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BSE: 521242 | NSE: KANDAGIRI | Textile - Spinning | Small Cap
1. Is Kandagiri Spinning Mills Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kandagiri Spinning Mills Ltd is a below average quality company.
2. Is Kandagiri Spinning Mills Ltd undervalued or overvalued?
The key valuation ratios of Kandagiri Spinning Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Kandagiri Spinning Mills Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kandagiri Spinning Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.9% | 8.7% | 7.1% | -1.5% | -10.6% | -5.6% | -18.2% | -35.3% | 2.9% | 10.6% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.4 | -0.5 | -1.1 | -1.8 | -1.4 | -2.3 | NA | NA | NA | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 161 | 194 | 189 | 145 | 78 | 54.4 | 69.6 | 26.6 | 2.5 | 3.2 | 1 | ||
| YoY Gr. Rt. % | - | 20.6% | -2.2% | -23.5% | -46.1% | -30.3% | 27.9% | -61.8% | -90.4% | 25.6% | - | ||
| Adj EPS ⓘ | 15.2 | 10.6 | 3.8 | -29.5 | -56.3 | -29.2 | -45.2 | -40.6 | -2.4 | -0.7 | 4 | ||
| YoY Gr. Rt. % | - | -29.8% | -63.9% | -867.2% | NA | NA | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 64 | 74 | 78.2 | 49.5 | 96.5 | 64 | 15.6 | -14.5 | -16.9 | -16.2 | -12.2 | ||
| Adj Net Profit ⓘ | 5.8 | 4.1 | 1.5 | -11.3 | -21.7 | -11.2 | -17.4 | -15.6 | -0.9 | -0.3 | 2 | ||
| Cash Flow from Ops. ⓘ | 18.4 | 22.8 | 16.7 | 8.4 | 9 | -6.3 | -5.5 | -24.9 | 2.7 | 0.6 | - | ||
| Debt/CF from Ops. ⓘ | 5.5 | 4 | 5.2 | 10.9 | 7.5 | -9.4 | -9.4 | -0.6 | 5.4 | 24.7 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -35.3% | -47.2% | -64.2% | 25.6% | ||||||||
| Adj EPS ⓘ | -170.7% | NA | NA | NA | ||||||||
| BVPS ⓘ | -185.8 | -170 | -201.3 | 0 | ||||||||
| Share Price | -14.8% | -10.4% | 19.9% | -12.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 13.3 | 8.5 | 2.9 | -24.8 | -56.1 | -36.4 | -113.5 | -7163.7 | 15.5 | 4.1 | -28 | |
| Op. Profit Mgn % ⓘ | 18.2 | 13.4 | 11.3 | 6.4 | -8.2 | -8.4 | -10.5 | -34.9 | -18.4 | -8.7 | -4.6 | |
| Net Profit Mgn % ⓘ | 3.6 | 2.1 | 0.8 | -7.8 | -27.8 | -20.7 | -25 | -58.8 | -36.9 | -8.1 | 124.3 | |
| Debt to Equity ⓘ | 4.1 | 3.2 | 2.9 | 4.8 | 1.8 | 2.4 | 8.6 | -2.8 | -2.2 | -2.3 | - | |
| Working Cap Days ⓘ | 110 | 112 | 129 | 173 | 248 | 252 | 229 | 376 | 577 | 265 | 115 | |
| Cash Conv. Cycle ⓘ | 74 | 66 | 69 | 102 | 157 | 171 | 100 | 108 | -58 | -200 | 0 | |
Sales growth is good in last 4 quarters at 24.19%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -64.20%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4 | 2.9 |
| TTM Sales (₹ Cr.) | 1.2 | 1.2 |
| BVPS (₹.) ⓘ | -12.2 | -12.3 |
| Reserves (₹ Cr.) ⓘ | -9 | -9 |
| P/BV ⓘ | -1.24 | -1.23 |
| PE ⓘ | 3.80 | 5.16 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 13.26 / 21.80 |
| All Time Low / High (₹) | 3.60 / 134.90 |
| Market Cap (₹ Cr.) | 5.8 |
| Equity (₹ Cr.) | 3.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Kandagiri Spinning Mills Limited was incorporated in 1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and K.R. Manicka Mudaliar who had been doyers in Textile Business at Salem. Due to their strenuous efforts over decades, the company has flowered into a major industrial concern presently boasting of a total spindleage of 50,588 and 336 OE Rotors in two units, first at Udayapatti, Salem (25,100 spindles) and another at Seshanchavadi (25,488 spindles).
There has been a continuous expansion and modernization at these units. The company manufactures Carded, Combed, Auto coned, TFO, Ring Doubled Yarn. It is making large profits and declaring sizeable dividends year after year.
The company went for Public Issue in January 1995 as a Premium Issue which was a roaring success; it was oversubscribed 9 times. The company’s paid up capital consists of 38, 49,250 shares of Rs. 10/- each. The company’s shares are listed in Mumbai, Chennai and Coimbatore Stock Exchanges.
Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for excellence in every sphere of its activities. Quality, best services, customer friendly and steady development are its policies. The company is committed to Corporate Governance in fulfilling its quest for achieving significant growth with profits. The award of ISO 9001:2000 & EMS 14001:2004 Accreditation to the company is a fitting testimony in this regard.
Product range of the company includes:
Achievements/ recognition:
The ISO 9001:2000 & EMS 14001:2004 Accreditation
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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