Credo Brands Marketing Limited IPO Message Board (Page 1)

Result update

#credo brands #Mufti @MuftiJeans

#Q3Results declared

QoQ PAt grew by ⏫226% at
28 cr PAT vs 8.56 cr in June Quarter.

Revenue ⏫40% growth QoQ at 166.8 cr vs 119.4 cr in last quarter

Company on path of growing at fast pace as declared in guidence by promotor
HoH revenue growth by 21%
And YoY revenue growth is 17%

Total 31 new store added in FY24
ROCE 38.4% & ROE 26.2%

#Mufti has 2nd market leading position in India.
Cities presence = 213
Number of stores = 379

And 3rd place in India market Share of Men’s Casual Led Western Wear Players in
the Mid Price+ Branded Market – FY2022 (image attached)

📌Asset light business model
📌 Net debt free
All in All best result🎉
And next result would be blockbuster and more fruitful than this as Navratri , Diwali & Christmas;all 3 festivals sales will come as revenue in upcoming December ending Q3 result.
Current TTM PE is just 23.75 while PEER Cantabill at 34.2 and KKCL at 33.5.

I'm holding for atleast 350 target and may go to 400 because I see good Potential in the company and leading position in India market of Apperal/clothing still I may go wrong so take you own decision accordingly🙏. Thanks for reading.

The management I think needs to setup a conc call. Try to get mutual funds others to invest by having meetings with them. Until now they haven't done any

yes right

QIB 10k crore done till 3 pm

??

Can anybody say what is happening in this stock..everyday it is falling and now below IPO Price.Any senior member can guide what is issue in this,even results date declared.
Is it better to stay invested in this or sell it

If it's any indication, I didn't even choose to apply in this IPO from any of my accounts.

"I am an optimist by nature and I reserve the right to be wrong" - RJ

Keep minting!

Credo brand target price information guide sir 🙏 hold ya selll

I think they might declare Dec quarter and 9 months results directly and not declare Sep quarter/6 months results separately. In that case, the results will not come till around the end of January 2024.

Again panic Selling seeing nifty fall.
I talked with mngment, their response was good.
I suggested them to upscale business in "online/ecommerce" and they told me "we will take this suggestion in upcoming meeting".

Their presence on instaa is strong with 1.38 lacs followers and in page shop so it would be generating good sales.
Once good revenue will kick in it will go up , may be they send some new notifications on exchange also.

Short term price is unpredictable , after result it will give clarity to investors lobby.
Result date would be announced soon as per exchange notifications, closure of trading window announced already.

Yeah good points you noted there. Need to watch this bugger closely

i am getting very bugged by this company. I keep thinking if they do a margin of 25% their PE for this year will elevate to 30 even with a 600 crore revenue . Looks like the low PE is on a higher base and margin. Another day before we know the direction.
https://docs.google.com/spreadsheets/d/1ridQMRhO5e0At-TYoq74ioFVmvHVeReYD_6INoA9LtE/edit#gid=155183096

Good evening and wishing all members a happy and prosperous New year.
​  Can anybody plz share their opinion on this stock.
Can be hold for long-term ..becoz everyday it's price is going down.

Why is this a pure OFS of 550 Crore. Anybody has a good reason ? they are paying intrest cost of 17 crore per year which is about 24% of the PAT. they could have easily closed it out by diverting some into the company. SHareholding also coming down post this listing to 53% . Are they not bullish about the company ?

Great analysis 👍
September result would be good and it will decide future of share probably

Looks like it has taken off with volumes... missed buying it . had orders at 271..

I bought 5.64 lac worth shares at 282 on pre open.

My view is atleast 400 it can achieve in short term , currently IPO slow down is cause it's not moving up.
September and December quarter results will be 100% blockbuster for sure because of Diwali festival season and upcoming wedding season and then script will run like what happened in Kaynes , Vishnu prkash , JSW infrastructure , India shelter etc.

Company paying dividend every year except covid year.

Times of India is one of the stake holders in company
Mufti brand is famous and credible in affordable range

I think after a result release big investors and fund house will pick this script for long term

This was first indian brand in men's wear otherwise there were all foreign brand like Levi's , diseal etc.
Promoter is business focused and will achieve good revenue in coming years.

Please take your own decision according to your risk capacity , I earned good in many recent listing so I can take risk here for 50% upside atleast..🙏

The results look great.

​@Seth. 
Me Also holding with loss..
Q2 result are already out..

What is your views?

Not a long term stock to add in portfolio

1 lots hold kiya. kitne time tak rakhna sahi hoga. mera irada 6 month ka he Priya guru jan bataye pls 🙏

wait till atleast march results
if they are bad, I will sell my alloted lot

company is available at decent valuation

Here is the success story of founder and owner Mr Kamal Khuslani.
https://www.google.com/amp/s/zeenews.india.com/hindi/zee-hindustan/utility-news/know-kamal-khushlani-business-who-borrowed-rs-10-thousand-giving-competition-to-mukesh-ambani-and-ratan-tata/1929129/amp

Mufti brand ambassador is Actor Kartik Aryan since 2018 , can Google it
You can visit Mufti insta page and check there

That page has good following and well online presence

Mufty 1 retail allotted.
I am only uses their cloths but profit is not even the price of 1 jeans.
Will hold till I wear their clothes...

Bilkul sir jis quality ka clothes banati he usi tarah profit bhi bana ke degi credo
Hold for long term

​@SMEARV 

where are you from
I have seen the brand is waning in delhi market atleast, 7-8 years back, Irfan pathan used to do its AD and had a good brand recall but now hardly anyone buys from Mufti

at that time, the quality was good

Due to low PE, i am thinking of taking a bet in this for short term

does Mufti has good brand recall in your region

Dis : applied in IPO and holding the alloted lot, thinking of adding more

I'm holding my Allotment of HNI lot because of,

1
Good Dividend paying company
(Paid 20 rs per share in fy 23 which comes to "6.5%" huge dividend yield as per 310 rs )

2
Strong market presence in 519 cities with 1807 touchpoints

3
Expected result would be better than June quarter as major revenue comes after September quarter because of festivals and wedding season sales.

4
Asset light business model, all products manufacturing are outsourced.

5

Cheap valuation compared to industry peers PE and price to sales also cheaper.

Free float excluding Anchor investors is apx 1.37 cr and today traded 3.12 cr so huge volume and major selling pressure absorbed imv.

Please do your own research and decide by yourself to hold or sell I may prove wrong totally..🙏

Hey ​@Seth.  yeah.. cool.. that 20 rupees dividend has two parts. 10 rupees out of that is special dividend.
lets say they pay out 32 crores again this year. so that has to be divided amoungst 6.4 crore shares( this is the current outstanding shares). so that comes to 5 rupees. without the special dividend it will be 2.5 rupees.

in case they do give 20 rupees then they have to dole out rupees 128 crore
20* 6.4 crore share = 128 crores ( which is much more than what they earn in the year)

Obviously it would be not that much dividend but how much dividend they will pay that we can't know now.
I only mentioned past data in future they can pay more or less.
If we assume same dividend then yield would be 1.66% on 300 rs price that's good.
Also with increase in share price yield would be less but gain would be more

Bulk deal for Mufti

Can u plz share ur take on this..I am having 1shni .. should it be hold on long term or sell.TIA

​@Monster Zero I'm not able to understand the bulk deals. They have bought and sold at same price.?
Can you explain please 🥺

Just got debit massage from axis bank

POs listed well above expectations:

-IREDA
-Gandhar Oil
-Tata Technologies
-Flair Writing
-DOMS Industries

After that, IPOs listed well below expectations:

-Inox India
-Suraj Estate
-Muthoot Microfin
-Motisons Jewellers
-Happy Forging
-Credo Brands

Whenever there will be too much optimism, IPOs will list low and when there will be too much pessimism, IPOs will list high.

This is a usual cyclic trend in IPOs .. nothing new in this.

Stay calm and enjoy IPOs !

No problem nothing to worry 350 is short term target

Sold one reatail allotment at 320

Buy 2000 share @278 in morning first target 350 second Target 395

bhai 322 pr 100 bought krte hi 312 pr aa gya