Kriti Industries (India) Ltd

Kriti Industries (India) Ltd

₹ 195 5.02%
22 Jul 12:21 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 44.1
  • Book Value 30.6
  • Dividend Yield 0.11 %
  • ROCE 19.2 %
  • ROE 15.6 %
  • Face Value 1.00

Pros

  • Company's working capital requirements have reduced from 59.8 days to 42.2 days

Cons

  • Stock is trading at 6.38 times its book value
  • The company has delivered a poor sales growth of 8.08% over past five years.
  • Company has a low return on equity of 3.84% over last 3 years.
  • Dividend payout has been low at 3.17% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
112.79 140.42 100.37 109.11 155.93 189.63 132.04 245.86 172.70 262.06 139.31 224.95 180.83
Operating Profit 12.98 13.57 12.32 9.78 3.24 -6.09 -27.60 10.29 15.65 17.49 10.35 17.85 13.79
OPM % 10.32% 8.81% 10.93% 8.23% 2.04% -3.32% -26.43% 4.02% 8.31% 6.26% 6.92% 7.35% 7.09%
0.25 6.09 0.33 0.24 1.48 3.25 0.03 0.04 0.11 0.66 0.32 1.23 1.18
Interest 2.79 3.40 3.17 3.63 3.90 3.78 3.95 3.84 5.17 4.73 4.65 5.24 5.76
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 8.59 14.30 7.53 4.43 -1.38 -8.84 -33.72 4.08 8.28 10.58 3.05 10.73 6.14
Tax % 30.62% 13.85% 26.83% 8.13% 43.48% 3.05% 2.14% -11.52% -93.12% 26.09% 18.03% 25.91% 41.53%
5.96 12.32 5.51 4.08 -1.97 -9.11 -34.44 4.55 15.99 7.86 2.51 7.96 3.60
EPS in Rs 1.20 2.48 1.11 0.82 -0.40 -1.84 -6.94 0.92 3.22 1.58 0.51 1.60 0.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
332 370 380 480 387 446 588 534 589 545 732 867
309 345 360 442 357 416 558 489 522 505 740 807
Operating Profit 24 25 20 38 30 30 29 45 67 39 -8 59
OPM % 7% 7% 5% 8% 8% 7% 5% 8% 11% 7% -1% 7%
2 1 1 2 1 3 2 1 1 8 3 3
Interest 14 14 13 17 13 13 15 17 11 14 17 20
Depreciation 5 5 5 4 5 6 6 7 7 8 9 12
Profit before tax 6 7 4 18 12 14 10 21 49 25 -30 30
Tax % 42% 40% 41% 41% 35% 34% 40% 11% 26% 20% -24% 28%
4 4 2 11 8 9 6 18 36 20 -23 22
EPS in Rs 0.75 0.88 0.42 2.17 1.64 1.85 1.21 3.73 7.27 4.02 -4.64 4.42
Dividend Payout % 20% 17% 0% 8% 9% 8% 12% 4% 3% 5% 0% 5%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 14%
TTM: 18%
Compounded Profit Growth
10 Years: 18%
5 Years: 30%
3 Years: -15%
TTM: 188%
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: 4%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 43 45 55 62 71 76 94 129 149 125 147
43 38 49 60 72 63 76 77 81 99 120 128
121 134 91 103 105 118 154 177 150 156 161 174
Total Liabilities 209 220 190 223 243 258 311 353 365 409 411 454
51 52 56 60 79 83 99 106 100 106 124 155
CWIP 0 1 3 4 0 0 1 1 8 14 17 13
Investments 0 0 0 0 0 0 0 0 0 0 3 4
158 167 130 159 165 174 212 246 256 290 268 281
Total Assets 209 220 190 223 243 258 311 353 365 409 411 454

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 28 14 13 26 31 18 32 30 4 27 58
-6 -8 -10 -9 -18 -12 -25 -16 -14 -7 -31 -46
-14 -20 -4 -4 -9 -18 6 -16 -16 3 4 -12
Net Cash Flow 0 0 -0 0 -0 1 -2 0 -0 0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 61 61 31 43 43 40 42 50 24 22 27 28
Inventory Days 108 96 81 65 103 99 87 120 132 172 90 82
Days Payable 145 142 88 76 96 101 95 131 92 106 73 71
Cash Conversion Cycle 24 16 25 33 49 38 34 39 64 88 44 40
Working Capital Days 34 26 30 37 45 38 37 45 59 88 49 42
ROCE % 24% 24% 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