Kandagiri Spinning Mills Ltd
₹ 22.0
5.00%
05 Dec
- 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
- Market Cap ₹ 8.49 Cr.
- Current Price ₹ 22.0
- High / Low ₹ 22.0 / 12.0
- Stock P/E 5.44
- Book Value ₹ -11.8
- Dividend Yield 0.00 %
- ROCE 25.3 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- 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.3.75 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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
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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 | 1.66 | |
| 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 | -0.43 |
| 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% | -34.96% |
| 0.29 | 0.25 | -0.15 | 0.43 | 0.27 | 15.98 | -0.16 | -1.56 | 6.30 | 1.53 | 2.59 | 3.25 | 3.75 | |
| 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 | 1.39 |
| 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 | 1.65 |
| 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 | 1.56 | |
| 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 | 4.05 |
| 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: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | 16% |
| 3 Years: | 27% |
| TTM: | 500% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 4% |
| 3 Years: | 37% |
| 1 Year: | 37% |
| 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
- Clarification On Price Movement 4h
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Clarification sought from Kandagiri Spinning Mills Ltd
29 Nov - Exchange has sought clarification from Kandagiri Spinning Mills Ltd on November 29, 2023 with reference to significant movement in price, in order to ensure that …
- Announcement Under Reg 30 - Lease Termination 9 Nov
- Disclosure Of Unaudited Financial Results (Consolidated And Standalone) For The Second Quarter/Half Year Ended 30.09.2023 Along With Independent Auditor''s Limited Review Report 9 Nov
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results (Consolidated And Standalone) Of The Company For The Second Quarter And Half Year Ended 30-09-2023 25 Oct
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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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
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Financial Year 2010
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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]