Past 10 year's financial track record analysis by Moneyworks4me indicates that Karnimata Cold Storage Ltd is a average quality company.
The key valuation ratios of Karnimata Cold Storage Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Karnimata Cold Storage 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 % ⓘ | 8.8% | 7.2% | 8.3% | 8.5% | 8.1% | 7.8% | 7.6% | 7.6% | 8.1% | 9% | - |
| Value Creation Index ⓘ | -0.4 | -0.5 | -0.4 | -0.4 | -0.4 | -0.4 | -0.5 | -0.5 | -0.4 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 5.4 | 4.3 | 4.6 | 4.7 | 5 | 4.7 | 4.2 | 4.1 | 4.3 | 4.2 | 4 |
| Sales YoY Gr. | - | -21.6% | 9.2% | 1.5% | 5.3% | -4.6% | -11.6% | -1.9% | 4.4% | -2.1% | - |
| Adj EPS ⓘ | -0 | 0.1 | 0.2 | 0.4 | 0.1 | 0 | 0.3 | 0.7 | 0.7 | 0.9 | 1.2 |
| YoY Gr. | - | NA | 41.7% | 152.9% | -74.4% | -90.9% | 2700% | 164.3% | -10.8% | 34.9% | - |
| BVPS (₹) ⓘ | 12.7 | 13.1 | 13.4 | 14 | 13.9 | 14.1 | 14.5 | 15.5 | 16.4 | 17.6 | 17.6 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.1 | 0.2 | 0.1 | 0 | 0.1 | 0.4 | 0.3 | 0.5 | 1 |
| Cash Flow from Ops. ⓘ | 0.1 | 1 | 3.8 | 0.1 | 5.1 | -0.6 | 1.5 | 1 | -0.2 | 1.4 | - |
| Debt/CF from Ops. ⓘ | 119.5 | 13.8 | 2.8 | 206.4 | 2 | -16.6 | 5.3 | 9.6 | -40.3 | 6.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.8% | -3.3% | 0.1% | -2.1% | ||||
| Adj EPS ⓘ | NA | 51.9% | 47% | 34.9% | ||||
| BVPSⓘ | 3.7% | 4.9% | 6.7% | 7.2% | ||||
| Share Price | -6.3% | 9.6% | 22.7% | 25.5% | ||||
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 % ⓘ | -0.2 | 0.9 | 1.3 | 3.1 | 0.8 | 0.1 | 2 | 4.9 | 4.1 | 5.2 | 6.8 |
| Op. Profit Mgn % ⓘ | 33.3 | 34.8 | 36.5 | 32.5 | 33.3 | 30.5 | 34 | 31 | 33.3 | 32.7 | 30.6 |
| Net Profit Mgn % ⓘ | -0.2 | 1.4 | 1.9 | 4.6 | 1.1 | 0.1 | 3.4 | 9.2 | 7.9 | 10.8 | 14.4 |
| Debt to Equity ⓘ | 2 | 2 | 1.5 | 1.6 | 1.5 | 1.4 | 1.1 | 1.3 | 1.1 | 1 | 0.9 |
| Working Cap Days ⓘ | 429 | 652 | 547 | 528 | 508 | 524 | 603 | 589 | 680 | 816 | 207 |
| Cash Conv. Cycle ⓘ | 33 | 45 | 41 | 40 | 45 | 56 | 59 | 57 | 55 | 69 | -8 |
Return on Equity has increased versus last 3 years average to 6.80%
Net Profit is growing at healthy rate in last 3 years 47.03%
Debt to equity has declined versus last 3 years average to 0.98
Sales growth is good in last 4 quarters at 31.47%
Sales growth has been subdued in last 3 years 0.08%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | - |
| TTM Sales (₹ Cr.) | 4.2 | - |
| BVPS (₹.) ⓘ | 17.6 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 0.63 | - |
| PE ⓘ | 9.29 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.27 / 20.12 |
| All Time Low / High (₹) | 5.15 / 30.00 |
| Market Cap (₹ Cr.) | 5.6 |
| Equity (₹ Cr.) | 5.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 40.3 |
| 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 | 5.42 | 4.25 | 4.64 | 4.71 | 4.96 | 4.73 | 4.18 | 4.10 | 4.28 | 4.19 |
| Operating Expenses ⓘ | 3.62 | 2.78 | 2.94 | 3.18 | 3.31 | 3.29 | 2.76 | 2.83 | 2.86 | 2.82 |
| Manufacturing Costs | 1.49 | 1.89 | 1.84 | 2.10 | 1.99 | 1.92 | 1.45 | 1.55 | 1.45 | 1.29 |
| Material Costs | 1.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 0.26 | 0.45 | 0.46 | 0.55 | 0.52 | 0.53 | 0.65 | 0.64 | 0.69 | 0.69 |
| Other Costs ⓘ | 0.48 | 0.44 | 0.64 | 0.53 | 0.81 | 0.83 | 0.66 | 0.64 | 0.71 | 0.83 |
| Operating Profit ⓘ | 1.80 | 1.48 | 1.69 | 1.53 | 1.65 | 1.44 | 1.42 | 1.27 | 1.43 | 1.37 |
| Operating Profit Margin (%) | 33.3% | 34.8% | 36.5% | 32.5% | 33.3% | 30.5% | 34.0% | 31.0% | 33.3% | 32.7% |
| Other Income ⓘ | 0.26 | 0.36 | 0.30 | 0.45 | 0.26 | 0.36 | 0.27 | 0.46 | 0.50 | 0.70 |
| Interest ⓘ | 1.56 | 1.32 | 1.39 | 1.20 | 1.30 | 1.19 | 0.93 | 0.72 | 0.74 | 0.86 |
| Depreciation ⓘ | 0.44 | 0.45 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.48 | 0.48 |
| Exceptional Items ⓘ | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.06 | 0.09 | 0.14 | 0.33 | 0.16 | 0.15 | 0.30 | 0.54 | 0.70 | 0.73 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0.04 | 0.04 | 0.08 | 0.03 | 0.23 | 0.13 |
| Profit After Tax | 0.06 | 0.08 | 0.14 | 0.33 | 0.12 | 0.11 | 0.22 | 0.51 | 0.46 | 0.61 |
| PAT Margin (%) | 1.2% | 1.9% | 3.1% | 7.0% | 2.3% | 2.2% | 5.3% | 12.5% | 10.8% | 14.5% |
| Adjusted EPS (₹) | 0.1 | 0.2 | 0.3 | 0.7 | 0.2 | 0.2 | 0.4 | 1.0 | 0.9 | 1.2 |
| 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 | 6.46 | 6.66 | 6.81 | 7.14 | 7.05 | 7.16 | 7.37 | 7.89 | 8.35 | 8.96 |
| Share Capital ⓘ | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 | 5.08 |
| Reserves ⓘ | 1.37 | 1.58 | 1.72 | 2.05 | 1.96 | 2.07 | 2.29 | 2.80 | 3.27 | 3.87 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12.98 | 13.15 | 10.41 | 11.49 | 8.94 | 9.27 | 7.82 | 9.99 | 9.30 | 8.78 |
| Long Term Debt | 7.10 | 6.05 | 4.89 | 3.93 | 1.40 | 0.80 | 0 | 1.51 | 1.48 | 0.07 |
| Short Term Debt | 5.88 | 7.09 | 5.52 | 7.56 | 7.55 | 8.48 | 7.82 | 8.48 | 7.82 | 8.71 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 0.84 | 0.89 | 0.55 | 0.71 | 2.35 | 2 | 0.72 | 0.58 | 0.85 | 1.06 |
| Total Liabilities ⓘ | 20.28 | 20.70 | 17.76 | 19.34 | 18.34 | 18.43 | 15.91 | 18.46 | 18.50 | 18.80 |
Fixed Assets | ||||||||||
| Gross Block | 13.10 | 13.26 | 13.27 | 13.28 | 13.28 | 13.28 | 13.28 | 13.49 | 13.55 | 13.55 |
| Accumulated Depreciation | 1.32 | 1.75 | 2.21 | 2.67 | 3.12 | 3.58 | 4.04 | 4.51 | 4.90 | 5.38 |
| Net Fixed Assetsⓘ | 11.78 | 11.52 | 11.07 | 10.61 | 10.15 | 9.69 | 9.24 | 8.98 | 8.65 | 8.18 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.50 | 0.11 | 0.11 | 0.11 | 0 | 0.25 | 0.25 | 0 | 0 | 0 |
| Inventories | 0.07 | 0.13 | 0.02 | 0.07 | 0.02 | 0.01 | 0.05 | 0.02 | 0.02 | 0.40 |
| Trade Receivables | 0.41 | 0.42 | 0.46 | 0.50 | 0.64 | 0.80 | 0.48 | 0.72 | 0.53 | 0.64 |
| Cash Equivalents | 0.86 | 1.03 | 0.74 | 0.84 | 2.13 | 0.97 | 0.13 | 2.54 | 0.83 | 0.93 |
| Others Assetsⓘ | 6.65 | 7.50 | 5.37 | 7.21 | 5.40 | 6.70 | 5.76 | 6.20 | 8.47 | 8.65 |
| Total Assets ⓘ | 20.28 | 20.70 | 17.76 | 19.34 | 18.34 | 18.43 | 15.91 | 18.46 | 18.50 | 18.80 |
| 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 ⓘ | 0.11 | 0.96 | 3.75 | 0.06 | 5.08 | -0.60 | 1.48 | 1.04 | -0.23 | 1.42 |
| PBT ⓘ | 0.06 | 0.09 | 0.14 | 0.33 | 0.16 | 0.15 | 0.30 | 0.54 | 0.70 | 0.73 |
| Adjustment ⓘ | 1.92 | 1.69 | 1.75 | 1.60 | 1.70 | 1.59 | 1.33 | 1.09 | 1.10 | 1.27 |
| Changes in Working Capital ⓘ | -1.86 | -0.79 | 1.87 | -1.91 | 3.26 | -2.32 | -0.14 | -0.49 | -1.91 | -0.54 |
| Tax Paid ⓘ | -0.02 | -0.03 | -0.01 | 0.03 | -0.04 | -0.02 | -0.01 | -0.09 | -0.12 | -0.04 |
| Cash Flow From Investing Activity ⓘ | -0.48 | 0.23 | 0.06 | 0.16 | 0.05 | 0.31 | 0.05 | -0.14 | -0.10 | 0.03 |
| Capex | 0 | -0.20 | -0.01 | 0 | 0 | 0 | 0 | -0.21 | -0.16 | 0 |
| Net Investments | -0.50 | 0.40 | 0 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.02 | 0.03 | 0.07 | 0.05 | 0.05 | 0.31 | 0.05 | 0.07 | 0.06 | 0.03 |
| Cash Flow From Financing Activityⓘ | 0.24 | -1.02 | -4.10 | -0.11 | -3.85 | -0.86 | -2.37 | 1.51 | -1.39 | -1.35 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | -2.54 | -0.60 | -0.80 | 1.54 | -0.04 | -1.41 |
| Interest Paid ⓘ | -1.56 | -1.31 | -1.37 | -1.20 | -1.30 | -1.19 | -0.93 | -0.68 | -0.69 | -0.83 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.79 | 0.29 | -2.74 | 1.08 | -0.01 | 0.93 | -0.65 | 0.66 | -0.66 | 0.89 |
| Net Cash Flow ⓘ | -0.13 | 0.17 | -0.29 | 0.10 | 1.29 | -1.16 | -0.84 | 2.41 | -1.72 | 0.10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.98 | 1.26 | 2.14 | 4.73 | 1.64 | 1.5 | 3.02 | 6.72 | 5.72 | 7 |
| ROCE (%) | 8.76 | 7.15 | 8.25 | 8.5 | 8.1 | 7.78 | 7.6 | 7.64 | 8.1 | 8.98 |
| Asset Turnover Ratio | 0.28 | 0.21 | 0.24 | 0.25 | 0.26 | 0.26 | 0.24 | 0.24 | 0.23 | 0.22 |
| PAT to CFO Conversion(x) | 1.83 | 12 | 26.79 | 0.18 | 42.33 | -5.45 | 6.73 | 2.04 | -0.5 | 2.33 | Working Capital Days |
| Receivable Days | 27 | 36 | 34 | 37 | 42 | 55 | 56 | 53 | 53 | 51 |
| Inventory Days | 6 | 9 | 6 | 3 | 3 | 1 | 3 | 3 | 2 | 18 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Karnimata Cold Storage was incorporated as “Karnimata Cold Storage Private Ltd†on April 29, 2011 under the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, West Bengal. The company is engaged in the business of cold storage and trading of agricultural commodities currently specializing in potatoes. The company has set up and made operational its first cold storage unit in Medinipur District, West Bengal having an installed capacity of 1,81,000 quintals for preservation of potatoes. This first project has been set up on a 6.27 acre plot (free hold land) in order to cater to the localised demands of different growers and traders at Village -Chekuasole, P.O- Jogerdanga, P.S- Goaltore, Dist- Paschim Medinipur, West Bengal.
The need for setting up and construction of cold storage facilities is highly required for the preservation of potatoes which is a cash crop and the same shall be equally beneficial to both producers and consumers and shall there by strengthen the rural economy of perishable commodities. The company’s project envisages perfect backward and forward linkage of marketing activities as an essential pre-condition. Further it has become a practice to accommodate necessary finance to hirers of the cold storage against their stocks stored in the cold storage in order to keep the price or potato steady and allow the support price to the growers of potato. Providing this seasonal finance is an important factor in the growth of the company’s business.
Business area of the company
The company was formed to carry on the business in India and elsewhere to construct, build, establish, run, erect, promote, undertake, acquire, lease, sale, purchase, own, operate, manage, renovate, recondition, maintain, keep and to run Potato cold storage, multipurpose cold storage, storage chambers, ice chambers, go-downs, warehouse, refrigeration houses and freezing houses for storing, warehousing, keeping, preserving of Potatoes all kinds of fruits and vegetables, including onion, milk, milk products, sweets, processed food, protein food, food products, bakery products, bacons, soft drinks, medicines, chemicals, cereals, gur, roots or other substances, made from all or any of them whether kept loose, packed, tinned, canned or in any other form whatsoever and to act as a buyer, seller, financer, auctioneer, stockists, distributor, importer, exporter or otherwise to deal in all sorts of commodities, vegetables, fruits, edibles and similar good, to establish and to run a food processing unit.
Major Event
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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