KG Denim Ltd - Stock Valuation and Financial Performance

BSE: 500239 | NSE: KGDENIM | Textile - Weaving | Small Cap

KG Denim Share Price

26 1.71 7.04%
as on 28-Mar'24 14:38

DeciZen - make an informed investing decision on KG Denim

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KG Denim stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
62.3 Cr.
52-wk low:
22.1
52-wk high:
41.9

Is KG Denim Ltd an attractive stock to invest in?

1. Is KG Denim Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that KG Denim Ltd is a average quality company.

2. Is KG Denim Ltd undervalued or overvalued?

The key valuation ratios of KG Denim Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is KG Denim Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of KG Denim 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 KG Denim:

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.
KG Denim Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.1%9.7%18.4%18.8%8.8%10.1%-0.3%3.2%2.9%-4.7%-
Value Creation
Index
0-0.30.30.3-0.4-0.3-1.0-0.8-0.8-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 592592652618635693493413586511283
Sales YoY Gr.--0%10.1%-5.2%2.8%9.1%-28.9%-16.1%41.8%-12.8%-
Adj EPS 2.60.16.89.11.64.3-6.5-2.3-3.2-11.1-11.1
YoY Gr.--98.1%13560%33.4%-82.6%172.3%-250.8%NANANA-
BVPS (₹) 26.423.931.240.542.144.637.735.933.122.917.2
Adj Net
Profit
6.60.117.523.44.111.1-16.7-5.8-8.3-28.5-29
Cash Flow from Ops. 48.951.656.367.341.22628.1221.651-
Debt/CF from Ops. 2.632.51.73.77.36.8111.110.23.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.6%-4.3%1.2%-12.8%
Adj EPS -217.6%-247.6%NANA
BVPS-1.6%-11.5%-15.4%-31.1%
Share Price 6.6% -11.6% -3.6% 13.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.10.224.825.43.810-15.9-6.2-9.4-39.7-55.5
Op. Profit
Mgn %
8.28.212.612.26.88.1464.4-0.7-1.1
Net Profit
Mgn %
1.102.73.80.61.6-3.4-1.4-1.4-5.6-10.1
Debt to
Equity
1.92.51.81.11.41.722.42.63.3-
Working Cap
Days
118125118129143140194239180194143
Cash Conv.
Cycle
18182034403956656151-31

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 1.24%

Debt to equity has increased versus last 3 years average to 3.29

Sales growth is not so good in last 4 quarters at -50.14%

Latest Financials - KG Denim Ltd.

Standalone Consolidated
TTM EPS (₹) -11.1 -11.8
TTM Sales (₹ Cr.) 283 290
BVPS (₹.) 17.2 11.5
Reserves (₹ Cr.) 19 4
P/BV 1.41 2.11
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 22.10 / 41.90
All Time Low / High (₹) 1.75 / 111.25
Market Cap (₹ Cr.) 62.3
Equity (₹ Cr.) 25.6
Face Value (₹) 10
Industry PE 19.6

Management X-Ray of KG Denim:

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 KG Denim

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
Sales591.86591.78651.73617.69634.94692.87492.53413.34586.19511.06
Operating Expenses 543.47543.50569.53542.48591.65636.94472.68388.93560.14514.37
Manufacturing Costs127.29121.88116.95113.08115.75145.97134.5693.31117.31110.83
Material Costs361.34362.62390.53364.99411.89399.39258.08226.31356.88325.42
Employee Cost 25.6529.7231.8537.2634.3154.425142.6354.3450.09
Other Costs 29.1929.2830.2027.1529.7037.1729.0526.6731.6128.01
Operating Profit 48.4048.2982.2075.2143.2955.9219.8624.4226.05-3.31
Operating Profit Margin (%) 8.2%8.2%12.6%12.2%6.8%8.1%4.0%5.9%4.4%-0.6%
Other Income 3.092.646.073.793.732.943.032.506.114.57
Interest 28.0527.9732.4126.0324.3524.9922.6621.9324.3322.30
Depreciation 13.3520.9820.4813.7813.9216.8319.2315.4115.6415.72
Exceptional Items 00000-1.63-4.50000
Profit Before Tax 10.091.9835.3839.208.7615.42-23.51-10.43-7.82-36.76
Tax 3.501.7714.2614.622.934.44-7-4.54-0.76-9.37
Profit After Tax 6.590.2121.1224.585.8310.97-16.51-5.88-7.05-27.39
PAT Margin (%) 1.1%0.0%3.2%4.0%0.9%1.6%-3.4%-1.4%-1.2%-5.4%
Adjusted EPS (₹)2.60.18.29.62.34.3-6.4-2.3-2.8-10.7
Dividend Payout Ratio (%)29%912%9%8%33%18%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 67.6461.2380.03103.98107.98114.3596.7692.1484.9758.60
Share Capital 25.6725.6725.6725.6725.6725.6525.6525.6525.6525.65
Reserves 41.9735.5654.3778.3282.3188.7071.1166.4959.3232.95
Minority Interest0000000000
Debt104.53136.03122.1897.01132.87169.83178.18189.71185.96166.90
Long Term Debt38.9163.6951.3932.7450.5969.0663.7483.5770.5944.94
Short Term Debt65.6272.3470.7964.2782.28100.77114.44106.14115.37121.96
Trade Payables123.14124.94113.37125.75154.14127.99139.57128.09143.53135.24
Others Liabilities 47.3949.7457.5252.3973.2358.5242.9050.7556.5340.49
Total Liabilities 342.70371.94373.11379.14468.22470.69457.41460.69470.99401.23

Fixed Assets

Gross Block273.71277315.21142.30194.01209.39247.56249.62256.16258.12
Accumulated Depreciation153.30179.17183.6512.4426.3543.1862.4076.8192.22107.05
Net Fixed Assets120.4197.83131.55129.86167.65166.21185.15172.82163.94151.07
CWIP 7.1556.678.448.833.7630.350000
Investments 5.375.377.837.837.817.813.293.283.293.29
Inventories112.39123.78107.76120.49143.73130.24127.17127.21154.0592.63
Trade Receivables42.4441.7874.3276.8092.6585.7484.8197.2589.5999.50
Cash Equivalents 8.958.219.4310.6114.417.984.407.154.153.32
Others Assets45.9938.2933.7624.7238.2042.3652.5852.9955.9851.42
Total Assets 342.70371.94373.11379.14468.22470.69457.41460.69470.99401.23

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 48.9451.6156.2967.2641.2425.9528.091.9521.5851.01
PBT 10.091.9835.3838.798.7615.42-23.51-10.43-7.82-36.76
Adjustment 41.4948.7550.6139.8638.2542.8645.0538.2639.2136.24
Changes in Working Capital 1.155.77-26.433.8-3.91-27.266.29-25.89-9.8151.53
Tax Paid -3.79-4.89-3.27-15.20-1.86-5.070.26000
Cash Flow From Investing Activity -24.06-53.88-6.18-13.71-49.09-34.25-7.94-3.47-2.71-2.93
Capex -24.23-53.88-3.69-12.56-46.65-41.97-7.81-3.08-5.88-2.53
Net Investments 0.160-2.49-1.14-2.447.78-0.14-0.390.02-0.41
Others 00000-0.06003.140
Cash Flow From Financing Activity -24.301.53-48.89-53.529.199.65-23.883.96-21.75-48.41
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3.250-12.30-18.6517.8418.48-13.2519.83-6.41-32.70
Interest Paid -28.05-27.97-32.41-26.03-24.35-24.99-22.66-21.93-24.30-22.30
Dividend Paid -1.92-1.92-1.92-1.92-1.92-1.92-1.92000
Others 8.9231.42-2.25-6.9117.6218.0913.956.058.966.59
Net Cash Flow 0.58-0.741.220.031.341.36-3.732.43-2.88-0.34
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.060.3329.9126.725.59.87-15.64-6.23-7.97-38.17
ROCE (%)20.4214.713129.4713.814.32-0.293.875.39-5.21
Asset Turnover Ratio1.811.661.751.641.51.481.060.91.261.17
PAT to CFO Conversion(x)7.43245.762.672.747.072.37N/AN/AN/AN/A
Working Capital Days
Receivable Days25263345494763805868
Inventory Days697365677672951128888
Payable Days116125111120124129189216139156

KG Denim Ltd Stock News

KG Denim Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KG Denim on 28-Mar-2024 14:38 is ₹26.00.
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 14:38 the market cap of KG Denim stood at ₹62.27.
The latest P/E ratio of KG Denim as of 28-Mar-2024 14:38 is 0.00.
The latest P/B ratio of KG Denim as of 28-Mar-2024 14:38 is 1.41.
The 52-week high of KG Denim is ₹41.90 and the 52-week low is ₹22.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KG Denim is ₹283.4 ( Cr.) .

About KG Denim Ltd

K G Denim Ltd. (KGDL) was incorporated on June 25, 1992 under the Companies Act, 1956. KGDL has its registered office at Then Thirumalai, Mettupalayam, Coimbatore District, Tamil Nadu. The company was promoted by K. Govindaswamy Naidu  and his sons including KG Baalakrishnan and went public in the year 1993.

KGDL is a premier denim and apparel fabric manufacturer, whose products are supplied to leading jeans wear makers, fashion brands and retailers worldwide. It sells its products under the trade mark Indigo Fabrics with various lines like Strength, Pride, Ecstasy, Fortune and Passion and Trigger for readymade jeans. KGDL has recently entered the home textiles market to provide innovative and specialized products for beds, blankets, pillow cases and duvet/ comforter covers.

The company has two wholly owned subsidiaries (a) Trigger Apparels Limited (b) K G Denim (USA) Inc. K G Denim (USA) Inc is yet to commence commercial operations. Trigger Apparels Limited markets Trigger branded garments in the domestic market. It commenced operations in the domestic marketing during 2005-06

The products are well sought after by leading Jeanswear makers, fashion brands and Retailers worldwide. KG Denim sells its products under the trade mark Indigo Fabrics, with various lines like Strength, Pride, Ecstasy, Fortune and Passion.

KG Denim now has entered the home textiles market to provide innovative and specialized products for Beds, Blankets, pillow cases and Duvet/comforter covers.

KG Denim is part of textile group having annual turnover of $150 million and the company currently manufactures

  • 24 million meters of denim fabrics
  • 12 million meters of cotton fabrics
  • 2 million equivalent sheetsets of made-ups
  • 3 milllion jeans & trousers.

KG Denim has spinning equipments from Trutzchler & Lakshmi Rieter to produce some of the most demanding yarns required to weave fashion fabric for various applications.

Product range of the company includes:

  • Denim fabric
  • Apparel fabric
  • Jeanswear
  • Bed & Bath

Trigger, its jeans wear brand is the largest selling brand in the country in its segment.

Achievements/ recognition:

  • ISO 9001:2000 certified
  • ISO 14001:2004 certified.
  • Oeko-Tex-tested for harmful substances
  • Lycra Accredited Mill
  • Organic Certification-GOTS
  • Organic Exchange.
  • The first textile processing company in India to achieve EMS 14001 during the year 1998 towards Environment Management System.
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