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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 Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Krishna Defence and Allied Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.2% | 5.2% | 7.4% | 8.7% | 11.4% | 12.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.6 | -0.5 | -0.4 | -0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 58.4 | 25 | 35 | 49.9 | 63.7 | 106 | 106 |
| Sales YoY Gr. | - | -57.2% | 40.2% | 42.5% | 27.5% | 67.2% | - |
| Adj EPS ⓘ | 2.5 | 0.9 | 2.2 | 2.9 | 4.5 | 7.1 | 7.1 |
| YoY Gr. | - | -63.7% | 148.3% | 33% | 54.1% | 57% | - |
| BVPS (₹) ⓘ | 0 | 0 | 21.8 | 24.7 | 32 | 72 | 72 |
| Adj Net Profit ⓘ | 2.1 | 0.8 | 1.9 | 2.5 | 5.2 | 9.8 | 10 |
| Cash Flow from Ops. ⓘ | 3 | 7.3 | 1.9 | 4 | -7.3 | -3.2 | - |
| Debt/CF from Ops. ⓘ | 9.2 | 3.5 | 13.5 | 5.9 | -2.5 | -2.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 12.8% | 44.8% | 67.2% | ||||
| Adj EPS ⓘ | NA | 23.8% | 47.6% | 57% | ||||
| BVPSⓘ | NA | NA | 49% | 124.7% | ||||
| Share Price | - | - | - | 306.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.4 | 4.8 | 10.8 | 11.6 | 16 | 13.2 | 9.9 |
| Op. Profit Mgn % ⓘ | 9.8 | 15.6 | 13.2 | 13.8 | 14.2 | 14.9 | NAN |
| Net Profit Mgn % ⓘ | 3.5 | 3 | 5.3 | 4.9 | 8.2 | 9.2 | 9.2 |
| Debt to Equity ⓘ | 1.8 | 1.6 | 1.4 | 1.1 | 0.5 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 620 | 374 | 278 | 301 | 235 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 333 | 198 | 152 | 142 | 121 | 0 |
Sales growth is growing at healthy rate in last 3 years 44.84%
Net Profit is growing at healthy rate in last 3 years 47.62%
Return on Equity has declined versus last 3 years average to 9.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.1 | 7.2 |
| TTM Sales (₹ Cr.) | 106 | 106 |
| BVPS (₹.) ⓘ | 72 | 72 |
| Reserves (₹ Cr.) ⓘ | 85 | 85 |
| P/BV ⓘ | 10.60 | 10.60 |
| PE ⓘ | 106.80 | 106.62 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,046 |
| Equity (₹ Cr.) | 13.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 58 | 25 | 35 | 50 | 64 | 106 |
| Operating Expenses ⓘ | 53 | 21 | 30 | 43 | 55 | 91 |
| Manufacturing Costs | 2 | 3 | 4 | 7 | 7 | 12 |
| Material Costs | 38 | 6 | 16 | 21 | 33 | 56 |
| Employee Cost | 5 | 5 | 5 | 8 | 8 | 11 |
| Other Costs ⓘ | 7 | 7 | 5 | 7 | 6 | 11 |
| Operating Profit ⓘ | 6 | 4 | 5 | 7 | 9 | 16 |
| Operating Profit Margin (%) | 9.8% | 15.5% | 13.2% | 13.8% | 14.2% | 14.8% |
| Other Income ⓘ | 1 | 1 | 1 | 0 | 1 | 1 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 1 | 3 | 4 | 7 | 13 |
| Tax ⓘ | 1 | 0 | 1 | 1 | 1 | 3 |
| Profit After Tax | 2 | 1 | 2 | 2 | 5 | 10 |
| PAT Margin (%) | 3.5% | 3.0% | 5.3% | 4.9% | 8.3% | 9.2% |
| Adjusted EPS (₹) | 2.5 | 0.9 | 2.2 | 2.9 | 4.6 | 7.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 15 | 16 | 18 | 21 | 37 | 99 | ||||
| Share Capital ⓘ | 4 | 4 | 4 | 8 | 11 | 14 | ||||
| Reserves ⓘ | 11 | 12 | 14 | 12 | 25 | 85 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 26 | 25 | 25 | 22 | 18 | 9 | ||||
| Long Term Debt | 14 | 14 | 15 | 7 | 6 | 1 | ||||
| Short Term Debt | 12 | 10 | 10 | 15 | 11 | 8 | ||||
| Trade Payables | 17 | 11 | 7 | 14 | 23 | 13 | ||||
| Others Liabilities ⓘ | 8 | 10 | 7 | 11 | 8 | 12 | ||||
| Total Liabilities ⓘ | 66 | 61 | 56 | 68 | 85 | 133 | ||||
Fixed Assets | ||||||||||
| Gross Block | 16 | 18 | 19 | 24 | 25 | 29 | ||||
| Accumulated Depreciation | 6 | 7 | 9 | 11 | 13 | 14 | ||||
| Net Fixed Assetsⓘ | 10 | 10 | 10 | 14 | 12 | 15 | ||||
| CWIP ⓘ | 0 | 2 | 3 | 0 | 2 | 0 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 11 | 21 | 15 | 16 | 28 | 32 | ||||
| Trade Receivables | 32 | 12 | 13 | 22 | 27 | 26 | ||||
| Cash Equivalents | 9 | 11 | 10 | 12 | 8 | 44 | ||||
| Others Assetsⓘ | 4 | 6 | 5 | 5 | 7 | 16 | ||||
| Total Assets ⓘ | 66 | 61 | 56 | 68 | 85 | 133 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 7 | 2 | 4 | -7 | -3 |
| PBT ⓘ | 3 | 1 | 3 | 4 | 7 | 13 |
| Adjustment ⓘ | 2 | 2 | 2 | 3 | 2 | 3 |
| Changes in Working Capital ⓘ | -1 | 4 | -3 | -2 | -15 | -17 |
| Tax Paid ⓘ | -1 | 0 | 0 | 0 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -8 | -4 | 0 | -4 | 1 | -37 |
| Capex | -4 | -3 | -3 | -2 | -3 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | 4 | -34 |
| Others ⓘ | -4 | -1 | 3 | -2 | 1 | -1 |
| Cash Flow From Financing Activityⓘ | 5 | -3 | -2 | -1 | 6 | 45 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 3 | 7 | 49 |
| Net Proceeds from Borrowing ⓘ | 6 | 0 | 1 | -8 | -1 | -6 |
| Interest Paid ⓘ | -2 | -1 | -2 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | -1 | -1 | 5 | 1 | 3 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 5 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.45 | 4.75 | 10.83 | 12.6 | 18.45 | 14.47 | ||||
| ROCE (%) | 11.59 | 7.64 | 10.55 | 12.38 | 15.01 | 17 | ||||
| Asset Turnover Ratio | 0.88 | 0.39 | 0.6 | 0.8 | 0.83 | 0.98 | ||||
| PAT to CFO Conversion(x) | 1.5 | 7 | 1 | 2 | -1.4 | -0.3 | Working Capital Days | |||
| Receivable Days | 198 | 320 | 132 | 128 | 140 | 91 | ||||
| Inventory Days | 70 | 232 | 187 | 113 | 127 | 104 | ||||
| Payable Days | 162 | 804 | 196 | 179 | 201 | 116 | ||||
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:
Key Events, Milestone and Achievements:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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