Kkalpana lndustries (India) Ltd - Stock Valuation and Financial Performance

BSE: 526409 | NSE: | Plastic Products | Small Cap

Kkalpana lnds. (I) Share Price

10.34 0.06 0.58%
as on 23-Apr'24 15:40

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Kkalpana lndustries (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
96.7 Cr.
52-wk low:
8.5
52-wk high:
16.7

Is Kkalpana lndustries (India) Ltd an attractive stock to invest in?

1. Is Kkalpana lndustries (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kkalpana lndustries (India) Ltd is a average quality company.

2. Is Kkalpana lndustries (India) Ltd undervalued or overvalued?

The key valuation ratios of Kkalpana lndustries (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kkalpana lndustries (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kkalpana lndustries (India) 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 Kkalpana lnds. (I):

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.
Kkalpana lndustries (India) 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 % 7%6.7%9.6%9.5%9.9%12.3%12.8%9%1.6%9.6%-
Value Creation
Index
-0.5-0.5-0.3-0.3-0.3-0.1-0.1-0.4-0.9-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2331,7131,8581,9501,7282,0091,7621,55040.227266
Sales YoY Gr.-39%8.4%5%-11.4%16.3%-12.3%-12%-97.4%577.8%-
Adj EPS 22.32.82.21.92.12.81.80.40.3-0
YoY Gr.-14.9%22.5%-23%-12.4%11%30.2%-35.1%-76%-37.2%-
BVPS (₹) 24.424.525.729.131.433.936.839.13.63.83.7
Adj Net
Profit
1921.726.620.51819.925.916.942.60
Cash Flow from Ops. 44.513287.383.320417283.928.25-4.2-
Debt/CF from Ops. 10.53.54.24.21.10.81.23.93.8-11.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -15.5%-30.9%-46.3%577.8%
Adj EPS -20%-32.4%-53.9%-37.2%
BVPS-18.7%-34.5%-53.1%5.9%
Share Price -0.1% -11.8% -29.4% -9.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.59.411.27.96.36.57.84.727.4-0.5
Op. Profit
Mgn %
5.64.34.94.85.55.14.34.1-0.4-1.3-12.2
Net Profit
Mgn %
1.51.31.41.1111.51.110.10.9-0.3
Debt to
Equity
221.51.30.80.40.30.30.61.3-
Working Cap
Days
120105103941171001001212,79841120
Cash Conv.
Cycle
78626778968183942,1022490

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -46.34%

Net Profit has been subdued in last 3 years -53.92%

Debt to equity has increased versus last 3 years average to 1.29

Sales growth is not so good in last 4 quarters at -0.38%

Latest Financials - Kkalpana lndustries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -0 0
TTM Sales (₹ Cr.) 66 66
BVPS (₹.) 3.7 3.7
Reserves (₹ Cr.) 16 16
P/BV 2.76 2.76
PE 0.00 464.94
From the Market
52 Week Low / High (₹) 8.54 / 16.70
All Time Low / High (₹) 0.02 / 63.00
Market Cap (₹ Cr.) 96.7
Equity (₹ Cr.) 18.8
Face Value (₹) 2
Industry PE 36

Management X-Ray of Kkalpana lnds. (I):

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 Kkalpana lnds. (I)

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
Sales1,232.571,713.181,857.711,950.081,727.582,009.031,762.211,549.9940.16272.21
Operating Expenses 1,163.871,639.261,767.331,857.481,632.511,907.561,688.031,486.7340.31276.73
Manufacturing Costs33.9132.6936.5226.8429.1039.6640.4632.417.636.93
Material Costs1,069.021,530.801,656.091,730.521,509.931,755.161,530.961,344.0325.53261.39
Employee Cost 16.7020.8519.4322.1227.6541.6838.9931.5143.91
Other Costs 44.2454.9255.297865.8371.0777.6278.773.174.49
Operating Profit 68.6973.9390.3892.6095.07101.4774.1863.26-0.15-4.52
Operating Profit Margin (%) 5.6%4.3%4.9%4.7%5.5%5.1%4.2%4.1%-0.4%-1.7%
Other Income 13.0215.8818.8711.8411.9612.8713.7115.356.3114.97
Interest 38.5435.7951.0553.9855.2757.4445.4135.640.345.59
Depreciation 15.0821.2314.4913.1417.2616.4712.1512.452.952.46
Exceptional Items 0-24.72-26.690000000
Profit Before Tax 28.098.0717.0337.3234.5040.4230.3330.522.882.41
Tax 8.613.655.6311.0412.5314.81-0.318.11-2.420.51
Profit After Tax 19.484.4111.3926.2821.9725.6230.6422.415.301.90
PAT Margin (%) 1.6%0.3%0.6%1.3%1.3%1.3%1.7%1.4%13.2%0.7%
Adjusted EPS (₹)2.10.51.22.82.32.73.32.40.60.2
Dividend Payout Ratio (%)12%0%0%0%10%9%4%8%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 230.91232243.29274.01295.80318.53346.28367.7033.6435.69
Share Capital 18.8118.8118.8118.8118.8118.8118.8118.8118.8118.81
Reserves 212.10213.19224.47255.19276.99299.72327.47348.8814.8216.88
Minority Interest0000000000
Debt415.85374.05333.37332.35209.30120.5884.77108.5818.6846.13
Long Term Debt167.52111.3671.3266.5164.8950.3035.8923.0718.6846.13
Short Term Debt248.34262.68262.05265.84144.4170.2848.8885.5200
Trade Payables84.3960.53133.94147.28267.92290.03206.16319.452.641.07
Others Liabilities 90.32145.7768.2768.4263.3174.5768.6445.3417.3414.10
Total Liabilities 821.47812.34778.87822.05836.32803.72705.85841.0772.2997

Fixed Assets

Gross Block249.03258.72296.43224.46261.43289.41304.63294.3935.5041.11
Accumulated Depreciation69.0891.1090.4113.1429.9946.3957.3466.764.376.99
Net Fixed Assets179.95167.62206.03211.32231.43243.02247.29227.6331.1334.12
CWIP 143.5415.453.7314.014.100000.090
Investments 2.542.542.6115.1815.1815.182.372.362.883.09
Inventories133.45129.40100.08173.56155.44157.14152.29228.647.777.88
Trade Receivables270.44236.54373.83339.75334.99310.31238.52280.268.3315.13
Cash Equivalents 20.5336.5427.7815.5916.8816.9215.117.750.2310.76
Others Assets71.02224.2664.8152.6478.3061.1450.2894.4321.8626.01
Total Assets 821.47812.34778.87822.05836.32803.72705.85841.0772.2997

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 44.48131.8487.3383.30204.11171.8983.9228.184.96-4.16
PBT 28.0932.7843.7237.3234.5040.4230.3330.522.882.41
Adjustment 48.4652.0560.7071.2767.5073.2657.3661.333.278.03
Changes in Working Capital -26.0448.8812.7-19.85109.9167.624.13-58.742.01-11.7
Tax Paid -6.04-1.87-3.09-5.44-7.80-9.41-7.89-4.93-3.21-2.91
Cash Flow From Investing Activity -70.37-35.59-4.37-36.82-21.15-24.57-0.80-4.81-4.94-6.09
Capex -72.92-36.91-5.08-40.39-27.57-24.14-4.50-4.82-4.42-5.35
Net Investments 00-0.07-0.365.05-1.182.81-0.31-0.52-0.75
Others 2.551.320.783.931.380.760.890.3200
Cash Flow From Financing Activity 23.96-80.24-91.72-49.69-181.67-147.28-84.93-30.73-0.0420.79
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -10.29-56.15-40.049.38-3.39-16.55-16.59-15.23027.46
Interest Paid -38.54-35.79-51.05-51.56-53.16-55.42-44.73-34-0.17-5.60
Dividend Paid -2.60-2.64000-2.26-0.46-1.13-1.880
Others 75.3814.34-0.63-7.51-125.11-73.06-23.1619.632.01-1.07
Net Cash Flow -1.9216.01-8.77-3.211.290.04-1.81-7.36-0.0310.53
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.781.924.8310.197.718.349.226.282.645.48
ROCE (%)10.246.3310.5214.8415.6820.0616.7614.311.2111.91
Asset Turnover Ratio1.772.262.522.672.132.452.3320.093.22
PAT to CFO Conversion(x)2.2829.97.673.179.296.712.741.260.94-2.19
Working Capital Days
Receivable Days66505661705957611,31116
Inventory Days34262123342832451,07410
Payable Days2415106867134763

Kkalpana lndustries (India) Ltd Stock News

Kkalpana lndustries (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kkalpana lnds. (I) on 23-Apr-2024 15:40 is ₹10.34.
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 23-Apr-2024 15:40 the market cap of Kkalpana lnds. (I) stood at ₹96.71.
The latest P/E ratio of Kkalpana lnds. (I) as of 23-Apr-2024 15:40 is 0.00.
The latest P/B ratio of Kkalpana lnds. (I) as of 23-Apr-2024 15:40 is 2.76.
The 52-week high of Kkalpana lnds. (I) is ₹16.70 and the 52-week low is ₹8.54.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kkalpana lnds. (I) is ₹65.95 ( Cr.) .

About Kkalpana lndustries (India) Ltd

The year was 1977, the PVC industry was beginning to spread its wings. Recognizing this as an opportunity area, the Kalpena Industries made a small beginning the same year in Kolkata. From the very start, the group’s focus was clear. It established a nice for itself in the shoe & cable industries as a quality supplier of PVC compounds. After that, there was no looking back. The Group charted an aggressive strategy for growth through capacity expansion and diversification action.

Within just seven years from start of operations, Kalpena established a modern unit at Daman for the manufacture of PVC compounds. Sustained growth over the next decade necessitated another round of expansion in 1994, when the group set up a second unit in Daman. This state-of-the art plant employed the latest process technology to manufacture XLPE compounds.

Having established itself as a leader in PVC compounding, the group realized that its core strength was in “Compounding” and thus decided to look beyond PVC by setting up units to manufacture specialty compounds like Silance and Preoxide based XLPE, zero halogen FRLS, NBR/PVC, anti-fibrication, semi-conductive, automotive, cross linkable EVA foam compound and also additive master baches for both National and International markets. Further the group is diversifying into manufacturing of primary and secondary plasticizer and Engineering Plastic Compounds.

The company has very recently commissioned new Buss Ko Kneader to manufacture XLPE compound for Medium Voltage cables upto 33KV. It is first Indian manufacturer to produce this product in the country. This will result into import substitution. Very recently, it has very successfully launched PPR compound for Pipe and fittings.

Product range of the company includes:

PVC Compounds  

  • Insulation
  • Sheating
  • Insulation and Sheating for Flexible Cables, Thin Cables, Flat Cables, Heat Resistant Cables, Flame Retardent & Low Smoke Cables, Oil Resistant Cables

PE Compounds 

  • Silane Grafted XLPE Compounds  (LT / LTABC / FR / SELF CURE / MV)
  • XLPE Compounds for Vulcanization line
  • PE Jacketing
  • Zero Halogen FRLS Compounds
  • XLPE Compounds for Vulcanization line
  • Cable Insulation (upto 36 KV).
  • Telephone Cables.
  • Flame Retardent & Low Smoke Cables.
  • Medium Voltage Cables (33 KV).

Footware Compounds  

  • PVC
  • Compact & Micro cellular
  • Shoe sole, Complete Shoe, Slipper / Sandal.
  • TRA
  • Glossy, Matt, Semi - matt Transparent & colour
  • Unit sole, Heel, Mid sole.
  • PVC / NBR
  • Compact & Micro-cellular
  • Shoe sole, Complete Shoe.
  • EVA
  • Cross linked Foam
  • Slipper / Sandal.

Pipe Compounds

  • PPR
  • PEX

Recent developments

Kalpena Industries members at the Extra Ordinary General Meeting (EGM) of the Company held on April 26, 2009, have approved the increase of Authorized Share Capital from existing 12 crore to 15 crore by creating additional 30,00,000 Equity Shares of Rs 10 each. (Ordinary).

The EGM also approved the issue of 9,50,000 Compulsory Convertible Debentures (CCDs) by way of Preferential allotment to (i) Banyan Tree Growth Capital LLC. (BTGC) (ii) Financierings Maatschappij Voor Ontwikkelingslanden N V (FMO) at a price of Rs 93.15 per CCD, subject to the approval of Stock Exchange and other regulatory authorities.

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