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New Light Apparels
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New Light Apparels Ltd, promoted by Gurcharan Lal Makkad and Amrik Lal Makkad was incorporated in 1995. The company took over the running business of 'New Light Hosiery Manufacturing Works,' the partnership concern of the Promoters. It is being headed by Gurcharan Lal Makkad as Chairman cum Managing Director. The company came out with a public issue of 17,50,000 equity shares of Rs 10 each for cash at par aggregating to Rs 1.75 cr in Jan.'96, to meet its expansion plan.
The Company is presently engaged into manufacture of socks with 59 machines in operation. The Company is pioneer in manufacturing, exporting and supplying a trendy range of Men's Wear, Ladies Wear, Girls Wear, Boys Wear, Unisex Wear & Kids Wear. Designed in line with on-going fashion trends, these apparels are used for contemporary designs, vibrant colors, soft texture, comfort fit, skin friendliness and shrinkage resistance.
Their modernized facilities, latest machineries and capable human resources make the Company to achieve the target production with ease. The Company make exclusive gloves used in industries like Automobile Industry, Construction Industry, Shipping Industry, Engineering Industry, Electronics Industry and Packaging Industry. Their shirts collection is extensive and rich in design and colors. It make shirts that are trendy, stylish and comfortable to wear. It offer shirts in almost all kinds of fabric suitable for office and casual occasions. It has 100% cotton, Poly-viscose, Rayon, twill, gabardine, polyester and linen based trousers and chinos to enhance style and look at office and outdoors.
New Light Apparels share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of New Light Apparels indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how New Light Apparels is valued compared to its competitors.
New Light Apparels PE ratio helps investors understand what is the market value of each stock compared to New Light Apparels 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of New Light Apparels evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively New Light Apparels generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of New Light Apparels in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of New Light Apparels shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of New Light Apparels compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of New Light Apparels over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of New Light Apparels helps investors get an insight into when they can enter or exit the stock. Key components of New Light Apparels Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where New Light Apparels shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect New Light Apparels ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of New Light Apparels provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of New Light Apparels highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of New Light Apparels .
The balance sheet presents a snapshot of New Light Apparels ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.