Kennametal India Ltd

Kennametal India Ltd

₹ 2,970 -0.63%
22 Nov 10:30 a.m.
About

Kennametal India Ltd was incorporated in 1938, it is a 75% subsidiary of Kennametal Inc. It manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments. The manufacturing unit is in Bengaluru.[1][2]

Key Points

Business segments & Revenue Split FY23

  • Market Cap 6,528 Cr.
  • Current Price 2,970
  • High / Low 3,890 / 2,207
  • Stock P/E 55.7
  • Book Value 294
  • Dividend Yield 1.02 %
  • ROCE 24.6 %
  • ROE 18.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 35.4%

Cons

  • Stock is trading at 10.2 times its book value
  • Company has a low return on equity of 13.0% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
217 208 184 96 197 217 228 212 238 239 246 269 267
184 180 162 108 170 186 193 175 192 193 203 224 220
Operating Profit 33 29 22 -13 27 31 35 37 45 46 43 45 47
OPM % 15% 14% 12% -13% 14% 14% 15% 18% 19% 19% 17% 17% 18%
1 -1 1 6 0 1 3 1 2 4 2 2 1
Interest 0 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 8 8 9 10 10 10 9 9 9 9 9 9 9
Profit before tax 26 19 14 -16 18 23 29 29 38 41 36 38 39
Tax % 20% 29% 30% -41% 27% 27% 23% 26% 25% 25% 25% 26% 19%
20 13 10 -10 13 16 22 22 28 31 27 28 32
EPS in Rs 9.33 6.01 4.41 -4.32 6.01 7.51 10.01 9.83 12.88 13.92 12.24 12.79 14.33
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Jun 2020 Jun 2021 Jun 2022 TTM
945 705 854 991 1,021
800 634 723 812 840
Operating Profit 145 71 131 179 180
OPM % 15% 10% 15% 18% 18%
10 7 6 9 9
Interest 0 2 0 0 0
Depreciation 28 34 38 36 35
Profit before tax 127 42 98 153 154
Tax % 29% 19% 26% 25%
90 34 73 114 117
EPS in Rs 41.13 15.42 33.35 51.92 53.28
Dividend Payout % 5% 0% 60% 46%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 32%
Stock Price CAGR
10 Years: 14%
5 Years: 25%
3 Years: 25%
1 Year: 33%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Jun 2020 Jun 2021 Jun 2022
Equity Capital 22 22 22 22
Reserves 501 534 564 624
10 13 0 0
233 130 192 184
Total Liabilities 766 699 777 830
184 247 225 215
CWIP 67 32 52 77
Investments 0 0 0 0
515 420 500 538
Total Assets 766 699 777 830

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Jun 2020 Jun 2021 Jun 2022
71 34 166 49
-106 -54 -25 -62
4 1 -57 -53
Net Cash Flow -31 -19 84 -65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Jun 2020 Jun 2021 Jun 2022
Debtor Days 64 47 48 50
Inventory Days 153 197 164 195
Days Payable 94 58 82 75
Cash Conversion Cycle 123 186 130 170
Working Capital Days 64 96 59 88
ROCE % 9% 17% 25%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.64% 0.69% 0.50% 0.60% 0.62% 0.63% 0.71% 0.87% 0.98% 0.96% 1.00% 0.91%
12.86% 12.94% 12.93% 12.87% 12.73% 12.80% 13.20% 13.04% 13.17% 13.45% 13.56% 13.54%
11.50% 11.37% 11.57% 11.52% 11.66% 11.59% 11.09% 11.09% 10.85% 10.58% 10.43% 10.55%
No. of Shareholders 10,44014,76713,88213,75013,75613,87212,76714,14413,43811,52710,99311,036

* 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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