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K P R Mill Ltd share Price Today

Company details

806.90
848.00
551.50
928.15
6M Return 2.90%
1Y Return 37.89%
Mkt Cap.(Cr) 28,850.81
Volume 283,342
Div Yield 0.25%
OI
-
OI Chg %
-
Volume 283,342

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Garmenting division continues to scale new highs
About The Stock

    : KPR Mill is among select vertically integrated textile players in India (from yarn to garments) that has displayed consistent revenue growth and positive operating margin trajectory with strong return ratios.

    • It is          one of India’s largest knitted garment manufacturer with total capacity of 157 million pieces (post expansion)
    • Over the years, it has consistently maintained ~18-20% margins with average RoCE of ~20% and D/E ratio of 0.4x
Q4FY22 result review

    Garmenting division reported record high volumes in Q4FY22, driven by capacity expansion and sales of previous quarter stock, which was not delivered in Q3FY22 due to lack of availability of container

    • Revenue for the quarter grew 30% YoY (15% QoQ) to ₹ 1449.9 crore. Revenue from textile division grew 34% YoY to ₹ 1207 crore while revenue from sugar division increased 13% YoY to ₹ 223 crore
    • Gross margins contracted 292 bps QoQ to 40.9% mainly on account of higher cotton prices (up 21% to ₹ 225/kg)
    • EBITDA margins contracted 100 bps QoQ to 23.2% with absolute EBITDA increasing 10% QoQ to ₹ 336.1 crore

    KPR in the previous quarter had commissioned its garmenting facility (42 million pieces) and has robust order book of ₹ 900 crore

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Textile company KPR Mill announced Q2FY23 results:

  • H1FY23:
    • H1FY23 revenue is up by 31.48% YoY to Rs 2,845.48 crore from Rs 2,164,16 crore
    • H1FY23 EBITDA is up by 15.66% YoY to Rs 726.13 crore from Rs 627.83 crore
    • H1FY23 PBT is up by 6.74% YoY to Rs 590.09 crore from Rs 552.82 crore
    • H1FY23 PAT is up by 4.80% YoY to Rs 429.98 crore from Rs 410.29 crore 
    • H1FY23 garments production is up by 13.29% YoY to 65.37 million garments from 57.70 million 

 

Result PDF

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K P R Mill Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Company with Zero Promoter Pledge

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Decline in Net Profit (QoQ)

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 859.1
R2 874.1
R3 900.2
Pivot

832.98

S1 818.0
S2 791.9
S3 776.9
EMA SMA
820.9
802.3
788.3
753.7
824.7
786.4
797.5
760.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
K P R DEVELOPERS LIMITED Bulk Sell 2023-08-10 634 1800000 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-17 565.85 217437 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-17 565.85 29520 BSE
Name Category Shares
K P RAMASAMY PROMOTER 21.37%
KPD SIGAMANI PROMOTER 21.37%
P NATARAJ PROMOTER 21.37%
JAYANTHI N PROMOTER 2.47%
PARVATHI K R PROMOTER 2.47%
RADHAMANI D PROMOTER 2.47%
K P R DEVELOPERS LIMITED PROMOTER 1.45%

OUR RESEARCH VIEW

Investment recommendation
Garmenting division continues to scale new highs
Call Date
29 Apr 2022
Entry Price 656.00
Target Price 815.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

K P R Mill Ltd Stocks COMPARISON

Financials( in Cr) K P R Mill Ltd Page Industries Ltd Gokaldas Exports Ltd Kewal Kiran Clothing Ltd Dollar Industries Ltd
Price 844.05 35,391.40 809.40 695.50 542.75
% Change 1.39 0.10 0.20 -1.53 1.74
Mcap Cr 28,850.81 39,475.57 5,130.22 4,286.02 3,078.26
Revenue TTM Cr 6,208.06 4,788.64 2,222.20 779.45 1,393.83
Net Profit TTM Cr 814.10 571.25 172.97 119.02 52.45
PE TTM 36.00 73.09 38.35 28.96 53.43
1 Year Return 37.89 -8.13 121.84 65.14 54.12
ROCE 26.10 53.56 21.20 27.84 9.10
ROE 22.66 46.45 19.58 23.22 7.61
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,706.69 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 24,289.49 -9,580.22
LAST 3M 82,644.28 34,986.47
LAST 6M 142,142.07 66,572.41
LAST 12M 216,755.16 194,314.28

K P R Mill Ltd Information

Stock PE (TTM)
36
Promoter Holding
73.76%
Book Value
118.281
ROCE
26.1%
ROE
22.66%
Description
  • KPR Mill Ltd. is a vertically integrated company with a diversified business focus spanning fabrics, yarn, garments, and white crystal sugar. It manufactures an impressive product range of textile varieties, including readymade knitted apparel; compact, carded, combed, polyester, and melange yarn; and fabrics. It was incorporated in 2003 with its headquarters in Coimbatore, Tamil Nadu. The company reported a total income of Rs HYPERLINK "https://economictimes.indiatimes.com/kpr-mill-ltd/stocks/companyid-20138.cms" 1,604.97 crore for the quarter ended in June 2022. It was up 9.83% from the previous quarter ended in March 2022. On 29 August 2022, KPR Mill Ltd.’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/textiles-readymade-apparels/kprmill/M15" 20,604 crore.  

    The company is listed on the Bombay Stock Exchange with the code 532889 and on the National Stock Exchange with the code KPRMILL. It is also listed on the MCX Stock Exchange.  

    KPR Mill Ltd. has an integrated setup for diverse processes, including spinning, knitting, processing, sewing, and power. It has world-class production facilities in Coimbatore, Tirupur, and Sathyamangalam in Tamil Nadu. The company’s product portfolio includes knitted garments for men, women, and children. These garments are made using cotton, cotton blends, organic cotton, and fair-trade cotton.  

    On 30 June 2022, the company’s shareholding pattern comprised a 74.78% promoter stake, a 3.74% foreign institutional investor stake, a 13.16% domestic institutional investor stake, and an 8.32% public stake. The promoters, Mr K P Ramasamy, Mr P Nataraj, and Mr KPD Sigamani, have a 21.37% share each. During the June 2022 quarter, promoter holdings increased from 74.72% to 74.78%, mutual fund holdings increased from 11.98% to 12.99%, and FII holdings decreased from 4.33% to 3.74%.  

    KPR Mill Ltd.’s leadership team includes Mr K P Ramasamy, Mr K P D Sigamani, Mr P Nataraj, Mr C R Anandkrishnan, Mr G P Muniappan, Mr A M Palanisamy, and Mr C Thirumurthy. The auditors of the company are BSR & Co. LLP.  

    On 29 August 2022, KPR Mill Ltd.’s share price closed at Rs 608 on BSE and at Rs 602.80 on NSE. KPR Mill Ltd.’s 52-week high share price was Rs 769, and the 52-week low for the company’s share price was Rs 341. KPR Mill Ltd.’s share gave investors a one-year return of 75.14%.  

    The company’s peers include Trident Ltd., Alok Industries Ltd., Welspun India Ltd., and Page Industries Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

No 9 Gokul Buildings 1st Floor, AKS Nagar Thadagam Road, Coimbatore, Tamil Nadu, 641001

Tel : 91-0422-2478090
Email : corporate:kprmill.com
Website : http://www.kprmilllimited.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532889
NSE Code : KPRMILL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE930H01031

FAQ’s on K P R Mill Ltd Shares

You can buy K P R Mill Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy K P R Mill Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:53 PM the closing price of K P R Mill Ltd was ₹ 844.05.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:53 PM, the market cap of K P R Mill Ltd stood at ₹ 28,850.81.

The latest PE ratio of K P R Mill Ltd as of Apr 19, 2024 03:53 PM is 36

The latest PB ratio of K P R Mill Ltd as of Apr 19, 2024 03:53 PM is 0.14

The 52-week high of K P R Mill Ltd share price is ₹ 928.15 while the 52-week low is ₹ 551.50

According to analyst recommendations, K P R Mill Ltd Share has a “Buy” rating for the long term.

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