KCP Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:18 am

Market Cap	3,188 Cr.
Current Price	247
High / Low	282/145
Stock P/E	14.1
Book Value	115
Dividend Yield	0.40 %
ROCE	15.4 %
ROE	14.3 %
Face Value	1.00
PEG Ratio	4.46

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Bheema Cements Ltd	69.5 Cr.	21.3	35.3/21.0		13.2	0.00 %	11.8 %	56.4 %	10.0
UltraTech Cement Ltd	3,29,774 Cr.	11,423	12,145/9,250	50.2	2,126	0.61 %	15.1 %	12.2 %	10.0
The Ramco Cements Ltd	23,301 Cr.	986	1,060/700	84.5	302	0.25 %	8.17 %	5.63 %	1.00
The India Cements Ltd	10,510 Cr.	339	386/173		170	0.00 %	0.78 %	4.81 %	10.0
Star Cement Ltd	8,603 Cr.	213	256/170	43.5	67.9	0.00 %	16.5 %	11.5 %	1.00
Industry Average	33,573.79 Cr	1,891.88		36.93	530.04	0.60%	11.09%	16.06%	7.13

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	542	528	510	542	566	538	551	598	744	700	777	625	691
Expenses	417	416	450	452	501	519	549	511	677	627	678	511	624
Operating Profit	125	112	60	90	65	19	2	87	67	74	99	114	67
OPM %	23%	21%	12%	17%	11%	4%	0%	15%	9%	11%	13%	18%	10%
Other Income	8	1	2	14	5	5	21	7	13	6	36	13	11
Interest	10	9	8	7	9	11	9	9	13	13	8	7	10
Depreciation	22	22	22	21	23	21	23	22	22	23	23	22	20
Profit before tax	101	83	32	77	37	-8	-9	64	46	45	104	98	48
Tax %	11%	21%	20%	23%	-14%	-151%	31%	14%	-8%	-8%	8%	16%	-5%
Net Profit	89	65	25	60	43	4	-11	56	50	50	96	85	51
EPS in Rs	5.65	4.16	1.71	3.07	1.94	-0.40	-0.78	2.48	2.35	2.53	5.44	4.31	2.49

Last Updated: October 22, 2024, 5:13 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 22, 2024, 5:13 pm

Month	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
Sales	1,136	1,061	1,188	1,296	1,231	1,476	1,661	1,424	1,693	2,108	2,254	2,847	2,794
Expenses	1,025	933	1,020	1,033	1,010	1,219	1,429	1,232	1,328	1,733	2,079	2,491	2,440
Operating Profit	111	127	168	263	220	256	232	192	364	375	174	356	354
OPM %	10%	12%	14%	20%	18%	17%	14%	13%	22%	18%	8%	12%	13%
Other Income	76	21	13	4	9	2	8	4	27	38	38	69	67
Interest	40	46	51	52	51	45	41	60	47	35	39	42	38
Depreciation	44	47	48	48	63	71	76	96	92	87	90	89	87
Profit before tax	103	54	81	167	116	143	124	39	252	292	84	293	295
Tax %	17%	8%	16%	30%	17%	22%	12%	-47%	25%	18%	-7%	6%
Net Profit	85	50	67	117	98	113	110	58	185	240	91	280	281
EPS in Rs	5.06	2.68	3.91	7.24	5.94	6.94	6.38	2.10	12.64	14.59	3.24	14.63	14.77
Dividend Payout %	75%	56%	19%	14%	34%	14%	16%	7%	16%	7%	3%	7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-41.18%	34.00%	74.63%	-16.24%	15.31%	-2.65%	-47.27%	218.97%	29.73%	-62.08%	207.69%
Change in YoY Net Profit Growth (%)	0.00%	75.18%	40.63%	-90.87%	31.55%	-17.96%	-44.62%	266.24%	-189.24%	-91.81%	269.78%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	11%
3 Years:	19%
TTM:	4%

Compounded Profit Growth
10 Years:	18%
5 Years:	18%
3 Years:	5%
TTM:	167%

Stock Price CAGR
10 Years:	13%
5 Years:	34%
3 Years:	26%
1 Year:	61%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	12%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:32 pm

Month	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	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	476	484	519	602	663	723	798	825	983	1,164	1,212	1,397	1,472
Borrowings	342	475	451	479	516	556	596	549	468	437	558	480	445
Other Liabilities	430	380	414	501	454	515	551	586	645	768	835	938	921
Total Liabilities	1,261	1,353	1,397	1,595	1,646	1,807	1,957	1,973	2,109	2,382	2,618	2,829	2,851
Fixed Assets	568	570	644	973	871	908	1,186	1,180	1,096	1,058	998	936	904
CWIP	103	175	121	0	109	256	42	15	23	8	10	14	38
Investments	5	5	5	5	14	15	15	15	11	11	10	15	15
Other Assets	585	603	627	617	651	629	714	763	979	1,304	1,599	1,863	1,895
Total Assets	1,261	1,353	1,397	1,595	1,646	1,807	1,957	1,973	2,109	2,382	2,618	2,829	2,851

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	239	10	194	241	127	213	152	193	130	139	-72	105
Cash from Investing Activity +	-100	-108	-46	-248	-67	-252	-139	-28	29	-26	3	71
Cash from Financing Activity +	-82	22	-79	-49	-18	-18	-14	-161	-175	-111	68	-169
Net Cash Flow	58	-76	69	-56	41	-57	-1	4	-17	1	-1	8

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-231.00	-348.00	-283.00	-216.00	-296.00	-300.00	-364.00	-357.00	-104.00	-62.00	-384.00	-124.00

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

Month	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	28	32	20	40	25	18	18	23	25	22	25	22
Inventory Days	159	230	154	137	218	274	218	217	203	235	295	156
Days Payable	60	71	45	45	65	78	60	97	71	67	60	37
Cash Conversion Cycle	127	191	130	132	178	214	177	143	156	190	260	142
Working Capital Days	50	98	61	51	61	56	46	24	43	49	81	60
ROCE %	17%	10%	13%	19%	13%	14%	11%	6%	18%	19%	6%	15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	43.88%	43.92%	43.99%	43.98%	43.99%	44.07%	44.07%	43.93%	43.94%	43.94%	43.94%	43.94%
FIIs	1.74%	2.02%	2.02%	2.15%	2.22%	2.14%	2.01%	1.85%	1.90%	1.54%	1.69%	2.13%
DIIs	0.66%	0.65%	0.66%	0.64%	0.64%	0.64%	0.64%	0.69%	0.62%	1.04%	0.55%	0.74%
Public	53.72%	53.41%	53.33%	53.21%	53.14%	53.12%	53.26%	53.52%	53.53%	53.46%	53.80%	53.16%
No. of Shareholders	35,206	43,429	43,613	42,639	42,027	40,916	40,061	39,594	41,153	54,321	64,142	65,514

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	14.63	3.24	14.59	12.64	2.10
Diluted EPS (Rs.)	14.63	3.24	14.59	12.64	2.10
Cash EPS (Rs.)	28.36	13.94	25.30	21.76	11.95
Book Value[Excl.RevalReserv]/Share (Rs.)	138.09	117.86	109.56	92.51	79.97
Book Value[Incl.RevalReserv]/Share (Rs.)	138.09	117.86	109.56	92.51	79.97
Revenue From Operations / Share (Rs.)	220.85	174.81	163.53	132.93	110.42
PBDIT / Share (Rs.)	32.87	16.45	32.02	30.27	15.12
PBIT / Share (Rs.)	25.94	9.47	25.27	23.16	7.66
PBT / Share (Rs.)	22.72	6.52	22.64	19.56	3.05
Net Profit / Share (Rs.)	21.43	6.96	18.55	14.64	4.50
NP After MI And SOA / Share (Rs.)	14.63	3.24	14.59	12.64	2.10
PBDIT Margin (%)	14.88	9.40	19.58	22.77	13.68
PBIT Margin (%)	11.74	5.41	15.45	17.42	6.93
PBT Margin (%)	10.28	3.73	13.84	14.71	2.76
Net Profit Margin (%)	9.70	3.98	11.34	11.01	4.07
NP After MI And SOA Margin (%)	6.62	1.85	8.92	9.51	1.90
Return on Networth / Equity (%)	13.37	3.40	15.98	16.37	3.23
Return on Capital Employeed (%)	16.13	6.68	18.55	18.35	6.16
Return On Assets (%)	6.66	1.59	7.89	7.71	1.37
Long Term Debt / Equity (X)	0.05	0.10	0.15	0.24	0.49
Total Debt / Equity (X)	0.33	0.45	0.36	0.46	0.65
Asset Turnover Ratio (%)	1.05	0.87	0.87	0.77	0.57
Current Ratio (X)	2.31	1.91	1.95	1.98	2.02
Quick Ratio (X)	1.69	1.21	1.38	1.40	1.24
Inventory Turnover Ratio (X)	3.31	1.12	1.34	2.45	0.82
Dividend Payout Ratio (NP) (%)	0.68	30.88	13.70	1.18	47.51
Dividend Payout Ratio (CP) (%)	0.46	9.79	9.36	0.75	10.46
Earning Retention Ratio (%)	99.32	69.12	86.30	98.82	52.49
Cash Earning Retention Ratio (%)	99.54	90.21	90.64	99.25	89.54
Interest Coverage Ratio (X)	10.37	5.58	12.20	8.42	3.28
Interest Coverage Ratio (Post Tax) (X)	7.78	3.36	8.07	5.07	1.98
Enterprise Value (Cr.)	2177.41	1532.69	1593.22	1308.80	1026.93
EV / Net Operating Revenue (X)	0.76	0.68	0.75	0.76	0.72
EV / EBITDA (X)	5.14	7.23	3.86	3.35	5.27
MarketCap / Net Operating Revenue (X)	0.78	0.58	0.70	0.63	0.39
Retention Ratios (%)	99.31	69.11	86.29	98.81	52.48
Price / BV (X)	1.59	1.08	1.27	1.09	0.66
Price / Net Operating Revenue (X)	0.78	0.58	0.70	0.63	0.39
EarningsYield	0.08	0.03	0.12	0.15	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 232.80

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 December 22, 2024, is Overvalued by 5.75% compared to the current share price 247.00

Intrinsic Value of as of December 22, 2024 is: 240.16

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 December 22, 2024, is Overvalued by 2.77% compared to the current share price 247.00

Last 5 Year EPS CAGR: 3.16%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (870.62 cr) compared to borrowings (488.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.31 cr) and profit (157.15 cr) over the years.	The stock has a low average ROCE of 13.42%, which may not be favorable. The stock has a high average Working Capital Days of 56.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 170.00, which may not be favorable.

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 :
1. Net Profit Margin: 9.7%
  - 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: 16.13% (Industry Average ROCE: 11.09%)
  - 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%: 13.37% (Industry Average ROE: 16.06%)
  - 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): 7.78
  - 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: 1.69
  - 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: 14.1 (Industry average Stock P/E: 36.93)
  - 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: 0.33
  - 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

KCP Ltd. is a Public Limited Listed company incorporated on 03/07/1941 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65991TN1941PLC001128 and registration number is 001128. Currently Company is involved in the business activities of Manufacture of non-metallic mineral products. Company’s Total Operating Revenue is Rs. 1584.36 Cr. and Equity Capital is Rs. 12.89 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Cement	Ramakrishna Buildings, 2, Dr P V Cherian Crescent, Chennai (Madras) Tamil Nadu 600008	investor@kcp.co.in http://www.kcp.co.in

Management
Name	Position Held
Dr. V L Indira Dutt	Chairperson & Managing Director
Mrs. V Kavitha Dutt	Joint Managing Director
Mr. P S Kumar	Independent Director
Mr. V H Ramakrishnan	Independent Director
Mr. Vijay Sankar	Independent Director
Mr. M Narasimhappa	Independent Director
Mrs. Janaki Pillai	Independent Woman Director
Mr. V Chandrakumar Prasad	Non Exe.Non Ind.Director
Dr. Subbarao Vallabhaneni	Non Exe.Non Ind.Director
Mr. Ravi Kumar Chitturi	Non Exe.Non Ind.Director
Mr. Thiruvengadam Parthasarathi	Ind. Non-Executive Director
Mr. Harish Lakshman	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹232.80, which is 5.75% lower than the current market price of ₹247.00. The stock has a market capitalization of 3,188 Cr. and recorded a high/low of 282/145 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,472 Cr and total liabilities of ₹2,851 Cr.

What is the Market Cap of ?

The Market Cap of is 3,188 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 247.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 282/145.

What is the Stock P/E of ?

The Stock P/E of is 14.1.

What is the Book Value of ?

The Book Value of is 115.

What is the Dividend Yield of ?

The Dividend Yield of is 0.40 %.

What is the ROCE of ?

The ROCE of is 15.4 %.

What is the ROE of ?

The ROE of is 14.3 %.

What is the Face Value of ?

The Face Value of is 1.00.