Reviews

K.P.R. MILL LIMITED 

Ticker : 532889
FV: Rs. 5
52-Week H/L : Rs.711.25/512.95 



We had recommended KPR MILL in Vol 35, No 34, (dated June 17, 2019), when the scrip was trading at Rs. 637. We recommended the stock as the company had entered the domestic retail market. K.P.R. Mill Limited is a garment exporter and also a vertically integrated apparel company. It is mainly engaged in the business of manufacturing textiles consisting of yarn, fabrics and garments. It operates in the single segment of textiles. On the financial front, the company’s net sales went up by 22.68 per cent YoY to Rs 854.62 crore .The PBDT for Q4FY19 was Rs 112.91 crore, posting a decrease by 0.93 per cent compared to PBDT of Rs 113.97 for Q4FY18. The net profit rose by 8.89 per cent to Rs 59.5 crore in Q4FY19 from Rs 54.64 crore in Q4FY18. The company expanded its global presence by setting its first overseas production facility in Ethiopia. In May 2019, KPR Mill entered the domestic retail market with FASO brand having athleisure products. We therefore recommend a HOLD to out investor-readers.