BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
KPR Mill Ltd. is among select vertically integrated textile players in India (from fibre to fashion) that has displayed consistent revenue growth and positive operating margin trajectory with strong return ratios.
The strength of its integrated model is visible in its FY12-20 financial performance with revenue, proft after tax compound annual growth rate of 13%, 35%, respectively, average Ebitda margin of approximately 18%, average return on capital employed of 15% plus.
The Company has transformed itself from a commoditised yarn player (capacity: 104000 tonnes) to -added garment manufacturer and is currently among largest garment manufacturers in India (capacity: 115 million pieces).
It has a healthy balance sheet with debt to equity ratio comfortably placed at 0.4 times.
KPR Mill through its strong promoter pedigree and long standing relationship with marque clients is expected to tide over the situation better than small peers.
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