GKW Ltd

GKW Ltd

₹ 2,302 10.00%
12 Apr 4:05 p.m.
About

GKW Limited, incorporated in 1931, is engaged in the businesses of ‘Warehousing’ and ‘Investment and Treasury’. Warehousing consists of leasing out warehousing space and Investment and Treasury operations include investment in bank deposits, equity instruments, bonds and mutual funds. Its parent company is Matrix Commercial Private Limited. [1]

Key Points

Revenue Split
Warehousing services: ~40% in FY22 v/s 22% in FY21
Investment and Treasury: 60% in FY22 v/s 78% in FY21 [1]

  • Market Cap 1,374 Cr.
  • Current Price 2,302
  • High / Low 2,302 / 513
  • Stock P/E 76.6
  • Book Value 3,850
  • Dividend Yield 0.00 %
  • ROCE 0.57 %
  • ROE 0.39 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.29% 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: Finance Industry: Finance & Investments

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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
14.67 5.48 6.28 9.77 3.91 4.00 0.18 11.49 5.90 2.76 9.30 11.49 10.13
1.55 1.42 1.83 1.45 1.26 1.73 1.52 1.47 1.79 1.99 4.25 2.03 2.10
Operating Profit 13.12 4.06 4.45 8.32 2.65 2.27 -1.34 10.02 4.11 0.77 5.05 9.46 8.03
OPM % 89.43% 74.09% 70.86% 85.16% 67.77% 56.75% -744.44% 87.21% 69.66% 27.90% 54.30% 82.33% 79.27%
0.13 0.41 0.01 0.01 0.08 0.28 0.11 0.01 0.01 0.23 0.15 0.09 0.07
Interest 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.25 0.20 0.22 0.23 0.23 0.24 0.25 0.24 0.26 0.25 0.26 0.27 0.30
Profit before tax 12.97 4.26 4.24 8.10 2.50 2.31 -1.48 9.79 3.86 0.75 4.94 9.28 7.80
Tax % 13.11% 13.85% 17.92% 20.62% 36.40% 17.75% -20.27% 24.92% 22.54% 73.33% 14.37% 23.60% 17.82%
11.27 3.67 3.47 6.43 1.59 1.91 -1.77 7.36 2.99 0.20 4.23 7.09 6.41
EPS in Rs 18.78 6.12 5.78 10.72 2.65 3.18 -2.95 12.27 4.98 0.33 7.05 11.82 10.68
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
33 37 17 5 12 17 18 30 11 39 24 20 34
33 31 19 11 9 10 9 10 9 8 6 7 10
Operating Profit -0 5 -2 -6 3 7 9 21 2 31 18 14 23
OPM % -1% 15% -11% -115% 22% 44% 48% 68% 21% 80% 74% 67% 69%
15 11 7 8 9 0 1 0 1 2 0 0 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 0 0 0 0 1 1 1 1 1 1
Profit before tax 14 16 4 2 12 8 9 20 2 32 17 13 23
Tax % 2% 22% 15% 36% 5% 17% 5% 2% -70% 14% 22% 32%
14 12 4 1 11 6 8 20 3 27 13 9 18
EPS in Rs 22.90 20.45 6.18 1.77 18.53 10.47 13.82 33.13 4.37 45.45 22.33 14.62 29.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: 3%
3 Years: 23%
TTM: 56%
Compounded Profit Growth
10 Years: -3%
5 Years: 1%
3 Years: 50%
TTM: 71%
Stock Price CAGR
10 Years: 18%
5 Years: 22%
3 Years: 58%
1 Year: 288%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 1%
Last Year: 0%

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 69 81 85 85 96 119 373 280 154 336 2,288 2,201 2,304
0 0 0 0 0 0 0 0 1 0 0 0 0
11 13 11 12 17 16 16 16 14 13 593 596 598
Total Liabilities 86 100 102 102 118 141 395 303 176 355 2,888 2,803 2,908
7 6 7 6 7 9 12 13 16 16 2,550 2,552 2,553
CWIP 0 0 0 1 11 0 0 0 1 1 1 1 1
Investments 22 25 25 31 56 82 351 273 129 260 281 185 283
56 69 70 65 45 50 32 16 29 78 56 65 70
Total Assets 86 100 102 102 118 141 395 303 176 355 2,888 2,803 2,908

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
-25 13 -3 -4 6 0 1 -11 -9 2 0 2
-9 0 -7 5 -7 -2 -0 10 11 -2 -1 -3
0 0 0 0 0 0 0 0 -0 -0 -0 -0
Net Cash Flow -33 13 -9 1 -1 -2 1 -1 2 -0 -1 -1

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 56 19 27 143 11 2 3 2 0 1 0 0
Inventory Days 49 28 32
Days Payable 56 36 45
Cash Conversion Cycle 48 11 14 143 11 2 3 2 0 1 0 0
Working Capital Days 8 -56 -123 -383 -372 -307 -293 -172 -412 -91 -165 -207
ROCE % 9% 19% 5% 2% 12% 7% 3% 6% 1% 12% 1% 1%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 60.02% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10%
4.93% 4.93% 4.90% 4.90% 4.89% 4.90% 1.81% 1.81% 1.81% 1.26% 1.26% 1.26%
20.07% 20.07% 35.08% 20.10% 20.10% 20.10% 20.10% 20.10% 20.10% 20.64% 20.64% 20.64%
No. of Shareholders 23,72423,54723,57723,84023,66523,62423,40423,22823,15422,89722,39022,665

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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