86x)

July 23, 2024

Today (17.22x)

July 23, 2024

Highest (22.16x)

April 4, 2024

LowHigh

Earnings and Dividends

  • Credo Brands Marketing Ltd Earnings Results

    Credo Brands Marketing Ltd’s net profit fell -67.39% since last year same period to ₹7.07Cr in the Q4 2023-2024. On a quarterly growth basis, Credo Brands Marketing Ltd has generated -54.65% fall in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Credo Brands Marketing Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Credo Brands Marketing Ltd (MUFTI) share price today is ₹160.13

Credo Brands Marketing Ltd is listed on NSE

Credo Brands Marketing Ltd is listed on BSE

  • Today’s highest price of Credo Brands Marketing Ltd is ₹162.19.
  • Today’s lowest price of Credo Brands Marketing Ltd is ₹159.

PE Ratio of Credo Brands Marketing Ltd is 17.22

PE ratio = Credo Brands Marketing Ltd Market price per share / Credo Brands Marketing Ltd Earnings per share

Today’s traded volume of Credo Brands Marketing Ltd(MUFTI) is 1.63L.

Today’s market capitalisation of Credo Brands Marketing Ltd(MUFTI) is ₹1022.27Cr.

Credo Brands Marketing Ltd(MUFTIPrice
52 Week High
₹324.8
52 Week Low
₹145.2

Credo Brands Marketing Ltd(MUFTI) share price is ₹160.13. It is down -50.70% from its 52 Week High price of ₹324.8

Credo Brands Marketing Ltd(MUFTI) share price is ₹160.13. It is up 10.28% from its 52 Week Low price of ₹145.2

Credo Brands Marketing Ltd(MUFTIReturns
1 Day Returns
1.74%
1 Month Returns
-5.48%
3 Month Returns
-17.05%
1 Year Returns
-49.27%