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Khaitan (India) Ltd Stock Analysis

Small Cap
Evaluated by 200 users | BSE: 590068 | NSE: KHAITANLTD |
Sugar
Khaitan India is a part of Khaitan group, is in the business of manufacturing sugar and cane cultivation. The company was incorporated in 1936. The company has a sugar unit at Plassey in Murshidabad district of West Bengal, which currently has a crushing capacity of 1,200 tons per day (TCD)....

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -2.58%1.87%0.75%1.19%-2.54%-5.05%4.69%4.3%3.79%-6.77%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 23.42625.429.726.79.115.779.110056.7
Y-o-Y Gr. Rt.-10.9%-2%16.8%-10.3%-65.8%72.6%402.4%26.8%-43.5%
Adjusted EPS (Rs.) -12.24-4.42-6.03-3.88-12.24-16.285.283.471.24-10.33
Y-o-Y Gr. Rt.-NANANANANANA-34.3%-64.3%-933.1%
Book Value per Share (Rs.) 37.8633.5729.6125.7312.03-3.8888.0378.1473.8950.2
Adjusted Net Profit -5.8-2.1-2.9-1.8-5.8-7.72.51.70.6-4.9
Net Op. Cash Flow (Rs. Cr.) 63.91.61.6-0.70.6111.917.93.3
Debt to Cash Flow from Ops 6.7410.326.5327.77-67.4778.343.0219.721.196.01
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.
Khaitan (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.3%16.3%53.3%-43.5%
Adjusted EPS NANA-225.1%-933.1%
Book Value per Share 3.233.1-17.1-32.1
Share Price -1.2% 15.7% -21.8% 3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -9.38-3.62-5.12-3.41-11.65-18.036.24.181.63-16.66
Operating Profit Margin (%) -0.0614.189.9811.541.35-20.315.162.684.64-2.4
Net Profit Margin (%) -24.85-8.09-11.27-6.2-21.82-84.7615.932.080.59-8.67
Debt to Equity 2.242.543.013.578.17-24.980.790.990.610.83
Working Capital Days 350316304279320835474156154210
Cash Conversion Cycle 151148151122131362-150-28
Entity Percentage Holding
Promoters 60.24%
Institutions 0.03%
Non-Institutions 39.73%
Pledged *32.8532.8532.8532.8532.8532.8532.8532.8532.8532.85
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Khaitan (India) Ltd's performance infers:

Khaitan (India) Ltd earnings have grown by 0%, whereas share price has appreciated 15.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Khaitan (India) Ltd share prices over the last 10 years. Here is what we found out:

Khaitan (India) Ltd share price has appreciated -3.2% annually over the past ten years.

Khaitan India is a part of Khaitan group, is in the business of manufacturing sugar and cane cultivation. The company was incorporated in 1936.

The company has a sugar unit at Plassey in Murshidabad district of West Bengal, which currently has a crushing capacity of 1,200 tons per day (TCD). The capacity is planned to go up to 1,500 TCD by 2007 and to 2,000 TCD by 2008. The company is installing a turbine to reduce fuel cost.

The company's agriculture division has 8,000 acres of land

Khaitan India is a part of Khaitan group, is in the business of manufacturing sugar and cane cultivation. The company was incorporated in 1936.

The company has a sugar unit at Plassey in Murshidabad district of West Bengal, which currently has a crushing capacity of 1,200 tons per day (TCD). The capacity is planned to go up to 1,500 TCD by 2007 and to 2,000 TCD by 2008. The company is installing a turbine to reduce fuel cost.

The company's agriculture division has 8,000 acres of land near its sugar unit, where a total of about 302,699 trees have been planted in the last 15 years. The plantations include litchi, mango, teak and kadam. It is estimated that after 10 years, the plantations might be valued anywhere between Rs 3,000 million and Rs 5,000 million.

The company has a 35% stake in Khaitan Electricals. It earns royalty income from the Khaitan brand name despite discontinuing marketing activities of KEL products.

Business areas of the company

  • The company mainly operates in manufacture and market of sugar.

The company works under three segments, namely, Marketing division, Sugar Division and Agriculture division.

Marketing division  used to market various products like lamps, bulbs, luminaries, home appliances, MCB, wires and other products.

Sugar division segment involved in manufacturing of sugar by using sugarcane.

Agriculture division segment engaged in growing and supplying of sugarcane.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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