Krishna Defence & Allied Industries Ltd
Incorporated in 1996, Krishna Defence and Allied Industries Limited develop, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products and has two manufacturing plants located in Gujarat, Kalol, and Halol district near Vadodara.[1]
- Market Cap ₹ 1,355 Cr.
- Current Price ₹ 989
- High / Low ₹ 1,130 / 171
- Stock P/E 138
- Book Value ₹ 72.0
- Dividend Yield 0.00 %
- ROCE 26.3 %
- ROE 26.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 36.6% CAGR over last 5 years
- Debtor days have improved from 136 to 92.2 days.
- Promoter holding has increased by 0.98% over last quarter.
- Company's working capital requirements have reduced from 148 days to 114 days
Cons
- Stock is trading at 13.7 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: Aerospace & Defence Industry: Diversified - Medium / Small
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 58 | 25 | 35 | 50 | 63 | 106 | |
| 52 | 21 | 30 | 43 | 54 | 91 | |
| Operating Profit | 6 | 4 | 5 | 7 | 9 | 15 |
| OPM % | 10% | 16% | 13% | 14% | 14% | 15% |
| 1 | 1 | 1 | 0 | 1 | 1 | |
| Interest | 2 | 2 | 2 | 2 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 3 | 1 | 3 | 4 | 7 | 13 |
| Tax % | 28% | 34% | 30% | 30% | 21% | 26% |
| 2 | 1 | 2 | 2 | 5 | 10 | |
| EPS in Rs | 4.90 | 1.79 | 4.43 | 2.93 | 4.63 | 7.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 45% |
| TTM: | 68% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 74% |
| TTM: | 85% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 447% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 20% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 8 | 11 | 14 |
| Reserves | 11 | 12 | 14 | 16 | 25 | 85 |
| 27 | 26 | 26 | 23 | 19 | 9 | |
| 23 | 20 | 12 | 21 | 30 | 25 | |
| Total Liabilities | 66 | 61 | 56 | 68 | 85 | 133 |
| 10 | 10 | 10 | 14 | 12 | 15 | |
| CWIP | 0 | 2 | 3 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 55 | 49 | 43 | 54 | 70 | 119 | |
| Total Assets | 66 | 61 | 56 | 68 | 85 | 133 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 3 | 7 | 2 | 4 | -7 | -3 | |
| -8 | -4 | -0 | -4 | 1 | -37 | |
| 5 | -3 | -2 | -1 | 6 | 45 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 199 | 179 | 138 | 161 | 155 | |
| Inventory Days | 106 | 1,195 | 343 | 271 | 313 | |
| Days Payable | 162 | 622 | 151 | 241 | 248 | |
| Cash Conversion Cycle | 143 | 752 | 330 | 191 | 219 | |
| Working Capital Days | 137 | 254 | 199 | 137 | 192 | |
| ROCE % | 8% | 11% | 12% | 16% |
Documents
Announcements
-
Updates
1 July 2024 - Krishna Defence And Allied Industries Limited has informed regarding 'Business Update'.
-
Updates
1 July 2024 - Krishna Defence And Allied Industries Limited has informed regarding 'Award of Order'.
-
Updates
26 June 2024 - Krishna Defence And Allied Industries Limited has informed regarding 'Reply to Clarification Sought '.
-
Updates
26 June 2024 - Krishna Defence And Allied Industries Limited has informed regarding ''.'Disclosure under Regulation 30(5) of SEBI (LODR) Regulations, 2015'.
-
Clarification
26 June 2024 - KRISHNADEF:The Exchange has sought clarification from Krishna Defence And Allied Industries Limited with respect to announcement dated 25-May-2024, regarding " Krishna Defence And Allied Industries …
Annual reports
Concalls
-
Jun 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Jun 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptNotesPPT
-
Jun 2022Transcript PPT
Diversified Business Offerings[1] Krishna Defence and Allied Industries Ltd. (KDAIL) is engaged in manufacturing defense application products, dairy equipment products, and kitchen equipment. It has entered into various licensing agreements with the Defence Research and Development Organization ("DRDO") to obtain the know-how and rights that enable it to manufacture and supply specialized defense application products for the Indian Armed Forces.
Business segments:
A) Defense segment[2] KDAIL provides a wide array of high-performance products for naval applications and other utilities such as shipbuilding steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, superalloys weld consumables like welding wire, flux, and electrodes, food container and improved space heating device, which is also known as Bukhari.