Kandagiri Spinning Mills Ltd - Stock Valuation and Financial Performance

BSE: 521242 | NSE: KANDAGIRI | Textile - Spinning | Small Cap

Kandagiri Spg Mills Share Price

24.88 0.48 1.97%
as on 28-Mar'24 16:01

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Kandagiri Spinning Mills stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
9.6 Cr.
52-wk low:
12
52-wk high:
29.5

Is Kandagiri Spinning Mills Ltd an attractive stock to invest in?

1. Is Kandagiri Spinning Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kandagiri Spinning Mills Ltd is a average quality company.

2. Is Kandagiri Spinning Mills Ltd undervalued or overvalued?

The key valuation ratios of Kandagiri Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kandagiri Spinning Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kandagiri Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kandagiri Spg Mills:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kandagiri Spinning Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.7%7.1%-1.5%-10.6%-5.6%-18.2%-35.3%2.9%10.6%27.4%-
Value Creation
Index
-0.4-0.5-1.1-1.8-1.4-2.3NANANA1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1941891457854.469.626.62.53.21.21
Sales YoY Gr.--2.2%-23.5%-46.1%-30.3%27.9%-61.8%-90.4%25.6%-61.4%-
Adj EPS 10.63.8-29.5-56.3-29.2-45.2-40.6-2.4-0.74-0.7
YoY Gr.--63.9%-867.2%NANANANANANANA-
BVPS (₹) 7478.249.596.56415.6-14.5-16.9-16.2-12.2-14.5
Adj Net
Profit
4.11.5-11.3-21.7-11.2-17.4-15.6-0.9-0.31.50
Cash Flow from Ops. 22.816.78.49-6.3-5.5-24.92.70.61.3-
Debt/CF from Ops. 45.210.97.5-9.4-9.4-0.65.424.710.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -43%-53.1%-64.1%-61.4%
Adj EPS -10.4%NANANA
BVPS-181.9%-171.8%NANA
Share Price -8.9% 2.8% 43.2% 37.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.52.9-24.8-56.1-36.4-113.5-7163.715.54.1-285.2
Op. Profit
Mgn %
13.411.36.4-8.2-8.4-10.5-34.9-18.4-8.7-20.1-4.6
Net Profit
Mgn %
2.10.8-7.8-27.8-20.7-25-58.8-36.9-8.1124.2-21.6
Debt to
Equity
3.22.94.81.82.48.6-2.8-2.2-2.3-3.1-
Working Cap
Days
11212917324825222937657726567329
Cash Conv.
Cycle
6669102157171100108-58-200-283-85

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.20%

Sales growth is good in last 4 quarters at 74.19%

Sales growth has been subdued in last 3 years -64.09%

Latest Financials - Kandagiri Spinning Mills Ltd.

Standalone Consolidated
TTM EPS (₹) -0.7 -1.8
TTM Sales (₹ Cr.) 1.2 1.2
BVPS (₹.) -14.5 -14.5
Reserves (₹ Cr.) -9 -9
P/BV -1.71 -1.72
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 12.00 / 29.48
All Time Low / High (₹) 3.60 / 134.90
Market Cap (₹ Cr.) 9.6
Equity (₹ Cr.) 3.9
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Kandagiri Spg Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kandagiri Spg Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales193.61189.36144.7878.0354.3869.5526.572.543.191.23
Operating Expenses 167.77168.07135.5384.4558.9677.0235.843.013.461.48
Manufacturing Costs24.5125.8424.0511.3413.8211.867.490.0100
Material Costs117.64114.5386.5057.2035.9256.0123.432.513.101.22
Employee Cost 18.7820.4019.1012.237.798.144.060.120.080.10
Other Costs 6.847.295.873.691.421.010.870.370.280.16
Operating Profit 25.8421.299.25-6.43-4.58-7.48-9.27-0.47-0.28-0.25
Operating Profit Margin (%) 13.3%11.2%6.4%-8.2%-8.4%-10.7%-34.9%-18.4%-8.7%-20.1%
Other Income 0.300.430.270.550.691.396.781.532.593.25
Interest 12.0611.9213.2713.108.536.535.291.701.601.32
Depreciation 7.837.547.597.123.713.212.110.290.290.29
Exceptional Items -0.450015.45-0.85-2.77-0.48000
Profit Before Tax 5.802.27-11.34-10.65-16.98-18.59-10.38-0.940.431.39
Tax 1.980.7100-5.3601.9800.15-0.14
Profit After Tax 3.821.56-11.34-10.65-11.61-18.59-12.36-0.940.281.53
PAT Margin (%) 2.0%0.8%-7.8%-13.7%-21.4%-26.7%-46.5%-36.8%8.6%124.2%
Adjusted EPS (₹)9.94.0-29.5-27.7-30.2-48.3-32.1-2.40.74.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 50.1251.4940.1537.1324.646-5.56-6.50-6.22-4.69
Share Capital 3.863.863.863.863.863.863.863.863.863.86
Reserves 46.2647.6336.3033.2820.782.14-9.42-10.36-10.08-8.55
Minority Interest0000000000
Debt60.0872.6771.1858.5851.4945.5312.8714.420.5913.83
Long Term Debt24.8632.2336.0928.5622.9423.1512.8714.420.5913.83
Short Term Debt35.2340.4335.0930.0228.5522.380000
Trade Payables13.4012.3012.732.184.515.981.963.611.572.69
Others Liabilities 50.1634.1340.4515.8812.4920.119.284.3018.443.54
Total Liabilities 173.77170.59164.50113.7893.1377.6218.5515.8314.3815.37

Fixed Assets

Gross Block215.22216.01217.9979.7060.1332.7213.4113.4113.4113.41
Accumulated Depreciation109.65117.46125.015.607.246.301.862.152.442.73
Net Fixed Assets105.5798.5592.9774.1052.9026.4111.5511.2610.9610.67
CWIP 00.2700000000
Investments 2.012.012.012.472.141.551.551.551.552
Inventories37.4343.183621.9726.7215.160.79000
Trade Receivables10.649.3418.045.282.832.873.031.1301.29
Cash Equivalents 0.851.540.690.160.180.150.160.29-0.020.05
Others Assets17.2615.7014.789.808.3731.471.481.611.891.36
Total Assets 173.77170.59164.50113.7893.1377.6218.5515.8314.3815.37

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22.7916.738.388.98-6.29-5.53-24.902.680.581.34
PBT 5.802.27-11.34-26.10-16.98-18.59-10.38-0.940.431.39
Adjustment 18.9218.4019.8019.0512.2311.172.421.971.101.09
Changes in Working Capital -0.89-3.910.1316.03-1.431.95-17.131.75-0.76-1.21
Tax Paid -1.04-0.03-0.210-0.12-0.060.18-0.10-0.180.06
Cash Flow From Investing Activity -2.32-0.60-1.1327.4222.5010.9743.960.030.790.07
Capex -2.51-0.92-1.4027.1820.980.1143.9100.760
Net Investments -0.01000.011.330.410000
Others 0.200.320.260.230.1910.450.050.030.030.07
Cash Flow From Financing Activity -20.59-15.52-7.88-36.42-16.14-5.49-19.02-2.51-1.68-1.32
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -10.73-9.585.90-19.87-7.131.25-8.85-0.81-0.090
Interest Paid -10.80-11.15-12.44-12.49-8.05-6.40-5.02-1.70-1.59-1.32
Dividend Paid 0000000000
Others 0.945.21-1.35-4.07-0.97-0.34-5.16000
Net Cash Flow -0.130.61-0.63-0.020.06-0.060.030.19-0.310.09
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.375.32-46.14-37.93-37.61-121.46N/AN/AN/AN/A
ROCE (%)14.6112.031.72.29-9-17.08N/AN/AN/AN/A
Asset Turnover Ratio1.131.10.870.560.530.810.550.150.210.08
PAT to CFO Conversion(x)5.9710.72N/AN/AN/AN/AN/AN/A2.070.88
Working Capital Days
Receivable Days231934552715412990383
Inventory Days6278100136163110110000
Payable Days28415348343462405305636

Kandagiri Spinning Mills Ltd Stock News

Kandagiri Spinning Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kandagiri Spg Mills on 28-Mar-2024 16:01 is ₹24.88.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Kandagiri Spg Mills stood at ₹9.58.
The latest P/E ratio of Kandagiri Spg Mills as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Kandagiri Spg Mills as of 28-Mar-2024 16:01 is -1.71.
The 52-week high of Kandagiri Spg Mills is ₹29.48 and the 52-week low is ₹12.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kandagiri Spg Mills is ₹1.23 ( Cr.) .

About Kandagiri Spinning Mills Ltd

Kandagiri Spinning Mills Limited was incorporated in 1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and K.R. Manicka Mudaliar who had been doyers in Textile Business at Salem. Due to their strenuous efforts over decades, the company has flowered into a major industrial concern presently boasting of a total spindleage of 50,588 and 336 OE Rotors in two units, first at Udayapatti, Salem (25,100 spindles) and another at Seshanchavadi (25,488 spindles).

There has been a continuous expansion and modernization at these units. The company manufactures Carded, Combed, Auto coned, TFO, Ring Doubled Yarn. It is making large profits and declaring sizeable dividends year after year.

The company went for Public Issue in January 1995 as a Premium Issue which was a roaring success; it was oversubscribed 9 times. The company’s paid up capital consists of 38, 49,250 shares of Rs. 10/- each. The company’s shares are listed in Mumbai, Chennai and Coimbatore Stock Exchanges.

Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for excellence in every sphere of its activities. Quality, best services, customer friendly and steady development are its policies. The company is committed to Corporate Governance in fulfilling its quest for achieving significant growth with profits. The award of ISO 9001:2000 & EMS 14001:2004 Accreditation to the company is a fitting testimony in this regard.

Product range of the company includes:

  • Single yarn - Weaving - Cared
  • Combed
  • Knitting - Carded
  • Compact Yarn 
  • Double Yarn - Ring Doubled - Carded 
  • Gassed Yarn - Combed
  • Open End 

Achievements/ recognition:

The ISO 9001:2000 & EMS 14001:2004 Accreditation

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