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KPR Mill Ltd. Stock Analysis

Mid Cap
Evaluated by 1147 users | BSE: 532889 | NSE: KPRMILL |
Textile
KPR Cotton Mills Private Limited, now known as KPR Mill Limited, was originally incorporated on March 19, 2003. It journey into textiles began in the year 1984, In 1989, the group ventured into garment exports. Today KPR is a leading garment exporter as well as a largest vertically integrated...

Analysis of Financial Track Record

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.
KPR Mill Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.36%4.83%10.95%12.32%13.12%12.72%15.69%14.92%15.11%15.33%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1071,2651,6652,3712,5662,6012,8173,0253,3843,353
Y-o-Y Gr. Rt.-14.3%31.6%42.4%8.2%1.4%8.3%7.4%11.9%-0.9%
Adjusted EPS (Rs.) 9.774.313.6918.8323.0626.3236.8838.3645.9453.99
Y-o-Y Gr. Rt.--56%218.4%37.6%22.5%14.1%40.1%4%19.8%17.5%
Book Value per Share (Rs.) 77.1480.2291.73106.1123.44146.05174.01212.45246.72271.12
Adjusted Net Profit 73.632.4103142174198273283333371
Net Op. Cash Flow (Rs. Cr.) 63.826121542231020547722665.9788
Debt to Cash Flow from Ops 11.223.074.72.282.664.311.632.8712.991
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
KPR Mill Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.1%5.5%6%-0.9%
Adjusted EPS 20.9%18.6%13.6%17.5%
Book Value per Share 151715.99.9
Share Price 35.7% 13.6% 2.6% 15.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 135.3115.5318.6619.7519.422.8419.8519.8420.32
Operating Profit Margin (%) 22.714.2123.2817.8217.0618.062019.0218.1418.55
Net Profit Margin (%) 6.652.566.25.986.777.639.689.379.8511.08
Debt to Equity 1.21.291.431.180.870.80.610.410.480.42
Working Capital Days 151153123109125149140139163170
Cash Conversion Cycle 8792755457788587110124
Entity Percentage Holding
Promoters 74.71%
Institutions 17.26%
Non-Institutions 8.03%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of KPR Mill Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that KPR Mill Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of KPR Mill Ltd.'s performance infers:

KPR Mill Ltd. earnings have grown by 18.6%, whereas share price has appreciated 13.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of KPR Mill Ltd. share prices over the last 10 years. Here is what we found out:

KPR Mill Ltd. share price has appreciated 22.8% annually over the past ten years.

KPR Cotton Mills Private Limited, now known as KPR Mill Limited, was originally incorporated on March 19, 2003. It journey into textiles began in the year 1984, In 1989, the group ventured into garment exports. Today KPR is a leading garment exporter as well as a largest vertically integrated apparel company, engaged in manufacturing and marketing readymade knitted garments, knitted fabrics and cotton yarn.

In order to rationalize operations and better leverage capacities, KPR Cotton

KPR Cotton Mills Private Limited, now known as KPR Mill Limited, was originally incorporated on March 19, 2003. It journey into textiles began in the year 1984, In 1989, the group ventured into garment exports. Today KPR is a leading garment exporter as well as a largest vertically integrated apparel company, engaged in manufacturing and marketing readymade knitted garments, knitted fabrics and cotton yarn.

In order to rationalize operations and better leverage capacities, KPR Cotton Mills Private Limited purchased KPR Knits, a proprietorship concern as a going concern with effect from April 1, 2005.

KPR Mill Private Limited and KPR Spinning Mill Private Limited were consolidated into KPR Cotton Mills Private Limited through a merger process as approved by the High Court of Madras on August 19, 2006, to take effect from April 1, 2005. Consequent to the merger, the company’s name was changed from KPR Cotton Mills Private Limited to KPR Mills Limited.

KPR Mills has a cumulative capacity of 2,12,064 spindles to produce 54,000 MT of yarn per annum; 185 circular knitting machines to produce 19,000 MT of fabrics per annum; garmenting facility to produce 63 million pieces of readymade knitted apparel per annum(operating double shift) and 'State of Art' processing facility to process 23 MT per day; 40 Wind mills with total power generation capacity of 40MW.

The company has installed sophisticated machinery imported from Germany, Japan, US, Italy, Taiwan, Switzerland and many other European countries to ensure faster and efficient production, reduction of costs, optimum equipment utilization and reduced manpower.

KPR has high capacity storage facilities, modern scanning and quality assurance equipment to identify and remove impurities and contamination in cotton, air-handling equipment to protect and improve the quality of yarn and fabric and self supporting power generation capabilities. The company uses high-tech quality control requirement such as Uster Tester-4, Uster HVI Spectrum, Uster AFIS Pro, Zweigle Hairness Tester-G566, Uster Classimat Quantum.

Different working divisions of the company

Spinning

The company has 3 spinning mills with a combined capacity of 1,11,264 spindles which accounts for its enhanced yarn production. The spinning mills are involved in the production of approximately 77 MT cotton yarn with counts ranging from 16s to 34s.

Garment

The garment division has modernized machines to ensure bulk production of garments like T-shirts, polo shirts, night shirts, pyjamas, leggings, shorts and two piece sets. The garments are manufactured out of different fabrics like 100% cotton, cotton lycra, cotton viscose, yarn dyed stripes and prints. The garment unit has fully automatic storage system from Godrej, Gerber cutter from USA, PFAFF and Peagasus machines and Siemens boiler from Australia.

Printing

Printing and embroidery needs are met in-house with the imported machinery available. The presence of these machines makes the unit a truly versatile designs and embroidery outfit.

Processing

To provide end to end apparel manufacturing service, the company is constructing a new fabric processing facility at SIPCOT, Perundurai. This facility helps the company to handle all of its processing requirements, including dyeing, bleaching and compacting at one place. The processing capacity of this unit will be 23 metric tons of fabric per day. 

Quantum Knit

Quantum is the exclusive knitted garment manufacturing unit, knitting fashion trends for Men, Women and Children across the world. Among the largest garment manufacturing facilities in India, Quantum has a capacity of 50 million pieces per annum achieved by operating double shift.

Business area of the company

KPR is a  vertically integrated apparel company with International accreditations for quality control, environmental standards and social accountability, is a leading manufacturer of readymade knitted apparel, cotton knitted fabric and yarn in India having manufacturing facilities located at Coimbatore,  Sathyamangalam,  and Tirupur in Tamilnadu, South India.

Clientele:

  • Carrefour- France
  • C&A- Germany
  • Ethel Alustin Limited- UK 
  • Kiabi-  France
  • Bandos AG- Switzerland
  • Mother Care- UK
  • Innovations Club-  Germany
  • Grouppo Industry Moda SPA- Italy
  • Vetir- France
  • Primark- UK
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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