Kandagiri Spinning Mills Ltd

₹ 16.0 -0.93%
17 Nov - close price
About

Incorporated in 1976, Kandagiri Spinning Mills Limited is engaged in production and sale of cotton yarn. Presently, company is doing yarn trading business and leasing out properties.

Key Points

Product Profile:[1]
a) 100% Cotton Yarn: Single yarn-Weaving-Carded, Combed, Knitting-Carded, Combed Compact Yarn, Gassed Mercerized Yarn, Double yarn-Weaving-Carded
b) 100% Polyester: Single Yarn, Combed, Blended, Polyester Cotton, Polyester Reverse Blend, Polyester Viscose, Cotton Viscose, Cotton Modal, Cotton Self Nepy Yarn, Polyester Self Nepy Yarn, Cotton Poly Viscose,Single Yarn
c) 100% Viscose: Single Yarn, Double Yarn
d) 100% Modal: Single Yarn, Double Yarn

  • Market Cap 6.18 Cr.
  • Current Price 16.0
  • High / Low 27.8 / 13.0
  • Stock P/E 23.8
  • Book Value -15.8
  • Dividend Yield 0.00 %
  • ROCE 15.7 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -47.2% over past five years.
  • Earnings include an other income of Rs.2.29 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
5.35 3.55 4.83 0.47 -0.00 -0.00 2.07 -0.00 1.46 1.42 0.31 -0.00 -0.00
5.77 6.04 11.80 0.56 0.13 0.06 2.26 0.12 1.48 1.48 0.41 0.09 0.05
Operating Profit -0.42 -2.49 -6.97 -0.09 -0.13 -0.06 -0.19 -0.12 -0.02 -0.06 -0.10 -0.09 -0.05
OPM % -7.85% -70.14% -144.31% -19.15% -9.18% -1.37% -4.23% -32.26%
0.01 1.61 4.67 0.16 0.46 0.46 0.45 0.46 0.79 0.59 0.76 0.47 0.47
Interest 1.17 1.08 1.16 0.01 0.83 0.57 0.29 0.40 0.40 0.40 0.39 0.32 0.33
Depreciation 0.57 0.57 0.41 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax -2.15 -2.53 -3.87 -0.01 -0.57 -0.24 -0.10 -0.13 0.30 0.06 0.20 -0.01 0.02
Tax % -0.00% -0.00% -51.16% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 75.00% -0.00% -700.00%
Net Profit -2.15 -2.53 -5.85 -0.01 -0.58 -0.25 -0.10 -0.13 0.30 0.06 0.05 -0.01 0.16
EPS in Rs -5.59 -6.57 -15.20 -0.03 -1.51 -0.65 -0.26 -0.34 0.78 0.16 0.13 -0.03 0.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
151.77 126.38 160.54 193.61 189.36 144.78 78.03 54.38 69.55 26.57 2.54 3.19 1.73
118.36 124.64 131.34 167.77 168.06 135.53 84.45 58.96 76.85 35.85 3.01 3.46 2.03
Operating Profit 33.41 1.74 29.20 25.84 21.30 9.25 -6.42 -4.58 -7.30 -9.28 -0.47 -0.27 -0.30
OPM % 22.01% 1.38% 18.19% 13.35% 11.25% 6.39% -8.23% -8.42% -10.50% -34.93% -18.50% -8.46% -17.34%
-0.08 0.29 0.25 -0.15 0.43 0.27 15.98 -0.16 -1.56 6.30 1.53 2.59 2.29
Interest 11.45 14.08 12.96 12.06 11.92 13.27 13.10 8.53 6.53 5.29 1.70 1.60 1.44
Depreciation 7.84 8.03 8.21 7.83 7.54 7.59 7.12 3.71 3.21 2.11 0.29 0.29 0.28
Profit before tax 14.04 -20.08 8.28 5.80 2.27 -11.34 -10.66 -16.98 -18.60 -10.38 -0.93 0.43 0.27
Tax % 34.05% 35.36% 29.35% 34.14% 31.28% -0.00% -0.00% 31.57% -0.00% -19.08% -0.00% 34.88%
Net Profit 9.26 -12.98 5.85 3.82 1.56 -11.34 -10.65 -11.61 -18.59 -12.36 -0.94 0.28 0.26
EPS in Rs 24.06 -33.72 15.20 9.92 4.05 -29.46 -27.67 -30.16 -48.29 -32.11 -2.44 0.73 0.68
Dividend Payout % 16.67% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -31%
5 Years: -47%
3 Years: -64%
TTM: 26%
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: 26%
TTM: 244%
Stock Price CAGR
10 Years: -13%
5 Years: -17%
3 Years: 46%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86 3.86
Reserves 50.44 37.17 42.73 46.26 47.63 36.30 33.28 20.78 2.14 -9.42 -10.36 -10.08 -9.94
127.86 111.96 100.55 90.77 86.40 90.95 67.02 58.93 51.71 15.32 14.51 14.42 14.42
40.63 18.25 21.58 32.88 32.69 33.40 9.62 11.14 21.49 8.79 7.82 6.02 6.20
Total Liabilities 222.79 171.24 168.72 173.77 170.58 164.51 113.78 94.71 79.20 18.55 15.83 14.22 14.54
124.87 119.13 111.59 105.57 98.55 92.97 74.10 52.90 26.41 11.55 11.26 10.96 10.82
CWIP 0.83 -0.00 -0.00 -0.00 0.27 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 2.45 2.45 2.45 2.01 2.01 2.01 2.47 2.14 1.55 1.55 1.55 1.55 1.55
94.64 49.66 54.68 66.19 69.75 69.53 37.21 39.67 51.24 5.45 3.02 1.71 2.17
Total Assets 222.79 171.24 168.72 173.77 170.58 164.51 113.78 94.71 79.20 18.55 15.83 14.22 14.54

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1.20 36.26 18.43 22.79 16.73 8.38 8.98 -6.29 -5.53 -24.90 2.68 0.58
-2.35 -0.99 -0.72 -2.32 -0.60 -1.13 27.42 22.50 10.97 43.96 0.03 0.79
-2.22 -44.49 -23.55 -20.59 -15.52 -7.88 -36.43 -16.14 -5.49 -19.02 -2.51 -1.68
Net Cash Flow -5.77 -9.22 -5.84 -0.12 0.61 -0.63 -0.02 0.06 -0.06 0.03 0.19 -0.31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 44.83 30.67 30.83 20.06 18.00 45.48 24.70 19.00 15.06 41.62 162.38 -0.00
Inventory Days 279.96 79.43 119.85 116.12 137.61 151.91 140.22 271.59 98.79 12.31 -0.00 -0.00
Days Payable 78.25 8.00 18.56 41.57 39.20 53.72 13.91 45.84 38.97 30.53
Cash Conversion Cycle 246.54 102.10 132.12 94.61 116.42 143.67 151.00 244.74 74.89 23.40 162.38 -0.00
Working Capital Days 124.07 45.72 50.79 11.97 50.37 52.87 82.37 97.86 92.89 -101.52 -944.11 -669.36
ROCE % 14.96% -3.59% 14.14% 12.71% 10.18% 1.43% -11.05% -8.43% -14.65% -28.90% 8.67% 15.67%

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
64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93
35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.06

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