Khaitan (India) Ltd

₹ 71.2 3.34%

29 Apr 10:00 a.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

Market Cap ₹ 33.8 Cr.
Current Price ₹ 71.2
High / Low ₹ 95.5 / 37.5
Stock P/E 109
Book Value ₹ 38.8
Dividend Yield 0.00 %
ROCE 7.52 %
ROE -3.88 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Debtor days have improved from 74.6 to 54.6 days.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -5.54% over past five years.
Company has a low return on equity of -16.6% over last 3 years.
Promoters have pledged 32.8% of their holding.
Earnings include an other income of Rs.4.10 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

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	12.34	13.41	9.03	13.63	12.98	16.61	17.87	13.84	14.76	12.99	13.73	14.96	13.72
	12.46	13.66	8.48	13.16	11.98	19.62	17.12	13.44	14.44	14.98	12.32	13.87	13.04
Operating Profit	-0.12	-0.25	0.55	0.47	1.00	-3.01	0.75	0.40	0.32	-1.99	1.41	1.09	0.68
OPM %	-0.97%	-1.86%	6.09%	3.45%	7.70%	-18.12%	4.20%	2.89%	2.17%	-15.32%	10.27%	7.29%	4.96%
	0.06	0.15	0.04	0.04	0.14	1.79	0.04	0.10	1.61	3.87	0.07	0.08	0.08
Interest	0.50	1.00	0.70	0.95	0.74	0.12	0.65	0.75	0.73	0.32	0.60	1.27	0.70
Depreciation	0.45	0.45	0.45	0.45	0.45	0.45	0.45	0.45	0.45	0.62	0.49	0.49	0.49
Profit before tax	-1.01	-1.55	-0.56	-0.89	-0.05	-1.79	-0.31	-0.70	0.75	0.94	0.39	-0.59	-0.43
Tax %	0.00%	-210.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-1.01	-4.81	-0.56	-0.89	-0.05	-1.79	-0.31	-0.70	0.75	0.94	0.39	-0.59	-0.43
EPS in Rs	-2.13	-10.13	-1.18	-1.87	-0.11	-3.77	-0.65	-1.47	1.58	1.98	0.82	-1.24	-0.91
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	25.95	25.44	29.71	26.65	9.12	15.74	79.08	100.25	56.65	45.27	52.26	59.46	55.40
	22.27	22.90	26.28	26.30	10.97	13.35	76.96	95.60	58.01	43.42	52.73	59.42	54.21
Operating Profit	3.68	2.54	3.43	0.35	-1.85	2.39	2.12	4.65	-1.36	1.85	-0.47	0.04	1.19
OPM %	14.18%	9.98%	11.54%	1.31%	-20.29%	15.18%	2.68%	4.64%	-2.40%	4.09%	-0.90%	0.07%	2.15%
	1.30	2.19	0.42	0.78	0.66	4.04	3.82	0.43	0.44	0.39	2.01	5.63	4.10
Interest	5.63	5.14	4.28	4.85	4.61	1.78	2.21	2.68	2.18	2.95	3.03	3.02	2.89
Depreciation	1.39	1.47	1.41	1.77	1.76	2.14	2.07	1.81	1.81	1.80	1.80	1.97	2.09
Profit before tax	-2.04	-1.88	-1.84	-5.49	-7.56	2.51	1.66	0.59	-4.91	-2.51	-3.29	0.68	0.31
Tax %	0.00%	0.00%	0.00%	-1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	-129.88%	0.00%	0.00%
	-2.03	-1.88	-1.84	-5.59	-7.56	2.51	1.66	0.59	-4.91	-5.77	-3.29	0.68	0.31
EPS in Rs	-4.27	-3.96	-3.87	-11.77	-15.92	5.28	3.49	1.24	-10.34	-12.15	-6.93	1.43	0.65
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:	9%
5 Years:	-6%
3 Years:	2%
TTM:	-12%

Compounded Profit Growth
10 Years:	6%
5 Years:	%
3 Years:	23%
TTM:	115%

Stock Price CAGR
10 Years:	12%
5 Years:	17%
3 Years:	69%
1 Year:	77%

Return on Equity
10 Years:	-7%
5 Years:	-11%
3 Years:	-17%
Last Year:	-4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	4.75	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	52.26	50.28	48.44	41.91	34.35	37.06	32.37	30.35	19.09	15.39	12.74	13.88	13.68
	40.49	42.28	43.64	46.67	46.08	33.08	36.62	21.32	19.77	17.80	15.38	10.24	10.41
	7.65	8.13	9.87	9.53	9.57	19.85	40.49	47.75	39.82	40.49	43.71	42.53	42.21
Total Liabilities	105.15	105.44	106.70	102.86	94.75	94.74	114.23	104.17	83.43	78.43	76.58	71.40	71.05
	63.24	62.57	61.94	59.43	58.16	56.20	54.14	52.52	50.73	49.00	49.65	48.02	47.12
CWIP	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	16.53	16.50	16.50	16.50	13.32	13.32	11.08	9.41	2.89	2.89	2.89	2.46	2.46
	25.38	26.37	28.26	26.93	23.24	25.22	49.01	42.24	29.81	26.54	24.04	20.92	21.47
Total Assets	105.15	105.44	106.70	102.86	94.75	94.74	114.23	104.17	83.43	78.43	76.58	71.40	71.05

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	3.93	1.59	1.57	3.02	0.59	10.95	1.86	17.91	3.29	4.69	6.22	7.48
	-0.19	1.77	-0.56	0.48	3.27	0.19	-3.15	0.21	0.31	0.26	-1.02	0.01
	-3.66	-3.10	-1.71	-3.29	-3.92	-11.15	1.34	-17.98	-3.73	-4.93	-4.91	-7.59
Net Cash Flow	0.08	0.26	-0.70	0.21	-0.06	-0.01	0.04	0.13	-0.12	0.02	0.29	-0.09

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	8.44	11.62	7.99	9.45	24.01	43.36	103.76	82.54	76.29	83.29	86.05	54.57
Inventory Days	378.50	389.24	345.67	299.25	814.35	113.18	52.83	31.83	44.55	58.13	34.84	45.47
Days Payable	81.56	109.64	125.64	101.35	258.41	488.18	144.04	145.61	187.46	224.21	183.36	169.16
Cash Conversion Cycle	305.38	291.23	228.02	207.35	579.95	-331.64	12.55	-31.25	-66.62	-82.80	-62.48	-69.12
Working Capital Days	97.05	109.33	97.30	97.93	155.29	-109.69	23.03	-28.58	-78.28	-142.79	-145.41	-144.56
ROCE %	3.55%	1.91%	2.51%	-1.01%	-3.59%	5.36%	5.19%	5.02%	-5.46%	1.08%	-0.73%	7.52%

Shareholding Pattern

Numbers in percentages

40 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	60.24%	60.24%	60.24%	60.24%	60.24%	60.25%	60.25%	60.25%	60.25%	60.25%	60.25%	60.25%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	39.71%	39.71%	39.73%	39.73%	39.73%	39.72%	39.74%	39.73%	39.74%	39.73%	39.74%	39.72%
No. of Shareholders	3,513	3,626	3,809	4,104	4,147	4,210	4,417	4,349	4,449	4,418	4,566	5,571

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

* 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.

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

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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