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KSK Energy Ventures Ltd. Stock Analysis

Small Cap
Evaluated by 737 users | BSE: 532997 | NSE: KSK |
Power Generation/Distribution
KSK Energy Ventures, incorporated in 2001 is engaged in the business of developing and operating power plants. The company is a wholly owned subsidiary of KSK Energy (Mauritius), which in turn is subsidiary of KSK Power Ventur plc. The company has operational power plants with a generating...

Analysis of Financial Track Record

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.
KSK Energy Ventures Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.19%2.72%2.7%2.65%2.27%0.86%0.84%0.13%-3.83%-6.31%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 16410667.549.24843.521.819.92.51.7
Y-o-Y Gr. Rt.--35.3%-36.3%-27.2%-2.4%-9.3%-49.9%-8.9%-87.5%-30.1%
Adjusted EPS (Rs.) 30.890.550.430.26-0.14-0.88-2.08-5.77-5.27
Y-o-Y Gr. Rt.--70.3%-38.2%-21.8%-39.5%-153.9%NANANANA
Book Value per Share (Rs.) 69.247069.7669.8769.7272.4771.5673.5764.5247.26
Adjusted Net Profit 11233.220.6169.8-5.9-37.5-88.3-244-223
Net Op. Cash Flow (Rs. Cr.) 35454.719.566.4-15.459.724.1124-8.7-41.9
Debt to Cash Flow from Ops 2.0415.5746.613.87-19.8711.1530.916.31-123.78-26.11
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
KSK Energy Ventures Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -39.7%-48.5%-56.9%-30.1%
Adjusted EPS -206.5%-282.5%NANA
Book Value per Share -4.2-7.5-12.9-26.8
Share Price -41.8% -60.3% -63.6% -35%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 4.931.260.760.590.36-0.2-1.16-2.79-8.35-9.43
Operating Profit Margin (%) 83.9280.4168.4874.2376.1362.524.4543.91-2131.53-81.9
Net Profit Margin (%) 68.1831.3630.5332.5720.33-13.48-172-444.99-9804.8-12838.09
Debt to Equity 0.280.310.340.340.110.220.250.250.390.55
Working Capital Days 3,7385,6844,6727,0604,8162,9096,0766,2012,39,3676,02,365
Cash Conversion Cycle -8,607-6,262-8,467-14,201-13,533-7,545-6,376-5,250-5,352-24,776
Entity Percentage Holding
Promoters 25.60%
Institutions 5.76%
Non-Institutions 68.64%
Pledged *90.2790.2790.2790.2790.2790.2790.2790.2790.2788.76
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of KSK Energy Ventures Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that KSK Energy Ventures Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of KSK Energy Ventures Ltd.'s performance infers:

KSK Energy Ventures Ltd. earnings have declined by -282.5%, whereas share price has depreciated -60.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of KSK Energy Ventures Ltd. share prices over the last 10 years. Here is what we found out:

KSK Energy Ventures Ltd. share price has depreciated -44.7% annually over the past ten years.

KSK Energy Ventures, incorporated in 2001 is engaged in the business of developing and operating power plants. The company is a wholly owned subsidiary of KSK Energy (Mauritius), which in turn is subsidiary of KSK Power Ventur plc.

The company has operational power plants with a generating capacity of 144 MW.

Business Activities

Company’s business activities include building of power station across India, thus reducing power supply deficit.

KSK Energy Ventures, incorporated in 2001 is engaged in the business of developing and operating power plants. The company is a wholly owned subsidiary of KSK Energy (Mauritius), which in turn is subsidiary of KSK Power Ventur plc.

The company has operational power plants with a generating capacity of 144 MW.

Business Activities

Company’s business activities include building of power station across India, thus reducing power supply deficit. Company supplies these utilities under short and medium term Power Purchase Agreements and to bulk consumers for captive, multi-captive and merchant operations.

Company constructs power plants on build, own and operate or transfer basis. It develops thermal and hydro plants. It also acquires fuel resources.

Currently it operates three power plants namely a coal based power plant with a capacity of 43MV, located at Chhattisgarh; a natural gas based power plant with a capacity of 58 MW, located in Tamil Nadu; and a coal based power plant located at Andhra Pradesh with power generating capacity of 43 MW. Besides this, company also set up a 20 MW Power Plant in Kerala, thus becoming the first private sector Independent Power Producer (IPP); and company set up a gas based plant with a power generation capacity of 20 MV located at Machilipatnam which became the first merchant power plant in India.

Company has various power plant projects under construction which are follows:-The company is constructing 540 MW Coal based Group Captive power plant in Maharashtra.It is in the process of commissioning lignite based captive power plant with power generating capacity of 1 x 135 MW in Rajasthan.

Important events

2010
KSK plc moves to Main Market LSE
KSK Energy ties up Rs 16,190 cr for Chhattisgarh project
KSK Energy commences steam blowing at Wardha unit II
KSK Energy ties up $3.6 bln for its 3,600 megawatt thermal power project in central India.

2012
5th Largest Company amongst the new entrants in BT -100 by Business Today
78th amongst india's most valuable Private Sector Companies by Business Today.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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