KCP Ltd - Stock Valuation and Financial Performance

BSE: 590066 | NSE: KCP | Cement & Construction Materials | Small Cap

KCP Share Price

180.75 -6.55 -3.50%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on KCP

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

KCP stock performance -

mw4me loader
P/E Ratio (SA):
125.17
Market Cap:
2,414.7 Cr.
52-wk low:
99.5
52-wk high:
233.7

Is KCP Ltd an attractive stock to invest in?

1. Is KCP Ltd a good quality company?

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

2. Is KCP Ltd undervalued or overvalued?

The key valuation ratios of KCP Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is KCP Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of KCP Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of KCP:

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.
KCP 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 % 4.3%6.4%9.5%8.4%12.7%6.5%3.9%19%14.7%-0.2%-
Value Creation
Index
-0.7-0.5-0.3-0.4-0.1-0.5-0.70.40.1-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6376077508181,0151,1429381,2951,5841,6721,716
Sales YoY Gr.--4.7%23.5%9.1%24.1%12.5%-17.9%38.1%22.4%5.5%-
Adj EPS 0.11.33.42.76.83.1-0.511.910-2.11.5
YoY Gr.-1118.2%152.2%-21.6%155.1%-54.6%-116.6%NA-16.2%-121%-
BVPS (₹) 27.627.830.131.936.238.136.348.156.253.153.3
Adj Net
Profit
1.417.343.634.187.239.5-6.5153129-26.919
Cash Flow from Ops. 22.513016796.216377.714113084.991.8-
Debt/CF from Ops. 20.23.52.44.32.97.23.6343.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%10.5%21.3%5.5%
Adj EPS -238.7%-179.1%NA-121%
BVPS7.5%8%13.5%-5.5%
Share Price 18.5% 15.3% 27.9% 66.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.44.811.78.519.98.3-1.428.219.1-3.82.8
Op. Profit
Mgn %
9.816.119.717.615.610.68.422.813.81.24.6
Net Profit
Mgn %
0.22.95.84.28.63.5-0.711.88.1-1.61.1
Debt to
Equity
1.31.31111.11.10.60.50.4-
Working Cap
Days
15316112311210210112184739354
Cash Conv.
Cycle
485044403336411920303

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.25%

Debt to equity has declined versus last 3 years average to 0.44

Return on Equity has declined versus last 3 years average to 2.80%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.42%

Latest Financials - KCP Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 12.8
TTM Sales (₹ Cr.) 1,716 2,820
BVPS (₹.) 53.3 106.9
Reserves (₹ Cr.) 674 1,365
P/BV 3.52 1.75
PE 125.17 14.64
From the Market
52 Week Low / High (₹) 99.45 / 233.70
All Time Low / High (₹) 11.12 / 233.70
Market Cap (₹ Cr.) 2,415
Equity (₹ Cr.) 12.9
Face Value (₹) 1
Industry PE 42.5

Management X-Ray of KCP:

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

Login/Register to view analysis.

Analyst's Notes

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
Sales6376077508181,0151,1429381,2951,5841,672
Operating Expenses 5755106036758571,0218601,0001,3671,651
Manufacturing Costs240207183265355408329353586827
Material Costs147124213179170240189269270340
Employee Cost 525366789386809310088
Other Costs 136126140152239288261285410396
Operating Profit 62981471431581217829521821
Operating Profit Margin (%) 9.7%16.1%19.6%17.5%15.6%10.6%8.4%22.8%13.7%1.2%
Other Income 201246482233426450
Interest 46504648363665513535
Depreciation 34343949495271696566
Exceptional Items 0-1-10-900000
Profit Before Tax 124655311255-25217182-31
Tax 0822193115-196353-6
Profit After Tax 11643348140-7153129-26
PAT Margin (%) 0.2%2.7%5.7%4.1%8.0%3.5%-0.7%11.8%8.2%-1.5%
Adjusted EPS (₹)0.01.23.32.66.33.1-0.511.910.0-2.0
Dividend Payout Ratio (%)-489%61%30%76%16%33%-29%17%10%-5%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 363359387411466491467620724684
Share Capital 21131313131313131313
Reserves 342346375398453478454607711671
Minority Interest0000000000
Debt402360301306395447384290248213
Long Term Debt313318254222336333270248179131
Short Term Debt8942478459114115426982
Trade Payables574828385272114768698
Others Liabilities 212286334314342370338448506483
Total Liabilities 1,0341,0521,0501,0691,2551,3801,3041,4331,5641,478

Fixed Assets

Gross Block7478561,0087277511,0891,1651,1751,2151,234
Accumulated Depreciation2332643024997148219287352415
Net Fixed Assets514592706679654941946888864819
CWIP 150102114325340122046
Investments 29292929292929292927
Inventories124148121117127177152119182207
Trade Receivables45163032262943636775
Cash Equivalents 20331922273035183202117
Others Assets15213213514713913387132215226
Total Assets 1,0341,0521,0501,0691,2551,3801,3041,4331,5641,478

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2213016796163781411308592
PBT 124655211255-25217182-31
Adjustment 59758191426794774350
Changes in Working Capital -323735-3528-3380-130-10978
Tax Paid -6-6-14-12-19-11-7-33-31-5
Cash Flow From Investing Activity -83-52-55-50-193-110-141430-9
Capex -102-62-58-52-235-126-45-20-26-24
Net Investments 0000000002
Others 201032421631345513
Cash Flow From Financing Activity 27-65-127-422831-120-162-114-85
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 11042-61-3211424-51-41-69-48
Interest Paid -45-49-45-47-35-34-56-45-30-34
Dividend Paid -1-2-230-26-13-13-2-26-13
Others -37-56237-25550-731110
Net Cash Flow -3313-144-1-17-170-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.364.611.498.4718.538.26-1.4128.2119.25-3.63
ROCE (%)6.069.1413.9712.5316.819.123.9126.8920.910.4
Asset Turnover Ratio0.730.670.820.90.910.870.70.951.291.26
PAT to CFO Conversion(x)228.133.882.822.011.95N/A0.850.66N/A
Working Capital Days
Receivable Days2316101210914151214
Inventory Days60715746424964382837
Payable Days1381546567979417912911099

KCP Ltd Stock News

KCP Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KCP on 12-Apr-2024 10:20 is ₹180.8.
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 12-Apr-2024 10:20 the market cap of KCP stood at ₹2,414.7.
The latest P/E ratio of KCP as of 12-Apr-2024 10:20 is 125.2.
The latest P/B ratio of KCP as of 12-Apr-2024 10:20 is 3.52.
The 52-week high of KCP is ₹233.7 and the 52-week low is ₹99.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KCP is ₹1,716 ( Cr.) .

About KCP Ltd

KCP is a diversified $50 million  business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology. KCP's cement division has a state-of-the-art cement manufacturing plant at Macherla in Andhra Pradesh. It was India’s 1st dry process kiln installed in 1958 by HUMBOLDT, Germany even while it was still a prototype in Europe. Strong emphasis on new technology characterizes all operations at KCP’s Macherla plant.

In 1962 KCP installed a second wet process kiln in collaboration with FIVES LILLIE CAIL, France. KCP’s 100% modernized cement plant with a World Bank funded outlay of Rs 367 million incorporates the latest technology such as the energy-efficient dry process, with a two support kiln and a five stage pre-heater with flash calciner. KCP also incorporates a sophisticated centralized process control system with hardware and software from SIEMENS, Germany.

KCP has successfully designed and built a mobile launch pedestal (MLP) for Indian Space Research Organization's (ISRO) Satish Dhavan Space Centre at Sreeharikotta. It is on such platforms that the launch vehicles will carry the remote sensing satellites and communication satellites. The launch vehicle together with the MLP would weigh around 900 tonne and is a result of the joint initiative by the scientists of the ISRO and KCP Engineers.

The heavy engineering division of The KCP Limited, established in 1955,  is a sprawling, hi-tech complex that can roll out the entire range of heavy mechanical equipment for the core sector industries. This complex is one of the largest, well integrated workshops of its kind and has facilities for casting, fabricating and machining heavy equipment.KCP has a marked presence in the supply of key mechanical machinery to the core sector industries.

When the government of Andhra Pradesh gave private enterprises the opportunity to generate their own power, KCP rose to the challenge by establishing mini-hydel projects on the Guntur Canal. Using innovative technology, KCP developed the most cost effective way to generate power from five different canal drops. The capacity of  four of these power projects is 1.5 megawatts and the fifth is 2.25 megawatts . Construction work for three of these projects are already complete ; the other two projects are nearing completion. The company is engaged in the manufacturing of - KCP Grade 53 Portland,Cement

  • 2002  KCP Biotech Limited setup at Biotech Park, Shameerpet, Hyderabad to manufacture biotech related products.
  • 2001 KCP Heavy Engineering Plant II setup at Arakonam near Chennai, to execute medium to large sized fabrication projects.
  • 1999 KCP Hydel Power Division setup at Nekkarikallu, Andhra Pradesh on the Guntur Canal of Krishna river to generate 8 MW of power.
  • 1999 KCP Vietnam Industries Limited, a fully owned subsidiary of the KCP Limited setup to manufacture sugar at Thua Thien Hue Province at Central Vietnam. This 2500 TCD plant was shifted to Son Hoa District, Phuyen Province in 2001.
  • 1999 KCP Technologies Limited setup to provide high quality IT Solutions & Engineering Technical Services.
  • 1995 FCB-KCP Limited, (now Fives Cail-KCP) setup as a joint venture with Fives Cail Group of France for the design and manufacture of Sugar Plants.
  • 1995 KCP Sugar Manufacturing Division demerger into a separate company, KCP Sugar & Industries Limited.
  • 1984 Arakonam Castings & Forgings Limited, started as a joint venture between The KCP Limited and the Tamilnadu Industrial Development Corporation (TIDCO).
  • 1984 Fuller KCP Limited, a joint venture with Fuller International Inc, USA was launched, for the design and manufacture of large-sized cement plants and other mineral processing equipment. KCP divested its stake to FL Smidth, Denmark in 1996.
  • 1967 EIMCO-KCP Limited, started as a joint venture between The KCP Limited and EIMCO Corporatation, USA. Currently a 100% subsidiary of KCP Sugar & Industries Limited.
  • 1958 KCP Cement Division, setup at Macherla, Andhra Pradesh with a state-of-the-art cement manufacturing plant. India's first dry process kiln was installed at Macherla by HUMBOLDT AG, Germany in 1958 (while still a prototype in Europe).
  • 1955 KCP Heavy Engineering Division Plant I, setup at Tiruvottiyur, Chennai consisting of an integrated manufacturing facility, which caters to a wide range of heavy mechanical equipment and sub-systems for core sector industries.
  • 1941 An 800 TCD Sugar Plant was setup at Vuyyuru, Andhra Pradesh, India by Sri. V. Ramakrishna, Founder Chairman of KCP

Awards /Achievements

The KCP Cement Division received the National Award for the Second Best Improvement in Energy Performance during the year 1996-97.

KCP Limited won both the Excellence Award as well as the Udyog Rattan Award bestowed yearly by The Institute of Economic Studies (IES) , New Delhi to organizations and individuals for their significant contribution to the Indian economy.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.