Kaycee Industries Ltd

₹ 1,030 5.00%

13 Mar - close price

About

Incorporated in 1942, Kaycee Industries Ltd manufacturers Industrial Electrical switches, Mechanical Counters, Electrical Components, etc.

Key Points

Business Overview
The company is a subsidiary of Salzer Electronics, a key player in the Electrical Solutions industry, and has pioneered technology leadership for over 30 years in India. Kaycee is a leading manufacturer of electrical products and solutions provider to various industry sectors like the Power sector, Panel builders, Machine tool manufacturers, Telecom, Renewables, etc. Incorporated in 1942, It is known to be the first Indian manufacturer of rotary switches ^[1]

Website BSE

Market Cap ₹ 327 Cr.
Current Price ₹ 1,030
High / Low ₹ 4,897 / 322
Stock P/E 58.7
Book Value ₹ 82.7
Dividend Yield 0.12 %
ROCE 24.3 %
ROE 20.6 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 27.1% CAGR over last 5 years

Cons

Stock is trading at 12.5 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	8.23	10.46	10.08	10.26	10.18	11.25	11.31	11.77	12.25	13.47	12.61	13.34	11.87
	7.51	9.43	9.00	9.11	9.02	9.88	9.83	10.26	10.63	11.30	10.41	11.19	10.22
Operating Profit	0.72	1.03	1.08	1.15	1.16	1.37	1.48	1.51	1.62	2.17	2.20	2.15	1.65
OPM %	8.75%	9.85%	10.71%	11.21%	11.39%	12.18%	13.09%	12.83%	13.22%	16.11%	17.45%	16.12%	13.90%
	0.09	0.18	0.15	0.13	0.16	0.14	0.15	0.17	0.14	0.17	0.20	0.25	0.07
Interest	0.03	0.02	0.01	0.01	0.01	0.03	0.11	0.10	0.10	0.10	0.10	0.09	0.10
Depreciation	0.07	0.07	0.08	0.08	0.08	0.25	0.26	0.26	0.27	0.26	0.28	0.28	0.30
Profit before tax	0.71	1.12	1.14	1.19	1.23	1.23	1.26	1.32	1.39	1.98	2.02	2.03	1.32
Tax %	22.54%	32.14%	24.56%	25.21%	30.89%	26.83%	30.95%	24.24%	24.46%	20.71%	25.74%	24.14%	26.52%
	0.54	0.75	0.86	0.89	0.85	0.89	0.87	1.00	1.05	1.57	1.50	1.53	0.97
EPS in Rs	1.80	2.50	2.87	2.97	2.83	2.97	2.90	3.33	3.50	5.23	5.00	4.82	3.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	22.52	24.66	21.86	22.39	23.44	24.87	25.02	23.43	22.70	29.15	41.52	48.56	51.29
	21.29	23.71	22.61	22.34	23.30	22.92	24.08	21.02	21.48	26.69	36.76	41.78	43.12
Operating Profit	1.23	0.95	-0.75	0.05	0.14	1.95	0.94	2.41	1.22	2.46	4.76	6.78	8.17
OPM %	5.46%	3.85%	-3.43%	0.22%	0.60%	7.84%	3.76%	10.29%	5.37%	8.44%	11.46%	13.96%	15.93%
	0.44	0.37	0.32	0.61	0.91	0.14	1.54	-0.01	0.50	0.44	0.58	0.63	0.69
Interest	0.46	0.33	0.47	0.53	0.45	0.31	0.16	0.07	0.07	0.07	0.06	0.41	0.39
Depreciation	0.30	0.37	0.30	0.34	0.33	0.27	0.38	0.42	0.41	0.33	0.49	1.05	1.12
Profit before tax	0.91	0.62	-1.20	-0.21	0.27	1.51	1.94	1.91	1.24	2.50	4.79	5.95	7.35
Tax %	34.07%	29.03%	-5.00%	28.57%	-137.04%	25.17%	29.90%	27.75%	32.26%	25.20%	26.93%	24.37%
	0.61	0.43	-1.14	-0.28	0.65	1.13	1.35	1.38	0.85	1.87	3.49	4.49	5.57
EPS in Rs	2.03	1.43	-3.80	-0.93	2.17	3.77	4.50	4.60	2.83	6.23	11.63	14.97	18.11
Dividend Payout %	8.69%	14.65%	-2.76%	-11.25%	4.85%	5.58%	4.67%	13.70%	22.24%	16.84%	10.83%	14.03%

Compounded Sales Growth
10 Years:	7%
5 Years:	14%
3 Years:	29%
TTM:	10%

Compounded Profit Growth
10 Years:	26%
5 Years:	27%
3 Years:	83%
TTM:	46%

Stock Price CAGR
10 Years:	42%
5 Years:	78%
3 Years:	139%
1 Year:	199%

Return on Equity
10 Years:	10%
5 Years:	14%
3 Years:	18%
Last Year:	21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.53	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	3.17
Reserves	9.04	12.61	11.33	11.02	11.66	11.12	12.34	13.56	14.21	15.94	19.14	23.20	23.07
	2.67	3.01	3.76	4.22	3.27	2.48	1.07	0.35	0.00	0.00	4.58	4.13	3.89
	5.91	6.61	6.00	6.77	6.99	6.35	4.59	5.42	5.85	4.89	4.81	6.73	7.18
Total Liabilities	18.15	22.86	21.72	22.64	22.55	20.58	18.63	19.96	20.69	21.46	29.16	34.69	37.31
	2.50	2.46	2.80	2.86	2.67	2.28	3.27	2.98	2.76	2.81	7.41	7.89	7.57
CWIP	1.48	1.48	1.48	1.48	1.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.15
	14.16	18.91	17.43	18.29	18.39	18.30	15.36	16.98	17.93	18.65	21.75	26.77	29.59
Total Assets	18.15	22.86	21.72	22.64	22.55	20.58	18.63	19.96	20.69	21.46	29.16	34.69	37.31

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1.00	-1.75	-0.99	0.47	0.90	-0.05	2.60	0.67	1.13	0.73	1.76	6.17
	-0.86	0.04	-0.43	0.19	0.63	1.66	-1.00	-0.64	-0.28	-0.22	-5.34	-4.27
	-0.22	3.26	0.21	-0.11	-1.19	-1.14	-1.64	-0.86	-0.61	-0.26	4.20	-1.24
Net Cash Flow	-0.08	1.55	-1.21	0.55	0.33	0.46	-0.04	-0.84	0.23	0.25	0.62	0.66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	143.60	137.80	151.78	168.07	152.45	157.62	120.65	148.31	164.65	139.36	111.12	105.08
Inventory Days	128.98	176.68	200.13	173.10	150.87	109.53	70.32	115.63	98.85	66.99	52.06	46.50
Days Payable	131.99	139.12	124.18	150.67	147.31	125.86	80.18	129.71	126.23	75.98	47.76	59.71
Cash Conversion Cycle	140.59	175.36	227.73	190.51	156.01	141.29	110.78	134.23	137.27	130.38	115.42	91.86
Working Capital Days	133.23	159.26	185.84	174.43	144.82	136.20	106.35	132.42	139.09	128.47	108.39	89.67
ROCE %	11.61%	6.67%	-4.57%	1.77%	4.58%	12.22%	14.86%	15.19%	7.83%	16.24%	23.61%	24.28%

Shareholding Pattern

Numbers in percentages

2 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	74.91%	74.91%	74.91%	73.86%	73.86%	73.86%	73.86%	73.51%	73.51%	73.51%	71.96%	71.91%
	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.02%	0.02%
	0.69%	0.66%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	24.30%	24.34%	24.91%	26.05%	26.05%	26.05%	26.05%	26.39%	26.38%	26.40%	28.02%	28.07%
No. of Shareholders	1,321	1,349	1,318	1,308	1,334	1,462	1,456	1,476	1,598	1,754	8,621	10,543

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	72.32%	72.32%	72.32%	74.91%	74.91%	74.91%	73.86%	73.51%	71.91%
	0.25%	0.26%	0.26%	0.26%	0.09%	0.09%	0.09%	0.09%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.86%	0.69%	0.00%	0.00%	0.00%
	27.44%	27.42%	27.42%	24.83%	24.13%	24.30%	26.05%	26.38%	28.07%
No. of Shareholders	1,494	1,431	1,503	1,438	1,294	1,321	1,334	1,598	10,543

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kaycee Industries Ltd

Kaycee Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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