Kamanwala Housing Construction Ltd

Kamanwala Housing Construction Ltd

₹ 19.4 0.94%
24 Apr - close price
About

Incorporated in 1984, Kamanwala Housing Construction Ltd is engaged in Real Estate Development business including construction of Residential and Commercial buildings and related activities.

Key Points

Business Overview:[1]
Company develops and sells properties on an outright basis, except in the case of old buildings taken up for conversion which are very few in number. Property is first identified by promoters and then company negotiates with the seller. All legal aspects are looked in detail. On completion of all requisite formalities satisfactorily, land acquisition is completed. KHCL undertakes projects either on its own, in partnership with the seller of the land, or as a joint venture with another construction company.

  • Market Cap 27.3 Cr.
  • Current Price 19.4
  • High / Low 23.6 / 7.86
  • Stock P/E
  • Book Value 51.0
  • Dividend Yield 0.00 %
  • ROCE -2.97 %
  • ROE -2.91 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.38 times its book value
  • Debtor days have improved from 57.1 to 15.1 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -26.2% over past five years.
  • Company has a low return on equity of -1.01% over last 3 years.
  • Contingent liabilities of Rs.16.5 Cr.

* 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: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.15 2.48 0.17 1.95 0.73 0.00 0.00 1.45 0.00 2.43 2.80 0.00 0.00
0.30 3.72 0.38 2.76 1.04 0.27 0.29 1.60 0.16 10.58 3.10 0.08 0.07
Operating Profit -0.15 -1.24 -0.21 -0.81 -0.31 -0.27 -0.29 -0.15 -0.16 -8.15 -0.30 -0.08 -0.07
OPM % -100.00% -50.00% -123.53% -41.54% -42.47% -10.34% -335.39% -10.71%
0.13 1.19 0.21 0.60 0.28 0.71 0.25 0.11 0.12 0.01 0.27 0.00 0.00
Interest 0.01 0.01 0.01 0.02 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.03 0.02 -0.01 0.00 0.03 0.01 0.01 0.01 0.00 0.01 0.00 0.00
Profit before tax -0.03 -0.09 -0.03 -0.22 -0.03 0.42 -0.05 -0.05 -0.05 -8.14 -0.04 -0.08 -0.07
Tax % 0.00% -11.11% 0.00% 0.00% 0.00% 7.14% 0.00% 0.00% 0.00% 0.98% 0.00% 0.00% 0.00%
-0.03 -0.10 -0.02 -0.23 -0.04 0.40 -0.05 -0.05 -0.05 -8.05 -0.04 -0.08 -0.08
EPS in Rs -0.02 -0.07 -0.01 -0.16 -0.03 0.28 -0.04 -0.04 -0.04 -5.71 -0.03 -0.06 -0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
76.35 84.58 20.43 23.56 78.68 38.01 17.67 20.91 2.85 2.63 2.85 3.87 5.23
64.63 80.68 20.68 33.91 92.58 41.22 19.19 23.83 5.34 4.51 4.45 6.60 13.83
Operating Profit 11.72 3.90 -0.25 -10.35 -13.90 -3.21 -1.52 -2.92 -2.49 -1.88 -1.60 -2.73 -8.60
OPM % 15.35% 4.61% -1.22% -43.93% -17.67% -8.45% -8.60% -13.96% -87.37% -71.48% -56.14% -70.54% -164.44%
4.84 7.21 12.47 20.91 10.07 4.83 2.26 2.88 2.86 1.79 1.80 -5.53 0.28
Interest 10.70 8.20 10.15 8.09 6.67 1.51 0.39 0.17 0.04 0.01 0.02 0.00 0.00
Depreciation 0.19 0.21 0.22 0.30 0.29 0.28 0.24 0.19 0.25 0.07 0.04 0.03 0.01
Profit before tax 5.67 2.70 1.85 2.17 -10.79 -0.17 0.11 -0.40 0.08 -0.17 0.14 -8.29 -8.33
Tax % 31.22% 2.22% 19.46% 22.58% 0.09% 47.06% -36.36% 5.00% -50.00% -5.88% 21.43% 0.97%
3.90 2.65 1.49 1.68 -10.78 -0.09 0.16 -0.39 0.12 -0.17 0.11 -8.21 -8.25
EPS in Rs 2.77 1.88 1.06 1.19 -7.65 -0.06 0.11 -0.28 0.09 -0.12 0.08 -5.83 -5.86
Dividend Payout % 0.00% 0.00% 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: -27%
5 Years: -26%
3 Years: 11%
TTM: 261%
Compounded Profit Growth
10 Years: -6%
5 Years: %
3 Years: %
TTM: -3400%
Stock Price CAGR
10 Years: -2%
5 Years: 20%
3 Years: 66%
1 Year: 141%
Return on Equity
10 Years: -3%
5 Years: -1%
3 Years: -1%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09 14.09
Reserves 70.92 73.57 75.06 76.71 65.93 66.04 66.25 65.90 66.06 65.91 66.06 57.88 57.77
115.59 71.61 82.37 72.59 52.38 11.36 5.11 1.67 1.15 1.04 0.99 1.09 1.09
19.55 29.46 17.25 19.63 26.00 36.60 34.78 19.38 17.87 10.61 9.02 6.30 5.76
Total Liabilities 220.15 188.73 188.77 183.02 158.40 128.09 120.23 101.04 99.17 91.65 90.16 79.36 78.71
2.43 2.44 2.36 2.03 1.46 1.03 0.66 0.32 0.06 0.10 0.33 0.28 0.27
CWIP 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
Investments 16.40 18.42 21.90 22.15 11.01 10.55 15.76 11.38 10.32 9.42 9.72 9.49 9.47
201.32 167.87 164.51 158.84 145.93 116.51 103.81 89.34 88.79 82.13 80.11 69.59 68.97
Total Assets 220.15 188.73 188.77 183.02 158.40 128.09 120.23 101.04 99.17 91.65 90.16 79.36 78.71

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20.73 42.62 -3.88 -3.56 12.47 24.44 18.20 10.18 -0.90 -1.84 0.25 1.04
16.52 1.09 -2.89 9.41 19.17 4.68 -3.58 7.49 3.77 2.58 1.23 0.73
-37.11 -45.23 7.94 -6.50 -31.01 -30.85 -14.95 -16.45 -4.30 -0.67 -1.41 -1.84
Net Cash Flow 0.14 -1.52 1.17 -0.65 0.63 -1.73 -0.33 1.23 -1.43 0.08 0.08 -0.07

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 344.87 322.62 959.58 561.44 66.57 84.89 36.36 28.80 391.89 133.23 23.05 15.09
Inventory Days 657.95 344.78 1,763.19 943.79 256.37 280.81 573.06 242.82 1,547.60 1,488.08 1,261.63 899.77
Days Payable 32.11 17.35 90.88 30.92 6.13 15.44 198.70 135.92 1,226.40 129.47 95.22 6.60
Cash Conversion Cycle 970.71 650.05 2,631.88 1,474.31 316.81 350.26 410.71 135.71 713.09 1,491.84 1,189.47 908.26
Working Capital Days 793.44 451.78 1,973.29 1,588.43 321.58 365.77 572.18 592.27 4,258.33 5,549.94 4,605.40 2,907.74
ROCE % 6.43% 3.27% 3.59% 3.50% -3.00% 0.88% 0.64% -0.26% -0.04% -0.33% 0.20% -2.97%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.12% 41.97% 41.69% 41.69% 41.69% 41.69% 41.69% 41.62% 41.62% 41.62% 41.42% 41.42%
57.88% 58.03% 58.31% 58.31% 58.31% 58.32% 58.31% 58.39% 58.38% 58.38% 58.57% 58.57%
No. of Shareholders 3,8873,9203,9714,0884,0894,1204,1324,2234,2054,4434,4025,008

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