Kesar Petroproducts Ltd

Kesar Petroproducts Ltd

₹ 8.55 -3.17%
28 Mar - close price
About

Incorporated in 1990, Kesar Petroproducts Ltd manufactures and markets Organic Chemicals and Pigments[1]

Key Points

Business Overview:[1][2]
Company is a manufacturer of Phthalocyanine Blue Crude range of pigments, dye intermediates and its downstream products in India and contribute up to 15% of the entire Copper Phthalocyanine market of India. It has a global presence in 15 countries

Product Profile:
a) Pigment:[3] CPC Crude Blue, CPC Crude Blue Activated, Alpha Blue 15.0, Alpha Blue 15.1, Beta Blue 15.3, Pigment Green 7
b) Naphthalene Intermediates:[4] Sulphonated Naphthalene, Nitro Naphthalene, Amino Naphthalene

  • Market Cap 82.6 Cr.
  • Current Price 8.55
  • High / Low 14.2 / 4.55
  • Stock P/E 47.0
  • Book Value 12.4
  • Dividend Yield 0.00 %
  • ROCE 1.31 %
  • ROE 0.39 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.69 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -7.56% over past five years.
  • Company has a low return on equity of 1.15% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.5.97 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

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
33.16 42.25 40.49 41.58 46.56 24.47 46.94 21.17 20.59 31.25 32.61 30.90 35.77
31.39 40.62 39.08 38.99 44.48 22.50 45.22 19.74 19.00 29.42 31.84 29.75 37.36
Operating Profit 1.77 1.63 1.41 2.59 2.08 1.97 1.72 1.43 1.59 1.83 0.77 1.15 -1.59
OPM % 5.34% 3.86% 3.48% 6.23% 4.47% 8.05% 3.66% 6.75% 7.72% 5.86% 2.36% 3.72% -4.45%
0.16 0.34 0.53 0.51 0.28 -0.15 0.44 0.35 0.33 0.37 0.42 0.53 4.65
Interest 0.02 0.17 0.06 0.03 0.02 0.14 0.22 0.13 0.16 0.54 0.42 0.28 0.30
Depreciation 1.50 1.52 1.50 1.51 1.50 1.51 1.50 1.51 1.51 1.51 0.68 0.88 0.79
Profit before tax 0.41 0.28 0.38 1.56 0.84 0.17 0.44 0.14 0.25 0.15 0.09 0.52 1.97
Tax % -0.00% 75.00% -0.00% -0.00% -0.00% 170.59% 25.00% 28.57% 20.00% 206.67% 33.33% 25.00% 25.38%
0.41 0.08 0.38 1.56 0.84 -0.12 0.33 0.10 0.20 -0.16 0.06 0.39 1.47
EPS in Rs 0.04 0.01 0.04 0.16 0.09 -0.01 0.03 0.01 0.02 -0.02 0.01 0.04 0.15
Raw PDF

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
16 44 153 145 143 172 178 154 130 124 153 120 131
16 44 151 138 127 146 139 149 127 118 145 113 128
Operating Profit 0 1 2 7 16 26 39 6 3 6 8 7 2
OPM % 0% 1% 2% 5% 11% 15% 22% 4% 2% 5% 5% 5% 2%
-0 0 0 0 0 1 2 1 1 1 1 1 6
Interest -0 -0 0 0 0 1 1 2 1 0 0 1 2
Depreciation 0 0 0 1 1 1 2 5 5 6 6 6 4
Profit before tax -0 0 2 7 15 25 38 0 -3 1 3 1 3
Tax % -0% 17% 21% 23% 18% 21% 20% 197% 3% 30% 10% 52%
-0 0 2 5 12 20 31 -0 -3 0 3 0 2
EPS in Rs -0.05 0.03 0.23 0.70 1.31 2.08 3.16 -0.03 -0.27 0.05 0.28 0.05 0.18
Dividend Payout % -0% -0% -0% 14% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 10%
5 Years: -8%
3 Years: -3%
TTM: 15%
Compounded Profit Growth
10 Years: 9%
5 Years: -57%
3 Years: 30%
TTM: 245%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: 18%
1 Year: 76%
Return on Equity
10 Years: 8%
5 Years: 0%
3 Years: 1%
Last Year: 0%

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 7 7 7 7 9 10 10 10 10 10 10 10 10
Reserves 0 1 2 35 57 79 109 109 106 107 109 110 110
6 6 6 7 9 5 0 8 8 16 21 50 66
0 14 38 41 20 34 35 21 28 20 19 18 18
Total Liabilities 14 28 54 90 96 127 154 147 152 152 158 188 204
8 8 10 37 36 39 43 43 41 51 49 47 46
CWIP -0 -0 -0 -0 -0 0 9 13 13 3 11 46 54
Investments -0 -0 -0 -0 -0 1 5 8 30 37 23 23 18
5 20 44 53 60 87 96 83 68 62 75 71 86
Total Assets 14 28 54 90 96 127 154 147 152 152 158 188 204

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
-0 11 0 -10 -10 6 29 -1 30 5 -6 33
-0 -0 -3 1 0 -4 -26 -10 -22 -8 -9 -42
0 -0 -0 4 13 -3 -4 6 1 7 3 13
Net Cash Flow 0 11 -3 -5 3 -1 -1 -5 9 4 -12 3

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 3 37 39 40 36 61 50 52 72 71 45 64
Inventory Days 112 27 4 13 45 57 76 67 70 51 48 83
Days Payable 0 112 100 105 59 90 84 56 91 67 51 64
Cash Conversion Cycle 114 -47 -57 -52 23 28 43 62 51 55 43 84
Working Capital Days 118 -46 -7 31 85 99 90 116 58 61 93 84
ROCE % -3% 2% 15% 21% 24% 31% 37% 2% -1% 1% 2% 1%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85% 63.85%
0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
36.13% 36.13% 36.13% 36.13% 36.14% 36.14% 36.13% 36.14% 36.14% 36.13% 36.14% 36.14%
No. of Shareholders 36,62236,56336,43536,43536,27336,26836,25536,24835,99335,90835,56537,742

* 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.

Click on the line-items to see the names of individual entities.

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