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KAMA HOLDINGS 2021-22 Annual Report Analysis
Fri, 2 Sep

KAMA HOLDINGS has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

KAMA HOLDINGS Income Statement Analysis

  • Operating income during the year rose 47.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 44.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 25.1% in FY22 as against 25.6% in FY21.
  • Depreciation charges increased by 14.3% and finance costs decreased by 13.2% YoY, respectively.
  • Other income grew by 165.2% YoY.
  • Net profit for the year grew by 57.8% YoY.
  • Net profit margins during the year grew from 14.1% in FY21 to 15.1% in FY22.

KAMA HOLDINGS Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 84,676 125,024 47.7%
Other income Rs m 324 858 165.2%
Total Revenues Rs m 84,999 125,882 48.1%
Gross profit Rs m 21,657 31,379 44.9%
Depreciation Rs m 4,509 5,152 14.3%
Interest Rs m 1,329 1,154 -13.2%
Profit before tax Rs m 16,143 25,931 60.6%
Tax Rs m 4,176 7,043 68.6%
Profit after tax Rs m 11,966 18,889 57.8%
Gross profit margin % 25.6 25.1
Effective tax rate % 25.9 27.2
Net profit margin % 14.1 15.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

KAMA HOLDINGS Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 38 billion as compared to Rs 30 billion in FY21, thereby witnessing an increase of 29.4%.
  • Long-term debt down at Rs 27 billion as compared to Rs 27 billion during FY21, a fall of 0.9%.
  • Current assets rose 35% and stood at Rs 53 billion, while fixed assets rose 17% and stood at Rs 109 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 162 billion as against Rs 133 billion during FY21, thereby witnessing a growth of 22%.

KAMA HOLDINGS Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 37,549 48,342 28.7
 
Current Liabilities Rs m 29,666 38,374 29.4
Long-term Debt Rs m 27,369 27,109 -0.9
Total Liabilities Rs m 132,604 161,980 22.2
 
Current assets Rs m 38,977 52,641 35.1
Fixed Assets Rs m 93,627 109,339 16.8
Total Assets Rs m 132,604 161,980 22.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



KAMA HOLDINGS Cash Flow Statement Analysis

  • KAMA HOLDINGS's cash flow from operating activities (CFO) during FY22 stood at Rs 21 billion, an improvement of 18.0% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -16 billion, an improvement of 5.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 3 billion from the Rs 967 million net cash flows seen during FY21.

KAMA HOLDINGS Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 18,070 21,326 18.0%
Cash Flow from Investing Activities Rs m -15,295 -16,169 -
Cash Flow from Financing Activities Rs m -1,818 -2,047 -
Net Cash Flow Rs m 967 3,125 223.2%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for KAMA HOLDINGS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2,928.5, an improvement from the EPS of Rs 1,855.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 13,498.0, stands at 4.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.8 times, while the price to sales ratio stands at 0.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 2.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 13,128.0 19,383.6
TTM Earnings per share Rs 1,855.2 2,928.5
Diluted earnings per share Rs 1,854.5 2,927.3
Price to Cash Flow x 2.4 2.5
TTM P/E ratio x 3.3 4.1
Price / Book Value ratio x 0.9 1.2
Market Cap Rs m 33,699 59,655
Dividends per share (Unadj.) Rs 108.0 162.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for KAMA HOLDINGS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.4x during FY22, from 1.3x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 23.5x during FY22, from 13.1x during FY21. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 39.1% during FY22, from 31.9% during FY22. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 35.9% during FY22, from 26.9% during FY21. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 12.4% during FY22, from 10.0% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 1.3 1.4
Debtors’ Days Days 551 524
Interest coverage x 13.1 23.5
Debt to equity ratio x 0.7 0.6
Return on assets % 10.0 12.4
Return on equity % 31.9 39.1
Return on capital employed % 26.9 35.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how KAMA HOLDINGS has performed over the last 5 years, please visit here.

KAMA HOLDINGS Share Price Performance

Over the last one year, KAMA HOLDINGS share price has moved up from Rs 10,713.8 to Rs 13,498.0, registering a gain of Rs 2,784.2 or around 26.0%.

Overall, the S&P BSE SENSEX is up 3.4% over the year.

(To know more, check out historical annual results for KAMA HOLDINGS and quarterly results for KAMA HOLDINGS)

Annual Report FAQs

What is the current share price of KAMA HOLDINGS?

KAMA HOLDINGS currently trades at Rs 2,616.0 per share. You can check out the latest share price performance of KAMA HOLDINGS here...

What was the revenue of KAMA HOLDINGS in FY22? How does it compare to earlier years?

The revenues of KAMA HOLDINGS stood at Rs 125,882 m in FY22, which was up 48.1% compared to Rs 84,999 m reported in FY21.

KAMA HOLDINGS' revenue has grown from Rs 56,602 m in FY18 to Rs 125,882 m in FY22.

Over the past 5 years, the revenue of KAMA HOLDINGS has grown at a CAGR of 22.1%.

What was the net profit of KAMA HOLDINGS in FY22? How does it compare to earlier years?

The net profit of KAMA HOLDINGS stood at Rs 18,889 m in FY22, which was up 57.8% compared to Rs 11,966 m reported in FY21.

This compares to a net profit of Rs 10,166 m in FY20 and a net profit of Rs 6,466 m in FY19.

Over the past 5 years, KAMA HOLDINGS net profit has grown at a CAGR of 42.5%.

What does the cash flow statement of KAMA HOLDINGS reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of KAMA HOLDINGS reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 21,326 m as compared to Rs 18,070 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -16,169 m as compared to Rs -15,295 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -2,047 m as compared to Rs -1,818 m in FY21.

Here's the cash flow statement of KAMA HOLDINGS for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations7,0639,03812,91918,07021,326
From Investments-12,893-10,433-11,905-15,295-16,169
From Financial Activity5,7522,664-1,770-1,818-2,047
Net Cashflow-781,021-7409673,125

What does the Key Ratio analysis of KAMA HOLDINGS reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of KAMA HOLDINGS reveals:

  • Operating profit margins witnessed a fall and stood at 25.1% in FY22 as against 25.6% in FY21.
  • Net profit margins grew from 14.1% in FY21 to 15.1% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.6 as compared to 0.7 in FY21.

Here's the ratio/financial analysis of KAMA HOLDINGS for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)16.617.718.725.625.1
Net Profit Margin (%)8.38.313.614.115.1
Debt to Equity Ratio (x)1.01.11.00.70.6

Read: Latest Annual Report Analysis of KAMA HOLDINGS

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