Khandelwal Extractions Ltd

Khandelwal Extractions Ltd

₹ 120 -2.00%
12 Mar - close price
About

Incorporated in 1981, Khandelwal Extractions
Ltd is in the business of renting property.[1]

Key Points

Business Overview:[1][2][3]
KEL was earlier engaged in the solvent extraction business, manufacturing rice bran oil and rice bran extraction with a processing capacity of 150 MTPD. Subsequently, it sold its plant, machinery, stores, and spares, and leased out its godowns at Akrampur-Magarwara, Dist. Unnao. At present, the company’s business is limited to property rental.

  • Market Cap 10.2 Cr.
  • Current Price 120
  • High / Low 154 / 66.0
  • Stock P/E 85.0
  • Book Value 35.5
  • Dividend Yield 0.00 %
  • ROCE 13.3 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.38 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 38.5%
  • Company has a low return on equity of 11.1% over last 3 years.
  • Working capital days have increased from -21.3 days to 65.0 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0.00 0.00 0.19 0.19 0.20 0.20 0.20 0.22 0.17 0.14 0.15 0.15 0.15
0.12 0.13 0.11 0.12 0.11 0.11 0.12 0.13 0.12 0.11 0.12 0.12 0.12
Operating Profit -0.12 -0.13 0.08 0.07 0.09 0.09 0.08 0.09 0.05 0.03 0.03 0.03 0.03
OPM % 42.11% 36.84% 45.00% 45.00% 40.00% 40.91% 29.41% 21.43% 20.00% 20.00% 20.00%
0.19 0.25 0.05 0.04 0.06 0.07 0.05 0.04 0.05 0.04 0.04 0.05 0.03
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.01
Profit before tax 0.05 0.10 0.11 0.09 0.13 0.14 0.11 0.12 0.09 0.07 0.06 0.07 0.05
Tax % 0.00% 120.00% 0.00% 0.00% 0.00% 92.86% 0.00% 0.00% 0.00% 142.86% 33.33% 28.57% 40.00%
0.05 -0.01 0.11 0.09 0.13 0.01 0.12 0.12 0.09 -0.03 0.05 0.06 0.04
EPS in Rs 0.59 -0.12 1.29 1.06 1.53 0.12 1.41 1.41 1.06 -0.35 0.59 0.71 0.47
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
16.02 11.63 10.25 15.17 12.56 5.36 0.00 0.00 -0.23 0.00 0.78 0.73 0.59
15.73 12.09 10.29 14.56 13.06 5.82 0.58 0.41 0.77 0.48 0.46 0.49 0.47
Operating Profit 0.29 -0.46 -0.04 0.61 -0.50 -0.46 -0.58 -0.41 -1.00 -0.48 0.32 0.24 0.12
OPM % 1.81% -3.96% -0.39% 4.02% -3.98% -8.58% -10,000.00% 30.88% 41.03% 32.88% 20.34%
0.42 0.33 0.24 0.24 0.24 0.24 0.19 0.17 1.53 0.88 0.23 0.19 0.16
Interest 0.24 0.33 0.27 0.27 0.40 0.23 0.11 0.07 0.07 0.06 0.05 0.01 0.00
Depreciation 0.03 0.03 0.04 0.04 0.05 0.05 0.05 0.05 0.03 0.03 0.03 0.03 0.03
Profit before tax 0.44 -0.49 -0.11 0.54 -0.71 -0.50 -0.55 -0.36 0.43 0.31 0.47 0.39 0.25
Tax % 31.82% -30.61% -27.27% 12.96% -12.68% -28.00% -21.82% -27.78% 30.23% 38.71% 27.66% 25.64%
0.30 -0.34 -0.08 0.47 -0.62 -0.35 -0.43 -0.25 0.30 0.19 0.34 0.30 0.12
EPS in Rs 3.53 -4.00 -0.94 5.53 -7.29 -4.12 -5.06 -2.94 3.53 2.24 4.00 3.53 1.42
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: -24%
5 Years: %
3 Years: %
TTM: -25%
Compounded Profit Growth
10 Years: 11%
5 Years: 22%
3 Years: 35%
TTM: -65%
Stock Price CAGR
10 Years: %
5 Years: 63%
3 Years: 59%
1 Year: 34%
Return on Equity
10 Years: -4%
5 Years: -1%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Reserves 2.64 2.30 2.23 2.60 1.95 1.59 1.17 0.91 1.21 1.40 1.74 2.04 2.14
5.71 4.21 5.66 5.34 4.55 1.20 1.20 1.20 1.20 0.88 0.48 0.00 0.00
2.16 1.47 1.46 3.29 1.67 0.19 0.33 0.48 0.68 0.76 0.71 0.60 0.64
Total Liabilities 11.39 8.86 10.23 12.11 9.05 3.86 3.58 3.47 3.97 3.92 3.81 3.52 3.66
0.86 0.83 0.85 1.06 1.05 1.00 0.95 0.85 0.59 0.56 0.59 0.56 0.55
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 0.00 0.00 0.00 0.00 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00
10.53 8.03 9.38 11.05 8.00 2.86 2.52 2.62 3.38 3.36 3.22 2.96 3.11
Total Assets 11.39 8.86 10.23 12.11 9.05 3.86 3.58 3.47 3.97 3.92 3.81 3.52 3.66

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-3.24 1.61 -1.28 -0.03 1.97 3.28 -0.34 -0.25 -0.54 -0.39 0.19 0.29
0.40 0.28 0.17 -0.26 0.30 0.61 0.28 0.30 1.86 0.47 -1.66 0.35
1.85 -1.94 1.18 -0.41 -2.27 -3.19 -0.11 0.04 -0.07 0.03 -0.46 -0.54
Net Cash Flow -0.99 -0.05 0.07 -0.71 0.00 0.70 -0.17 0.08 1.25 0.11 -1.92 0.11

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 24.15 22.60 11.04 15.16 11.33 0.00 0.00 0.00 0.00
Inventory Days 200.73 193.10 319.60 249.99 171.49 7.38 0.00
Days Payable 36.77 23.81 35.71 66.54 22.37 4.92
Cash Conversion Cycle 188.11 191.89 294.93 198.61 160.46 2.46 0.00 0.00 0.00
Working Capital Days 87.49 87.88 91.87 58.71 49.69 32.01 -1,285.43 -107.63 65.00
ROCE % 8.47% -1.93% 1.98% 9.10% -3.83% -4.89% -12.72% -9.62% -18.15% 11.47% 16.29% 13.29%

Insights

In beta
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Actual quantity of oilseeds crushed
MT

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Crushing capacity per day
MT
Production of extractions/De-oiled cake
MT
Production of solvent extracted oil
MT
Godown Utilization
%
Revenue from Lease Rent
INR Lakhs

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54% 38.54%
61.46% 61.46% 61.46% 61.47% 61.47% 61.47% 61.47% 61.47% 61.46% 61.47% 61.46% 61.47%
No. of Shareholders 2,2162,2162,2062,2412,2912,2852,3262,4142,4592,4702,4972,443

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