Kesar Petroproducts Ltd

Kesar Petroproducts Limited is engaged in the business of manufacturing of Phthalocyanine Blue Crude and its downstream products in India. The Company's main products include Petroproducts and Chemicals.

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.86 times its book value
Promoter's stake has increased
Company has good consistent profit growth of 176.22% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 41.78%
Cons:
Though the company is reporting repeated profits, it is not paying out dividend

Peer Comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Figures in Rs. Crores

Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
33.05 35.43 41.12 41.12 43.83 47.25 42.60 42.59 45.17 47.46 49.74 39.01
29.88 29.60 33.82 34.99 37.80 40.45 32.67 32.23 34.09 40.64 46.36 37.82
Operating Profit 3.17 5.83 7.30 6.13 6.03 6.80 9.93 10.36 11.08 6.82 3.38 1.19
OPM % 9.59% 16.45% 17.75% 14.91% 13.76% 14.39% 23.31% 24.32% 24.53% 14.37% 6.80% 3.05%
Other Income 0.18 0.11 0.00 0.45 0.19 0.34 0.33 0.53 0.15 1.17 0.10 1.43
Interest 0.03 0.05 0.15 0.08 0.25 0.10 0.03 0.06 0.09 0.04 0.32 0.27
Depreciation 0.28 0.28 0.48 0.15 0.33 0.34 0.40 0.46 0.45 0.46 0.48 0.51
Profit before tax 3.04 5.61 6.67 6.35 5.64 6.70 9.83 10.37 10.69 7.49 2.68 1.84
Tax % 17.76% 18.00% 17.54% 18.90% 32.27% 16.27% 18.31% 20.15% 20.11% 24.17% 19.40% 75.00%
Net Profit 2.50 4.60 5.50 5.15 3.83 5.60 8.03 8.28 8.54 5.68 2.17 0.46
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
0 0 19 14 21 16 44 153 145 143 172 178 181
0 0 19 14 22 16 44 151 138 127 146 139 159
Operating Profit -0 -0 -0 0 -0 0 1 2 7 16 26 39 22
OPM % -1% 2% -1% 0% 1% 2% 5% 11% 15% 22% 12%
Other Income 0 0 0 0 0 0 0 0 0 0 1 2 3
Interest 2 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 3 0 0 0 0 0 0 0 1 1 1 2 2
Profit before tax -5 -0 -0 -0 -1 -0 0 2 7 15 25 38 23
Tax % -0% -0% -0% -0% -0% -0% 17% 21% 23% 18% 21% 20%
Net Profit -5 -0 -0 -0 -1 -0 0 2 5 12 20 31 17
EPS in Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.22 0.68 1.31 2.08 3.16
Dividend Payout % -0% -0% -0% -0% -0% -0% 0% 0% 14% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:32.05%
3 Years:7.07%
TTM:2.90%
Compounded Profit Growth
10 Years:%
5 Years:176.22%
3 Years:81.61%
TTM:-34.54%
Return on Equity
10 Years:32.84%
5 Years:40.78%
3 Years:41.78%
TTM:40.49%

Balance Sheet Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
27 27 7 7 7 7 7 7 7 9 10 10 10
Reserves -48 -25 1 1 1 0 1 2 7 28 50 81 112
Borrowings 45 1 5 11 6 6 6 6 7 9 5 0 0
0 5 0 9 0 0 14 38 69 49 62 63 37
Total Liabilities 23 8 13 29 14 14 28 54 90 96 127 154 158
18 8 9 9 9 8 8 10 37 36 39 43 44
CWIP 0 0 0 0 0 0 0 0 0 0 0 9 12
Investments 0 0 0 0 0 0 0 0 0 0 1 5 4
5 0 4 21 5 5 20 44 53 60 87 96 98
Total Assets 23 8 13 29 14 14 28 54 90 96 127 154 158

Cash Flows Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-3 1 -4 -7 6 -0 11 0 -10 -10 6 29
0 -0 -1 -0 -0 -0 0 -3 1 0 -4 -26
3 -1 6 7 -6 0 0 0 4 13 -3 -4
Net Cash Flow -0 0 0 0 -0 0 11 -3 -5 3 -1 -1

Ratios

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % -12% -1% -4% -0% -4% -3% 2% 15% 37% 44% 46% 50%
Debtor Days 0 402 0 3 37 39 40 36 61 50
Inventory Turnover 0.00 0.00 8.89 3.29 4.56 3.29 11.09 67.79 50.98 16.05 10.79 8.32