About
K P R Mill Ltd
KPR Mill Limited (formerly known as KPR Cotton Mills Pvt., Ltd.) was originally incorporated on March 19, 2003. The company is one of the largest vertically integrated apparel manufacturing companies in India producing Yarn, Cotton Knitted Fabric, Readymade Garments and Wind Power. It has state-of-the-art production facilities in Coimbatore, Sathyamangalam and Tirupur in Tamil Nadu, South India.
The company acquired KPR Knits, a Proprietorship concern as a going concern with effect from April 01, 2005, to rationalize operations and better leverage capacities.
KPR Mill Private Limited and KPR Spinning Mill Private Limited were consolidated into KPR Cotton Mills Private Limited through a merger process, to take effect from April 1, 2005. Consequent to the merger, the company's name was changed from KPR Cotton Mills Private Limited to KPR Mills Limited.
The company has commenced the construction of new spinning mill at Arasur in around 44 acres of campus which will have 1,00,800 spindles and 12 windmills of 19.8 MW will meet the power requirements of the mill. The mill will be fully operational by 2007- 2008 and once mill commence the operation the cumulative production capacity increase to 54,000 tons per annum.
To provide end-to-end apparel manufacturing service, the company is constructing a new fabric processing facility at SIPCOT, Perundurai, Tamilnadu. This facility helps the company to handle all of its processing requirements, including dyeing, bleaching and compacting at one place. The processing capacity of this unit will be 23 metric tons of fabric per day. The processing unit will be equipped with soft flow machines to enable dyeing of yarns. Azo free dyes will be used to create dyed yarn of various colours. Additionally, the unit will also have a water treatment plant to enable recycling of water The mill will be fully operational by 2007- 2008.
The company has setting-up a high tech garment unit at Arasur by installing 1440 sewing machine and setting up a design studio. Along with the garment production unit, hostel accommodation for workers is simultaneously being set up. This unit will enable in timely and bulk processing of orders from international companies. The Unit will be fully operational by 2007-2008. During November 2016, after obtaining the consent of the Members of the Company by Postal Ballot and complying with the applicable provisions of the Act & Regulations, the Equity Share of the Company of the Face Value of Rs. 10/- each has been split into two shares of Face Value of Rs. 5/- each. The new subdivided shares have been credited to the concerned shareholders' Demat accounts. The new ISIN of the Company at Depositories is INE930H01023.
The Board of Directors of the Company announced a Buyback of 14,70,000 fully paid-up equity shares (1.95% of the pre Buyback equity share capital) of the face value of Rs. 5/- each from all the existing shareholders on a proportionate basis, through the 'Tender Route' process at a price of Rs. 660 per Equity Share payable in cash. The total consideration amounted to Rs. 97.02 Crores representing 9.95% of the aggregate of the paid-up equity share capital and free reserves, as per the audited accounts of the Company for the year ended March 31, 2016. After complying with the applicable laws, the Company bought back 14,70,000 Equity Shares. The funds in respect of accepted Equity Shares have been paid out. Buyback was completed on February 13, 2017. The Promoters who have participated in the Buyback offer re-organised their stake to the permitted levels subsequently as per their undertaking to SEBI. The present Paid up Capital Post Buyback is Rs. 36.95 Crores.
The Board of Directors of the Company announced a Buyback of 13,35,000 fully paid-up equity shares (1.81% of the pre Buyback equity share capital) of the face value of Rs 5/- each from all the existing shareholders on a proportionate basis, through the 'Tender Route' process at a price of Rs 810 per Equity Share payable in cash. The total consideration amounted to Rs 108.14 Crores representing 9.81% of the aggregate of the paid-up equity share capital and free reserves, as per the audited accounts of the Company for the year ended March 31,2017. After complying with the applicable laws, the Company bought back 13,35,000 Equity Shares. The funds in respect of accepted Equity Shares have been paid out. Buyback was completed on 13th April 2018. The Promoters who have participated in the Buyback offer re-organized their stake to the permitted levels subsequently as per their undertaking to SEBI. The present Paid up Capital Post Buyback is Rs 36.28 Crores.
In the FY 2018-19, the sugarcane crushing commenced in October 2018 and produced 90,844 MT of sugar as against 88,136 MT of last year. Out of 1,076 Lakh units of power generated 781 Lakh units were sold and 295 lakh units captively consumed.
In the FY 2019-20, the sugarcane crushing commenced in November 2019 and produced 65,390 MT of sugar. Out of 938.80 Lakh units of power generated 672.88 Lakh units were sold and 265.92 lakh units were captively consumed. During the year, it exported 25,588 MT of Sugar. It commissioned a 'State of the Art' Ethanol plant with 90KLPD capacity in January 2020. After obtaining the consent for operation from 'Karnataka State Pollution Control Board' commercial production was commenced in February 2020. During the year 2020, 4007 KL of Ethanol was produced, using Sugar Syrup and Molasses of which, 2106 KL was sold to oil marketing Companies. On 12th April 2019, a Private Limited Company under the name KPR Mill Pte. Ltd.' was incorporated at Singapore, for marketing the Products manufactured at India and Ethiopia.
In the FY 2020-21, the sugarcane crushing commenced in November 2020 and produced 85,423.10 MT of sugar. Out of 1,1028.79 Lakh units of power generated 600.13 Lakh units were sold and 428.66 lakh units captively consumed. It exported 21,279 MT of Sugar. During the year 2021, 23,373 KL of Ethanol was produced, using Sugar Syrup and Molasses. 23,600 KL was sold to oil marketing companies. In order to increase the manufacturing capacities in Garment and Sugar cum Ethanol segments, a separate wholly owned Subsidiary, 'KPR Sugar and Apparels
Limited' (KPRSAL) was promoted holding its entire equity stake with the Company.
In FY 2021-22, Company commissioned new 42 million Garments production capacity at Chengapally, Tirupur Dist., Tamil Nadu on 21st November 2021. Besides the expansion plans in Garment and Sugar, modernisation was implemented in some of the units. The expansion of sugar, cogeneration and ethanol production capacity with 10,000 TCD, 50 MW and 230 KLPD at Chowdapur, Karnataka was completed. The sugarcane crushing commenced in Oct'21, produced 23,893.50 MT of Sugar. The Co-gen plant produced 1,249 lakhs units of power. Out of the above, 646.75 lakhs units were sold and 601.92 lakh units captively consumed. The enhanced capacity of Ethanol plant (130KLPD) started accelerating the revenue. During year 2022, 33,863 KL of Ethanol was produced, using Sugar Syrup and Molasses and the entire production was sold to Oil Marketing Companies (OMCs). The new Sugar, Cogen and Ethanol Factory at SF. No. 144/2, Chinamageri Village, Kalaburagi (Gulbarga) District, Karnataka was commissioned with a capacity of 10,000 TCD Sugar, 50 MW Cogen Power and 230 KLPD Ethanol.
During the year 2022-23, the Company installed 10 MW rooftop Solar Power plant. The sugarcane crushing for Sugar season commenced in November 2022. The production in the new 42 million Garments capacity at Chengapally, Tirupur district, Tamil Nadu was commissioned.
K P R Mill Ltd
Chairman Speech
Dear Fellow Shareholders,
I am pleased to share with you all that during FY 2023, the
Consolidated revenue grew by 28% YoY. Due to high-cost inventory and raw material price in
ation the gross margin in Spinning activities contracted. Finance cost increased due to
additional working Capital availment, given the inventory bu er and Term Loans for new
Sugar and Apparel projects. However, the unstinted support from the Garment segment and
our inherent strengths enabled KPR to repeat its performance level, despite the
challenges. Now the Cotton prices started stabilizing and the Textile industry is
optimistic with Government policies and FTAs.
MAJOR CAPEX-EXPANSION
To accelerate our performance further, we implemented certain
modernization and expansion plans. a brief on the same is reported below:
v The ‘Roof top' Solar Power Plant at Rs 50 Crores completed
and commissioned.
v The Modernisation plan at an outlay of Rs 100 Crores in Textile
segment is expected to be completed during the
current Financial Year.
v Setting up of exclusive Vortex Spinning mill at an outlay of Rs100
Crores will be completed during current Financial Year.
v Processing & Printing expansion at Rs 50 Crores will be over in
First Half of the Current Financial year.
v Ethanol Capacity expansion at Rs 150 Crores will be commenced before
the coming Sugar Season 2023-24.
The solar power should help in saving power cost, the increase in the
processing capacity to be utilised internally to meet our additional demand; the Brown eld
Garment capacity expansion may add up 10-20 Million pieces per annum; the Ethanol capacity
expansion may increase KPR's total capacity to 480 KLPD.
In the vortex business, margins are expected to be relatively stable,
given the high demand for viscose yarn. On our unique Retail Brand FASO, the Pan-India
plan is on track and is looking to expand its footprint in the current year.
The Margin from the Sugar & Ethanol segment is sustainable due to
higher returns from the ethanol and co-gen segments.
HUMAN WELFARE
People are essential for the success of an organization. Well-being of
employee leads to increased productivity, better collaboration with team members and
higher overall job satisfaction. When employees feel good both physically and mentally,
they are more likely to be engaged, motivated and focused at work. Easily accessible
education in the form of professional development, will play a vital role in helping to
grow the economy by bridging the skills gap and creating a more robust workforce. At KPR,
the extension of Higher Education facilities and Career Placement services to employees
besides Industry acclaimed welfare facilities develop their skills, grow their knowledge
and advance their careers thereby securing their personal growth while supporting greater
organizational goals. We are glad to share with you that 100% results were achieved in
Class 12 Government Examinations in 2023. As in every year, some of them are Top Scorers
and recognizing their achievement KPR has awarded them Full Scholarship (including Bus
& Hostel Fee) for their Collegiate Education.
CREDENTIALS
Based on its performance KPR is considered as one of the Top 5 largest
and most significant Apparel manufacturers in India. In 2022 Civil Services Examination
also, eleven Candidates from the KPR IAS Academy have successfully passed. Among them Two
Candidates who are already IFoS and IPS have also passed the IAS Exam.
FUTURE AHEAD
With the opening of economies around the world after the COVID crisis,
consumers had the opportunity to spend the money that they could not during the Covid
period. Consequently, demand soared and brands and retailers increased orders to meet this
pent-up demand. However, with in ation rising, especially after the Russia Ukraine war,
the demand for consumer goods slowed, while inventories remained very high. The
Geopolitical tensions, high In ation, rising commodity prices and interest rates are
impacting many economies. Well equipped with the hi-tech integrated facilities, enthused
work force, progressive business model and empowered by strong performance track record,
loyal customer base and drive for enhancing value for all stakeholders, KPR will keep its
growth path in line with the expectation.
ACKNOWLEDGEMENT
I always consider that the organizational success is often the result
of a team's hard work. I am very happy to have a Management team that is enthusiastic
about doing its work pro ciently. Thank you all for your hard work, dedication and
perseverance. I am thankful to the Board of Directors for their guidance towards the
growth of the Company. I would like to thank our Bankers, Shareholders and all
Stakeholders for their continued support and con dence.
With Best Wishes
K.P.Ramasamy Chairman
  Â
K P R Mill Ltd
Company History
KPR Mill Limited (formerly known as KPR Cotton Mills Pvt., Ltd.) was originally incorporated on March 19, 2003. The company is one of the largest vertically integrated apparel manufacturing companies in India producing Yarn, Cotton Knitted Fabric, Readymade Garments and Wind Power. It has state-of-the-art production facilities in Coimbatore, Sathyamangalam and Tirupur in Tamil Nadu, South India.
The company acquired KPR Knits, a Proprietorship concern as a going concern with effect from April 01, 2005, to rationalize operations and better leverage capacities.
KPR Mill Private Limited and KPR Spinning Mill Private Limited were consolidated into KPR Cotton Mills Private Limited through a merger process, to take effect from April 1, 2005. Consequent to the merger, the company's name was changed from KPR Cotton Mills Private Limited to KPR Mills Limited.
The company has commenced the construction of new spinning mill at Arasur in around 44 acres of campus which will have 1,00,800 spindles and 12 windmills of 19.8 MW will meet the power requirements of the mill. The mill will be fully operational by 2007- 2008 and once mill commence the operation the cumulative production capacity increase to 54,000 tons per annum.
To provide end-to-end apparel manufacturing service, the company is constructing a new fabric processing facility at SIPCOT, Perundurai, Tamilnadu. This facility helps the company to handle all of its processing requirements, including dyeing, bleaching and compacting at one place. The processing capacity of this unit will be 23 metric tons of fabric per day. The processing unit will be equipped with soft flow machines to enable dyeing of yarns. Azo free dyes will be used to create dyed yarn of various colours. Additionally, the unit will also have a water treatment plant to enable recycling of water The mill will be fully operational by 2007- 2008.
The company has setting-up a high tech garment unit at Arasur by installing 1440 sewing machine and setting up a design studio. Along with the garment production unit, hostel accommodation for workers is simultaneously being set up. This unit will enable in timely and bulk processing of orders from international companies. The Unit will be fully operational by 2007-2008. During November 2016, after obtaining the consent of the Members of the Company by Postal Ballot and complying with the applicable provisions of the Act & Regulations, the Equity Share of the Company of the Face Value of Rs. 10/- each has been split into two shares of Face Value of Rs. 5/- each. The new subdivided shares have been credited to the concerned shareholders' Demat accounts. The new ISIN of the Company at Depositories is INE930H01023.
The Board of Directors of the Company announced a Buyback of 14,70,000 fully paid-up equity shares (1.95% of the pre Buyback equity share capital) of the face value of Rs. 5/- each from all the existing shareholders on a proportionate basis, through the 'Tender Route' process at a price of Rs. 660 per Equity Share payable in cash. The total consideration amounted to Rs. 97.02 Crores representing 9.95% of the aggregate of the paid-up equity share capital and free reserves, as per the audited accounts of the Company for the year ended March 31, 2016. After complying with the applicable laws, the Company bought back 14,70,000 Equity Shares. The funds in respect of accepted Equity Shares have been paid out. Buyback was completed on February 13, 2017. The Promoters who have participated in the Buyback offer re-organised their stake to the permitted levels subsequently as per their undertaking to SEBI. The present Paid up Capital Post Buyback is Rs. 36.95 Crores.
The Board of Directors of the Company announced a Buyback of 13,35,000 fully paid-up equity shares (1.81% of the pre Buyback equity share capital) of the face value of Rs 5/- each from all the existing shareholders on a proportionate basis, through the 'Tender Route' process at a price of Rs 810 per Equity Share payable in cash. The total consideration amounted to Rs 108.14 Crores representing 9.81% of the aggregate of the paid-up equity share capital and free reserves, as per the audited accounts of the Company for the year ended March 31,2017. After complying with the applicable laws, the Company bought back 13,35,000 Equity Shares. The funds in respect of accepted Equity Shares have been paid out. Buyback was completed on 13th April 2018. The Promoters who have participated in the Buyback offer re-organized their stake to the permitted levels subsequently as per their undertaking to SEBI. The present Paid up Capital Post Buyback is Rs 36.28 Crores.
In the FY 2018-19, the sugarcane crushing commenced in October 2018 and produced 90,844 MT of sugar as against 88,136 MT of last year. Out of 1,076 Lakh units of power generated 781 Lakh units were sold and 295 lakh units captively consumed.
In the FY 2019-20, the sugarcane crushing commenced in November 2019 and produced 65,390 MT of sugar. Out of 938.80 Lakh units of power generated 672.88 Lakh units were sold and 265.92 lakh units were captively consumed. During the year, it exported 25,588 MT of Sugar. It commissioned a 'State of the Art' Ethanol plant with 90KLPD capacity in January 2020. After obtaining the consent for operation from 'Karnataka State Pollution Control Board' commercial production was commenced in February 2020. During the year 2020, 4007 KL of Ethanol was produced, using Sugar Syrup and Molasses of which, 2106 KL was sold to oil marketing Companies. On 12th April 2019, a Private Limited Company under the name KPR Mill Pte. Ltd.' was incorporated at Singapore, for marketing the Products manufactured at India and Ethiopia.
In the FY 2020-21, the sugarcane crushing commenced in November 2020 and produced 85,423.10 MT of sugar. Out of 1,1028.79 Lakh units of power generated 600.13 Lakh units were sold and 428.66 lakh units captively consumed. It exported 21,279 MT of Sugar. During the year 2021, 23,373 KL of Ethanol was produced, using Sugar Syrup and Molasses. 23,600 KL was sold to oil marketing companies. In order to increase the manufacturing capacities in Garment and Sugar cum Ethanol segments, a separate wholly owned Subsidiary, 'KPR Sugar and Apparels
Limited' (KPRSAL) was promoted holding its entire equity stake with the Company.
In FY 2021-22, Company commissioned new 42 million Garments production capacity at Chengapally, Tirupur Dist., Tamil Nadu on 21st November 2021. Besides the expansion plans in Garment and Sugar, modernisation was implemented in some of the units. The expansion of sugar, cogeneration and ethanol production capacity with 10,000 TCD, 50 MW and 230 KLPD at Chowdapur, Karnataka was completed. The sugarcane crushing commenced in Oct'21, produced 23,893.50 MT of Sugar. The Co-gen plant produced 1,249 lakhs units of power. Out of the above, 646.75 lakhs units were sold and 601.92 lakh units captively consumed. The enhanced capacity of Ethanol plant (130KLPD) started accelerating the revenue. During year 2022, 33,863 KL of Ethanol was produced, using Sugar Syrup and Molasses and the entire production was sold to Oil Marketing Companies (OMCs). The new Sugar, Cogen and Ethanol Factory at SF. No. 144/2, Chinamageri Village, Kalaburagi (Gulbarga) District, Karnataka was commissioned with a capacity of 10,000 TCD Sugar, 50 MW Cogen Power and 230 KLPD Ethanol.
During the year 2022-23, the Company installed 10 MW rooftop Solar Power plant. The sugarcane crushing for Sugar season commenced in November 2022. The production in the new 42 million Garments capacity at Chengapally, Tirupur district, Tamil Nadu was commissioned.
K P R Mill Ltd
Directors Reports
K P R Mill Ltd
Company Background
| Incorporation Year | 2003 |
| Registered Office | No 9 Gokul Buildings 1st Floor,AKS Nagar Thadagam Road
Coimbatore,Tamil Nadu-641001 |
| Telephone | 91-0422-2478090,Managing Director |
| Fax | 91-0422-2478050 |
K P RamasamyK P D Sigamani| Company Secretary | P Kandaswamy |
| Auditor | B S R & Co LLP |
| Face Value | 1 |
| Market Lot | 1 |
| Listing | BSE,MSEI ,NSE, |
| Registrar | NSDL Database Management Ltd
4th Floor A Wing Tra,Kamala Mills Compoun,Senapathi Bapat Marg,Mumbai+400013 |
K P R Mill Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| K P Ramasamy | Executive Chairman | 2023 |
| K P D Sigamani | Managing Director | 2023 |
| P Nataraj | Managing Director | 2023 |
| C R Anandakrishnan | Executive Director | 2023 |
| G P Muniappan | Non-Exec. & Independent Dir. | 2023 |
| K Sabapathy | Non-Exec. & Independent Dir. | 2023 |
| A M Palanisamy | Non-Exec. & Independent Dir. | 2023 |
| C Thirumurthy | Non-Exec. & Independent Dir. | 2023 |
| P Kandaswamy | Company Sec. & Compli. Officer | 2023 |
| S Ranghanayakei | Non-Exec. & Independent Dir. | 2023 |
| P Selvakumar | Executive Director | 2023 |
| E K Sakthivel | Executive Director | 2023 |
| R Bhuvaneshwari | Independent Director | 2023 |
K P R Mill Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| CNX500 |
| BSESMALLCA |
| BSEALLCAP |
| GOODSSERVI |
| MID150 |
| LMI250 |
| MSL400 |
| NFTYLM250 |
| NFTYMC150 |
| NFTYMSC400 |
| NFTM150Q50 |
| NF500M5025 |
| NFTYINDMFG |
| NFTYTOTMKT |
| NFMC150M50 |
K P R Mill Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Yarn | NA | 0 | 0 | 0 | 1267.31 |
| Garments | Pcs | 0 | 0 | 0 | 1249.82 |
| Fabric | NA | 0 | 0 | 0 | 156.47 |
| Cotton Waste | Kg | 0 | 0 | 0 | 97.52 |
| Export Incentives | NA | 0 | 0 | 0 | 75.8 |
| Processing & Services Charges | NA | 0 | 0 | 0 | 29.48 |
| Other Operating Income | NA | 0 | 0 | 0 | 20.27 |
| Accessories & Others | NA | 0 | 0 | 0 | 1.4 |
| Spindles - Yarns | No | 0 | 0 | 0 | 0 |
| Wind Mills | NA | 0 | 0 | 0 | 0 |
| Cotton | NA | 0 | 0 | 0 | 0 |
| Cotton Yarn | Kg | 0 | 0 | 0 | 0 |
| Cloth | NA | 0 | 0 | 0 | 0 |
| Dyed Fabric | Kg | 0 | 0 | 0 | 0 |
| Knitted Fabrics | Kg | 0 | 0 | 0 | 0 |
| Dyeing Charges | NA | 0 | 0 | 0 | 0 |
| Adjustment | NA | 0 | 0 | 0 | 0 |
| Inter Divisional Transfer | MT | 0 | 0 | 0 | 0 |