K C P Ltd

K C P Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

K C P Ltd

₹ 118 2.35%
29 Sep 12:11 p.m.
kcp.co.in BSE: 590066 NSE : KCP
About

KCP Ltd is engaged in the business of manufacture and sale of cement, sugar, heavy engineering, power generation for captive use and hospitality.[1]

Key Points

Cement Business (71% of revenues) [1]
The company owns and operates 2 cement plants in Macherla & Muktyala in Andhra Pradesh. The plants possess a combined capacity of 4.3 million TPA of premium grade cement in India.
Product portfolio includes Ordinary Portland cement, Pozzolana Portland Cement, Rapid hardening portland cement, and others. [2]

The company completed expansion of its flagship plant in Muktyala in 2019. It expanded its capacity from 1.8 MnTPA to 3.5 MnTPA. [3]

The company is also planning to set up a 0.5 MnTPA cement plant in Arakkonam, Tamil Nadu.[2]

Website BSE NSE
  • Market Cap ₹ 1,515 Cr.
  • Current Price ₹ 118
  • High / Low ₹ 138 / 91.6
  • Stock P/E 27.1
  • Book Value ₹ 95.0
  • Dividend Yield 0.09 %
  • ROCE 6.22 %
  • ROE 3.45 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Tax rate seems low
  • Company has a low return on equity of 12.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 8.59% of profits over last 3 years
  • Working capital days have increased from 57.8 days to 81.5 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: Cement Industry: Cement - South India

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
346 395 441 510 542 528 510 542 566 538 551 598 744
263 312 361 394 417 416 450 452 501 519 549 511 677
Operating Profit 83 83 80 116 125 112 60 90 65 19 2 87 67
OPM % 24% 21% 18% 23% 23% 21% 12% 17% 11% 4% 0% 15% 9%
1 1 4 23 8 1 2 14 5 5 21 7 13
Interest 14 13 12 7 10 9 8 7 9 11 9 9 13
Depreciation 23 23 23 22 22 22 22 21 23 21 23 22 22
Profit before tax 47 47 49 109 101 83 32 77 37 -8 -9 64 46
Tax % 27% 35% 35% 16% 11% 21% 20% 23% -14% 151% -31% 14% -8%
34 30 32 90 89 65 25 60 43 4 -11 56 50
EPS in Rs 1.92 2.31 2.57 5.83 5.65 4.16 1.71 3.07 1.94 -0.40 -0.78 2.48 2.35
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,016 1,136 1,061 1,188 1,296 1,231 1,476 1,661 1,424 1,693 2,108 2,254 2,431
824 1,025 933 1,020 1,033 1,010 1,219 1,429 1,232 1,328 1,733 2,079 2,255
Operating Profit 192 111 127 168 263 220 256 232 192 364 375 174 176
OPM % 19% 10% 12% 14% 20% 18% 17% 14% 13% 22% 18% 8% 7%
44 76 21 13 4 9 2 8 4 27 38 38 46
Interest 42 40 46 51 52 51 45 41 60 47 35 39 41
Depreciation 41 44 47 48 48 63 71 76 96 92 87 90 89
Profit before tax 154 103 54 81 167 116 143 124 39 252 292 84 92
Tax % 17% 17% 8% 16% 30% 17% 22% 12% -47% 25% 18% -7%
128 85 50 67 117 98 113 110 58 185 240 91 98
EPS in Rs 8.23 5.06 2.68 3.91 7.24 5.94 6.94 6.38 2.10 12.64 14.59 3.24 3.65
Dividend Payout % 48% 75% 56% 19% 14% 34% 14% 16% 7% 16% 7% 3%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 17%
TTM: 13%
Compounded Profit Growth
10 Years: -5%
5 Years: -15%
3 Years: 15%
TTM: -60%
Stock Price CAGR
10 Years: 17%
5 Years: 7%
3 Years: 25%
1 Year: 8%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 12%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 28 21 13 13 13 13 13 13 13 13 13
Reserves 469 476 484 519 602 663 723 798 825 983 1,164 1,212
353 327 467 451 479 516 556 596 549 468 437 558
340 445 388 414 501 454 515 551 586 645 768 835
Total Liabilities 1,175 1,261 1,353 1,397 1,595 1,646 1,807 1,957 1,973 2,109 2,382 2,618
591 568 570 644 973 871 908 1,186 1,180 1,096 1,058 998
CWIP 25 103 175 121 0 109 256 42 15 23 8 10
Investments 5 5 5 5 5 14 15 15 15 11 11 10
555 585 603 627 617 651 629 714 763 979 1,304 1,599
Total Assets 1,175 1,261 1,353 1,397 1,595 1,646 1,807 1,957 1,973 2,109 2,382 2,618

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
183 239 10 194 241 127 213 152 193 130 139 -72
-85 -100 -108 -46 -248 -67 -252 -139 -28 29 -26 3
-132 -82 22 -79 -49 -18 -18 -14 -161 -175 -111 68
Net Cash Flow -34 58 -76 69 -56 41 -57 -1 4 -17 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 49 28 32 20 40 25 18 18 23 25 22 25
Inventory Days 211 159 230 154 137 218 274 218 217 203 235 295
Days Payable 60 60 71 45 45 65 78 60 97 71 67 60
Cash Conversion Cycle 200 127 191 130 132 178 214 177 143 156 190 260
Working Capital Days 74 50 98 61 51 61 56 46 24 43 49 81
ROCE % 22% 17% 10% 13% 19% 13% 14% 11% 6% 18% 19% 6%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
43.76% 43.78% 43.72% 43.86% 43.86% 43.88% 43.92% 43.99% 43.98% 43.99% 44.07% 44.07%
0.18% 0.31% 0.31% 0.56% 1.42% 1.74% 2.02% 2.02% 2.15% 2.22% 2.14% 2.01%
3.23% 1.11% 0.95% 0.77% 0.65% 0.66% 0.65% 0.66% 0.64% 0.64% 0.64% 0.64%
52.83% 54.80% 55.02% 54.80% 54.07% 53.72% 53.41% 53.33% 53.21% 53.14% 53.12% 53.26%
No. of Shareholders 26,80727,55625,49727,42635,32635,20643,42943,61342,63942,02740,91640,061

* 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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