Kamdhenu Ltd

Kamdhenu Ltd

₹ 543 0.30%
21 Jun - close price
About

Incorporated in 1994, Kamdhenu Ltd. is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products under the brand name “KAMDHENU”. [1]

Key Points

Leadership[1]

<h1>India’s Largest branded TMT BAR player in the retail segment.</h1>
  • Market Cap 1,462 Cr.
  • Current Price 543
  • High / Low 670 / 260
  • Stock P/E 29.2
  • Book Value 79.2
  • Dividend Yield 0.28 %
  • ROCE 32.9 %
  • ROE 24.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 63.1 to 27.5 days.

Cons

  • The company has delivered a poor sales growth of -10.1% over past five years.
  • Promoter holding has decreased over last 3 years: -5.55%

* 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
222 113 153 149 185 191 191 183 167 209 185 155 176
202 104 142 138 166 176 179 166 152 193 172 141 160
Operating Profit 20 9 11 11 19 15 12 17 15 16 13 14 16
OPM % 9% 8% 7% 7% 10% 8% 6% 9% 9% 8% 7% 9% 9%
-10 1 2 2 -8 0 0 1 1 2 2 2 8
Interest 3 1 1 1 1 1 0 0 0 0 0 0 0
Depreciation 2 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 6 8 11 10 8 14 11 16 14 16 14 15 22
Tax % 29% 27% 25% 24% 34% 26% 24% 25% 25% 26% 25% 26% 25%
4 6 8 8 5 10 8 12 11 12 10 11 17
EPS in Rs 1.46 2.07 2.97 2.86 2.03 3.73 3.06 4.47 4.00 4.48 3.78 4.14 6.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
548 922 968 841 825 1,180 1,232 924 625 600 732 725
526 896 938 809 792 1,136 1,179 879 575 545 672 666
Operating Profit 22 26 30 32 33 44 54 45 50 55 60 59
OPM % 4% 3% 3% 4% 4% 4% 4% 5% 8% 9% 8% 8%
1 -0 0 0 1 1 0 -25 -7 -10 2 14
Interest 11 12 13 15 14 13 12 12 14 4 2 1
Depreciation 4 5 5 5 8 8 7 8 9 5 5 5
Profit before tax 7 9 12 12 12 24 35 -0 21 37 55 67
Tax % 27% 36% 33% 34% 31% 36% 36% 518% 28% 27% 25% 25%
5 6 8 8 8 16 22 2 15 27 41 50
EPS in Rs 2.06 2.54 3.43 3.48 3.46 6.70 8.51 0.71 5.61 9.94 15.25 18.64
Dividend Payout % 0% 0% 20% 20% 23% 15% 12% 71% 14% 10% 10% 11%
Compounded Sales Growth
10 Years: -2%
5 Years: -10%
3 Years: 5%
TTM: -1%
Compounded Profit Growth
10 Years: 23%
5 Years: 17%
3 Years: 31%
TTM: 22%
Stock Price CAGR
10 Years: 43%
5 Years: 45%
3 Years: 88%
1 Year: 74%
Return on Equity
10 Years: 15%
5 Years: 17%
3 Years: 19%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23 23 23 23 23 23 26 27 27 27 27 27
Reserves 65 71 76 82 92 105 155 154 168 197 140 186
77 87 99 108 106 88 88 127 100 94 4 3
102 88 85 83 122 159 146 157 136 142 38 68
Total Liabilities 268 269 283 296 344 375 415 464 431 460 208 284
48 49 48 47 80 74 90 86 91 94 47 45
CWIP 2 0 0 0 0 0 1 1 1 1 0 0
Investments 2 4 3 3 3 3 3 6 9 16 14 84
216 215 232 246 261 298 322 371 331 349 147 155
Total Assets 268 269 283 296 344 375 415 464 431 460 208 284

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 8 5 12 18 21 25 -3 50 43 67 102
-6 -6 -3 -4 -2 -2 -26 -19 -10 -13 -14 -92
-5 -2 -1 -8 -17 -18 2 15 -41 -20 -55 18
Net Cash Flow 5 -0 1 0 -1 -0 1 -7 -0 10 -2 28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 51 51 62 71 58 66 84 117 121 41 27
Inventory Days 45 25 30 40 36 26 22 40 59 63 10 8
Days Payable 66 27 26 31 50 41 42 63 87 74 13 17
Cash Conversion Cycle 58 49 54 71 57 43 46 61 89 110 38 19
Working Capital Days 81 50 55 69 64 49 53 84 113 118 47 63
ROCE % 11% 12% 13% 13% 12% 17% 19% 13% 15% 17% 23%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.29% 64.29% 64.29% 64.29% 64.29% 58.74% 58.74% 58.74% 58.74% 58.74% 58.74% 58.74%
0.01% 0.24% 0.33% 0.22% 0.20% 0.19% 0.34% 0.34% 0.44% 0.58% 0.58% 4.00%
0.78% 0.40% 0.35% 0.32% 0.33% 1.60% 0.29% 0.26% 0.22% 0.39% 0.19% 0.19%
34.92% 35.08% 35.03% 35.17% 35.18% 39.48% 40.64% 40.65% 40.61% 40.30% 40.51% 37.09%
No. of Shareholders 15,57014,74114,31915,24615,66418,92615,51014,95215,31017,04116,99617,169

* 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.

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

Documents

Concalls