Kamanwala Housing Construction Ltd - Stock Valuation and Financial Performance

BSE: 511131 | NSE: | Construction - Real Estate | Small Cap

Kamanwala Hsg Constn Share Price

18.57 0.47 2.60%
as on 19-Apr'24 16:01

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Kamanwala Housing Construction stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
25.6 Cr.
52-wk low:
7.7
52-wk high:
23.6

Is Kamanwala Housing Construction Ltd an attractive stock to invest in?

1. Is Kamanwala Housing Construction Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kamanwala Housing Construction Ltd is a below average quality company.

2. Is Kamanwala Housing Construction Ltd undervalued or overvalued?

The key valuation ratios of Kamanwala Housing Construction Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kamanwala Housing Construction Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kamanwala Housing Construction 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 Kamanwala Hsg Constn:

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.
Kamanwala Housing Construction Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.3%4.4%-4.4%0.7%0.5%-0.3%0.3%-0.3%0.2%-5%-
Value Creation
Index
-0.7-0.7-1.3-1.0-1.0-1.0-1.0-1.0-1.0-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 20.423.679.33817.720.92.92.62.93.95
Sales YoY Gr.-15.4%236.1%-52%-53.5%18.3%-86.4%-7.4%8%35.8%-
Adj EPS -01.2-7.9-0.20.1-0.30.1-0.20.1-2.7-5.9
YoY Gr.-NA-757.5%NANA-292.9%NA-230.8%NA-3512.5%-
BVPS (₹) 63.364.456.856.95756.856.956.856.951.150.9
Adj Net
Profit
01.7-11.1-0.30.2-0.40.2-0.20.1-3.9-8
Cash Flow from Ops. -3.9-3.612.524.418.210.2-0.9-1.80.31-
Debt/CF from Ops. -21.2-20.44.20.50.30.2-1.3-0.63.91-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.9%-26.2%10.7%35.8%
Adj EPS NA-281.1%-375.9%-3512.5%
BVPS-2.4%-2.2%-3.5%-10.2%
Share Price -2.1% 20.9% 57.4% 118%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-01.9-13-0.40.3-0.50.2-0.30.1-5.1-11.5
Op. Profit
Mgn %
-1.4-25.2-17.9-8.4-8.7-14-84-71-56.2-64.7-161.5
Net Profit
Mgn %
-0.27.2-14-0.91.1-1.86.6-9.33.9-99.3-158.2
Debt to
Equity
0.90.80.70.10.100000-
Working Cap
Days
2,9342,4696921,2452,2641,66911,28411,79610,3597,033428
Cash Conv.
Cycle
2,3621,696395446500-3,8087439731,196879362

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.74%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Kamanwala Housing Construction Ltd.

Standalone Consolidated
TTM EPS (₹) -5.9 -6
TTM Sales (₹ Cr.) 5.2 5.2
BVPS (₹.) 50.9 50.8
Reserves (₹ Cr.) 58 57
P/BV 0.36 0.36
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 7.70 / 23.64
All Time Low / High (₹) 1.00 / 157.05
Market Cap (₹ Cr.) 25.6
Equity (₹ Cr.) 14.1
Face Value (₹) 10
Industry PE 78.9

Management X-Ray of Kamanwala Hsg Constn:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.008.380.380.380.380.380.380.380.380.39
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kamanwala Hsg Constn

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
Sales20.4323.5879.2638.0117.6720.912.852.642.853.87
Operating Expenses 20.7229.5493.4541.2319.2723.855.354.524.456.61
Manufacturing Costs0.050.060.050.090.030.030.060.010.010.02
Material Costs14.9324.6785.7835.9415.2114.342.252.342.763.87
Employee Cost 1.871.681.100.970.660.270.450.030.070.05
Other Costs 3.853.136.514.223.379.222.592.141.612.66
Operating Profit -0.28-5.96-14.19-3.22-1.59-2.94-2.50-1.88-1.60-2.73
Operating Profit Margin (%) -1.4%-25.3%-17.9%-8.5%-9.0%-14.1%-87.5%-71.1%-56.3%-70.6%
Other Income 10.3216.539.844.492.332.892.861.681.800.48
Interest 10.158.096.671.510.390.170.040.010.020
Depreciation 0.220.300.290.280.240.190.250.070.040.03
Exceptional Items 2.1800.520.350000.110-6.01
Profit Before Tax 1.852.17-10.79-0.170.11-0.400.08-0.170.14-8.29
Tax 0.360.49-0.01-0.08-0.04-0.02-0.040.010.03-0.08
Profit After Tax 1.491.68-10.78-0.090.16-0.390.12-0.170.11-8.21
PAT Margin (%) 7.3%7.1%-13.6%-0.2%0.9%-1.8%4.1%-6.5%3.9%-211.0%
Adjusted EPS (₹)1.11.2-7.7-0.10.1-0.30.1-0.10.1-5.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%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 89.1590.8080.0280.1380.348080.1580.0180.1571.97
Share Capital 14.0914.0914.0914.0914.0914.0914.0914.0914.0914.09
Reserves 75.0676.7165.9366.0466.2565.9066.0665.9166.0657.88
Minority Interest0000000000
Debt72.2769.7543.1311.365.101.671.151.030.991.09
Long Term Debt13.425.705.983.612.7400000
Short Term Debt58.8564.0537.157.762.371.671.151.030.991.09
Trade Payables3.722.091.441.528.285.347.560.830.720.07
Others Liabilities 23.6320.3933.8135.0726.5014.0410.319.788.306.23
Total Liabilities 188.77183.02158.41128.08120.23101.0499.1791.6590.1779.36

Fixed Assets

Gross Block2.992.922.532.311.781.351.351.351.611.17
Accumulated Depreciation0.620.891.071.281.121.031.281.241.280.89
Net Fixed Assets2.362.031.461.030.660.320.060.100.330.28
CWIP 0000000000
Investments 21.9022.1511.0110.5515.7611.3810.329.429.729.49
Inventories72.1763.7960.2527.6523.889.549.549.549.549.54
Trade Receivables53.7136.2414.358.841.761.653.060.960.180.16
Cash Equivalents 2.501.852.480.730.371.590.170.200.270.21
Others Assets36.1256.9568.8579.2977.8076.5576.0271.4370.1259.69
Total Assets 188.77183.02158.41128.08120.23101.0499.1791.6590.1779.36

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3.88-3.5612.4724.4418.2010.18-0.90-1.840.251.04
PBT 1.852.17-10.79-0.170.11-0.400.08-0.170.14-8.17
Adjustment -0.61-3.37-3.06-2.52-0.93-2.60-2.42-1.71-1.75-0.54
Changes in Working Capital -4.2-1.8926.9227.3519.413.561.540.181.989.71
Tax Paid -0.93-0.48-0.59-0.21-0.39-0.37-0.10-0.13-0.120.05
Cash Flow From Investing Activity -2.889.4119.174.68-3.587.493.772.581.230.73
Capex -0.14-0.010.770.500.060.1400-0.260.03
Net Investments -2.74-0.2511.140.46-5.214.381.070.90-0.300.23
Others 09.677.263.711.562.972.711.681.800.47
Cash Flow From Financing Activity 7.94-6.50-31.01-30.85-14.95-16.45-4.30-0.67-1.41-1.84
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 8.56-10.450.28-2.18-0.87-2.740000
Interest Paid -10.12-7.05-5.72-1.28-0.38-0.16-0.03-0.01-0.010
Dividend Paid 0000000000
Others 9.5011.01-25.58-27.39-13.70-13.54-4.27-0.66-1.40-1.84
Net Cash Flow 1.18-0.650.63-1.73-0.331.23-1.430.070.08-0.07
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.691.87-12.62-0.110.19-0.480.15-0.210.14-10.79
ROCE (%)7.266.13-2.781.20.56-0.290.14-0.190.2-10.74
Asset Turnover Ratio0.110.130.460.270.140.190.030.030.030.05
PAT to CFO Conversion(x)-2.6-2.12N/AN/A113.75N/A-7.5N/A2.27N/A
Working Capital Days
Receivable Days1,147696116111109303012787316
Inventory Days1,2761,0522864225322921,2211,3201,222899
Payable Days89438151181731,04665610337

Kamanwala Housing Construction Ltd Stock News

Kamanwala Housing Construction Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kamanwala Hsg Constn on 19-Apr-2024 16:01 is ₹18.57.
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 19-Apr-2024 16:01 the market cap of Kamanwala Hsg Constn stood at ₹25.56.
The latest P/E ratio of Kamanwala Hsg Constn as of 19-Apr-2024 16:01 is 0.00.
The latest P/B ratio of Kamanwala Hsg Constn as of 19-Apr-2024 16:01 is 0.36.
The 52-week high of Kamanwala Hsg Constn is ₹23.64 and the 52-week low is ₹7.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kamanwala Hsg Constn is ₹5.22 ( Cr.) .

About Kamanwala Housing Construction Ltd

Kamanwala Housing Construction company was incorporated in 1984 as Kamanwala Housing Development Finance Company by its visionary promoter M.L. Gupta along with associates Jaipal Jain and Atul Jain. The company’s principal activity is the construction and sale of residential houses and commercial buildings.

The company launched its public issue in March 1986 through which Rs. 18 mn were raised. Its shares were listed on BSE. The name of the company was changed to Kamanwala Industries Limited in January 1995. The company entered into the production of steel ingots to cater to its own construction requirements. The company does not undertake this activity any longer.

Kamanwala Housing Construction Limited (KHCL) is a company with a 20-year track record. Apart from being an established company, KHCL has a lean and efficient organisation structure. The latest technology, an attractive pricing policy, adherence to schedule and high quality are hallmarks of the company.

The projects executed by the company have a futuristic design, with a fine fusion of aesthetics and functionality. The projects are distinguished by the high quality of construction and attention to detail. Moreover, they are all located in prime areas.

To cater to middle class buyers, they undertook both to construct low cost housing and to finance it at nominal rates. Attar Apartments and Kamanwala Nagar at Virar were built under this program.

Apart from this, the company acquired some old buildings and tenements, which were repaired and renovated. The ownership rights were then transferred to the tenants at reasonable rates. Due to the economical rates at which these buildings were acquired, the projects were profitable for the company. Moreover, the affordable price of conversion from tenancy to ownership compelled many tenants to take up the offer.

One of the first such projects was the well known Kamanwala Chambers at Fort, Mumbai. Formerly Advani Chambers, this commercial building was converted in 1985.  Kamani Chambers at Ballard Estate is another building which was taken up for renovation and conversion of tenancy to occupancy.

From the low cost housing projects it started out with, the company has now transitioned to executing prestigious projects of high quality in prime locations. The projects that the company has planned to execute in the future are characterized by larger areas being taken up for development than has been the case in the past. The company has changed its name to Kamanwala Housing Construction Limited, to reflect the focus on its core activity, construction.

The company is currently implementing prestigious projects across central and western Mumbai - Bandra Kurla Complex, Andheri, Santa Cruz, Malad and Versova.

Projects under Implementation:

  • Manavsthal, Andheri (C Wing)
  • Pinnaacle Corporate Park, Bandra Kurla Complex
  • Vallabh Terrace, Opera House
  • Malad Project
  • Rishi Tagore, Santa Cruz

Past Projects: The company has completed the execution of 18 projects in the past, with saleable area totaling about one million sq.ft. The value realized was about Rs.1.20 billion.

  • Maker Kundan Gardens, Andheri
  • Krishna Kunj, Goregaon
  • Mukta Apartments, Khar
  • Manavsthal I, Goregaon
  • Manavsthal II, Goregaon
  • Vaibhav Apartments, Pali Hill, Bandra
  • Manavsthal, Andheri - A – Wing
  • Manavsthal, Andheri - B – Wing
  • Manavsthal, Andheri - E – Wing
  • Manavsthal, Andheri - F – Wing
  • Manavsthal, Andheri – Plan
  • Manavsthal, Andheri - Full Elevation

Future projects

  • Project at Versova
  • Project at Mahim
  • Joint Venture Project at Hyderabad
  • Project at Hyderabad
  • Project at Filmistan Studio

Projects at the Planning Stage- The company has identified projects in the following locations. These projects are in various stages of land identification and acquisition. The locations for these projects are:

  • 4 Bungalows, Oshiwara (Andheri)
  • Andheri Kurla Road
  • Bandra Kurla Complex, Phase II
  • Mulund
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