Keerthi Industries Ltd

Keerthi Indus Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Keerthi Industries Ltd

₹ 93.8 1.90%
22 Nov - close price
keerthiindustries.com BSE: 518011
About

Incorporated in 1982, Keerthi Industries Ltd manufactures cement, printed circuit boards and does generation of wind power[1]

Key Points

Business Divisions:[1]
a) Cement Division:[2]
Company manufactures 43 & 53 grade OPC and PPC Cement under the brand of Suvarna and sells in south India
b) Power Division:[3]
Company had invested in wind power of the capacity of 1,500 KVA project in Hassan district in Karnataka. This was operated and maintained by Suzlon energy. Due to operational difficulties the Power Division was sold in February, 2023
c) Electronics division:[4]
One of group companies viz. Hyderabad Flextech Ltd is a 100% Export Oriented Unit which manufactures Flexible PCB & Regid PCB. It was merged with Keerthi Industries
d) Sugar division:[5]
An integrated sugar project of 3,500 TCD sugar plant, with 26 MW cozen power plant, 50KLPD Distillery, is being set-up in Yadagir Dt. Karnataka, for which Promoters have purchased 150 acres of land for the purpose
e) Oilfield and Natural Gas:[6]
There is no progress in the division

Website BSE
  • Market Cap ₹ 75.3 Cr.
  • Current Price ₹ 93.8
  • High / Low ₹ 152 / 80.0
  • Stock P/E
  • Book Value ₹ 66.9
  • Dividend Yield 0.00 %
  • ROCE -11.2 %
  • ROE -22.5 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.84% over past five years.
  • Company has a low return on equity of -3.37% over last 3 years.
  • Contingent liabilities of Rs.23.9 Cr.
  • Promoters have pledged 40.0% of their holding.

* 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: Cement Industry: Cement - South India

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
54.99 55.77 67.77 57.17 50.20 66.88 66.32 58.23 47.47 56.19 50.23 37.47 28.68
44.57 48.24 66.79 52.38 51.28 69.20 68.08 57.53 49.89 53.38 55.32 40.96 35.38
Operating Profit 10.42 7.53 0.98 4.79 -1.08 -2.32 -1.76 0.70 -2.42 2.81 -5.09 -3.49 -6.70
OPM % 18.95% 13.50% 1.45% 8.38% -2.15% -3.47% -2.65% 1.20% -5.10% 5.00% -10.13% -9.31% -23.36%
0.64 1.16 1.01 0.70 0.60 0.45 0.36 0.37 0.26 0.31 0.40 0.33 0.36
Interest 0.80 0.87 0.88 0.74 0.79 0.80 1.00 1.41 1.52 1.58 1.55 1.53 1.58
Depreciation 2.29 2.29 2.43 2.31 2.36 2.38 2.44 2.93 3.03 3.05 3.02 3.00 3.05
Profit before tax 7.97 5.53 -1.32 2.44 -3.63 -5.05 -4.84 -3.27 -6.71 -1.51 -9.26 -7.69 -10.97
Tax % 35.51% 28.75% -17.42% 25.82% -28.93% -3.96% -61.78% 31.50% -12.67% -30.46% -51.51% -28.61% -58.89%
5.13 3.94 -1.08 1.81 -2.57 -4.86 -1.84 -4.30 -5.86 -1.04 -4.49 -5.48 -4.52
EPS in Rs 6.40 4.91 -1.35 2.26 -3.21 -6.06 -2.30 -5.36 -7.31 -1.30 -5.60 -6.84 -5.64
Raw PDF

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
108 125 153 183 198 193 184 172 232 250 241 212 173
104 122 127 141 166 166 177 164 184 219 241 216 185
Operating Profit 3 3 26 41 32 26 8 8 49 31 -0 -4 -12
OPM % 3% 2% 17% 23% 16% 14% 4% 5% 21% 12% -0% -2% -7%
-5 -1 3 3 2 2 4 10 -3 4 2 1 1
Interest 9 9 9 6 7 7 7 6 5 3 3 6 6
Depreciation 14 14 8 8 9 11 11 11 10 9 9 12 12
Profit before tax -24 -21 10 30 18 11 -5 1 30 22 -11 -21 -29
Tax % 2% -13% -81% 33% 37% 27% -101% 135% 35% 30% -35% -24%
-25 -18 19 20 11 8 0 -0 19 16 -7 -16 -16
EPS in Rs -30.62 -22.50 23.54 24.84 14.21 9.92 0.09 -0.40 24.02 19.51 -9.03 -19.57 -19.38
Dividend Payout % 0% 0% 0% 0% 0% 9% 1,031% -226% 6% 8% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: -3%
TTM: -28%
Compounded Profit Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: 7%
Stock Price CAGR
10 Years: 13%
5 Years: 14%
3 Years: -12%
1 Year: -22%
Return on Equity
10 Years: 11%
5 Years: 2%
3 Years: -3%
Last Year: -23%

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 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 23 5 23 43 41 49 48 47 66 80 71 56 46
86 89 82 86 66 63 61 56 30 30 65 61 59
55 51 37 38 60 51 39 32 47 44 43 50 60
Total Liabilities 171 153 150 175 176 171 157 143 150 163 188 174 173
130 116 107 102 121 114 107 100 92 86 80 114 110
CWIP 2 0 0 21 0 0 0 0 0 9 41 2 1
Investments 0 0 0 0 0 1 1 2 2 3 3 3 3
40 37 43 53 55 55 48 41 56 64 63 55 58
Total Assets 171 153 150 175 176 171 157 143 150 163 188 174 173

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
12 -11 18 25 34 26 8 12 38 9 6 16
-2 3 0 -23 -9 -3 -4 -4 -1 -14 -35 -6
-10 9 -17 -2 -18 -24 -9 -5 -29 -4 30 -10
Net Cash Flow -1 0 1 -0 7 -2 -6 3 7 -9 1 -1

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 20 10 4 5 5 6 7 7 8 9 10 10
Inventory Days 347 211 433 465 351 398 222 237 329 287 461 285
Days Payable 350 246 420 338 293 331 205 184 156 117 232 290
Cash Conversion Cycle 17 -25 17 131 63 73 23 61 181 180 239 5
Working Capital Days -98 -62 -32 10 -54 -21 -13 -19 -5 21 15 -15
ROCE % -7% -8% 17% 27% 20% 16% 1% -0% 38% 23% -6% -11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92% 74.92%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.03% 25.05% 25.05% 25.05% 25.05%
No. of Shareholders 13,47713,32213,26913,22713,11213,03112,96712,88112,83312,75612,74912,769

* 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.

Click on the line-items to see the names of individual entities.

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