Past 10 year's financial track record analysis by Moneyworks4me indicates that Khemani Distributors & Marketing Ltd is a average quality company.
The key valuation ratios of Khemani Distributors & Marketing Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Khemani Distributors & Marketing 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 60.7% | 7.3% | 19.5% | 9.3% | 8% | -34.2% | 39.5% | 17.7% | 12.6% | 53.8% | - |
| Value Creation Index ⓘ | 3.3 | -0.5 | 0.4 | -0.3 | -0.4 | -3.4 | 1.8 | 0.3 | -0.1 | 2.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 66.7 | 74.8 | 71 | 70.7 | 61 | 43 | 61.4 | 68.2 | 77.9 | 97.9 | 98 |
| Sales YoY Gr. | - | 12.2% | -5% | -0.5% | -13.7% | -29.5% | 42.8% | 11% | 14.2% | 25.8% | - |
| Adj EPS ⓘ | 6.6 | 0 | 2.1 | 1.3 | 0.8 | 1.1 | 5 | 2.5 | 1.4 | 9.4 | 13.6 |
| YoY Gr. | - | -99.5% | 6833.3% | -39.4% | -35.7% | 38.3% | 343.8% | -49.9% | -43.4% | 568.1% | - |
| BVPS (₹) ⓘ | 8.4 | 11.8 | 13.9 | 15.1 | 16.3 | 12.4 | 16.9 | 18.9 | 21.2 | 34.7 | 34.7 |
| Adj Net Profit ⓘ | 7.3 | 0.1 | 4.8 | 2.9 | 1.9 | 2.6 | 11.4 | 5.7 | 3.3 | 21.6 | 31 |
| Cash Flow from Ops. ⓘ | 4.9 | -11.1 | 12.6 | 4.1 | -5.3 | -2.9 | -4.4 | 5.8 | -4.4 | 32.1 | - |
| Debt/CF from Ops. ⓘ | 2.3 | -1 | 0.4 | 2.4 | -0.2 | -1.1 | -0.7 | 0.8 | -2.4 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.4% | 9.9% | 16.8% | 25.8% | ||||
| Adj EPS ⓘ | 4.1% | 63.4% | 23.8% | 568.1% | ||||
| BVPSⓘ | 17.1% | 16.4% | 27% | 64% | ||||
| Share Price | - | -14.2% | 54.8% | 34% | ||||
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 % ⓘ | 128.4 | 0.4 | 16.2 | 8.7 | 5.1 | 7.8 | 33.8 | 13.9 | 7.1 | 33.7 | 39 |
| Op. Profit Mgn % ⓘ | 10.9 | 2.2 | 2.3 | 3.4 | 1.6 | 1.7 | 24.3 | 11 | 4.4 | 25.2 | NAN |
| Net Profit Mgn % ⓘ | 11 | 0.1 | 6.7 | 4.1 | 3 | 6 | 18.6 | 8.4 | 4.2 | 22.1 | 31.8 |
| Debt to Equity ⓘ | 1.2 | 0.4 | 0.2 | 0.3 | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 52 | 89 | 109 | 82 | 107 | 148 | 129 | 168 | 186 | 161 | 0 |
| Cash Conv. Cycle ⓘ | 44 | 61 | 63 | 50 | 58 | 69 | 63 | 94 | 98 | 63 | 0 |
Return on Equity has increased versus last 3 years average to 39.00%
Sales growth is growing at healthy rate in last 3 years 16.82%
Net Profit is growing at healthy rate in last 3 years 23.76%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.6 | - |
| TTM Sales (₹ Cr.) | 97.9 | - |
| BVPS (₹.) ⓘ | 34.7 | - |
| Reserves (₹ Cr.) ⓘ | 68 | - |
| P/BV ⓘ | 2.57 | - |
| PE ⓘ | 6.57 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 69.81 / 89.08 |
| All Time Low / High (₹) | 19.00 / 98.00 |
| Market Cap (₹ Cr.) | 205 |
| Equity (₹ Cr.) | 11.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 11.33 | 0.00 | 0.37 | 0.56 | 70.49 | 70.49 | 65.71 | 29.85 | 29.85 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 67 | 75 | 71 | 71 | 61 | 43 | 61 | 68 | 78 | 98 |
| Operating Expenses ⓘ | 59 | 73 | 69 | 68 | 60 | 59 | 47 | 61 | 74 | 73 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 57 | 70 | 67 | 66 | 58 | 40 | 45 | 58 | 71 | 69 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 1 | 2 | 2 | 2 | 1 | 18 | 2 | 2 | 3 | 3 |
| Operating Profit ⓘ | 7 | 2 | 2 | 2 | 1 | -16 | 14 | 8 | 3 | 25 |
| Operating Profit Margin (%) | 10.9% | 2.2% | 2.2% | 3.4% | 1.6% | -36.2% | 23.2% | 11.0% | 4.4% | 25.2% |
| Other Income ⓘ | 2 | 1 | 6 | 1 | 2 | 4 | 1 | 1 | 4 | 14 |
| Interest ⓘ | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 0 | 6 | 3 | 3 | -12 | 14 | 8 | 6 | 38 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 1 | -4 | 3 | 2 | 1 | 7 |
| Profit After Tax | 7 | 0 | 5 | 3 | 3 | -9 | 11 | 6 | 5 | 31 |
| PAT Margin (%) | 11.0% | 0.1% | 6.6% | 4.2% | 4.2% | -20.6% | 17.9% | 8.5% | 6.7% | 31.8% |
| Adjusted EPS (₹) | 6.6 | 0.0 | 2.1 | 1.3 | 1.1 | -3.9 | 4.8 | 2.5 | 2.3 | 13.6 |
| 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 | 9 | 27 | 32 | 35 | 37 | 29 | 39 | 43 | 49 | 80 |
| Share Capital ⓘ | 0 | 6 | 6 | 6 | 6 | 6 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 9 | 21 | 26 | 29 | 32 | 23 | 27 | 32 | 37 | 68 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 11 | 11 | 5 | 10 | 1 | 3 | 3 | 5 | 11 | 4 |
| Long Term Debt | 11 | 9 | 2 | 8 | 1 | 3 | 3 | 1 | 7 | 4 |
| Short Term Debt | 0 | 3 | 2 | 2 | 0 | 0 | 0 | 4 | 3 | 0 |
| Trade Payables | 1 | 2 | 1 | 2 | 1 | 3 | 0 | 1 | 3 | 2 |
| Others Liabilities ⓘ | 0 | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 1 | 0 |
| Total Liabilities ⓘ | 22 | 40 | 38 | 46 | 40 | 32 | 42 | 50 | 63 | 87 |
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 8 | 12 | 18 | 28 | 16 | 16 | 11 | 10 | 10 | 43 |
| Inventories | 9 | 15 | 8 | 11 | 8 | 8 | 14 | 19 | 21 | 14 |
| Trade Receivables | 1 | 3 | 2 | 2 | 2 | 2 | 1 | 3 | 3 | 3 |
| Cash Equivalents | 3 | 3 | 3 | 2 | 1 | 0 | 1 | 5 | 6 | 2 |
| Others Assetsⓘ | 1 | 8 | 7 | 3 | 12 | 3 | 14 | 12 | 22 | 24 |
| Total Assets ⓘ | 22 | 40 | 38 | 46 | 40 | 32 | 42 | 50 | 63 | 87 |
| 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 ⓘ | 5 | -11 | 13 | 4 | -5 | -3 | -4 | 6 | -4 | 32 |
| PBT ⓘ | 7 | 0 | 6 | 3 | 3 | -12 | 14 | 8 | 6 | 38 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Changes in Working Capital ⓘ | -2 | -11 | 8 | 1 | -8 | 9 | -19 | 1 | -10 | 1 |
| Tax Paid ⓘ | 0 | 0 | -1 | 0 | -1 | 0 | 0 | -3 | -1 | -7 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 5 | 1 | -1 | -33 |
| Capex | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 1 | -1 | -33 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | 12 | -13 | -4 | 5 | 2 | 0 | -2 | 5 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -2 | -6 | 6 | -7 | 2 | 0 | -2 | 6 | -3 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | -3 | -7 | -10 | 12 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 1 | 1 | -1 | -1 | -1 | -1 | 1 | 4 | 0 | -4 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 128.44 | 0.38 | 15.99 | 8.89 | 7.06 | -26.8 | 32.52 | 14.15 | 11.3 | 48.49 |
| ROCE (%) | 60.74 | 7.34 | 19.5 | 9.31 | 8.02 | -34.15 | 39.47 | 17.69 | 12.55 | 53.79 |
| Asset Turnover Ratio | 4.03 | 2.4 | 1.81 | 1.69 | 1.43 | 1.21 | 1.66 | 1.48 | 1.38 | 1.31 |
| PAT to CFO Conversion(x) | 0.71 | N/A | 2.6 | 1.33 | -1.67 | N/A | -0.36 | 1 | -0.8 | 1.03 | Working Capital Days |
| Receivable Days | 7 | 11 | 14 | 10 | 10 | 17 | 11 | 12 | 15 | 11 |
| Inventory Days | 42 | 57 | 57 | 47 | 55 | 68 | 65 | 86 | 93 | 65 |
| Payable Days | 6 | 8 | 8 | 8 | 7 | 16 | 14 | 5 | 11 | 13 |
The company was incorporated as “Khemani Distributors & Marketing Private Limited” under the provisions of the Companies Act, 1956 on January 6, 2011, by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the company was converted into a Public Limited Company and the name of the company was changed from “Khemani Distributors & Marketing Private Limited” to “Khemani Distributors & Marketing Limited” vide fresh Certificate of Incorporation consequent upon conversion to public limited company dated January 1, 2016 issued by the Registrar of Companies, Ahmedabad, Gujarat.
In March 2013, the company entered into a Redistribution Stockist Agreement with HUL wherein the company was appointed as a ‘Redistribution Stockist’ (“RS”) for all existing and future products manufactured or marketed or distributed or supplied by HUL. The company has been appointed by HUL as an RS on a nonexclusive basis with full rights to the company for selling and distribution of HUL products in such manner as it deems fit.
The company primarily caters to the retailers and wholesalers of Surat wherein it supplies the above range of HUL FMCG products. Currently, it is catering to approximately 3,500 retailers and wholesalers located in Surat. The company has been awarded a ‘Certificate of Appreciation’ for best performance in terms of ‘Growth’ and ‘Channel width of Achievement’ by HUL.
Initially, in the year 2011, the cmpany was involved in the business of distributorship of mobile handsets with one of the mobile manufacturers for the territories of Surat district, Tapi district, Navsari district, Silvassa, Daman, Umargaon, Pardi, Dharampur and Valsad town. However, it discontinued the said business in the year 2012. Subsequently, it entered into the Redistribution Stockist Agreement with HUL.
Business area of the company
The company is currently engaged in the business of trading in FMCG products of Hindustan Unilever Limited (HUL) as a ‘Redistribution Stockist’ in Surat, Gujarat. Its product portfolio includes
(a) personal care products;
(b) home care products; and
(c) food and drinks products.
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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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