| Name of Company | Provogue (India) Ltd |
| BSE Code | 532647 |
| NSE Code | PROVOGUE |
| ICICI Code | |
| Established | 1997 |
| My Take | Dislike |
| Headquarters | Mumbai |
| Promoters | Nikhil Anupendra Chaturvedi, Salil Anupendra Chaturvedi, Rakesh Rawat, Deep Subash Gupta, Nigam Patel, Akhil Anupendra Chaturvedi, Anisha Chaturvedi, Veena Gupta, Vandana Vaidh, Anish Chhabra |
| Story | Provogue is a textile/clothing brand which sells across multiple Provogue stores. It’s subsidiary Prozone is a chain of malls which are being built. Dislike because of pledged shares – otherwise seems to be a good company, but I don’t buy companies with pledged shares unless I am very sure of the company’s financial position. |
| Sector | Retail |
| Sub-sector | |
| Website | www.provogue.net |
| Positives | Reserves have increased from 235 Cr to 709 Cr from FY07 to FY11. Regular dividend paying company – can expect 0.8% to 1% dividend yield. |
| Negatives | Debt has increased from 55 to 246 Cr from FY07 to FY11. Promoters hold 45% out of which 33% is pledged. So, essentially promoters hold 12%. |
| Peers | |
| News | |
| Price @ blogged | 25 (22-Jan-12) |
| Cost of company | 286 Cr market cap for a 33.41 Cr NP in FY ending Mar ' 11 makes it 8.56 times. This is for a company with 246.24 Cr debt and 709.81 Cr reserves |
| Group | |
| Growth | Good growth company. |
Jan 26, 2012
Provogue (India) Ltd - 532647
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markets are at all time highs, but provogue has moved from Rs. 25 in jan 2012 to Rs. 12.71 in Jul 2014. Mcap has shrunk from 286 Cr to 145 Cr. trailing 12 month sales are at 590.22 Cr with a trailing NP of 0.93 Cr (which is atleast a 10 year low). It has to pay 37 Cr of interest in the year, to service a debt of about 275 Cr. Another growth in sales without increase in capital expenditure is needed to make the company shares more valuable. It is not a loss making company, but not growing enough as well.
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