Kalyani Investment Company Ltd

Kalyani Investment Company Ltd

₹ 3,256 -2.17%
06 Dec 1:43 p.m.
About

Kalyani Investment Co. Ltd. is a part of the Kalyani Group. The Co. is a Core Investment Company holding more than 60% of its net assets in the form of investments in equity shares of Group Companies, while more than 90% of its net assets in the form of investments in equity/preference shares of or debentures/debts in Group Companies. [1]

Key Points

Company History
Kalyani Investment Co. was formed by demerging the ‘investment business’ of Kalyani Steel Ltd. and by amalgamating the ‘Investment Undertaking’ of three wholly-owned subsidiaries(Chakrapani Investments & Trades Ltd., Surajmukhi Investment & Finance Ltd. and Gladiolla Investments Ltd.) of Kalyani Steel Ltd.
[1]

  • Market Cap 1,423 Cr.
  • Current Price 3,256
  • High / Low 3,420 / 1,650
  • Stock P/E 23.7
  • Book Value 18,086
  • Dividend Yield 0.00 %
  • ROCE 1.38 %
  • ROE 1.04 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.18 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.08% over last 3 years.
  • Earnings include an other income of Rs.25.7 Cr.

* 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: Finance Industry: Finance & Investments

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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
2 2 2 2 15 12 2 2 37 13 3 3 39
1 1 1 1 1 1 1 3 1 0 2 1 1
Operating Profit 1 1 1 1 14 11 1 -1 37 12 2 3 38
OPM % 63% 66% 34% 70% 96% 95% 51% -34% 98% 96% 51% 82% 97%
8 13 16 16 7 14 6 0 8 8 11 2 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 10 14 17 17 21 25 8 -1 45 20 13 5 41
Tax % 24% 26% 26% 29% 5% 26% 20% 23% 25% 23% 26% 26% 25%
7 10 12 12 20 19 6 -1 33 16 10 4 31
EPS in Rs 17.00 23.50 28.27 28.11 46.07 42.98 13.84 -1.42 76.70 36.03 21.76 8.52 71.20
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
38 10 28 32 42 8 31 56 58
2 2 2 3 5 3 3 3 4
Operating Profit 36 8 26 29 37 5 28 53 54
OPM % 95% 80% 92% 90% 87% 60% 91% 95% 93%
-12 -0 25 32 27 42 44 25 26
Interest 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 24 8 51 61 63 46 71 77 80
Tax % 0% -0% -0% 0% 24% 25% 20% 25%
37 28 51 61 48 35 57 58 60
EPS in Rs 84.16 63.91 116.28 139.92 110.05 79.24 130.96 133.05 137.51
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 10%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: 7%
TTM: 4%
Stock Price CAGR
10 Years: 28%
5 Years: 12%
3 Years: 34%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 4
Reserves 434 459 5,044 3,773 2,004 4,623 5,346 5,847 7,891
0 0 0 0 0 0 0 0 0
19 17 12 4 45 113 115 164 412
Total Liabilities 458 480 5,061 3,781 2,054 4,741 5,466 6,015 8,307
1 1 1 1 1 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0
Investments 457 479 5,058 3,780 2,017 4,684 5,380 5,888 7,894
0 0 2 0 36 57 86 127 413
Total Assets 458 480 5,061 3,781 2,054 4,741 5,466 6,015 8,307

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 -0 10 30 1 -23 -9 -4
-13 0 -9 -32 -1 23 9 4
0 0 0 0 0 0 0 0
Net Cash Flow 0 -0 2 -2 0 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0
Working Capital Days -25 -601 -2 -13 81 -18 -19 -12
ROCE % 2% 2% 1% 2% 1% 1% 1%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
73.60% 73.60% 74.97% 74.97% 74.97% 74.97% 74.97% 74.98% 74.98% 74.98% 74.98% 74.98%
3.15% 3.32% 3.24% 3.08% 2.96% 2.90% 2.90% 2.77% 2.72% 2.51% 2.50% 2.31%
0.32% 0.31% 0.31% 0.02% 0.02% 0.02% 0.02% 0.01% 0.02% 0.01% 0.01% 0.05%
22.93% 22.77% 21.48% 21.92% 22.05% 22.11% 22.11% 22.24% 22.27% 22.50% 22.49% 22.65%
No. of Shareholders 17,22916,70316,94317,02616,77616,86716,54516,58016,48816,64216,70218,211

* 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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