kewal kiran clothing limited - ICRA

ICRA Equity Research Service
Kewal Kiran Clothing Limited
ANNEXURES
Kewal Kiran Clothing Limited – P&L Estimates (Consolidated)
Rs. Crore FY10a FY11a FY12e FY13e FY14e
Net sales 175.3 235.3 305.0 386.4 470.0
Other related income 0.6 1.2 1.5 1.9 2.3
Operating Income (OI) 175.9 236.5 306.5 388.3 472.3
Growth Rate (%) 21.0% 34.4% 29.6% 26.7% 21.6%
EBITDA 48.1 68.9 74.0 97.6 116.3
Depreciation 5.8 5.9 6.5 7.5 9.0
EBIT 42.2 63.0 67.5 90.1 107.3
Interest expenses 2.3 2.1 2.5 2.2 2.2
Other income/expense 8.9 8.3 11.8 11.9 11.4
PBT (before extraordinary) 48.7 69.3 76.8 99.8 116.6
Extraordinary Gain/Loss 0.0 0.0 0.0 0.0 0.0
PAT 32.5 46.2 51.3 66.6 77.8
No of shares 12,325,037 12,325,037 12,325,037 12,325,037 12,325,037
DPS 85.5 40.8 16.0 20.8 24.3
EPS 26.4 37.5 41.6 54.0 63.1
CEPS 31.1 42.3 46.9 60.1 70.4
Kewal Kiran Clothing Limited – Balance Sheet Estimates (Consolidated)
Rs. Crore FY10a FY11a FY12e FY13e FY14e
Net worth 175.2 197.8 226.0 262.6 305.4
Minority interest 0.0 - - - 0.0
Total Debt 15.8 5.6 11.0 11.0 11.0
Non-Operating Non Current Liability 0.0 0.0 0.0 0.0 0.0
Deferred Tax Liability (1.7) (1.6) (1.6) (1.6) (1.6)
Trade Creditors 16.0 18.2 22.8 28.5 35.0
Other Current Liabilities and Prov. 13.8 30.3 43.8 56.2 67.0
Total liabilities 219.2 250.2 302.0 356.7 416.7
Net Fixed Assets 40.0 40.6 43.1 49.6 59.6
Capital Work in Progress 2.7 2.1 2.1 2.1 2.1
Total Net Fixed Assets 42.7 42.7 45.3 51.8 61.8
Total Long-Term Investments 32.9 26.8 26.8 26.8 26.8
Cash and Bank Balances 80.2 95.3 114.1 129.6 143.7
Receivables (incl. bills discounted) 24.1 29.8 43.6 60.7 80.5
Inventories 21.8 36.8 48.0 57.1 66.4
Loans & Advances 1.4 2.0 2.6 3.3 4.0
Other Current Assets 16.0 16.7 21.6 27.4 33.3
Total Current Assets 143.5 180.7 229.9 278.1 328.0
Total Assets 219.2 250.2 302.0 356.7 416.7
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