Kranti Industries Ltd

Kranti Industries Ltd

₹ 73.1 -1.75%
28 Aug 4:01 p.m.
About

Incorporated in 2019, Kranti Industries Limited is a precision machining company in the auto ancillary and allied sectors[1]

Key Points

Business Overview:[1][2]
Company is an OEM supplier of all types
of Critical Machined Components to Indian
and global automobile companies. It manufactures machines casting for transmission, axles, chassis, engines, and other parts for the automotive industry including electric vehicles.

  • Market Cap 83.4 Cr.
  • Current Price 73.1
  • High / Low 103 / 63.0
  • Stock P/E
  • Book Value 31.4
  • Dividend Yield 0.00 %
  • ROCE 4.24 %
  • ROE 0.28 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.64% over last 3 years.
  • Debtor days have increased from 38.3 to 56.8 days.
  • Promoter holding has decreased over last 3 years: -5.13%
  • Working capital days have increased from 39.0 days to 73.7 days

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
19.43 25.38 26.04 22.87 24.44 24.85 21.61 22.34 25.87 21.64 21.31 21.46 20.17
17.37 23.11 23.27 20.87 21.10 21.98 19.47 21.28 23.46 18.84 19.72 19.34 19.08
Operating Profit 2.06 2.27 2.77 2.00 3.34 2.87 2.14 1.06 2.41 2.80 1.59 2.12 1.09
OPM % 10.60% 8.94% 10.64% 8.75% 13.67% 11.55% 9.90% 4.74% 9.32% 12.94% 7.46% 9.88% 5.40%
0.06 0.03 0.04 0.08 0.04 0.01 -0.07 4.13 0.28 0.00 0.13 0.21 0.22
Interest 0.49 0.48 0.59 0.69 0.66 0.69 0.63 0.52 0.96 0.96 0.90 1.04 1.07
Depreciation 0.95 1.01 1.09 1.12 1.01 1.02 1.02 1.09 1.43 1.65 1.71 1.89 1.57
Profit before tax 0.68 0.81 1.13 0.27 1.71 1.17 0.42 3.58 0.30 0.19 -0.89 -0.60 -1.33
Tax % 0.00% 0.00% 53.98% 18.52% 25.15% 38.46% 4.76% 20.67% 56.67% -21.05% 10.11% -216.67% -27.07%
0.67 0.81 0.52 0.22 1.28 0.72 0.39 2.83 0.14 0.23 -0.99 0.69 -0.98
EPS in Rs 0.63 0.77 0.49 0.21 1.20 0.68 0.37 2.68 0.26 0.53 -0.62 0.33 -0.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
28.36 28.77 46.03 60.70 48.97 55.73 93.66 93.24 90.29 84.58
22.77 24.45 40.31 52.66 45.66 50.55 84.56 83.83 81.34 76.98
Operating Profit 5.59 4.32 5.72 8.04 3.31 5.18 9.10 9.41 8.95 7.60
OPM % 19.71% 15.02% 12.43% 13.25% 6.76% 9.29% 9.72% 10.09% 9.91% 8.99%
0.57 0.56 0.07 0.48 0.29 0.41 0.17 4.10 0.61 0.56
Interest 2.63 2.63 2.20 2.39 1.74 1.92 2.25 2.50 3.88 3.97
Depreciation 3.67 3.36 2.99 3.08 3.16 3.79 4.18 4.14 6.68 6.82
Profit before tax -0.14 -1.11 0.60 3.05 -1.30 -0.12 2.84 6.87 -1.00 -2.63
Tax % 50.00% -16.22% -46.67% 30.82% -26.15% -83.33% 23.24% 24.02% -108.00%
-0.21 -0.94 0.90 2.11 -1.04 -0.13 2.22 5.22 0.07 -1.05
EPS in Rs -0.25 -1.09 1.05 1.99 -0.97 -0.12 2.10 4.94 0.47 -0.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 17%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: -45%
3 Years: 30%
TTM: -116%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 40%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 6%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7.05 7.05 7.05 8.80 8.80 8.80 10.56 10.56 11.41
Reserves 6.02 5.09 5.98 11.52 10.48 11.28 11.61 16.85 24.43
24.25 24.22 22.50 20.46 24.13 26.60 27.44 32.44 40.98
4.03 7.65 8.82 6.73 8.21 13.33 12.13 13.73 14.66
Total Liabilities 41.35 44.01 44.35 47.51 51.62 60.01 61.74 73.58 91.48
28.94 26.84 24.87 27.46 36.90 38.39 41.13 47.99 56.60
CWIP 0.01 0.00 0.06 0.55 0.01 0.98 4.29 2.77 0.17
Investments 0.08 0.08 0.08 0.23 0.74 0.27 0.43 0.43 0.08
12.32 17.09 19.34 19.27 13.97 20.37 15.89 22.39 34.63
Total Assets 41.35 44.01 44.35 47.51 51.62 60.01 61.74 73.58 91.48

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6.45 4.28 5.04 6.46 7.18 4.41 9.16 5.61 -0.55
-2.68 -1.67 -0.95 -6.48 -11.41 -4.24 -5.69 -5.41 -7.45
-3.97 -2.67 -4.03 1.39 2.83 0.75 -5.05 2.50 4.90
Net Cash Flow -0.20 -0.06 0.05 1.37 -1.39 0.92 -1.58 2.70 -3.10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63.45 96.80 71.29 45.64 27.21 59.80 24.98 33.20 56.80
Inventory Days 112.33 158.79 97.83 60.13 92.11 87.47 50.04 55.12 106.36
Days Payable 69.25 162.03 97.36 40.85 83.40 113.53 49.45 60.01 75.23
Cash Conversion Cycle 106.54 93.56 71.75 64.92 35.92 33.74 25.58 28.30 87.92
Working Capital Days 90.99 94.52 37.90 35.30 14.61 34.84 16.25 26.93 73.70
ROCE % 3.91% 7.71% 13.18% 0.48% 3.26% 10.57% 9.70% 4.24%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.23% 74.23% 74.23% 74.23% 74.23% 74.33% 74.34% 74.34% 68.86% 68.89% 69.03% 69.10%
25.77% 25.77% 25.77% 25.77% 25.76% 25.69% 25.66% 25.66% 31.14% 31.10% 30.98% 30.90%
No. of Shareholders 2619751,3421,9392,6552,8442,9723,3263,6303,6403,7573,802

Documents

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