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CAMPUS - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 25 May 26, 12:02 am

Fundamental Rating: 3.8

Stock Code CAMPUS Market Cap 7,246 Cr. Current Price 237 ₹ High / Low 304 ₹
Stock P/E 51.4 Book Value 26.0 ₹ Dividend Yield 0.42 % ROCE 20.1 %
ROE 17.2 % Face Value 5.00 ₹ DMA 50 244 ₹ DMA 200 257 ₹
Chg in FII Hold -0.08 % Chg in DII Hold -0.11 % PAT Qtr 63.7 Cr. PAT Prev Qtr 20.1 Cr.
RSI 44.4 MACD -2.54 Volume 1,87,552 Avg Vol 1Wk 1,44,156
Low price 215 ₹ High price 304 ₹ PEG Ratio 14.4 Debt to equity 0.48
52w Index 24.5 % Qtr Profit Var 37.0 % EPS 4.62 ₹ Industry PE 39.4

📊 Financial Overview: Campus Activewear Ltd (CAMPUS) has a market cap of ₹7,246 Cr. Quarterly PAT rose to ₹63.7 Cr from ₹20.1 Cr, showing strong growth momentum. Debt-to-equity ratio is 0.48, indicating moderate leverage. ROCE at 20.1% and ROE at 17.2% highlight decent efficiency. Cash flows remain supported by strong demand in footwear and sportswear, though profitability is still stabilizing.

💹 Valuation Indicators: Current P/E of 51.4 is above the industry average of 39.4, suggesting overvaluation. P/B ratio is ~9.1 (237 ÷ 26.0), which is elevated. PEG ratio of 14.4 indicates expensive growth. Intrinsic value appears lower than current price, making the stock richly valued despite sector potential.

🏭 Business Model & Advantage: Campus operates in footwear and sportswear, with competitive advantages in brand recognition, affordable pricing, and wide distribution. Its focus on athleisure and youth-centric products supports growth. However, competition from Bata, Adidas, Puma, and Nike limits pricing flexibility.

📈 Entry Zone: A favorable entry zone would be around ₹220–230, closer to its recent low of ₹215. Current price of ₹237 is slightly above fair value, so accumulation is better on dips.

Long-Term Holding Guidance: Campus is structurally strong with brand appeal and growing demand in sportswear. Long-term investors may hold for exposure to India’s rising athleisure market, but fresh entry should be cautious given stretched valuations and high PEG ratio.


Positive

  • 🌟 Strong ROCE (20.1%) and ROE (17.2%).
  • 🌟 Quarterly PAT growth from ₹20.1 Cr to ₹63.7 Cr.
  • 🌟 Expanding presence in athleisure and sportswear market.

Limitation

  • ⚠️ High P/E (51.4) compared to industry average (39.4).
  • ⚠️ Elevated P/B ratio (~9.1).
  • ⚠️ PEG ratio of 14.4 indicates expensive growth.

Company Negative News

  • 📉 FII holdings reduced by 0.08% and DII holdings by 0.11%.
  • 📉 Technical weakness with RSI at 44.4 and MACD negative (-2.54).

Company Positive News

  • 📈 Quarterly PAT surged significantly.
  • 📈 Strong demand outlook in footwear and athleisure.
  • 📈 Expanding distribution network across India.

Industry

  • 🏭 Footwear and sportswear industry in India is expanding with rising youth demand.
  • 🏭 Industry P/E at 39.4 shows moderate valuation compared to Campus’s premium.
  • 🏭 Competition remains strong with global and domestic brands.

Conclusion

✅ Campus Activewear is a growing player in footwear and sportswear with strong brand appeal and rising demand. However, valuations are stretched and technical indicators show weakness. Suitable for long-term holding, with accumulation recommended around ₹220–230 levels.

For deeper insights, you could explore a peer comparison or a technical chart analysis to complement this fundamental view.

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