Kavveri Telecom Products Ltd

₹ 8.55 0.00%
07 Dec - close price
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

  • Market Cap 17.2 Cr.
  • Current Price 8.55
  • High / Low 19.3 / 6.70
  • Stock P/E
  • Book Value 5.90
  • Dividend Yield 0.00 %
  • ROCE -0.83 %
  • ROE -93.8 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -26.1% over past five years.
  • Promoter holding is low: 15.7%
  • Company has a low return on equity of -77.1% over last 3 years.
  • Contingent liabilities of Rs.151 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 33.3% of their holding.
  • Company has high debtors of 3,244 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1.09 2.00 1.15 1.95 1.39 1.24 0.59 0.48 0.99 2.45 3.00 1.52 0.75
-0.17 3.12 0.72 1.93 1.64 1.02 1.26 0.93 1.55 2.01 2.34 1.62 0.68
Operating Profit 1.26 -1.12 0.43 0.02 -0.25 0.22 -0.67 -0.45 -0.56 0.44 0.66 -0.10 0.07
OPM % 115.60% -56.00% 37.39% 1.03% -17.99% 17.74% -113.56% -93.75% -56.57% 17.96% 22.00% -6.58% 9.33%
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
Interest 3.28 3.31 3.51 3.31 3.31 3.31 3.55 3.31 3.48 3.38 3.32 0.00 0.01
Depreciation 0.77 1.13 0.00 0.50 1.02 0.82 0.36 0.52 0.52 0.52 0.51 0.52 0.52
Profit before tax -2.79 -5.56 -3.08 -3.79 -4.58 -3.91 -4.58 -4.28 -4.56 -3.46 -3.17 -0.62 -0.46
Tax % -415.77% -33.81% 437.66% 3.17% 2.40% -10.49% 9.39% 3.04% -14.25% 3.76% -70.03% -27.42% 0.00%
Net Profit -14.39 -7.44 10.40 -3.67 -4.47 -4.32 -4.15 -4.15 -5.21 -3.33 -5.39 -0.79 -0.46
EPS in Rs -7.15 -3.70 5.17 -1.82 -2.22 -2.15 -2.06 -2.06 -2.59 -1.65 -2.68 -0.39 -0.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
308.70 454.28 239.27 170.37 51.51 40.52 25.41 14.69 5.59 4.55 4.14 5.61 7.72
262.24 383.77 255.89 177.38 38.79 35.11 24.39 27.03 6.61 5.08 5.85 6.72 6.65
Operating Profit 46.46 70.51 -16.62 -7.01 12.72 5.41 1.02 -12.34 -1.02 -0.53 -1.71 -1.11 1.07
OPM % 15.05% 15.52% -6.95% -4.11% 24.69% 13.35% 4.01% -84.00% -18.25% -11.65% -41.30% -19.79% 13.86%
24.32 17.77 16.95 11.33 -2.40 3.92 5.55 1.39 -2.62 0.79 1.04 1.31 0.00
Interest 12.52 14.78 23.60 24.48 27.23 24.91 19.68 19.50 13.03 13.48 13.49 13.59 6.71
Depreciation 7.17 9.19 12.15 14.89 19.74 19.55 18.32 16.50 3.94 3.12 2.71 2.08 2.07
Profit before tax 51.09 64.31 -35.42 -35.05 -36.65 -35.13 -31.43 -46.95 -20.61 -16.34 -16.87 -15.47 -7.71
Tax % 23.92% 24.68% -21.74% -7.67% -3.19% -0.37% -0.29% 36.68% 103.74% -8.14% 2.55% -16.94%
Net Profit 38.87 48.44 -43.11 -37.74 -37.81 -35.26 -31.52 -29.73 0.77 -17.67 -16.43 -18.09 -9.97
EPS in Rs 27.19 23.89 -20.82 -18.75 -18.79 -17.52 -15.66 -14.77 0.38 -8.78 -8.16 -8.99 -4.95
Dividend Payout % 5.52% 16.74% 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: -36%
5 Years: -26%
3 Years: 0%
TTM: 134%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: %
TTM: 44%
Stock Price CAGR
10 Years: -21%
5 Years: -6%
3 Years: 55%
1 Year: 13%
Return on Equity
10 Years: -29%
5 Years: -57%
3 Years: -77%
Last Year: -94%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14.07 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12 20.12
Reserves 177.29 285.47 187.97 150.53 92.60 58.30 32.94 3.21 17.58 -4.25 7.33 -9.00 -8.24
153.37 151.88 213.89 192.87 237.49 277.80 295.01 267.14 230.15 235.31 206.82 209.73 209.73
107.43 159.32 176.67 234.69 234.92 275.57 295.21 200.70 84.79 103.78 50.63 53.85 53.03
Total Liabilities 452.16 616.79 598.65 598.21 585.13 631.79 643.28 491.17 352.64 354.96 284.90 274.70 274.64
153.20 180.45 225.25 230.87 236.52 217.71 199.71 181.79 26.06 22.95 7.30 5.25 4.19
CWIP 24.04 81.53 34.75 16.37 0.53 0.57 0.57 0.54 0.54 0.54 0.54 0.54 0.54
Investments 0.00 0.00 4.97 6.08 6.08 6.08 6.08 6.08 0.00 0.00 0.00 0.00 0.00
274.92 354.81 333.68 344.89 342.00 407.43 436.92 302.76 326.04 331.47 277.06 268.91 269.91
Total Assets 452.16 616.79 598.65 598.21 585.13 631.79 643.28 491.17 352.64 354.96 284.90 274.70 274.64

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1.28 68.68 -46.29 104.27 -1.84 -27.50 16.83 15.22 -26.06 30.05 -10.77 24.29
-35.38 -91.94 -10.72 -1.74 -10.86 3.04 0.32 1.57 0.62 -21.33 18.71 -6.00
27.48 27.34 51.37 -101.11 14.39 22.88 -13.25 -15.75 24.31 -8.63 -11.43 -18.43
Net Cash Flow -9.18 4.08 -5.64 1.42 1.69 -1.58 3.90 1.04 -1.13 0.09 -3.49 -0.14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 118.59 139.97 140.04 154.66 558.31 949.52 1,343.07 2,627.30 3,468.48 4,292.56 3,432.23 3,244.01
Inventory Days 118.75 87.65 166.48 248.33 4,106.01 2,509.13 5,760.72 13,846.04 13,885.13 19,046.83 9,301.87 7,074.63
Days Payable 28.08 56.53 176.98 393.06 5,907.44 4,636.67 9,806.38 14,524.42 6,136.92 8,482.39 2,109.60 1,837.25
Cash Conversion Cycle 209.25 171.09 129.54 9.92 -1,243.12 -1,178.02 -2,702.59 1,948.92 11,216.69 14,857.00 10,624.50 8,481.39
Working Capital Days 203.65 161.68 232.53 106.56 294.00 705.50 713.19 2,469.03 11,021.82 10,623.51 12,706.23 8,428.18
ROCE % 20.46% 19.96% -2.81% -2.69% -0.42% -2.89% -4.17% -8.60% -1.46% -1.10% -1.39% -0.83%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 15.14 16.13 15.68 15.68
14.54 14.54 14.54 14.54 14.54 14.54 14.54 13.52 9.59 9.57 9.57 13.98
13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 13.79 9.38
56.53 56.53 56.53 56.53 56.53 56.53 56.53 57.55 61.48 60.50 60.95 60.95

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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