BSE: 502937 | NSE: KESORAMIND | Cement & Construction Materials | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kesoram Industries Ltd is a average quality company.
The key valuation ratios of Kesoram Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kesoram Industries Ltd is likely to Rise-somewhat 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.9% | 15% | 2.6% | -1.1% | 4.5% | -6.2% | 5.1% | 15.3% | 5% | 10.1% | - |
| Value Creation Index ⓘ | -0.6 | 0.1 | -0.8 | -1.1 | -0.7 | -1.4 | -0.6 | 0.1 | -0.6 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 4,873 | 4,387 | 3,677 | 3,587 | 3,879 | 2,330 | 2,415 | 3,540 | 3,534 | 3,740 | 2,709 |
| Sales YoY Gr. | - | -10% | -16.2% | -2.4% | 8.1% | -39.9% | 3.7% | 46.6% | -0.2% | 5.9% | - |
| Adj EPS ⓘ | -50.8 | -46.9 | -17.2 | -25.6 | -14.8 | -12.8 | -1.4 | -5.3 | 0.2 | -9.2 | -10.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | -5535.3% | - |
| BVPS (₹) ⓘ | 6.6 | 22.5 | 61.7 | 43.1 | 31.8 | 1.6 | 18 | 24.8 | 20.9 | 10.2 | 8.7 |
| Adj Net Profit ⓘ | -652 | -643 | -236 | -411 | -246 | -214 | -27.4 | -130 | 5.3 | -287 | -337 |
| Cash Flow from Ops. ⓘ | 519 | 210 | 119 | 215 | 756 | 759 | 256 | 336 | 180 | 275 | - |
| Debt/CF from Ops. ⓘ | 10 | 25.1 | 27.5 | 16.1 | 3.9 | 2.6 | 7.2 | 5 | 9.6 | 7.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.9% | -0.7% | 15.7% | 5.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | -5535.3% | ||||
| BVPSⓘ | 4.9% | -20.3% | -17.2% | -51% | ||||
| Share Price | 8.1% | 32.2% | 50.6% | 80.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -233.6 | -262.1 | -37.8 | -50.8 | -37.8 | -76.8 | -14.6 | -27.3 | 0.8 | -59.5 | -114.7 |
| Op. Profit Mgn % ⓘ | 2.5 | -6.7 | 0.8 | -1.9 | 5.3 | 9.8 | 16.3 | 15.5 | 8.5 | 10.1 | 9.5 |
| Net Profit Mgn % ⓘ | -13.4 | -14.7 | -6.4 | -11.5 | -6.4 | -9.2 | -1.1 | -3.7 | 0.2 | -7.7 | -12.4 |
| Debt to Equity ⓘ | 61.1 | 16.7 | 3.9 | 5 | 5.6 | 72.3 | 5.3 | 2.8 | 2.7 | 6.4 | 0 |
| Working Cap Days ⓘ | 206 | 271 | 267 | 206 | 160 | 182 | 108 | 73 | 83 | 88 | 23 |
| Cash Conv. Cycle ⓘ | 64 | 45 | 24 | 24 | -7 | -73 | -107 | -57 | -38 | -35 | 2 |
Sales growth is growing at healthy rate in last 3 years 15.70%
Return on Equity is Poor
Debt to equity has increased versus last 3 years average to 6.44
Sales growth is not so good in last 4 quarters at -4.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -10.8 | -13.7 |
| TTM Sales (₹ Cr.) | 2,709 | 2,972 |
| BVPS (₹.) ⓘ | 8.7 | 0.3 |
| Reserves (₹ Cr.) ⓘ | -41 | -302 |
| P/BV ⓘ | 23.64 | 720.72 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 112.40 / 229.70 |
| All Time Low / High (₹) | 7.10 / 456.37 |
| Market Cap (₹ Cr.) | 6,381 |
| Equity (₹ Cr.) | 310.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48.4 |
| Pledged * | 45.73 | 40.81 | 21.27 | 21.27 | 21.27 | 21.27 | 51.58 | 51.11 | 51.11 | 51.11 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,873 | 4,387 | 3,677 | 3,587 | 3,879 | 2,330 | 2,415 | 3,540 | 3,534 | 3,740 |
| Operating Expenses ⓘ | 4,758 | 4,704 | 3,653 | 3,656 | 3,683 | 2,101 | 2,021 | 2,991 | 3,233 | 3,363 |
| Manufacturing Costs | 848 | 1,136 | 740 | 800 | 786 | 734 | 676 | 1,237 | 1,514 | 1,465 |
| Material Costs | 2,088 | 1,643 | 1,330 | 1,217 | 1,198 | 241 | 264 | 342 | 333 | 389 |
| Employee Cost | 470 | 389 | 313 | 323 | 272 | 134 | 141 | 148 | 159 | 161 |
| Other Costs ⓘ | 1,352 | 1,535 | 1,269 | 1,316 | 1,427 | 993 | 939 | 1,264 | 1,227 | 1,349 |
| Operating Profit ⓘ | 116 | -317 | 24 | -69 | 196 | 229 | 394 | 549 | 301 | 377 |
| Operating Profit Margin (%) | 2.4% | -7.2% | 0.6% | -1.9% | 5.0% | 9.8% | 16.3% | 15.5% | 8.5% | 10.1% |
| Other Income ⓘ | 66 | 119 | 106 | 228 | 110 | 79 | 102 | 38 | 70 | 43 |
| Interest ⓘ | 681 | 678 | 282 | 421 | 438 | 315 | 246 | 482 | 423 | 462 |
| Depreciation ⓘ | 277 | 125 | 123 | 128 | 133 | 91 | 96 | 91 | 82 | 115 |
| Exceptional Items ⓘ | 409 | 1,137 | 121 | -75 | 0 | -387 | -295 | -154 | -173 | -65 |
| Profit Before Tax ⓘ | -367 | 137 | -154 | -466 | -266 | -486 | -140 | -140 | -306 | -222 |
| Tax ⓘ | 0 | 0 | 1 | -2 | -12 | 0 | -307 | -10 | -191 | 110 |
| Profit After Tax | -367 | 137 | -155 | -464 | -254 | -486 | 167 | -130 | -116 | -332 |
| PAT Margin (%) | -7.5% | 3.1% | -4.2% | -12.9% | -6.6% | -20.8% | 6.9% | -3.7% | -3.3% | -8.9% |
| Adjusted EPS (₹) | -28.6 | 10.0 | -11.3 | -28.9 | -15.3 | -29.1 | 8.7 | -5.3 | -3.7 | -10.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 87 | 403 | 846 | 691 | 530 | 27 | 347 | 605 | 648 | 317 |
| Share Capital ⓘ | 110 | 125 | 117 | 137 | 143 | 143 | 165 | 244 | 311 | 311 |
| Reserves ⓘ | -22 | 278 | 729 | 554 | 388 | -115 | 182 | 361 | 338 | 7 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4,497 | 4,704 | 3,178 | 3,341 | 2,789 | 1,853 | 1,778 | 1,558 | 1,649 | 1,978 |
| Long Term Debt | 3,365 | 3,444 | 2,137 | 2,120 | 2,031 | 1,337 | 1,774 | 1,554 | 1,646 | 1,928 |
| Short Term Debt | 1,132 | 1,260 | 1,041 | 1,221 | 758 | 516 | 4 | 4 | 3 | 50 |
| Trade Payables | 563 | 583 | 509 | 686 | 838 | 584 | 531 | 530 | 493 | 586 |
| Others Liabilities ⓘ | 1,312 | 1,275 | 760 | 944 | 932 | 567 | 195 | 260 | 44 | 58 |
| Total Liabilities ⓘ | 6,459 | 6,965 | 5,294 | 5,662 | 5,090 | 3,031 | 2,851 | 2,953 | 2,833 | 2,939 |
Fixed Assets | ||||||||||
| Gross Block | 3,236 | 3,079 | 2,152 | 2,615 | 2,634 | 2,018 | 2,037 | 2,070 | 1,849 | 1,965 |
| Accumulated Depreciation | 1,690 | 1,677 | 123 | 250 | 373 | 348 | 439 | 527 | 559 | 674 |
| Net Fixed Assetsⓘ | 1,547 | 1,402 | 2,030 | 2,365 | 2,261 | 1,670 | 1,598 | 1,543 | 1,290 | 1,291 |
| CWIP ⓘ | 548 | 556 | 712 | 781 | 788 | 14 | 15 | 28 | 48 | 25 |
| Investmentsⓘ | 766 | 706 | 101 | 508 | 507 | 500 | 538 | 380 | 388 | 371 |
| Inventories | 734 | 556 | 419 | 387 | 291 | 115 | 102 | 141 | 181 | 238 |
| Trade Receivables | 767 | 545 | 493 | 535 | 555 | 170 | 275 | 317 | 359 | 442 |
| Cash Equivalents | 140 | 444 | 177 | 98 | 46 | 10 | 105 | 176 | 109 | 183 |
| Others Assetsⓘ | 1,957 | 2,757 | 1,363 | 987 | 641 | 554 | 219 | 368 | 459 | 388 |
| Total Assets ⓘ | 6,459 | 6,965 | 5,294 | 5,662 | 5,090 | 3,031 | 2,851 | 2,953 | 2,833 | 2,939 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 519 | 210 | 119 | 215 | 756 | 759 | 256 | 336 | 180 | 275 |
| PBT ⓘ | -367 | 137 | -154 | -466 | -266 | -486 | -140 | -140 | -306 | -222 |
| Adjustment ⓘ | 611 | -263 | 188 | 454 | 531 | 726 | 555 | 700 | 615 | 616 |
| Changes in Working Capital ⓘ | 261 | 331 | 87 | 242 | 461 | 470 | -159 | -226 | -130 | -115 |
| Tax Paid ⓘ | 14 | 4 | -2 | -16 | 31 | 48 | -1 | 2 | 2 | -4 |
| Cash Flow From Investing Activity ⓘ | -42 | 545 | 1,804 | -453 | 136 | -448 | -225 | -79 | -16 | -90 |
| Capex | -53 | -291 | -336 | -644 | -22 | -22 | -19 | -32 | -63 | -63 |
| Net Investments | 0 | 428 | 1 | 1 | 2 | -3 | -4 | -43 | -1 | -31 |
| Others ⓘ | 11 | 408 | 2,139 | 190 | 156 | -424 | -202 | -4 | 48 | 4 |
| Cash Flow From Financing Activityⓘ | -414 | -426 | -2,126 | 60 | -1,323 | -118 | 181 | -229 | -230 | -144 |
| Net Proceeds from Shares ⓘ | 0 | 90 | 0 | 220 | 0 | 0 | 0 | 334 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 629 | -60 | -1,511 | 99 | -63 | -36 | 878 | -364 | 21 | 351 |
| Interest Paid ⓘ | -678 | -679 | -372 | -437 | -417 | -280 | -409 | -236 | -246 | -542 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -364 | 224 | -242 | 177 | -843 | 199 | -288 | 37 | -5 | 47 |
| Net Cash Flow ⓘ | 63 | 329 | -203 | -179 | -431 | 192 | 212 | 28 | -66 | 41 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -132.52 | 69.72 | -26.83 | -60.3 | -41.64 | -174.15 | 89.15 | -27.3 | -18.46 | -68.7 |
| ROCE (%) | 5.89 | 15.01 | 2.64 | -1.06 | 4.47 | -6.22 | 5.05 | 15.25 | 4.98 | 10.12 |
| Asset Turnover Ratio | 0.81 | 0.73 | 0.67 | 0.68 | 0.72 | 0.57 | 0.82 | 1.22 | 1.33 | 1.44 |
| PAT to CFO Conversion(x) | N/A | 1.53 | N/A | N/A | N/A | N/A | 1.53 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 58 | 49 | 46 | 51 | 51 | 57 | 34 | 31 | 32 | 35 |
| Inventory Days | 57 | 48 | 43 | 40 | 32 | 32 | 16 | 13 | 15 | 18 |
| Payable Days | 96 | 111 | 123 | 140 | 181 | 884 | 719 | 567 | 561 | 506 |
Kesoram Industries (KIL) was incorporated in October 1919 as Kesoram Cotton Mills. The name was changed to Kesoram Industries & Cotton Mills in the year 1961. Later, in the year 1986, the name was changed once again to the present one. KIL is a diversified conglomerate belonging to the BK Birla Group.
The company is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de
Manufacturing facilities
The company set up its rayon yarn manufacturing unit in
KIL’s transparent paper unit is located in
The company’s cast iron spun pipes unit has a production capacity 45,000 metric tonnes per annum.
KIL has two cement manufacturing facilities located at Andhra Pradesh with a production capacity of 1.2 million metric tonnes and 4.1 million metric tonnes.
The company has set up automotive tyres and tubes unit in collaboration with Pirelli in Orissa. The unit has an annual production of 2.1 million tyres, 1.4 million tubes and 1.1 million flaps.
Its heavy chemicals plant produces 12,410 mtpa of caustic soda lye, 5,045 mtpa liquid chlorine, 6,205 mtpa of sodium hypochlorite, 8,200 mtpa of hydrochloric acid, 3,200 mtpa of ferric alum, 18,700 mtpa of sulphuric acid and 16,20,000 m3pa of purified hydrogen gas.
Awards
KIL has won FAPCCI Award for Excellence in Industrial Productivity in 2007.
The company was awarded “Best Management Award 2007†by government of Andhra Pradesh.
2010 - Award for "Excellence in workers' welfare" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh.
2012 - Kesoram Industries had entered into a joint venture with Maharashtra Seamless Limited and Dhariwal Infrastructure Private Limited for working a coal block allocated to it by the Central Government in the State of Maharashtra.
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