Kwality Ltd

₹ 2.20 -4.35%

23 Feb 2021

About

Kwality Ltd. (Kwality) was incorporated in 1992 as Kwality Dairy (India) Ltd. The company was set up as a backward integration unit of Kwality Ice Creams India Ltd and was acquired by Dhingra Family in 2002. It has a large presence in Northern India. ^[1]

Key Points

Products Customers
It mainly markets and sells its products under the umbrella brand, "Dairy Best". Kwality manufactures various dairy products, which include pure ghee, skimmed milk powder, sterilized flavored milk, etc. ^[1]

Website BSE NSE

Market Cap ₹ 53.1 Cr.
Current Price ₹ 2.20
High / Low ₹ /
Stock P/E
Book Value ₹ -145
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 1.00

Add ratio to table

Edit ratios

Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -54.8% over past five years.
Company's cost of borrowing seems high

* 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: FMCG Industry: Food - Processing - Indian

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021
	354.03	361.09	113.59	47.99	32.12	36.19	34.27	31.33	25.43	29.60	34.07	10.57	18.23
	1,218.56	2,027.72	563.64	101.35	36.54	71.23	36.29	34.37	28.99	222.31	27.59	9.76	18.64
Operating Profit	-864.53	-1,666.63	-450.05	-53.36	-4.42	-35.04	-2.02	-3.04	-3.56	-192.71	6.48	0.81	-0.41
OPM %	-244.20%	-461.56%	-396.21%	-111.19%	-13.76%	-96.82%	-5.89%	-9.70%	-14.00%	-651.05%	19.02%	7.66%	-2.25%
	0.72	0.73	0.01	0.06	0.13	0.04	0.52	0.06	0.05	2.42	-2.10	0.03	0.09
Interest	63.95	64.98	8.72	2.45	5.22	3.79	4.12	3.85	3.62	730.54	263.77	3.73	3.79
Depreciation	34.44	34.23	34.09	8.86	8.86	8.54	8.50	7.42	7.39	7.39	3.53	2.80	2.83
Profit before tax	-962.20	-1,765.11	-492.85	-64.61	-18.37	-47.33	-14.12	-14.25	-14.52	-928.22	-262.92	-5.69	-6.94
Tax %	-1.10%	0.00%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	68.41%	0.00%	0.00%
	-951.65	-1,765.11	-499.38	-64.62	-18.36	-47.33	-14.12	-14.25	-14.53	-928.70	-442.79	-5.69	-6.94
EPS in Rs	-39.43	-73.13	-20.69	-2.68	-0.76	-1.96	-0.59	-0.59	-0.60	-38.48	-18.35	-0.24	-0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
	1,604	2,416	3,929	5,011	5,877	6,348	6,872	7,319	1,369	151	120	92
	1,503	2,249	3,706	4,716	5,525	5,959	6,417	6,793	4,194	244	313	278
Operating Profit	101	167	224	294	352	389	455	526	-2,825	-93	-193	-186
OPM %	6%	7%	6%	6%	6%	6%	7%	7%	-206%	-62%	-160%	-201%
	0	0	-2	4	12	30	14	12	-62	-1	0	0
Interest	37	65	94	117	143	161	183	247	199	16	1,002	1,002
Depreciation	4	8	10	13	25	23	22	126	130	35	26	17
Profit before tax	61	94	118	169	196	234	264	165	-3,217	-144	-1,220	-1,204
Tax %	24%	2%	10%	14%	15%	30%	26%	44%	-0%	0%	15%
	46	92	106	145	167	164	194	92	-3,216	-144	-1,400	-1,384
EPS in Rs	2.26	4.55	5.20	7.13	7.61	7.32	8.18	3.83	-133.25	-5.98	-58.02	-57.36
Dividend Payout %	4%	2%	2%	1%	1%	1%	1%	3%	0%	0%	0%

Compounded Sales Growth
10 Years:	-23%
5 Years:	-55%
3 Years:	-75%
TTM:	-27%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-1434%

Stock Price CAGR
10 Years:	-25%
5 Years:	-3%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Equity Capital	20	20	20	20	22	22	24	24	24	24	24
Reserves	71	161	264	408	643	831	1,094	1,232	-1,960	-2,115	-3,510
	424	668	962	1,096	1,249	1,520	1,662	1,822	1,953	1,979	2,638
	44	46	127	229	152	176	249	402	438	428	982
Total Liabilities	559	895	1,373	1,754	2,066	2,549	3,028	3,481	455	317	134
	42	64	73	106	67	66	439	467	313	276	111
CWIP	0	0	9	22	118	194	7	56	7	7	3
Investments	0	0	0	0	0	6	0	0	0	0	0
	517	831	1,292	1,626	1,880	2,283	2,583	2,958	135	34	20
Total Assets	559	895	1,373	1,754	2,066	2,549	3,028	3,481	455	317	134

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
	-139	-134	-110	-14	59	113	271	85	-161	1	-2
	-27	-31	-28	-59	-151	-224	-275	-98	40	-0	2
	167	176	199	16	104	132	38	-7	57	0	-1
Net Cash Flow	-0	11	61	-56	13	22	34	-19	-63	1	-2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Debtor Days	94	100	94	97	82	95	84	95	16	37	26
Inventory Days	16	17	10	15	20	11	21	13	2	16	7
Days Payable	5	4	9	13	4	3	6	9	14	204	231
Cash Conversion Cycle	105	112	95	99	99	103	99	99	4	-151	-198
Working Capital Days	102	111	96	95	98	103	100	107	-93	-968	-2,925
ROCE %		23%	20%	21%	20%	18%	17%	14%	-191%

Shareholding Pattern

Numbers in percentages

	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021
	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%	24.01%
	0.10%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.09%	0.10%	0.09%	0.09%	0.11%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	75.80%	75.88%	75.90%	75.90%	75.87%	75.90%	75.90%	75.90%	75.90%	75.90%	75.90%	75.90%
No. of Shareholders	1,10,387	1,10,572	1,07,296	1,07,864	1,07,273	1,04,969	1,05,788	1,04,975	1,02,951	1,02,715	1,02,701	1,02,671

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2021
	67.95%	64.10%	63.04%	24.01%	24.01%	24.01%	24.01%
	0.00%	6.33%	5.35%	0.01%	0.00%	0.00%	0.00%
	1.39%	0.35%	0.64%	0.10%	0.08%	0.08%	0.08%
	30.65%	29.22%	30.97%	75.88%	75.90%	75.90%	75.90%
No. of Shareholders	29,117	31,175	54,994	1,10,572	1,04,969	1,02,715	1,02,671

* 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.

Documents

Announcements

All

Annual reports

Credit ratings

Concalls

May 2018

Transcript

Notes
PPT
Feb 2018

Transcript

Notes
PPT
Nov 2017

Transcript

Notes
PPT
Aug 2017

Transcript

Notes
PPT
May 2017

Transcript

Notes
PPT
Feb 2017

Transcript

Notes
PPT
Dec 2016

Transcript

Notes
PPT
Sep 2016

Transcript

Notes
PPT