Katare Spinning Mills Ltd

Katare Spinning Mills Ltd

₹ 212 -1.23%
22 Nov - close price
About

Incorporated in 1980, Katare Spinning Mills Ltd is in the business of cotton yarn, solar power and hospitality[1]

Key Points

Services Offered:[1]
a) Spinning Mill:
Company manufactures specialty cotton yarn
b) Solar Power Project:
Company had installed 1MW solar plant for captive consumption under net metering system
c) Hotel Division

  • Market Cap 60.4 Cr.
  • Current Price 212
  • High / Low 274 / 202
  • Stock P/E
  • Book Value 409
  • Dividend Yield 0.00 %
  • ROCE -1.51 %
  • ROE -1.65 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.52 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -34.0% over past five years.
  • Company has a low return on equity of -1.66% over last 3 years.
  • Company has high debtors of 155 days.
  • Working capital days have increased from 205 days to 302 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.10 0.81 -0.04 0.80 1.81 1.43 3.04 0.35 1.19 1.57 0.89 0.78 0.84
6.00 0.72 5.55 0.79 1.98 1.80 3.61 0.21 0.85 1.82 1.93 0.90 0.99
Operating Profit -5.90 0.09 -5.59 0.01 -0.17 -0.37 -0.57 0.14 0.34 -0.25 -1.04 -0.12 -0.15
OPM % -5,900.00% 11.11% 1.25% -9.39% -25.87% -18.75% 40.00% 28.57% -15.92% -116.85% -15.38% -17.86%
8.96 0.00 15.52 0.04 1.21 0.01 0.01 0.00 0.05 0.04 0.26 0.03 0.01
Interest 0.08 0.08 -3.55 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.30 0.00 0.00
Depreciation 0.22 0.22 0.70 0.34 0.34 0.34 0.36 0.34 0.34 -0.20 0.81 0.33 0.33
Profit before tax 2.76 -0.21 12.78 -0.29 0.70 -0.70 -1.05 -0.20 0.05 -0.01 -1.89 -0.42 -0.47
Tax % 0.00% 0.00% 55.01% 0.00% 0.00% 0.00% 16.19% 0.00% 0.00% 0.00% -10.05% 0.00% 0.00%
2.76 -0.21 5.74 -0.29 0.70 -0.70 -1.22 -0.21 0.05 0.00 -1.71 -0.42 -0.47
EPS in Rs 9.68 -0.74 20.14 -1.02 2.46 -2.46 -4.28 -0.74 0.18 0.00 -6.00 -1.47 -1.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
40.81 36.26 35.45 32.71 35.32 32.38 31.99 31.29 10.47 3.46 6.87 4.00 4.08
38.37 34.30 35.76 32.26 35.32 32.41 32.30 32.20 10.83 6.39 7.91 4.80 5.64
Operating Profit 2.44 1.96 -0.31 0.45 0.00 -0.03 -0.31 -0.91 -0.36 -2.93 -1.04 -0.80 -1.56
OPM % 5.98% 5.41% -0.87% 1.38% 0.00% -0.09% -0.97% -2.91% -3.44% -84.68% -15.14% -20.00% -38.24%
0.50 1.31 1.04 2.56 0.50 0.52 4.55 0.21 0.10 24.49 1.25 0.35 0.34
Interest 2.17 2.50 1.70 3.23 3.08 3.20 3.24 0.64 0.60 5.25 0.18 0.31 0.30
Depreciation 0.55 0.59 0.63 1.09 1.10 1.08 0.87 0.89 0.87 1.36 1.37 1.30 1.27
Profit before tax 0.22 0.18 -1.60 -1.31 -3.68 -3.79 0.13 -2.23 -1.73 14.95 -1.34 -2.06 -2.79
Tax % -104.55% 194.44% -111.25% -74.05% -28.80% -22.96% 30.77% 0.00% 0.00% 47.02% 12.69% -9.22%
0.45 -0.17 0.19 -0.34 -2.61 -2.92 0.10 -2.23 -1.74 7.92 -1.51 -1.87 -2.60
EPS in Rs 1.58 -0.60 0.67 -1.19 -9.16 -10.25 0.35 -7.82 -6.11 27.79 -5.30 -6.56 -9.12
Dividend Payout % 63.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: -34%
3 Years: -27%
TTM: -32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -4%
TTM: -25%
Stock Price CAGR
10 Years: 23%
5 Years: 67%
3 Years: 114%
1 Year: -20%
Return on Equity
10 Years: -4%
5 Years: -3%
3 Years: -2%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85 2.85
Reserves 10.06 9.68 8.11 7.50 4.89 1.97 2.07 -0.16 -1.89 122.21 116.61 114.74 113.84
14.96 21.30 27.18 25.29 28.87 31.46 31.93 29.01 28.90 0.57 3.36 3.60 3.88
4.24 4.59 1.76 6.49 3.76 4.40 3.91 1.79 1.96 4.12 1.33 0.88 0.86
Total Liabilities 32.11 38.42 39.90 42.13 40.37 40.68 40.76 33.49 31.82 129.75 124.15 122.07 121.43
14.59 14.05 11.85 20.36 19.69 18.62 17.91 17.32 16.42 124.86 116.60 115.42 114.97
CWIP 0.07 7.38 10.24 0.79 0.76 0.76 0.81 0.76 0.76 0.12 0.12 0.07 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.45 16.99 17.81 20.98 19.92 21.30 22.04 15.41 14.64 4.77 7.43 6.58 6.46
Total Assets 32.11 38.42 39.90 42.13 40.37 40.68 40.76 33.49 31.82 129.75 124.15 122.07 121.43

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.25 -7.24 1.99 -0.88 2.37 0.06 2.42 -2.52 0.58 4.77 -3.97 -0.20
-0.14 -1.99 -2.35 2.68 0.06 0.50 -0.89 6.09 0.13 24.54 1.36 0.28
0.20 8.97 0.35 -1.79 -2.46 -0.59 -1.54 -3.56 -0.71 -29.30 2.65 -0.07
Net Cash Flow 0.31 -0.26 -0.02 0.01 -0.02 -0.04 -0.02 0.01 -0.01 0.02 0.04 0.01

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13.59 9.86 11.53 17.18 7.44 22.88 22.93 26.01 65.19 174.06 113.17 155.12
Inventory Days 27.86 34.41 24.38 29.11 155.49 32.48 264.12 28.00 73.84 201.74 97.00 158.35
Days Payable 18.54 35.06 14.18 41.22 183.82 41.94 239.36 8.67 35.58 29.15 3.36 4.49
Cash Conversion Cycle 22.92 9.21 21.73 5.07 -20.89 13.42 47.70 45.34 103.45 346.65 206.80 308.99
Working Capital Days 20.39 25.67 36.04 -8.70 5.79 10.15 23.05 43.51 99.70 97.05 216.24 302.04
ROCE % 8.83% 5.90% -0.11% 5.20% -1.66% -1.76% 8.86% -4.96% -3.74% 6.29% -1.90% -1.51%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.73% 47.73% 50.23% 49.80% 49.80% 49.84% 49.84% 49.84% 49.84% 49.84% 49.78% 49.70%
0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28%
51.99% 51.99% 49.49% 49.93% 49.92% 49.89% 49.90% 49.89% 49.87% 49.89% 49.93% 50.03%
No. of Shareholders 1,6362,0622,1862,3132,2622,2612,2462,1862,1332,0762,0312,021

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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