Author Topic: KML -- Kohinoor Mills Limited  (Read 13537 times)

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Offline Valueestimator

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Re: KML -- Kohinoor Mills Limited
« Sticky post on: November 01, 2016, 08:26:36 PM »
AGIC UNIC AICL KML FASM BTL JDMT

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Re: KML -- Kohinoor Mills Limited
« Reply #-1 on: November 01, 2016, 08:26:36 PM »

Offline SBM

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KML -- Kohinoor Mills Limited
« on: October 09, 2013, 06:24:44 PM »
All about Kohinoor Mills Limited

http://www.kohinoormills.com/index.php

Financials
« Last Edit: December 13, 2013, 03:26:28 PM by SBM »
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Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #1 on: October 09, 2013, 06:28:10 PM »
Kohinoor Mills Limited
(KML)   October 18th, 2012
10:11:35 AM   FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 70.669
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 52.117
EPS = 1.02

Kohinoor Mills Limited
(KML)   October 18th, 2012
10:11:53 AM   FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012
(CONSOLIDATED)PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 70.594
(CONSOLIDATED)PROFIT/LOSS AFTER TAXATION RS. IN MILLION 52.117
EPS = 1.02

Kohinoor Mills Limited
(KML)   February 22nd, 2013
09:56:06 AM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2012
(CONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 949.041
(CONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 897.980
EPS = 17.64

Kohinoor Mills Limited
(KML)   February 22nd, 2013
09:57:50 AM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2012
(UNCONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 936.031
(UNCONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 897.980
EPS = 17.64

Kohinoor Mills Limited
(KML)   April 23rd, 2013
10:21:49 AM   FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2013
(UNCONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,112.852
(UNCONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 1,056.646
EPS = 20.75

Kohinoor Mills Limited
(KML)   April 23rd, 2013
10:23:36 AM   FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2013
(CONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,125.861
(CONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 1,056.646
EPS = 20.75

Kohinoor Mills Limited
(KML)   September 27th, 2013
09:35:04 AM   FINANCIAL RESULT FOR THE YEAR ENDED 30/06/2013
(UNCONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,087.211
(UNCONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 1,008.666
(UNCONSOLIDATED) EPS = 19.81
(CONSOLIDATED) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 1,100.485
(CONSOLIDATED) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 1,008.666
(CONSOLIDATED) EPS = 19.81
ANNUAL GENERAL MEETING WILL BE HELD ON 31/10/2013
BOOK CLOSURE FROM 24/10/2013
BOOK CLOSURE TO 31/10/2013
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Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #2 on: October 09, 2013, 06:33:50 PM »
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Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #3 on: October 09, 2013, 06:36:36 PM »
From annual accounts

"In view of the worsening gas and electricity supply situation in the country in the long run, the management
is earnestly considering various alternate-fuel based energy options. The company finalized the order
for bio-fuel based boiler during the year, which is expected to be operational by October 2013. The
management is further exploring different options for alternate-fuel fired power generation"
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Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #4 on: October 09, 2013, 06:49:45 PM »
"The current order book of the company is healthy
and it has confirmed orders up to December 2013 at full capacity. Therefore, the management is confident
that the company shall be able to build on its performance, going forward."

hmm
q4 was a small loss

with 87% sales as exports, company can benefit much from rupee depreciation

this year company has sold off assets to reduce liabilities and booked big gain which has helped show company profit

going forward it has to keep financial charges in check
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Re: KML -- Kohinoor Mills Limited
« Reply #5 on: December 13, 2013, 03:25:04 PM »
isko koi forum par nahi pooch raha  :skeptic:

its also decent sized mill imho
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Offline Nousherwan

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Re: KML -- Kohinoor Mills Limited
« Reply #6 on: December 13, 2013, 04:55:42 PM »
87% sales as export is an impressive figure.



"The current order book of the company is healthy
and it has confirmed orders up to December 2013 at full capacity. Therefore, the management is confident
that the company shall be able to build on its performance, going forward."

hmm
q4 was a small loss

with 87% sales as exports, company can benefit much from rupee depreciation

this year company has sold off assets to reduce liabilities and booked big gain which has helped show company profit

going forward it has to keep financial charges in check

Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #7 on: December 13, 2013, 05:35:05 PM »
leverage bohat ziada hai ..
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Offline MZ

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Re: KML -- Kohinoor Mills Limited
« Reply #8 on: January 15, 2014, 01:33:32 PM »
KOHINOOR MILLS LIMITED ‘A complete turnaround package’

Synopsis:

With the initiation of duty-free trade with EU while China deciding to maintain import policy, a considerable boost to Pakistan’s textile industry is expected from increased exports in coming terms. We have been providing coverage on several companies that appear to be favorable, having the ability to benefit greatly from increased prospects of trade.

In this report we would like to feature Kohinoor Mills Limited (KML) which has been able to successfully upgrade overall operational performance over the past two years. The company boasts an impressive sales mix with exports constituting 86% of total sales while holding a commendable market share 0.56% of industry exports. Timely enhancement of working capital will allow the company to fully realize earning potential from increased exporting activities in coming terms.

Possibility of rewards:

As the company has been through a rough operational period and suffered significant losses during FY08-FY11, even though the company has recovered well since then and performance in FY12 and FY13 have been strong the management has decided on not issue dividend and instead focus on rebuilding working capital. As prospects for FY14 appear to be strong and heightened profitability can be expected, we expect the company to issue a dividend of 15%-20% to keep investors interested.

Company Outlook:

The company is rigorously focusing on marketing efforts with an agenda for market development and penetration with product development in niche products for famous brands and technical textiles. With enhanced GPM and strong core operations we believe KML is well positioned to benefit from Duty Free trading with EU, taking in account the company’s export sales mix leaning towards exports, along with strong prospects of exports to China. It may be important to note that the company was able to achieve high profits in FY13 on account of gain on the recognition of financial liabilities, possibly cotton yarn for exports to China. Based on recent turnaround story during last couple of years we except, the share price has potential to attract investors’ attention and may appreciate towards its real value, revealing an upside potential of 145% to chase its Target Value of PKR45. Buy

Pearl Research

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Offline MZ

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Re: KML -- Kohinoor Mills Limited
« Reply #10 on: April 03, 2014, 07:43:44 AM »
Kohinoor Mills Limited (KML) is one of the most evolving and profitable textile organisations in Pakistan. Incorporated in 1987 as a small weaving mill, today Kohinoor Mills has an annual turnover of over Rs 8 billion, and employs over 1,400 employees. It largely undertakes three major businesses; weaving, dyeing and power generation. Its products range from greige fabric to processed fabric.

The company features a striking sales mix with exports constituting 86% of total sales while holding a commendable market share 0.56 percent of industry exports. It intends to bring together outstanding knowledge of customer needs with leading edge technology platforms to provide superior value to its customers and stakeholders.

PERFORMANCE FOR 1H FY14 The year 2013 was marred by uncertainty as mixed trends on the macro-economic front allowed the textile sector to witness a mediocre growth at best. For Kohinoor Mills, the year brought around a contraction in top line revenues as the dismal second half of the year weighed on the company's operations.

During the half-year ended December 31, 2013, KML achieved sales of Rs 4,012 million compared to sales of Rs 4,139 million for the corresponding period of previous financial year 2012-13, a decline of 4.9 percent year on year, respectively. This is due to heavy competition from China and other emerging markets which continue to put downward pressure on the sales and margins.

Stiff management control of cost of sales (decline of 3.7% YoY) allowed for better gross margin of 16.4 percent. Operating profit margin was at 8.2 percent compared to 8.3 percent in the subsequent period of last year which is significant, as a result of optimal capacity utilisation and better fixed cost coverage. During the period under review, the company recorded a net profit of Rs 123 million, compared to net profit of Rs 898 million, down by 86.3 percent year on year in the corresponding period owing to escalating raw material (yarn) prices and severe electricity and gas load shedding.

The biggest difference to the bottom line was made by insignificant contribution from other income. KML had recorded other income over Rs 1 billion during 1H FY13, which was more of a one-off event. The other income came back to normalcy during the period under review, hence the dip in bottom line.

Attrition in fixed asset turnover in 1H FY2014 of 1.12 and total asset turnover of 0.65 is attributed to underutilization of the capacities due to increased power shutdowns. The earning per share was Rs 2.41 compared to Rs 17.64 for the same period in previous financial year. Moreover, KML, upon finalisation of its debt restructuring, recorded Rs 824 million as one time gain on recognition of financial liabilities at fair value under IAS 39.

FUTURE OUTLOOK Keeping in view a difficult macro-economic scenario, crippling power and gas shortages, rising fuel prices and increasing competition in textiles from China, India and other emerging markets and to reap advantages accruing from grant of GSP-plus status to Pakistan by the EU, KML has formulated a comprehensive marketing-oriented strategy.

For improved revenues and increased margins, the company is thoroughly focusing on marketing efforts with an agenda for market development and penetration with product development in niche products for famous brands and technical textiles. For cost-savings, KML is ensuring better supply-chain management of raw materials and increased reliance on alternate fuels for power-generation. Recently, the installation of bio-fuel based boiler was completed during the half-year under review. Therefore, the management is assertive that the company shall be able to increase its performance.

=============================================================
                             1HFY2012    1HFY2013    1HFY2014
=============================================================
Profitability
-------------------------------------------------------------
Gross profit margin             16.9%       17.5%       16.4%
Operating Profit Margin          7.4%        8.3%        8.2%
Net Profit Margin                1.4%       21.3%        3.1%
ROA                              0.7%       15.2%        2.0%
-------------------------------------------------------------
Liquidity
-------------------------------------------------------------
Current ratio                    0.75        1.19        1.25
Quick ratio                      0.54        0.81        0.89
-------------------------------------------------------------
Turnover
-------------------------------------------------------------
Total asset turnover             0.48        0.72        0.65
Fixed asset turnover             0.90        1.20        1.12
-------------------------------------------------------------
Market
-------------------------------------------------------------
EPS(Rs)                          0.76       17.64        2.41
=============================================================

Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #11 on: April 29, 2014, 12:49:40 AM »
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Offline Salammembers

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Re: KML -- Kohinoor Mills Limited
« Reply #12 on: October 24, 2014, 11:41:46 PM »
Koi boohat bullish haay

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Re: KML -- Kohinoor Mills Limited
« Reply #13 on: October 27, 2014, 01:20:22 PM »
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Offline naumaan

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Re: KML -- Kohinoor Mills Limited
« Reply #14 on: January 20, 2015, 01:29:39 AM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

Offline Salammembers

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Re: KML -- Kohinoor Mills Limited
« Reply #15 on: January 20, 2015, 01:36:01 AM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

very recently pearl securities gave kml FV 45,
scrip was highlighted here in oct,
25% capital gain - 3-4 months holding period is good ROI 

Offline naumaan

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Re: KML -- Kohinoor Mills Limited
« Reply #16 on: January 20, 2015, 01:48:31 AM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

very recently pearl securities gave kml FV 45,
scrip was highlighted here in oct,
25% capital gain - 3-4 months holding period is good ROI

Thanks  :thanks:

Offline SBM

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Re: KML -- Kohinoor Mills Limited
« Reply #17 on: January 20, 2015, 11:39:26 AM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

very recently pearl securities gave kml FV 45,
scrip was highlighted here in oct,
25% capital gain - 3-4 months holding period is good ROI

i got only 4k at 14.5     :down:
Its owned by some saigol sister family(inlaws) ...
Their payout history is exceptional .. They business had run into trouble due to expansions and high cost of energy .. Now they have sold some non-core assets and improved core operations
I just thought 18-19 tak satta chal sakta hai :P
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Offline Tariq Ahmed

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Re: KML -- Kohinoor Mills Limited
« Reply #18 on: January 20, 2015, 04:14:40 PM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

very recently pearl securities gave kml FV 45,
scrip was highlighted here in oct,
25% capital gain - 3-4 months holding period is good ROI
SBM bhai mujay tou 1 k bhi nahi milay  huhu

i got only 4k at 14.5     :down:
Its owned by some saigol sister family(inlaws) ...
Their payout history is exceptional .. They business had run into trouble due to expansions and high cost of energy .. Now they have sold some non-core assets and improved core operations
I just thought 18-19 tak satta chal sakta hai :P

Offline naumaan

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Re: KML -- Kohinoor Mills Limited
« Reply #19 on: January 28, 2015, 10:54:18 AM »
Chupkey chupkey ... Cap ho gaya  :mad:  :ohmy:

very recently pearl securities gave kml FV 45,
scrip was highlighted here in oct,
25% capital gain - 3-4 months holding period is good ROI
SBM bhai mujay tou 1 k bhi nahi milay  huhu

i got only 4k at 14.5     :down:
Its owned by some saigol sister family(inlaws) ...
Their payout history is exceptional .. They business had run into trouble due to expansions and high cost of energy .. Now they have sold some non-core assets and improved core operations
I just thought 18-19 tak satta chal sakta hai :P

Value bhai & SBM bhai, yeh satta kahaa takk jaa saktaa hai :) ... aur agar textile policy aatee hai tau kiaa possibility hai  :thanks: