MUFTI
Credo Brands Marketing Limited
Men's casual wear brand Mufti with EBOs, LFSs and e-commerce presence
Consumer Discretionary›Consumer Services›Retailing›Speciality Retail
credobrands.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Mufti (Credo Brands Marketing) sells menswear under its Mufti brand through exclusive brand outlets (EBOs), large format stores (LFS), multi-brand outlets (MBOs) and its own website.
Company snapshot
15thBy market cap
Ranked among 18 companies in Speciality Retail.
What we see
- ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 166 Cr | 150 Cr | 133 Cr | 124 Cr | 186 Cr | 156 Cr | 153 Cr | 120 Cr | 164 Cr | 146 Cr | 162 Cr | 125 Cr |
| Operating expenses (approx.) | 109 Cr | 108 Cr | 102 Cr | 91 Cr | 128 Cr | 108 Cr | 112 Cr | 89 Cr | 116 Cr | 113 Cr | 121 Cr | 99 Cr |
| EBITDA | 57 Cr | 43 Cr | 31 Cr | 33 Cr | 58 Cr | 48 Cr | 41 Cr | 31 Cr | 48 Cr | 34 Cr | 42 Cr | 27 Cr |
| OPM % | 34.3% | 28.3% | 23.2% | 26.9% | 31.1% | 30.7% | 26.8% | 25.9% | 29.4% | 22.9% | 25.6% | 21.2% |
| Other income | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 0.52 Cr | 1 Cr | 3 Cr | 2 Cr | 2 Cr | 3 Cr | 4 Cr | 2 Cr |
| Interest | 6 Cr | 7 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 6 Cr | 6 Cr |
| Depreciation | 15 Cr | 16 Cr | 16 Cr | 15 Cr | 17 Cr | 18 Cr | 19 Cr | 18 Cr | 18 Cr | 19 Cr | 19 Cr | 19 Cr |
| Profit before tax | 37 Cr | 21 Cr | 10 Cr | 13 Cr | 35 Cr | 24 Cr | 19 Cr | 8 Cr | 25 Cr | 10 Cr | 21 Cr | 3 Cr |
| Tax % | 24.3% | 24.8% | 28.6% | 25.1% | 25.2% | 25.1% | 27.0% | 23.5% | 25.3% | 27.6% | 26.1% | 27.3% |
| Net profit | 28 Cr | 16 Cr | 7 Cr | 10 Cr | 26 Cr | 18 Cr | 14 Cr | 6 Cr | 19 Cr | 7 Cr | 15 Cr | 2 Cr |
| EPS (₹) | ₹4.35 | ₹2.42 | ₹1.09 | ₹1.52 | ₹4.10 | ₹2.81 | ₹2.13 | ₹0.97 | ₹2.89 | ₹1.07 | ₹2.33 | ₹0.35 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 498 Cr | 567 Cr | 618 Cr | 592 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 336 Cr | 407 Cr | 438 Cr | 438 Cr | Sign in free for the trailing twelve months |
| EBITDA | 162 Cr | 161 Cr | 180 Cr | 154 Cr | Sign in free for the trailing twelve months |
| OPM % | 32.5% | 28.3% | 29.1% | 26.0% | Sign in free for the trailing twelve months |
| Other income | 13 Cr | 5 Cr | 6 Cr | 11 Cr | Sign in free for the trailing twelve months |
| Interest | 18 Cr | 24 Cr | 25 Cr | 25 Cr | Sign in free for the trailing twelve months |
| Depreciation | 53 Cr | 62 Cr | 69 Cr | 74 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 104 Cr | 79 Cr | 92 Cr | 64 Cr | Sign in free for the trailing twelve months |
| Tax % | 25.3% | 25.0% | 25.5% | 25.7% | Sign in free for the trailing twelve months |
| Net profit | 77 Cr | 59 Cr | 68 Cr | 47 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹12.05 | ₹9.20 | ₹10.54 | ₹7.26 | Sign in free for the trailing twelve months |
| Dividend payout % | — | 0.0% | 4.7% | 41.3% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 3 Cr | 13 Cr | 13 Cr | 13 Cr |
| Reserves | 278 Cr | 329 Cr | 397 Cr | 426 Cr |
| Borrowings | 10 Cr | 38 Cr | 1 Cr | — |
| Other liabilities | 283 Cr | 331 Cr | 358 Cr | 363 Cr |
| Total liabilities | 574 Cr | 710 Cr | 769 Cr | 802 Cr |
| Fixed assets (net) | 62 Cr | 77 Cr | 75 Cr | 69 Cr |
| CWIP | 0.21 Cr | 0.83 Cr | 0.70 Cr | 0.76 Cr |
| Investments | — | 2 Cr | 2 Cr | 2 Cr |
| Inventories | 113 Cr | 125 Cr | 102 Cr | 110 Cr |
| Trade receivables | 137 Cr | 212 Cr | 239 Cr | 236 Cr |
| Cash & bank | 8 Cr | 2 Cr | 45 Cr | 52 Cr |
| Other assets | 254 Cr | 291 Cr | 306 Cr | 331 Cr |
| Total assets | 574 Cr | 710 Cr | 769 Cr | 802 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | 75 Cr | 56 Cr | 159 Cr | 132 Cr |
| Cash from investing | -21 Cr | -35 Cr | -20 Cr | -35 Cr |
| Cash from financing | -82 Cr | -28 Cr | -96 Cr | -90 Cr |
| Net cash flow | -28 Cr | -6 Cr | 44 Cr | 7 Cr |
| Free cash flow (OCF − Capex) | 40 Cr | 20 Cr | 138 Cr | 113 Cr |
Ratios
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| ROCE % | 10.0% | 25.2% | 41.7% | 27.1% | 28.5% |
| ROE % | 1.8% | 15.2% | 27.6% | 17.3% | 16.7% |
| Debtor days | 182 | 132 | 100 | 137 | 141 |
| Inventory days | 1413 | 1518 | 1482 | 2722 | 2439 |
| Days payable | 837 | 846 | 555 | 644 | 613 |
| Cash conversion cycle | 759 | 803 | 1028 | 2214 | 1967 |
| OCF / EBITDA % | 197.3% | 82.4% | 44.2% | 35.0% | 92.3% |
| OCF / EBITDA % (3 years) | — | — | 80.2% | 49.4% | 58.4% |
| Debt / equity | 0.08 | 0.06 | 0.04 | 0.11 | 0.0035 |
| Current ratio | 2.87 | 3.00 | 3.00 | 2.66 | 3.61 |
| Net debt / EBITDA | -0.21 | -0.39 | 0.01 | 0.22 | -0.24 |