BSE: 521242 | NSE: KANDAGIRI | Textile - Spinning | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kandagiri Spinning Mills Ltd is a average quality company.
The key valuation ratios of Kandagiri Spinning Mills 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 Weak which suggest that the price of Kandagiri Spinning Mills 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 % ⓘ | 12% | 1.7% | 2.3% | -9% | -17.1% | -15.1% | 8.6% | 25% | 30.3% | 5.3% | - |
| Value Creation Index ⓘ | -0.1 | -0.9 | -0.8 | -1.6 | -2.2 | NA | NA | NA | 1.2 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 189 | 145 | 78 | 54.4 | 69.6 | 26.6 | 2.5 | 3.2 | 1.2 | 1.5 | 2 |
| Sales YoY Gr. | - | -23.5% | -46.1% | -30.3% | 27.9% | -61.8% | -90.4% | 25.6% | -61.4% | 22% | - |
| Adj EPS ⓘ | 3.8 | -29.5 | -56.3 | -29.2 | -45.2 | -40.6 | -2.4 | -0.7 | 4 | -4.8 | -7 |
| YoY Gr. | - | -867.2% | NA | NA | NA | NA | NA | NA | NA | -219.7% | - |
| BVPS (₹) ⓘ | 78.2 | 49.5 | 96.5 | 64 | 15.6 | -14.5 | -16.9 | -16.2 | -12.2 | -16.8 | -18.8 |
| Adj Net Profit ⓘ | 1.5 | -11.3 | -21.7 | -11.2 | -17.4 | -15.6 | -0.9 | -0.3 | 1.5 | -1.8 | -3 |
| Cash Flow from Ops. ⓘ | 16.7 | 8.4 | 9 | -6.3 | -5.5 | -24.9 | 2.7 | 0.6 | 1.3 | -1.5 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 10.9 | 7.5 | -9.4 | -9.4 | -0.6 | 5.4 | 24.7 | 10.8 | -12.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -41.6% | -53.6% | -16.1% | 22% | ||||
| Adj EPS ⓘ | -202.4% | NA | NA | -219.7% | ||||
| BVPSⓘ | -184.3% | -201.6% | NA | NA | ||||
| Share Price | -7.2% | 39.4% | 29% | 100.5% | ||||
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 % ⓘ | 2.9 | -24.8 | -56.1 | -36.4 | -113.5 | -7163.7 | 15.5 | 4.1 | -28 | 32.8 | 39.2 |
| Op. Profit Mgn % ⓘ | 11.3 | 6.4 | -8.2 | -8.4 | -10.5 | -34.9 | -18.4 | -8.7 | -20.1 | -41.1 | -11.6 |
| Net Profit Mgn % ⓘ | 0.8 | -7.8 | -27.8 | -20.7 | -25 | -58.8 | -36.9 | -8.1 | 124.2 | -121.6 | -127.4 |
| Debt to Equity ⓘ | 2.9 | 4.8 | 1.8 | 2.4 | 8.6 | -2.8 | -2.2 | -2.3 | -3.1 | -2.8 | - |
| Working Cap Days ⓘ | 129 | 173 | 248 | 252 | 229 | 376 | 577 | 265 | 673 | 603 | 70 |
| Cash Conv. Cycle ⓘ | 69 | 102 | 157 | 171 | 100 | 108 | -58 | -200 | -283 | -67 | -253 |
Return on Equity has increased versus last 3 years average to 39.20%
Sales growth has been subdued in last 3 years -16.10%
Sales growth is not so good in last 4 quarters at 5.49%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -7 | -6.8 |
| TTM Sales (₹ Cr.) | 2.1 | 2.1 |
| BVPS (₹.) ⓘ | -18.8 | -18.6 |
| Reserves (₹ Cr.) ⓘ | -11 | -11 |
| P/BV ⓘ | -1.60 | -1.62 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 14.38 / 36.16 |
| All Time Low / High (₹) | 3.60 / 134.90 |
| Market Cap (₹ Cr.) | 11.6 |
| Equity (₹ Cr.) | 3.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 189.36 | 144.78 | 78.03 | 54.38 | 69.55 | 26.57 | 2.54 | 3.19 | 1.23 | 1.50 |
| Operating Expenses ⓘ | 168.07 | 135.53 | 84.45 | 58.96 | 77.02 | 35.84 | 3.01 | 3.46 | 1.48 | 2.12 |
| Manufacturing Costs | 25.84 | 24.05 | 11.34 | 13.82 | 11.86 | 7.49 | 0.01 | 0 | 0 | 0.20 |
| Material Costs | 114.53 | 86.50 | 57.20 | 35.92 | 56.01 | 23.43 | 2.51 | 3.10 | 1.22 | 1.50 |
| Employee Cost | 20.40 | 19.10 | 12.23 | 7.79 | 8.14 | 4.06 | 0.12 | 0.08 | 0.10 | 0.13 |
| Other Costs ⓘ | 7.29 | 5.87 | 3.69 | 1.42 | 1.01 | 0.87 | 0.37 | 0.28 | 0.16 | 0.29 |
| Operating Profit ⓘ | 21.29 | 9.25 | -6.43 | -4.58 | -7.48 | -9.27 | -0.47 | -0.28 | -0.25 | -0.62 |
| Operating Profit Margin (%) | 11.2% | 6.4% | -8.2% | -8.4% | -10.7% | -34.9% | -18.4% | -8.7% | -20.1% | -41.1% |
| Other Income ⓘ | 0.43 | 0.27 | 0.55 | 0.69 | 1.39 | 6.78 | 1.53 | 2.59 | 3.25 | 1.47 |
| Interest ⓘ | 11.92 | 13.27 | 13.10 | 8.53 | 6.53 | 5.29 | 1.70 | 1.60 | 1.32 | 2.33 |
| Depreciation ⓘ | 7.54 | 7.59 | 7.12 | 3.71 | 3.21 | 2.11 | 0.29 | 0.29 | 0.29 | 0.29 |
| Exceptional Items ⓘ | 0 | 0 | 15.45 | -0.85 | -2.77 | -0.48 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.27 | -11.34 | -10.65 | -16.98 | -18.59 | -10.38 | -0.94 | 0.43 | 1.39 | -1.77 |
| Tax ⓘ | 0.71 | 0 | 0 | -5.36 | 0 | 1.98 | 0 | 0.15 | -0.14 | 0 |
| Profit After Tax | 1.56 | -11.34 | -10.65 | -11.61 | -18.59 | -12.36 | -0.94 | 0.28 | 1.53 | -1.77 |
| PAT Margin (%) | 0.8% | -7.8% | -13.7% | -21.4% | -26.7% | -46.5% | -36.8% | 8.6% | 124.2% | -117.0% |
| Adjusted EPS (₹) | 4.0 | -29.5 | -27.7 | -30.2 | -48.3 | -32.1 | -2.4 | 0.7 | 4.0 | -4.6 |
| 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 | 51.49 | 40.15 | 37.13 | 24.64 | 6 | -5.56 | -6.50 | -6.22 | -4.69 | -6.46 |
| Share Capital ⓘ | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 |
| Reserves ⓘ | 47.63 | 36.30 | 33.28 | 20.78 | 2.14 | -9.42 | -10.36 | -10.08 | -8.55 | -10.32 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 72.67 | 71.18 | 58.58 | 51.49 | 45.53 | 12.87 | 14.42 | 0.59 | 13.83 | 17.33 |
| Long Term Debt | 32.23 | 36.09 | 28.56 | 22.94 | 23.15 | 12.87 | 14.42 | 0.59 | 13.83 | 17.33 |
| Short Term Debt | 40.43 | 35.09 | 30.02 | 28.55 | 22.38 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 12.30 | 12.73 | 2.18 | 4.51 | 5.98 | 1.96 | 3.61 | 1.57 | 2.69 | 2.15 |
| Others Liabilities ⓘ | 34.13 | 40.45 | 15.88 | 12.49 | 20.11 | 9.28 | 4.30 | 18.44 | 3.54 | 1.71 |
| Total Liabilities ⓘ | 170.59 | 164.50 | 113.78 | 93.13 | 77.62 | 18.55 | 15.83 | 14.38 | 15.37 | 14.73 |
Fixed Assets | ||||||||||
| Gross Block | 216.01 | 217.99 | 79.70 | 60.13 | 32.72 | 13.41 | 13.41 | 13.41 | 13.41 | 13.41 |
| Accumulated Depreciation | 117.46 | 125.01 | 5.60 | 7.24 | 6.30 | 1.86 | 2.15 | 2.44 | 2.73 | 3.03 |
| Net Fixed Assetsⓘ | 98.55 | 92.97 | 74.10 | 52.90 | 26.41 | 11.55 | 11.26 | 10.96 | 10.67 | 10.38 |
| CWIP ⓘ | 0.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 2.01 | 2.01 | 2.47 | 2.14 | 1.55 | 1.55 | 1.55 | 1.55 | 2 | 2 |
| Inventories | 43.18 | 36 | 21.97 | 26.72 | 15.16 | 0.79 | 0 | 0 | 0 | 0 |
| Trade Receivables | 9.34 | 18.04 | 5.28 | 2.83 | 2.87 | 3.03 | 1.13 | 0 | 1.29 | 1.59 |
| Cash Equivalents | 1.54 | 0.69 | 0.16 | 0.18 | 0.15 | 0.16 | 0.29 | -0.02 | 0.05 | 0.03 |
| Others Assetsⓘ | 15.70 | 14.78 | 9.80 | 8.37 | 31.47 | 1.48 | 1.61 | 1.89 | 1.36 | 0.73 |
| Total Assets ⓘ | 170.59 | 164.50 | 113.78 | 93.13 | 77.62 | 18.55 | 15.83 | 14.38 | 15.37 | 14.73 |
| 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 ⓘ | 16.73 | 8.38 | 8.98 | -6.29 | -5.53 | -24.90 | 2.68 | 0.58 | 1.34 | -1.50 |
| PBT ⓘ | 2.27 | -11.34 | -26.10 | -16.98 | -18.59 | -10.38 | -0.94 | 0.43 | 1.39 | -1.77 |
| Adjustment ⓘ | 18.40 | 19.80 | 19.05 | 12.23 | 11.17 | 2.42 | 1.97 | 1.10 | 1.09 | 2.51 |
| Changes in Working Capital ⓘ | -3.91 | 0.13 | 16.03 | -1.43 | 1.95 | -17.13 | 1.75 | -0.76 | -1.21 | -2.39 |
| Tax Paid ⓘ | -0.03 | -0.21 | 0 | -0.12 | -0.06 | 0.18 | -0.10 | -0.18 | 0.06 | 0.15 |
| Cash Flow From Investing Activity ⓘ | -0.60 | -1.13 | 27.42 | 22.50 | 10.97 | 43.96 | 0.03 | 0.79 | 0.07 | 0.11 |
| Capex | -0.92 | -1.40 | 27.18 | 20.98 | 0.11 | 43.91 | 0 | 0.76 | 0 | 0.09 |
| Net Investments | 0 | 0 | 0.01 | 1.33 | 0.41 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.32 | 0.26 | 0.23 | 0.19 | 10.45 | 0.05 | 0.03 | 0.03 | 0.07 | 0.02 |
| Cash Flow From Financing Activityⓘ | -15.52 | -7.88 | -36.42 | -16.14 | -5.49 | -19.02 | -2.51 | -1.68 | -1.32 | 1.37 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -9.58 | 5.90 | -19.87 | -7.13 | 1.25 | -8.85 | -0.81 | -0.09 | 0 | 3.70 |
| Interest Paid ⓘ | -11.15 | -12.44 | -12.49 | -8.05 | -6.40 | -5.02 | -1.70 | -1.59 | -1.32 | -2.33 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 5.21 | -1.35 | -4.07 | -0.97 | -0.34 | -5.16 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.61 | -0.63 | -0.02 | 0.06 | -0.06 | 0.03 | 0.19 | -0.31 | 0.09 | -0.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.32 | -46.14 | -37.93 | -37.61 | -121.46 | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 12.03 | 1.7 | 2.29 | -9 | -17.08 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.1 | 0.87 | 0.56 | 0.53 | 0.81 | 0.55 | 0.15 | 0.21 | 0.08 | 0.1 |
| PAT to CFO Conversion(x) | 10.72 | N/A | N/A | N/A | N/A | N/A | N/A | 2.07 | 0.88 | N/A | Working Capital Days |
| Receivable Days | 19 | 34 | 55 | 27 | 15 | 41 | 299 | 0 | 383 | 350 |
| Inventory Days | 78 | 100 | 136 | 163 | 110 | 110 | 0 | 0 | 0 | 0 |
| Payable Days | 41 | 53 | 48 | 34 | 34 | 62 | 405 | 305 | 636 | 591 |
Kandagiri Spinning Mills Limited was incorporated in 1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and K.R. Manicka Mudaliar who had been doyers in Textile Business at Salem. Due to their strenuous efforts over decades, the company has flowered into a major industrial concern presently boasting of a total spindleage of 50,588 and 336 OE Rotors in two units, first at Udayapatti, Salem (25,100 spindles) and another at Seshanchavadi (25,488 spindles).
There has been a continuous expansion and modernization at these units. The company manufactures Carded, Combed, Auto coned, TFO, Ring Doubled Yarn. It is making large profits and declaring sizeable dividends year after year.
The company went for Public Issue in January 1995 as a Premium Issue which was a roaring success; it was oversubscribed 9 times. The company’s paid up capital consists of 38, 49,250 shares of Rs. 10/- each. The company’s shares are listed in Mumbai, Chennai and Coimbatore Stock Exchanges.
Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for excellence in every sphere of its activities. Quality, best services, customer friendly and steady development are its policies. The company is committed to Corporate Governance in fulfilling its quest for achieving significant growth with profits. The award of ISO 9001:2000 & EMS 14001:2004 Accreditation to the company is a fitting testimony in this regard.
Product range of the company includes:
Achievements/ recognition:
The ISO 9001:2000 & EMS 14001:2004 Accreditation
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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.
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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