Established in 2008, Campus Activewear Limited (Campus) stands tall as one of India’s premier sports and athleisure footwear brands, boasting remarkable value and volume in the market. Specializing in an extensive range of footwear including Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, Campus caters to diverse tastes with its myriad of colors and styles, all offered at competitive prices.
In this article, we delve into every facet of the company, exploring its journey, products, and impact on the industry landscape.
About Campus Activewear
With a substantial market share of 17% in India’s sports and athleisure footwear market as of FY23, Campus Activewear Limited remains a dominant player in the industry. Offering a diverse product portfolio comprising over 2,100 active styles catering to men, women, kids, and children, Campus ensures it meets the varied tastes and preferences of its wide customer base. Its widespread presence spans across the nation with 425+ distributors operating in 28 states, serving 650 cities, and encompassing over 20,000 retail touchpoints.
Notably, Campus has successfully penetrated tier 2 and tier 3 cities, while strategically increasing the revenue contribution from metro and tier 1 cities, which now stands at approximately 27% as of 9MFY22, up from 16% in FY19. Embracing an Omni Channel distribution approach, Campus effectively utilizes trade distribution (55%), direct-to-consumer (D2C) online platforms (38%), and offline D2C channels (7%) to maximize its reach and accessibility to customers nationwide.
Q3 FY24 Performance Summary for Campus Activewear Limited
- Campus Activewear Q3 FY24 results showed a 1.37% increase in revenue year-over-year (YoY) but a significant 48.48% decrease in profit YoY.
- Compared to the previous quarter, revenue surged by 82.48% and profit skyrocketed by 5310.87%.
- Selling, general & administrative expenses rose by 11.32% quarter-over-quarter (QoQ) and 17.26% year-over-year (YoY).
- Operating income witnessed a remarkable 489.27% increase in QoQ but declined by 47.63% YoY.
- Earnings Per Share (EPS) for Q3 FY24 stood at ₹0.81, marking a 48.73% decrease YoY.
- Campus Activewear experienced negative returns of -4.06% in the last week, -10.22% in the last 6 months, and -7.63% Year-to-Date (YTD).
- The company’s market capitalization stands at ₹7893.91 Cr, with a 52-week high/low of ₹424.7 & ₹237.8 respectively.
- Among 7 analysts covering the company as of February 11, 2024, 1 analyst rated it as a Strong Sell, 1 as Sell, 2 as Buy, and 3 as a Strong Buy.
Below are the trading platforms that you can use to purchase Campus Activewear shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 247.32 | 215.06 |
| May 2024 | 243.67 | 211.88 |
| June 2024 | 252.44 | 219.51 |
| July 2024 | 249.91 | 217.32 |
| August 2024 | 259.91 | 226.01 |
| September 2024 | 270.31 | 235.05 |
| October 2024 | 265.01 | 230.44 |
| November 2024 | 272.96 | 237.35 |
| December 2024 | 279.78 | 243.29 |
Throughout 2024, Campus Activewear’s share price demonstrates fluctuation, with anticipated maximum prices ranging from ₹247.32 in April to ₹279.78 in December, and minimum prices varying from ₹215.06 to ₹243.29 respectively. As of April 2nd, 2024, the current share price stands at ₹229, with a high/low range of ₹380/₹213.
The market capitalization is ₹6,998 Cr. The stock’s Price/Earnings ratio is 87.9, with a book value of ₹19.4. Despite a dividend yield of 0.00%, Campus Activewear showcases robust financial performance with a Return on Capital Employed (ROCE) of 23.0% and a Return on Equity (ROE) of 23.8%. The face value of the stock is ₹5.00.
| When | Maximum Price | Minimum Price |
| January 2025 | 285.37 | 219.52 |
| February 2025 | 292.69 | 225.15 |
| March 2025 | 304.11 | 233.93 |
| April 2025 | 298.14 | 229.34 |
| May 2025 | 289.46 | 222.66 |
| June 2025 | 302.49 | 232.68 |
| July 2025 | 296.56 | 228.12 |
| August 2025 | 305.73 | 235.17 |
| September 2025 | 316.43 | 243.41 |
| October 2025 | 324.65 | 249.73 |
| November 2025 | 332.77 | 255.98 |
| December 2025 | 341.09 | 262.38 |
In 2025, Campus Activewear projects a promising trajectory for its share price, with estimates ranging from a maximum of ₹341.09 in December to a minimum of ₹219.52 in January. This upward trend reflects confidence in the company’s performance and market outlook.
Moreover, the Campus boasts a robust design infrastructure, including an in-house design team and global consultancy network, with 50 designers in India alone. Known for its agility, the company typically launches new products within 120 to 180 days from conceptualization, unveiling over 2,800 designs between FY19 and FY23, signaling a commitment to innovation and market responsiveness.
| When | Maximum Price | Minimum Price |
| January 2026 | 351.32 | 270.25 |
| February 2026 | 360.33 | 277.18 |
| March 2026 | 374.38 | 287.99 |
| April 2026 | 367.04 | 282.34 |
| May 2026 | 356.35 | 274.12 |
| June 2026 | 372.39 | 286.45 |
| July 2026 | 365.09 | 280.84 |
| August 2026 | 376.38 | 289.52 |
| September 2026 | 389.55 | 299.65 |
| October 2026 | 399.68 | 307.45 |
| November 2026 | 409.67 | 315.13 |
| December 2026 | 419.91 | 323.01 |
In 2026, Campus Activewear anticipates continued growth in its share price, with projections ranging from a maximum of ₹419.91 in December to a minimum of ₹270.25 in January. This upward trend reflects the company’s strong performance and optimistic market sentiment.
Additionally, Campus announced the approval of merging its wholly-owned subsidiary, Campus AI Private Limited, into itself on August 11, 2022. Consequently, tax computations for FY’21 and FY’22 have been revised accordingly, marking a strategic move to streamline operations and enhance efficiency within the organization.
| When | Maximum Price | Minimum Price |
| January 2027 | 428.31 | 329.47 |
| February 2027 | 439.29 | 337.92 |
| March 2027 | 456.43 | 351.10 |
| April 2027 | 447.48 | 344.21 |
| May 2027 | 434.44 | 334.19 |
| June 2027 | 453.99 | 349.23 |
| July 2027 | 445.09 | 342.38 |
| August 2027 | 458.86 | 352.97 |
| September 2027 | 474.92 | 365.32 |
| October 2027 | 487.27 | 374.82 |
| November 2027 | 499.45 | 384.19 |
| December 2027 | 511.93 | 393.79 |
In 2027, Campus Activewear foresees a robust trajectory for its share price, with estimates ranging from a maximum of ₹511.93 in December to a minimum of ₹329.47 in January. This upward trend reflects the company’s sustained growth momentum and positive market sentiment.
Additionally, Campus made significant strides in April 2022 by raising Rs. 1400 Crs through its IPO, which was oversubscribed by an impressive 51.75 times. Notably, the entire IPO consisted of an Offer for sale, showcasing strong investor confidence and appetite for the company’s shares.
| When | Maximum Price | Minimum Price |
| January 2028 | 522.17 | 401.67 |
| February 2028 | 535.56 | 411.97 |
| March 2028 | 556.45 | 428.04 |
| April 2028 | 545.54 | 419.64 |
| May 2028 | 529.65 | 407.42 |
| June 2028 | 553.48 | 425.76 |
| July 2028 | 542.63 | 417.41 |
| August 2028 | 559.41 | 430.32 |
| September 2028 | 578.99 | 445.38 |
| October 2028 | 594.04 | 456.96 |
| November 2028 | 608.90 | 468.38 |
| December 2028 | 624.12 | 480.09 |
- January 2028: ₹401.67(Minimum)
- December 2028: ₹624.12 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 636.60 | 489.69 |
| February 2029 | 652.92 | 502.25 |
| March 2029 | 678.39 | 521.84 |
| April 2029 | 665.09 | 511.60 |
| May 2029 | 645.71 | 496.70 |
| June 2029 | 674.77 | 519.06 |
| July 2029 | 661.54 | 508.88 |
| August 2029 | 682.00 | 524.62 |
| September 2029 | 705.87 | 542.98 |
| October 2029 | 724.22 | 557.10 |
| November 2029 | 742.33 | 571.02 |
| December 2029 | 760.89 | 585.30 |
- January 2029: ₹489.69(Minimum)
- December 2029: ₹760.89 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 776.11 | 597.00 |
| February 2030 | 796.01 | 612.31 |
| March 2030 | 827.05 | 636.19 |
| April 2030 | 810.83 | 623.72 |
| May 2030 | 787.22 | 605.55 |
| June 2030 | 822.64 | 632.80 |
| July 2030 | 806.51 | 620.39 |
| August 2030 | 831.45 | 639.58 |
| September 2030 | 860.56 | 661.97 |
| October 2030 | 882.93 | 679.18 |
| November 2030 | 905.00 | 696.16 |
| December 2030 | 927.63 | 713.56 |
- January 2030: ₹597.00 (Minimum)
- December 2030: ₹927.63 (Maximum)
Financial Condition of Campus Activewear: Last 5 Years
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Cr) | 464 | 633 | 711 | 1,194 | 1,484 |
| Expenses (Rs. Cr) | 407 | 561 | 596 | 951 | 1,231 |
| Operating Profit (Rs. Cr) | 57 | 72 | 116 | 243 | 254 |
| OPM (%) | 12 | 11 | 16 | 20 | 17 |
| Other Income (Rs. Cr) | 26 | 36 | 4 | 1 | 3 |
| Interest (Rs. Cr) | 14 | 13 | 17 | 20 | 29 |
| Depreciation (Rs. Cr) | 9 | 20 | 32 | 53 | 71 |
| Profit Before Tax (Rs. Cr) | 60 | 75 | 70 | 172 | 157 |
| Tax (%) | 33 | 20 | 62 | 37 | 25 |
| Net Profit (Rs. Cr) | 40 | 60 | 27 | 109 | 117 |
| EPS (Rs) | 4,129.50 | 3.97 | 1.77 | 3.57 | 3.84 |
| Dividend Payout (%) | 0 | 0 | 0 | 0 | 0 |
- Over the past five years, Campus Activewear has demonstrated significant sales growth, with revenues rising from Rs. 464 Cr in March 2019 to Rs. 1,484 Cr in March 2023.
- Despite escalating expenses from Rs. 407 Cr to Rs. 1,231 Cr during the same period, the company has consistently improved its operating profit, reaching Rs. 254 Cr in March 2023, maintaining a healthy Operating Profit Margin (OPM) of 17%.
- Compound sales growth over the past five years is impressive at 29%, indicating sustained revenue expansion.
- Similarly, compounded profit growth for the same period stands at a notable 30%, reflecting consistent profitability.
- Return on equity (ROE) has remained robust at 22% over the past five years, with a slight increase noted in the last year to 24%.
- However, the trailing twelve months (TTM) figures show a decline in both sales and profit growth, reflecting recent challenges faced by the company.
- Additionally, the stock price Compound Annual Growth Rate (CAGR) over the past year is negative, standing at -31%
FAQs
What is Campus Activewear’s current market capitalization?
Campus Activewear’s current market capitalization stands at ₹6,998 Cr.
The current share price target ranges from ₹511.93 (maximum) to ₹329.47 (minimum) for December 2027.
The share price target for 2025 ranges from ₹341.09 (maximum) to ₹219.52 (minimum) for December and January, respectively.
The share price target for 2030 ranges from ₹927.63 (maximum) to ₹597.00 (minimum) for December and January, respectively.
What is Campus Activewear’s current Price/Earnings (PE) ratio?
The stock’s Price/Earnings (PE) ratio is currently 87.9.
What is the company’s dividend payout percentage?
Campus Activewear has a dividend payout percentage of 0.00%.
What is the compound sales growth rate for Campus Activewear over the past five years?
The compound sales growth rate over the past five years stands at 29%.
What is the compound profit growth rate for Campus Activewear over the past five years?
The compound profit growth rate over the past five years is 30%.
What is Campus Activewear’s Return on Equity (ROE)?
Campus Activewear’s Return on Equity (ROE) has been 22% over the past five years, with a slight increase to 24% in the last year.
The stock price Compound Annual Growth Rate (CAGR) over the past year is negative, standing at -31%.
What is the face value of Campus Activewear’s stock?
The face value of Campus Activewear’s stock is ₹5.00.
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In conclusion, Campus Activewear Limited emerges as a formidable player in India’s sports and athleisure footwear market, boasting a substantial market share and a diverse product portfolio catering to various consumer segments. The company’s strategic penetration into tier 2 and tier 3 cities, coupled with its omni-channel distribution approach, underscores its commitment to expanding market reach and accessibility. Despite recent challenges reflected in fluctuating quarterly performance metrics, Campus Activewear maintains a robust financial position, with notable sales and profit growth rates over the past five years.
However, the negative trend in the stock’s Compound Annual Growth Rate (CAGR) over the past year, combined with its high Price/Earnings (PE) ratio and absence of dividend payouts, raises concerns for potential investors. While the company demonstrates strong profitability and growth potential, investors should carefully consider the valuation metrics and dividend policy before making investment decisions.
What did we learn?
- 1 About Campus Activewear
- 2 Q3 FY24 Performance Summary for Campus Activewear Limited
- 3 How to Purchase Campus Activewear Shares?
- 4 Campus Activewear Share Price Target 2024 – 2030
- 4.1 Campus Activewear Share Price Target 2024
- 4.2 Campus Activewear Share Price Target 2025
- 4.3 Campus Activewear Share Price Target 2026
- 4.4 Campus Activewear Share Price Target 2027
- 4.5 Campus Activewear Share Price Target 2028
- 4.6 Campus Activewear Share Price Target 2029
- 4.7 Campus Activewear Share Price Target 2030
- 5 Financial Condition of Campus Activewear: Last 5 Years
- 6 FAQs
- 6.1 What is Campus Activewear’s current market capitalization?
- 6.2 What is the company’s current share price target?
- 6.3 What is the projected share price target for 2025?
- 6.4 What is the projected share price target for 2030?
- 6.5 What is Campus Activewear’s current Price/Earnings (PE) ratio?
- 6.6 What is the company’s dividend payout percentage?
- 6.7 What is the compound sales growth rate for Campus Activewear over the past five years?
- 6.8 What is the compound profit growth rate for Campus Activewear over the past five years?
- 6.9 What is Campus Activewear’s Return on Equity (ROE)?
- 6.10 How has the company’s share price performed over the past year?
- 6.11 What is the face value of Campus Activewear’s stock?
- 7 Conclusion: Navigating Campus Activewear’s Market Landscape
