Krishanveer Forge Ltd
Incorporated in 1990, Krishanveer Forge Ltd is in the business of manufacturing and selling open die forgings
- Market Cap ₹ 129 Cr.
- Current Price ₹ 118
- High / Low ₹ 164 / 50.0
- Stock P/E 23.5
- Book Value ₹ 36.4
- Dividend Yield 1.69 %
- ROCE 16.6 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.24 times its book value
- Company has a low return on equity of 9.09% over last 3 years.
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
39.90 | 33.14 | 26.66 | 12.48 | 6.20 | 29.17 | 55.11 | 50.88 | 40.44 | 66.95 | 80.60 | 83.36 | 91.62 | |
35.24 | 30.89 | 25.16 | 12.71 | 8.59 | 26.45 | 47.77 | 43.44 | 34.05 | 60.35 | 76.61 | 76.50 | 82.25 | |
Operating Profit | 4.66 | 2.25 | 1.50 | -0.23 | -2.39 | 2.72 | 7.34 | 7.44 | 6.39 | 6.60 | 3.99 | 6.86 | 9.37 |
OPM % | 11.68% | 6.79% | 5.63% | -1.84% | -38.55% | 9.32% | 13.32% | 14.62% | 15.80% | 9.86% | 4.95% | 8.23% | 10.23% |
2.54 | 0.12 | 2.28 | 0.89 | 0.36 | 0.15 | -1.14 | 0.12 | 0.18 | 0.91 | 0.61 | 0.64 | 0.00 | |
Interest | 1.01 | 1.01 | 0.18 | 0.99 | 0.82 | 0.94 | 1.08 | 0.62 | 0.62 | 0.62 | 0.94 | 0.48 | 0.44 |
Depreciation | 0.73 | 0.80 | 1.04 | 1.21 | 1.33 | 1.16 | 1.22 | 1.35 | 1.56 | 1.53 | 1.62 | 1.55 | 1.56 |
Profit before tax | 5.46 | 0.56 | 2.56 | -1.54 | -4.18 | 0.77 | 3.90 | 5.59 | 4.39 | 5.36 | 2.04 | 5.47 | 7.37 |
Tax % | -0.55% | 55.36% | 58.59% | -27.27% | -11.48% | 42.86% | 46.67% | 18.25% | 18.45% | 29.85% | 19.12% | 27.06% | |
5.49 | 0.25 | 1.06 | -1.12 | -3.70 | 0.43 | 2.08 | 4.57 | 3.58 | 3.76 | 1.64 | 3.99 | 5.49 | |
EPS in Rs | 5.02 | 0.23 | 0.97 | -1.02 | -3.38 | 0.39 | 1.90 | 4.18 | 3.27 | 3.44 | 1.50 | 3.65 | 5.01 |
Dividend Payout % | 29.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 27% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 8% |
3 Years: | 4% |
TTM: | 88% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 34% |
3 Years: | 38% |
1 Year: | 127% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 11% |
3 Years: | 9% |
Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
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 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 | 10.94 |
Reserves | 12.55 | 12.65 | 13.61 | 12.49 | 8.79 | 9.15 | 11.20 | 15.70 | 18.91 | 22.64 | 24.28 | 28.14 | 28.88 |
14.17 | 15.54 | 10.08 | 6.60 | 4.00 | 5.00 | 4.58 | 4.53 | -0.26 | 5.33 | -1.55 | -1.14 | 0.00 | |
7.51 | 5.57 | 5.35 | 3.57 | 3.73 | 7.72 | 12.90 | 12.10 | 12.16 | 12.89 | 11.25 | 13.73 | 11.97 | |
Total Liabilities | 45.17 | 44.70 | 39.98 | 33.60 | 27.46 | 32.81 | 39.62 | 43.27 | 41.75 | 51.80 | 44.92 | 51.67 | 51.79 |
7.72 | 11.67 | 14.60 | 14.35 | 13.02 | 12.02 | 12.83 | 17.65 | 16.12 | 17.71 | 16.58 | 15.81 | 15.22 | |
CWIP | 0.37 | 4.59 | 4.91 | 5.37 | 5.36 | 5.55 | 5.70 | 2.55 | 2.67 | 0.00 | 0.39 | 0.13 | 0.24 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
37.08 | 28.44 | 20.47 | 13.88 | 9.08 | 15.24 | 21.09 | 23.07 | 22.96 | 34.09 | 27.95 | 35.73 | 36.33 | |
Total Assets | 45.17 | 44.70 | 39.98 | 33.60 | 27.46 | 32.81 | 39.62 | 43.27 | 41.75 | 51.80 | 44.92 | 51.67 | 51.79 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.54 | 11.21 | 9.72 | -0.51 | 4.22 | 0.11 | 4.19 | 3.91 | 5.58 | -4.70 | 7.40 | 0.52 | |
3.00 | -9.50 | -3.45 | -1.20 | 0.05 | -0.34 | -3.41 | -2.97 | -0.03 | -0.32 | -0.79 | -0.43 | |
-2.61 | -0.02 | -6.14 | -0.80 | 0.16 | -1.36 | -1.00 | 0.78 | -1.78 | -0.41 | -0.53 | -0.11 | |
Net Cash Flow | -0.15 | 1.69 | 0.13 | -2.51 | 4.43 | -1.59 | -0.22 | 1.72 | 3.76 | -5.43 | 6.07 | -0.03 |
Ratios
Figures in Rs. Crores
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 | 78.03 | 44.06 | 64.21 | 86.86 | 159.54 | 99.98 | 85.77 | 107.25 | 111.56 | 97.86 | 76.03 | 86.61 |
Inventory Days | 248.94 | 303.50 | 159.10 | 531.23 | 809.16 | 131.58 | 69.24 | 75.95 | 149.73 | 126.36 | 70.26 | 107.51 |
Days Payable | 59.14 | 97.73 | 107.63 | 95.32 | 448.55 | 139.76 | 110.85 | 114.59 | 156.19 | 81.40 | 50.78 | 65.75 |
Cash Conversion Cycle | 267.83 | 249.83 | 115.68 | 522.77 | 520.14 | 91.80 | 44.16 | 68.60 | 105.10 | 142.82 | 95.51 | 128.37 |
Working Capital Days | 243.61 | 187.68 | 159.50 | 269.95 | 237.25 | 78.96 | 56.23 | 79.84 | 100.46 | 117.11 | 80.74 | 99.39 |
ROCE % | 13.71% | 4.09% | 5.31% | -1.70% | -12.50% | 7.01% | 24.09% | 21.45% | 16.49% | 17.46% | 8.21% | 16.62% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Nov
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Appointment of Company Secretary and Compliance Officer
9 Nov - Appointment of CS Mahendra Samdole as Company Secretary.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On November 9, 2024
9 Nov - Approval of financial results and appointment of company secretary.
-
Results - Financial Results For September 30, 2024.
9 Nov - Unaudited financial results for Q2 and half year ended September 30, 2024.
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Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Unaudited Financial Results Of The Company For The Quarter Ended September 30, 2024 And To Transact Other General Matters With Permission Of The Chair.
5 Nov - Board meeting to approve Q2 financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company is a holding company of Western India Forgings. It does production of Open Die Forgings and also forge various material grades, namely, plain carbon steels, alloy steels, Stainless Steels, Duplex Steel, 17-4PH, HNS etc. with different sizes and complex shape components. Company has specialization in forgings of critical shaped components like Khuff block, ‘Y’ blocks, Studded Tees, GV Bodies, etc.