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Last Updated on: 17 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

K P R Mill Ltd (KPRMILL): Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 16, 2024, 11:38 pm

Market Cap 32,626 Cr.
Current Price 954
High / Low1,054/700
Stock P/E40.5
Book Value 128
Dividend Yield0.52 %
ROCE20.6 %
ROE19.5 %
Face Value 1.00
PEG Ratio2.52

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

View Share Price Target for K P R Mill Ltd (KPRMILL)

Competitors of K P R Mill Ltd (KPRMILL)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hisar Spinning Mills Ltd 28.0 Cr. 74.884.0/38.014.5 59.60.00 %12.5 %9.50 % 10.0
Rudra Ecovation Ltd 714 Cr. 68.082.6/14.4840 2.150.00 %1.92 %4.05 % 1.00
H P Cotton Textile Mills Ltd 52.9 Cr. 135194/99.922.8 35.10.00 %4.39 %6.57 % 10.0
Gujarat Hy-Spin Ltd 25.1 Cr. 15.015.4/8.50148 11.40.00 %4.31 %0.90 % 10.0
Gem Spinners India Ltd 33.6 Cr. 5.487.35/3.26 0.260.00 %9.62 %% 5.00
Industry Average3,288.61 Cr204.33104.91126.180.28%35.05%10.57%7.41

All Competitor Stocks of K P R Mill Ltd (KPRMILL)

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9301,1179031,2111,2591,4501,5851,2201,4311,9501,6111,5111,241
Expenses6778506788599531,1141,2179031,1631,6291,2791,213970
Operating Profit252267225352306336368317269320332298272
OPM %27%24%25%29%24%23%23%26%19%16%21%20%22%
Other Income101236142511202113852228
Interest88576617212021221815
Depreciation36333132423649502946454649
Profit before tax218238225328283305323267233261270256236
Tax %28%22%25%26%25%28%30%24%25%20%25%21%21%
Net Profit156186168242212220227203175210203202187
EPS in Rs4.545.414.887.046.166.396.635.955.116.135.935.905.47

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
Sales1,2691,6652,3712,5662,6012,8173,0253,3843,3533,5274,8226,1866,503
Expenses1,0891,2771,9482,1282,1312,2532,4502,7722,7312,6983,6044,9115,284
Operating Profit1803884234384705635746126228301,2191,2741,219
OPM %14%23%18%17%18%20%19%18%19%24%25%21%19%
Other Income763124242715373639876249
Interest489810484586452495033237981
Depreciation104151157154152149140131137147141174167
Profit before tax351441922232843773984694726891,1421,0841,021
Tax %6%28%26%22%26%24%27%29%20%25%26%25%
Net Profit33103142174211287290335377515842814789
EPS in Rs0.872.733.764.615.597.767.869.2310.9514.9724.4723.8223.07
Dividend Payout %57%22%19%20%18%2%2%2%8%6%1%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)212.12%37.86%22.54%21.26%36.02%1.05%15.52%12.54%36.60%63.50%-3.33%
Change in YoY Net Profit Growth (%)0.00%-174.26%-15.33%-1.27%14.75%-34.97%14.47%-2.98%24.07%26.89%-66.82%

K P R Mill Ltd (KPRMILL) 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:10%
5 Years:12%
3 Years:20%
TTM:-2%
Compounded Profit Growth
10 Years:19%
5 Years:19%
3 Years:15%
TTM:2%
Stock Price CAGR
10 Years:42%
5 Years:51%
3 Years:26%
1 Year:16%
Return on Equity
10 Years:22%
5 Years:23%
3 Years:23%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital383838383737363434343434
Reserves6547628931,0631,2491,5331,7541,8312,3163,1523,6734,324
Borrowings1,0239778398837796488567886571,1851,3481,158
Other Liabilities376388462398326334327229244486543347
Total Liabilities2,0902,1642,2322,3822,3912,5522,9742,8823,2514,8585,5985,864
Fixed Assets1,3391,2561,2061,1541,3071,2241,1371,3211,2561,9402,3062,429
CWIP06235201262911587118
Investments666361212142923531112934
Other Assets6848409621,1921,0701,3141,8221,5461,7322,4923,0763,284
Total Assets2,0902,1642,2322,3822,3912,5522,9742,8823,2514,8585,5985,864

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 21542231020547722666788659494299678
Cash from Investing Activity -250-184-102-207-198-54-69-283-548-942-105-294
Cash from Financing Activity 82-188-252-65-270-19047-418-194501-206-417
Net Cash Flow4650-44-6710-194488-8453-13-33

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow180.00387.00-554.00-401.00-413.00-216.00-74.00-244.00-166.00173.000.000.00

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 Days353740594451574533363740
Inventory Days13693112116114127181131170175185193
Days Payable436461583651402420373312
Cash Conversion Cycle1276691116123127198152183174189221
Working Capital Days6744599490114149121128122136163
ROCE %15%17%17%18%22%21%21%19%25%31%24%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.72%74.72%74.72%74.78%74.78%74.78%74.78%74.78%73.75%73.75%73.75%73.75%
FIIs3.09%3.58%4.33%3.74%3.58%3.08%3.07%3.03%4.18%4.32%4.64%5.00%
DIIs13.42%12.99%11.98%13.15%13.04%13.87%14.56%14.71%15.05%15.12%14.79%14.90%
Public8.77%8.71%8.98%8.33%8.61%8.27%7.59%7.47%7.00%6.82%6.81%6.32%
No. of Shareholders74,36895,5361,50,5791,37,4041,37,8201,32,4461,18,3171,13,5861,02,9421,06,0051,05,56694,494

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multicap Fund7,013,7094.36564.642,051,4002024-10-15241.9%
HSBC Small Cap Fund - Regular Plan4,981,6393.47401.052,051,4002024-10-15142.84%
Nippon India Small Cap Fund4,293,6220.93345.662,051,4002024-10-15109.3%
SBI Magnum Midcap Fund4,260,0112.6342.952,051,4002024-10-15107.66%
SBI Flexi Cap Fund2,677,5301.23215.552,051,4002024-10-1530.52%
Franklin India Smaller Companies Fund2,060,9631.71165.922,051,4002024-10-150.47%
Axis Midcap Fund2,051,4000.75165.152,051,4002024-10-150%
HSBC Value Fund2,018,5001.75162.52,051,4002024-10-15-1.6%
DSP Small Cap Fund1,689,4871.15136.012,051,4002024-10-15-17.64%
Aditya Birla Sun Life Midcap Fund1,492,5102.83120.152,051,4002024-10-15-27.24%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.005.005.00
Basic EPS (Rs.)23.5623.8124.4774.8852.90
Diluted EPS (Rs.)23.5623.8124.4774.8852.90
Cash EPS (Rs.)29.1028.9028.5796.1974.65
Book Value[Excl.RevalReserv]/Share (Rs.)127.51108.4592.61341.50271.12
Book Value[Incl.RevalReserv]/Share (Rs.)127.51108.4592.61341.50271.12
Revenue From Operations / Share (Rs.)177.29180.98140.15512.95487.16
PBDIT / Share (Rs.)38.1539.1137.95126.1895.67
PBIT / Share (Rs.)32.6134.0333.85104.8775.75
PBT / Share (Rs.)30.4431.7233.17100.1068.54
Net Profit / Share (Rs.)23.5623.8224.4674.8754.73
NP After MI And SOA / Share (Rs.)23.5623.8224.4674.8754.73
PBDIT Margin (%)21.5121.6027.0824.5919.63
PBIT Margin (%)18.3918.8024.1520.4415.54
PBT Margin (%)17.1617.5223.6719.5114.06
Net Profit Margin (%)13.2913.1617.4514.5911.23
NP After MI And SOA Margin (%)13.2913.1617.4514.5911.23
Return on Networth / Equity (%)18.4721.9626.4121.9220.18
Return on Capital Employeed (%)23.3327.2229.9528.0024.51
Return On Assets (%)13.7314.5417.2915.7813.00
Long Term Debt / Equity (X)0.060.120.190.070.11
Total Debt / Equity (X)0.260.360.370.250.39
Asset Turnover Ratio (%)1.061.081.231.101.12
Current Ratio (X)2.892.252.532.551.96
Quick Ratio (X)1.140.811.211.221.03
Inventory Turnover Ratio (X)1.832.412.581.962.26
Dividend Payout Ratio (NP) (%)19.099.020.616.008.29
Dividend Payout Ratio (CP) (%)15.467.430.524.676.08
Earning Retention Ratio (%)80.9190.9899.3994.0091.71
Cash Earning Retention Ratio (%)84.5492.5799.4895.3393.92
Interest Coverage Ratio (X)17.5316.9556.0726.4413.26
Interest Coverage Ratio (Post Tax) (X)11.8311.3237.1516.698.59
Enterprise Value (Cr.)29437.6920909.4422498.197861.152917.97
EV / Net Operating Revenue (X)4.863.384.672.230.87
EV / EBITDA (X)22.5815.6417.239.054.43
MarketCap / Net Operating Revenue (X)4.703.184.452.080.69
Retention Ratios (%)80.9090.9799.3893.9991.70
Price / BV (X)6.535.316.733.121.25
Price / Net Operating Revenue (X)4.703.184.452.080.69
EarningsYield0.020.040.030.070.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of K P R Mill Ltd (KPRMILL) as of October 17, 2024 is: ₹1,016.14

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 October 17, 2024, K P R Mill Ltd (KPRMILL) is Undervalued by 6.51% compared to the current share price ₹954.00

Intrinsic Value of K P R Mill Ltd (KPRMILL) as of October 17, 2024 is: ₹1,179.45

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 October 17, 2024, K P R Mill Ltd (KPRMILL) is Undervalued by 23.63% compared to the current share price ₹954.00

Last 5 Year EPS CAGR: 16.07%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.92%, which is a positive sign.
  2. The company has higher reserves (1,933.67 cr) compared to borrowings (928.42 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.92 cr) and profit (252.77 cr) over the years.
  1. The stock has a high average Working Capital Days of 107.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 147.25, 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 K P R Mill Ltd (KPRMILL):
    1. Net Profit Margin: 13.29%
      • 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: 23.33% (Industry Average ROCE: 35.05%)
      • 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%: 18.47% (Industry Average ROE: 10.57%)
      • 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): 11.83
      • 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: 1.14
      • 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: 40.5 (Industry average Stock P/E: 104.91)
      • 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: 0.26
      • 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

KPR Mill Ltd. is a Public Limited Listed company incorporated on 19/03/2003 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L17111TZ2003PLC010518 and registration number is 010518. Currently company belongs to the Industry of Textiles - Spinning - Cotton Blended. Company’s Total Operating Revenue is Rs. 4073.67 Cr. and Equity Capital is Rs. 34.41 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedNo. 9, Gokul Buildings, 1st Floor, Coimbatore Tamil Nadu 641001investors@kprmill.com
http://www.kprmilllimited.com
Management
NamePosition Held
Mr. K P RamasamyChairman
Mr. P NatarajManaging Director & CEO
Mr. K P D SigamaniManaging Director
Mr. C R AnandakrishnanExecutive Director
Mr. E K SakthivelExecutive Director
Mr. P SelvakumarWhole Time Director
Dr. S RenganayakeiIndependent Woman Director
Mrs. V BhuvaneshwariIndependent Woman Director
Mr. M AlagiriswamyIndependent Director
Mr. K V Ramananda RaoIndependent Director
Mr. K ThangaveluIndependent Director
Mr. R SridharanIndependent Director

FAQ

What is the latest fair value of K P R Mill Ltd (KPRMILL)?

The latest fair value of K P R Mill Ltd (KPRMILL) is ₹1016.14.

What is the Market Cap of K P R Mill Ltd (KPRMILL)?

The Market Cap of K P R Mill Ltd (KPRMILL) is 32,626 Cr..

What is the current Stock Price of K P R Mill Ltd (KPRMILL) as on 16 October 2024?

The current stock price of K P R Mill Ltd (KPRMILL) as on 16 October 2024 is ₹954.

What is the High / Low of K P R Mill Ltd (KPRMILL) stocks in FY 2024?

In FY 2024, the High / Low of K P R Mill Ltd (KPRMILL) stocks is 1,054/700.

What is the Stock P/E of K P R Mill Ltd (KPRMILL)?

The Stock P/E of K P R Mill Ltd (KPRMILL) is 40.5.

What is the Book Value of K P R Mill Ltd (KPRMILL)?

The Book Value of K P R Mill Ltd (KPRMILL) is 128.

What is the Dividend Yield of K P R Mill Ltd (KPRMILL)?

The Dividend Yield of K P R Mill Ltd (KPRMILL) is 0.52 %.

What is the ROCE of K P R Mill Ltd (KPRMILL)?

The ROCE of K P R Mill Ltd (KPRMILL) is 20.6 %.

What is the ROE of K P R Mill Ltd (KPRMILL)?

The ROE of K P R Mill Ltd (KPRMILL) is 19.5 %.

What is the Face Value of K P R Mill Ltd (KPRMILL)?

The Face Value of K P R Mill Ltd (KPRMILL) is 1.00.

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 K P R Mill Ltd (KPRMILL). 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