Kriti Industries (India) Ltd

Kriti Industries (India) Ltd

₹ 195 4.94%
22 Jul 2:40 p.m.
About

Incorporated in 1983, Kriti Industries Ltd manufactures premium quality piping products and solutions, accessories, gas pipe, telecom ducts, submersible pipes and casing pipes[1]

Key Points

Business Overview:[1][2]
KIIL manufactures products across 33 extrusion lines
for PVC pipes, 14 extrusion lines for HDPE and drip irrigation, and 27 injection moulding machines,
to facilitate the smooth transmission of liquids (water primarily) from 1 point to another.

  • Market Cap 967 Cr.
  • Current Price 195
  • High / Low 217 / 88.0
  • Stock P/E 45.1
  • Book Value 30.3
  • Dividend Yield 0.11 %
  • ROCE 18.7 %
  • ROE 15.3 %
  • Face Value 1.00

Pros

  • Company's working capital requirements have reduced from 59.9 days to 42.4 days

Cons

  • Stock is trading at 6.44 times its book value
  • The company has delivered a poor sales growth of 8.78% over past five years.
  • Company has a low return on equity of 2.24% over last 3 years.
  • Dividend payout has been low at 3.90% of profits 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.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
125.77 153.99 112.69 118.89 159.17 183.54 104.44 256.15 188.35 279.55 149.66 242.80 194.62
111.52 140.42 100.37 109.11 155.93 189.63 132.04 245.87 172.69 262.06 139.31 224.95 180.83
Operating Profit 14.25 13.57 12.32 9.78 3.24 -6.09 -27.60 10.28 15.66 17.49 10.35 17.85 13.79
OPM % 11.33% 8.81% 10.93% 8.23% 2.04% -3.32% -26.43% 4.01% 8.31% 6.26% 6.92% 7.35% 7.09%
0.26 0.21 0.31 0.25 1.74 3.25 0.03 0.04 0.21 0.64 0.32 1.24 1.18
Interest 2.79 3.40 3.17 3.63 4.15 3.92 4.10 3.99 5.34 4.87 4.80 5.39 5.91
Depreciation 1.85 1.96 1.95 1.96 2.20 2.22 2.20 2.41 2.31 2.84 2.97 3.11 3.07
Profit before tax 9.87 8.42 7.51 4.44 -1.37 -8.98 -33.87 3.92 8.22 10.42 2.90 10.59 5.99
Tax % 26.65% 23.52% 26.90% 8.56% 43.80% 3.01% 2.13% -14.80% -93.80% 26.10% 17.59% 25.87% 41.90%
7.24 6.45 5.49 4.07 -1.97 -9.24 -34.59 4.51 15.92 7.71 2.39 7.85 3.47
EPS in Rs 1.46 1.30 1.11 0.82 -0.40 -1.86 -6.97 0.91 3.21 1.55 0.48 1.58 0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
319 358 362 462 365 428 569 534 589 545 732 867
296 333 343 425 335 398 540 489 520 505 740 807
Operating Profit 24 25 19 38 29 29 29 45 69 39 -8 59
OPM % 7% 7% 5% 8% 8% 7% 5% 8% 12% 7% -1% 7%
2 1 1 2 1 3 2 1 1 2 4 3
Interest 14 14 13 16 12 13 15 17 11 14 17 21
Depreciation 4 4 4 4 5 6 6 7 7 8 9 12
Profit before tax 8 8 4 19 13 14 10 22 51 19 -31 30
Tax % 35% 35% 36% 40% 33% 35% 37% 11% 25% 26% -24% 28%
5 5 3 12 9 9 7 19 38 14 -23 21
EPS in Rs 1.01 1.08 0.54 2.36 1.76 1.86 1.33 3.88 7.71 2.83 -4.72 4.32
Dividend Payout % 15% 14% 0% 8% 9% 8% 11% 4% 3% 7% 0% 5%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 14%
TTM: 18%
Compounded Profit Growth
10 Years: 15%
5 Years: 26%
3 Years: -18%
TTM: 185%
Stock Price CAGR
10 Years: 36%
5 Years: 59%
3 Years: 18%
1 Year: 42%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 2%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 40 45 47 58 65 75 80 99 136 149 124 145
41 36 46 57 69 61 74 77 81 107 128 137
117 130 86 99 98 114 148 171 134 156 161 173
Total Liabilities 203 215 183 218 237 255 308 352 356 416 419 461
44 46 51 55 74 79 95 102 100 106 124 155
CWIP 0 1 3 4 0 0 1 1 9 14 17 13
Investments 8 8 8 8 8 8 8 7 7 8 11 12
151 160 121 152 155 167 205 242 239 289 268 280
Total Assets 203 215 183 218 237 255 308 352 356 416 419 461

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19 28 13 13 26 29 15 28 31 4 27 58
-6 -8 -10 -9 -18 -11 -22 -14 -15 -15 -31 -46
-13 -20 -3 -3 -8 -16 6 -14 -16 11 4 -12
Net Cash Flow 0 0 -0 0 -0 1 -1 0 -0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 60 59 27 41 38 37 40 46 23 22 27 28
Inventory Days 107 96 81 65 104 100 87 118 132 172 90 82
Days Payable 146 143 87 75 95 101 94 128 86 106 73 71
Cash Conversion Cycle 21 12 21 31 48 36 32 37 70 88 44 40
Working Capital Days 31 23 26 36 44 36 35 44 62 88 49 42
ROCE % 26% 26% 18% 32% 20% 19% 17% 24% 31% 14% -6% 19%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.34% 66.34% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.77%
0.00% 0.00% 0.03% 0.09% 0.01% 0.00% 0.06% 0.08% 0.01% 0.15% 0.01% 0.46%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.66% 33.66% 33.62% 33.56% 33.64% 33.65% 33.58% 33.57% 33.64% 33.49% 33.64% 32.77%
No. of Shareholders 9,29510,77912,00612,18312,36011,90310,73310,19111,17111,26513,66511,797

* 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.

Documents

Concalls