BSE: 0 | NSE: KDL | Telecommunication - Service Provider | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kore Digital Ltd is a average quality company.
The key valuation ratios of Kore Digital 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 Kore Digital 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 % ⓘ | 22.2% | 112.4% | 186.9% | 85.7% | 39.9% | - |
| Value Creation Index ⓘ | 0.6 | 7.0 | 12.4 | 5.1 | 1.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 0.9 | 4 | 16.9 | 21.3 | 104 | 180 |
| Sales YoY Gr. | - | 352.3% | 325.6% | 25.6% | 386.7% | - |
| Adj EPS ⓘ | 0.1 | 1 | 8.7 | 12.8 | 28.7 | 40.4 |
| YoY Gr. | - | 1371.4% | 739.8% | 47.8% | 124.3% | - |
| BVPS (₹) ⓘ | 0.3 | 1.4 | 10 | 22.8 | 183.4 | 202.3 |
| Adj Net Profit ⓘ | 0 | 0.3 | 2.2 | 3.2 | 11.5 | 16 |
| Cash Flow from Ops. ⓘ | 0 | 0.3 | 1.3 | 0.4 | -8.3 | - |
| Debt/CF from Ops. ⓘ | 0 | 0.9 | 0.1 | 4.8 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 196.3% | 386.7% | ||||
| Adj EPS ⓘ | NA | NA | 203.1% | 124.3% | ||||
| BVPSⓘ | NA | NA | 414.1% | 704.9% | ||||
| Share Price | - | - | - | 406.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 22.2 | 122.5 | 152.3 | 78 | 28.6 | 20.9 |
| Op. Profit Mgn % ⓘ | 2.1 | 10.3 | 18.5 | 22.3 | 15 | 12.3 |
| Net Profit Mgn % ⓘ | 2.1 | 6.5 | 12.9 | 15.1 | 11.1 | 9 |
| Debt to Equity ⓘ | 0 | 0.6 | 0.1 | 0.4 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 332 | 196 | 391 | 238 | 174 |
| Cash Conv. Cycle ⓘ | 0 | 242 | 71 | 66 | -63 | 69 |
Sales growth is growing at healthy rate in last 3 years 196.28%
Net Profit is growing at healthy rate in last 3 years 203.06%
Sales growth is good in last 4 quarters at 604.24%
Return on Equity has declined versus last 3 years average to 20.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 40.4 | - |
| TTM Sales (₹ Cr.) | 180 | - |
| BVPS (₹.) ⓘ | 202.3 | - |
| Reserves (₹ Cr.) ⓘ | 77 | - |
| P/BV ⓘ | 9.84 | - |
| PE ⓘ | 49.29 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 798 |
| Equity (₹ Cr.) | 4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 66.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 1 | 4 | 17 | 21 | 104 |
| Operating Expenses ⓘ | 1 | 4 | 14 | 17 | 88 |
| Manufacturing Costs | 0 | 1 | 0 | 1 | 1 |
| Material Costs | 1 | 2 | 13 | 14 | 85 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 0 | 0 | 1 | 1 | 2 |
| Operating Profit ⓘ | 0 | 0 | 3 | 5 | 16 |
| Operating Profit Margin (%) | 2.1% | 10.3% | 18.5% | 22.3% | 15.0% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 2 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 3 | 4 | 16 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 5 |
| Profit After Tax | 0 | 0 | 2 | 3 | 11 |
| PAT Margin (%) | 2.1% | 6.5% | 12.9% | 15.1% | 11.1% |
| Adjusted EPS (₹) | 0.1 | 1.0 | 8.7 | 12.8 | 28.7 |
| 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 | 0 | 3 | 6 | 74 | |||||
| Share Capital ⓘ | 0 | 0 | 0 | 3 | 4 | |||||
| Reserves ⓘ | 0 | 0 | 3 | 3 | 70 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0 | 0 | 0 | 2 | 1 | |||||
| Long Term Debt | 0 | 0 | 0 | 2 | 0 | |||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 0 | 0 | 10 | 26 | 73 | |||||
| Others Liabilities ⓘ | 2 | 5 | 2 | 3 | 5 | |||||
| Total Liabilities ⓘ | 2 | 6 | 14 | 36 | 153 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 3 | 11 | |||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | 1 | |||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 3 | 10 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 2 | 3 | 9 | 16 | 26 | |||||
| Trade Receivables | 0 | 1 | 2 | 14 | 49 | |||||
Cash Equivalents  ⓘ
| 0 | 0 | 1 | 0 | 40 | |||||
| Others Assetsⓘ | 0 | 1 | 2 | 3 | 27 | |||||
| Total Assets ⓘ | 2 | 6 | 14 | 36 | 153 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 1 | 0 | -8 |
| PBT ⓘ | 0 | 0 | 3 | 4 | 16 |
| Adjustment ⓘ | 0 | 0 | 0 | 0 | 1 |
| Changes in Working Capital ⓘ | 0 | -0 | -1 | -3 | -24 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -3 | -8 |
| Capex | 0 | 0 | 0 | -3 | -8 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 1 | 56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 56 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 2 | -1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 2 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | -1 | 40 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 152.29 | 77.97 | 29 | |||||
| ROCE (%) | N/A | N/A | 186.92 | 85.7 | 39.91 | |||||
| Asset Turnover Ratio | 0.46 | 1.03 | 1.67 | 0.84 | 1.1 | |||||
| PAT to CFO Conversion(x) | N/A | N/A | 0.5 | 0 | -0.73 | Working Capital Days | ||||
| Receivable Days | 2 | 62 | 34 | 133 | 111 | |||||
| Inventory Days | 768 | 209 | 131 | 219 | 74 | |||||
| Payable Days | 144 | 66 | 148 | 466 | 214 | |||||
The company was originally incorporated as Kore Digital Private Limited on February 13, 2009 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently the name of the company was changed from ‘as Kore Digital Private Limited’ to ‘Kore Digital Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 08, 2022 and had obtained fresh certificate of incorporation July 29, 2022 issued by the Registrar of Companies, Maharashtra, Mumbai.
Kore Digital was set up with an object to provide high-end communication solutions to corporate and Telecom Network Operators. The company is a growing passive telecommunication infrastructure provider in Maharashtra, engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (OFC) Systems in Maharashtra. Passive infrastructure refers to the telecommunication towers for wireless telecommunication services and OFC is used for the purpose of hosting and assisting in the operation of the active infrastructure used for transmitting telecommunications signals or transporting voice and data traffic. Being a passive communication infrastructure Company, the company is focused towards providing passive communication infrastructure services mainly to the Telecom Network Operators, Broad Band Service Operators and Internet Service Providers (ISPs) in Maharashtra, especially in locations in and around Mumbai.
The company has been licensed by Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License in the year 2009, under which it can establish and maintain assets Dark Fibres, right of way, duct space and tower for the purpose to grant on lease or rent or sale basis to the licensees of Telecom Network Operators, Broad Band Service Operators and ISPs. It also provided support services such as includes project management for laying of the duct and optic fibre cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre and optical fibre project turnkey services to various, Telecom Network Operators & Broad Band Service Operators and ISPs across Maharashtra. Apart from laying the network under the project or own network, it is also engaged in the operations & maintenance activity of the fibre network and preventing the underground optic fiber therein from getting cut due to activities like road repairs, digging and expansion works by various authorities.
Business area of the company
Kore Digital was set up with an object to provide high-end communication solutions to corporate and Telecom Network Operators. The company is engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable Systems in Maharashtra.
History and milestones
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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.
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