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Kandagiri Spinning Mills Ltd. Stock Analysis

Small Cap
Evaluated by 35 users | BSE: 521242 | NSE: KANDAGIRI |
Textile - Spinning
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...

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.19%10.14%-1.92%9.93%8.7%7.05%-1.53%-10.63%-5.61%-18.15%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1081521261611941891457854.469.6
Y-o-Y Gr. Rt.-41.2%-16.7%27%20.6%-2.2%-23.5%-46.1%-30.3%27.9%
Adjusted EPS (Rs.) 8.5624.51-33.9415.1510.633.84-29.46-56.32-29.19-45.18
Y-o-Y Gr. Rt.-186.3%-238.5%NA-29.8%-63.9%-867.2%NANANA
Book Value per Share (Rs.) 62.9482.5448.8364.0373.9578.2249.4696.4563.9815.56
Adjusted Net Profit 3.39.4-13.15.84.11.5-11.3-21.7-11.2-17.4
Net Op. Cash Flow (Rs. Cr.) 7.9-1.236.318.422.816.78.49-6.3-5.5
Debt to Cash Flow from Ops 14.47-106.683.095.453.985.1610.857.46-9.36-9.35
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.
Kandagiri Spinning Mills Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -4.7%-18.5%-21.7%27.9%
Adjusted EPS -220.3%-233.6%NANA
Book Value per Share -14.4-26.8-32-75.7
Share Price -18.2% -33.8% -40.1% 66.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 7.218.59-27.4113.318.462.91-24.75-56.1-36.38-113.54
Operating Profit Margin (%) 19.8922.011.3818.1913.3511.256.39-8.22-8.42-10.49
Net Profit Margin (%) 3.066.22-10.343.632.110.78-7.83-27.78-20.66-25.01
Debt to Equity 4.744.025.954.083.192.874.781.82.398.62
Working Capital Days 152177197110112129173248252229
Cash Conversion Cycle 84111132746669102157171100
Entity Percentage Holding
Promoters 64.93%
Non-Institutions 35.07%
Pledged *0.000.000.000.0046.2346.2346.2046.200.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kandagiri Spinning Mills Ltd.'s performance infers:

Kandagiri Spinning Mills Ltd. earnings have declined by -233.6%, whereas share price has depreciated -33.8% 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 Kandagiri Spinning Mills Ltd. share prices over the last 10 years. Here is what we found out:

Kandagiri Spinning Mills Ltd. share price has depreciated -23.2% annually over the past ten years.

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

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:

  • Single yarn - Weaving - Cared
  • Combed
  • Knitting - Carded
  • Compact Yarn 
  • Double Yarn - Ring Doubled - Carded 
  • Gassed Yarn - Combed
  • Open End 

Achievements/ recognition:

The ISO 9001:2000 & EMS 14001:2004 Accreditation

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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