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Kisan Mouldings

₹86.5 4.1 | 5%

Market Cap ₹1033 Cr.

Stock P/E -47.0

P/B 5.1

Current Price ₹86.5

Book Value ₹ 17

Face Value 10

52W High ₹93.5

Dividend Yield 0%

52W Low ₹ 7.6

Kisan Mouldings Research see more...

Overview Inc. Year: 1989Industry: Plastic Products

Kisan Mouldings Limited is one of India’s largest plastics processing companies, known for its innovative approach in the manufacturing industry. With a processing capacity of 90,000 metric tonnes of polymer, Kisan Mouldings offers a comprehensive range of PVC products that includes CPVC plumbing systems, UPVC plumbing systems, composite piping systems, SWR drainage systems, irrigation systems, rainwater systems, pipes, fittings, furniture, solvent cement and rubber lubricants. They are also involved in infra development, creating high-quality sewerage systems for expanding cities in India. The company was promoted by Ramesh J Aggarwal and Satish J Aggarwal, and the key promoters now include Sanjeev Aggarwal, Vijay Jagannath Aggarwal, Amit Vijay Aggarwal, Rishav S. Aggarwal, Nishi Sanjeev Aggarwal, Ashok J. Aggarwal, Neerav Sanjeev Aggarwal, and Rekha S. Aggarwal. These individuals have been instrumental in guiding the company’s strategic direction and growth.

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Kisan Mouldings Share Price

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Kisan Mouldings Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 72 100 67 56 67 82 81 61 66 59
Other Income 0 3 1 0 0 1 1 1 2 2
Total Income 73 102 68 57 67 83 82 62 68 61
Total Expenditure 88 126 74 63 74 84 81 62 77 73
Operating Profit -15 -24 -6 -6 -7 -1 1 0 -8 -11
Interest 9 5 7 7 7 7 6 7 6 -17
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 86
Profit Before Tax -26 -31 -15 -14 -16 -10 -7 -8 -17 90
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -26 -31 -15 -14 -16 -10 -7 -8 -17 90
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments -26 -31 -15 -14 -16 -10 -7 -8 -17 90
Adjusted Earnings Per Share -7.7 -9.2 -4.4 -4.2 -4.6 -2.9 -2.1 -2.4 -4.9 7.5

Kisan Mouldings Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 464 480 559 534 248 210 307 273 267
Other Income 4 2 5 1 7 2 4 2 6
Total Income 469 482 565 535 255 212 311 275 273
Total Expenditure 437 444 518 504 268 219 357 295 293
Operating Profit 32 37 47 31 -13 -7 -46 -19 -18
Interest 37 38 36 33 32 30 30 27 2
Depreciation 15 12 14 14 12 11 9 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 86
Profit Before Tax -20 -13 -3 -16 -57 -48 -85 -55 58
Provision for Tax -4 -12 -4 -6 -15 -1 0 0 0
Profit After Tax -15 -1 0 -10 -42 -47 -85 -55 58
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments -15 -1 0 -10 -42 -47 -85 -55 58
Adjusted Earnings Per Share -7.5 -0.3 0.1 -2.9 -12.4 -13.9 -25.1 -16.1 -1.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 3% -13% 0%
Operating Profit CAGR 0% 0% NAN% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 802% 77% 20% 18%
ROE Average 0% -102% -68% -47%
ROCE Average -13% -13% -9% -3%

Kisan Mouldings Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 42 115 174 165 123 76 -9 -64
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 112 95 77 64 35 16 3 3
Other Non-Current Liabilities 9 -8 -12 -17 -33 -33 -33 -34
Total Current Liabilities 276 295 348 328 318 333 342 354
Total Liabilities 438 497 587 540 443 391 302 258
Fixed Assets 117 173 171 153 126 117 109 102
Other Non-Current Assets 18 6 9 6 8 5 5 5
Total Current Assets 303 319 408 382 309 270 188 151
Total Assets 438 497 587 540 443 391 302 258

Kisan Mouldings Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 11 5 2 4 4 1 7 2
Cash Flow from Operating Activities 49 38 7 45 25 5 33 12
Cash Flow from Investing Activities -11 -18 -11 -5 25 6 -1 -0
Cash Flow from Financing Activities -36 -23 5 -40 -53 -6 -37 -14
Net Cash Inflow / Outflow 3 -3 2 1 -3 6 -5 -1
Closing Cash & Cash Equivalent 14 2 4 4 1 7 2 0

Kisan Mouldings Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -7.54 -0.3 0.13 -2.86 -12.43 -13.94 -25.13 -16.1
CEPS(Rs) -0.39 3.89 4.3 1.25 -9.03 -10.81 -22.52 -13.73
DPS(Rs) 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 20.51 39.84 51.48 48.65 36.31 22.3 -2.75 -18.76
Core EBITDA Margin(%) 5.36 6.66 7.31 5.55 -8.27 -4.43 -16.33 -7.89
EBIT Margin(%) 3.39 4.74 5.76 3.17 -10.05 -8.43 -17.99 -9.92
Pre Tax Margin(%) -3.84 -2.45 -0.56 -2.94 -22.87 -22.8 -27.7 -19.97
PAT Margin (%) -2.97 -0.16 0.08 -1.81 -17 -22.49 -27.7 -19.97
Cash Profit Margin (%) -0.15 2.12 2.56 0.79 -12.34 -17.45 -24.83 -17.03
ROA(%) -3.5 -0.18 0.08 -1.72 -8.56 -11.31 -24.53 -19.45
ROE(%) -36.74 -1.1 0.3 -5.71 -29.26 -47.55 -257.03 0
ROCE(%) 6.36 8.09 8.89 4.44 -7.4 -5.86 -21.14 -13.46
Receivable days 93.61 88.93 92.55 105.7 176.24 142.92 84.31 85.77
Inventory Days 99.36 99.15 110.47 129.08 255.07 280.18 146.22 104.98
Payable days 59.96 84.28 116.9 136.14 240.44 213.99 73.76 85.32
PER(x) 0 0 1216.89 0 0 0 0 0
Price/Book(x) 1.09 2.22 2.98 0.93 0.2 0.75 -4.07 -0.34
Dividend Yield(%) 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.57 0.99 1.29 0.65 0.78 1.3 0.86 0.97
EV/Core EBITDA(x) 8.28 12.75 15.39 11.2 -14.49 -38.46 -5.67 -13.91
Net Sales Growth(%) 0 3.28 16.6 -4.58 -53.6 -15.25 46.36 -11.13
EBIT Growth(%) 0 43.3 30.38 -48.32 -247.22 28.96 -212.47 51.02
PAT Growth(%) 0 94.38 149.62 -2367.6 -334.62 -12.12 -80.3 35.94
EPS Growth(%) 0 96.04 142.29 -2368.04 -334.63 -12.12 -80.3 35.94
Debt/Equity(x) 5.61 2 1.24 1.26 1.45 3 -24.67 -3.86
Current Ratio(x) 1.1 1.08 1.17 1.16 0.97 0.81 0.55 0.43
Quick Ratio(x) 0.59 0.58 0.61 0.61 0.45 0.34 0.29 0.24
Interest Cover(x) 0.47 0.66 0.91 0.52 -0.78 -0.59 -1.85 -0.99
Total Debt/Mcap(x) 5.12 0.9 0.42 1.35 7.33 4.01 6.06 11.35

Kisan Mouldings Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73 43.73
FII 0.4 0.48 0.48 0.48 0.48 0.48 0.48 0.48 0.48 0.48
DII 0 0 0 0 0 0 0 0 0 0
Public 55.87 55.79 55.79 55.79 55.79 55.79 55.79 55.79 55.79 55.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.73%.
  • Company has a low return on equity of -102% over the last 3 years.
  • Debtor days have increased from 73.76 to 85.32days.
  • Stock is trading at 5.1 times its book value.

* 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.

Kisan Mouldings News

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