Krishca Strapping Solutions Ltd

Krishca Strapping Solutions Ltd

₹ 274 -4.16%
21 Nov 12:17 p.m.
About

Incorporated in 2017, Krishca Strapping
Solutions Ltd is in the business of manufacturing steel straps, seals, and to provide total packaging solution[1]

Key Points

Business Overview:[1]
KSSL is a Chennai-based manufacturer and wholesaler of High Tensile Steel
Straps, Strapping Seals and Strapping Tools for packaging. It has India's first
Lead-Free and eco-friendly production line for the heat treatment of steel
strapping

  • Market Cap 389 Cr.
  • Current Price 274
  • High / Low 430 / 191
  • Stock P/E 29.9
  • Book Value 32.4
  • Dividend Yield 0.00 %
  • ROCE 45.8 %
  • ROE 52.9 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 76.5%

Cons

  • Stock is trading at 8.40 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Steel Industry: Steel - Medium / Small

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024
48 57 64
41 45 54
Operating Profit 8 12 9
OPM % 16% 21% 15%
0 0 0
Interest 1 1 1
Depreciation 0 1 1
Profit before tax 8 10 7
Tax % 25% 24% 26%
6 8 5
EPS in Rs 4.71 6.26 3.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1 9 19 72 105 120
2 9 16 58 85 99
Operating Profit -1 1 3 14 20 21
OPM % -151% 6% 17% 19% 19% 17%
0 0 0 0 1 1
Interest 0 1 1 1 1 2
Depreciation 0 1 1 1 1 2
Profit before tax -2 -1 2 12 18 17
Tax % -0% 0% 12% 21% 24%
-2 -1 2 9 13 13
EPS in Rs -8.97 -2.68 3.02 10.67 10.97 10.09
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 123%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 179%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 23%
Return on Equity
10 Years: %
5 Years: %
3 Years: 77%
Last Year: 53%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 5 9 12
Reserves -2 -4 -3 2 27
8 13 9 12 20
0 1 4 12 18
Total Liabilities 9 13 15 35 78
6 6 4 4 5
CWIP 0 0 1 5 20
Investments 0 0 0 0 0
4 7 10 26 52
Total Assets 9 13 15 35 78

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -1 0 11 2
-3 -3 -1 -5 -19
3 4 1 -6 18
Net Cash Flow -0 0 0 -0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 293 89 113 61 83
Inventory Days 796 111 43 78 65
Days Payable 20 33 30 59 65
Cash Conversion Cycle 1,068 167 126 80 83
Working Capital Days 1,274 226 88 64 106
ROCE % 1% 20% 74% 46%

Shareholding Pattern

Numbers in percentages

4 Recently
May 2023Sep 2023Mar 2024Sep 2024
86.34% 62.59% 62.59% 51.86%
0.00% 0.78% 0.00% 0.02%
13.66% 36.64% 37.42% 48.13%
No. of Shareholders 88011,7472,630

* 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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