Kritika Wires Ltd

Kritika Wires Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kritika Wires Ltd

₹ 12.1 -3.36%
21 Nov - close price
kritikawires.com/index.html NSE: KRITIKA
About

Incorporated in 2004, Kritika Wires Ltd manufactures, exports and supplies a wide range of Industrial Steel Wires and Galvanised Wires[1]

Key Points

Business Overview:[1]
KWL is a professionally managed company of Jai Hanuman Group. It is an ISO 9001:2015, ISO 14001:2015, OHSA S18001:2007 company manufacturing Steel Wire and Galvanized for State Electricity Boards, Power Grid Corporation of India Ltd, etc.

Website NSE - BE
  • Market Cap ₹ 322 Cr.
  • Current Price ₹ 12.1
  • High / Low ₹ 24.5 / 8.20
  • Stock P/E 27.8
  • Book Value ₹ 3.34
  • Dividend Yield 0.00 %
  • ROCE 15.7 %
  • ROE 12.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 52.8 to 35.5 days.

Cons

  • Stock is trading at 3.62 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -9.20%
  • Company has a low return on equity of 9.25% over last 3 years.
  • Earnings include an other income of Rs.7.73 Cr.

* 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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Quarterly Results

Figures in Rs. Crores

Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
50.60 61.19 74.18 65.92 61.08 62.56 92.73 101.06 104.87 92.35 133.47 168.30 158.60
50.40 59.66 68.90 64.09 60.13 60.97 88.58 99.17 102.24 90.21 127.13 165.24 155.48
Operating Profit 0.20 1.53 5.28 1.83 0.95 1.59 4.15 1.89 2.63 2.14 6.34 3.06 3.12
OPM % 0.40% 2.50% 7.12% 2.78% 1.56% 2.54% 4.48% 1.87% 2.51% 2.32% 4.75% 1.82% 1.97%
0.91 0.62 0.22 0.47 1.69 1.00 1.29 1.23 1.85 2.08 1.53 1.61 2.51
Interest 0.64 0.50 0.95 0.42 0.81 0.72 1.01 0.76 0.95 1.28 0.80 0.95 1.10
Depreciation 0.55 0.59 0.58 0.55 0.54 0.54 0.58 0.45 0.49 0.51 0.63 0.85 1.12
Profit before tax -0.08 1.06 3.97 1.33 1.29 1.33 3.85 1.91 3.04 2.43 6.44 2.87 3.41
Tax % 0.00% 33.96% 29.47% 21.80% 16.28% 18.80% 27.53% 25.65% 33.22% 22.63% 21.43% 24.39% 28.45%
-0.07 0.71 2.80 1.04 1.09 1.07 2.79 1.43 2.03 1.88 5.06 2.17 2.44
EPS in Rs -0.00 0.03 0.11 0.04 0.04 0.04 0.10 0.05 0.08 0.07 0.19 0.08 0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35 77 255 274 171 135 244 282 432 553
34 73 243 257 167 132 236 274 419 538
Operating Profit 1 4 13 17 4 3 8 9 13 15
OPM % 3% 5% 5% 6% 3% 2% 3% 3% 3% 3%
0 2 5 4 6 4 3 4 7 8
Interest 1 3 8 8 6 3 3 3 4 4
Depreciation 1 2 2 4 3 3 2 2 2 3
Profit before tax -1 0 8 10 2 1 6 8 14 15
Tax % -6% 35% 34% 33% 21% 23% 27% 23% 25%
-0 0 5 7 2 1 4 6 10 12
EPS in Rs -0.10 0.06 0.26 0.25 0.06 0.03 0.15 0.22 0.39 0.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 22% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 48%
TTM: 53%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 182%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: 39%
3 Years: 77%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 9%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 13 18 18 18 18 18 53 53
Reserves 10 11 28 45 46 47 51 56 31 36
20 21 45 42 30 31 21 22 40 50
13 8 55 39 39 29 33 22 28 48
Total Liabilities 47 43 141 144 134 125 124 118 153 186
18 19 23 19 19 17 18 16 25 30
CWIP 2 0 0 3 3 3 0 3 1 1
Investments 0 0 2 3 1 1 1 1 0 2
28 25 116 119 111 104 104 98 126 154
Total Assets 47 43 141 144 134 125 124 118 153 186

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 6 -2 18 2 17 -5 14
0 0 -9 -0 -2 0 -3 7 -11
0 0 -3 4 -18 -2 -12 -3 14
Net Cash Flow 0 0 -6 2 -2 1 1 -1 18

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 152 60 103 100 108 159 76 46 35
Inventory Days 110 49 47 42 81 96 64 59 41
Days Payable 141 35 65 45 73 80 50 28 23
Cash Conversion Cycle 121 74 86 96 116 175 91 78 53
Working Capital Days 144 80 77 96 133 181 90 80 63
ROCE % 5% 19% 8% 4% 9% 12% 16%

Shareholding Pattern

Numbers in percentages

54 Recently
Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.89% 72.89% 72.89% 72.89% 72.89% 72.89% 72.89% 72.89% 59.86% 72.55% 72.55% 63.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.11% 27.10% 27.10% 27.08% 27.10% 27.11% 27.11% 27.11% 40.14% 27.45% 27.45% 36.64%
No. of Shareholders 89921,14626,44627,53527,39426,36733,60142,11947,77749,49164,527

* 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.

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