Kesoram Industries Ltd - Stock Valuation and Financial Performance

BSE: 502937 | NSE: KESORAMIND | Cement & Construction Materials | Small Cap

Kesoram Industries Share Price

171.05 2.00 1.18%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kesoram Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Kesoram Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
5,320.1 Cr.
52-wk low:
55.5
52-wk high:
180

Is Kesoram Industries Ltd an attractive stock to invest in?

1. Is Kesoram Industries Ltd a good quality company?

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

2. Is Kesoram Industries Ltd undervalued or overvalued?

The key valuation ratios of Kesoram Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Kesoram Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kesoram Industries 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 Kesoram Industries:

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.
Kesoram Industries 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 % -1.6%-3.3%-3.1%-0.8%-2.8%1.6%0.2%6.9%9.3%7.7%-
Value Creation
Index
-1.1-1.2-1.2-1.1-1.2-0.9-1.0-0.5-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,0814,8734,3873,6773,5873,8792,3302,4153,5403,5343,733
Sales YoY Gr.--4.1%-10%-16.2%-2.4%8.1%-39.9%3.7%46.6%-0.2%-
Adj EPS -38-50.8-46.9-17.2-25.6-14.8-12.8-1.4-5.3-3.7-2.7
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 36.56.622.561.743.131.81.61824.820.918.3
Adj Net
Profit
-487-652-643-236-411-246-214-27.4-130-116-84
Cash Flow from Ops. 428519210119215756759256336180-
Debt/CF from Ops. 11.51025.127.516.13.92.67.259.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4%-0.3%14.9%-0.2%
Adj EPS NANANANA
BVPS-6%-13.5%133.5%-15.7%
Share Price 10.6% 22.4% 41.3% 203.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-92.7-233.6-262.1-37.8-50.8-37.8-76.8-14.6-27.3-18.5-13.9
Op. Profit
Mgn %
6.52.5-6.70.8-1.95.39.816.315.58.511.1
Net Profit
Mgn %
-9.6-13.4-14.7-6.4-11.5-6.4-9.2-1.1-3.7-3.3-2.3
Debt to
Equity
10.561.116.73.955.672.35.32.82.7-
Working Cap
Days
178206271267206160182108739142
Cash Conv.
Cycle
7464452424-7-73-107-57-36-2

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.89%

Debt to equity has declined versus last 3 years average to 2.67

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at 5.60%

Latest Financials - Kesoram Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -2.7 -5.3
TTM Sales (₹ Cr.) 3,733 3,969
BVPS (₹.) 18.3 10.7
Reserves (₹ Cr.) 259 22
P/BV 9.34 15.98
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 55.52 / 180.00
All Time Low / High (₹) 7.10 / 456.37
Market Cap (₹ Cr.) 5,320
Equity (₹ Cr.) 310.7
Face Value (₹) 10
Industry PE 41.8

Management X-Ray of Kesoram Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *45.7828.8245.5645.7340.8121.2721.2721.2721.2751.58
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kesoram Industries

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
Sales5,0814,8734,3873,6773,5873,8792,3302,4153,5403,534
Operating Expenses 4,7954,7584,7043,6533,6563,6832,1012,0212,9913,233
Manufacturing Costs9718481,1367408007867346761,2371,516
Material Costs2,4302,0881,6431,3301,2171,198241264342333
Employee Cost 412470389313323272134141148159
Other Costs 9821,3521,5351,2691,3161,4279939391,2641,225
Operating Profit 286116-31724-69196229394549301
Operating Profit Margin (%) 5.6%2.4%-7.2%0.6%-1.9%5.0%9.8%16.3%15.5%8.5%
Other Income 12566119106228110791023870
Interest 573681678282421438315246482423
Depreciation 31827712512312813391969182
Exceptional Items 04091,137121-750-387-295-154-173
Profit Before Tax -480-367137-154-466-266-486-140-140-306
Tax 35001-2-120-307-10-191
Profit After Tax -516-367137-155-464-254-486167-130-116
PAT Margin (%) -10.1%-7.5%3.1%-4.2%-12.9%-6.6%-20.8%6.9%-3.7%-3.3%
Adjusted EPS (₹)-40.2-28.610.0-11.3-28.9-15.3-29.18.7-5.3-3.7
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 4718740384669153027347605648
Share Capital 110110125117137143143165244311
Reserves 361-22278729554388-115182361338
Minority Interest0000000000
Debt4,0444,4974,7043,1783,3412,7891,8531,7781,5581,671
Long Term Debt2,5503,3653,4442,1372,1202,0311,3371,7741,5541,666
Short Term Debt1,4941,1321,2601,0411,221758516445
Trade Payables585563583509686838584531530518
Others Liabilities 1,4671,3121,275760944932567195260-4
Total Liabilities 6,5676,4596,9655,2945,6625,0903,0312,8512,9532,833

Fixed Assets

Gross Block5,4793,2363,0792,1522,6152,6342,0182,0372,0701,849
Accumulated Depreciation2,2521,6901,677123250373348439527559
Net Fixed Assets3,2271,5471,4022,0302,3652,2611,6701,5981,5431,290
CWIP 73154855671278178814152848
Investments 66766706101508507500538380388
Inventories894734556419387291115102141181
Trade Receivables904767545493535555170275317359
Cash Equivalents 77140444177984610105176109
Others Assets6671,9572,7571,363987641554219368459
Total Assets 6,5676,4596,9655,2945,6625,0903,0312,8512,9532,833

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 428519210119215756759256336180
PBT -480-367137-154-466-266-486-140-140-306
Adjustment 869611-263188454531726555700615
Changes in Working Capital 2826133187242461470-159-226-130
Tax Paid 12144-2-163148-122
Cash Flow From Investing Activity -75-425451,804-453136-448-225-79-16
Capex -107-53-291-336-644-22-22-19-32-63
Net Investments 00428112-3-4-43-1
Others 32114082,139190156-424-202-448
Cash Flow From Financing Activity -360-414-426-2,12660-1,323-118181-229-230
Net Proceeds from Shares 40609002200003340
Net Proceeds from Borrowing -48629-60-1,51199-63-36878-36421
Interest Paid -576-678-679-372-437-417-280-409-236-246
Dividend Paid -5000000000
Others -138-364224-242177-843199-28837-5
Net Cash Flow -663329-203-179-43119221228-66
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-98.56-132.5269.72-26.83-60.3-41.64-174.1589.15-27.3-18.46
ROCE (%)1.685.8915.012.64-1.064.47-6.225.0515.254.98
Asset Turnover Ratio0.790.810.730.670.680.720.570.821.221.22
PAT to CFO Conversion(x)N/AN/A1.53N/AN/AN/AN/A1.53N/AN/A
Working Capital Days
Receivable Days58584946515157343135
Inventory Days61574843403232161317
Payable Days8196111123140181884719567575

Kesoram Industries Ltd Stock News

Kesoram Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kesoram Industries on 28-Mar-2024 16:01 is ₹171.1.
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 28-Mar-2024 16:01 the market cap of Kesoram Industries stood at ₹5,320.1.
The latest P/E ratio of Kesoram Industries as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Kesoram Industries as of 28-Mar-2024 16:01 is 9.34.
The 52-week high of Kesoram Industries is ₹180.0 and the 52-week low is ₹55.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kesoram Industries is ₹3,733 ( Cr.) .

About Kesoram Industries Ltd

Kesoram Industries (KIL) was incorporated in October 1919 as Kesoram Cotton Mills. The name was changed to Kesoram Industries & Cotton Mills in the year 1961. Later, in the year 1986, the name was changed once again to the present one. KIL is a diversified conglomerate belonging to the BK Birla Group.

The company is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.

Manufacturing facilities

The company set up its rayon yarn manufacturing unit in West Bengal. This unit earlier had an installed capacity of 4,635 metric tonnes per annum, which was later increased to 6,500 metric tonnes per annum.

KIL’s transparent paper unit is located in West Bengal with a manufacturing capacity of 3,600 metric tonnes per annum.

The company’s cast iron spun pipes unit has a production capacity 45,000 metric tonnes per annum.

KIL has two cement manufacturing facilities located at Andhra Pradesh with a production capacity of 1.2 million metric tonnes and 4.1 million metric tonnes.

The company has set up automotive tyres and tubes unit in collaboration with Pirelli in Orissa. The unit has an annual production of 2.1 million tyres, 1.4 million tubes and 1.1 million flaps.

Its heavy chemicals plant produces 12,410 mtpa of caustic soda lye, 5,045 mtpa liquid chlorine, 6,205 mtpa of sodium hypochlorite, 8,200 mtpa of hydrochloric acid, 3,200 mtpa of ferric alum, 18,700 mtpa of sulphuric acid and 16,20,000 m3pa of purified hydrogen gas.

Awards

KIL has won FAPCCI Award for Excellence in Industrial Productivity in 2007.

The company was awarded “Best Management Award 2007” by government of Andhra Pradesh.

2010 - Award for "Excellence in workers' welfare" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh.
2012 - Kesoram Industries had entered into a joint venture with Maharashtra Seamless Limited and Dhariwal Infrastructure Private Limited for working a coal block allocated to it by the Central Government in the State of Maharashtra.

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