CITYMAN LIMITED

1. Introduction:

○ Brief introduction of the company:

Started in India, Cityman Ltd makes and sells fabric along with stitched clothing. Mostly active inside the country, it targets budget-friendly fashion buyers. Its work centers on everyday wear people can easily afford.

○ Industry overview:

One of India's biggest industries makes clothes and fabrics, adding a lot to factory work and jobs. Thanks to people buying more at home, support from the government through programs such as production-linked rewards, along with chances to sell abroad, it keeps moving forward. Still, reacting fast when costs shift - cotton and man-made threads often lead those changes.

• Purpose of the analysis:

This look at Cityman Ltd begins by checking how well it handles money, runs its daily work, then steps into broader signs of stability. A close eye goes on dangers ahead, while what could grow later also gets space here.

2. Company overview:

○ Background and history:

A few years back, Cityman Ltd stepped into textiles, sticking mainly to making clothes while also moving fabric. Though others have grown fast, this firm stayed modest in size, never rushing to spread too wide.

○ Business model:

From production straight into trade - that’s how operations roll here. Sales of clothing and fabric items drive income across local regions. Instead of high-end labels, success comes by moving large amounts while keeping expenses low.

○ Key products/services:

• Ready-made garments
• Textile fabrics
• Trading of cloth materials.

○ Market position

Out there among countless rivals, Cityman Ltd finds itself just one face in the crowd. Though present, its share in the industry stays narrow. Rivals show up everywhere - some polished national names, others local makers. Competition pushes hard from every direction.

3. Promoter or Founder Overview:

• Name of promoter(s)/founder(s):

Santhosh Joseph Karimattom (Chairman and Managing Director)

• Professional background:

Starting out in finance long ago, Santhoth Joseph has walked through more than two decades shaping his path across big names like Standard Chartered Bank and DSP BlackRock. His presence stands firm in Bangalore’s investing circles - often heard, regularly sharing thoughts where money matters get discussed.

• Role in company growth and strategic decisions:

That leader keeps a strong grip on ownership, with nearly 72% still under his name. Steering decisions now lean into fresh directions - real estate enters the picture while old clothing ventures slow down. Moves focus on testing ground beyond fabric and fashion. Big changes unfold quietly behind steady control.

4. Financial statement analysis:

• Income Statement Analysis:

Trend:

Still, Cityman Ltd. pulls in about the same each year. Profits stay thin - cost swings shake results now and then.

• Balance Sheet analysis:
• In March 2025, total assets reached ₹7.53 crore. Most of what they own sits in current assets - cash, advances dominate. Fixed assets are nearly absent, so the Net Block barely registers.
• Still sitting at ₹11.70 crore, share capital hasn’t shifted. 
• By March 2025, reserves dipped below zero - now at -₹18.27 crore - due to ongoing losses.
• Borrowings hover near ₹13.98 crore.

• Cash Flow Statement analysis:
• Cash coming in from operations turned red during FY25 - ₹0.31 crore slipped below zero. That dip means daily running costs drained funds while revenue stayed flatlined. 
• Operations keep ticking, yet nothing sold pays the bill.
• Some cash comes through loans or money put in by owners just to keep things running - ₹0.30 crore showed up that way in FY25.

• Key Financial Ratios:
• Profitability: Net Profit Margin is currently not applicable due to zero revenue. ROE is technically 0% or negative given the negative net worth.
• Liquidity: The Current Ratio is exceptionally high (over 200) due to low current liabilities, but this is misleading as it does not stem from healthy operations.
• Leverage: The Debt-to-Equity ratio is negative (-2.13) due to the heavy reliance on equity capital.

• Year-on-year comparison:
• Revenue: Largely stable with minor fluctuations
• Net Profit: Volatile with marginal profits
• Debt: Moderately stable

Though expansion seems slow, some movement appears on the edges of activity.

5. Key Insights & Interpretation:

○ Strengths:

• Low debt levels reduce financial risk. 
• Staying active in key fabric industries keeps a steady flow of needed orders coming through the door. 
• Cost-focused business model supports survival in competitive markets.

○ Weaknesses:

• Low profitability and weak margins.
• Its space in stores stays small.
• Poor growth in revenue and assets.
• Inefficient working capital management.

○ Risk factors:

• Volatility in raw material prices (cotton, yarn)
• High competition from organized and unorganized players
• Demand fluctuations in the textile market

○ Future outlook:

Reaching higher levels means streamlining operations while pushing into new markets at the same time keeping expenses tighter. If spending choices lack vision or variety, progress could stall over years ahead.

6. Conclusion:

○ Final evaluation of financial health:

Not quite thriving, Cityman Ltd. holds steady on finances yet trails in expansion and earnings. Though daily operations run without major hiccups, key money-related metrics fall short of solid results. From how much money goes in, to what comes out over time.

• Investment or performance perspective:

Low growth and thin profits make big gains unlikely here. A safer bet, perhaps - yet rewards stay small. Watch how earnings shift. See if sales begin rising and then decide. Progress must show clearly before trust grows.

• REFERENCES:
• https://www.cityman.in/contact.html
• https://groww.in/stocks/cityman-ltd