Kingfisher Airlines Ltd - Stock Valuation and Financial Performance

Name: Kingfisher Airlines
Brand: Kingfisher Airlines

BSE: 532747 | NSE: KFA | Airlines | Small Cap

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Kingfisher Airlines stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

110 Cr.

52-wk low:

1.3

52-wk high:

1.4

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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10 Year X-Ray of Kingfisher Airlines:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	TTM
ROCE % ⓘ	15%	-5%	-67.3%	-37.1%	-50.6%	-85%	-36.2%	-5.2%	-56.3%	-4,592.9%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	62.9	306	989	1,622	1,922	5,239	5,068	6,233	5,493	501	0
Sales YoY Gr.	-	385.5%	223.7%	64%	18.5%	172.6%	-3.3%	23%	-11.9%	-90.9%	-
Adj EPS ⓘ	-0.1	-4.9	-30.7	-47.1	-22.9	-86.7	-51.3	-20.4	-41.5	-52.8	-59.8
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	5	-6.2	14.5	25.5	16.9	-90.3	-155	-70.5	-97.6	-166.6	-199.9
Adj Net Profit ⓘ	-0.5	-23	-301	-638	-312	-2,305	-1,363	-1,016	-2,396	-4,268	-4,836
Cash Flow from Ops. ⓘ	-2	-1.1	-144	-553	-722	-646	-1,665	2.2	-886	-1,391	-
Debt/CF from Ops. ⓘ	-17.9	-263.4	-2.5	-1.7	-1.7	-8.8	-4.8	3157.2	-9.9	-6.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	25.9%	-23.6%	-53.8%	-90.9%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	-247.5%	-258%	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	TTM
Return on Equity % ⓘ	-3.1	-120.5	-316.6	-209.5	-80.1	239.4	45.5	29.8	59.6	47.4	32.6
Op. Profit Mgn % ⓘ	0.9	-6.4	-32.4	-44.3	-49.6	-39.6	-18.7	-3.4	-39.1	-550.7	NAN
Net Profit Mgn % ⓘ	-0.7	-7.5	-30.4	-39.3	-16.2	-44	-26.9	-16.3	-43.6	-851.3	-INF
Debt to Equity ⓘ	3	-18.8	2.5	2.7	5.4	-2.5	-2	-2.4	-1.7	-0.7	-
Working Cap Days ⓘ	126	75	59	65	84	78	149	169	231	2,010	0
Cash Conv. Cycle ⓘ	8	-11	-24	-25	-36	-72	-142	-109	-98	-254	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Kingfisher Airlines Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-59.8	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	-199.9	-
Reserves (₹ Cr.) ⓘ	-16,977	-
P/BV ⓘ	-0.01	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	1.26 / 1.38
All Time Low / High (₹)	1.16 / 335.00
Market Cap (₹ Cr.)	110
Equity (₹ Cr.)	808.7
Face Value (₹)	10
Industry PE ⓘ	25.6

Management X-Ray of Kingfisher Airlines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

90.11

90.10

88.96

67.24

71.66

46.13

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Kingfisher Airlines

Analyst's Notes

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Key Ratios of Kingfisher Airlines

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Sales	62.94	305.55	1,236.39	1,622.13	1,441.39	5,238.98	5,067.92	6,233.38	5,493.41	501.38
Operating Expenses ⓘ	62.35	325.12	1,643.31	2,340.09	2,156.33	7,321.56	6,065.92	6,462.37	7,651.80	3,309.64
Manufacturing Costs	39.91	236.57	1,267.70	1,839.44	1,640.52	4,835.48	3,917.91	4,313.13	5,003.98	1,309.32
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	6.85	31.20	169.30	250.76	245.12	823.61	688.75	676.01	673.51	349.16
Other Costs ⓘ	15.59	57.35	206.31	249.89	270.69	1,662.47	1,459.25	1,473.23	1,974.30	1,651.16
Operating Profit ⓘ	0.59	-19.57	-406.91	-717.96	-714.94	-2,082.58	-998	-228.99	-2,158.39	-2,808.26
Operating Profit Margin (%)	0.9%	-6.4%	-32.9%	-44.3%	-49.6%	-39.8%	-19.7%	-3.7%	-39.3%	-560.0%
Other Income ⓘ	5.26	14.73	115.41	381.85	104.05	308.30	203.12	262.18	330.50	182.08
Interest ⓘ	3.87	10.21	31.95	62.40	77.88	778.56	1,102.59	1,312.94	1,276.34	1,436.15
Depreciation ⓘ	1.12	3.06	13.34	17.67	18.28	133.20	162.80	241.04	341.87	238.78
Exceptional Items ⓘ	0	0	0	0	24.46	0	-357.65	0	0	0
Profit Before Tax ⓘ	0.87	-18.11	-336.80	-416.18	-682.59	-2,686.03	-2,417.92	-1,520.78	-3,446.09	-4,301.12
Tax ⓘ	0.27	-1.32	3.75	3.40	-494.45	-546.38	-770.69	-493.38	-1,118.08	0
Profit After Tax	0.60	-16.79	-340.55	-419.58	-188.14	-2,139.65	-1,647.22	-1,027.40	-2,328.01	-4,301.12
PAT Margin (%)	1.0%	-5.5%	-27.5%	-25.9%	-13.1%	-40.8%	-32.5%	-16.5%	-42.4%	-857.0%
Adjusted EPS (₹)	0.3	-6.9	-34.7	-31.0	-13.9	-80.5	-62.0	-20.6	-40.3	-53.2
Dividend Payout Ratio (%)	130%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Equity and Liabilities
Shareholders Fund	24.45	13.66	216.55	373.68	188.78	-2,133.45	-3,877.95	-2,954.14	-5,082.40	-12,919.82
Share Capital ⓘ	15.53	16.20	98.18	135.47	135.80	362.91	362.91	1,050.88	1,130.75	1,361.82
Reserves ⓘ	8.92	-2.54	118.37	238.21	52.99	-2,496.36	-4,240.85	-4,005.02	-6,213.15	-14,281.64
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	34.92	284.48	451.66	916.71	934.38	5,665.56	7,922.60	6,909.98	8,030	8,657.64
Long Term Debt	34.92	284.48	451.66	916.71	934.38	5,665.56	7,922.60	6,305.84	5,695.40	6,898.54
Short Term Debt	0	0	0	0	0	0	0	604.14	2,334.60	1,759.10
Trade Payables	17.22	61.16	280.99	245.11	406.45	2,836.87	2,602.66	2,199.06	2,816.52	2,643.17
Others Liabilities ⓘ	10.75	49.51	167.84	250.92	-218.78	-958.28	-1,481.41	-829.47	-696.89	4,430.05
Total Liabilities ⓘ	87.34	408.81	1,117.05	1,786.42	1,310.84	5,410.70	5,165.90	5,325.42	5,067.23	2,811.04
Fixed Assets
Gross Block	27.10	55.25	247.33	340.77	322.33	1,891.80	2,048.14	2,254.26	2,238.72	1,341.10
Accumulated Depreciation	1.60	4.52	16.40	33.74	43.55	316.29	493.62	682.37	795.69	629.17
Net Fixed Assetsⓘ	25.49	50.73	230.93	307.03	278.78	1,575.52	1,554.51	1,571.89	1,443.03	711.93
CWIP ⓘ	1.22	153.09	286.53	357.62	346.25	1,630.95	980.61	0	0	0
Investmentsⓘ	0	0.45	0.41	0.41	0	0.05	0.05	0.05	0.03	0.03
Inventories	11.47	36.40	57.26	61.62	48.64	147.25	164.88	187.65	204.79	166.07
Trade Receivables	4.72	8.44	13.06	35.24	27.16	274.23	322.49	440.53	187.59	20.05
Cash Equivalents	15.98	82.93	256.47	817.05	280.12	171.87	206.47	252.36	182.27	19.05
Others Assetsⓘ	28.46	76.78	272.37	207.44	329.89	1,610.84	1,936.90	2,872.95	3,049.53	1,893.92
Total Assets ⓘ	87.34	408.81	1,117.05	1,786.42	1,310.84	5,410.70	5,165.90	5,325.42	5,067.23	2,811.04

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Cash Flow From Operating Activity ⓘ	-1.96	-1.08	-179.81	-552.58	-541.52	-645.78	-1,665.09	2.23	-885.55	-1,390.86
PBT ⓘ	0.87	-18.11	-336.80	-416.18	-682.59	-2,686.03	-2,417.92	-1,520.78	-3,446.09	-4,301.12
Adjustment ⓘ	0.19	3.88	-6.94	-223.12	-1.50	659.81	1,182.74	1,409.52	1,672.61	1,957.83
Changes in Working Capital ⓘ	-2.98	13.4	166.02	92.55	152.52	321.81	-425.21	123.7	891.93	954.96
Tax Paid ⓘ	-0.03	-0.25	-2.09	-5.84	-9.95	-3.03	-4.70	-10.22	-4	-2.53
Cash Flow From Investing Activity ⓘ	-26.73	-187.58	-345.72	119.48	13.82	206.63	235.13	-38.05	-387.57	-69.72
Capex	-15.49	-175.29	-346.35	113.91	-27.89	399.29	349.62	86.31	-320.10	-47.46
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-11.24	-12.29	0.62	5.57	41.71	-192.65	-114.49	-124.36	-67.48	-22.26
Cash Flow From Financing Activityⓘ	42.85	255.61	699.08	993.67	-9.23	290.11	1,464.56	81.72	1,203.02	1,297.36
Net Proceeds from Shares ⓘ	20.77	6.03	421.68	576.06	2.13	0.50	0	0	0	0
Net Proceeds from Borrowing ⓘ	13.08	136.53	229.15	-10.74	-46.67	0	0	0	0	0
Interest Paid ⓘ	-2.09	-6.10	-12.73	-26.17	-31.90	-741.01	-948.29	-841.43	-664.60	-340.04
Dividend Paid ⓘ	-0.10	-0.17	0	0	0	0	0	0	0	0
Others ⓘ	11.20	119.33	60.98	454.52	67.21	1,030.62	2,412.84	923.15	1,867.62	1,637.40
Net Cash Flow ⓘ	14.17	66.95	173.55	560.57	-536.93	-149.04	34.60	45.90	-70.10	-163.22

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Jun'06	Jun'07	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13
Ratios
ROE (%)	7	0	-419.63	-160.63	-72.77	N/A	N/A	N/A	N/A	N/A
ROCE (%)	15.01	-5	-67.29	-37.06	-50.62	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.13	1.23	1.62	1.12	0.93	1.56	0.96	1.19	1.06	0.13
PAT to CFO Conversion(x)	-3.27	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	22	8	3	5	8	11	21	22	21	76
Inventory Days	44	29	14	13	14	7	11	10	13	135
Payable Days	0	0	0	0	0	0	0	0	0	0

Kingfisher Airlines Ltd Stock News

Kingfisher Airlines Ltd FAQs

What is the share price of Kingfisher Airlines?

Company share prices are keep on changing according to the market conditions. The closing price of Kingfisher Airlines on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Kingfisher Airlines?

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 01-Jan-1970 05:30 the market cap of Kingfisher Airlines stood at ₹110.0.

What is the P/E ratio of Kingfisher Airlines?

The latest P/E ratio of Kingfisher Airlines as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Kingfisher Airlines?

The latest P/B ratio of Kingfisher Airlines as of 01-Jan-1970 05:30 is -0.01.

What is the 52-week high and low of Kingfisher Airlines?

The 52-week high of Kingfisher Airlines is ₹1.38 and the 52-week low is ₹1.26.

What is the TTM revenue of Kingfisher Airlines?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kingfisher Airlines is ₹0.00 ( Cr.) .

About Kingfisher Airlines Ltd

Kingfisher Airlines is one of the leading private players in the Indian aviation industry. Incorporated in 1995 as Deccan Aviation, the company is engaged in the business of providing passenger and helicopter charter services. The name was changed to Kingfisher Airlines in the year 2008. The airline is part of UB Group owned by Dr Vijay Mallya.

Kingfisher Airlines is India's only five-star airline rated by Skytrax, and the only one to offer premium first class service on domestic routes.

Besides being the first and only airline in India to offer in-flight entertainment, Kingfisher offers live TV on many domestic routes in India with 16 channels of live and exciting content.

The airline is a part of the UB Group that is one of Indiaâ€™s largest conglomerates with diverse interests and a global presence. The UB Group is also the largest Indian alcoholic beverages (beer and spirits) company and the third largest drinks group in the world.

Kingfisher Airlines owns 67 aircraft comprising A330, A 321 (single and double cabin), A 320 (single and double cabin), A 319, ATR 72-500 and ATR 42-500.

In India, the airline has a network in 72 cities operating more than 400 flights a day and commands a market share of 25%. Internationally, it operates flights to Dubai, Singapore, Colombo and London. The airline offers three unique classes of services Kingfisher First (business class), Kingfisher Class (premium economy) and Kingfisher Red (low fare).

The company owns two subsidiaries namely Northway Aviation and Vitae India Spirits. Northway Aviation is engaged in the business of financing pre-delivery payments and aircraft acquisition.

Kingfisher Airlines is only five-star airline in the Indian skies and is known for providing world-class in fight services to its passengers. The company has emerged as the first Indian airline that provides a range of services in the mobile segment such as flight updates, ticket buying through SMS and many more.

On October 20,2012 Director General of Civil Aviation suspended its scheduled operatorâ€™s permit. In December 2012 Kingfisher Airlines applied for renewal of its License as a scheduled carrier. Subsequently, Kingfisher Airlines submitted a restart and rehabilitation Plan to the DGCA and also attended meetings to respond to queries. The plan itself clearly states that the funding required would be provided by The UB Group.

Awards

Kingfisher Airlines has received numerous awards for innovation, customer responsiveness and was voted the â€˜Best New Airline of the Yearâ€™, within months of its launch.
The airline was awarded NDTV Profit Business Leadership Award for Aviation by NDTV.
The company was given Economic Times Avaya Award 2006 for Excellence in customer responsiveness by the highly acclaimed business daily, Economic Times.
The airline was rated amongst India's most respected companies by Business World.
Kingfisher Airlines was acknowledged as â€œThe Best Airline and Indiaâ€™s Favourite Carrierâ€- in a survey conducted by IMB for The Times of India.
The company was named as â€˜Best New Domestic Airline for Excellent Services and Cuisineâ€™ by Pacific Area Travel Writers Association (PATWA) the biggest travel writersâ€™ organisation, representing members from 70 countries across the globe, that conducts independent annual surveys across various industries related with Travel and Tourism in order to select the best in each category.
The company was voted as Best New Airline of the Year by the Centre for Asia Pacific Aviation (CAPA) Award in the Asia-Pacific and Middle East region.
The airline was acknowledged as 'India's only 5 Star airline' and '6th airline in the world' was certified by Skytrax.
Kingfisher was rated as Asia Pacific's 'Top Airline Brand' in a survey conducted by TNS on 'Asia Pacific's Top 1,000 Brands' for 2008.
"2010 - Kingfisher Airlines joins oneworld alliance
Kingfisher Airlines launched flights from Mumbai to Bangkok and from New Delhi to Bangkok.
Kingfisher Airlines launch Delhi Kathmandu flights
Kingfisher Airlines Launches New Frequent Flyer Programme For Young Flyers
Best Airline in India and Central Asiaâ€™, â€˜Best Economy Class Seatsâ€™ and â€˜Staff Service Excellence Award for airlines in India and Central Asiaâ€™ in World Airline Awards,2010
5-STAR AIRLINE' award by Skytrax for 3rd consecutive year, 2010