Kingfa Science & Technology (India) Ltd - Stock Valuation and Financial Performance

BSE: 524019 | NSE: KINGFA | Plastic Products | Small Cap

Kingfa Science Share Price

1,938.50 69.35 3.71%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kingfa Science

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Kingfa Science & Technology (India) stock performance -

mw4me loader
P/E Ratio (SA):
18.02
Market Cap:
2,263.6 Cr.
52-wk low:
1,243.3
52-wk high:
2,595.1

Is Kingfa Science & Technology (India) Ltd an attractive stock to invest in?

1. Is Kingfa Science & Technology (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kingfa Science & Technology (India) Ltd is a below average quality company.

2. Is Kingfa Science & Technology (India) Ltd undervalued or overvalued?

The key valuation ratios of Kingfa Science & Technology (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Kingfa Science & Technology (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kingfa Science & Technology (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kingfa Science:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kingfa Science & Technology (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -6.1%3.3%14.5%5.6%8.4%7.9%9.7%1.3%13.2%22.7%-
Value Creation
Index
-1.4-0.80.0-0.6-0.4-0.4-0.3-0.9-0.10.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1782193144276027027426271,0481,4041,449
Sales YoY Gr.-23%43.6%36%40.9%16.6%5.7%-15.4%67.1%34%-
Adj EPS -12.3-4.510.4102020.427.32.443.283.4103.7
YoY Gr.-NANA-3.7%99%2.2%33.7%-91.1%1683.5%93.3%-
BVPS (₹) 16.611.9115.6129.8252.1267.9287.8292.3317.6384.8458.3
Adj Net
Profit
-8.5-3.110.810.224.224.733.12.952.3101126
Cash Flow from Ops. -24.3-0.819.2-119-11695.630.3-1.937.827.2-
Debt/CF from Ops. -2.6-89.30.8-0.4-0.20.21.5-35.31.11.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 25.8%18.5%23.7%34%
Adj EPS NA33.1%45.1%93.3%
BVPS41.8%8.8%10.2%21.2%
Share Price 48.6% 23.5% 48.6% 51.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-54.1-31.516.95.68.87.99.80.814.223.824.6
Op. Profit
Mgn %
-1.838.54.56.96.27.52.58.611.112.8
Net Profit
Mgn %
-4.8-1.43.42.443.54.50.557.28.7
Debt to
Equity
5.59.20.10.30.10.10.10.20.10.1-
Working Cap
Days
12312612713915917116921717317388
Cash Conv.
Cycle
5761404265624970412129

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.60%

Sales growth is growing at healthy rate in last 3 years 23.71%

Net Profit is growing at healthy rate in last 3 years 45.11%

Sales growth is not so good in last 4 quarters at 8.51%

Latest Financials - Kingfa Science & Technology (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 103.7 -
TTM Sales (₹ Cr.) 1,449 -
BVPS (₹.) 458.3 -
Reserves (₹ Cr.) 543 -
P/BV 4.08 -
PE 18.02 -
From the Market
52 Week Low / High (₹) 1243.25 / 2595.05
All Time Low / High (₹) 5.13 / 2595.05
Market Cap (₹ Cr.) 2,264
Equity (₹ Cr.) 12.1
Face Value (₹) 10
Industry PE 35.2

Management X-Ray of Kingfa Science:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kingfa Science

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1782193144276027027426271,0481,404
Operating Expenses 1812122884085606666986129661,276
Manufacturing Costs77910181926263243
Material Costs1561822553635005976085238631,117
Employee Cost 78912111115172025
Other Costs 12161422324049465291
Operating Profit -3627194135431582128
Operating Profit Margin (%) -1.9%3.0%8.5%4.5%6.8%5.0%5.8%2.5%7.8%9.1%
Other Income 00146431012
Interest 7872224357
Depreciation 3333689111314
Exceptional Items 00000000-230
Profit Before Tax -12-517183929331241110
Tax -4-2751410971128
Profit After Tax -8-3111225192553181
PAT Margin (%) -4.8%-1.4%3.4%2.9%4.1%2.7%3.3%0.8%2.9%5.8%
Adjusted EPS (₹)-12.3-4.410.512.320.415.720.34.425.367.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 118119131305324349354385466
Share Capital 661010121212121212
Reserves 52109121293312336342372454
Minority Interest0000000000
Debt62751642211745423237
Long Term Debt1515161616171824170
Short Term Debt47600266027181537
Trade Payables283689107148195191218427475
Others Liabilities 116124101512573733
Total Liabilities 1021202304054855515966718801,010

Fixed Assets

Gross Block495259100118124154187197210
Accumulated Depreciation25283024303847577084
Net Fixed Assets242529768886107129127125
CWIP 014110279115123127131
Investments 0000000000
Inventories23325969116103111143261289
Trade Receivables475685130181210197212283358
Cash Equivalents 107104715323242924
Others Assets67916272244405383
Total Assets 1021202304054855515966718801,010

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -24-119-119-1169630-23827
PBT -12-517183929331241110
Adjustment 911853329172343
Changes in Working Capital -21-7-6-139-14773-14-28-13-107
Tax Paid 000-3-10-10-18-3-14-18
Cash Flow From Investing Activity -1-4-47-18-6-77-63-14-19-24
Capex -1-4-47-19-11-81-66-15-19-24
Net Investments 00000000-1-1
Others 0010543111
Cash Flow From Financing Activity 25534137162-72217-14-9
Net Proceeds from Shares 001001123700000
Net Proceeds from Borrowing 11110000000
Interest Paid -7-8-7-1-3-1-4-2-4-5
Dividend Paid 0000000000
Others 2013-6026128-62619-11-4
Net Cash Flow 006-14012-1115-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-54.24-31.1216.939.911.296.057.311.518.319.14
ROCE (%)-8.964.3822.479.4413.279.4610.043.7211.0224.98
Asset Turnover Ratio2.132.222.031.521.391.351.290.991.351.49
PAT to CFO Conversion(x)N/AN/A1.73-9.92-4.645.051.2-0.41.230.33
Working Capital Days
Receivable Days74767281921021001198683
Inventory Days39414748555753747072
Payable Days6264899993105116142136147

Kingfa Science & Technology (India) Ltd Stock News

Kingfa Science & Technology (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kingfa Science on 28-Mar-2024 16:01 is ₹1,938.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Kingfa Science stood at ₹2,263.6.
The latest P/E ratio of Kingfa Science as of 28-Mar-2024 16:01 is 18.02.
The latest P/B ratio of Kingfa Science as of 28-Mar-2024 16:01 is 4.08.
The 52-week high of Kingfa Science is ₹2,595.1 and the 52-week low is ₹1,243.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kingfa Science is ₹1,449 ( Cr.) .

About Kingfa Science & Technology (India) Ltd

Hydro S&S Industries (HSSIL), was established in Technical Collaboration with the Performance Plastics Division of Norsk Hydro Polymers, UK to manufacture Polypropylene Compounds on November 10, 1983. The company is part of the WS Group a well known industrial group in South India with interests in Electrical Transmission and Distribution and in engineering plastics.

It manufactures and sells all kinds of plastics and resinsincluding compounds intermediates derivatives and by-products.

The company has set up a project at Sipcot Industrial Complex Pudukottai in Tamil Nadu on a land admeasuring 7 acres for themanufacture of 2000 metric tons per annum of mineral mouldingcompounds. The company has entered into a technical collaboration agreement with Hydro Polymers Ltd Hampshire England.

The company’s state-of-the-art production facilities are located at Pudukkottai in Tamil Nadu and Pondicherry. The company has the capacity to supply 18000 MTS of compounds per annum and has latest R&D and testing facilities, which include Instron UTM, Ceast Impact and HDT testers, ATLAS weatherometer, UL Chamber, computerised colour matching facilities etc. Both the plants are certified under TS16949 quality standards by Det Norske Veritas.

HSSIL has a marketing reach throughout India, backed by sound manufacturing, R&D, sales and logistical support capability, drawing upon the collective expertise and resource of the entire group to provide state-of-art products, we deliver locally optimized solutions for customers

Product range of the company includes:

  • Polypropylene- Hydro S & S Industries Limited('HSSIL') manufactures a wide range of Reinforced Polypropylene compounds under the HYFIL brand name. Polypropylene modified by the addition of reinforcements such as talc, chalk, mica and glass fibre has enabled it to establish itself as a metal substitute in engineering applications.
  • Thermoplastic Elastomers- A wide range of thermoplastic elastomers under the HYPRENE brand name is also made available. These products are manufactured under a strategic alliance with Advanced Elastomers Systems (AES),USA, the worldwide leader in engineered TPE's. AES provides the base material and technical support to HSSIL for manufacture of TPE's in India.
  • Pultrusion- XTRUGLAS is the trade name of HSSIL products manufactured by Pultrusion process. Xtruglas pultruded sections are similar to extrusions in that they have a constant cross section and are made by a continuous process. They are manufactured from a wide variety of high performance thermosetting resins with fibre reinforcements namely glass and carbon.
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