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Myntra Essentials
As of September 08, 2024, Myntra Designs Ltd., Unlisted share price is ₹4215.00 per share and the face value is ₹1.00/share. The lot size of Myntra Designs Ltd. is None shares. The 52-week high for Myntra Designs Ltd. stock price is ₹4215, while the 52-week low is ₹4215
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
It is the final profit left over after subtracting all operating and non operating items from net revenue.
It is the profit allocated to each outstanding share of common stock.
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
It measures companys total value, which includes market capitalization, debt and excludes cash.
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
A sector is an area in which businesses share the same or a related product or service. It can also be known as an industry or market that shares common operating characteristics
Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
Category is defined as a class or division of things regarded as having particular shared characteristics.
It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
Myntra Growth
Compounded Sales Growth
Return On Equity
Highlights
- Largest fashion e-commerce player in India: Myntra holds a significant market share in the Indian fashion e-commerce market, with estimates ranging from 35% to 45% as of 2023.The company boasts a significant user presence, with more than 50 million active users, underscoring its extensive reach and popularity.
- Vast Product Portfolio: Myntra provides an extensive range of over 1.5 million products spanning various categories such as clothing, shoes, accessories, beauty, home & living, and sports. With a diverse portfolio of 500+ partnered brands, including well-known names like Wrogn, All About You, and Anouk, Myntra caters to distinct style preferences and budget considerations. Additionally, the platform features over 20,000 domestic brands, showcasing a dynamic blend of established players like Sabyasachi and Fabindia, as well as emerging talents from the Indian design scene.
- Revenue growth: Over the last 5 years, revenue has grown at a yearly rate of 60.78%, vs industry avg of 40.12%
- Investment thesis: Myntra is experiencing growing financial difficulties, with widening losses, negative return ratios, and overall poor performance. The heavy reliance on discounts and promotions has eroded profit margins, causing logistical challenges and impacting customer satisfaction. This raises concerns about the company's sustainability and future outlook.
- When evaluating the industry benchmark and looking at companies such as Flipkart, Meesho, and Nykaa, the average EV/revenue ratio for e-commerce businesses typically falls between 3-4x.However, Myntra's current valuation exceeds this range, standing at over 6x, indicating that the company may be slightly overvalued in terms of pricing. The projected price range, determined through the EV/Revenue multiple in the upcoming years, is anticipated to fall within the range of Rs 2200-2600.
- Prominent Investor: Myntra functions as an autonomous brand and website, yet it is owned by Flipkart through FK Myntra Holdings Limited, a Singapore-based holding company. Walmart, as the parent company of the Flipkart Group, serves as the ultimate holding entity in this corporate structure.
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