Kandagiri Spinning Mills Ltd

₹ 17.2 3.30%
16 Sep - 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 6.62 Cr.
  • Current Price 17.2
  • High / Low 27.8 / 12.8
  • Stock P/E 12.3
  • Book Value -15.0
  • Dividend Yield 0.00 %
  • ROCE 23.1 %
  • 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.
  • Contingent liabilities of Rs.24.5 Cr.
  • Earnings include an other income of Rs.2.76 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
12.85 5.35 3.55 4.83 0.47 0.00 0.00 2.07 0.00 1.46 1.42 0.31 0.00
12.53 5.77 6.04 11.84 0.71 0.15 0.06 2.28 0.12 1.47 1.47 0.41 0.10
Operating Profit 0.32 -0.42 -2.49 -7.01 -0.24 -0.15 -0.06 -0.21 -0.12 -0.01 -0.05 -0.10 -0.10
OPM % 2.49% -7.85% -70.14% -145.13% -51.06% -10.14% -0.68% -3.52% -32.26%
0.05 0.04 1.64 4.67 0.16 0.46 0.71 0.45 0.93 0.86 0.64 0.79 0.47
Interest 1.60 1.17 1.08 1.16 0.01 0.83 0.57 0.29 0.40 0.40 0.40 0.39 0.32
Depreciation 0.57 0.57 0.57 0.41 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax -1.80 -2.12 -2.50 -3.91 -0.16 -0.59 0.01 -0.12 0.34 0.38 0.12 0.23 -0.02
Tax % 0.00% 0.00% 0.00% -50.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 65.22% 0.00%
Net Profit -1.80 -2.12 -2.50 -5.89 -0.16 -0.60 0.00 -0.12 0.34 0.37 0.12 0.08 -0.03
EPS in Rs -4.68 -5.51 -6.49 -15.30 -0.42 -1.56 0.00 -0.31 0.88 0.96 0.31 0.21 -0.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
144.78 78.03 54.38 69.55 26.57 2.54 3.19 3.19
135.53 84.46 58.95 76.84 35.84 3.01 3.46 3.45
Operating Profit 9.25 -6.43 -4.57 -7.29 -9.27 -0.47 -0.27 -0.26
OPM % 6.39% -8.24% -8.40% -10.48% -34.89% -18.50% -8.46% -8.15%
0.27 16.08 -0.06 -1.44 6.33 1.57 3.22 2.76
Interest 13.27 13.10 8.53 6.53 5.29 1.70 1.60 1.51
Depreciation 7.59 7.12 3.71 3.21 2.11 0.29 0.29 0.28
Profit before tax -11.34 -10.57 -16.87 -18.47 -10.34 -0.89 1.06 0.71
Tax % 0.00% 0.00% 31.77% 0.00% -19.15% 0.00% 14.15%
Net Profit -11.10 -10.56 -11.51 -18.47 -12.33 -0.89 0.91 0.54
EPS in Rs -28.84 -27.43 -29.90 -47.98 -32.03 -2.31 2.36 1.40
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -47%
3 Years: -64%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 26%
TTM: 242%
Stock Price CAGR
10 Years: -12%
5 Years: -15%
3 Years: 28%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.86 3.86 3.86 3.86 3.86 3.86 3.86
Reserves 35.70 32.77 20.37 1.86 -9.67 -10.56 -9.65
90.95 67.02 58.93 51.71 15.32 14.51 14.42
33.40 9.62 11.14 21.48 8.79 7.81 6.02
Total Liabilities 163.91 113.27 94.30 78.91 18.30 15.62 14.65
92.97 74.10 52.90 26.41 11.55 11.26 10.96
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.41 1.96 1.73 1.27 1.30 1.34 1.98
69.53 37.21 39.67 51.23 5.45 3.02 1.71
Total Assets 163.91 113.27 94.30 78.91 18.30 15.62 14.65

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8.38 8.98 -6.29 -5.53 -24.90 2.68 0.58
-1.13 27.42 22.50 10.97 43.96 0.03 0.79
-7.88 -36.43 -16.14 -5.49 -19.02 -2.51 -1.68
Net Cash Flow -0.63 -0.02 0.06 -0.06 0.03 0.19 -0.31

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45.48 24.70 19.00 15.06 41.62 162.38 0.00
Inventory Days 151.91 144.15 271.59 98.79 12.31 0.00 0.00
Days Payable 53.72 14.30 45.84 38.97 30.53
Cash Conversion Cycle 143.67 154.54 244.74 74.89 23.40 162.38 0.00
Working Capital Days 52.87 82.37 97.86 92.89 -101.52 -944.11 -669.36
ROCE % -11.04% -8.35% -14.54% -29.01% 9.35% 23.11%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
64.89 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93 64.93
35.11 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07 35.07

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