Kamadgiri Fashion Ltd

Kamadgiri Fashion Ltd

₹ 79.2 -2.44%
23 May - close price
About

Incorporated in 1987, Kamadgiri Fashion Limited is in the business of manufacturing (in house and outsourced) fabrics and readymade apparels.

Key Points

Business Overview:[1]
Company weaves and manufactures fabrics (in-house) and ready-to-wear garments (contract manufacturing) such as formal shirts, casual shirts and bottom wear for reputed brands. It offers customized uniform tailoring services. Based in Mumbai, company operates weaving and garmenting units in Maharashtra and Gujarat. The company is a fully integrated unit, and launched its in-house True Value brand for suitings and shirtings in 2005. It took over Stripes 2 Apparels Ltd., a Future Group entity, in 2008.[2]

  • Market Cap 46.5 Cr.
  • Current Price 79.2
  • High / Low 139 / 67.0
  • Stock P/E
  • Book Value 56.6
  • Dividend Yield 0.00 %
  • ROCE 9.28 %
  • ROE 1.72 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 92.6 to 64.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.23% over past five years.
  • Promoter holding is low: 34.0%
  • Company has a low return on equity of -6.43% over last 3 years.
  • Company's cost of borrowing seems high

* 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 - Processing

Loading peers table ...

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
44.00 67.10 37.05 72.54 72.91 74.82 69.16 75.53 66.52 69.67 50.41 54.80 57.27
42.89 63.79 35.19 68.88 69.48 69.21 67.45 71.32 64.53 63.06 50.04 53.16 56.00
Operating Profit 1.11 3.31 1.86 3.66 3.43 5.61 1.71 4.21 1.99 6.61 0.37 1.64 1.27
OPM % 2.52% 4.93% 5.02% 5.05% 4.70% 7.50% 2.47% 5.57% 2.99% 9.49% 0.73% 2.99% 2.22%
0.18 3.18 0.04 0.04 0.02 0.08 0.54 0.15 0.56 0.74 0.04 0.05 0.02
Interest 1.72 2.44 1.46 2.21 2.08 2.18 1.85 2.31 2.40 2.27 1.66 1.99 1.79
Depreciation 1.64 1.60 1.54 1.40 1.26 1.66 1.41 1.46 1.35 1.22 1.18 1.20 1.03
Profit before tax -2.07 2.45 -1.10 0.09 0.11 1.85 -1.01 0.59 -1.20 3.86 -2.43 -1.50 -1.53
Tax % 33.33% 23.67% 20.91% -33.33% -36.36% 32.43% 27.72% 22.03% 20.00% 29.53% 37.86% 20.67% 34.64%
-1.38 1.88 -0.87 0.12 0.16 1.24 -0.73 0.46 -0.96 2.71 -1.51 -1.19 -1.00
EPS in Rs -2.35 3.20 -1.48 0.20 0.27 2.11 -1.24 0.78 -1.64 4.62 -2.57 -2.03 -1.70
Raw PDF
Upcoming result date: 29 May 2024

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
195 194 241 249 291 301 331 319 293 140 257 281 232
183 183 225 232 276 285 310 300 283 136 243 266 222
Operating Profit 12 11 16 16 15 17 21 19 10 4 15 15 10
OPM % 6% 6% 7% 7% 5% 6% 6% 6% 3% 3% 6% 5% 4%
0 0 0 0 0 0 1 0 -0 3 0 2 1
Interest 6 7 9 9 8 8 7 7 8 8 8 9 8
Depreciation 3 3 3 3 4 4 4 4 7 7 6 5 5
Profit before tax 3 2 4 4 3 4 11 7 -5 -8 1 2 -2
Tax % 39% 39% 33% 39% 41% 32% 39% 36% 27% 28% 32% 33%
2 1 3 2 2 3 7 5 -4 -6 1 1 -1
EPS in Rs 3.32 1.82 5.78 4.28 3.49 4.80 11.09 8.02 -6.75 -9.86 1.11 2.52 -1.68
Dividend Payout % 15% 28% 26% 35% 43% 31% 18% 25% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: -3%
3 Years: -1%
TTM: -19%
Compounded Profit Growth
10 Years: -4%
5 Years: -36%
3 Years: 30%
TTM: -10000%
Stock Price CAGR
10 Years: 21%
5 Years: -2%
3 Years: 37%
1 Year: -5%
Return on Equity
10 Years: 3%
5 Years: -3%
3 Years: -6%
Last Year: 2%

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 5 5 5 5 5 6 6 6 6 6 6 6 6
Reserves 18 18 20 21 26 29 35 38 33 27 28 30 27
37 51 57 55 57 48 54 49 65 60 74 66 49
38 58 76 61 56 55 65 58 53 54 67 54 62
Total Liabilities 97 132 158 142 144 138 159 151 156 148 176 155 144
31 37 29 27 30 28 30 27 44 36 33 26 24
CWIP 0 0 0 0 0 0 0 1 1 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 1 0 0
65 94 129 115 114 110 129 123 112 112 143 130 119
Total Assets 97 132 158 142 144 138 159 151 156 148 176 155 144

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
10 -1 2 10 8 19 7 15 17 11 -3 17
-3 -4 2 1 -6 -3 -4 -3 -8 0 -1 1
-7 7 -3 -11 -3 -17 -3 -12 -9 -11 4 -18
Net Cash Flow -1 1 1 -0 -2 -1 0 -0 0 0 -0 0

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 64 83 99 76 65 62 78 64 58 128 85 65
Inventory Days 82 129 146 135 120 110 94 112 109 212 163 114
Days Payable 68 116 151 98 72 65 68 66 60 125 111 65
Cash Conversion Cycle 78 97 94 113 113 107 103 110 107 215 136 114
Working Capital Days 48 58 81 81 77 71 76 81 77 142 105 96
ROCE % 16% 13% 17% 16% 14% 15% 19% 16% 3% -2% 9% 9%

Shareholding Pattern

Numbers in percentages

20 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
30.91% 30.91% 30.91% 30.91% 30.89% 30.89% 30.89% 30.89% 30.89% 30.89% 30.89% 34.01%
69.09% 69.09% 69.09% 69.09% 69.11% 69.12% 69.11% 69.11% 69.13% 69.12% 69.12% 65.98%
No. of Shareholders 1,6181,6651,6571,6201,5431,5241,4761,4481,3931,3211,2881,381

Documents