Kavveri Telecom Products Ltd

₹ 12.7 -1.40%

19 Apr 4:01 p.m.

kavveritelecoms.com BSE: 590041 NSE : KAVVERITEL

About

Incorporated in 1996, Kavveri Telecom Products Limited is engaged in design, development and manufacture of Radio Frequency products and antennae for telecom, defense and space applications in India and abroad.

Key Points

Product Profile:^[1]
a) Antennas: Base Station Antennas, Microwave Antennas, Broadband In-building Antennas & other customized design Antennas.
b) RF Components: Co-Location Interference Filters, Duplexers, Combiners, Diplexers, Triplexers
c) Capacity Enhancers: Tower Mount Amplifier, Tower Mount Booster, MCPA
d) Coverage Products: Multi-band Antennas, Power Splitters, Couplers, Repeaters
e) Coverage Solutions: Microcell Based Solutions, Neutral Host BOL Solutions, Repeater Based Solutions
f) RF line products: Feeder Cables, Connectors, Installation products

Website BSE NSE

Market Cap ₹ 25.4 Cr.
Current Price ₹ 12.7
High / Low ₹ 18.0 / 4.65
Stock P/E 0.77
Book Value ₹ 28.6
Dividend Yield 0.00 %
ROCE 24.1 %
ROE 80.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.44 times its book value
Company has delivered good profit growth of 26.3% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of -29.7% over past five years.
Promoter holding is low: 15.1%
Company has a low return on equity of 0.25% over last 3 years.
Contingent liabilities of Rs.272 Cr.
Promoters have pledged 34.5% of their holding.
Earnings include an other income of Rs.240 Cr.
Company has high debtors of 7,930 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: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.00	0.20	0.00	0.00	0.32	0.81	0.00	0.00	0.11	0.00	0.00	0.00	0.00
	0.18	0.36	0.16	0.07	0.10	0.13	0.18	0.01	0.08	206.62	0.12	0.06	0.05
Operating Profit	-0.18	-0.16	-0.16	-0.07	0.22	0.68	-0.18	-0.01	0.03	-206.62	-0.12	-0.06	-0.05
OPM %		-80.00%			68.75%	83.95%			27.27%
	0.00	0.03	0.02	0.11	0.00	0.00	0.00	0.00	0.00	239.66	0.00	0.06	0.00
Interest	3.31	3.31	3.31	3.41	3.36	3.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.75	0.43	0.51	0.52	0.52	0.51	0.51	0.51	0.51	-1.35	0.05	0.05	0.05
Profit before tax	-4.24	-3.87	-3.96	-3.89	-3.66	-3.19	-0.69	-0.52	-0.48	34.39	-0.17	-0.05	-0.10
Tax %	-9.67%	15.76%	3.28%	-16.71%	3.55%	-69.59%	-24.64%	0.00%	0.00%	2.09%	0.00%	0.00%	0.00%
	-4.65	-3.25	-3.84	-4.54	-3.53	-5.41	-0.87	-0.53	-0.49	33.68	-0.17	-0.05	-0.10
EPS in Rs	-2.31	-1.61	-1.91	-2.26	-1.75	-2.69	-0.43	-0.26	-0.24	16.74	-0.08	-0.02	-0.05
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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
	334	139	88	1	0	0	1	2	2	1	1	0	0
	280	165	99	5	6	5	18	3	2	1	0	205	207
Operating Profit	54	-26	-11	-4	-6	-5	-17	-1	-0	-1	1	-205	-207
OPM %	16%	-19%	-12%	-347%	-2,204%	-1,031%	-2,673%	-49%	-15%	-81%	59%	-186,400%
	16	24	19	-7	0	0	0	-3	0	0	0	238	240
Interest	13	15	14	13	13	13	13	13	13	13	13	0	0
Depreciation	4	5	4	4	4	4	4	4	3	3	2	0	-1
Profit before tax	54	-22	-10	-28	-23	-22	-34	-22	-17	-17	-15	33	34
Tax %	24%	-11%	9%	1%	4%	4%	19%	99%	-8%	3%	-18%	3%
	41	-25	-9	-27	-22	-21	-28	-0	-18	-16	-17	32	33
EPS in Rs	20.49	-12.22	-4.56	-13.57	-10.96	-10.49	-13.83	-0.12	-8.91	-8.08	-8.61	15.99	16.59
Dividend Payout %	20%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-51%
5 Years:	-30%
3 Years:	-59%
TTM:	-100%

Compounded Profit Growth
10 Years:	13%
5 Years:	26%
3 Years:	57%
TTM:	557%

Stock Price CAGR
10 Years:	-1%
5 Years:	20%
3 Years:	89%
1 Year:	130%

Return on Equity
10 Years:	-12%
5 Years:	-5%
3 Years:	0%
Last Year:	80%

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	20	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	239	167	158	130	108	87	59	59	41	24	7	38	37
	67	115	84	134	148	102	85	167	180	191	204	0	0
	108	67	135	112	121	172	105	43	44	46	49	11	11
Total Liabilities	434	369	397	397	397	382	269	290	285	282	280	69	69
	50	48	43	40	36	32	27	13	10	7	5	2	1
CWIP	0	0	1	1	1	1	1	1	1	1	1	0	0
Investments	49	54	62	54	54	54	0	54	54	54	54	28	28
	335	267	292	303	307	296	242	222	221	221	221	39	39
Total Assets	434	369	397	397	397	382	269	290	285	282	280	69	69

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
	-34	-35	50	3	-0	17	-5	26	1	0	4	-68
	3	-2	-6	1	0	-4	36	-5	-0	0	-4	67
	47	35	-44	-4	-0	-13	-31	-21	-0	-0	-0	1
Net Cash Flow	15	-3	-0	0	-0	0	0	-0	0	0	-0	-0

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	109	131	255	18,672	86,753	34,513	24,444	8,146	8,528	19,530	12,630	7,930
Inventory Days	83	152	226	69,593	260,975	109,173	54,587	29,972	35,560	28,050
Days Payable	52	49	202	67,111	294,236	111,652	1,249	6,142	7,312	5,875
Cash Conversion Cycle	140	234	279	21,154	53,493	32,035	77,782	31,975	36,775	41,705	12,630	7,930
Working Capital Days	158	479	621	45,704	204,648	91,583	11,931	16,826	17,553	37,765	23,476	-28,370
ROCE %	24%	-2%	1%	-2%	-3%	-4%	-11%	-2%	-1%	-1%	-1%	24%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	15.14%	15.14%	15.14%	16.13%	15.68%	15.68%	15.14%	15.14%	15.14%	15.14%	15.14%	15.14%
	14.54%	13.52%	9.59%	9.57%	9.57%	13.98%	13.99%	13.98%	13.98%	13.98%	13.01%	13.01%
	13.79%	13.79%	13.79%	13.79%	13.79%	9.38%	6.49%	4.91%	4.91%	4.91%	0.02%	0.02%
	56.53%	57.55%	61.48%	60.50%	60.95%	60.95%	64.38%	65.98%	65.98%	65.98%	71.84%	71.84%
No. of Shareholders	4,867	6,588	8,331	8,620	8,546	8,607	9,637	10,506	10,454	11,922	13,584	14,535

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	15.14%	15.14%	15.14%	15.14%	15.14%	16.13%	15.14%	15.14%
	25.25%	25.69%	14.54%	14.54%	14.54%	9.57%	13.98%	13.01%
	17.30%	16.67%	13.79%	13.79%	13.79%	13.79%	4.91%	0.02%
	42.31%	42.51%	56.53%	56.53%	56.53%	60.50%	65.98%	71.84%
No. of Shareholders	5,129	4,995	4,900	4,896	4,867	8,620	10,506	14,535

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kavveri Telecom Products Ltd

Kavveri Telecom Products Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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