KPR Mill Ltd. share price target

About the stock: KPR Mills (KPR), established in 1984, is one of the largest vertically integrated textile manufacturing companies in India. It has 6 spinning mills with a capacity of 1,00,000 MT of yarn and 4 garment facilities with capacity of 204 million knitted garments. The company also entered the sugar business with a sugar capacity of 20,000 TCD and ethanol capacity of 470KLPD p.a. Q2FY26 performance: KPR's consolidated revenues grew by 10.3%yoy to Rs1,632cr in Q2FY26. Textile business revenues grew by 4% YoY while sugar business revenues grew by 38% YoY (on base) during the quarter. Consolidated...

Textile companies are focusing on diversification as risk mitigating strategy with focus on diversifying the production base in other countries and improve the regional mix and not to depend on single country/region in the near future....

KPR’s Q4FY25 performance was soft and missed estimates on all fronts. Consolidated revenue grew by 4.3% y-o-y to Rs. 1,769 crore, versus our expectation of Rs. 1,877 crore.

KPR Mills’ (KPR) Q3FY25 performance was impacted by a sharp decline in the profitability of the sugar business, which dragged overall margins, while strong revenue growth was driven by doubledigit growth in both textile and sugar businesses.

Textile segment volumes pick-up; sugar/ethanol volumes de-grow

Revenue was flat at INR1,610cr (est. INR1,617cr)

KPR Mills’ (KPR’s) Q4FY2024 numbers were a mixed bag as revenues fell by 13% y-o-y, while EBITDA margin improved by 332 bps y-o-y to 19.7%; PAT grew by 1.9% y-o-y.

Stable demand for garments; yarn-fabric to pick up from here

Headwinds in sugar and ethanol divisions, green shoots in textiles

Robust garment volumes in H1; sugar and ethanol divisions shine

Export demand improves; sugar and ethanol divisions shine

New capacity in garment and sugar/ethanol drives growth

Strong garment export orders aids growth momentum

It is one of India's largest knitted garment manufacturer with total capacity of 157 million pieces (post expansion) Consistently, over the years, it has maintained ~18%+ margins with average RoCE of ~20% and D/E ratio of 0.3x Q3FY22 Results: On account of strong yarn spreads coupled with strong order...

A play on two game-changing themes