KKalpana Industries (India) Ltd
Incorporated in 1977, Kkalpana Industries
Ltd manufactures and sells different grades
of plastic granules[1]
- Market Cap ₹ 96.0 Cr.
- Current Price ₹ 10.2
- High / Low ₹ 16.7 / 8.54
- Stock P/E 480
- Book Value ₹ 3.73
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 4.39 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 54.0 to 20.3 days.
- Company's working capital requirements have reduced from 62.0 days to 33.4 days
Cons
- Stock is trading at 2.78 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 -30.8% over past five years.
- Company has a low return on equity of 5.15% over last 3 years.
- Earnings include an other income of Rs.17.1 Cr.
- Dividend payout has been low at 2.63% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 1,857.71 | 1,950.08 | 1,718.03 | 1,982.53 | 1,744.70 | 1,550.05 | 40.16 | 272.21 | 65.95 | |
| 1,794.01 | 1,856.67 | 1,620.77 | 1,876.97 | 1,669.16 | 1,486.63 | 40.59 | 277.13 | 74.20 | |
| Operating Profit | 63.70 | 93.41 | 97.26 | 105.56 | 75.54 | 63.42 | -0.43 | -4.92 | -8.25 |
| OPM % | 3.43% | 4.79% | 5.66% | 5.32% | 4.33% | 4.09% | -1.07% | -1.81% | -12.51% |
| 18.87 | 10.82 | 8.13 | 12.08 | 11.84 | 16.63 | 6.31 | 14.98 | 17.06 | |
| Interest | 51.05 | 53.99 | 55.27 | 59.94 | 45.42 | 35.64 | 0.34 | 5.59 | 5.27 |
| Depreciation | 14.49 | 13.15 | 17.33 | 16.67 | 12.22 | 12.47 | 2.95 | 2.46 | 3.06 |
| Profit before tax | 17.03 | 37.09 | 32.79 | 41.03 | 29.74 | 31.94 | 2.59 | 2.01 | 0.48 |
| Tax % | 33.06% | 29.77% | 38.21% | 36.58% | -1.65% | 25.36% | -93.44% | 25.37% | |
| 11.39 | 26.06 | 20.27 | 26.01 | 30.22 | 23.84 | 5.02 | 1.51 | 0.20 | |
| EPS in Rs | 1.21 | 2.77 | 2.17 | 2.77 | 3.21 | 2.53 | 0.53 | 0.16 | 0.02 |
| Dividend Payout % | 0.00% | 0.00% | 11.04% | 8.67% | 3.73% | 7.89% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -31% |
| 3 Years: | -46% |
| TTM: | -75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -41% |
| 3 Years: | -63% |
| TTM: | -95% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -7% |
| 3 Years: | -22% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 4% |
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 | 18.81 | 18.81 | 18.81 | 18.81 | 18.81 | 18.81 | 18.81 | 18.81 | 18.81 |
| Reserves | 224.47 | 255.51 | 275.77 | 298.92 | 326.25 | 349.10 | 14.76 | 16.45 | 16.25 |
| 363.37 | 351.05 | 224.31 | 137.12 | 101.81 | 109.55 | 23.06 | 49.50 | 47.80 | |
| 172.21 | 197.02 | 316.44 | 349.38 | 257.80 | 364.11 | 15.79 | 11.81 | 12.71 | |
| Total Liabilities | 778.86 | 822.39 | 835.33 | 804.23 | 704.67 | 841.57 | 72.42 | 96.57 | 95.57 |
| 206.03 | 224.74 | 246.71 | 259.37 | 248.19 | 240.45 | 43.95 | 46.94 | 45.86 | |
| CWIP | 3.73 | 14.01 | 4.10 | 0.24 | 0.00 | 0.00 | 0.09 | 0.00 | 0.12 |
| Investments | 2.61 | 2.35 | 2.39 | 2.42 | 2.42 | 2.46 | 2.43 | 2.26 | 0.00 |
| 566.49 | 581.29 | 582.13 | 542.20 | 454.06 | 598.66 | 25.95 | 47.37 | 49.59 | |
| Total Assets | 778.86 | 822.39 | 835.33 | 804.23 | 704.67 | 841.57 | 72.42 | 96.57 | 95.57 |
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 | |
|---|---|---|---|---|---|---|---|---|
| 87.33 | 83.32 | 199.22 | 177.55 | 79.28 | 27.99 | 4.52 | -4.39 | |
| -4.37 | -36.81 | -23.07 | -25.90 | 2.03 | -4.50 | -4.42 | -5.88 | |
| -91.72 | -49.60 | -174.99 | -149.79 | -84.94 | -30.73 | -0.04 | 20.79 | |
| Net Cash Flow | -8.77 | -3.09 | 1.16 | 1.86 | -3.64 | -7.25 | 0.06 | 10.52 |
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 | 73.45 | 63.59 | 70.87 | 55.48 | 47.88 | 65.99 | 75.71 | 20.29 |
| Inventory Days | 22.06 | 36.61 | 38.69 | 34.48 | 36.82 | 62.09 | 111.09 | 11.00 |
| Days Payable | 29.52 | 31.07 | 65.25 | 61.67 | 49.86 | 86.83 | 40.32 | 1.49 |
| Cash Conversion Cycle | 65.98 | 69.13 | 44.31 | 28.29 | 34.85 | 41.26 | 146.48 | 29.80 |
| Working Capital Days | 70.04 | 68.50 | 53.15 | 33.73 | 39.39 | 59.36 | 93.43 | 33.35 |
| ROCE % | 14.60% | 15.41% | 20.79% | 16.87% | 14.65% | 1.10% | 10.74% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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.