K G Denim Ltd

₹ 37.0 13.57%

01 Dec 11:42 a.m.

About

Incorporated in 1992, KG Denim Ltd manufactures denim fabrics, apparel fabrics, home textiles, and garments^[1]

Key Points

Business Overview:^[1]^[2]^[3]
KGDL is the flagship company of the KG
Group is an integrated textile apparel
and branded apparel player in India. It manufactures Denim Fabric, Apparel Fabric, Readymade Garments, and Home Textile products.

Presence across the entire value chain Co. has a direct presence in weaving, dyeing, and garmenting segments and does branded retailing and apparel business through its wholly owned subsidiary, Trigger Apparel Ltd. own retail outlets under its Trigger brand and distributors spread across the country.

Website BSE

Market Cap ₹ 94.9 Cr.
Current Price ₹ 37.0
High / Low ₹ 38.0 / 22.1
Stock P/E
Book Value ₹ 12.4
Dividend Yield 0.00 %
ROCE -5.28 %
ROE -46.9 %
Face Value ₹ 10.0

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Pros

Company's working capital requirements have reduced from 83.0 days to 59.8 days

Cons

Stock is trading at 2.99 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -5.75% over past five years.
Company has a low return on equity of -20.0% over last 3 years.

* 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: Textiles Industry: Textiles - Cotton/Blended

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	95.28	138.03	150.42	124.87	157.67	163.78	165.25	190.70	132.91	117.60	91.35	65.29	67.12
	90.29	122.03	150.24	118.53	147.60	151.37	167.04	185.14	132.42	119.24	98.59	68.85	66.79
Operating Profit	4.99	16.00	0.18	6.34	10.07	12.41	-1.79	5.56	0.49	-1.64	-7.24	-3.56	0.33
OPM %	5.24%	11.59%	0.12%	5.08%	6.39%	7.58%	-1.08%	2.92%	0.37%	-1.39%	-7.93%	-5.45%	0.49%
	0.03	0.87	1.05	0.93	1.28	0.46	3.60	0.72	1.84	1.08	0.94	0.46	0.80
Interest	5.81	5.07	6.82	5.33	5.84	7.49	6.38	5.86	5.85	4.84	6.66	5.50	5.47
Depreciation	4.26	5.19	2.12	4.97	4.58	4.57	1.61	3.72	3.74	3.78	4.59	3.89	3.85
Profit before tax	-5.05	6.61	-7.71	-3.03	0.93	0.81	-6.18	-3.30	-7.26	-9.18	-17.55	-12.49	-8.19
Tax %	22.57%	25.11%	51.88%	30.03%	27.96%	43.21%	-19.58%	28.18%	31.27%	17.21%	25.93%	25.62%	25.15%
	-3.91	4.95	-3.71	-2.12	0.67	0.46	-7.39	-2.37	-4.99	-7.60	-13.00	-9.29	-6.13
EPS in Rs	-1.53	1.93	-1.45	-0.83	0.26	0.18	-2.70	-0.94	-1.94	-2.87	-5.18	-3.63	-2.04
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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
	427	549	628	617	714	693	712	723	508	435	610	530	341
	382	490	578	568	631	616	676	670	493	411	583	533	353
Operating Profit	45	59	50	49	82	77	37	54	15	24	27	-3	-12
OPM %	11%	11%	8%	8%	12%	11%	5%	7%	3%	6%	4%	-1%	-4%
	3	4	3	3	6	4	5	2	3	2	6	5	3
Interest	24	27	29	29	34	28	26	26	24	23	25	23	22
Depreciation	13	12	13	21	21	15	14	17	19	15	16	16	16
Profit before tax	11	24	11	2	34	39	2	12	-25	-12	-7	-37	-47
Tax %	33%	33%	37%	83%	40%	40%	48%	31%	35%	44%	-12%	25%
	7	16	7	0	20	23	1	9	-16	-7	-8	-28	-36
EPS in Rs	2.92	6.18	2.63	0.14	7.96	9.11	0.35	3.33	-6.40	-2.57	-3.14	-10.91	-13.72
Dividend Payout %	26%	12%	29%	520%	9%	8%	212%	23%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	0%
5 Years:	-6%
3 Years:	1%
TTM:	-48%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-36%
TTM:	-152%

Stock Price CAGR
10 Years:	9%
5 Years:	-4%
3 Years:	14%
1 Year:	-3%

Return on Equity
10 Years:	0%
5 Years:	-12%
3 Years:	-20%
Last Year:	-47%

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	Sep 2023
Equity Capital	26	26	26	26	26	26	26	26	26	26	26	26	26
Reserves	20	33	38	31	50	69	68	73	56	51	48	21	6
	110	123	129	158	149	120	161	195	196	222	225	200	214
	123	138	154	163	163	177	220	170	172	157	182	158	160
Total Liabilities	277	320	347	379	387	391	475	464	449	455	480	404	405
	94	113	121	98	137	136	168	167	186	173	165	152	145
CWIP	7	5	7	57	8	9	4	30	0	0	0	0	0
Investments	4	4	3	3	3	3	3	3	3	3	3	3	3
	173	199	215	220	238	243	300	264	260	279	312	249	258
Total Assets	277	320	347	379	387	391	475	464	449	455	480	404	405

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
	45	51	51	51	61	71	37	26	32	0	21	50
	-12	-28	-24	-54	-9	-15	-44	-34	-8	-4	-3	-3
	-33	-20	-27	2	-50	-56	9	9	-26	4	-22	-48
Net Cash Flow	0	2	1	-1	2	0	2	0	-2	1	-4	-0

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	21	22	21	22	29	26	38	33	38	61	46	50
Inventory Days	166	140	115	130	116	139	134	126	196	212	168	118
Days Payable	137	128	119	125	107	123	132	113	194	203	159	154
Cash Conversion Cycle	50	34	18	28	38	43	40	46	40	71	55	14
Working Capital Days	40	32	22	24	33	34	36	47	63	106	83	60
ROCE %	24%	30%	21%	15%	30%	30%	12%	15%	-0%	4%	6%	-5%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	58.63%	58.63%	58.74%	58.74%	58.74%	58.74%	58.74%	58.73%	58.73%	58.73%	58.73%	58.73%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	41.36%	41.36%	41.25%	41.25%	41.25%	41.25%	41.25%	41.24%	41.25%	41.25%	41.25%	41.24%
No. of Shareholders	11,006	10,689	10,972	10,425	10,023	10,064	10,277	10,268	10,032	10,017	9,942	10,003

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	58.59%	58.59%	58.63%	58.63%	58.63%	58.74%	58.73%	58.73%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
	41.38%	41.38%	41.34%	41.36%	41.36%	41.25%	41.25%	41.24%
No. of Shareholders	15,142	14,987	14,291	11,136	10,689	10,064	10,017	10,003

* 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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K G Denim Ltd

K G Denim Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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