Hi All,
I got this company through screener of 100% Revenue growth in less than Rs 110 cr company .
Pace e commerce company is pune based company dealing in Kids stuff. Recently I Visited the site of PACE E Commerce company-“cotandcandy.com” . Where they sold products like Beds,storage , carpet , table chair, footwear, clothes & toys for boy & girls.
From Current business of Kids- company had made revenue of Rs 28 Cr in FY23 v/s RS 11 Cr in FY22. EBITDA of Rs 1.31 Cr in FY23 v/s Rs 0.92 Cr in FY22. company is profitable in both the years. Company is under SME segment and reports financials half yearly.
This company is operating in children online products required in daily basis. In FY23 Revenue growth was more than 100%- Rs 28 Cr sale , interesting part is that it is Profit making online company growing at this rate.
Balance sheet
Networth Rs 29 cr
Borrowing Rs 4 Cr
Market Cap Rs 49 Cr
EBITDA Rs 1.31 Cr
Total Enterprise value= 53 Cr
EV/EBITDA= 41
PE= 37
this was financial for old business. Company is doing only online sale of kids product.
In year 2022 company has appointed a new fashion designer and launched a brand : “OSTILOS” this year in June 2023 for WOMEN. They will do online sale of products under brand name “OSTILOS”. In coming year Company will add new products for MEN also as per website column.
Currently this brand is showing Dress, Tops, Bottom Wear & T-shirts, which will further increased in other types of design also.
Total range of products are 33 for women under brand ” OSTILOS”.
Promoter is already doing online business for kids in which he is showing growth, so in new Fashion online business also huge chance of growth
Lets see how the new brand will do in coming years.
||Mar 2020|Mar 2021|Mar 2022|Mar 2023|
|Sales +|1.49|1.70|10.46|28.37|
|Expenses +|1.42|1.38|9.54|27.06|
|EBITDA|0.07|0.32|0.92|1.31|
|OPM %|4.70%|18.82%|8.80%|4.62%|
|Other Income +|0.01|0.02|0.05|0.03|
|Interest|0.06|0.23|0.22|0.56|
|Depreciation|0.01|0.01|0.02|0.02|
|Profit before tax|0.01|0.10|0.73|0.76|
|Tax %|0.00%|30.00%|27.40%|18.42%|
|Net Profit +|0.00|0.07|0.54|0.62|
Please do your own research before investing.
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