Kandagiri Spinning Mills Ltd
₹ 23.1
5.00%
26 Apr
4:01 p.m.
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
- Market Cap ₹ 8.89 Cr.
- Current Price ₹ 23.1
- High / Low ₹ 29.5 / 12.0
- Stock P/E
- Book Value ₹ -11.8
- Dividend Yield 0.00 %
- ROCE 25.3 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -53.1% over past five years.
- Contingent liabilities of Rs.24.5 Cr.
- Earnings include an other income of Rs.2.39 Cr.
- Company has high debtors of 383 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 126.38 | 160.54 | 193.61 | 189.36 | 144.78 | 78.03 | 54.38 | 69.55 | 26.57 | 2.54 | 3.19 | 1.23 | 1.23 | |
| 124.64 | 131.34 | 167.77 | 168.06 | 135.53 | 84.45 | 58.96 | 76.85 | 35.85 | 3.01 | 3.46 | 1.47 | 1.84 | |
| Operating Profit | 1.74 | 29.20 | 25.84 | 21.30 | 9.25 | -6.42 | -4.58 | -7.30 | -9.28 | -0.47 | -0.27 | -0.24 | -0.61 |
| OPM % | 1.38% | 18.19% | 13.35% | 11.25% | 6.39% | -8.23% | -8.42% | -10.50% | -34.93% | -18.50% | -8.46% | -19.51% | -49.59% |
| 0.29 | 0.25 | -0.15 | 0.43 | 0.27 | 15.98 | -0.16 | -1.56 | 6.30 | 1.53 | 2.59 | 3.25 | 2.39 | |
| Interest | 14.08 | 12.96 | 12.06 | 11.92 | 13.27 | 13.10 | 8.53 | 6.53 | 5.29 | 1.70 | 1.60 | 1.32 | 1.90 |
| Depreciation | 8.03 | 8.21 | 7.83 | 7.54 | 7.59 | 7.12 | 3.71 | 3.21 | 2.11 | 0.29 | 0.29 | 0.29 | 0.28 |
| Profit before tax | -20.08 | 8.28 | 5.80 | 2.27 | -11.34 | -10.66 | -16.98 | -18.60 | -10.38 | -0.93 | 0.43 | 1.40 | -0.40 |
| Tax % | 35.36% | 29.35% | 34.14% | 31.28% | 0.00% | 0.00% | 31.57% | 0.00% | -19.08% | 0.00% | 34.88% | -10.00% | |
| -12.98 | 5.85 | 3.82 | 1.56 | -11.34 | -10.65 | -11.61 | -18.59 | -12.36 | -0.94 | 0.28 | 1.53 | -0.26 | |
| EPS in Rs | -33.72 | 15.20 | 9.92 | 4.05 | -29.46 | -27.67 | -30.16 | -48.29 | -32.11 | -2.44 | 0.73 | 3.97 | -0.67 |
| Dividend Payout % | 0.00% | 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: | -39% |
| 5 Years: | -53% |
| 3 Years: | -64% |
| TTM: | 297% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | 16% |
| 3 Years: | 27% |
| TTM: | -127% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | 5% |
| 3 Years: | 37% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
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 | 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 | 37.17 | 42.73 | 46.26 | 47.63 | 36.30 | 33.28 | 20.78 | 2.14 | -9.42 | -10.36 | -10.08 | -8.55 | -8.39 |
| 111.96 | 100.55 | 90.77 | 86.40 | 90.95 | 67.02 | 58.93 | 51.71 | 15.32 | 14.51 | 14.42 | 14.42 | 14.42 | |
| 18.25 | 21.58 | 32.88 | 32.69 | 33.40 | 9.62 | 11.14 | 21.49 | 8.79 | 7.82 | 6.02 | 5.63 | 3.51 | |
| Total Liabilities | 171.24 | 168.72 | 173.77 | 170.58 | 164.51 | 113.78 | 94.71 | 79.20 | 18.55 | 15.83 | 14.22 | 15.36 | 13.40 |
| 119.13 | 111.59 | 105.57 | 98.55 | 92.97 | 74.10 | 52.90 | 26.41 | 11.55 | 11.26 | 10.96 | 10.67 | 10.53 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.45 | 2.45 | 2.01 | 2.01 | 2.01 | 2.47 | 2.14 | 1.55 | 1.55 | 1.55 | 1.55 | 2.00 | 2.00 |
| 49.66 | 54.68 | 66.19 | 69.75 | 69.53 | 37.21 | 39.67 | 51.24 | 5.45 | 3.02 | 1.71 | 2.69 | 0.87 | |
| Total Assets | 171.24 | 168.72 | 173.77 | 170.58 | 164.51 | 113.78 | 94.71 | 79.20 | 18.55 | 15.83 | 14.22 | 15.36 | 13.40 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36.26 | 18.43 | 22.79 | 16.73 | 8.38 | 8.98 | -6.29 | -5.53 | -24.90 | 2.68 | 0.58 | 1.34 | |
| -0.99 | -0.72 | -2.32 | -0.60 | -1.13 | 27.42 | 22.50 | 10.97 | 43.96 | 0.03 | 0.79 | 0.07 | |
| -44.49 | -23.55 | -20.59 | -15.52 | -7.88 | -36.43 | -16.14 | -5.49 | -19.02 | -2.51 | -1.68 | -1.32 | |
| Net Cash Flow | -9.22 | -5.84 | -0.12 | 0.61 | -0.63 | -0.02 | 0.06 | -0.06 | 0.03 | 0.19 | -0.31 | 0.09 |
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 | 30.67 | 30.83 | 20.06 | 18.00 | 45.48 | 24.70 | 19.00 | 15.06 | 41.62 | 162.38 | 0.00 | 382.80 |
| Inventory Days | 79.43 | 119.85 | 116.12 | 137.61 | 151.91 | 140.22 | 271.59 | 98.79 | 12.31 | 0.00 | 0.00 | 0.00 |
| Days Payable | 8.00 | 18.56 | 41.57 | 39.20 | 53.72 | 13.91 | 45.84 | 38.97 | 30.53 | |||
| Cash Conversion Cycle | 102.10 | 132.12 | 94.61 | 116.42 | 143.67 | 151.00 | 244.74 | 74.89 | 23.40 | 162.38 | 0.00 | 382.80 |
| Working Capital Days | 45.72 | 50.79 | 11.97 | 50.37 | 52.87 | 82.37 | 97.86 | 92.89 | -101.52 | -944.11 | -669.36 | -1,222.60 |
| ROCE % | -3.59% | 14.14% | 12.71% | 10.18% | 1.43% | -11.05% | -8.43% | -14.65% | -28.90% | 8.67% | 15.67% | 25.32% |
Documents
Announcements
- Disclosure Under Regulation 40(10) Of SEBI (LODR) Regulations, 2015 2d
-
Compliance Certificate Under Reg 7(3) Of SEBI(LODR) Regulations, 2015
13 Apr - Compliance certificate under regulation 7(3) of SEBI (LODR) Regulations, 2015 for the period March 31, 2024
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
28 Mar - Disclosure under regulation 30 of SEBI (LODR) Regulations, 2015 - Signing of Loan Agreement - reg
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
28 Mar - Disclosure under regulation 30 of SEBI (LODR) Regulations, 2018 - Signing of Loan Agreement - reg
Annual reports
-
Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2010
from bse
History[1]
Kandagiri Spinning Mills Ltd (KSML) is part of Salem (Tamil Nadu) based “Sambandam Group” and was engaged in textile spinning with an aggregate capacity of 27,296 spindles spread among two units which could produce around 25 Tons of Yarn per day. In FY20, company sold the spinning plant and machinery and ceased the yarn production activity, and let out the immovable property for lease. The Company at present is carrying out yarn trading business[2]