Kolte Patil Developers Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are thoroughly covered by earnings (16.5x coverage).
• Kolte-Patil Developers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
• Kolte-Patil Developers's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Kolte-Patil Developers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Kolte-Patil Developers is profitable, therefore cash runway is not a concern.
• Kolte-Patil Developers is profitable, therefore cash runway is not a concern.
• Debt is covered by short term assets, assets are 3.5x debt.
• Kolte-Patil Developers's cash and other short term assets cover its long term commitments.
• Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).

Cons

• Debt is not well covered by operating cash flow (12.5%, less than 20% of total debt).
• The level of debt compared to net worth has increased over the past 5 years (36.5% vs 89.3% today).
• Kolte-Patil Developers's level of debt (89.3%) compared to net worth is high (greater than 40%).
• High level of physical assets or inventory.

management

Pros

• The average tenure for the Kolte-Patil Developers board of directors is over 10 years, this suggests they are a seasoned and experienced board.
• Gopal's compensation has been consistent with company performance over the past year, both up more than 20%.
• The tenure for the Kolte-Patil Developers management team is about average.

Cons

• Gopal's remuneration is higher than average for companies of similar size in India.

misc

Pros

Cons

• Kolte-Patil Developers is not covered by any analysts.
• Kolte-Patil Developers has significant price volatility in the past 3 months.

past

Pros

• Kolte-Patil Developers's 1-year earnings growth exceeds its 5-year average (68.3% vs 17.2%)
• Kolte-Patil Developers's year on year earnings growth rate has been positive over the past 5 years.
• Kolte-Patil Developers used its assets more efficiently than the IN Real Estate industry average last year based on Return on Assets.
• Kolte-Patil Developers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
• Kolte-Patil Developers's earnings growth has exceeded the IN Real Estate industry average in the past year (68.3% vs 9.7%).

Cons

• Kolte-Patil Developers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

value

Pros

• Kolte-Patil Developers is good value based on earnings compared to the IN Real Estate industry average.
• Kolte-Patil Developers is good value based on earnings compared to the India market.

Cons

• Kolte-Patil Developers's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Kolte-Patil Developers's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• Kolte-Patil Developers is overvalued based on assets compared to the IN Real Estate industry average.
• KOLTEPATIL underperformed the Real Estate industry which returned -24.3% over the past year.
• KOLTEPATIL underperformed the Market in India which returned -14.5% over the past year.
• NSEI:KOLTEPATIL is down -9.5% underperforming the Real Estate industry which returned 13.9% over the past month.
• NSEI:KOLTEPATIL is down -9.5% underperforming the market in India which returned 8% over the past month.