Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Event-Driven

<ul>
<li>A special call auction shall be held on October 28, 2024 by BSE &amp; NSE to discover hidden value in Investment Holding Companies.</li>
<li>BSE and NSE came out with the list of 8-9 Companies that are eligible for this special session. </li>
<li>We calculated the upside left in these companies using the Current price with 30% discount: 3 Companies with more than 100% upside.</li>
</ul>


A special call auction shall be held on October 28, 2024 by BSE &amp; NSE to discover hidden value in Investment Holding Companies.
BSE and NSE came out with the list of 8-9 Companies that are eligible for this special session. 
We calculated the upside left in these companies using the Current price with 30% discount: 3 Companies with more than 100% upside.


Event Driven: Special Call Auction in Indian Holding Companies

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>In this Insight, we highlight industry and company-specific developments based on the annual reports of various companies related to the apparel industry.</li>
<li>The industry has encountered challenges, primarily due to a slowdown in demand and rising inflation. Most companies are now hoping for a turnaround.</li>
<li>Companies in Focus <a href="https://www.smartkarma.com/entities/aditya-birla-fashion-and-retail-ltd" target="_blank" data-smartkarma-citation="entities:19048:1" rel="noopener">Aditya Birla Fashion and Retail Ltd (ABFRL IN)</a>, <a href="https://www.smartkarma.com/entities/arvind-fashions" target="_blank" data-smartkarma-citation="entities:28960:1" rel="noopener">Arvind Fashions (ARVINDFA IN)</a>, <a href="https://www.smartkarma.com/entities/vedant-fashions-limited" target="_blank" data-smartkarma-citation="entities:34260:1" rel="noopener">Vedant Fashions (MANYAVAR IN)</a>, <a href="https://www.smartkarma.com/entities/go-fashion-india-private-limited" target="_blank" data-smartkarma-citation="entities:36625:1" rel="noopener">Go Fashion India (GOCOLORS IN)</a> and <a href="https://www.smartkarma.com/entities/credo-brands-marketing-limited" target="_blank" data-smartkarma-citation="entities:40400:1" rel="noopener">Credo Brands Marketing (CREDO IN)</a>.  </li>
</ul>


In this Insight, we highlight industry and company-specific developments based on the annual reports of various companies related to the apparel industry.
The industry has encountered challenges, primarily due to a slowdown in demand and rising inflation. Most companies are now hoping for a turnaround.
Companies in Focus Aditya Birla Fashion and Retail Ltd (ABFRL IN), Arvind Fashions (ARVINDFA IN), Vedant Fashions (MANYAVAR IN), Go Fashion India (GOCOLORS IN) and Credo Brands Marketing (CREDO IN).  


Namaste India 🙏 | Catching up with Fashion

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Aditya Birla Fashion and Retail / Equity Bottom-Up

Aditya Birla Fashion and Retail (ABFRL IN)

<ul><li>Sluggish consumption demand in the discretionary space: Prolonged heat waves and a lesser wedding season in Q1 have resulted in sluggish consumption demand in the discretionary space.</li><li>The company’s consolidated revenue grew by 7% YoY, led by Ethnic (up 2.6x YoY) and TMRW (up 2x YoY), while the overall demerged business grew strongly by 26% YoY.</li><li>EBITDA stood at Rs 358 Cr, up 22.6% YoY, with EBITDA margins coming in at 10.5%, up by 131 bps YoY due to gross margin expansions and effective cost control measures. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sluggish consumption demand in the discretionary space: Prolonged heat waves and a lesser wedding season in Q1 have resulted in sluggish consumption demand in the discretionary space.The company’s consolidated revenue grew by 7% YoY, led by Ethnic (up 2.6x YoY) and TMRW (up 2x YoY), while the overall demerged business grew strongly by 26% YoY.EBITDA stood at Rs 358 Cr, up 22.6% YoY, with EBITDA margins coming in at 10.5%, up by 131 bps YoY due to gross margin expansions and effective cost control measures. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aditya Birla Fashion & Retail Ltd - Narrative Changing Towards Profitability; Maintain HOLD

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Overall, Cantabil Retail is a well-managed company with a solid track record and a clear growth strategy. </li>
<li>With a focus on expanding into new markets, maintaining high profitability, and strong promoter and FII confidence, Cantabil is poised for continued success in the Indian retail sector. </li>
<li>Investors looking for a promising investment opportunity in the apparel industry should consider Cantabil Retail for its strong financial performance and growth potential.</li>
</ul>


Overall, Cantabil Retail is a well-managed company with a solid track record and a clear growth strategy. 
With a focus on expanding into new markets, maintaining high profitability, and strong promoter and FII confidence, Cantabil is poised for continued success in the Indian retail sector. 
Investors looking for a promising investment opportunity in the apparel industry should consider Cantabil Retail for its strong financial performance and growth potential.


The Beat Ideas: What Makes Cantabil Retail an Interesting Bet on the Apparel Market?

<ul><li>Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front.</li><li>Its consolidated revenue stood at Rs 3,407Cr, up by 18.3% YoY (vs our estimates 11%YoY).</li><li>This growth was led by new businesses (ethnic, Reebok, TMRW) and a shift from unorganized to organized segment, despite the muted market, marred by prolonged sluggish consumption in the discretionary space coupled with fewer wedding days. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front.Its consolidated revenue stood at Rs 3,407Cr, up by 18.3% YoY (vs our estimates 11%YoY).This growth was led by new businesses (ethnic, Reebok, TMRW) and a shift from unorganized to organized segment, despite the muted market, marred by prolonged sluggish consumption in the discretionary space coupled with fewer wedding days. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aditya Birla Fashion& Retail Ltd. - Long Road to Recovery; Maintain HOLD

India

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company offering a diverse portfolio of apparel and non-apparel accessories, including casual wear, formal wear, ethnic wear, and footwear. The company operates prominent brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons. ABFRL is headquartered in Mumbai, Maharashtra, India, and was founded in 2015.

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Aditya Birla Fashion and Retail (ABFRL IN)

Event Driven: Special Call Auction in Indian Holding Companies

BSE & NSE to hold special call auction on Oct 28, 2024 for Investment Holding Companies, 8-9 eligible, 3 with over 100% upside potential.

Nimish Maheshwari

Namaste India 🙏 | Catching up with Fashion

Exploring the challenges and growth projections of the Indian apparel industry, with companies like Aditya Birla Fashion and Retail Ltd and Arvind...

Pranav Bhavsar

Aditya Birla Fashion & Retail Ltd - Narrative Changing Towards Profitability; Maintain HOLD

Sluggish consumption demand in the discretionary space: Prolonged heat waves and a lesser wedding season in Q1 have resulted in sluggish...

Axis Direct

The Beat Ideas: What Makes Cantabil Retail an Interesting Bet on the Apparel Market?

Cantabil Retail is a well-managed company with a clear growth strategy, poised for success in the Indian retail sector, making it a promising...

Sudarshan Bhandari

Aditya Birla Fashion& Retail Ltd. - Long Road to Recovery; Maintain HOLD

Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front. Its consolidated revenue...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Event Driven: Special Call Auction in Indian Holding Companies

​BSE & NSE to hold special call auction on Oct 28, 2024 for Investment Holding Companies, 8-9 eligible, 3 with over 100% upside potential.

Nimish Maheshwari

Namaste India 🙏 | Catching up with Fashion

​Exploring the challenges and growth projections of the Indian apparel industry, with companies like Aditya Birla Fashion and Retail Ltd and Arvind...

Pranav Bhavsar

Aditya Birla Fashion & Retail Ltd - Narrative Changing Towards Profitability; Maintain HOLD

Sluggish consumption demand in the discretionary space: Prolonged heat waves and a lesser wedding season in Q1 have resulted in sluggish...

Axis Direct

The Beat Ideas: What Makes Cantabil Retail an Interesting Bet on the Apparel Market?

​Cantabil Retail is a well-managed company with a clear growth strategy, poised for success in the Indian retail sector, making it a promising...

Sudarshan Bhandari

Aditya Birla Fashion& Retail Ltd. - Long Road to Recovery; Maintain HOLD

Muted Demand continues to weigh on Q4 Performance: ABFRL’s Q4FY24resultswere above our estimates on the operating front. Its consolidated revenue...

Axis Direct

BSE & NSE to hold special call auction on Oct 28, 2024 for Investment Holding Companies, 8-9 eligible, 3 with over 100% upside potential.

Exploring the challenges and growth projections of the Indian apparel industry, with companies like Aditya Birla Fashion and Retail Ltd and Arvind...

Cantabil Retail is a well-managed company with a clear growth strategy, poised for success in the Indian retail sector, making it a promising...