Kandagiri Spinning Mills Ltd
₹ 38.7
-4.98%
07 Apr
- close price
About
Incorporated in 1976, Kandagiri Spinning Mills Ltd trades cotton yarn and leases out its immovable properties[1]
Key Points
- Market Cap ₹ 14.9 Cr.
- Current Price ₹ 38.7
- High / Low ₹ 40.8 / 21.2
- Stock P/E
- Book Value ₹ -18.8
- Dividend Yield 0.00 %
- ROCE 4.40 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -53.6% over past five years.
- Contingent liabilities of Rs.20.1 Cr.
- Company has high debtors of 387 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 160.54 | 193.61 | 189.36 | 144.78 | 78.03 | 54.38 | 69.55 | 26.57 | 2.54 | 3.19 | 1.23 | 1.50 | 2.54 | |
| 131.34 | 167.77 | 168.06 | 135.53 | 84.45 | 58.96 | 76.85 | 35.85 | 3.01 | 3.46 | 1.47 | 2.12 | 2.86 | |
| Operating Profit | 29.20 | 25.84 | 21.30 | 9.25 | -6.42 | -4.58 | -7.30 | -9.28 | -0.47 | -0.27 | -0.24 | -0.62 | -0.32 |
| OPM % | 18.19% | 13.35% | 11.25% | 6.39% | -8.23% | -8.42% | -10.50% | -34.93% | -18.50% | -8.46% | -19.51% | -41.33% | -12.60% |
| 0.25 | -0.15 | 0.43 | 0.27 | 15.98 | -0.16 | -1.56 | 6.30 | 1.53 | 2.59 | 3.25 | 1.47 | 0.07 | |
| Interest | 12.96 | 12.06 | 11.92 | 13.27 | 13.10 | 8.53 | 6.53 | 5.29 | 1.70 | 1.60 | 1.32 | 2.33 | 1.59 |
| Depreciation | 8.21 | 7.83 | 7.54 | 7.59 | 7.12 | 3.71 | 3.21 | 2.11 | 0.29 | 0.29 | 0.29 | 0.29 | 0.33 |
| Profit before tax | 8.28 | 5.80 | 2.27 | -11.34 | -10.66 | -16.98 | -18.60 | -10.38 | -0.93 | 0.43 | 1.40 | -1.77 | -2.17 |
| Tax % | 29.35% | 34.14% | 31.28% | 0.00% | 0.00% | -31.57% | 0.00% | 19.08% | 0.00% | 34.88% | -10.00% | 0.00% | |
| 5.85 | 3.82 | 1.56 | -11.34 | -10.65 | -11.61 | -18.59 | -12.36 | -0.94 | 0.28 | 1.53 | -1.77 | -2.17 | |
| EPS in Rs | 15.20 | 9.92 | 4.05 | -29.46 | -27.67 | -30.16 | -48.29 | -32.11 | -2.44 | 0.73 | 3.97 | -4.60 | -5.64 |
| Dividend Payout % | 0.00% | 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: | -38% |
| 5 Years: | -54% |
| 3 Years: | -16% |
| TTM: | 107% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | -72% |
| TTM: | -735% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 36% |
| 3 Years: | 25% |
| 1 Year: | 68% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 | 3.86 |
| Reserves | 42.73 | 46.26 | 47.63 | 36.30 | 33.28 | 20.78 | 2.14 | -9.42 | -10.36 | -10.08 | -8.55 | -10.32 | -11.08 |
| 100.55 | 90.77 | 86.40 | 90.95 | 67.02 | 58.93 | 51.71 | 15.32 | 14.51 | 14.42 | 14.42 | 18.11 | 18.28 | |
| 21.58 | 32.88 | 32.69 | 33.40 | 9.62 | 11.14 | 21.49 | 8.79 | 7.82 | 6.02 | 5.63 | 3.08 | 2.78 | |
| Total Liabilities | 168.72 | 173.77 | 170.58 | 164.51 | 113.78 | 94.71 | 79.20 | 18.55 | 15.83 | 14.22 | 15.36 | 14.73 | 13.84 |
| 111.59 | 105.57 | 98.55 | 92.97 | 74.10 | 52.90 | 26.41 | 11.55 | 11.26 | 10.96 | 10.67 | 10.38 | 10.21 | |
| CWIP | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.45 | 2.01 | 2.01 | 2.01 | 2.47 | 2.14 | 1.55 | 1.55 | 1.55 | 1.55 | 2.00 | 2.00 | 2.00 |
| 54.68 | 66.19 | 69.75 | 69.53 | 37.21 | 39.67 | 51.24 | 5.45 | 3.02 | 1.71 | 2.69 | 2.35 | 1.63 | |
| Total Assets | 168.72 | 173.77 | 170.58 | 164.51 | 113.78 | 94.71 | 79.20 | 18.55 | 15.83 | 14.22 | 15.36 | 14.73 | 13.84 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18.43 | 22.79 | 16.73 | 8.38 | 8.98 | -6.29 | -5.53 | -24.90 | 2.68 | 0.58 | 1.34 | -1.50 | |
| -0.72 | -2.32 | -0.60 | -1.13 | 27.42 | 22.50 | 10.97 | 43.96 | 0.03 | 0.79 | 0.07 | 0.11 | |
| -23.55 | -20.59 | -15.52 | -7.88 | -36.43 | -16.14 | -5.49 | -19.02 | -2.51 | -1.68 | -1.32 | 1.37 | |
| Net Cash Flow | -5.84 | -0.12 | 0.61 | -0.63 | -0.02 | 0.06 | -0.06 | 0.03 | 0.19 | -0.31 | 0.09 | -0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 30.83 | 20.06 | 18.00 | 45.48 | 24.70 | 19.00 | 15.06 | 41.62 | 162.38 | 0.00 | 382.80 | 386.90 |
| Inventory Days | 119.85 | 116.12 | 137.61 | 151.91 | 140.22 | 271.59 | 98.79 | 12.31 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days Payable | 18.56 | 41.57 | 39.20 | 53.72 | 13.91 | 45.84 | 38.97 | 30.53 | ||||
| Cash Conversion Cycle | 132.12 | 94.61 | 116.42 | 143.67 | 151.00 | 244.74 | 74.89 | 23.40 | 162.38 | 0.00 | 382.80 | 386.90 |
| Working Capital Days | 50.79 | 11.97 | 50.37 | 52.87 | 82.37 | 97.86 | 92.89 | -101.52 | -944.11 | -669.36 | -1,222.60 | -343.10 |
| ROCE % | 14.14% | 12.71% | 10.18% | 1.43% | -11.05% | -8.43% | -14.65% | -28.90% | 8.67% | 15.67% | 25.32% | 4.40% |
Documents
Announcements
-
Letter of Offer
5h - Open offer to acquire 26% shares of Kandagiri Spinning Mills at Rs.25/share by Akshayam Creations LLP.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
6h - Promoters sold 60.31% shares of Kandagiri Spinning Mills to Akshayam Creations LLP at Rs 16/share.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 6h
-
Announcement under Regulation 30 (LODR)-Open Offer - Updates
2d - Promoters transferred 23.21 lakh shares (60.31%) to Akshayam Creations LLP at Rs16/share.
-
Updates on Open Offer
25 Apr - Corrigendum to DPS for 26% open offer at Rs.25 by Akshayam Creations published as per SEBI.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
KSML, part of the Sambandam Group, specializes in manufacturing:
a) 100% Cotton Yarn, BCI Yarn, and Organic Yarn in carded and combed varieties, available as single, double, TFO, weaving, and knitting yarn.
b) Value-added products like high twist, gassed, and mercerized compact yarn, and slub yarn.
c) Special yarns such as poly-cotton and bamboo yarn, with a count range of Ne 16's to 80's and Ne 2/16's to 2/80's.