BSE: 500239 | NSE: KGDENIM | Textile - Weaving | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that KG Denim Ltd is a average quality company.
The key valuation ratios of KG Denim 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 KG Denim 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 % ⓘ | 14.7% | 31% | 29.5% | 13.8% | 14.3% | -0.3% | 3.9% | 5.4% | -5.2% | -4.5% | - |
| Value Creation Index ⓘ | 0.1 | 1.2 | 1.1 | 0.0 | 0.0 | -1.0 | -0.7 | -0.6 | -1.4 | -1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 592 | 652 | 618 | 635 | 693 | 493 | 413 | 586 | 511 | 256 | 163 |
| Sales YoY Gr. | - | 10.1% | -5.2% | 2.8% | 9.1% | -28.9% | -16.1% | 41.8% | -12.8% | -49.8% | - |
| Adj EPS ⓘ | 0.1 | 6.8 | 9.1 | 1.6 | 4.3 | -6.5 | -2.3 | -3.2 | -11.1 | -10.6 | -10.8 |
| YoY Gr. | - | 13560% | 33.4% | -82.6% | 172.3% | -250.8% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 23.9 | 31.2 | 40.5 | 42.1 | 44.6 | 37.7 | 35.9 | 33.1 | 22.9 | 13.8 | 8.2 |
| Adj Net Profit ⓘ | 0.1 | 17.5 | 23.4 | 4.1 | 11.1 | -16.7 | -5.8 | -8.3 | -28.5 | -27.2 | -28 |
| Cash Flow from Ops. ⓘ | 51.6 | 56.3 | 67.3 | 41.2 | 26 | 28.1 | 2 | 21.6 | 51 | 10.2 | - |
| Debt/CF from Ops. ⓘ | 3 | 2.5 | 1.7 | 3.7 | 7.3 | 6.8 | 111.1 | 10.2 | 3.8 | 20.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.9% | -18% | -14.7% | -49.8% | ||||
| Adj EPS ⓘ | -281.3% | -219.6% | NA | NA | ||||
| BVPSⓘ | -5.9% | -20.9% | -27.3% | -39.7% | ||||
| Share Price | 5.3% | 4.6% | -21.5% | -22.8% | ||||
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 % ⓘ | 0.2 | 24.8 | 25.4 | 3.8 | 10 | -15.9 | -6.2 | -9.4 | -39.7 | -57.9 | -98.1 |
| Op. Profit Mgn % ⓘ | 8.2 | 12.6 | 12.2 | 6.8 | 8.1 | 4 | 6 | 4.4 | -0.7 | -0.9 | -18.6 |
| Net Profit Mgn % ⓘ | 0 | 2.7 | 3.8 | 0.6 | 1.6 | -3.4 | -1.4 | -1.4 | -5.6 | -10.6 | -17 |
| Debt to Equity ⓘ | 2.5 | 1.8 | 1.1 | 1.4 | 1.7 | 2 | 2.4 | 2.6 | 3.3 | 5.9 | 1.7 |
| Working Cap Days ⓘ | 125 | 118 | 129 | 143 | 140 | 194 | 239 | 180 | 194 | 351 | 481 |
| Cash Conv. Cycle ⓘ | 18 | 20 | 34 | 40 | 39 | 56 | 65 | 61 | 51 | 77 | -196 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -14.71%
Debt to equity has increased versus last 3 years average to 5.89
Sales growth is not so good in last 4 quarters at -53.52%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -10.8 | -10.1 |
| TTM Sales (₹ Cr.) | 163 | 177 |
| BVPS (₹.) ⓘ | 8.2 | 3.1 |
| Reserves (₹ Cr.) ⓘ | -5 | -18 |
| P/BV ⓘ | 3.04 | 7.99 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 22.60 / 41.90 |
| All Time Low / High (₹) | 1.75 / 111.25 |
| Market Cap (₹ Cr.) | 63.9 |
| Equity (₹ Cr.) | 25.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 24.2 |
| 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 | 591.78 | 651.73 | 617.69 | 634.94 | 692.87 | 492.53 | 413.34 | 586.19 | 511.06 | 256.43 |
| Operating Expenses ⓘ | 543.50 | 569.53 | 542.48 | 591.65 | 636.94 | 472.68 | 388.93 | 560.14 | 514.37 | 258.92 |
| Manufacturing Costs | 121.88 | 116.95 | 113.08 | 115.75 | 145.97 | 134.56 | 93.31 | 117.31 | 110.83 | 68.47 |
| Material Costs | 362.62 | 390.53 | 364.99 | 411.89 | 399.39 | 258.08 | 226.31 | 356.88 | 325.42 | 126.76 |
| Employee Cost | 29.72 | 31.85 | 37.26 | 34.31 | 54.42 | 51 | 42.63 | 54.34 | 50.09 | 42.17 |
| Other Costs ⓘ | 29.28 | 30.20 | 27.15 | 29.70 | 37.17 | 29.05 | 26.67 | 31.61 | 28.01 | 21.52 |
| Operating Profit ⓘ | 48.29 | 82.20 | 75.21 | 43.29 | 55.92 | 19.86 | 24.42 | 26.05 | -3.31 | -2.49 |
| Operating Profit Margin (%) | 8.2% | 12.6% | 12.2% | 6.8% | 8.1% | 4.0% | 5.9% | 4.4% | -0.6% | -1.0% |
| Other Income ⓘ | 2.64 | 6.07 | 3.79 | 3.73 | 2.94 | 3.03 | 2.50 | 6.11 | 4.57 | 3.27 |
| Interest ⓘ | 27.97 | 32.41 | 26.03 | 24.35 | 24.99 | 22.66 | 21.93 | 24.33 | 22.30 | 23.91 |
| Depreciation ⓘ | 20.98 | 20.48 | 13.78 | 13.92 | 16.83 | 19.23 | 15.41 | 15.64 | 15.72 | 14.57 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -1.63 | -4.50 | 0 | 0 | 0 | 2.57 |
| Profit Before Tax ⓘ | 1.98 | 35.38 | 39.20 | 8.76 | 15.42 | -23.51 | -10.43 | -7.82 | -36.76 | -35.14 |
| Tax ⓘ | 1.77 | 14.26 | 14.62 | 2.93 | 4.44 | -7 | -4.54 | -0.76 | -9.37 | -9.88 |
| Profit After Tax | 0.21 | 21.12 | 24.58 | 5.83 | 10.97 | -16.51 | -5.88 | -7.05 | -27.39 | -25.26 |
| PAT Margin (%) | 0.0% | 3.2% | 4.0% | 0.9% | 1.6% | -3.4% | -1.4% | -1.2% | -5.4% | -9.9% |
| Adjusted EPS (₹) | 0.1 | 8.2 | 9.6 | 2.3 | 4.3 | -6.4 | -2.3 | -2.8 | -10.7 | -9.9 |
| Dividend Payout Ratio (%) | 912% | 9% | 8% | 33% | 18% | 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 | 61.23 | 80.03 | 103.98 | 107.98 | 114.35 | 96.76 | 92.14 | 84.97 | 58.60 | 35.37 |
| Share Capital ⓘ | 25.67 | 25.67 | 25.67 | 25.67 | 25.65 | 25.65 | 25.65 | 25.65 | 25.65 | 25.65 |
| Reserves ⓘ | 35.56 | 54.37 | 78.32 | 82.31 | 88.70 | 71.11 | 66.49 | 59.32 | 32.95 | 9.72 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 136.03 | 122.18 | 97.01 | 132.87 | 169.83 | 178.18 | 189.71 | 185.96 | 166.90 | 182.59 |
| Long Term Debt | 63.69 | 51.39 | 32.74 | 50.59 | 69.06 | 63.74 | 83.57 | 70.59 | 44.94 | 32.45 |
| Short Term Debt | 72.34 | 70.79 | 64.27 | 82.28 | 100.77 | 114.44 | 106.14 | 115.37 | 121.96 | 150.14 |
| Trade Payables | 124.94 | 113.37 | 125.75 | 154.14 | 127.99 | 139.57 | 128.09 | 143.53 | 135.24 | 147.04 |
| Others Liabilities ⓘ | 49.74 | 57.52 | 52.39 | 73.23 | 58.52 | 42.90 | 50.75 | 56.53 | 40.49 | 28.19 |
| Total Liabilities ⓘ | 371.94 | 373.11 | 379.14 | 468.22 | 470.69 | 457.41 | 460.69 | 470.99 | 401.23 | 393.18 |
Fixed Assets | ||||||||||
| Gross Block | 277 | 315.21 | 142.30 | 194.01 | 209.39 | 247.56 | 249.62 | 256.16 | 258.12 | 258.40 |
| Accumulated Depreciation | 179.17 | 183.65 | 12.44 | 26.35 | 43.18 | 62.40 | 76.81 | 92.22 | 107.05 | 121.25 |
| Net Fixed Assetsⓘ | 97.83 | 131.55 | 129.86 | 167.65 | 166.21 | 185.15 | 172.82 | 163.94 | 151.07 | 137.14 |
| CWIP ⓘ | 56.67 | 8.44 | 8.83 | 3.76 | 30.35 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 5.37 | 7.83 | 7.83 | 7.81 | 7.81 | 3.29 | 3.28 | 3.29 | 3.29 | 3.31 |
| Inventories | 123.78 | 107.76 | 120.49 | 143.73 | 130.24 | 127.17 | 127.21 | 154.05 | 92.63 | 94.89 |
| Trade Receivables | 41.78 | 74.32 | 76.80 | 92.65 | 85.74 | 84.81 | 97.25 | 89.59 | 99.50 | 95.33 |
| Cash Equivalents | 8.21 | 9.43 | 10.61 | 14.41 | 7.98 | 4.40 | 7.15 | 4.15 | 3.32 | 3.68 |
| Others Assetsⓘ | 38.29 | 33.76 | 24.72 | 38.20 | 42.36 | 52.58 | 52.99 | 55.98 | 51.42 | 58.83 |
| Total Assets ⓘ | 371.94 | 373.11 | 379.14 | 468.22 | 470.69 | 457.41 | 460.69 | 470.99 | 401.23 | 393.18 |
| 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 ⓘ | 51.61 | 56.29 | 67.26 | 41.24 | 25.95 | 28.09 | 1.95 | 21.58 | 51.01 | 10.16 |
| PBT ⓘ | 1.98 | 35.38 | 38.79 | 8.76 | 15.42 | -23.51 | -10.43 | -7.82 | -36.76 | -37.71 |
| Adjustment ⓘ | 48.75 | 50.61 | 39.86 | 38.25 | 42.86 | 45.05 | 38.26 | 39.21 | 36.24 | 36.91 |
| Changes in Working Capital ⓘ | 5.77 | -26.43 | 3.8 | -3.91 | -27.26 | 6.29 | -25.89 | -9.81 | 51.53 | 8.4 |
| Tax Paid ⓘ | -4.89 | -3.27 | -15.20 | -1.86 | -5.07 | 0.26 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -53.88 | -6.18 | -13.71 | -49.09 | -34.25 | -7.94 | -3.47 | -2.71 | -2.93 | -1.17 |
| Capex | -53.88 | -3.69 | -12.56 | -46.65 | -41.97 | -7.81 | -3.08 | -5.88 | -2.53 | -1.10 |
| Net Investments | 0 | -2.49 | -1.14 | -2.44 | 7.78 | -0.14 | -0.39 | 0.02 | -0.01 | -0.01 |
| Others ⓘ | 0 | 0 | 0 | 0 | -0.06 | 0 | 0 | 3.14 | -0.40 | -0.06 |
| Cash Flow From Financing Activityⓘ | 1.53 | -48.89 | -53.52 | 9.19 | 9.65 | -23.88 | 3.96 | -21.75 | -48.41 | -8.69 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -12.30 | -18.65 | 17.84 | 18.48 | -13.25 | 19.83 | -6.41 | -32.70 | -12.49 |
| Interest Paid ⓘ | -27.97 | -32.41 | -26.03 | -24.35 | -24.99 | -22.66 | -21.93 | -24.30 | -22.30 | -23.91 |
| Dividend Paid ⓘ | -1.92 | -1.92 | -1.92 | -1.92 | -1.92 | -1.92 | 0 | 0 | 0 | 0 |
| Others ⓘ | 31.42 | -2.25 | -6.91 | 17.62 | 18.09 | 13.95 | 6.05 | 8.96 | 6.59 | 27.72 |
| Net Cash Flow ⓘ | -0.74 | 1.22 | 0.03 | 1.34 | 1.36 | -3.73 | 2.43 | -2.88 | -0.34 | 0.30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.33 | 29.91 | 26.72 | 5.5 | 9.87 | -15.64 | -6.23 | -7.97 | -38.17 | -53.77 |
| ROCE (%) | 14.71 | 31 | 29.47 | 13.8 | 14.32 | -0.29 | 3.87 | 5.39 | -5.21 | -4.54 |
| Asset Turnover Ratio | 1.66 | 1.75 | 1.64 | 1.5 | 1.48 | 1.06 | 0.9 | 1.26 | 1.17 | 0.65 |
| PAT to CFO Conversion(x) | 245.76 | 2.67 | 2.74 | 7.07 | 2.37 | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 26 | 33 | 45 | 49 | 47 | 63 | 80 | 58 | 68 | 139 |
| Inventory Days | 73 | 65 | 67 | 76 | 72 | 95 | 112 | 88 | 88 | 133 |
| Payable Days | 125 | 111 | 120 | 124 | 129 | 189 | 216 | 139 | 156 | 406 |
K G Denim Ltd. (KGDL) was incorporated on June 25, 1992 under the Companies Act, 1956. KGDL has its registered office at Then Thirumalai, Mettupalayam, Coimbatore District, Tamil Nadu. The company was promoted by K. Govindaswamy Naidu and his sons including KG Baalakrishnan and went public in the year 1993.
KGDL is a premier denim and apparel fabric manufacturer, whose products are supplied to leading jeans wear makers, fashion brands and retailers worldwide. It sells its products under the trade mark Indigo Fabrics with various lines like Strength, Pride, Ecstasy, Fortune and Passion and Trigger for readymade jeans. KGDL has recently entered the home textiles market to provide innovative and specialized products for beds, blankets, pillow cases and duvet/ comforter covers.
The company has two wholly owned subsidiaries (a) Trigger Apparels Limited (b) K G Denim (USA) Inc. K G Denim (USA) Inc is yet to commence commercial operations. Trigger Apparels Limited markets Trigger branded garments in the domestic market. It commenced operations in the domestic marketing during 2005-06
The products are well sought after by leading Jeanswear makers, fashion brands and Retailers worldwide. KG Denim sells its products under the trade mark Indigo Fabrics, with various lines like Strength, Pride, Ecstasy, Fortune and Passion.
KG Denim now has entered the home textiles market to provide innovative and specialized products for Beds, Blankets, pillow cases and Duvet/comforter covers.
KG Denim is part of textile group having annual turnover of $150 million and the company currently manufactures
KG Denim has spinning equipments from Trutzchler & Lakshmi Rieter to produce some of the most demanding yarns required to weave fashion fabric for various applications.
Product range of the company includes:
Trigger, its jeans wear brand is the largest selling brand in the country in its segment.
Achievements/ recognition:
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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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