Khaitan (India) Ltd

₹ 126 -0.51%

13 Jun 4:01 p.m.

khaitansugar.com BSE: 590068 NSE: KHAITANLTD

About

Incorporated in 1936, Khaitan (India) Ltd manufactures sugar and trades in electrical
goods^[1]

Key Points

Business Overview:^[1]
Company cultivates sugarcane in its captive
farms and utilizes the same for manufacturing
sugar in its factory and it also deals in electrical goods and is the owner of Khaitan a brand that fetches royalty from its users.

Website BSE NSE - BE

Market Cap ₹ 58.5 Cr.
Current Price ₹ 126
High / Low ₹ 168 / 71.0
Stock P/E 8.37
Book Value ₹ 57.7
Dividend Yield 0.00 %
ROCE 27.0 %
ROE 29.3 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 27.9% CAGR over last 5 years
Debtor days have improved from 42.5 to 30.8 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 6.50% over past five years.
Company has a low return on equity of 11.1% over last 3 years.
Promoters have pledged 32.7% of their holding.
Earnings include an other income of Rs.2.75 Cr.
Company's cost of borrowing seems high

* 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

Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	16.61	17.87	13.84	14.76	12.99	13.73	14.96	13.72	15.96	19.39	14.77	17.89	25.57
	19.62	17.12	13.44	14.44	14.98	12.32	13.87	13.04	15.64	16.63	13.49	16.35	24.12
Operating Profit	-3.01	0.75	0.40	0.32	-1.99	1.41	1.09	0.68	0.32	2.76	1.28	1.54	1.45
OPM %	-18.12%	4.20%	2.89%	2.17%	-15.32%	10.27%	7.29%	4.96%	2.01%	14.23%	8.67%	8.61%	5.67%
	1.79	0.04	0.10	1.61	3.87	0.07	0.08	0.08	0.97	0.10	0.13	0.11	2.41
Interest	0.12	0.65	0.75	0.73	0.32	0.60	1.27	0.70	0.30	0.68	0.62	0.67	0.31
Depreciation	0.45	0.45	0.45	0.45	0.62	0.49	0.49	0.49	-0.99	0.10	0.10	0.07	0.08
Profit before tax	-1.79	-0.31	-0.70	0.75	0.94	0.39	-0.59	-0.43	1.98	2.08	0.69	0.91	3.47
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.38%	0.86%
	-1.79	-0.31	-0.70	0.75	0.94	0.39	-0.59	-0.43	1.97	2.08	0.69	0.77	3.44
EPS in Rs	-3.77	-0.65	-1.47	1.58	1.98	0.82	-1.24	-0.91	4.15	4.38	1.45	1.62	7.24
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29.71	26.65	9.12	15.74	79.08	100.25	56.65	45.27	52.26	59.46	58.37	77.61
	26.28	26.30	10.97	13.35	76.96	95.60	58.01	43.42	52.73	59.42	54.35	70.58
Operating Profit	3.43	0.35	-1.85	2.39	2.12	4.65	-1.36	1.85	-0.47	0.04	4.02	7.03
OPM %	11.54%	1.31%	-20.29%	15.18%	2.68%	4.64%	-2.40%	4.09%	-0.90%	0.07%	6.89%	9.06%
	0.42	0.78	0.66	4.04	3.82	0.43	0.44	0.39	2.01	5.63	1.20	2.75
Interest	4.28	4.85	4.61	1.78	2.21	2.68	2.18	2.95	3.03	3.02	3.39	2.28
Depreciation	1.41	1.77	1.76	2.14	2.07	1.81	1.81	1.80	1.80	1.97	0.49	0.35
Profit before tax	-1.84	-5.49	-7.56	2.51	1.66	0.59	-4.91	-2.51	-3.29	0.68	1.34	7.15
Tax %	0.00%	1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	129.88%	0.00%	0.00%	0.00%	2.38%
	-1.84	-5.59	-7.56	2.51	1.66	0.59	-4.91	-5.77	-3.29	0.68	1.34	6.98
EPS in Rs	-3.87	-11.77	-15.92	5.28	3.49	1.24	-10.34	-12.15	-6.93	1.43	2.82	14.69
Dividend Payout %	0.00%	0.00%	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:	11%
5 Years:	7%
3 Years:	14%
TTM:	33%

Compounded Profit Growth
10 Years:	12%
5 Years:	28%
3 Years:	60%
TTM:	1269%

Stock Price CAGR
10 Years:	34%
5 Years:	%
3 Years:	38%
1 Year:	56%

Return on Equity
10 Years:	-4%
5 Years:	-2%
3 Years:	11%
Last Year:	29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75	4.75
Reserves	48.44	41.91	34.35	37.06	32.37	30.35	19.09	15.39	12.74	13.88	15.49	22.64
	43.64	46.67	46.08	33.08	36.62	21.32	19.77	17.80	15.38	10.24	11.72	10.55
	9.87	9.53	9.57	19.85	40.49	47.75	39.82	40.49	43.71	42.53	37.87	32.82
Total Liabilities	106.70	102.86	94.75	94.74	114.23	104.17	83.43	78.43	76.58	71.40	69.83	70.76
	61.94	59.43	58.16	56.20	54.14	52.52	50.73	51.57	49.65	48.02	47.50	47.27
CWIP	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	16.50	16.50	13.32	13.32	11.08	9.41	2.89	2.89	2.89	2.46	2.46	4.93
	28.26	26.93	23.24	25.22	49.01	42.24	29.81	23.97	24.04	20.92	19.87	18.56
Total Assets	106.70	102.86	94.75	94.74	114.23	104.17	83.43	78.43	76.58	71.40	69.83	70.76

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1.57	3.02	0.59	10.95	1.86	17.91	3.29	4.69	6.22	7.48	0.83	4.87
	-0.56	0.48	3.27	0.19	-3.15	0.21	0.31	0.26	-1.02	0.01	0.30	-0.23
	-1.71	-3.29	-3.92	-11.15	1.34	-17.98	-3.73	-4.93	-4.91	-7.59	-1.40	-3.46
Net Cash Flow	-0.70	0.21	-0.06	-0.01	0.04	0.13	-0.12	0.02	0.29	-0.09	-0.26	1.18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	7.99	9.45	24.01	43.36	103.76	82.54	76.29	83.29	86.05	54.57	42.02	30.80
Inventory Days	345.67	299.25	814.35	113.18	52.83	31.83	44.55	58.13	34.84	45.47	49.53	35.50
Days Payable	125.64	101.35	258.41	488.18	144.04	145.61	187.46	224.21	183.36	169.16	180.92	136.84
Cash Conversion Cycle	228.02	207.35	579.95	-331.64	12.55	-31.25	-66.62	-82.80	-62.48	-69.12	-89.37	-70.54
Working Capital Days	97.30	97.93	155.29	-109.69	23.03	-28.58	-78.28	-142.79	-145.41	-144.56	-142.95	-79.48
ROCE %	2.51%	-1.01%	-3.59%	5.36%	5.19%	5.02%	-5.46%	1.08%	-0.73%	7.52%	12.82%	26.98%

Shareholding Pattern

Numbers in percentages

7 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	60.24%	60.25%	60.25%	60.25%	60.25%	60.25%	60.25%	60.25%	60.24%	60.24%	60.24%	60.24%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	39.73%	39.72%	39.74%	39.73%	39.74%	39.73%	39.74%	39.72%	39.74%	39.74%	39.73%	39.73%
No. of Shareholders	4,147	4,210	4,417	4,349	4,449	4,418	4,566	5,571	5,411	5,515	5,595	5,759

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	60.24%	60.24%	60.24%	60.24%	60.24%	60.24%	60.25%	60.25%	60.24%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	39.73%	39.73%	39.73%	39.73%	39.73%	39.73%	39.73%	39.72%	39.73%
No. of Shareholders	3,085	3,138	3,514	3,524	3,537	4,104	4,349	5,571	5,759

* 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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Khaitan (India) Ltd

Khaitan (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports