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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Kamdhenu Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:56 pm

Market Cap 1,285 Cr.
Current Price 464
High / Low673/262
Stock P/E21.7
Book Value 96.3
Dividend Yield0.43 %
ROCE35.1 %
ROE26.5 %
Face Value 10.0
PEG Ratio0.25

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kamdhenu Ltd

Competitors of Kamdhenu Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aditya Ispat Ltd 5.65 Cr. 10.613.0/9.00 14.00.00 %0.72 %29.9 % 10.0
Kamdhenu Ltd 1,285 Cr. 464673/26221.7 96.30.43 %35.1 %26.5 % 10.0
Industry Average1,285.00 Cr237.3021.7055.150.22%17.91%28.20%10.00

All Competitor Stocks of Kamdhenu Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales183222113153149185191191183167209185155
Expenses170202104142138166176179166152193172141
Operating Profit1420911111915121715161314
OPM %7%9%8%7%7%10%8%6%9%9%8%7%9%
Other Income1-10122-80011222
Interest3311111000000
Depreciation2211111111111
Profit before tax10681110814111614161415
Tax %25%29%27%25%24%34%26%24%25%25%26%25%26%
Net Profit7468851081211121011
EPS in Rs2.671.462.072.972.862.033.733.064.474.004.483.784.14

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4825489229688418251,1801,232924625600732716
Expenses4625268969388097921,1361,179879575545672657
Operating Profit19222630323344544550556058
OPM %4%4%3%3%4%4%4%4%5%8%9%8%8%
Other Income11-000110-25-7-1027
Interest10111213151413121214421
Depreciation4455588789555
Profit before tax5791212122435-021375559
Tax %27%27%36%33%34%31%36%36%518%28%27%25%
Net Profit4568881622215274144
EPS in Rs1.962.062.543.433.483.466.708.510.715.619.9415.2516.40
Dividend Payout %26%0%0%20%20%23%15%12%71%14%10%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)25.00%20.00%33.33%0.00%0.00%100.00%37.50%-90.91%650.00%80.00%51.85%
Change in YoY Net Profit Growth (%)0.00%-5.00%13.33%-33.33%0.00%100.00%-62.50%-128.41%740.91%-570.00%-28.15%

Kamdhenu Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:-10%
3 Years:5%
TTM:-5%
Compounded Profit Growth
10 Years:23%
5 Years:18%
3 Years:31%
TTM:32%
Stock Price CAGR
10 Years:32%
5 Years:56%
3 Years:59%
1 Year:59%
Return on Equity
10 Years:15%
5 Years:17%
3 Years:20%
Last Year:27%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital23232323232326272727272728
Reserves6571768292105155154168197140186239
Borrowings778799108106888812710094432
Other Liabilities102888583122159146157136142386869
Total Liabilities268269283296344375415464431460208284338
Fixed Assets48494847807490869194474545
CWIP2000001111000
Investments243333369161484165
Other Assets216215232246261298322371331349147155128
Total Assets268269283296344375415464431460208284338

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +168512182125-3504367102
Cash from Investing Activity +-6-6-3-4-2-2-26-19-10-13-14-92
Cash from Financing Activity +-5-2-1-8-17-18215-41-20-5518
Net Cash Flow5-010-1-01-7-010-228

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow19.00-55.00-61.00-69.00-76.00-73.00-44.00-34.00-82.00-50.00-39.0056.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days80515162715866841171214127
Inventory Days45253040362622405963108
Days Payable662726315041426387741317
Cash Conversion Cycle5849547157434661891103819
Working Capital Days81505569644953841131184723
ROCE %11%12%13%13%12%17%19%13%15%17%23%35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters64.29%64.29%64.29%58.74%58.74%58.74%58.74%58.74%58.74%58.74%57.04%49.83%
FIIs0.33%0.22%0.20%0.19%0.34%0.34%0.44%0.58%0.58%4.00%6.12%9.57%
DIIs0.35%0.32%0.33%1.60%0.29%0.26%0.22%0.39%0.19%0.19%0.18%0.18%
Public35.03%35.17%35.18%39.48%40.64%40.65%40.61%40.30%40.51%37.09%36.65%40.43%
No. of Shareholders14,31915,24615,66418,92615,51014,95215,31017,04116,99617,16919,35921,277

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bank of India Mid & Small Cap Equity & Debt Fund59,0000.341.6659,0002024-11-200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21
FaceValue10.0010.00
Basic EPS (Rs.)9.775.62
Diluted EPS (Rs.)9.775.62
Cash EPS (Rs.)13.218.81
Book Value[Excl.RevalReserv]/Share (Rs.)80.9772.30
Book Value[Incl.RevalReserv]/Share (Rs.)80.9772.30
Revenue From Operations / Share (Rs.)312.14232.12
PBDIT / Share (Rs.)22.3819.76
PBIT / Share (Rs.)18.9416.55
PBT / Share (Rs.)13.017.78
Net Profit / Share (Rs.)9.775.60
NP After MI And SOA / Share (Rs.)9.775.60
PBDIT Margin (%)7.168.51
PBIT Margin (%)6.067.12
PBT Margin (%)4.163.34
Net Profit Margin (%)3.122.41
NP After MI And SOA Margin (%)3.122.41
Return on Networth / Equity (%)12.067.74
Return on Capital Employeed (%)20.0620.33
Return On Assets (%)5.943.49
Long Term Debt / Equity (X)0.050.01
Total Debt / Equity (X)0.400.44
Asset Turnover Ratio (%)1.930.00
Current Ratio (X)1.751.52
Quick Ratio (X)1.341.21
Inventory Turnover Ratio (X)7.190.00
Dividend Payout Ratio (NP) (%)8.188.93
Dividend Payout Ratio (CP) (%)6.055.67
Earning Retention Ratio (%)91.8291.07
Cash Earning Retention Ratio (%)93.9594.33
Interest Coverage Ratio (X)5.943.92
Interest Coverage Ratio (Post Tax) (X)4.172.85
Enterprise Value (Cr.)697.24457.46
EV / Net Operating Revenue (X)0.820.73
EV / EBITDA (X)11.578.59
MarketCap / Net Operating Revenue (X)0.740.59
Retention Ratios (%)91.8191.06
Price / BV (X)2.861.92
Price / Net Operating Revenue (X)0.740.59
EarningsYield0.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kamdhenu Ltd as of November 22, 2024 is: 556.15

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Kamdhenu Ltd is Undervalued by 19.86% compared to the current share price 464.00

Intrinsic Value of Kamdhenu Ltd as of November 22, 2024 is: 1,042.10

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Kamdhenu Ltd is Undervalued by 124.59% compared to the current share price 464.00

Last 5 Year EPS CAGR: 87.38%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.67%, which is a positive sign.
  2. The company has higher reserves (133.08 cr) compared to borrowings (75.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (629.62 cr) and profit (22.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 67.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 57.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kamdhenu Ltd:
    1. Net Profit Margin: 3.12%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.06% (Industry Average ROCE: 17.91%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.06% (Industry Average ROE: 28.2%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.17
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.34
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 21.7 (Industry average Stock P/E: 21.7)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.4
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Kamdhenu Ltd. is a Public Limited Listed company incorporated on 12/09/1994 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L27101HR1994PLC092205 and registration number is 134282. Currently Company is involved in the business activities of Manufacture of structural metal products, tanks, reservoirs and steam generators. Company’s Total Operating Revenue is Rs. 840.76 Cr. and Equity Capital is Rs. 26.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Bright Bars2nd Floor, Tower - A, Building No. 9, Gurgaon Haryana 122002cs@kamdhenulimited.com
http://www.kamdhenulimited.com
Management
NamePosition Held
Mr. Satish Kumar AgarwalChairman & Managing Director
Mr. Sunil Kumar AgarwalWhole Time Director
Mr. Saurabh AgarwalNon Executive Director
Mr. Sachin AgarwalWhole Time Director
Mr. Madhusudan AgarwalIndependent Director
Mrs. Pravin TripathiIndependent Woman Director
Mr. Baldev Raj SachdevaIndependent Director
Mr. Vivek JindalIndependent Director

FAQ

What is the latest intrinsic value of Kamdhenu Ltd?

The latest intrinsic value of Kamdhenu Ltd as on 21 November 2024 is ₹556.15, which is 19.86% higher than the current market price of ₹464.00.

What is the Market Cap of Kamdhenu Ltd?

The Market Cap of Kamdhenu Ltd is 1,285 Cr..

What is the current Stock Price of Kamdhenu Ltd as on 21 November 2024?

The current stock price of Kamdhenu Ltd as on 21 November 2024 is ₹464.

What is the High / Low of Kamdhenu Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kamdhenu Ltd stocks is 673/262.

What is the Stock P/E of Kamdhenu Ltd?

The Stock P/E of Kamdhenu Ltd is 21.7.

What is the Book Value of Kamdhenu Ltd?

The Book Value of Kamdhenu Ltd is 96.3.

What is the Dividend Yield of Kamdhenu Ltd?

The Dividend Yield of Kamdhenu Ltd is 0.43 %.

What is the ROCE of Kamdhenu Ltd?

The ROCE of Kamdhenu Ltd is 35.1 %.

What is the ROE of Kamdhenu Ltd?

The ROE of Kamdhenu Ltd is 26.5 %.

What is the Face Value of Kamdhenu Ltd?

The Face Value of Kamdhenu Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kamdhenu Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE