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Krishna Defence and Allied Industries Ltd (KRISHNADEF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: KRISHNADEF Aerospace & Defense | Small Cap | Krishna Defence Share Price

BSE Share Price
Not Listed

Krishna Defence and Allied Industries Ltd (KRISHNADEF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: KRISHNADEF Aerospace & Defense | Small Cap | Krishna Defence Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹1,593 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹27.6
TTM Sales
₹245 Cr.
Book Value per Share
₹136.3
P/E Ratio
38.55
Lower than its 5-year historical median
Industry PE
47.1
Price to Book (P/B)
7.82
Lower than its 5-year historical median
Price to Sales (P/S)
6.51
In line with its 5-year historical median
EV/EBITDA
27.94
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
24.10%
Outperforms industry median
Return on Capital Employed (ROCE)
30.83%
Outperforms industry median
Return on Assets (ROA)
20.05%
Operating Profit Margin
21.5%
Net Profit Margin
15.57%
Gross Profit Margin
21.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
25.61%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
68.39%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
73.04%
Asset Quality
Promoter Holding
59.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹189 Cr.
Equity
₹15 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Krishna Defence and Allied Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Krishna Defence and Allied Industries Ltd a good quality company?
Krishna Defence and Allied Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Krishna Defence and Allied Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Krishna Defence and Allied Industries Ltd vs industry peers?
Krishna Defence and Allied Industries Ltd revenue CAGR is 47.53%, compared to the industry median CAGR of 19.87%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Krishna Defence and Allied Industries Ltd?
Promoters hold 59.90% of the Krishna Defence and Allied Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Krishna Defence and Allied Industries Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 53.37% based on the current price.

10 Year X-Ray :

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.
Krishna Defence and Allied Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 0%0%11.6%7.6%10.6%12.4%15%17%24.5%31.2%-
Value Creation
Index
NANA-0.2-0.5-0.3-0.10.10.20.81.2-

Growth Parameters

Sales 0058.4253549.963.7106195245245
Sales YoY Gr.-NANA-57.2%40.2%42.5%27.5%67.2%83.1%25.6%-
Adj EPS 002.50.92.22.94.57.115.725.525.5
YoY Gr.-NANA-63.7%148.3%33%54.1%57%120.1%62.9%-
BVPS (₹) 000021.824.7327288.2126.4134
Adj Net
Profit
002.10.81.92.55.29.82238.138
Cash Flow from Ops. 0037.31.94-7.3-3.2-10.986.1-
Debt/CF from Ops. 009.23.513.55.9-2.5-2.9-0.90-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA47.5%56.7%25.6%
Adj EPS NA63.1%77.9%62.9%
BVPSNA42.2%58%43.2%
Share Price - - 52.1% 39.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
0013.44.810.811.61613.218.523.719.6
Op. Profit
Mgn %
009.815.613.213.814.214.816.121.522.8
Net Profit
Mgn %
003.535.34.98.29.211.315.615.6
Debt to
Equity
001.81.61.41.10.50.10.10-
Working Cap
Days
00062037427830123517017931
Cash Conv.
Cycle
0003331981521421211138723

Valuation of Krishna Defence - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales64106195245
Operating Expenses + 5591164192
Manufacturing Costs7123030
Material Costs335698126
Employee Cost 8111720
Other Costs 6111917
Operating Profit 9163153
Operating Profit Margin (%) 14.2%14.8%16.1%21.5%
Other Income + 1133
Exceptional Items 0000
Interest 1221
Depreciation 2234
Profit Before Tax 7133051
Tax 13813
Profit After Tax 5102238
PAT Margin (%) 8.3%9.2%11.3%15.6%
Adjusted EPS (₹)4.67.215.827.7
Dividend Payout Ratio (%)0%0%6.30%4.50%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3799124192
Share Capital 11141415
Reserves 2585110177
Debt +18992
Long Term Debt6100
Short Term Debt11892
Minority Interest0000
Trade Payables231387
Others Liabilities 8122216
Total Liabilities 85133164216

Fixed Assets

Net Fixed Assets +12152334
Gross Block25292540
Accumulated Depreciation131436
CWIP 2023
Investments 00610
Inventories28327216
Trade Receivables27261935
Cash Equivalents 8442331
Others Assets 7162087
Total Assets 85133164216
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -7-3-1186
PBT 7133051
Adjustment 2324
Changes in Working Capital -15-17-3544
Tax Paid -1-3-8-13
Cash Flow From Investing Activity + 1-375-92
Capex -3-36-12-20
Net Investments 4-013-76
Others 1-143
Cash Flow From Financing Activity + 645111
Net Proceeds from Shares 749320
Net Proceeds from Borrowing -1-6-10
Interest Paid -1-1-1-0
Dividend Paid 00-1-1
Others 131-8
Net Cash Flow 05-56
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)14.4414.4719.7624.1
ROCE (%)13.471724.4730.83
Asset Turnover Ratio0.750.981.351.34
PAT to CFO Conversion(x)-1.4-0.3-0.52.26
Working Capital Days
Receivable Days154.2090.8041.1038.40
Inventory Days163.10104.5095.7063.60
Payable Days248.50115.9039.6021.30

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Krishna Defence and Allied Industries Ltd FAQs

The current trading price of Krishna Defence on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Krishna Defence stood at ₹1,592.7 Cr

The latest P/E ratio of Krishna Defence as of 31-Dec-1969 is 41.78.

The latest P/B ratio of Krishna Defence as of 31-Dec-1969 is 7.95.

The 52-week high of Krishna Defence is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Krishna Defence is ₹245 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Krishna Defence and Allied Industries Ltd is a below average quality company.

The key valuation ratios of Krishna Defence and Allied Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Krishna Defence and Allied Industries Ltd

Krishna Defence And Allied Industries is engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipments. It has entered into various licensing agreement with Defence Research and Development Organisation (DRDO) for obtaining the know-how and rights which enable it to manufacture and supply specialized defence application products for the Indian Armed Forces. Under defence application, it provides a wide array of high performance products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device, which is also known as bukhari. In the year 2020, the company has also forayed in a new business vertical of manufacturing and marketing of Homeland & Security products, wherein it plans to manufacture products like Modular Vehicle Barrier, Automatic tyre Killer, Multi-purpose Launcher and Long Range LED Searchlight used by the Indian Armed Forces, for which it has entered into agreements with foreign vendors for import of critical component required to manufacture/assemble these products in its factory. It proposes to sell such product under MAKE IN INDIA Program.

The company has two manufacturing facilities in Gujarat, located at Kalol and Halol district near Vadodara. Its manufacturing facilities are accredited with ISO 9001:2015 quality management system as manufacturer and exporter of stainless-steel milk cans, milking machine, milk coolers, dairy and kitchen Equipment, milk testing Equipment, Galley Equipment, shipbuilding steel bulb bars, modular vehicle barrier & automatic tyre killer. It has diversified its products under various business verticals, mainly due to its strong research and development (R&D) and technological capabilities. Its R&D capabilities include product design, product engineering, product simulation, prototyping and testing. Its R&D activities are mainly undertaken at its manufacturing facilities. Its research activities are focused on creating new products and solutions which are customized to meet customer expectations and end-user preferences and also improving its production processes and improving the quality of its existing products. With its R&D capabilities, it is currently developing several new products for some of which it has secured orders as well.

Business area of the company

The company offers a wide range of products used in Defence industry for Indian Armed Forces, Dairy Equipment products to facilitate procurement, processing, distribution of milk, Kitchen Equipment Products to serve midday meals in large organizations and have also forayed into manufacturing of homeland security products to be used in defence industry for Indian Armed Forces.

Products portfolio:

  • Defence application equipment products: Bulb-bar, Food Container, Improved Space Heating Device or Bukhari, Welding Wire, Fused Flux, Welding Electrodes and Special Steel Alloy Bricks used as Ballast weight for critical applications.
  • Dairy equipment products: Robotic Milk Collection Unit (RMCU), Stainless Steel Milk Can, Bulk Milk Coolers (BMC), Milking Machines (With Spare Parts) and Cow Grooming Brush.
  • Kitchen equipment products: Rice Cauldron, Dal Cauldron, Braising Pan, Distribution Vessels, Rice Chute and Dal Storage Tank.

Key Events, Milestone and Achievements:

  • 1997: Started Dairy Equipment manufacturing business in partnership firm in the name and style of Krishna Industries.
  • 2002: Partnership deed dissolved w.e.f March 31, 2002 and the business Krishna Industries was taken over by AnkurAshwin Shah as a Proprietor.
  • 2006: Registered as an approved vendor for supply of Shipbuilding Steel Sections (Bulb Bars) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad.
  • 2008: Appreciation Certificate received from DMRL, Hyderabad for successfully carrying out the Project of manufacturing of indigenized steel Bulb Bars used in hull construction of Naval warships. The project was of National Importance involving import substitution.
  • 2008: Signed Transfer of Technology Agreement with Defence Materials & Stores Research & Development Establishment, (DMSRDE) Kanpur for manufacture and sale of Food Container Plastic 5.5 Ltr to be used by Indian Armed forces at High Altitudes.
  • 2010: The company ventured into manufacturing of Kitchen Equipments for Midday Meal Program & Other projects.
  • 2011: Deed of partnership dated Apr 05, 2011 was formed to takeover the running proprietorship business in the name and style of Krishna Industries w.e.f April 01, 2011.
  • 2011: Accepted as approved vendor by Indian Navy, included in Naval Contractual Directives for supply of shipbuilding steel sections, Bulb Bars for Warships.
  • 2013: Converted from a partnership firm to a Private Limited Company under Part IX of Companies Act, 1956 in the name of Krishna Allied Industries Private Limited w.e.f. September 10, 2013.
  • 2014: Awarded Defence Technology Absorption Award, 2013 on August 20, 2014 along with Prize Money of Rs 5 lakh from Ministry of Defence (MoD) by the Honourable Prime Minister, Narendra Modi for pioneering efforts towards first time indigenous production of “Bulb Bars” in association with DRDO for meeting the requirements of Indian Navy.
  • 2015: Patent registered by company for invention of Automated Milk Analysis and Collection Apparatus called Robotic Milk Collection Unit for a term of 20 years.
  • 2017: Accepted as approved vendor for manufacture of steel bulb bars by the Indian Register of Shipping (IRS).
  • 2017: Received certificate of Steel Mills from American Bureau of Shipping for Facility and Process Approval for manufacturing section components of marine applications.
  • 2018: Awarded INDIA SME 100 Awards organized by India SME Forum and supported by Ministry of MSME in the overall evaluation of Financial & Non-Financial Parameters.
  • 2019: Signed TOT with Defence Institute of Pysiology and Allied Sciences, DIPAS, New Delhi for manufacture and sale of Improved Space Heating Device (Bukhari) used by Indian Armed forces at high altitude in very Cold conditions.
  • 2019: Signed TOT with DIPAS, New Delhi for manufacture and sale of Man Mounted Cooling System to be used by Indian Armed forces in extremely Hot Conditions.
  • 2019: Signed TOT with DIPAS, Delhi for manufacture and sale of Solar Snow Melter to be used by Indian Armed forces at high altitude.
  • 2019: Received Developmental Order for supply and manufacture of specialized Weld consumable for critical application of the Indian Navy.
  • 2020: Company ventured in a new business vertical of Homeland & Security Products.
  • 2021: Signed TOT with Research &Development Establishment Engineers, Pune for manufacture and sale of Improvised Explosive Device (IED) Containment Vessel to be used by Indian Armed forces for protection.
  • 2021: Successfully developed and delivered Steel Ballast Bricks used for critical application of Indian Navy for weight balancing.
  • 2021: Conversion of Company from Private Limited to Limited Company i.e. Krishna Allied Industries Ltd. w.e.f October20, 2021.
  • 2021: Change of Company name to Krishna Defence and Allied Industries Ltd w.e.f December 07, 2021.
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