KPR Mill Share Price

KPR Mill Ltd is among the leading textile companies in India with a diversified business focus spanning across yarn, fabrics, garments, green power, sugar, ethanol and wind power.

It is one of the largest vertically integrated apparel manufacturing companies in India. KPR Mill manufactures a range of textile varieties such as readymade knitted apparel, fabrics, and compact, melange, carded, polyester and combed yarn.

The group has 15 manufacturing units equipped with a capacity to produce 1,00,000 tonnes of cotton yarn and 4,000 tonnes of viscose vortex yarn per annum; 40,000 tonnes fabrics per annum and 157 million readymade knitted apparel per annum. It also owns sugar plants with an aggregate capacity of 20,000 TCD (tonnes of cane crushed per day) and ethanol plants with 360 KLPD (kilolitres per day) capacity.

KPR Mill’s maiden business was set up in 1984 at Coimbatore in Tamil Nadu. In 1989, the company started manufacturing fashion apparel and carved a niche in the export market. In 1995, the company’s first spinning unit came up at Sathyamangalam in Tamil Nadu with 6,000 spindles.

In 2006, KPR Mill saw $25 million of private equity infusion by leading US company Brandot Investments and two others.

In 2007, the shares of the company listed at BSE and the National Stock Exchange of India (NSE). As of January 8, 2024, the group’s market capitalisation stood at ₹26,610 crore. KPR Mill share price has skyrocketed over 300% in the past three years.

Business operations

KPR Mill has classified its operations primarily into three reportable segments: textile, sugar and others.

Textile:

The company’s state-of-the-art production facility in Tamil Nadu has a yarn division, fabric division and a garment manufacturing facility. It also runs a textile retail business under the brand name Faso that sells both men’s wear and women’s wear.

Sugar:

KPR Mill manufactures white crystal sugar from the best quality sugarcane. It has set up a co-gen cum sugar factory with 30 MW, 10,000 TCD and 130 KLPD of ethanal extraction in Karnataka’s Bijapur district.

Others:

KPR Mill has also installed windmills and co-generation plants with a total generation capacity of 101.92 MW of green power for captive consumption in order to become self-reliant in power needs.

The modernisation plan at an outlay of ₹100 crore in the textile segment is expected to be completed during 2023-24. By the end of this fiscal, KPR Mill, plans to set up an exclusive vortex spinning mill at an outlay of ₹100 crore will be completed during 2023-24.

The company’s ethanol capacity expansion at ₹150 crore is likely to start before the sugar season of 2023-24.

Financial highlights

The company’s total consolidated revenue jumped 27.3% to ₹6,248.2 crore in FY23 from ₹4,909.7 crore in FY22. The profit after tax (PAT) dropped 3.3% to ₹8,141 crore in FY23 compared with ₹8,418 crore in FY22. KPR Mill’s operating profit, or EBITDA, rose 4.3% to ₹1,274.4 crore in FY23 from ₹1,218.7 crore during the previous year. EBITDA margins stood at 20.6% in FY23 as against 25.3% in FY22.