Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹8 Cr.
Stock P/E
1.3
P/B
—
Current Price
₹4.9
Book Value
₹ 0
Face Value
10
52W High
₹5.1
52W Low
₹ 4.2
Dividend Yield
—

Kalahridhaan Trendz Overview

Business

Kalahridhaan Trendz Ltd. (KTL) is an Indian textile company primarily engaged in the manufacturing and trading of denim fabric. The company produces a variety of denim fabrics, including different shades (indigo, sulphur black, ecru), designs (ring denim, slub denim, crosshatch), and weights, catering to a range of apparel applications. Its core business model revolves around supplying these denim fabrics on a business-to-business (B2B) basis to garment manufacturers, fashion brands, and exporters, both domestically and internationally. The company generates revenue through the sale of its manufactured and traded denim products.

Revenue Mix

Kalahridhaan Trendz Ltd. operates primarily as an integrated denim fabric manufacturer and trader. Publicly available information does not typically segment its revenue further into distinct product types (e.g., indigo denim vs. sulphur denim) or a precise manufacturing vs. trading split by percentage. Its revenue is derived almost entirely from its core denim fabric business.

Industry

The company operates within the Indian textile industry, one of the oldest and largest sectors in India. The denim segment, in particular, is experiencing consistent growth driven by evolving fashion trends, increasing casualization of apparel, and demand from a young demographic. The Indian textile industry is highly fragmented, with numerous players ranging from small-scale units to large, integrated mills. Kalahridhaan Trendz Ltd. is a relatively smaller player specializing in denim fabric manufacturing, positioning itself among the mid-to-small segment of specialized denim fabric suppliers, competing with both larger integrated textile houses and other focused denim mills.

MOAT

Kalahridhaan Trendz Ltd. operates in a highly competitive industry. Its primary competitive advantages are largely operational and relationship-based rather than possessing strong, durable moats like proprietary technology or dominant brands. These may include:

Product Specialization: Focus on denim fabric allows for expertise and a targeted product range.

Manufacturing Location: Being located in Gujarat, a textile hub, provides access to raw materials, skilled labor, and established logistics infrastructure.

Customer Relationships: Ability to build and maintain relationships with garment manufacturers and brands through consistent quality and timely delivery.

However, strong, identifiable moats such as significant scale-based cost advantages, high switching costs for customers, or a strong consumer brand are not prominently evident for the company.

Growth Drivers

Growing Denim Demand: Continued global and domestic demand for denim apparel driven by fashion trends and demographic shifts.

Capacity Expansion: Potential future investments in increasing manufacturing capacity or modernizing existing facilities to meet rising demand.

Diversification of Product Portfolio: Introduction of new denim types, specialized finishes, or sustainable denim options to tap into evolving market preferences.

Export Market Penetration: Increasing sales to international markets, leveraging India's position as a textile exporter.

Government Initiatives: Potential benefits from government policies aimed at boosting textile manufacturing and exports, such as the 'Make in India' initiative and Production Linked Incentive (PLI) schemes for textiles.

Risks

Raw Material Price Volatility: Fluctuations in the prices of key raw materials like cotton, dyes, and chemicals can impact production costs and profit margins.

Intense Competition: The denim fabric market is highly competitive, leading to potential pricing pressure and challenges in maintaining market share.

Fashion & Demand Cyclicality: Rapid changes in fashion trends and consumer preferences can affect demand for specific types of denim fabric, requiring quick adaptation.

Foreign Exchange Fluctuations: For companies involved in exports or imports, adverse currency movements can impact profitability.

Working Capital Management: Effective management of inventory and receivables is crucial in the textile industry to ensure liquidity.

Regulatory Changes: Changes in environmental regulations or trade policies could impact operations and costs.

Management & Ownership

Kalahridhaan Trendz Ltd. is promoted by Mr. Rameshchandra Shivlal Bhansali and Mrs. Snigdha Rameshchandra Bhansali. Mr. Rameshchandra Shivlal Bhansali, as a key promoter, brings significant experience in the textile industry, guiding the company's operations and strategic direction. Post its IPO in March 2023, the promoter and promoter group held approximately 73.5% of the company's equity, indicating a strong controlling stake and alignment with the company's long-term vision. The remaining shares are held by the public.

Outlook

Kalahridhaan Trendz Ltd. is positioned in the growing Indian and global denim market, benefiting from sustained demand for denim apparel. The promoter's experience and a focused product portfolio in denim fabrics provide a foundation for operations. The company's future growth could be driven by leveraging increasing demand, potential capacity expansions, and successful penetration into new markets or specialized denim segments.

However, as a relatively smaller player in a highly competitive and fragmented industry, the company faces inherent challenges. Volatility in raw material prices, intense competition, and the need to adapt quickly to evolving fashion trends pose significant risks to its profitability and market position. Its listing on the NSE Emerge platform also implies potentially lower liquidity and visibility compared to mainboard companies. The outlook hinges on the company's ability to navigate these industry dynamics, achieve operational efficiencies, and expand its market reach effectively.

Kalahridhaan Trendz Share Price

Live · NSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Kalahridhaan Trendz Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Kalahridhaan Trendz Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 132 184 184
Other Income 0 0 0
Total Income 132 184 184
Total Expenditure 128 177 170
Operating Profit 4 7 14
Interest 2 3 5
Depreciation 0 0 0
Exceptional Income / Expenses 0 0 0
Profit Before Tax 2 3 9
Provision for Tax 0 1 2
Profit After Tax 1 2 7
Adjustments 0 0 0
Profit After Adjustments 1 2 7
Adjusted Earnings Per Share 0.9 2 5.5

Kalahridhaan Trendz Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 9 11 18
Minority's Interest 0 0 0
Borrowings 13 16 24
Other Non-Current Liabilities -0 -0 0
Total Current Liabilities 38 75 67
Total Liabilities 60 103 110
Fixed Assets 1 1 3
Other Non-Current Assets 0 0 1
Total Current Assets 59 102 106
Total Assets 60 103 110

Kalahridhaan Trendz Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0
Cash Flow from Operating Activities -5 0 1
Cash Flow from Investing Activities -0 -1 -2
Cash Flow from Financing Activities 5 1 3
Net Cash Inflow / Outflow -0 -0 2
Closing Cash & Cash Equivalent 0 0 2

Kalahridhaan Trendz Ratios

# Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.91 2.02 5.46
CEPS(Rs) 1.06 2.18 5.66
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 7.38 9.4 14.87
Core EBITDA Margin(%) 3.11 3.6 7.47
EBIT Margin(%) 2.96 3.5 7.35
Pre Tax Margin(%) 1.16 1.79 4.83
PAT Margin (%) 0.84 1.34 3.62
Cash Profit Margin (%) 0.98 1.44 3.74
ROA(%) 1.85 3.03 6.27
ROE(%) 12.28 24.06 45.02
ROCE(%) 9.69 12.31 18.91
Receivable days 57.57 68.36 101.71
Inventory Days 99.37 87.6 99.17
Payable days 63.87 62.84 76.44
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.28 0.32 0.35
EV/Core EBITDA(x) 9.11 8.84 4.73
Net Sales Growth(%) 0 38.94 0.15
EBIT Growth(%) 0 63.93 110.5
PAT Growth(%) 0 122.72 170.52
EPS Growth(%) 0 122.72 170.52
Debt/Equity(x) 3.5 4.58 3.37
Current Ratio(x) 1.54 1.35 1.57
Quick Ratio(x) 0.6 0.66 0.86
Interest Cover(x) 1.64 2.05 2.92
Total Debt/Mcap(x) 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% — — —
Operating Profit CAGR +100% — — —
PAT CAGR +250% — — —
Share Price CAGR +7% — — —
ROE Average +45% +27% +27% +27%
ROCE Average +19% +14% +14% +14%

Kalahridhaan Trendz Shareholding Pattern

Latest · Sep 2024
100% held
Promoters 68.24 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 31.76 %
# Mar 2024 Sep 2024
Promoter 68.2468.24
FII 00
DII 00
Public 31.7631.76
Others 00
Total 100100

Kalahridhaan Trendz Peer Comparison

Kalahridhaan Trendz Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Kalahridhaan Trendz Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%

Cons

  • Debtor days have increased from 62.84 to 76.44days.
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