Kamadgiri Fashion Ltd

Kamadgiri Fashion Ltd

₹ 112 3.57%
22 Nov - close price
About

Incorporated in 1987, Kamadgiri Fashion Limited is in the business of manufacturing (in house and outsourced) fabrics and readymade apparels.

Key Points

Business Overview:[1]
Company weaves and manufactures fabrics (in-house) and ready-to-wear garments (contract manufacturing) such as formal shirts, casual shirts and bottom wear for reputed brands. It offers customized uniform tailoring services. Based in Mumbai, company operates weaving and garmenting units in Maharashtra and Gujarat. The company is a fully integrated unit, and launched its in-house True Value brand for suitings and shirtings in 2005. It took over Stripes 2 Apparels Ltd., a Future Group entity, in 2008.[2]

  • Market Cap 65.6 Cr.
  • Current Price 112
  • High / Low 127 / 61.4
  • Stock P/E 109
  • Book Value 61.0
  • Dividend Yield 0.00 %
  • ROCE 9.29 %
  • ROE 1.73 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 92.6 to 64.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 37.5%

* 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 - Processing

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67.10 37.05 72.54 72.91 74.82 69.16 75.53 66.52 69.67
63.79 35.19 68.88 69.48 69.21 67.45 71.32 64.53 63.06
Operating Profit 3.31 1.86 3.66 3.43 5.61 1.71 4.21 1.99 6.61
OPM % 4.93% 5.02% 5.05% 4.70% 7.50% 2.47% 5.57% 2.99% 9.49%
3.18 0.04 0.04 0.02 0.08 0.54 0.15 0.56 0.74
Interest 2.44 1.46 2.21 2.08 2.18 1.85 2.31 2.40 2.27
Depreciation 1.60 1.54 1.40 1.26 1.66 1.41 1.46 1.35 1.22
Profit before tax 2.45 -1.10 0.09 0.11 1.85 -1.01 0.59 -1.20 3.86
Tax % 23.67% -20.91% -33.33% -36.36% 32.43% -27.72% 22.03% -20.00% 29.53%
1.88 -0.87 0.12 0.16 0.92 -0.79 0.46 -0.96 2.71
EPS in Rs 3.20 -1.48 0.20 0.27 1.57 -1.35 0.78 -1.64 4.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
140 257 281
136 243 266
Operating Profit 4 15 15
OPM % 3% 6% 5%
3 0 2
Interest 8 8 9
Depreciation 7 6 5
Profit before tax -8 1 2
Tax % -28% 32% 33%
-6 0 1
EPS in Rs -9.86 0.56 2.52
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 82%
Stock Price CAGR
10 Years: 4%
5 Years: 13%
3 Years: 46%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Equity Capital 6 6 6
Reserves 27 28 30
60 74 66
54 67 54
Total Liabilities 148 175 155
36 33 26
CWIP 0 0 0
Investments 0 0 0
112 143 130
Total Assets 148 175 155

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
11 -3 17
0 -1 1
-11 4 -18
Net Cash Flow 0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 128 85 65
Inventory Days 212 163 114
Days Payable 125 111 65
Cash Conversion Cycle 215 136 114
Working Capital Days 142 105 96
ROCE % 9% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.91% 30.91% 30.89% 30.89% 30.89% 30.89% 30.89% 30.89% 30.89% 34.01% 37.52% 37.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
69.09% 69.09% 69.11% 69.12% 69.11% 69.11% 69.13% 69.12% 69.12% 65.98% 62.49% 62.46%
No. of Shareholders 1,6571,6201,5431,5241,4761,4481,3931,3211,2881,3811,4461,513

* 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.

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