Kwality Ltd

Kwality Ltd

₹ 2.20 -4.35%
23 Feb 2021
About

Kwality Ltd. (Kwality) was incorporated in 1992 as Kwality Dairy (India) Ltd. The company was set up as a backward integration unit of Kwality Ice Creams India Ltd and was acquired by Dhingra Family in 2002. It has a large presence in Northern India. [1]

Key Points

Products Customers
It mainly markets and sells its products under the umbrella brand, "Dairy Best". Kwality manufactures various dairy products, which include pure ghee, skimmed milk powder, sterilized flavored milk, etc. [1]

  • Market Cap 53.1 Cr.
  • Current Price 2.20
  • High / Low /
  • Stock P/E
  • Book Value -145
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -54.8% over past five years.
  • 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
354.03 361.09 113.59 47.99 32.12 36.19 34.27 31.33 25.43 29.60 34.07 10.57 18.23
1,218.56 2,027.72 563.64 101.35 36.54 71.23 36.29 34.37 28.99 222.31 27.59 9.76 18.64
Operating Profit -864.53 -1,666.63 -450.05 -53.36 -4.42 -35.04 -2.02 -3.04 -3.56 -192.71 6.48 0.81 -0.41
OPM % -244.20% -461.56% -396.21% -111.19% -13.76% -96.82% -5.89% -9.70% -14.00% -651.05% 19.02% 7.66% -2.25%
0.72 0.73 0.01 0.06 0.13 0.04 0.52 0.06 0.05 2.42 -2.10 0.03 0.09
Interest 63.95 64.98 8.72 2.45 5.22 3.79 4.12 3.85 3.62 730.54 263.77 3.73 3.79
Depreciation 34.44 34.23 34.09 8.86 8.86 8.54 8.50 7.42 7.39 7.39 3.53 2.80 2.83
Profit before tax -962.20 -1,765.11 -492.85 -64.61 -18.37 -47.33 -14.12 -14.25 -14.52 -928.22 -262.92 -5.69 -6.94
Tax % 1.10% 0.00% -1.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.05% -68.41% 0.00% 0.00%
-951.65 -1,765.11 -499.38 -64.62 -18.36 -47.33 -14.12 -14.25 -14.53 -928.70 -442.79 -5.69 -6.94
EPS in Rs -39.43 -73.13 -20.69 -2.68 -0.76 -1.96 -0.59 -0.59 -0.60 -38.48 -18.35 -0.24 -0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,604 2,416 3,929 5,011 5,877 6,348 6,872 7,319 1,369 151 120 92
1,503 2,249 3,706 4,716 5,525 5,959 6,417 6,793 4,194 244 313 278
Operating Profit 101 167 224 294 352 389 455 526 -2,825 -93 -193 -186
OPM % 6% 7% 6% 6% 6% 6% 7% 7% -206% -62% -160% -201%
0 0 -2 4 12 30 14 12 -62 -1 0 0
Interest 37 65 94 117 143 161 183 247 199 16 1,002 1,002
Depreciation 4 8 10 13 25 23 22 126 130 35 26 17
Profit before tax 61 94 118 169 196 234 264 165 -3,217 -144 -1,220 -1,204
Tax % 24% 2% 10% 14% 15% 30% 26% 44% 0% 0% -15%
46 92 106 145 167 164 194 92 -3,216 -144 -1,400 -1,384
EPS in Rs 2.26 4.55 5.20 7.13 7.61 7.32 8.18 3.83 -133.25 -5.98 -58.02 -57.36
Dividend Payout % 4% 2% 2% 1% 1% 1% 1% 3% 0% 0% 0%
Compounded Sales Growth
10 Years: -23%
5 Years: -55%
3 Years: -75%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1434%
Stock Price CAGR
10 Years: -23%
5 Years: -20%
3 Years: 0%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 20 20 20 20 22 22 24 24 24 24 24
Reserves 71 161 264 408 624 819 1,087 1,232 -1,960 -2,115 -3,510
424 668 962 1,096 1,249 1,520 1,662 1,822 1,953 1,979 2,638
44 46 127 229 171 189 255 402 438 428 982
Total Liabilities 559 895 1,373 1,754 2,066 2,549 3,028 3,481 455 317 134
42 64 73 106 67 66 439 467 313 276 111
CWIP 0 0 9 22 118 194 7 56 7 7 3
Investments 0 0 0 0 0 6 0 0 0 0 0
517 831 1,292 1,626 1,880 2,283 2,583 2,958 135 34 20
Total Assets 559 895 1,373 1,754 2,066 2,549 3,028 3,481 455 317 134

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-139 -134 -110 -14 59 113 271 85 -161 1 -2
-27 -31 -28 -59 -151 -224 -275 -98 40 -0 2
167 176 199 16 104 132 38 -7 57 0 -1
Net Cash Flow -0 11 61 -56 13 22 34 -19 -63 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 94 100 94 97 82 95 84 95 16 37 26
Inventory Days 16 17 10 15 20 11 21 13 2 16 7
Days Payable 5 4 9 13 4 3 6 9 14 204 231
Cash Conversion Cycle 105 112 95 99 99 103 99 99 4 -151 -198
Working Capital Days 102 111 96 95 98 103 100 107 -93 -968 -2,925
ROCE % 23% 20% 21% 20% 19% 17% 14% -191%

Shareholding Pattern

Numbers in percentages

Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01% 24.01%
0.10% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.09% 0.10% 0.09% 0.09% 0.11% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
75.80% 75.88% 75.90% 75.90% 75.87% 75.90% 75.90% 75.90% 75.90% 75.90% 75.90% 75.90%
No. of Shareholders 1,10,3871,10,5721,07,2961,07,8641,07,2731,04,9691,05,7881,04,9751,02,9511,02,7151,02,7011,02,671

* 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.

Documents

Concalls