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[Dilip Davda] KEL is in textile manufacturing and marketing with major operations from third party job contracts. It posted steady growth in its top lines for the reported periods. The sudden boost in bottom line in pre-IPO periods raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Higher margins reported by it compared to its listed peers’ surprises one and all. Based on its recent financial performance, the issue appears aggressively priced. Considering ongoing fancy for textile counters, well-informed investors may park funds for medium to long term. Read detail review...
Ken Enterprises Limited peer comparison with similar listed entities. (As on March 28, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ken Enterprises Limited | 4.86 | 4.86 | 24.42 | 19.34 | 19.9 | 3.92 | |
| Laxmi Cotspin Limited | -0.14 | -0.14 | 30.88 | -0.38 | 0.87 | ||
| Pashupati Cotspin Limited | 5.43 | 5.43 | 77.57 | 113.44 | 7 | 8 |
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