Kallam Textiles Ltd

₹ 12.0 4.69%
05 Dec 4:01 p.m.
About

Kallam Textiles Ltd is engaged in the business of Manufacturing of Cotton Yarn, Dyed Yarn, Grey Fabric and Dyed Fabric. The company is also engaged in the business of generation of electricity through Hydel and solar energy. [1]

Key Points

Products
The Co’s product range includes Ring Spun combed yarn, TFO ring spun yarn, Open End yarn, BCI certified yarn and woven fabric such as yarn dyed shirting and bottom weight fabric. Its yarn dyed shirting includes cotton range and blended products also. [1]

Clients
Major domestic corporate clients of the Co include Universal Cottex, Gimatex Industries Limited, Jakharia Fabrics etc. [2]

Revenue Split
Spinning: 56% in FY21 vs 49% in FY20. Weaving: 38% in FY21 vs 40% in FY20. Dyeing: 5% in FY21 vs 10% in FY20. Solar Power & Hydel: 1% in FY21 vs 1% in FY20. [3]

<pre><code> **Manufacturing Facilities** </code></pre>

Ginning, Spinning & Open End Division: The Co’s Ginning, Spinning and Open End plants are located at Guntur, Andhra Pradesh. The Ginning Division has a capacity to press 6,000 bales per month. Ring Spinning Division has a production capacity of 420 tons per month whereas Open end Division has a capacity of 500 tons per month.
Weaving & Dyeing Division: The Co’s weaving and dyeing divisions are located at Kunkupadu, Andhra Pradesh. The Weaving division has production capacity of 248 looms whereas the dyeing division has a capacity of 3,000 kgs per day. [2]

Exports
The Co exports its products to Paramount Textiles Limited in Bangladesh, Zhejiang Zhongda Group International Trading Co. and Xiamen ITG Group Co. Ltd. in China. Exports contribute about 30% of the company revenue. [4][2]

  • Market Cap 63.6 Cr.
  • Current Price 12.0
  • High / Low 23.3 / 9.85
  • Stock P/E 31.7
  • Book Value 40.6
  • Dividend Yield 1.66 %
  • ROCE 10.6 %
  • ROE 6.14 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.30 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 24.8 to 18.9 days.
  • Company's working capital requirements have reduced from 175 days to 128 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.33% over past five years.
  • Company has a low return on equity of -1.19% 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
60 80 78 26 44 73 98 89 112 128 122 115 102
54 75 78 33 37 65 80 76 93 109 103 98 105
Operating Profit 6 5 1 -8 7 8 17 13 20 19 20 16 -2
OPM % 10% 6% 1% -30% 16% 12% 18% 15% 18% 15% 16% 14% -2%
0 0 1 0 0 0 1 -1 0 0 0 0 -2
Interest 6 6 6 6 6 6 7 8 9 9 8 8 7
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax -4 -5 -9 -17 -3 -1 8 0 7 7 8 5 -15
Tax % 28% 30% 8% 33% 31% 21% 17% -2,736% 80% 48% 51% 36% 31%
Net Profit -3 -3 -8 -11 -2 -1 6 3 2 3 4 3 -10
EPS in Rs -0.48 -0.62 -1.58 -2.16 -0.38 -0.14 1.19 0.59 0.29 0.65 0.71 0.62 -1.96
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
136 152 183 215 244 269 289 313 311 292 241 451 467
104 136 150 176 210 224 233 257 264 271 215 379 414
Operating Profit 32 16 33 39 34 45 56 56 47 21 25 72 53
OPM % 23% 10% 18% 18% 14% 17% 19% 18% 15% 7% 10% 16% 11%
2 4 0 5 7 7 1 1 1 2 2 -0 -1
Interest 7 12 14 15 23 28 22 22 21 24 25 34 32
Depreciation 6 7 8 8 10 13 14 14 16 16 15 16 16
Profit before tax 20 0 12 21 8 11 21 21 12 -17 -13 22 4
Tax % 30% -408% 47% 31% -18% 44% 40% 26% 44% 29% 41% 46%
Net Profit 14 1 6 15 9 6 13 16 7 -12 -8 12 0
EPS in Rs 2.66 0.11 1.17 2.79 1.80 1.13 2.42 2.97 1.26 -2.29 -1.50 2.24 0.02
Dividend Payout % 9% -0% -0% 6% 7% 12% 5% 5% 13% -0% -0% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 13%
TTM: 25%
Compounded Profit Growth
10 Years: 62%
5 Years: 0%
3 Years: 24%
TTM: -83%
Stock Price CAGR
10 Years: 9%
5 Years: -11%
3 Years: 17%
1 Year: -19%
Return on Equity
10 Years: 5%
5 Years: 1%
3 Years: -1%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
7 7 7 7 7 7 7 9 9 9 9 9 11
Reserves 32 33 40 54 63 68 140 204 210 197 190 203 204
130 145 144 273 286 307 329 317 318 315 350 310 292
24 25 32 43 48 54 44 61 59 66 49 54 52
Total Liabilities 193 209 223 377 403 435 520 591 595 587 598 575 558
113 125 128 127 270 296 357 416 409 394 394 378 371
CWIP 0 6 21 152 27 5 4 6 2 12 3 11 13
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 0 0
80 78 75 98 106 135 158 169 184 181 201 186 174
Total Assets 193 209 223 377 403 435 520 591 595 587 598 575 558

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 22 38 25 29 22 14 45 25 39 -3 101
-21 -24 -24 -139 -28 -16 -13 -11 -4 -11 -5 -8
21 1 -13 114 -2 -7 -0 -34 -21 -28 10 -96
Net Cash Flow 0 -0 1 0 -0 -1 1 -0 -0 -0 3 -4

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 35 21 13 12 18 33 39 27 26 27 29 19
Inventory Days 219 164 140 163 142 198 218 204 215 180 247 150
Days Payable 7 3 5 25 13 15 7 18 14 33 20 7
Cash Conversion Cycle 247 183 148 150 147 216 250 212 227 174 256 162
Working Capital Days 152 122 70 82 88 118 141 133 149 138 260 128
ROCE % 19% 7% 15% 14% 9% 11% 10% 9% 6% 1% 2% 11%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
52.83 52.83 52.83 52.83 52.83 52.83 52.23 52.67 52.86 52.69 52.69 52.82
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17
0.16 0.15 0.15 0.15 0.15 0.15 0.14 0.15 0.15 0.15 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 1.14 0.00 0.00 0.00 0.00 0.00
47.01 47.03 47.03 47.03 47.03 47.03 46.49 47.18 47.00 47.16 47.31 47.01

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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