Kewal Kiran Clothing Ltd

About [ edit ]

Kewal Kiran Clothing is engaged in the Business of Manufacturing of wearing apparels, except fur apparels.

  • Market Cap 1,098 Cr.
  • Current Price 891
  • High / Low 1,036 / 669
  • Stock P/E 56.6
  • Book Value 351
  • Dividend Yield 4.83 %
  • ROCE 5.70 %
  • ROE 4.42 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 90.27%

Cons

  • The company has delivered a poor sales growth of -7.38% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.35% for last 3 years.
  • Earnings include an other income of Rs.17.04 Cr.
  • Company has high debtors of 157.98 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
105.92 152.26 111.45 133.11 110.19 166.65 126.19 126.64 7.01 66.98 118.04 110.70
84.43 104.44 95.92 105.61 87.72 128.85 112.84 105.15 23.17 55.76 104.58 100.54
Operating Profit 21.49 47.82 15.53 27.50 22.47 37.80 13.35 21.49 -16.16 11.22 13.46 10.16
OPM % 20.29% 31.41% 13.93% 20.66% 20.39% 22.68% 10.58% 16.97% -230.53% 16.75% 11.40% 9.18%
Other Income 3.27 4.74 7.08 6.88 1.78 6.44 5.45 3.86 5.67 4.21 4.50 2.66
Interest 1.12 1.62 2.11 2.04 2.20 2.34 2.29 1.99 1.98 2.29 1.46 1.08
Depreciation 1.53 1.74 2.43 2.36 2.42 2.41 1.76 1.64 1.76 1.65 1.69 1.60
Profit before tax 22.11 49.20 18.07 29.98 19.63 39.49 14.75 21.72 -14.23 11.49 14.81 10.14
Tax % 37.09% 31.77% 29.83% 32.82% 27.97% 20.01% 21.69% 27.35% 38.02% 20.45% 26.67% 18.74%
Net Profit 13.91 33.57 12.68 20.14 14.14 31.59 11.55 15.78 -8.82 9.14 10.86 8.24
EPS in Rs 11.29 27.24 10.29 16.34 11.47 25.63 9.37 12.80 -7.16 7.42 8.81 6.69

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
171 230 294 294 363 398 444 466 460 503 530 303
124 161 221 220 270 301 340 368 362 391 435 284
Operating Profit 46 69 73 74 93 97 104 99 98 112 95 19
OPM % 27% 30% 25% 25% 26% 24% 23% 21% 21% 22% 18% 6%
Other Income 11 8 12 12 12 8 7 17 21 22 18 17
Interest 2 2 3 3 3 3 3 3 5 7 9 7
Depreciation 6 6 6 6 5 4 4 5 6 8 8 7
Profit before tax 49 69 76 77 97 98 104 108 109 119 96 22
Tax % 33% 33% 32% 31% 31% 32% 34% 31% 33% 33% 24% 13%
Net Profit 33 46 52 53 67 66 68 75 73 80 73 19
EPS in Rs 26.39 37.51 42.30 43.34 54.39 53.74 55.13 60.52 59.43 65.17 59.26 15.76
Dividend Payout % 23% 44% 40% 40% 39% 47% 109% 31% 56% 52% 73% 146%
Compounded Sales Growth
10 Years:3%
5 Years:-7%
3 Years:-13%
TTM:-43%
Compounded Profit Growth
10 Years:-8%
5 Years:-21%
3 Years:-36%
TTM:-73%
Stock Price CAGR
10 Years:3%
5 Years:-13%
3 Years:-15%
1 Year:20%
Return on Equity
10 Years:18%
5 Years:16%
3 Years:13%
Last Year:4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
12 12 12 12 12 12 12 12 12 12 12 12
Reserves 163 185 213 242 278 307 286 362 387 418 434 421
Borrowings 16 6 15 14 12 11 29 41 48 93 91 46
30 49 45 56 68 79 96 98 109 122 99 103
Total Liabilities 221 252 285 324 371 410 424 513 557 646 637 582
40 41 43 44 43 54 60 65 70 82 83 82
CWIP 3 2 1 1 0 4 3 7 9 2 3 1
Investments 33 18 32 122 167 178 161 205 230 236 195 131
145 191 209 159 161 174 200 236 248 325 356 368
Total Assets 221 252 285 324 371 410 424 513 557 646 637 582

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
30 39 37 66 42 75 47 80 56 -0 51 97
8 -12 -14 -79 -37 -24 10 -9 -14 3 46 76
-13 -30 -26 -28 -31 -42 -79 -27 -46 -11 -70 -85
Net Cash Flow 25 -4 -3 -41 -27 9 -22 43 -4 -8 26 88

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 28% 36% 35% 30% 32% 30% 31% 30% 26% 26% 20% 6%
Debtor Days 52 47 63 59 64 71 90 83 96 129 118 158
Inventory Turnover 2.84 2.61 3.42 3.46 3.32 4.28 4.24 2.88 2.69 1.83 1.52 2.26

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.25 74.25 74.25 74.25 74.25 74.25 74.25 74.25 74.25 74.25 74.25 74.25
11.92 11.92 11.91 9.48 9.48 9.48 9.48 9.48 9.46 9.46 9.46 9.46
9.41 9.42 9.49 11.91 11.83 11.79 11.76 11.69 11.81 11.83 11.83 11.76
4.42 4.41 4.35 4.36 4.44 4.48 4.51 4.58 4.48 4.46 4.46 4.53

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