1. Is Khaitan (India) Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Khaitan (India) Ltd is a average quality company.
2. Is Khaitan (India) Ltd undervalued or overvalued?
The key valuation ratios of Khaitan (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Khaitan (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Khaitan (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||1.9%||0.8%||1.2%||-2.5%||-5.1%||4.7%||4.3%||3.8%||-6.8%||-9.1%||-|
|Value Creation Index ⓘ||-0.9||-1.0||-0.9||-1.2||NA||-0.7||-0.7||-0.7||-1.5||-1.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-2%||16.8%||-10.3%||-65.8%||72.6%||402.4%||26.8%||-43.5%||-20.1%||-|
|Adj EPS ⓘ||-4.4||-6||-3.9||-12.2||-16.3||5.3||3.5||1.2||-10.3||-12.2||-13.3|
|YoY Gr. Rt. %||-||NA||NA||NA||NA||NA||-34.3%||-64.3%||-933.1%||NA||-|
|BVPS (₹) ⓘ||33.6||29.6||25.7||12||-3.9||88||78.1||73.9||50.2||42.4||39.2|
|Adj Net Profit ⓘ||-2.1||-2.9||-1.8||-5.8||-7.7||2.5||1.7||0.6||-4.9||-5.8||-6|
|Cash Flow from Ops. ⓘ||3.9||1.6||1.6||-0.7||0.6||11||1.9||17.9||3.3||4.7||-|
|Debt/CF from Ops. ⓘ||10.3||26.5||27.8||-67.5||78.3||3||19.7||1.2||6||3.8||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||NA||NA||-251.9%||NA|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||-3.6||-5.1||-3.4||-11.7||-18||6.2||4.2||1.6||-16.7||-26.2||-32.5|
|Op. Profit Mgn % ⓘ||14.2||10||11.5||1.4||-20.3||15.2||2.7||4.6||-2.4||4.1||3.6|
|Net Profit Mgn % ⓘ||-8.1||-11.3||-6.2||-21.8||-84.8||15.9||2.1||0.6||-8.7||-12.8||-12.9|
|Debt to Equity ⓘ||2.5||3||3.6||8.2||-25||0.8||1||0.6||0.8||0.9||-|
|Working Cap Days ⓘ||316||304||279||320||835||474||156||154||210||213||0|
|Cash Conv. Cycle ⓘ||148||151||122||131||362||-1||5||0||-28||-54||0|
Debt to equity has declined versus last 3 years average to 0.88
Sales growth is good in last 4 quarters at 17.92%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -16.97%
|TTM EPS (₹)||-13.3||-|
|TTM Sales (₹ Cr.)||49.1||-|
|BVPS (₹.) ⓘ||39.2||-|
|Reserves (₹ Cr.) ⓘ||14||-|
|From the Market|
|52 Week Low / High (₹)||19.20 / 63.80|
|All Time Low / High (₹)||5.32 / 94.40|
|Market Cap (₹ Cr.)||23.2|
|Equity (₹ Cr.)||4.8|
|Face Value (₹)||10|
|Industry PE ⓘ||18.4|
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 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.