---
title: "Provogue (India) Ltd (PROVOGE) — Share Price, Financials & Analysis"
symbol: "PROVOGE"
company: "Provogue (India) Ltd"
canonical: "https://tapetide.com/stocks/PROVOGE"
generated_at: "2026-10-13T12:44:21.422Z"
---

# Provogue (India) Ltd (PROVOGE)

Canonical page: https://tapetide.com/stocks/PROVOGE

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** provogue.com

## About

Provogue (India) engages in the manufacture, sale, and retail of fashion apparel products and accessories for men and women under the Provogue brand name in India.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -35.9% over past five years.
- Contingent liabilities of Rs.25.7 Cr.
- Company has high debtors of 276 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 60% | 19% | — |
| revenue growth | -29% | -44% | -36% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2018 | Sep 2018 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- |
| Sales | 27 | 18 | 10 | 11 |
| Expenses | 26 | 17 | 12 | 12 |
| Operating Profit | 0 | 1 | -2 | -1 |
| OPM % | 0.8 | 4.5 | -18 | -12 |
| Other Income | 0 | 0 | 0 | -2 |
| Interest | 11 | 11 | 10 | 11 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | -11 | -10 | -12 | -14 |
| Tax % | 26 | 31 | 0 | 5 |
| Net Profit | -13 | -14 | -12 | -15 |
| EPS in Rs | -0.55 | -0.55 | -0.52 | -0.62 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 473 | 682 | 781 | 779 | 827 | 732 | 507 | 265 | 127 | 90 |
| Expenses | 446 | 608 | 720 | 705 | 749 | 784 | 659 | 420 | 253 | 93 |
| Operating Profit | 26 | 75 | 61 | 74 | 78 | -52 | -152 | -155 | -126 | -3 |
| OPM % | 6 | 11 | 8 | 9 | 9 | -7 | -30 | -58 | -100 | -3.2 |
| Other Income | 42 | 11 | 14 | 13 | -22 | 44 | 17 | 4 | -79 | -33 |
| Interest | 20 | 37 | 35 | 41 | 52 | 60 | 59 | 38 | 36 | 44 |
| Depreciation | 15 | 28 | 14 | 12 | 9 | 10 | 7 | 6 | 4 | 1 |
| Profit before tax | 34 | 21 | 26 | 34 | -6 | -78 | -201 | -195 | -245 | -81 |
| Tax % | 36 | 15 | 22 | 42 | 14 | -1 | 0 | 1 | 1 | 17 |
| Net Profit | 21 | 18 | 20 | 19 | -7 | -77 | -201 | -197 | -247 | -95 |
| EPS in Rs | 1.83 | 2.29 | 1.89 | 1.77 | -0.46 | -6.54 | -17.36 | -8.35 | -10.42 | -3.96 |
| Dividend Payout % | 11 | 11 | 5 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 11 | 11 | 11 | 11 | 11 | 23 | 23 | 23 |
| Reserves | 809 | 999 | 543 | 562 | 559 | 483 | 293 | 177 | -61 | -157 |
| Borrowings | 396 | 366 | 377 | 355 | 501 | 466 | 352 | 252 | 197 | 165 |
| Other Liabilities | 306 | 414 | 98 | 106 | 95 | 85 | 55 | 49 | 110 | 149 |
| Total Liabilities | 1534 | 1801 | 1030 | 1035 | 1167 | 1045 | 711 | 501 | 270 | 180 |
| Fixed Assets | 436 | 688 | 102 | 92 | 82 | 69 | 52 | 65 | 59 | 58 |
| CWIP | 299 | 98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 115 | 164 | 55 | 68 | 47 | 45 | 56 | 50 | 50 | 13 |
| Other Assets | 684 | 851 | 872 | 874 | 1038 | 930 | 602 | 386 | 161 | 109 |
| Total Assets | 1534 | 1801 | 1030 | 1035 | 1167 | 1045 | 711 | 501 | 270 | 180 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -60 | -66 | -44 | 44 | -145 | 82 | 149 | 51 | -3 | -4 |
| Cash from Investing Activity | -71 | -80 | 7 | 9 | 43 | 20 | 18 | 19 | 3 | 8 |
| Cash from Financing Activity | 109 | 132 | 47 | -48 | 98 | -96 | -173 | -66 | -6 | -5 |
| Net Cash Flow | -22 | -15 | 10 | 4 | -4 | 6 | -5 | 4 | -6 | -1 |
| Free Cash Flow | -196 | -113 | -56 | 40 | -145 | 82 | 148 | 38 | -2 | -4 |
| CFO/OP | -177 | -68 | -47 | 66 | -180 | -162 | -98 | -36 | 3 | 115 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 117 | 116 | 147 | 143 | 150 | 140 | 87 | 116 | 199 | 276 |
| Inventory Days | 270 | 247 | 186 | 204 | 194 | 209 | 206 | 207 | 33 | 63 |
| Days Payable | 89 | 56 | 52 | 57 | 44 | 39 | 24 | 38 | 50 | 133 |
| Cash Conversion Cycle | 299 | 306 | 281 | 290 | 299 | 311 | 269 | 285 | 182 | 206 |
| Working Capital Days | 420 | 303 | 330 | 317 | 375 | 376 | 333 | 375 | 21 | -256 |
| ROCE % | 4 | 4 | 5 | 8 | 7 | -3 | -17 | -29 | -43 | -3 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 20.21% | 20.18% | 20.21% | 20.15% |
| FIIs | 2.45% | 2.45% | 2.45% | 2.33% |
| DIIs | 51.4% | 51.4% | 51.34% | 51.26% |
| Government | 0% | 0.02% | 0% | 0% |
| Public | 25.94% | 25.95% | 26% | 26.26% |
| No. of Shareholders | 31826 | 30429 | 29305 | 29493 |

### Quarterly

| Category | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 20.21% | 20.21% | 20.21% | 20.21% | 20.21% | 20.18% | 20.21% | 20.21% | 20.21% | 20.21% | 20.21% | 20.15% |
| FIIs | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% | 2.33% |
| DIIs | 51.4% | 51.4% | 51.4% | 51.4% | 51.4% | 51.4% | 51.4% | 51.41% | 51.37% | 51.34% | 51.34% | 51.26% |
| Government | 0% | 0% | 0% | 0% | 0.02% | 0.02% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.94% | 25.94% | 25.94% | 25.94% | 25.92% | 25.95% | 25.94% | 25.93% | 25.97% | 26% | 26% | 26.26% |
| No. of Shareholders | 32477 | 31826 | 31696 | 31171 | 30216 | 30429 | 30062 | 29861 | 29340 | 29305 | 29088 | 29493 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport//5326470319.pdf) |
| 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport//5326470318.pdf) |
| 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport//5326470317.pdf) |
| 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport//5326470316.pdf) |
| 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport//5326470315.pdf) |
| 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport//5326470314.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5326470313.pdf) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport//5326470312.pdf) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_PROVOGE_2011_2012_17092012071514.zip) |
| 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport//5326470311.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2021-01-25 | Credit rating update — CARE Ratings |
| 2020-08-11 | Credit rating update — CARE Ratings |
| 2020-08-11 | Credit rating update — CARE Ratings |
| 2019-05-20 | Credit rating update — CARE Ratings |
| 2017-12-05 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T12:44:21.422Z.