Katare Spinning Mills Ltd

₹ 249 -3.28%

06 Dec - close price

katarespinningmillslimited.com BSE: 502933

About

Incorporated in 1980, Katare Spinning Mills Ltd is in the business of cotton yarn, solar power and hospitality^[1]

Key Points

Services Offered:^[1]
a) Spinning Mill:
Company manufactures specialty cotton yarn
b) Solar Power Project:
Company had installed 1MW solar plant for captive consumption under net metering system
c) Hotel Division

Website BSE

Market Cap ₹ 70.9 Cr.
Current Price ₹ 249
High / Low ₹ 325 / 172
Stock P/E
Book Value ₹ 419
Dividend Yield 0.00 %
ROCE -1.90 %
ROE -2.22 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.59 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -26.7% over past five years.
Company has a low return on equity of -2.58% over last 3 years.
Working capital days have increased from 138 days to 216 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	4.51	0.26	2.38	2.58	0.10	0.81	-0.04	0.80	1.81	1.43	3.04	0.35	1.19
	4.80	0.59	2.05	2.65	6.00	0.72	5.55	0.79	1.98	1.80	3.61	0.21	0.85
Operating Profit	-0.29	-0.33	0.33	-0.07	-5.90	0.09	-5.59	0.01	-0.17	-0.37	-0.57	0.14	0.34
OPM %	-6.43%	-126.92%	13.87%	-2.71%	-5,900.00%	11.11%		1.25%	-9.39%	-25.87%	-18.75%	40.00%	28.57%
	0.00	0.00	0.10	0.00	8.96	0.00	15.52	0.04	1.21	0.01	0.01	0.00	0.05
Interest	0.18	0.11	0.17	0.09	0.08	0.08	-3.55	0.00	0.00	0.00	0.13	0.00	0.00
Depreciation	0.22	0.22	0.21	0.22	0.22	0.22	0.70	0.34	0.34	0.34	0.36	0.34	0.34
Profit before tax	-0.69	-0.66	0.05	-0.38	2.76	-0.21	12.78	-0.29	0.70	-0.70	-1.05	-0.20	0.05
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	55.01%	0.00%	0.00%	0.00%	-16.19%	0.00%	0.00%
	-0.69	-0.67	0.05	-0.38	2.76	-0.21	5.74	-0.29	0.70	-0.70	-1.22	-0.21	0.05
EPS in Rs	-2.42	-2.35	0.18	-1.33	9.68	-0.74	20.14	-1.02	2.46	-2.46	-4.28	-0.74	0.18
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Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	41.93	40.81	36.26	35.45	32.71	35.32	32.38	31.99	31.29	10.47	3.46	6.87	6.01
	41.38	38.37	34.30	35.76	32.26	35.32	32.41	32.30	32.20	10.83	6.39	7.91	6.47
Operating Profit	0.55	2.44	1.96	-0.31	0.45	0.00	-0.03	-0.31	-0.91	-0.36	-2.93	-1.04	-0.46
OPM %	1.31%	5.98%	5.41%	-0.87%	1.38%	0.00%	-0.09%	-0.97%	-2.91%	-3.44%	-84.68%	-15.14%	-7.65%
	0.51	0.50	1.31	1.04	2.56	0.50	0.52	4.55	0.21	0.10	24.49	1.25	0.07
Interest	1.39	2.17	2.50	1.70	3.23	3.08	3.20	3.24	0.64	0.60	5.25	0.18	0.13
Depreciation	0.54	0.55	0.59	0.63	1.09	1.10	1.08	0.87	0.89	0.87	1.36	1.37	1.38
Profit before tax	-0.87	0.22	0.18	-1.60	-1.31	-3.68	-3.79	0.13	-2.23	-1.73	14.95	-1.34	-1.90
Tax %	2.30%	-104.55%	194.44%	111.25%	74.05%	28.80%	22.96%	30.77%	0.00%	0.00%	47.02%	-12.69%
	-0.84	0.45	-0.17	0.19	-0.34	-2.61	-2.92	0.10	-2.23	-1.74	7.92	-1.51	-2.08
EPS in Rs	-2.95	1.58	-0.60	0.67	-1.19	-9.16	-10.25	0.35	-7.82	-6.11	27.79	-5.30	-7.30
Dividend Payout %	0.00%	63.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-16%
5 Years:	-27%
3 Years:	-40%
TTM:	78%

Compounded Profit Growth
10 Years:	%
5 Years:	2%
3 Years:	-6%
TTM:	-135%

Stock Price CAGR
10 Years:	27%
5 Years:	97%
3 Years:	153%
1 Year:	-16%

Return on Equity
10 Years:	-6%
5 Years:	-4%
3 Years:	-3%
Last Year:	-2%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85
Reserves	12.25	10.06	9.68	8.11	7.50	4.89	1.97	2.07	-0.16	-1.89	122.21	116.61	116.45
	11.14	14.96	21.30	27.18	25.29	28.87	31.46	31.93	29.01	28.90	0.57	3.36	3.65
	3.90	4.24	4.59	1.76	6.49	3.76	4.40	3.91	1.79	1.96	4.12	1.33	1.41
Total Liabilities	30.14	32.11	38.42	39.90	42.13	40.37	40.68	40.76	33.49	31.82	129.75	124.15	124.36
	14.90	14.59	14.05	11.85	20.36	19.69	18.62	17.91	17.32	16.42	124.86	116.60	116.05
CWIP	0.07	0.07	7.38	10.24	0.79	0.76	0.76	0.81	0.76	0.76	0.12	0.12	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.17	17.45	16.99	17.81	20.98	19.92	21.30	22.04	15.41	14.64	4.77	7.43	8.31
Total Assets	30.14	32.11	38.42	39.90	42.13	40.37	40.68	40.76	33.49	31.82	129.75	124.15	124.36

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-4.31	0.25	-7.24	1.99	-0.88	2.37	0.06	2.42	-2.52	0.58	4.77	-3.97
	1.29	-0.14	-1.99	-2.35	2.68	0.06	0.50	-0.89	6.09	0.13	24.54	1.36
	2.22	0.20	8.97	0.35	-1.79	-2.46	-0.59	-1.54	-3.56	-0.71	-29.30	2.65
Net Cash Flow	-0.80	0.31	-0.26	-0.02	0.01	-0.02	-0.04	-0.02	0.01	-0.01	0.02	0.04

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	16.19	13.59	9.86	11.53	17.18	7.44	22.88	22.93	26.01	65.19	174.06	113.17
Inventory Days	26.79	27.86	34.41	24.38	29.11	155.49	32.48	264.12	28.00	73.84	201.74	97.00
Days Payable	17.93	18.54	35.06	14.18	41.22	183.82	41.94	239.36	8.67	35.58	29.15	3.36
Cash Conversion Cycle	25.05	22.92	9.21	21.73	5.07	-20.89	13.42	47.70	45.34	103.45	346.65	206.80
Working Capital Days	44.92	20.39	25.67	36.04	-8.70	5.79	10.15	23.05	43.51	99.70	97.05	216.24
ROCE %	1.99%	8.83%	5.90%	-0.11%	5.20%	-1.66%	-1.76%	8.86%	-4.96%	-3.74%	6.29%	-1.90%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	47.73%	47.73%	47.73%	47.73%	47.73%	47.73%	50.23%	49.80%	49.80%	49.84%	49.84%	49.84%
	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
	51.99%	51.99%	51.99%	51.99%	51.99%	51.99%	49.49%	49.93%	49.92%	49.89%	49.90%	49.89%
No. of Shareholders	1,615	1,615	1,604	1,605	1,636	2,062	2,186	2,313	2,262	2,261	2,246	2,186

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	51.36%	51.39%	50.24%	47.73%	47.73%	47.73%	49.84%	49.84%
	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
	48.36%	48.33%	49.48%	51.99%	51.99%	51.99%	49.89%	49.89%
No. of Shareholders	1,698	1,677	1,633	1,632	1,615	2,062	2,261	2,186

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Katare Spinning Mills Ltd

Katare Spinning Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports