Kanel Industries Ltd

₹ 3.75 4.75%
16 Aug - close price
About

Incorporated in 1992, Kanel Industries Ltd is primarily engaged in bulk trading of castor seed oil, cottonseed oil, groundnut oil, sunflower oil, palmolein oil and soybean oil.

Key Points

Business Activities:[1]
Company manufactures and exports various grades of castor oil. Castor seeds are obtained from the market and crushed at company's manufacturing unit at Naroda.
a) Premium Refined Castor Oil: Extra Pale Pressed Grade, Pale Pressed Grade
b) Refined Castor Oil: Premium Grade, First Special Grade
c) Castor Oil: First Special Degummed Grade, First Pressed Commercial Grade, Commercial Grade:
d) Pharma Grade Castor Oil: Grade BP93, Grade - USP
e) Castor Meal: Expeller-cakes-Granular, Solvent

  • Market Cap 6.90 Cr.
  • Current Price 3.75
  • High / Low 6.99 / 1.99
  • Stock P/E 230
  • Book Value -3.76
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of -76.2% over past five years.
  • Promoter holding is low: 0.70%
  • Contingent liabilities of Rs.5.54 Cr.
  • Promoter holding has decreased over last 3 years: -20.7%

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Figures in Rs. Crores

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
0.02 0.00 0.02 0.00 0.00 0.00 0.08 0.00 0.00 0.05 0.00 0.00 0.00
0.07 0.03 0.03 0.05 0.01 0.01 0.09 0.07 0.02 0.05 0.05 0.04 0.02
Operating Profit -0.05 -0.03 -0.01 -0.05 -0.01 -0.01 -0.01 -0.07 -0.02 0.00 -0.05 -0.04 -0.02
OPM % -250.00% -50.00% -12.50% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.07 -0.05 -0.03 -0.07 -0.03 -0.03 -0.03 -0.08 -0.03 0.15 -0.06 -0.05 -0.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.07 -0.04 -0.03 -0.07 -0.03 -0.03 -0.03 -0.08 -0.02 0.16 -0.06 -0.05 -0.02
EPS in Rs -0.04 -0.02 -0.02 -0.04 -0.02 -0.02 -0.02 -0.04 -0.01 0.09 -0.03 -0.03 -0.01

Profit & Loss

Figures in Rs. Crores

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
0.00 0.20 0.00 8.62 22.69 25.56 66.14 61.72 41.90 0.04 0.08 0.05 0.05
0.29 0.48 0.31 8.78 22.85 25.68 67.67 61.77 42.23 0.19 0.19 0.17 0.16
Operating Profit -0.29 -0.28 -0.31 -0.16 -0.16 -0.12 -1.53 -0.05 -0.33 -0.15 -0.11 -0.12 -0.11
OPM % -140.00% -1.86% -0.71% -0.47% -2.31% -0.08% -0.79% -375.00% -137.50% -240.00% -220.00%
4.85 0.16 0.07 0.03 0.00 0.00 0.00 0.04 0.02 0.01 0.00 0.16 0.16
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.13 0.12 0.10 0.09 0.08 0.08 0.08 0.08 0.08 0.07 0.06 0.02 0.04
Profit before tax 4.43 -0.24 -0.34 -0.22 -0.24 -0.20 -1.61 -0.09 -0.39 -0.21 -0.17 0.02 0.01
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 4.43 -0.24 -0.35 -0.22 -0.24 -0.20 -1.61 -0.09 -0.39 -0.21 -0.17 0.02 0.03
EPS in Rs 2.41 -0.13 -0.19 -0.12 -0.13 -0.11 -0.87 -0.05 -0.21 -0.11 -0.09 0.01 0.02
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: -13%
5 Years: -76%
3 Years: -89%
TTM: -38%
Compounded Profit Growth
10 Years: 8%
5 Years: 15%
3 Years: 27%
TTM: 119%
Stock Price CAGR
10 Years: 4%
5 Years: 1%
3 Years: 56%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
18.41 18.41 18.41 18.41 18.41 18.41 18.41 18.41 18.41 18.41 18.41 18.41
Reserves -21.62 -21.86 -22.21 -22.43 -22.67 -22.87 -24.48 -24.57 -24.96 -25.17 -25.35 -25.33
7.41 8.15 8.00 8.04 8.04 8.09 8.24 8.45 9.38 9.56 9.63 3.43
3.06 2.61 2.38 11.24 2.54 2.95 7.26 3.57 14.67 10.48 9.30 9.00
Total Liabilities 7.26 7.31 6.58 15.26 6.32 6.58 9.43 5.86 17.50 13.28 11.99 5.51
1.50 1.38 1.28 1.19 1.11 1.03 0.94 0.87 0.79 0.72 0.62 0.60
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5.76 5.93 5.30 14.07 5.21 5.55 8.49 4.99 16.71 12.56 11.37 4.91
Total Assets 7.26 7.31 6.58 15.26 6.32 6.58 9.43 5.86 17.50 13.28 11.99 5.51

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.87 -0.71 -0.19 -0.21 0.00 -0.05 -1.05 -0.20 -0.78 -0.34 -0.10 -0.72
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00
-4.86 0.74 -0.05 0.05 0.00 0.05 0.16 0.20 0.94 0.17 0.07 0.91
Net Cash Flow 0.01 0.03 -0.24 -0.16 -0.01 0.00 -0.90 0.00 0.16 -0.17 0.00 0.20

Ratios

Figures in Rs. Crores

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 8,249.00 544.54 63.38 61.69 27.15 8.16 29.18 22,630.00 11,315.00 0.00
Inventory Days 0.00 0.00 0.48 0.43 1.16 1.31 1.05 912.50 156.43 0.00
Days Payable 18.52 21.58 32.36 9.69 118.21 85,410.00 42,444.29
Cash Conversion Cycle 8,249.00 544.54 45.34 40.54 -4.05 -0.22 -87.98 -61,867.50 -30,972.86 0.00
Working Capital Days 3,741.25 69.02 23.00 20.13 -11.75 -9.76 -10.37 -8,942.50 -4,516.88 292.00
ROCE % 101.49% -5.39% -7.64% -5.35% -6.15% -5.40% -55.52% -4.04% -15.23% -7.46% -5.83%

Shareholding Pattern

Numbers in percentages

1 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
21.44 21.44 21.44 21.44 21.44 21.44 21.44 21.44 21.44 2.93 0.70 0.70
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00
78.56 78.56 78.56 78.56 78.56 78.56 78.56 78.56 78.56 97.07 99.20 99.30

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