Kovilpatti Lakshmi Roller Flour Mills Ltd - Stock Valuation and Financial Performance

BSE: 507598 | NSE: KLRF | Consumer Food | Small Cap

Kovil.Lakshmi Roller Share Price

199 0.75 0.38%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Kovil.Lakshmi Roller

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kovilpatti Lakshmi Roller Flour Mills stock performance -

mw4me loader
P/E Ratio (SA):
20.36
Market Cap:
179.9 Cr.
52-wk low:
114
52-wk high:
299

Is Kovilpatti Lakshmi Roller Flour Mills Ltd an attractive stock to invest in?

1. Is Kovilpatti Lakshmi Roller Flour Mills Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kovilpatti Lakshmi Roller Flour Mills Ltd is a below average quality company.

2. Is Kovilpatti Lakshmi Roller Flour Mills Ltd undervalued or overvalued?

The key valuation ratios of Kovilpatti Lakshmi Roller Flour Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kovilpatti Lakshmi Roller Flour Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kovilpatti Lakshmi Roller Flour Mills 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 Kovil.Lakshmi Roller:

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.
Kovilpatti Lakshmi Roller Flour Mills 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 % 3.1%7.5%14%9.2%7.8%3.4%10.2%11.7%10.9%11.9%-
Value Creation
Index
-0.8-0.50-0.3-0.4-0.8-0.3-0.2-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 193196205218217232230224273332362
Sales YoY Gr.-1.9%4.3%6.6%-0.5%6.6%-0.7%-2.6%22.1%21.5%-
Adj EPS -0.83.311.673.8-2.85.38.210.6149.8
YoY Gr.-NA258.2%-40.3%-45.6%-174.9%NA54.3%28.2%32.4%-
BVPS (₹) 42.645.557.257.862.159.667.175.487.2105.377.3
Adj Net
Profit
-0.41.65.83.52.1-1.634.65.97.89
Cash Flow from Ops. -5.18.2-4.1-3.51127.3188.312.18.9-
Debt/CF from Ops. -11.75.9-11.2-17.55.61.61.53.13.74.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.2%8.9%13%21.5%
Adj EPS NA29.9%37.8%32.4%
BVPS10.6%11.1%16.2%20.7%
Share Price 24.2% 37.3% 56.4% 66.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-1.8721.811.96.6-4.78.411.61314.510.7
Op. Profit
Mgn %
4.14.96.46.15.63.25.365.45.86.2
Net Profit
Mgn %
-0.20.82.91.61-0.71.322.12.32.5
Debt to
Equity
2.82.11.62.11.81.30.70.60.90.7-
Working Cap
Days
1091111001091261038794897840
Cash Conv.
Cycle
75807686103836264625618

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.04%

Net Profit is growing at healthy rate in last 3 years 37.82%

Debt to equity has declined versus last 3 years average to 0.68

Return on Equity has declined versus last 3 years average to 10.70%

Sales growth is not so good in last 4 quarters at 7.47%

Latest Financials - Kovilpatti Lakshmi Roller Flour Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 9.8 -
TTM Sales (₹ Cr.) 362 -
BVPS (₹.) 77.3 -
Reserves (₹ Cr.) 61 -
P/BV 2.57 -
PE 20.36 -
From the Market
52 Week Low / High (₹) 114.00 / 299.00
All Time Low / High (₹) 6.00 / 600.00
Market Cap (₹ Cr.) 180
Equity (₹ Cr.) 9
Face Value (₹) 10
Industry PE 66.1

Management X-Ray of Kovil.Lakshmi Roller:

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 Kovil.Lakshmi Roller

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
Sales193196205218217232230224273332
Operating Expenses 185187192205206224218211259313
Manufacturing Costs31303642424739344750
Material Costs135138141146143157159157189236
Employee Cost 6889111213121316
Other Costs 121168118771012
Operating Profit 810131311812131519
Operating Profit Margin (%) 4.1%4.9%6.4%6.1%5.2%3.2%5.3%5.9%5.4%5.7%
Other Income 0050013146
Interest 4666766445
Depreciation 3233343345
Exceptional Items 0000000000
Profit Before Tax 12951-2561014
Tax 1032-1-11234
Profit After Tax 02632-144810
PAT Margin (%) -0.2%0.9%2.9%1.6%0.7%-0.6%1.8%2.0%2.8%3.1%
Adjusted EPS (₹)-0.93.511.77.02.9-2.67.78.113.618.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%18%13%11%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 23243029343337424858
Share Capital 5555666666
Reserves 17192524292732364353
Minority Interest0000000000
Debt54454358584125234134
Long Term Debt1111910710872423
Short Term Debt43333448513118161711
Trade Payables127787811131310
Others Liabilities 1312811989112218
Total Liabilities 1018788106109918389123120

Fixed Assets

Gross Block103867431294036396665
Accumulated Depreciation7461472369121417
Net Fixed Assets29252829273427265148
CWIP 4400201011
Investments 0000000000
Inventories41383956563536414746
Trade Receivables20121515141612161616
Cash Equivalents 1000600000
Others Assets7765556589
Total Assets 1018788106109918389123120

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -58-4-31127188129
PBT 12961-2561014
Adjustment 1393811107866
Changes in Working Capital -105-9-160206-4-2-11
Tax Paid -10-1-1-10-1-2-2-1
Cash Flow From Investing Activity -215-6-3-94-2-272
Capex -215-6-3-94-2-272
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 7-10-110-3-23-22-615-11
Net Proceeds from Shares 0000500000
Net Proceeds from Borrowing -61-32-32-3-117-1
Interest Paid 000-6-7-6-6-4-4-5
Dividend Paid 0000-1000-1-1
Others 13-102143-20-13-13-5
Net Cash Flow 00015-50000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-2.017.8422.7812.094.98-4.3112.1211.416.7219.31
ROCE (%)5.919.921.5213.419.055.215.9116.2818.0820.3
Asset Turnover Ratio2.12.172.442.352.042.322.662.612.572.72
PAT to CFO Conversion(x)N/A4-0.67-15.5N/A4.521.50.9
Working Capital Days
Receivable Days30292324242322222118
Inventory Days65706676937257635951
Payable Days27251819201822282518

Kovilpatti Lakshmi Roller Flour Mills Ltd Stock News

Kovilpatti Lakshmi Roller Flour Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kovil.Lakshmi Roller on 25-Apr-2024 16:01 is ₹199.0.
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 25-Apr-2024 16:01 the market cap of Kovil.Lakshmi Roller stood at ₹179.9.
The latest P/E ratio of Kovil.Lakshmi Roller as of 25-Apr-2024 16:01 is 20.36.
The latest P/B ratio of Kovil.Lakshmi Roller as of 25-Apr-2024 16:01 is 2.57.
The 52-week high of Kovil.Lakshmi Roller is ₹299.0 and the 52-week low is ₹114.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kovil.Lakshmi Roller is ₹361.6 ( Cr.) .

About Kovilpatti Lakshmi Roller Flour Mills Ltd

Kovilpatti Lakshmi Roller Flour Mills, an Eltex Group company came into existence as KLRF with its brand as 'Kuthuvilakku' way back in 1964 with the establishment of 46,800 MT of wheat flour at Gangaikondan in Tamil Nadu, near the southern tip of the Indian subcontinent.

Ever since inception, the mill prioritized its focus towards customer segmentation based on specific product quality and end use applications such as Bakeries, Parotta makers, Hoteliers, Sweet stalls, Confectioneries and Domestic end users. Thanks to the analysis that emerged contemplating specific needs of the customers, the company has achieved a major breakthrough in supplying quality flour suitable for specific end-users as Bakery special, Parotta special and Flour for Rusk rolls.

The Eltex Group, based at Coimbatore, has diverse business interests in Wheat Flour Milling, Cotton Yarn, Ferrous Castings, Sheet Metal Fabrication, Machine Building and Trading. The Group's Annual Sales is currently around $20 million and provides direct employment to over 1000 people.

KLRF is constantly putting its efforts towards development of flour expanding its assignment of customer product quality towards other segments of end users as well. Adding feather to the cap, KLRF has added a product as Chukky Fresh Whole Meal Atta by installing a Chukky Plant that manufactures atta through traditional grinding using rubberized emery stones by offering a product exclusively for making Chapathi and Puri to render unique softness, puffiness, fiber aroma and wheaty taste.

KLRF has made a major achievement towards customer requirements and made a phenomenal success in terms of supplying flour in various packages as 90 kg, 50 kg, 25 kg, 10 kg and 5 kg. Another remarkable significance is towards tapping the retail segment and it is a pioneer in launching half kg and one kg consumer packs of Maida, Sooji, Resultant Atta and Whole Meal Atta. Unit weights of 20 kg and 30 kg are offered to customers based on careful analysis of household segment needs. New product lines for Samba Rawa and related products are introduced.

KLRF has made its mark of success in export markets as well. Besides its continual achievements since emergence, KLRF has accelerated its growth towards mill expansion and modernisation program as well contemplating its mill to exceed 62,000 MT per annum.

As one of the pioneers in flour milling industry, KLRF has set its pace of far ahead leadership in terms Process Technology, Product Quality, Hygiene, Customer Satisfaction and Continual Improvement by its systematic quality systems and strive to achieve many outstanding records of performance in days to come.

Product range of the company includes:

Kuthuvilakku Brand

  • Bakery Maida - 90 kgs
  • Parotta Maida - 90, 50, 25, 10, 5 kgs
  • Sooji - 90, 50, 25, 10 kgs
  • Resultant Atta - 90, 50, 25 kgs
  • Chukky Fresh Whole Meal Atta - 90, 50, 5 kgs
  • Wheat Bran (Rough Bran) - 50 kgs
  • Wheat Bran (Bran Flakes) - 35 kg
  • Low Gluten Flour - 50 kgs 
  • Consumer Packs 

1 kg with 20 kg unit weight -- Maida, Sooji, Resultant Atta, Chukky Fresh Whole Meal Atta.           

0.5 kg with 20 kg unit weight -- Maida, Sooji, Resultant Atta, Chukky Fresh Whole Meal Atta.

Kera Brand 

  • All Purpose Maida - 90, 10, 5 kgs

New Products 

  • Samba Wheat Rawa
  • Samba Broken Wheat

Achievements/ recognition :

  • Recipient of Roller Flour Millers Federation award for the Best Performance in R & D during 1990 - 91.
  • Recipient of Roller Flour Millers award for the Best Performance in Pollution Control during 1993-94.
  • Recipient of Roller Flour Millers award for Exports (South Zone) during 1995-1996
  • Recipient of Roller Flour Millers award for the Innovative Efforts during 1995-1996
  • First ISO 9002 : 1994 certified Roller Flour Mill in India as per certificate number: 12 100 12692
  • TMS/Munich 2000 - 07-19 awarded by TUV/Germany - May 2000
  • First Roller Flour Mill to introduce 5S house keeping
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