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    Credo Brands Marketing Limited

    Mumbai-born menswear brand (MUFTI) that designs casual apparel in-house and outsources manufacturing, retailing through its own exclusive stores, multi-brand outlets, large-format stores and online channels across India.

    Consumer Services
    Consumer Discretionary
    View MUFTI earnings calls

    Overview

    Price

    Market Cap

    ₹531 Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25
    LiabilitiesEquity Capital3331313
    Reserves189233278329397
    Borrowings144154192253237
    Other Liabilities8186101115122
    Total Liabilities417476574710769
    AssetsFixed Assets167179237281291
    CWIP01011
    Investments00000
    Other Assets249296338428478
    Total Assets417476574710769

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25
    ActivitiesCash from Operating96787256159
    Cash from Investing-6-28-19-35-20
    Cash from Financing-66-39-82-28-96
    SummaryCapital Expenditure
    Free Cash Flow90633821138
    FCF Margin

    Valuation

    Assumptions

    Current — MUFTI
    Price
    ₹85
    EPS (TTM)
    ₹10.51
    PE (TTM)
    8.1
    Profit growth
    13.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (17.8×) and current (8.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹85
    vs
    Fair value · 15% return
    ₹69
    19%Overvalued

    At 13.3% growth and a 8× exit, ₹85 only delivers your return if you pay ₹69. The price is currently baking in 18% growth.

    EPS grows 13.3%/yr for 5 years, then fades to 6% over 2, exits at 8×.

    YearGrowthEPS (₹)
    FY2713.3%11.91
    FY2813.3%13.49
    FY2913.3%15.29
    FY3013.3%17.32
    FY3113.3%19.62
    FY329.7% ·fade21.52
    FY336.0% ·fade22.81

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Credo Brands Marketing Limited

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