Fundamentals

KPR MILL.

Ticker : 532889
BUY: Rs. 637
Target: Rs. 715



K.P.R. Mill Limited is a garment exporter, as well as a vertically integrated apparel company. It is mainly engaged in the business of manufacturing of textiles consisting of yarn, fabrics and garments. It operates in single segment of textiles. It operates in domestic and export segments geographically. On the financial front, the company’s net sales went up 21 per cent to Rs 21.09 crore in Q4FY19 as compared to Rs 679.4 crore posted in Q4FY18. The PBIDT was Rs 116.8 crore, posting a flat growth from Rs 116.65 in Q4FY18. The PAT expanded by 8.89 per cent to Rs 59.5 crore in Q4FY19 from Rs 54.64 crore. In May 2019, KPR Mill has entered the domestic retail market with Fashion Adapted Sustainable and Organic (FASO) brand of inner wear and athleisure products. The company has posted healthy financials and also the recent developments have proved to reflect positively on the company. We thus recommend a BUY.