Kandagiri Spinng

Is Kandagiri Spinng overvalued or undervalued?

As of April 25, 2023, Kandagiri Spinng is considered overvalued and "risky" due to negative financial ratios, including a PE ratio of -7.73 and an EV to Sales ratio of 13.64, despite a year-to-date stock performance of 26.7% that outpaces the Sensex's 5.59%.

As of 25 April 2023, Kandagiri Spinng has moved from a grade of "does not qualify" to "risky." The company is currently overvalued given its negative financial ratios, including a PE ratio of -7.73, an EV to EBIT of -34.64, and a ROCE of -7.10%. These figures indicate significant financial distress compared to its peers. For instance, K P R Mill Ltd is categorized as "very expensive" with a PE ratio of 47.51, while Trident is "fair" with a PE ratio of 42.6, highlighting Kandagiri's unfavorable position in the market.<BR><BR>In comparison to its peers, Kandagiri's valuation metrics are concerning, particularly with an EV to Sales ratio of 13.64, which is substantially higher than the industry average. The company’s recent stock performance has outpaced the Sensex, with a year-to-date return of 26.7% compared to the Sensex's 5.59%, but this does not mitigate the overall valuation concerns. Given these factors, Kandagiri Spinng is deemed overvalued in the current market environment.

What is the technical trend for Kandagiri Spinng?

As of May 27, 2025, Kandagiri Spinng's technical trend is mildly bullish, supported by bullish MACD and moving averages, despite bearish RSI readings indicating weakening strength.

As of 27 May 2025, the technical trend for Kandagiri Spinng has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is also bullish, indicating positive momentum. However, the weekly and monthly RSI readings are bearish, suggesting weakening strength in the price action. The Bollinger Bands show a mildly bullish stance on the weekly chart and bullish on the monthly, supporting the overall mildly bullish outlook. The daily moving averages are bullish, reinforcing short-term strength. The Dow Theory indicates no trend on the weekly chart but is mildly bullish on the monthly. Overall, the technical stance is mildly bullish, driven primarily by the bullish MACD and moving averages, despite the bearish RSI readings.

Who are in the management team of Kandagiri Spinng?

As of March 2022, the management team of Kandagiri Spinng includes R Selvarajan (Managing Director), S Gnanasekharan (Chairman & Independent Director), J Asifa (Company Secretary & Compliance Officer), A Sarayu (Director), S Elangovan (Independent Director), and S Devarajan (Director). They are responsible for the company's governance and operational oversight.

As of March 2022, the management team of Kandagiri Spinng includes the following individuals:<BR><BR>1. R Selvarajan - Managing Director<BR>2. S Gnanasekharan - Chairman & Independent Director<BR>3. J Asifa - Company Secretary & Compliance Officer<BR>4. A Sarayu - Director<BR>5. S Elangovan - Independent Director<BR>6. S Devarajan - Director<BR><BR>These members play key roles in the governance and operational oversight of the company.

What does Kandagiri Spinng do?

Kandagiri Spinning Mills Ltd is a micro-cap company in the Garments & Apparels industry, specializing in the manufacture of cotton yarns and value-added yarn products. As of December 2024, it reported net sales of 4 Cr and a net loss of 5 Cr, with a market cap of INR 16 Cr.

Overview:<BR>Kandagiri Spinning Mills Ltd is a micro-cap company in the Garments & Apparels industry that manufactures a variety of cotton yarns and value-added yarn products.<BR><BR>History:<BR>Kandagiri Spinning Mills was incorporated in 1976 and is promoted by the Sambandam group. The latest quarterly results reported net sales and profit for the period ending December 2024.<BR><BR>Financial Snapshot:<BR>- Net Sales: 4 Cr (Quarterly Results - Dec 2024)<BR>- Net Profit: -5 Cr (Quarterly Results - Dec 2024)<BR>- Market Cap: INR 16 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 52<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -2.56<BR>- Return on Equity: 37.08%<BR>- Price to Book: -2.30<BR><BR>Contact Details:<BR>Address: Post Box 3 Mill Premises, Udayapatti (PO) Salem Tamil Nadu : 636140<BR>Tel: 91-0427-2244400<BR>Email: sales@kandagirimills.com<BR>Website: http://www.kandagirimills.com

Who are the top shareholders of the Kandagiri Spinng?

The top shareholders of Kandagiri Spinng include R Selvarajan, who holds 20.23%, and H M Textiles Private Limited, with 2.34%. Individual investors own 28.86% of the shares, with no pledged promoter holdings or investments from mutual funds or foreign institutional investors.

The top shareholders of Kandagiri Spinng include the promoters, who are the majority shareholders. The promoter with the highest holding is R Selvarajan, owning 20.23% of the company. Additionally, H M Textiles Private Limited is the highest public shareholder, holding 2.34%. Individual investors collectively hold 28.86% of the shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares.

Are Kandagiri Spinng latest results good or bad?

Kandagiri Spinning Mills' latest results are concerning, with a 32.61% drop in net sales and a 307.14% decrease in net profit, despite some improvement in operational efficiency. Overall, the financial outlook is challenging, leading to a 'Sell' recommendation from MarketsMOJO.

Kandagiri Spinning Mills' latest financial results indicate a challenging situation for the company. The performance for the third quarter of FY24-25 was flat, with a slight improvement in its overall score from -3 to -1, suggesting some stabilization. However, the quarterly results for June 2025 show significant declines, with net sales dropping by 32.61% and a staggering net profit decrease of 307.14% compared to the previous quarter.<BR><BR>On a positive note, the Debtors Turnover Ratio has improved to 2.74 times, reflecting better efficiency in managing receivables. This is a good sign in terms of operational management. Nevertheless, the overall financial metrics point to a difficult period, and the stock has received a 'Sell' recommendation from MarketsMOJO, indicating a cautious outlook.<BR><BR>In summary, while there are some positive operational indicators, the substantial declines in sales and profit suggest that Kandagiri Spinning Mills is currently facing significant challenges.

How has been the historical performance of Kandagiri Spinng?

Kandagiri Spinng has experienced a significant decline in financial health from 2019 to 2024, with total liabilities and assets both decreasing to Rs 14.81 crore, negative shareholder equity, and consistent losses, including a profit before tax of Rs -1.00 crore in March 2024. The company's ongoing operational challenges are reflected in negative cash flow and a consistently negative book value per share since March 2021.

Answer:<BR>The historical performance of Kandagiri Spinng shows a trend of declining financial health over the years, with significant losses and negative equity.<BR><BR>Breakdown:<BR>Kandagiri Spinng's financial performance has deteriorated significantly from 2019 to 2024. The company's total liabilities decreased from Rs 77.34 crore in March 2019 to Rs 14.81 crore in March 2024, while total assets also fell from Rs 77.34 crore to Rs 14.81 crore during the same period. Shareholder's funds turned negative, dropping from Rs 5.72 crore in March 2019 to Rs -6.38 crore in March 2024. The company reported a profit before tax of Rs -1.00 crore in March 2024, following a pattern of losses in previous years, including Rs -10.00 crore in March 2020 and Rs -18.00 crore in March 2019. Cash flow from operating activities has also been negative, with Rs -1.00 crore in March 2024, indicating ongoing operational challenges. The book value per share adjusted has consistently been negative since March 2021, reflecting the company's declining equity position. Overall, Kandagiri Spinng has faced significant financial difficulties, with increasing debt and negative reserves impacting its stability.

When is the next results date for Kandagiri Spinng?

Kandagiri Spinng will declare its results on 30 October 2025.

Kandagiri Spinng will declare its results on 30 October 2025.

Should I buy, sell or hold Kandagiri Spinning Mills Ltd?

Why is Kandagiri Spinning Mills Ltd falling/rising?

As of 16-Mar, Kandagiri Spinning Mills Ltd's stock price is declining, currently at Rs 42.68, reflecting a 4.99% drop. The stock has underperformed its sector and benchmark, showing erratic trading patterns and a negative overall trend year-to-date.

As of 16-Mar, Kandagiri Spinning Mills Ltd's stock price is falling, currently at Rs 42.68, which reflects a decrease of Rs 2.24 or 4.99%. This decline is evident in today's performance, where the stock opened with a loss of 4.99% and has not traded above this price throughout the day. Additionally, the stock has underperformed its sector by 3.64%. <BR><BR>Over the past week, the stock has decreased by 4.99%, while the benchmark Sensex has only fallen by 2.66%, indicating a relative weakness in Kandagiri Spinning Mills Ltd's performance. Furthermore, the stock has shown erratic trading patterns, not trading on 5 out of the last 20 days, which may contribute to investor uncertainty. <BR><BR>Despite a notable increase in delivery volume by 356.81% compared to the 5-day average, the overall trend remains negative, with the stock down 7.76% year-to-date, compared to a 11.40% decline in the Sensex. The stock's moving averages indicate that it is performing lower than the 20-day moving average, despite being higher than the 5, 50, 100, and 200-day moving averages. This suggests a short-term weakness in price momentum. <BR><BR>In summary, the combination of poor daily performance, relative underperformance against the sector and benchmark, erratic trading, and negative price trends contribute to the falling stock price of Kandagiri Spinning Mills Ltd.

Which are the latest news on Kandagiri Spinng?