Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kahan Packaging Ltd is a below average quality company.
The key valuation ratios of Kahan Packaging Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kahan Packaging Ltd is likely to Fall 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.6% | 11.2% | 12.8% | 22% | 16.6% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.1 | 0.6 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 13.6 | 12.1 | 15.9 | 20.7 | 24.7 | 25 |
| Sales YoY Gr. | - | -10.7% | 31% | 30.2% | 19.5% | - |
| Adj EPS ⓘ | 0.1 | 0.2 | 1.9 | 10.3 | 3.7 | 3.7 |
| YoY Gr. | - | 45.5% | 1106.3% | 431.1% | -64.1% | - |
| BVPS (₹) ⓘ | 4.8 | 5 | 7 | 21.9 | 32.1 | 32.1 |
| Adj Net Profit ⓘ | 0 | 0 | 0.2 | 1 | 1 | 1 |
| Cash Flow from Ops. ⓘ | -0.4 | 0.9 | -1.3 | 0.5 | -0.9 | - |
| Debt/CF from Ops. ⓘ | -12.6 | 4.7 | -4.9 | 14.6 | -6.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 26.8% | 19.5% | ||||
| Adj EPS ⓘ | NA | NA | 184.4% | -64.1% | ||||
| BVPSⓘ | NA | NA | 86.1% | 46.4% | ||||
| Share Price | - | - | - | -18.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.2 | 3.2 | 32.4 | 71 | 18.3 | 11.5 |
| Op. Profit Mgn % ⓘ | 4.7 | 6.4 | 5.8 | 10 | 9.6 | NAN |
| Net Profit Mgn % ⓘ | 0.1 | 0.1 | 1.2 | 5 | 4.1 | 4.1 |
| Debt to Equity ⓘ | 10.2 | 8.9 | 8.9 | 3.5 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 162 | 122 | 137 | 164 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 21 | 37 | 65 | 88 | 0 |
Sales growth is growing at healthy rate in last 3 years 26.78%
Net Profit is growing at healthy rate in last 3 years 184.39%
Debt to equity has declined versus last 3 years average to 0.73
Return on Equity has declined versus last 3 years average to 11.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.7 | - |
| TTM Sales (₹ Cr.) | 24.7 | - |
| BVPS (₹.) ⓘ | 32.1 | - |
| Reserves (₹ Cr.) ⓘ | 6 | - |
| P/BV ⓘ | 2.40 | - |
| PE ⓘ | 20.88 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 63.75 / 119.99 |
| All Time Low / High (₹) | 63.75 / 175.95 |
| Market Cap (₹ Cr.) | 20.9 |
| Equity (₹ Cr.) | 2.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 25 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 13.57 | 12.12 | 15.88 | 20.67 | 24.70 |
| Operating Expenses ⓘ | 12.94 | 11.34 | 14.96 | 18.61 | 22.33 |
| Manufacturing Costs | 1.04 | 0.91 | 1.28 | 1.53 | 1.46 |
| Material Costs | 11.27 | 9.90 | 12.72 | 15.80 | 19.54 |
| Employee Cost | 0.26 | 0.29 | 0.30 | 0.23 | 0.31 |
| Other Costs ⓘ | 0.37 | 0.24 | 0.66 | 1.05 | 1.02 |
| Operating Profit ⓘ | 0.63 | 0.78 | 0.92 | 2.06 | 2.37 |
| Operating Profit Margin (%) | 4.6% | 6.4% | 5.8% | 10.0% | 9.6% |
| Other Income ⓘ | 0.01 | 0.01 | 0.03 | 0.04 | 0.06 |
| Interest ⓘ | 0.43 | 0.50 | 0.51 | 0.57 | 0.73 |
| Depreciation ⓘ | 0.07 | 0.21 | 0.20 | 0.23 | 0.35 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -0.03 | 0 |
| Profit Before Tax ⓘ | 0.14 | 0.07 | 0.25 | 1.28 | 1.35 |
| Tax ⓘ | 0.13 | 0.06 | 0.05 | 0.27 | 0.35 |
| Profit After Tax | 0.01 | 0.02 | 0.20 | 1 | 1 |
| PAT Margin (%) | 0.1% | 0.1% | 1.2% | 4.9% | 4.1% |
| Adjusted EPS (₹) | 0.1 | 0.2 | 2.0 | 10.0 | 3.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.48 | 0.50 | 0.70 | 2.19 | 8.73 | |||||
| Share Capital ⓘ | 0.50 | 0.50 | 0.50 | 1 | 2.72 | |||||
| Reserves ⓘ | -0.02 | 0 | 0.20 | 1.19 | 6.01 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 3.79 | 3.27 | 5.32 | 7.08 | 5.35 | |||||
| Long Term Debt | 3.25 | 2.79 | 2.57 | 4.26 | 2.86 | |||||
| Short Term Debt | 0.55 | 0.48 | 2.76 | 2.82 | 2.49 | |||||
| Trade Payables | 4.86 | 3.85 | 2.61 | 4.45 | 3.82 | |||||
| Others Liabilities ⓘ | 1.33 | 1.38 | 1.13 | 1.22 | 1.75 | |||||
| Total Liabilities ⓘ | 10.47 | 8.99 | 9.76 | 14.95 | 19.66 | |||||
Fixed Assets | ||||||||||
| Gross Block | 4.38 | 4.42 | 4.43 | 5.67 | 7.79 | |||||
| Accumulated Depreciation | 0.23 | 0.45 | 0.64 | 0.87 | 1.22 | |||||
| Net Fixed Assetsⓘ | 4.15 | 3.98 | 3.79 | 4.81 | 6.58 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0.14 | 0.14 | 0.15 | 0.32 | 0.33 | |||||
| Inventories | 2.32 | 2.43 | 2.64 | 5.94 | 5.91 | |||||
| Trade Receivables | 3.49 | 2.35 | 2.97 | 3.34 | 6.18 | |||||
| Cash Equivalents | 0.23 | 0.06 | 0.05 | 0.04 | 0.35 | |||||
| Others Assetsⓘ | 0.13 | 0.03 | 0.16 | 0.51 | 0.32 | |||||
| Total Assets ⓘ | 10.47 | 8.99 | 9.76 | 14.95 | 19.66 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.39 | 0.94 | -1.25 | 0.53 | -0.91 |
| PBT ⓘ | 0.14 | 0.07 | 0.25 | 1.28 | 1.35 |
| Adjustment ⓘ | 0.49 | 0.70 | 0.68 | 0.79 | 0.99 |
| Changes in Working Capital ⓘ | -0.99 | 0.16 | -2.18 | -1.52 | -3.08 |
| Tax Paid ⓘ | -0.02 | 0 | 0 | -0.01 | -0.18 |
| Cash Flow From Investing Activity ⓘ | -1.04 | -0.13 | -0.02 | -1.40 | -2.14 |
| Capex | -0.91 | -0.04 | -0.01 | -1.24 | -2.12 |
| Net Investments | -0.14 | -0.01 | -0.01 | -0.16 | -0.02 |
| Others ⓘ | 0.01 | -0.08 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1.51 | -0.99 | 1.25 | 0.87 | 3.36 |
| Net Proceeds from Shares ⓘ | 0.45 | 0 | 0 | 0 | 5.54 |
| Net Proceeds from Borrowing ⓘ | -0.18 | -0.46 | -0.22 | 1.57 | -1.40 |
| Interest Paid ⓘ | -0.42 | -0.50 | -0.49 | -0.57 | -0.65 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.66 | -0.03 | 1.96 | -0.14 | -0.14 |
| Net Cash Flow ⓘ | 0.08 | -0.18 | -0.01 | 0 | 0.31 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.18 | 3.21 | 33.15 | 69.52 | 18.34 | |||||
| ROCE (%) | 10.64 | 11.17 | 12.77 | 21.97 | 16.6 | |||||
| Asset Turnover Ratio | 1.3 | 1.25 | 1.69 | 1.67 | 1.43 | |||||
| PAT to CFO Conversion(x) | -39 | 47 | -6.25 | 0.53 | -0.91 | Working Capital Days | ||||
| Receivable Days | 94 | 88 | 61 | 56 | 70 | |||||
| Inventory Days | 63 | 72 | 58 | 76 | 88 | |||||
| Payable Days | 157 | 161 | 93 | 82 | 77 | |||||
Kahan Packaging was originally incorporated as a public limited company under the name and style of ‘Kahan Packaging Limited’ at Maharashtra, Mumbai, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 19, 2013 issued by the Registrar of Companies, Maharashtra, Mumbai. It commenced commercial operations pursuant to a Certificate of Commencement of Business dated March 14, 2013 issued by the Registrar of Companies, Maharashtra, Mumbai.
The company started its operations in the year 2016, since then has been in the business of manufacturing and supply of Polypropylene (PP)/ High Density Polyethylene (HDPE) Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric- Un-Laminated, PP Woven Bag, PP Woven Bag with Liner, Printed Laminates for Flexible Packaging, woven polymer based products of different weight, sizes and colors as per customer’s specifications. It offers customized bulk packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as Agro Pesticides Industry, Cement Industry, Chemical Industry, Fertilizer Industry and Food Products Industry.
HDPE/PP are two commonly used materials in the bulk packaging industry due to benefits which includes durability, lightweight, versatility, recyclability, chemical resistance, moisture resistance, cost-effective, high tear resistance which has lower carbon footprint during transportation due to its lightweight nature. Over the years, it has made investments, from time to time, in its manufacturing infrastructure to support its product portfolio requirements.
All Its products are manufactured in-house at its manufacturing units located Thane, Maharashtra, which enables it to have an effective control over the manufacturing process, to ensure consistent quality of its products and minimizing production time and bringing cost effectiveness. The manufacturing units of the company are constructed on well-developed land. Its manufacturing unit is strategically located at Thane providing it with strategic and operational advantages and has a modern technology and testing equipment’s with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.
Business area of the company
The company has been in the business of manufacturing and supply of Polypropylene (PP)/ High Density Polyethylene (HDPE) Woven Fabric- Laminated, HDPE/PP woven sacks, Woven Fabric- Un-Laminated, PP Woven Bag, PP Woven Bag with Liner, Printed Laminates for Flexible Packaging, woven polymer based products of different weight, sizes and colors as per customer’s specifications.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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