The shares of one of the leading providers of fashionable clothing gained up to 15 percent after the company collaborated with Nykaa Fashion for an exclusive space in lifestyle retail.
With a market capitalization of Rs 39.20 crore, The shares of the recently listed company Mish Designs Ltd closed at Rs 133.00 per share, increased around 9.42 percent as compared to the previous closed price of Rs 121.55 apices.
According to the company filing, Mish Designs Ltd collaborated with Nykaa Fashion for an exclusive space in lifestyle retail. This relationship is a key milestone for Mish, as it allows the brand to present its distinct combination of style and elegance in a new manner via Nykaa Fashion’s newly created retail network.
Looking into Mish Designs Ltd’s performance, revenue increased by 51 percent from Rs 7.29 Crore in FY2021-22 to Rs 11.05 Crore in FY2022-23. During the same duration, the net profit increased by 1,120 percent from Rs 0.05 crore to Rs 0.61 crore.
Mish Designs Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 28.5 percent and a return on capital employed (ROCE) of 44.4 percent.
Mish Designs Ltd’s recent shareholding pattern, The Promoters of the company own 68.39 percent while Retail shareholders own a 31.40 percent stake in the company and foreign institutional investors own 0.21 percent.
The company’s debt-equity ratio decreased from 4.04 percent in FY2021-22 to 1.38 percent in FY2022-23, during the same time frame Net profit margin increased from 0.73 percent to 5.47 percent.
Mish Designs Ltd sells a variety of women’s fashion items, including dresses, gowns, tops, co-ords, t-shirts, trousers, and palazzos.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
