KCP Ltd - Stock Valuation and Financial Performance

BSE: 590066 | NSE: KCP | Cement & Construction Materials | Small Cap

KCP Share Price

247.30 -12.25 -4.72%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on KCP

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

KCP stock performance -

mw4me loader
P/E Ratio (SA):
84.28
Market Cap:
3,188.2 Cr.
52-wk low:
141.8
52-wk high:
281.4

Is KCP Ltd an attractive stock to invest in?

1. Is KCP Ltd a good quality company?

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

2. Is KCP Ltd undervalued or overvalued?

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

3. Is KCP Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of KCP Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of KCP:

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.
KCP 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.1%14%12.5%16.8%9.1%3.9%26.9%20.9%0.4%9.4%-
Value Creation
Index
-0.4-0-0.10.2-0.4-0.70.90.5-1.0-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6077508181,0151,1429381,2951,5841,6721,7021,538
Sales YoY Gr.-23.5%9.1%24.1%12.5%-17.9%38.1%22.4%5.5%1.8%-
Adj EPS 1.33.42.76.83.1-0.511.910-2.13.52.9
YoY Gr.-152.2%-21.6%155.1%-54.6%-116.6%NA-16.2%-121%NA-
BVPS (₹) 27.830.131.936.238.136.348.156.253.156.453.6
Adj Net
Profit
17.343.634.187.239.5-6.5153129-26.944.938
Cash Flow from Ops. 13016796.216377.714113084.991.869.8-
Debt/CF from Ops. 3.52.44.32.97.23.6343.33.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.1%8.3%9.6%1.8%
Adj EPS 11.2%2.5%-33.6%NA
BVPS8.2%8.2%5.5%6.3%
Share Price 14.6% 33.8% 26.1% 61.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.811.78.519.98.3-1.428.219.1-3.86.45.3
Op. Profit
Mgn %
16.119.717.615.610.68.422.813.81.25.85.7
Net Profit
Mgn %
2.95.84.28.63.5-0.711.88.1-1.62.62.5
Debt to
Equity
1.31111.11.10.60.50.40.30.1
Working Cap
Days
1611231121021011218473939060
Cash Conv.
Cycle
504440333641192030294

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.30%

Sales growth has been subdued in last 3 years 9.55%

Net Profit has been subdued in last 3 years -33.61%

Sales growth is not so good in last 4 quarters at -8.72%

Latest Financials - KCP Ltd.

Standalone Consolidated
TTM EPS (₹) 2.9 17
TTM Sales (₹ Cr.) 1,538 2,696
BVPS (₹.) 53.6 115.2
Reserves (₹ Cr.) 693 1,473
P/BV 4.62 2.15
PE 84.28 14.55
From the Market
52 Week Low / High (₹) 141.80 / 281.35
All Time Low / High (₹) 11.12 / 281.35
Market Cap (₹ Cr.) 3,188
Equity (₹ Cr.) 12.9
Face Value (₹) 1
Industry PE 51

Management X-Ray of KCP:

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 KCP

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6077508181,0151,1429381,2951,5841,6721,702
Operating Expenses 5106036758571,0218601,0001,3671,6511,604
Manufacturing Costs207183265355408329353586827740
Material Costs124213179170240189269270340348
Employee Cost 5366789386809310088101
Other Costs 126140152239288261285410396414
Operating Profit 98147143158121782952182198
Operating Profit Margin (%) 16.1%19.6%17.5%15.6%10.6%8.4%22.8%13.7%1.2%5.8%
Other Income 124648223342645060
Interest 50464836366551353529
Depreciation 34394949527169656667
Exceptional Items -1-10-900000-1
Profit Before Tax 24655311255-25217182-3162
Tax 822193115-196353-617
Profit After Tax 1643348140-7153129-2645
PAT Margin (%) 2.7%5.7%4.1%8.0%3.5%-0.7%11.8%8.2%-1.5%2.6%
Adjusted EPS (₹)1.23.32.66.33.1-0.511.910.0-2.03.5
Dividend Payout Ratio (%)61%30%76%16%33%-29%17%10%-5%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 359387411466491467620724684727
Share Capital 13131313131313131313
Reserves 346375398453478454607711671714
Minority Interest0000000000
Debt360301306395447384290248213147
Long Term Debt31825422233633327024817913184
Short Term Debt4247845911411542698263
Trade Payables482838527211476869870
Others Liabilities 286334314342370338448506483447
Total Liabilities 1,0521,0501,0691,2551,3801,3041,4331,5641,4781,392

Fixed Assets

Gross Block8561,0087277511,0891,1651,1751,2151,2341,258
Accumulated Depreciation2643024997148219287352415477
Net Fixed Assets592706679654941946888864819781
CWIP 1021143253401220465
Investments 29292929292929292727
Inventories148121117127177152119182207160
Trade Receivables16303226294363677569
Cash Equivalents 331922273035183202117128
Others Assets13213514713913387132215226222
Total Assets 1,0521,0501,0691,2551,3801,3041,4331,5641,4781,392

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1301679616378141130859270
PBT 24655211255-25217182-3162
Adjustment 75819142679477435037
Changes in Working Capital 3735-3528-3380-130-10978-21
Tax Paid -6-14-12-19-11-7-33-31-5-8
Cash Flow From Investing Activity -52-55-50-193-110-141430-928
Capex -62-58-52-235-126-45-20-26-24-28
Net Investments 0000000020
Others 103242163134551357
Cash Flow From Financing Activity -65-127-422831-120-162-114-85-98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 42-61-3211424-51-41-69-48-47
Interest Paid -49-45-47-35-34-56-45-30-34-27
Dividend Paid -2-230-26-13-13-2-26-13-1
Others -56237-25550-731110-23
Net Cash Flow 13-144-1-17-170-20
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.611.498.4718.538.26-1.4128.2119.25-3.636.38
ROCE (%)9.1413.9712.5316.819.123.9126.8920.910.49.38
Asset Turnover Ratio0.670.820.90.910.870.70.951.291.261.36
PAT to CFO Conversion(x)8.133.882.822.011.95N/A0.850.66N/A1.56
Working Capital Days
Receivable Days1610121091415121413
Inventory Days71574642496438283734
Payable Days154656797941791291109988

KCP Ltd Stock News

KCP Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KCP on 20-Dec-2024 16:59 is ₹247.3.
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 20-Dec-2024 16:59 the market cap of KCP stood at ₹3,188.2.
The latest P/E ratio of KCP as of 20-Dec-2024 16:59 is 84.28.
The latest P/B ratio of KCP as of 20-Dec-2024 16:59 is 4.62.
The 52-week high of KCP is ₹281.4 and the 52-week low is ₹141.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KCP is ₹1,538 ( Cr.) .

About KCP Ltd

KCP is a diversified $50 million  business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology. KCP's cement division has a state-of-the-art cement manufacturing plant at Macherla in Andhra Pradesh. It was India’s 1st dry process kiln installed in 1958 by HUMBOLDT, Germany even while it was still a prototype in Europe. Strong emphasis on new technology characterizes all operations at KCP’s Macherla plant.

In 1962 KCP installed a second wet process kiln in collaboration with FIVES LILLIE CAIL, France. KCP’s 100% modernized cement plant with a World Bank funded outlay of Rs 367 million incorporates the latest technology such as the energy-efficient dry process, with a two support kiln and a five stage pre-heater with flash calciner. KCP also incorporates a sophisticated centralized process control system with hardware and software from SIEMENS, Germany.

KCP has successfully designed and built a mobile launch pedestal (MLP) for Indian Space Research Organization's (ISRO) Satish Dhavan Space Centre at Sreeharikotta. It is on such platforms that the launch vehicles will carry the remote sensing satellites and communication satellites. The launch vehicle together with the MLP would weigh around 900 tonne and is a result of the joint initiative by the scientists of the ISRO and KCP Engineers.

The heavy engineering division of The KCP Limited, established in 1955,  is a sprawling, hi-tech complex that can roll out the entire range of heavy mechanical equipment for the core sector industries. This complex is one of the largest, well integrated workshops of its kind and has facilities for casting, fabricating and machining heavy equipment.KCP has a marked presence in the supply of key mechanical machinery to the core sector industries.

When the government of Andhra Pradesh gave private enterprises the opportunity to generate their own power, KCP rose to the challenge by establishing mini-hydel projects on the Guntur Canal. Using innovative technology, KCP developed the most cost effective way to generate power from five different canal drops. The capacity of  four of these power projects is 1.5 megawatts and the fifth is 2.25 megawatts . Construction work for three of these projects are already complete ; the other two projects are nearing completion. The company is engaged in the manufacturing of - KCP Grade 53 Portland,Cement

  • 2002  KCP Biotech Limited setup at Biotech Park, Shameerpet, Hyderabad to manufacture biotech related products.
  • 2001 KCP Heavy Engineering Plant II setup at Arakonam near Chennai, to execute medium to large sized fabrication projects.
  • 1999 KCP Hydel Power Division setup at Nekkarikallu, Andhra Pradesh on the Guntur Canal of Krishna river to generate 8 MW of power.
  • 1999 KCP Vietnam Industries Limited, a fully owned subsidiary of the KCP Limited setup to manufacture sugar at Thua Thien Hue Province at Central Vietnam. This 2500 TCD plant was shifted to Son Hoa District, Phuyen Province in 2001.
  • 1999 KCP Technologies Limited setup to provide high quality IT Solutions & Engineering Technical Services.
  • 1995 FCB-KCP Limited, (now Fives Cail-KCP) setup as a joint venture with Fives Cail Group of France for the design and manufacture of Sugar Plants.
  • 1995 KCP Sugar Manufacturing Division demerger into a separate company, KCP Sugar & Industries Limited.
  • 1984 Arakonam Castings & Forgings Limited, started as a joint venture between The KCP Limited and the Tamilnadu Industrial Development Corporation (TIDCO).
  • 1984 Fuller KCP Limited, a joint venture with Fuller International Inc, USA was launched, for the design and manufacture of large-sized cement plants and other mineral processing equipment. KCP divested its stake to FL Smidth, Denmark in 1996.
  • 1967 EIMCO-KCP Limited, started as a joint venture between The KCP Limited and EIMCO Corporatation, USA. Currently a 100% subsidiary of KCP Sugar & Industries Limited.
  • 1958 KCP Cement Division, setup at Macherla, Andhra Pradesh with a state-of-the-art cement manufacturing plant. India's first dry process kiln was installed at Macherla by HUMBOLDT AG, Germany in 1958 (while still a prototype in Europe).
  • 1955 KCP Heavy Engineering Division Plant I, setup at Tiruvottiyur, Chennai consisting of an integrated manufacturing facility, which caters to a wide range of heavy mechanical equipment and sub-systems for core sector industries.
  • 1941 An 800 TCD Sugar Plant was setup at Vuyyuru, Andhra Pradesh, India by Sri. V. Ramakrishna, Founder Chairman of KCP

Awards /Achievements

The KCP Cement Division received the National Award for the Second Best Improvement in Energy Performance during the year 1996-97.

KCP Limited won both the Excellence Award as well as the Udyog Rattan Award bestowed yearly by The Institute of Economic Studies (IES) , New Delhi to organizations and individuals for their significant contribution to the Indian economy.

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