On 6 Nov 2026, Credo Brands Marketing was priced at ₹76.55, or 11.5× trailing earnings, against an industry P/E of 35.3×, and the shares are 30% below their 52-week high. Sales grew 5.9% a year over 3 years while net profit fell 15%, with ROCE of 13% and ROE of 11%. Debt is 0.52× equity, and its dividend yield is 2.5%. It is a small-cap company with a market cap of ₹501 Cr, ranked 10th of 14 Apparel Retail companies by market cap; the shares fell 28% over the past year.
- ₹79.80
- ₹81.85
- ₹76.00
- ₹80.42
- 1.2 L
Health check
- ReturnsIn line
−28.4% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 11.5 vs industry 35.3.
- GrowthSlow
Sales +5.9%, profit −15.1% a year over 3 years.
- ProfitabilityAverage
ROCE 13.1% vs peer median 16.5%.
- Balance sheetFair
Debt 0.52× equity, interest covered 3.7×.
- Red flags2 to check
Quarterly profit down 63.7% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹501 Cr
- Small cap
- P/E
- 11.5
- Industry 35.3
- Price to book
- 1.14
- Peers 7.01
- Dividend yield
- 2.55%
- ROE
- 11.2%
- Peers 16.5%
- ROCE
- 13.1%
- Peers 16.5%
- Debt to equity
- 0.52
- Debt ₹228 Cr
- EPS (TTM)
- ₹6.64
- Face value ₹2
- OPM (TTM)
- 25.1%
- Net margin 7.3%
- Sales growth
- +4.4%
- Latest quarter vs a year ago
- Profit growth
- −63.7%
- Latest quarter vs a year ago
- Price to sales
- 0.84
- EV/EBITDA 4.1
Strengths and risks
Strengths
- Dividend yield of 2.55%.
- P/E of 11.5 against an industry P/E of 35.3.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 63.7% on a year ago.
- 30% below its 52-week high.
About Credo Brands Marketing
Credo Brands Marketing Limited engages in the retail of men's casual wear under the MUFTI brand in India. The company offers athleisure merchandise, shirts, jeans, cargos, polos, t-shirts, sweatshirts, sweaters, outerwear, blazers, chinos, and trousers, as well as authentic, relaxed, and urban casuals. It also operates an online shop for its products. The company sells its products through multi-brand and exclusive brand outlets, large format stores, and…
- Headquarters
- Mumbai
- Employees
- 245
- Sector
- Consumer Cyclical
- ISIN
- INE220Q01020
- Website
- credobrands.in
Price range
- Avg volume (3M)
- 1 L
- 1-year return
- minus 28.4%
- From 52-week high
- minus 30.4%
Peers · Apparel Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| METROBRANDMetro Brands | 824.55 | minus 2.74% | 22,477 | 54.4 | 10.75 | – | 21.2% | 30.1% | – | – | 0.73% | minus 25.0% |
| ABLBLAditya Birla Lifestyle Brands | 76.99 | minus 0.65% | 9,351 | 46.9 | 6.48 | 13.2% | 15.0% | 39.5% | – | – | 0.65% | minus 43.5% |
| V2RETAILV2 Retail | 173.50 | plus 7.54% | 6,326 | 34.2 | 7.01 | 20.6% | 26.0% | 14.8% | 54.1% | – | 0.00% | minus 34.2% |
| ARVINDFASNArvind Fashions | 342.85 | minus 3.27% | 4,585 | 34.7 | 4.86 | 19.6% | 16.5% | 13.2% | 9.0% | 49.4% | 0.47% | minus 35.3% |
| PERNIASPOPPurple Style Labs | 491.05 | minus 5.39% | 3,931 | – | 8.35 | −65.6% | −901.4% | −21.4% | 14.7% | – | 0.00% | minus 13.6% |
| STYLEBAAZABaazar Style Retail | 390.75 | plus 4.84% | 3,092 | 62.1 | 6.47 | 13.5% | 11.0% | 4.1% | 32.7% | 109.4% | 0.00% | plus 11.9% |
| MUFTICredo Brands Marketing | 76.55 | minus 4.81% | 501 | 11.5 | 1.14 | – | 9.9% | 5.9% | 5.9% | −15.1% | 2.55% | minus 28.4% |
| Median of 7 peers | – | −0.65% | 6,326 | 50.6 | 7.01 | 16.5% | 16.5% | 14.8% | 32.7% | 57.0% | 0.13% | −34.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 120 | 164 | 146 | 162 | 125 | |
| 88.9 | 116 | 113 | 121 | 98.7 | |
| 31 | 48.1 | 33.5 | 41.5 | 26.6 | |
| 25.9% | 29.4% | 22.9% | 25.6% | 21.2% | |
| 1.6 | 1.9 | 3.1 | 4.2 | 2.1 | |
| 6.2 | 6.4 | 6.5 | 6.3 | 6.3 | |
| 18.2 | 18.4 | 19 | 18.8 | 19.2 | |
| – | – | −1.4 | – | – | |
| 8.2 | 25.3 | 9.7 | 20.6 | 3.1 | |
| 23.5% | 25.3% | 27.6% | 26.1% | 27.3% | |
| 6.3 | 18.9 | 7 | 15.2 | 2.3 | |
| 0.97 | 2.89 | 1.07 | 2.33 | 0.35 |
Profit & loss
- Sales CAGR 3Y
- +5.9%
- Profit CAGR 3Y
- −15.1%
- EPS CAGR 3Y
- −15.6%
- ROE
- 11.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 498 | 567 | 618 | 592 | |
| – | +13.9% | +9.0% | minus 4.2% | |
| 330 | 406 | 437 | 434 | |
| 168 | 161 | 181 | 158 | |
| 33.7% | 28.5% | 29.3% | 26.7% | |
| 5.7 | 1.4 | 2.3 | 4.2 | |
| 15.6 | 21.7 | 23.2 | 23.5 | |
| 53.4 | 62.2 | 68.6 | 74.4 | |
| −0.6 | −0.1 | −0.1 | −0.5 | |
| 104 | 78.9 | 91.8 | 63.8 | |
| 25.3% | 25.0% | 25.5% | 25.7% | |
| 77.5 | 59.2 | 68.4 | 47.4 | |
| – | minus 23.6% | +15.6% | minus 30.7% | |
| 12.05 | 9.20 | 10.52 | 7.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.2 | 12.9 | 13.1 | 13.1 | |
| 278 | 329 | 397 | 426 | |
| 192 | 253 | 237 | 228 | |
| 101 | 115 | 122 | 135 | |
| 574 | 710 | 769 | 802 | |
| 235 | 280 | 290 | 277 | |
| 0.3 | 1.3 | 1.1 | 3 | |
| 8.1 | 1.7 | 45.9 | 72.4 | |
| 331 | 427 | 432 | 449 | |
| 574 | 710 | 769 | 802 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 72.4 | 56.3 | 159 | 132 | |
| −19.1 | −34.6 | −19.7 | −35.4 | |
| −81.9 | −27.8 | −95.8 | −89.7 | |
| −28.5 | −6.1 | 43.6 | 7.2 | |
| −34.5 | −35.9 | −21.3 | −19.6 | |
| 38 | 20.3 | 138 | 113 | |
| −32.2 | – | −3.2 | −19.6 |
Shareholding pattern
- Promoters54.99%
- Public45.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.99% | 45.01% | 0.00 | |
| 30 Jun 2026 | 54.99% | 45.01% | minus 0.02 | |
| 31 Mar 2026 | 55.01% | 44.99% | 0.00 | |
| 31 Dec 2025 | 55.01% | 44.99% | 0.00 | |
| 30 Sep 2025 | 55.01% | 44.99% | – |
Major shareholders
Filings & events
News
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