What is Kkalpana Plastick Financial Strength?
Kkalpana Plastick has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Kkalpana Plastick Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Kkalpana Plastick has no long-term debt (1).
As of today, Kkalpana Plastick's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Kkalpana Plastick's Financial Strength
For the Specialty Chemicals subindustry, Kkalpana Plastick's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kkalpana Plastick's Financial Strength Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kkalpana Plastick's Financial Strength distribution charts can be found below:
* The bar in red indicates where Kkalpana Plastick's Financial Strength falls into.
Kkalpana Plastick Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Kkalpana Plastick's Interest Expense for the
months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹-1.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.00 Mil.
Kkalpana Plastick's Interest Coverage for the quarter that ended in Mar. 2024 is
| Kkalpana Plastick had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Kkalpana Plastick Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
Kkalpana Plastick's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Kkalpana Plastick has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kkalpana Plastick (BOM:523652) Business Description
Traded in Other Exchanges
N/A
Address
12, Dr. U.N.Bhramachari Street, Maruti Building, 5th Floor, Flat No. 5F, Kolkata, WB, IND, 700 017
Kkalpana Plastick Ltd is a producer of commodity compounds like PVC compounds to high-performance compounds like Medium Voltage Insulation and Semi Conducting grades. The company has taken up an expansion plan to increase the capacity of existing products like PVC Compounds, XLPE, Semi Conducting, and Filled Master Batches. The company is also working on launch of new products. The products in the pipeline are cross Linkable variety of Halogen Free Flame Retardant, Strippable Semicon for the cable industry, the engineering plastic products for the automobile and appliance industries. The company is also working on product areas meant for an alternative source of energy like Solar Energy.
Kkalpana Plastick (BOM:523652) Headlines
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