Kandagiri Spinning Mills Ltd

Kandagiri Spinning Mills Ltd

₹ 22.0 -4.97%
22 Apr 11:07 a.m.
About

Incorporated in 1976, Kandagiri Spinning Mills Limited is engaged in production and sale of cotton yarn. Presently, company is doing yarn trading business and leasing out properties.

Key Points

History[1]
Kandagiri Spinning Mills Ltd (KSML) is part of Salem (Tamil Nadu) based “Sambandam Group” and was engaged in textile spinning with an aggregate capacity of 27,296 spindles spread among two units which could produce around 25 Tons of Yarn per day. In FY20, company sold the spinning plant and machinery and ceased the yarn production activity, and let out the immovable property for lease. The Company at present is carrying out yarn trading business[2]

  • Market Cap 8.46 Cr.
  • Current Price 22.0
  • High / Low 29.5 / 12.0
  • Stock P/E
  • Book Value -11.6
  • Dividend Yield 0.00 %
  • ROCE 25.1 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -53.1% over past five years.
  • Contingent liabilities of Rs.24.5 Cr.
  • Earnings include an other income of Rs.1.96 Cr.
  • Company has high debtors of 383 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
0.00 2.07 0.00 1.46 1.42 0.31 0.00 0.00 0.00 1.23 0.00 0.00 0.00
0.06 2.28 0.12 1.47 1.47 0.41 0.10 0.05 0.06 1.29 0.08 0.25 0.23
Operating Profit -0.06 -0.21 -0.12 -0.01 -0.05 -0.10 -0.10 -0.05 -0.06 -0.06 -0.08 -0.25 -0.23
OPM % -10.14% -0.68% -3.52% -32.26% -4.88%
0.71 0.45 0.93 0.86 0.64 0.82 0.47 0.49 1.42 0.47 0.56 0.90 0.03
Interest 0.57 0.29 0.40 0.40 0.40 0.39 0.32 0.33 0.35 0.32 0.32 0.40 0.86
Depreciation 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax 0.01 -0.12 0.34 0.38 0.12 0.26 -0.02 0.04 0.94 0.02 0.09 0.18 -1.13
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 57.69% 0.00% -350.00% 15.96% -750.00% 0.00% 44.44% 7.08%
0.00 -0.12 0.34 0.37 0.12 0.10 -0.03 0.18 0.79 0.17 0.09 0.10 -1.05
EPS in Rs 0.00 -0.31 0.88 0.96 0.31 0.26 -0.08 0.47 2.05 0.44 0.23 0.26 -2.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
144.78 78.03 54.38 69.55 26.57 2.54 3.19 1.23 1.23
135.53 84.46 58.95 76.84 35.84 3.01 3.46 1.48 1.85
Operating Profit 9.25 -6.43 -4.57 -7.29 -9.27 -0.47 -0.27 -0.25 -0.62
OPM % 6.39% -8.24% -8.40% -10.48% -34.89% -18.50% -8.46% -20.33% -50.41%
0.27 16.08 -0.06 -1.44 6.33 1.57 3.22 2.85 1.96
Interest 13.27 13.10 8.53 6.53 5.29 1.70 1.60 1.32 1.90
Depreciation 7.59 7.12 3.71 3.21 2.11 0.29 0.29 0.29 0.28
Profit before tax -11.34 -10.57 -16.87 -18.47 -10.34 -0.89 1.06 0.99 -0.84
Tax % 0.00% 0.00% 31.77% 0.00% -19.15% 0.00% 14.15% -14.14%
-11.10 -10.56 -11.51 -18.47 -12.33 -0.89 0.91 1.13 -0.69
EPS in Rs -28.84 -27.43 -29.90 -47.98 -32.03 -2.31 2.36 2.94 -1.80
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -53%
3 Years: -64%
TTM: 297%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 27%
TTM: -166%
Stock Price CAGR
10 Years: -10%
5 Years: 6%
3 Years: 39%
1 Year: 29%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86
Reserves 35.70 32.77 20.37 1.86 -9.67 -10.56 -9.65 -8.52 -8.34
90.95 67.02 58.93 51.71 15.32 14.51 14.42 14.42 14.42
33.40 9.62 11.14 21.48 8.79 7.81 6.02 5.63 3.51
Total Liabilities 163.91 113.27 94.30 78.91 18.30 15.62 14.65 15.39 13.45
92.97 74.10 52.90 26.41 11.55 11.26 10.96 10.67 10.53
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.41 1.96 1.73 1.27 1.30 1.34 1.98 2.03 2.04
69.53 37.21 39.67 51.23 5.45 3.02 1.71 2.69 0.88
Total Assets 163.91 113.27 94.30 78.91 18.30 15.62 14.65 15.39 13.45

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8.38 8.98 -6.29 -5.53 -24.90 2.68 0.58 1.34
-1.13 27.42 22.50 10.97 43.96 0.03 0.79 0.07
-7.88 -36.43 -16.14 -5.49 -19.02 -2.51 -1.68 -1.32
Net Cash Flow -0.63 -0.02 0.06 -0.06 0.03 0.19 -0.31 0.09

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 45.48 24.70 19.00 15.06 41.62 162.38 0.00 382.80
Inventory Days 151.91 144.15 271.59 98.79 12.31 0.00 0.00 0.00
Days Payable 53.72 14.30 45.84 38.97 30.53
Cash Conversion Cycle 143.67 154.54 244.74 74.89 23.40 162.38 0.00 382.80
Working Capital Days 52.87 82.37 97.86 92.89 -101.52 -944.11 -669.36 -1,222.60
ROCE % -11.04% -8.35% -14.54% -29.01% 9.35% 23.11% 25.12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93% 64.93%
35.07% 35.07% 35.07% 35.07% 35.07% 35.06% 35.07% 35.07% 35.06% 35.06% 35.07% 35.06%
No. of Shareholders 2,4002,3932,4212,4172,4422,4182,4152,4162,4292,4362,4292,415

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