SECTOR: Footwear 4987 6 0
₹ 0
₹ 0 Cr.
₹ 2.03 Cr.
0 Cr.
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0 %
₹ -106.26
₹ 0.13 Cr.
₹ 2.16 Cr.
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₹ 4.86
-14.28%
1.81 %
4.01%
31.49 %
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The footwear sector is a very significant segment of the leather industry in India; rather it is the engine of growth for the entire Indian leather industry. India is the second-largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs.
India produces 2065 million pairs of different categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs). India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand.
Revenue in the Footwear market amounts to US$8,493m in 2020. The market is expected to grow annually by 12.6% (CAGR 2020-2023).
Let's talk about the key financial ratios and stock performance of ACE Exports over the period of time. ACE Exports stock price today is Rs 0.
Operating profit margin: - Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for ACE Exports is 4.6407354837623 % which is weak which allows the investors to look into the overall return on capital.
Debtor days: - The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. ACE Exports has a debtor day of 32.7117569804239 which is significantly a good sign towards the cash conversion cycle.
Capital structure (or) Debt to Equity: - The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. ACE Exports has a D/E ratio of 0.5523 which is comfortably placed as compared to its peers.
Interest coverage ratio: - It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. ACE Exports has an ICR of 1.40541263849818 which is unattractive to investors when compared with the company's growth.
Share Price: - The current share price of ACE Exports is Rs 0. One can use valuation calculators of ticker to know if ACE Exports share price is undervalued or overvalued.