KKalpana Industries (India) Ltd

KKalpana Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

KKalpana Industries (India) Ltd

₹ 10.3 0.00%
25 Apr 1:11 p.m.
kkalpanagroup.com BSE: 526409
About

Incorporated in 1977, Kkalpana Industries
Ltd manufactures and sells different grades
of plastic granules[1]

Key Points

Business Overview:[1]
Company started as a supplier of PVC Compound for the shoe & cable industries. It diversified by setting up units to manufacture specialty compounds like Silane and Preoxide XLPE, zero halogen FRLS, NBR/PVC, Anti Fibrillation, semi-conductive, automotive, cross-linkable EVA foam compounds, and additive masterbatches. It further diversified into manufacturing primary and secondary plasticizer and Engineering Plastic Compounds.

Website BSE
  • Market Cap ₹ 97.3 Cr.
  • Current Price ₹ 10.3
  • High / Low ₹ 16.7 / 8.54
  • Stock P/E 157
  • Book Value ₹ 3.80
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 5.48 %
  • Face Value ₹ 2.00
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Pros

  • Debtor days have improved from 54.0 to 20.3 days.
  • Company's working capital requirements have reduced from 61.7 days to 33.2 days

Cons

  • Stock is trading at 2.72 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -30.9% over past five years.
  • Company has a low return on equity of 5.06% over last 3 years.
  • Earnings include an other income of Rs.16.5 Cr.
  • Dividend payout has been low at 2.80% of profits over last 3 years

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
432.92 490.75 6.06 16.91 12.25 4.94 107.71 89.22 58.64 16.63 14.33 19.05 15.94
416.20 466.89 7.22 15.53 12.43 6.99 106.40 90.32 61.86 18.14 16.57 21.74 17.54
Operating Profit 16.72 23.86 -1.16 1.38 -0.18 -2.05 1.31 -1.10 -3.22 -1.51 -2.24 -2.69 -1.60
OPM % 3.86% 4.86% -19.14% 8.16% -1.47% -41.50% 1.22% -1.23% -5.49% -9.08% -15.63% -14.12% -10.04%
5.01 4.25 2.24 2.50 0.61 3.96 1.34 3.16 6.43 4.04 4.51 4.83 3.09
Interest 9.16 9.77 0.11 1.24 0.09 0.04 1.69 1.27 1.34 1.29 1.32 1.26 1.40
Depreciation 3.33 3.05 0.39 0.60 0.34 1.62 0.55 0.56 0.59 0.75 0.76 0.77 0.78
Profit before tax 9.24 15.29 0.58 2.04 0.00 0.25 0.41 0.23 1.28 0.49 0.19 0.11 -0.69
Tax % 45.24% 18.18% 96.55% 4.41% -1,236.00% 26.83% 82.61% 15.62% 2.04% 57.89% 72.73% -8.70%
5.06 12.50 0.01 1.95 0.00 3.34 0.30 0.04 1.09 0.48 0.07 0.02 -0.74
EPS in Rs 0.54 1.33 0.00 0.21 0.00 0.35 0.03 0.00 0.12 0.05 0.01 0.00 -0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
910.39 1,166.86 1,232.57 1,713.18 1,857.71 1,950.08 1,727.58 2,009.03 1,762.21 1,549.99 40.16 272.21 65.95
855.34 1,111.18 1,163.80 1,639.26 1,794.01 1,856.45 1,628.64 1,906.30 1,687.14 1,486.27 40.31 276.73 73.99
Operating Profit 55.05 55.68 68.77 73.92 63.70 93.63 98.94 102.73 75.07 63.72 -0.15 -4.52 -8.04
OPM % 6.05% 4.77% 5.58% 4.31% 3.43% 4.80% 5.73% 5.11% 4.26% 4.11% -0.37% -1.66% -12.19%
2.84 13.17 12.94 -8.83 18.87 10.81 8.08 11.61 12.82 14.89 6.31 14.97 16.47
Interest 16.86 26.34 38.54 35.79 51.05 53.98 55.27 57.44 45.41 35.64 0.34 5.59 5.27
Depreciation 8.84 11.89 15.08 21.23 14.49 13.14 17.26 16.47 12.15 12.45 2.95 2.46 3.06
Profit before tax 32.19 30.62 28.09 8.07 17.03 37.32 34.49 40.43 30.33 30.52 2.87 2.40 0.10
Tax % 24.70% 34.78% 30.65% 45.23% 33.06% 29.58% 36.33% 36.61% -1.06% 26.54% -84.32% 21.25%
24.24 19.97 19.48 4.41 11.39 26.28 21.97 25.62 30.64 22.41 5.30 1.90 -0.17
EPS in Rs 2.58 2.12 2.07 0.47 1.21 2.79 2.33 2.72 3.26 2.38 0.56 0.20 -0.02
Dividend Payout % 17.07% 11.30% 11.59% 0.00% 0.00% 0.00% 10.27% 8.81% 3.68% 8.39% 0.00% 0.00%
Compounded Sales Growth
10 Years: -14%
5 Years: -31%
3 Years: -46%
TTM: -75%
Compounded Profit Growth
10 Years: -21%
5 Years: -39%
3 Years: -61%
TTM: -87%
Stock Price CAGR
10 Years: 4%
5 Years: -7%
3 Years: -22%
1 Year: -10%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81 18.81
Reserves 180.89 198.07 212.10 213.19 224.47 255.19 276.99 299.72 327.47 348.88 14.82 16.88 16.98
225.10 389.69 467.72 458.73 363.37 351.05 224.31 137.12 101.81 109.55 23.06 49.50 47.80
113.38 120.25 122.83 121.35 172.21 197.00 316.20 348.07 257.76 363.83 15.61 11.81 12.69
Total Liabilities 538.18 726.82 821.46 812.08 778.86 822.05 836.31 803.72 705.85 841.07 72.30 97.00 96.28
110.78 208.22 179.95 167.62 206.03 224.14 244.25 255.83 247.29 240.45 43.95 46.94 45.86
CWIP 15.96 66.10 143.54 15.45 3.73 14.01 4.10 0.00 0.00 0.00 0.09 0.00 0.12
Investments 2.54 2.54 2.54 2.54 2.61 2.36 2.36 2.37 2.37 2.36 2.88 3.09 1.09
408.90 449.96 495.43 626.47 566.49 581.54 585.60 545.52 456.19 598.26 25.38 46.97 49.21
Total Assets 538.18 726.82 821.46 812.08 778.86 822.05 836.31 803.72 705.85 841.07 72.30 97.00 96.28

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6.17 22.48 44.48 131.84 87.33 83.30 204.11 171.89 83.92 28.18 4.96 -4.16
-31.55 -119.89 -70.37 -35.59 -4.37 -36.82 -21.15 -24.57 -0.80 -4.81 -4.94 -6.09
38.19 102.92 23.97 -80.24 -91.72 -49.69 -181.67 -147.28 -84.93 -30.73 -0.04 20.79
Net Cash Flow 0.47 5.51 -1.92 16.01 -8.77 -3.21 1.29 0.04 -1.81 -7.36 -0.03 10.53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 86.50 69.42 80.09 50.40 73.45 63.59 70.78 56.38 49.40 66.00 75.71 20.29
Inventory Days 41.26 43.80 45.56 30.85 22.06 36.61 37.57 32.68 36.31 62.09 111.09 11.00
Days Payable 30.84 26.78 28.81 14.43 29.52 31.06 64.77 60.32 49.15 86.76 37.74 1.49
Cash Conversion Cycle 96.92 86.44 96.84 66.82 65.98 69.13 43.59 28.74 36.56 41.33 149.05 29.80
Working Capital Days 93.16 79.78 93.67 85.09 70.04 68.65 53.96 34.53 39.52 59.38 92.61 33.21
ROCE % 12.73% 11.06% 10.22% 9.90% 9.74% 14.64% 15.70% 20.10% 16.96% 14.40% 1.20% 11.25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.85% 74.85%
25.16% 25.16% 25.16% 25.16% 25.16% 25.15% 25.15% 25.16% 25.15% 25.16% 25.15% 25.14%
No. of Shareholders 6,0736,4676,4889,83913,23112,68612,28112,05311,71311,96311,78812,173

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