Kesoram Industries Ltd

About [ edit ]

Kesoram Industries is a multi-product and multi-location company. Automobile tyre business and Cement are its core businesses. The Company markets its automobile tyres under the brand name Birla Tyres and cement is marketed under Birla Shakti brand.(Source : 201903 Annual Report Page No: 77)

  • Market Cap 1,207 Cr.
  • Current Price 84.6
  • High / Low 90.0 / 16.8
  • Stock P/E
  • Book Value -7.76
  • Dividend Yield 0.00 %
  • ROCE 5.77 %
  • ROE -2,490 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 51.63 to 27.16 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -115.04% for last 3 years.
  • Promoters have pledged 44.82% of their holding.

Peer comparison

Sector: Diversified Industry: Diversified - Mega

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,010 1,010 733 861 801 811 641 532 427 650 714
969 986 767 773 705 796 630 524 354 558 619
Operating Profit 41 24 -34 88 95 15 11 8 73 92 96
OPM % 4% 2% -5% 10% 12% 2% 2% 2% 17% 14% 13%
Other Income 19 27 12 10 5 10 4 23 15 20 20
Interest 138 124 87 84 84 121 89 85 76 77 76
Depreciation 36 40 27 27 27 38 28 29 28 28 28
Profit before tax -114 -113 -135 -14 -11 -134 -102 -82 -16 6 11
Tax % 0% 0% 0% 88% 0% 0% 0% 0% 0% 0% -378%
Net Profit -114 -113 -135 -2 -11 -134 -102 -82 -16 6 53
EPS in Rs -7.97 -7.93 -9.46 -0.12 -0.76 -9.37 -7.18 -5.76 -1.12 0.44 3.75
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,882 3,842 3,873 2,904 2,646 2,324
3,316 3,856 3,943 2,872 2,417 2,055
Operating Profit 566 -14 -70 32 229 269
OPM % 15% -0% -2% 1% 9% 12%
Other Income 76 184 79 57 40 78
Interest 121 283 443 357 344 315
Depreciation 112 136 146 108 113 113
Profit before tax 409 -250 -580 -375 -188 -81
Tax % 7% 3% 0% 3% 0%
Net Profit 379 -242 -578 -363 -188 -38
EPS in Rs 34.52 -20.64 -42.07 -25.48 -13.15 -2.69
Dividend Payout % 7% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:-12%
TTM:-25%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:14%
TTM:85%
Stock Price CAGR
10 Years:-5%
5 Years:1%
3 Years:-7%
1 Year:186%
Return on Equity
10 Years:%
5 Years:%
3 Years:-115%
Last Year:-2490%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
46 117 137 143 143 143
Reserves 1,300 680 307 -30 -240 -253
Borrowings 2,142 3,297 4,099 3,187 2,237 2,026
835 1,238 1,574 1,671 1,072 1,330
Total Liabilities 4,322 5,333 6,117 4,970 3,212 3,245
1,874 2,544 2,890 2,772 2,167 2,113
CWIP 865 730 790 800 31 33
Investments 49 71 720 82 70 70
1,534 1,988 1,717 1,317 944 1,030
Total Assets 4,322 5,333 6,117 4,970 3,212 3,245

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020
370 79 177 775 787
-1,035 1,694 -1,137 354 -877
681 -2,117 662 -1,823 -218
Net Cash Flow 16 -343 -298 -693 -308

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -1% -0% 6%
Debtor Days 36 50 54 74 27
Inventory Turnover 4.42 2.77 4.14

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
51.39 53.18 53.18 53.18 53.18 53.13 53.13 53.13 53.13 53.13 53.13 53.13
2.52 1.50 1.51 1.52 1.46 0.86 0.08 0.08 0.00 0.00 0.00 0.00
4.39 4.26 4.15 4.06 4.07 4.05 3.80 3.70 3.74 3.77 3.56 3.56
0.25 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24
41.46 40.83 40.92 41.00 41.05 41.72 42.75 42.84 42.89 42.86 43.07 43.07

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