Kavveri Telecom Products Ltd

About [ edit ]

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

  • Market Cap 3.72 Cr.
  • Current Price 1.85
  • High / Low 1.90 / 1.65
  • Stock P/E
  • Book Value 7.89
  • Dividend Yield 0.00 %
  • ROCE -1.10 %
  • ROE -66.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.23 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -38.45% over past five years.
  • Promoter holding is low: 15.14%
  • Company has a low return on equity of -45.15% for last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 34.47% of their holding.
  • Company has high debtors of 4292.56 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
4.90 3.69 3.97 0.86 1.13 1.09 1.09 2.00 1.15 1.95 1.39 1.24
7.08 2.08 3.21 0.78 5.91 1.71 -0.17 3.12 0.44 1.93 1.64 1.02
Operating Profit -2.18 1.61 0.76 0.08 -4.78 -0.62 1.26 -1.12 0.71 0.02 -0.25 0.22
OPM % -44.49% 43.63% 19.14% 9.30% -423.01% -56.88% 115.60% -56.00% 61.74% 1.03% -17.99% 17.74%
Other Income -0.15 0.00 8.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 6.57 4.80 4.82 3.31 3.05 3.34 3.28 3.31 3.51 3.31 3.31 3.31
Depreciation 4.00 4.10 4.10 0.95 1.04 0.95 0.77 1.13 0.27 0.50 1.02 0.82
Profit before tax -12.90 -7.29 0.45 -4.18 -8.87 -4.91 -2.79 -5.56 -3.07 -3.79 -4.58 -3.91
Tax % 133.49% 1.65% 4,504.44% 5.98% 227.62% -27.09% -415.77% -33.81% 439.09% 3.17% 2.40% -10.49%
Net Profit 4.32 -7.17 -19.82 -3.94 11.32 -6.24 -14.39 -7.44 10.40 -3.67 -4.47 -4.32
EPS in Rs 2.15 -3.56 -9.85 -1.96 5.63 -3.10 -7.15 -3.70 5.17 -1.82 -2.22 -2.15

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
189.81 228.08 308.70 454.28 239.27 170.37 51.51 40.52 25.41 14.69 5.59 4.55 5.73
166.87 176.88 262.24 383.77 256.01 177.38 38.73 35.11 24.39 27.03 6.61 5.08 5.03
Operating Profit 22.94 51.20 46.46 70.51 -16.74 -7.01 12.78 5.41 1.02 -12.34 -1.02 -0.53 0.70
OPM % 12.09% 22.45% 15.05% 15.52% -7.00% -4.11% 24.81% 13.35% 4.01% -84.00% -18.25% -11.65% 12.22%
Other Income 5.10 6.28 24.32 17.77 17.07 11.33 -2.46 3.92 5.55 1.39 -2.62 0.79 0.00
Interest 12.51 12.72 12.52 14.78 23.60 24.48 27.23 24.91 19.68 19.50 13.03 13.48 13.44
Depreciation 2.29 5.97 7.17 9.19 12.15 14.89 19.74 19.55 18.32 16.50 3.94 3.12 2.61
Profit before tax 13.24 38.79 51.09 64.31 -35.42 -35.05 -36.65 -35.13 -31.43 -46.95 -20.61 -16.34 -15.35
Tax % 31.57% 33.69% 23.92% 24.68% -21.74% -7.67% -3.19% -0.37% -0.29% 36.68% 103.74% -8.14%
Net Profit 9.06 26.16 38.25 48.08 -41.90 -37.74 -37.81 -35.26 -31.52 -29.73 0.77 -17.67 -2.06
EPS in Rs 27.19 23.89 -20.82 -18.75 -18.79 -17.52 -15.66 -14.77 0.38 -8.78 -1.02
Dividend Payout % 10.84% 7.69% 5.52% 16.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-32%
5 Years:-38%
3 Years:-44%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:14%
TTM:88%
Stock Price CAGR
10 Years:-35%
5 Years:-34%
3 Years:-40%
1 Year:12%
Return on Equity
10 Years:-11%
5 Years:-44%
3 Years:-45%
Last Year:-66%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10.06 10.06 14.07 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12
Reserves 34.66 98.32 177.29 285.47 187.97 150.53 92.60 58.30 32.94 3.21 17.58 -4.25
Borrowings 73.78 172.97 153.37 151.88 213.89 192.87 237.49 277.80 295.01 267.14 230.15 235.31
57.03 108.04 107.43 159.32 176.67 234.69 234.92 275.57 295.21 200.70 84.79 103.78
Total Liabilities 175.29 389.39 452.16 616.79 598.65 598.21 585.13 631.79 643.28 491.17 352.64 354.96
60.84 111.40 153.20 180.45 225.25 230.87 236.52 217.71 199.71 181.79 26.06 22.95
CWIP 15.50 38.39 24.04 81.53 34.75 16.37 0.53 0.57 0.57 0.54 0.54 0.54
Investments 0.00 0.00 0.00 0.00 4.97 6.08 6.08 6.08 6.08 6.08 0.00 0.00
98.95 239.60 274.92 354.81 333.68 344.89 342.00 407.43 436.92 302.76 326.04 331.47
Total Assets 175.29 389.39 452.16 616.79 598.65 598.21 585.13 631.79 643.28 491.17 352.64 354.96

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
44.45 -47.46 -1.28 68.68 -46.29 104.27 -1.84 -27.50 16.83 15.22 -26.06 8.73
-38.41 -77.19 -35.38 -91.94 -10.72 -1.74 -10.86 3.04 0.32 1.57 0.62 -0.33
-19.42 122.21 27.48 27.34 51.37 -101.11 14.39 22.88 -13.25 -15.75 24.31 -8.31
Net Cash Flow -13.38 -2.44 -9.18 4.08 -5.64 1.42 1.69 -1.58 3.90 1.04 -1.13 0.09

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 22.01% 25.80% 20.46% 19.96% -2.81% -2.69% -0.42% -2.89% -4.17% -8.60% -1.46% -1.10%
Debtor Days 100.46 178.63 118.59 139.97 140.04 154.66 558.31 949.52 1,343.07 2,627.30 3,468.48 4,292.56
Inventory Turnover 7.83 3.11 3.97 4.33 2.32 1.47 0.10 0.16 0.06 0.03 0.03 0.02

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14
25.69 29.97 14.54 14.54 14.54 14.54 14.54 14.54 14.54 14.54 14.54 14.54
16.67 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79
42.51 41.11 56.53 56.53 56.53 56.53 56.53 56.53 56.53 56.53 56.53 56.53

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