Daily Notifications as on 24th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200624-40

1. Scrip code : 540726
Name : Trident Texofab Limited
Subject : Board Meeting Intimation for Approval Of Audited Financial Results For Quarter And Financial Year Ended March 31, 2020 And Other Matters
Trident Texofab Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2020 ,inter alia, to consider and approve including, 1. The audited Financial Results of the Company for the quarter and year ended on March 31, 2020. 2. Appointment of a director. 3. Increase in Authorized Share Capital of the Company. 4. Issue of Bonus Shares. 5. Migration of the Company from SME segment of BSE Limited to Main Board of BSE Limited. 6. Any other business with the permission of the Chair.

2. Scrip code : 535755
Name : Aditya Birla Fashion and Retail Limited
Subject : Board Meeting Intimation for Prior Intimation Of The Meeting Of The Board Of Directors Of Aditya Birla Fashion And Retail Limited
Aditya Birla Fashion And Retail Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2020 ,inter alia, to consider and approve This is further to our intimation on the outcome of the meeting of the Board of Directors dated May 27, 2020 which approved fund raising of INR 1,000 crore by way of a Rights Issue of equity shares. In connection to the above and pursuant to the above referred, please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, June 25, 2020, to consider, discuss and decide, inter alia various matters in connection with the Rights Issue, including the terms and conditions such as the instrument, issue price and related payment mechanism, rights entitlement ratio, record date, timing of the Rights Issue and other related matters. Based on the outcome of the meeting, the Company will make such other disclosures, if any, as may be required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Scrip code : 542484
Name : Arvind Fashions Limited
Subject : Board Meeting Intimation for Intimation Of Meeting Of The Board Of Directors Of Arvind Fashions Limited
Arvind Fashions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2020 ,inter alia, to consider and approve We refer to our letter dated March 26, 2020 whereby we have intimated the deferment of the Rights Issue of Equity Shares of the Company. In furtherance of the same, we wish to inform that, in accordance with Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular bearing no. SEBI/HO/CFD/CMD1/CIR/P/2020/63 dated April 17, 2020, a meeting of the Board of Directors of the Company is scheduled to be held on June 21, 2020, to consider and approve the revised schedule for opening of the Rights Issue (as deferred vide Committee Resolution dated March 26, 2020 in view of imposition of lock down) as well as to consider and approve the revision in the issue size, issue price, rights entitlement ratio and other matters incidental thereto.

Monte Carlo Fashions Ltd

Monte Carlo Fashions Ltd

Other Apparels & Accessories

FV – Rs 10; 52wks H/L – 317/128; TTQ – 14 K; CMP – Rs 170 (As On June 24, 2020);                     

            Market Cap – Rs 351 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 
Equity Capital
Net worth		 Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake
FY19 20.73 484 45 656 60 233 28.7 5.9 31.1 0.7 67.91
Q3 FY20 20.73 556 178 627 73 265 34.8 4.9 31.1 0.6 68.2

 

Debt to Equity – 1

ROE – 12%

Market Cap/Sales – 0.5

Monte Carlo Fashions Limited announces a new range of products in the Medical Textile Range i.e. Face Masks (3 PLY Masks , KN9S Mask and N95 Mask) and Personal Protective Equipment (PPE Kit), keeping in view the requirements of medical workers and demand of consumers due to Novel Corona virus (COVID19).  https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b9f09bc-512d-4467-b26c-a4032ae7ff94.pdf

Company had done buy back of Rs. 55 Crs (Rs.550 per share)in FY19 to reward shareholders through tender offer. Promoters have not participated in the buy back.

Overview:

  • Monte Carlo Fashions Ltd, established in 1984, is recognized as ‘Superbrand’ for woollen knitted apparels by Consumer Superbrands India since 2004. Under the umbrella brand of ‘Monte Carlo’, Company has a comprehensive product portfolio across woolen, cotton & cotton blended, home furnishing and kids segments.
  • The Company has various sub-brands under the Umbrella Brand ‘Monte Carlo.
  • The company has 3 manufacturing facilities in Ludhiana, Punjab – 1 for woolen apparels & 2 for cotton apparels.
  • The manufacturing facilities include facilities for product development, design studio and sampling infrastructure.
  • The company has recently started in-house manufacturing of cotton t-shirts and thermals.
  • The home furnishing products are outsourced from a network of job work entities.
  • The company has wide-spread retail presence across India through a judicious mix of EBOs, MBOs and national chain stores located in 22 states & 1 union territory

 

Source – Company Presentation

Management:

  • Jawaharlal Oswal – Chairman &MD
  • Raj Kapoor Sharma – CFO

Shareholding Pattern:

 

 

 

 

Major Holdings:

Non – Promoters % held
Kanchi Investments (Samara Capital) 9.40%
Goldman Sachs India 3.13%

 

Share Price Trend:

Price Snapshot:

 

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2014 585 632.45 501.75 539.55
2015 537.45 602 381 545.6
2016 537.25 550.75 337 417.6
2017 420 640.1 370 615.6
2018 604 664 328.1 383.3
2019 382 395 216.05 299.05
2020 298.25 308.75 128 168.45

 

Consolidated Financials: (Rs. Crs unless specified)

Particulars
2019		 2018 2017 2016 2015
FV (Rs) 10 10 10 10 10
Equity 21 22 22 22 22
Net Worth 484 511 470 446 413
Total Debt 45 53 50 50 0
Sales 656 576 600 635 602
Net Profit 60 68 42 59 60
EPS (Rs) 28.7 31.3 19.5 27.1 27.5
BV (Rs) 233 235 216 205 190

 The major reasons for decrease in Net profit of the company is due to increase in advertisement costs and unspent amount of CSR for the previous years 2016-17, 2017-18 and current year 2018-19 has been paid during the year.