In Tuesday’s trading session, the shares of one of the leading Textile stocks specialised in the production and supply of a wide range of fabrics jumps upto 3 percent upon receiving new work order worth ~Rs. 5 crores from vendors associated with Arvind Lifestyle Brands Limited and Myntra Designs Private Limited.
Price action
With a market capitalization of 107.87 Crores on Tuesday, the shares of Mittal Life Style Limited is up by 3 percent making a high of Rs 2.62 compared to its previous closing price of Rs 2.43.
What Happened
Mittal Life Style Limited specializes in the design, production, and supply of a variety of fabrics, with a particular focus on denim.
Mittal Life Style Limited has received a new domestic work order worth approximately Rs. 5 crores from vendors associated with Arvind Lifestyle Brands Limited and Myntra Designs Private Limited for supplying 2 lakh meters of denim fabric, with the possibility of an increase in quantity at the discretion of the vendors.
This additional demand follows a positive response from end-users due to the unique qualities of our denim fabrics, such as over-dyed fabrics with distinct colors, horizontal slub effects after washing, and dobby designs, which offer a refreshing new vibe and unique structure to the garments.
About the company
Mittal Life Style Limited is one of the leading Textile stock specialising in the design, production, and supply of a variety of fabrics, with a particular focus on denim.The company’s product range includes high-quality fabrics that are widely used in the apparel industry, catering to both domestic and international markets.
They have built a reputation for its commitment to innovation and product differentiation, offering fabrics that feature distinctive characteristics, such as over-dyed effects, horizontal slub patterns, and dobby designs, which set their products apart from conventional textiles.
Key Insights
The company’s PEG ratio of 0.07 suggests that the stock might be undervalued. Additionally, the company’s current assets exceed its current liabilities, and it has achieved an average 3-year net profit growth of 112.31 percent.
Financials
The company’s revenue declined by 9.17 percent from Rs 21.48 crore to Rs 19.51 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 0.09 crores to Rs 0.44 crore during the same period.
Key Financial ratios
Mittal Life Style Limited has an Return on Equity (RoE) of 4.84 percent and a Return on Capital Employed (RoCE) of 5.99 percent. Furthermore, the company’s debt-to-equity ratio is 0.18.
Written by Sridhar J
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