Krishanveer Forge Ltd - Stock Valuation and Financial Performance

BSE: 513369 | NSE: | Forgings | Small Cap

Krishanveer Forge Ltd Share Price

80.61 -4.24 -5.00%
as on 21-Feb'24 16:59

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Krishanveer Forge stock performance -

mw4me loader
P/E Ratio (SA):
19.36
Market Cap:
88.2 Cr.
52-wk low:
35.7
52-wk high:
94.9

Is Krishanveer Forge Ltd an attractive stock to invest in?

1. Is Krishanveer Forge Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Krishanveer Forge Ltd is a average quality company.

2. Is Krishanveer Forge Ltd undervalued or overvalued?

The key valuation ratios of Krishanveer Forge Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Krishanveer Forge Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Krishanveer Forge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Krishanveer Forge:

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.
Krishanveer Forge Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.1%-0.7%-1.8%-11.7%4.3%14.5%17.3%13.2%12.2%6.3%-
Value Creation
Index
-0.6-1.1-1.1-1.8-0.70.00.2-0.1-0.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 33.126.712.56.229.255.150.940.467.280.979
Sales YoY Gr.--19.6%-53.2%-50.3%370.5%88.9%-7.7%-20.5%66.2%20.4%-
Adj EPS 0.9-0.4-1.2-3.40.42.74.23.33.41.54.2
YoY Gr.--140.9%NANANA661.1%52.2%-21.6%4.9%-56.3%-
BVPS (₹) 21.622.421.41818.420.224.427.330.732.234.9
Adj Net
Profit
1-0.4-1.3-3.70.434.63.63.81.65
Cash Flow from Ops. 129.7-0.54.20.14.23.95.6-4.77.4-
Debt/CF from Ops. 1.31-12.9146.91.11.2-0.1-1.1-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.4%22.6%16.7%20.4%
Adj EPS 6.1%33%-28.9%-56.3%
BVPS4.6%11.9%9.8%4.9%
Share Price 17.4% 19.2% 32.1% 99.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.1-1.6-5.4-17.2214.218.712.711.84.812.4
Op. Profit
Mgn %
9.95.6-1.8-38.69.313.314.615.89.84.99.5
Net Profit
Mgn %
2.9-1.5-10.3-60.11.45.498.95.625.8
Debt to
Equity
0.70.40.30.20.30.20.2-00.2-0-
Working Cap
Days
32828844660313711916121515914571
Cash Conv.
Cycle
14010718732065496796909451

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.40%

Sales growth is growing at healthy rate in last 3 years 16.72%

Net Profit has been subdued in last 3 years -28.88%

Sales growth is not so good in last 4 quarters at -5.70%

Latest Financials - Krishanveer Forge Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 -
TTM Sales (₹ Cr.) 79.2 -
BVPS (₹.) 34.9 -
Reserves (₹ Cr.) 27 -
P/BV 2.31 -
PE 19.36 -
From the Market
52 Week Low / High (₹) 35.70 / 94.90
All Time Low / High (₹) 0.90 / 94.90
Market Cap (₹ Cr.) 88.2
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 38.2

Management X-Ray of Krishanveer Forge:

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 Krishanveer Forge

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Krishanveer Forge Ltd Stock News

Krishanveer Forge Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Krishanveer Forge on 21-Feb-2024 16:59 is ₹80.61.
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 21-Feb-2024 16:59 the market cap of Krishanveer Forge stood at ₹88.18.
The latest P/E ratio of Krishanveer Forge as of 21-Feb-2024 16:59 is 19.36.
The latest P/B ratio of Krishanveer Forge as of 21-Feb-2024 16:59 is 2.31.
The 52-week high of Krishanveer Forge is ₹94.90 and the 52-week low is ₹35.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Krishanveer Forge is ₹79.16 ( Cr.) .

About Krishanveer Forge Ltd

Rajkumar Forge is one of the leading manufacturer and exporter of Medium and Heavy Open Die Forgings from India. Promoted by technocrats who have shaped the forging industry in the country over the last four decades and well supported by a skilled and qualified team of Engineers, Rajkumar Forge strives continuously to meet the ongoing needs of its global and domestic partners by providing value for money. Rajkumar Forge produces goods to International level at optimal costs.

Rajkumar Forge has created a state-of-the-art forging facility comparable with the best in the world. A carefully selected Brand New 1600 Ton Integrated forging complex ensures maximum cost effectiveness and consistent quality. Their Quality Commitment with a through understanding of Metallurgy and Manufacturing Methods & their Customer’s requirement ensure Total Customer Satisfaction.

Rajkumar Forge manufactures critical forgings and specialized components for the Oil, Gas, Power, Iron, Steel, Sugar, Cement, Chemical, Fertilizers, General Engineering & other Allied Industries in the CORE SECTOR.

Rajkumar Forge is one of the leading Exporter of Critical forgings and has a good presence in the South East Asian Markets. The Management is consciously committed to increase its Global presence and Customer base both geographically and in product portfolio. All developments and improvements are centered over this philosophy.

Products manufactured by the company includes:

Forgings are supplied to the following industries and in following material grades:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Die Steel
  • Hot & Cold Working Tool Steel

Sugar - Mill Roller Shafts, Gear Shafts, Tail Bars, Gear Rings and Blanks. 

Steel -  Table Rolls, Pinions, Spindles, Rolls for Slab & Continuous Caster, Blooming Mill & Hot Rolling Mill Rolls, Elongator Rolls, Wobblers and Gearing Components. 

Cement - Kiln and Mill Rollers, Pinions and Pinion Shafts, Axles, Tie Rods and Location Bearings. Gear - Gear Blanks & Gear Rings.

Power - Rotor Shafts for Compressors, Alternators, Generators, Turbines (Hydro, Wind and Steam), Rotor Discs, Tube Sheets, Nozzles, Girth & Blind Flanges, Casings & Trunions, Vertical & Ball Mill Drive Shafts, Fan and Pump Shafts. 

Chemical & Fertilizers - Fluid Ends, Manifolds and Tube Sheets, Flanges. 

Oil Field Application - Round Bars and Square Bars, Casing Heads, Cross Forgings, Tubing Spool, Y Forgings, Body Blocks Forgings for SSSB and SSBT Valves, Shaped, Forging for Hangers, Body Housing, Slip Lock Housing etc. 

Others - Piston Roads, Eccentric Shafts, Tie Rods, Ram, Sow Blocks, Bolster Plates for Hammers & Presses, Die Blocks for Plastic Molding and Forging Industries, Tool for forming and extrusions.      

Achievements/ recognition:

  • The company is ISO 9001-2000 certified
  • ISO 14001 for Environmental Management Systems.
  • OHSAS 18001 for Occupational Health and Safety Management System.
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