ABG Shipyard, Adhunik Metalliks, Bartronics, Cairn India, Dishman Pharma, Garware Offshore, Koutons Retail, Nitin Fire Protection, Shree Cement, SBI, Tanla Solutions
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Showing posts with label Kouton Retail. Show all posts
Showing posts with label Kouton Retail. Show all posts
Wednesday, August 18, 2010
Friday, June 04, 2010
Friday, March 12, 2010
Sunday, November 08, 2009
Wednesday, August 26, 2009
Koutons Retail
Investors with a long-term perspective can buy the stock of Koutons Retail. At a price of Rs 386, the stock trades at 14.7 times its trailing four quarter earnings.
On an Enterprise Value basis, the stock trades at 1.6 times trailing sales and 1.1 times estimated FY10 sales. Though a shade more expensive, Koutons may deliver growth that is superior to its peers due to its focus on value retail, its presence outside the metros and good profit margins.
Going by numbers posted by listed retailers, consumers are loosening their purse strings in the value retail segment. Koutons offers branded, quality apparel and accessories at affordable costs, and takes to deep discounting from time to time to draw in customers. Koutons’ sales have expanded 32 per cent in FY09, placing it among the top performers in the retail space.
The bulk of retail spending in recent times has originated outside the metros and Tier I cities. Koutons has a retail footprint spanning 1,400 stores, much of it in the smaller cities. Moving into such cities ahead of competition has given it an edge by aiding brand recall.
Koutons plans to further penetrate the smaller cities this year. The company embraced the franchisee mode for expansion early on, quickly establishing a wide store network while controlling costs and capital requirements. Existing smaller stores are being expanded to family-size stores making each store address a wide customer base.
The company has a broad product portfolio, covering apparel for men, women and children, under multiple brands such as ‘Koutons’, ‘Charlie Outlaw’ and ‘Les Femme’ besides accessories, footwear under brand name ‘K2One’ and leather accessories. It plans to introduce new brands, as well as expand into innerwear, further increasing product lines. Operating margins have been maintained at a hefty 21 per cent for FY09, with the June 2009 quarter margins at 24 per cent, due to controlled raw material cost and backward integration.
It also managed to lower store rentals by 15-20 per cent for about 125 of its stores, and is negotiating on rentals for others. It shut 140 unviable stores in an effort to maintain profitability.
However, Koutons still suffers from high debt of 1.2 times equity, and interest and depreciation costs combined have cut net profit margins to 8 per cent in FY09; even so, it has performed better than most peers. The company is targeting a store count of 2,000 for this year, with a capex of Rs 60 crore.
via BL
Monday, August 10, 2009
Tuesday, May 27, 2008
Monday, March 31, 2008
Wednesday, December 05, 2007
Wednesday, October 10, 2007
Kouton Retail Listing
On 12 October 2007
Koutons Retail India will list on exchanges on Friday, 12 October 2007. It will be placed in the B1 group on BSE.
The company had fixed its initial public offer issue price at Rs 415 per share, the upper end of the Rs 370-415 price band.
At the IPO price of Rs 415, the PE multiple works out to 36.72, based on the year ended March 2007 EPS of Rs 11.3.
Koutons Retail India ended on 21 September 2007 with 45.52 times subscription. It received total bids for 16.04 crore shares as against the IPO size of 35.24 lakh shares.
The qualified institutional buyers (QIBs) category was subscribed over 66 times. The non-institutional investors category was subscribed 19 times. The retail investors category was subscribed 15 times. The employees category was subscribed 1.11 times.
Koutons Retail proposes to utilise the proceeds to set up exclusive brand outlets, establish a integrated manufacturing facility, purchase plant and machinery to increase the finishing and manufacturing capacity and improve its information and technology network.
It proposes to open 140 exclusive brand outlets for its brands ‘Koutons’ and ‘Charlie Outlaw’ in the next two years. It has been allotted approximately 13,000 square feet of land on a freehold basis by Haryana Urban Development Authority at Gurgaon.
Koutons Retail reported a net profit of Rs 34.49 lakh on sales of Rs 402.40 crore in the year ended March 2007.
Sunday, October 07, 2007
Grey Market - Reliance Power, Consolidated Construction, Kouton, Supreme Infra
Reliance Power 60 to 80 34 to 35
Dhanush Tech. 295 90 to 95 (Good comeback, IPO is now about 18 times oversubscribed, Can't guarantee the listing price though)
Koutons Retail 415 75 to 80
Consolidated Construction 510 200 to 205
Supreme Infra 108 55 to 58
Saamya Biotech 10 5 to 6
MAYTAS Infra 320 to 370 135 to 140
Circuit Systems (India) Ltd 35 5 to 6
Saturday, October 06, 2007
Grey Market - Reliance Power IPO, Saamya, Kouton, Consolidated Constructions
Reliance Power GREY MARKET PREMIUM OF 32 to 34
Dhanus Tech. 280 to 295 60 to 70
Koutons Retail 370 to 415 75 to 80
Consolidated Construction 510 170 to 180
Supreme Infra 95 to 108 55 to 58
Saamya Biotech 10 5 to 6
MAYTAS Infra 320 to 370 130 to 135
Circuit Systems (India) Ltd. 35 5 to 6
Friday, October 05, 2007
Thursday, September 27, 2007
Grey Market - Maytas, Kouton, Consolidated
Power Grid Corporation 44 to 52 22 to 23
Dhanus Tech. 280 to 295 70 to 75
Koutons Retail 370 to 415 75 to 80
Consolidated Construction 460 to 510 180 to 185
Supreme Infra 95 to 108 65 to 70
Saamya Biotech 10 6 to 7
MAYTAS Infra 320 to 370 150 to 155
Circuit Systems (India) Ltd. 35 3 to 4
Kaveri Seeds 150 to 170 12 to 14
Wednesday, September 26, 2007
Saturday, September 22, 2007
Grey Market - Saamya, Consolidated, Koutons
Power Grid Corporation 44 to 52 21.50 to 22
Dhanus Tech 280 to 295 95 to 98
Koutons Retail 370 to 415 75 to 80
Consolidated Construction 460 to 510 205 to 208
Supreme Infrastructure 95 to 108 65 to 67
Saamya Biotech 10 3.50 to 4
Circuit Systems 35 3.5 to 4
Kaveri Seeds 150 to 170 15 to 17
Friday, September 21, 2007
Koutons Retail India Limited
Qualified Institutional Buyers (QIBs) - 66.3762 times
Non Institutional Investors - 18.8385 times
Retail Individual Investors (RIIs) - 14.8192 times
OVERALL -45.52 times
Grey Market - Kouton, Consolidated, Circuit, Supreme
Power Grid Corporation 44 to 52 20 to 21
Dhanus Tech 280 to 295 95 to 100
Koutons Retail 370 to 415 70 to 75
Consolidated Construction 460 to 510 205 to 210
Supreme Infra 95 to 108 60 to 65
Saamya Biotech 10 3 to 4
Circuit Systems (India) Ltd. 35 3.5 to 4
Kaveri Seeds 150 to 170 5 to 7
Tuesday, September 18, 2007
Subscribe to:
Posts (Atom)