KKalpana Industries (India) Ltd

About [ edit ]

Kkalpana lndustries (India) is engaged in the manufacturing of Plastic Compounds.

  • Market Cap 267 Cr.
  • Current Price 28.4
  • High / Low 32.2 / 12.5
  • Stock P/E 10.2
  • Book Value 37.2
  • Dividend Yield 0.42 %
  • ROCE 17.0 %
  • ROE 9.43 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.76 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.57% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.56% for last 3 years.
  • Dividend payout has been low at 7.59% of profits over last 3 years
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
463.93 492.24 481.31 489.48 546.00 494.82 414.02 462.82 390.56 228.62 397.70 432.92
426.82 468.00 450.89 465.68 521.90 473.93 396.19 445.96 371.95 219.71 383.94 416.20
Operating Profit 37.11 24.24 30.42 23.80 24.10 20.89 17.83 16.86 18.61 8.91 13.76 16.72
OPM % 8.00% 4.92% 6.32% 4.86% 4.41% 4.22% 4.31% 3.64% 4.76% 3.90% 3.46% 3.86%
Other Income 2.34 4.24 -1.55 4.05 5.05 4.13 2.60 4.56 2.41 2.06 4.04 5.01
Interest 18.16 13.71 15.72 14.53 13.48 12.65 11.28 10.52 10.96 7.78 8.93 9.16
Depreciation 5.30 4.12 4.19 4.19 3.97 3.05 3.01 3.07 3.02 3.03 3.04 3.33
Profit before tax 15.99 10.65 8.96 9.13 11.70 9.32 6.14 7.83 7.04 0.16 5.83 9.24
Tax % 55.16% 35.02% 36.05% 42.39% 34.02% 35.09% 41.86% 39.59% -131.39% 62.50% 18.01% 45.24%
Net Profit 7.17 6.92 5.73 5.26 7.71 6.05 3.57 4.74 16.28 0.07 4.79 5.06
EPS in Rs 0.76 0.74 0.61 0.56 0.82 0.64 0.38 0.50 1.73 0.01 0.51 0.54

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
600 713 843 910 1,167 1,233 1,713 1,858 1,950 1,728 2,009 1,762 1,450
556 659 800 855 1,111 1,164 1,639 1,794 1,856 1,629 1,906 1,687 1,392
Operating Profit 43 55 43 55 56 69 74 64 94 99 103 75 58
OPM % 7% 8% 5% 6% 5% 6% 4% 3% 5% 6% 5% 4% 4%
Other Income 1 5 5 3 13 13 -9 19 11 8 12 13 14
Interest 14 15 13 17 26 39 36 51 54 55 57 45 37
Depreciation 4 6 7 9 12 15 21 14 13 17 16 12 12
Profit before tax 26 39 28 32 31 28 8 17 37 34 40 30 22
Tax % 18% 24% 31% 25% 35% 31% 45% 33% 30% 36% 37% -1%
Net Profit 22 30 19 24 20 19 4 11 26 22 26 31 26
EPS in Rs 3.78 5.17 2.07 2.58 2.12 2.07 0.47 1.21 2.79 2.34 2.72 3.26 2.79
Dividend Payout % 11% 8% 21% 17% 11% 12% 0% 0% 0% 10% 9% 4%
Compounded Sales Growth
10 Years:9%
5 Years:1%
3 Years:-3%
TTM:-24%
Compounded Profit Growth
10 Years:0%
5 Years:4%
3 Years:7%
TTM:19%
Stock Price CAGR
10 Years:5%
5 Years:2%
3 Years:-5%
1 Year:91%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:9%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
12 12 19 19 19 19 19 19 19 19 19 19 19
Reserves 60 98 162 181 198 212 213 224 255 277 300 327 331
Borrowings 122 137 166 225 390 468 459 363 351 224 137 102 61
66 69 72 113 120 123 121 172 197 316 348 258 267
Total Liabilities 259 315 417 538 727 821 812 779 822 836 804 706 677
52 74 96 111 208 180 168 206 224 244 256 247 245
CWIP 3 5 3 16 66 144 15 4 14 4 0 0 0
Investments 0 2 3 3 3 3 3 3 2 2 2 2 2
204 235 315 409 450 495 626 566 582 586 546 456 430
Total Assets 259 315 417 538 727 821 812 779 822 836 804 706 677

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4 3 -5 -6 22 44 132 87 83 204 172 84
-4 -13 -37 -32 -120 -70 -36 -4 -37 -21 -25 -1
2 12 49 38 103 24 -80 -92 -50 -182 -147 -85
Net Cash Flow 2 2 7 0 6 -2 16 -9 -3 1 0 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 23% 25% 14% 13% 11% 10% 10% 10% 15% 16% 20% 17%
Debtor Days 77 66 75 86 69 80 50 73 64 71 56 49
Inventory Turnover 13.83 13.23 11.18 9.71 9.92 8.51 11.80 14.60 12.79 9.31 11.41 10.09

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.63 73.63 74.23 74.84 74.84 74.84 74.84 74.84 74.84 74.84 74.84 74.84
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
26.36 26.36 25.76 25.16 25.16 25.16 25.15 25.16 25.16 25.16 25.16 25.16

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