Kushal Ltd

₹ 2.36 4.89%
05 Dec - close price
About

Incorporated in 2000, Kushal Ltd is in the business of Manufacturing of Paper and Paper Products, Trading and Selling of various kinds of Merchandises

Key Points

Business Overview:[1]
Company is an SME which supplies coal, agricultural products, drug APIs, textile & readymade garments, paper & paper products, base oils, electronic items & accessories, steel products, capital goods, and infrastructure support by building homes in Ahmedabad.

  • Market Cap 58.4 Cr.
  • Current Price 2.36
  • High / Low 9.36 / 1.94
  • Stock P/E
  • Book Value 45.7
  • Dividend Yield 0.00 %
  • ROCE -7.36 %
  • ROE -7.91 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.05 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -52.2% over past five years.
  • Company has a low return on equity of -2.44% over last 3 years.
  • Company has high debtors of 557 days.

* 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: Paper Industry: Paper

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
35.38 128.23 58.98 556.06 39.06 26.80 3.58 3.74 1.63 -0.53 0.00 0.19 0.00
32.13 124.27 55.59 510.13 33.21 110.15 3.47 3.59 88.61 5.85 0.06 0.08 0.05
Operating Profit 3.25 3.96 3.39 45.93 5.85 -83.35 0.11 0.15 -86.98 -6.38 -0.06 0.11 -0.05
OPM % 9.19% 3.09% 5.75% 8.26% 14.98% -311.01% 3.07% 4.01% -5,336.20% 57.89%
1.45 1.86 0.20 0.13 0.28 1.88 0.00 0.03 0.00 -0.03 0.00 0.00 0.00
Interest 0.15 2.65 1.57 1.58 1.38 0.85 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Depreciation 0.12 2.23 1.89 1.90 1.94 3.72 0.04 0.07 0.03 -0.15 0.00 0.00 0.00
Profit before tax 4.43 0.94 0.13 42.58 2.81 -86.04 0.07 0.10 -87.01 -6.26 -0.06 0.11 -0.05
Tax % 36.34% -343.62% 7.69% 1.57% 59.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 2.81 4.17 0.11 41.90 1.15 -86.04 0.07 0.10 -87.02 -6.26 -0.06 0.11 -0.05
EPS in Rs 0.12 0.17 0.00 1.69 0.05 -3.48 0.00 0.00 -3.52 -0.25 -0.00 0.00 -0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
94.62 112.51 185.12 246.03 300.50 263.71 338.64 384.22 1,006.61 358.29 180.56 8.42 -0.34
91.77 108.48 178.33 233.41 283.93 248.26 322.24 373.10 990.27 333.44 162.94 101.52 6.04
Operating Profit 2.85 4.03 6.79 12.62 16.57 15.45 16.40 11.12 16.34 24.85 17.62 -93.10 -6.38
OPM % 3.01% 3.58% 3.67% 5.13% 5.51% 5.86% 4.84% 2.89% 1.62% 6.94% 9.76% -1,105.70% 1,876.47%
0.48 0.48 0.61 -0.03 0.32 0.66 19.11 69.74 24.36 2.93 -83.20 0.00 -0.03
Interest 2.08 2.92 5.08 6.28 9.64 8.38 6.71 0.67 5.06 6.08 5.38 0.01 0.00
Depreciation 0.15 0.20 0.21 0.24 0.34 0.52 0.63 0.61 0.56 7.45 9.46 0.00 -0.15
Profit before tax 1.10 1.39 2.11 6.07 6.91 7.21 28.17 79.58 35.08 14.25 -80.42 -93.11 -6.26
Tax % 32.73% 31.65% 34.12% 32.78% 31.84% 35.09% 26.98% 19.84% 20.98% 6.60% 0.00% 0.00%
Net Profit 0.74 0.95 1.39 4.09 4.70 4.67 20.58 63.78 27.71 13.31 -80.41 -93.11 -6.26
EPS in Rs 0.09 0.26 0.20 0.20 0.87 2.69 1.17 0.54 -3.25 -3.76 -0.25
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 115.31% 44.64% 70.21% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -23%
5 Years: -52%
3 Years: -80%
TTM: -101%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 96%
Stock Price CAGR
10 Years: %
5 Years: -56%
3 Years: -35%
1 Year: -33%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: -2%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
8.78 8.78 15.80 15.80 23.73 23.73 23.73 47.45 47.45 67.33 67.42 67.42 67.42
Reserves 6.09 7.04 1.41 5.50 30.02 34.70 31.55 50.25 51.86 1,249.14 1,156.82 1,063.71 1,063.76
22.58 32.16 42.25 49.64 71.59 61.57 38.76 0.00 13.00 115.91 99.54 75.00 75.00
8.13 8.53 9.89 19.28 13.88 12.70 17.06 97.80 380.11 470.48 342.07 292.85 292.99
Total Liabilities 45.58 56.51 69.35 90.22 139.22 132.70 111.10 195.50 492.42 1,885.04 1,665.85 1,498.98 1,499.17
3.20 3.12 2.99 3.41 3.83 16.63 16.05 17.98 16.59 1,632.11 1,516.33 1,471.05 1,471.05
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.15 0.15 0.15 0.15 2.90 3.28 3.53 1.08 1.08 1.34 0.41 0.41 0.41
42.23 53.24 66.21 86.66 132.49 112.79 91.52 176.44 474.75 251.59 149.11 27.52 27.71
Total Assets 45.58 56.51 69.35 90.22 139.22 132.70 111.10 195.50 492.42 1,885.04 1,665.85 1,498.98 1,499.17

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2.59 1.64 1.70 2.71 -2.98 28.59 36.50 -6.30 22.32 -273.50 147.74 16.27
-2.85 0.43 -2.89 2.16 -6.96 -10.30 19.83 69.37 -9.44 30.78 -35.85 0.00
2.36 -4.63 1.03 -5.05 9.95 -18.35 -52.84 -60.79 -18.15 247.06 -115.55 -17.08
Net Cash Flow 2.10 -2.56 -0.16 -0.18 0.01 -0.06 3.50 2.28 -5.28 4.34 -3.66 -0.81

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 117.15 126.59 94.11 103.67 123.24 113.04 65.47 99.97 124.42 90.49 21.81 557.47
Inventory Days 16.14 27.32 19.90 12.13 8.48 14.86 2.61 4.53 2.12 162.02 304.07 0.00
Days Payable 28.22 25.12 15.10 26.33 7.09 14.44 10.00 90.81 134.51 173.92 42.20
Cash Conversion Cycle 105.07 128.79 98.91 89.47 124.62 113.46 58.07 13.69 -7.97 78.60 283.68 557.47
Working Capital Days 111.48 138.10 101.60 96.19 127.63 120.36 67.95 67.12 21.98 -53.38 -74.27 -4,819.99
ROCE % 10.71% 10.09% 13.38% 19.00% 16.86% 12.74% 32.67% 83.79% 37.97% 2.48% 0.64% -7.36%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
65.69 65.69 65.69 65.69 65.69 65.69 65.69 65.69 65.69 65.69 65.69 65.69
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
34.29 34.31 34.31 34.31 34.31 34.31 34.31 34.31 34.31 34.31 34.31 34.31

* 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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