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Kaycee Industries Ltd. Stock Analysis

Small Cap
Evaluated by 102 users | BSE: 504084 | NSE: |
Electric Equipment
Kaycee Industries, a Mumbai-based company, has a history of more than 60 years leading the electric industry by way of showing new products & new applications. Kaycee Industries is an integral part of CMS Computers Ltd., one of the largest IT firms in India. Kaycee is the leading provider...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.38%11.74%7.89%4.65%-5.07%0.44%5.92%9.07%3.33%11.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 26.925.223.125.222.42323.6252523.4
Y-o-Y Gr. Rt.--6.4%-8.2%9.1%-11.1%2.6%2.7%5.9%-0%-6.4%
Adjusted EPS (Rs.) 197.88188.85113.4268.04-179.57-4896.69178.8157.02244.26
Y-o-Y Gr. Rt.--4.6%-39.9%-40%-363.9%NANA84.9%-68.1%328.4%
Book Value per Share (Rs.) 1,423.381,599.641,791.462,087.441,885.761,836.581,937.751,852.612,045.012,237.14
Adjusted Net Profit 110.60.4-1.1-0.30.61.10.41.6
Net Op. Cash Flow (Rs. Cr.) 0.6-0.51-1.8-10.50.9-0.12.60.7
Debt to Cash Flow from Ops 3.68-6.252.67-1.72-3.89.023.64-46.040.410.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kaycee Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.5%0.9%-0.3%-6.4%
Adjusted EPS 2.4%NA36.2%328.4%
Book Value per Share 5.23.54.99.4
Share Price -3.1% 0.8% -17.6% 0.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.8812.496.843.78-9.04-2.585.129.432.9311.41
Operating Profit Margin (%) 6.016.375.353.76-3.330.240.627.783.689.66
Net Profit Margin (%) 3.753.832.621.71-5.08-1.322.64.531.456.62
Debt to Equity 0.290.40.280.230.310.360.270.210.080.02
Working Capital Days 154177195194242230259238207203
Cash Conversion Cycle 607995109150137154129123119
Entity Percentage Holding
Promoters 74.91%
Institutions 0.26%
Non-Institutions 24.82%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kaycee Inds.'s performance infers:

Kaycee Inds. earnings have grown by 0%, whereas share price has appreciated 0.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kaycee Inds. share prices over the last 10 years. Here is what we found out:

Kaycee Inds. share price has appreciated -5.7% annually over the past ten years.

Kaycee Industries, a Mumbai-based company, has a history of more than 60 years leading the electric industry by way of showing new products & new applications. Kaycee Industries is an integral part of CMS Computers Ltd., one of the largest IT firms in India. Kaycee is the leading provider of electrical and electronic components in India for the last 61 years. Kaycee provides service to a wide gamut of industries.

It manufactures limit switch, rotary switch, cam switch, micro switch,

Kaycee Industries, a Mumbai-based company, has a history of more than 60 years leading the electric industry by way of showing new products & new applications. Kaycee Industries is an integral part of CMS Computers Ltd., one of the largest IT firms in India. Kaycee is the leading provider of electrical and electronic components in India for the last 61 years. Kaycee provides service to a wide gamut of industries.

It manufactures limit switch, rotary switch, cam switch, micro switch, toggle switch, on load change-over switch, breaker control switch, push button switches and allied products.

Kaycee is one of the few BSE/ NSE listed electric company having more than 53% stake holding by CMS Group. CMS is a leading IT group having present turnover of more than Rs. 750 C. CMS is a well famous name for providing System Integration & Networking solutions. Further it also offers complete solution for Traffic & Power management.

Kaycee has manufacturing facility located in Mumbai where highly motivated and skilled workforce of around 150 people delivers the products as needed by customer. Its present turnover is more than Rs 165 million ($ 4.1M)with a forecast of Rs. 500 million in next 5 years.

Product range of the company includes:

  • Rotary Switches
  • Cam & Breaker Control Switches
  • Micro & Toggle Switches
  • Limit SwitchesCounters- Stroke counter               -Senior Revolution Counters               -Measuring Machines               -Predetermined Counters               -Road Measures
  • Fuse Fittings
  • Rotary Toggle Switches
  • Time Totalizers
  • Water Meters
  • Panel Meters-Analogue meter                     -Digital Panel meter                     -Multifunction meter                     -Power analyser                     -Transducer

Their new line of panel instruments includes.

  • Analogue Meters – They have both Moving Iron & Moving Coil Type complete line of meters of sizes from 48X48mm & largest being 144X144 mm.
  • Digital Panel Meters - Here also they had launched both 48X96 & 96X96 mm meters. They had lead in this line with having special meters with limit facility enabling user not only to know the reading but it would also indicate whether displayed reading is within set limits or not. All their digital panel meters are TRUE RMS type. They do have communication facility in same.
  • Multifunction Meters - Besides simple VAF meters they do have advanced meter with bar graph indication for load enabling user to know its loading factor against set limits. All communication facilities are available so that data can be downloaded for analysis.
  • Power Analysers - They have also launched high end power analyzers with accuracy class of 0.5% enabling users to get highly accurate reading. Transducers - along with these meters they are also providing its support products like Current Transformers, Shunts, Transducers etc

Achievements/ recognition:

  • First time in India KAYCEE had introduced Rotary Switches thirty years back, same is the case with newer 'CAM' technology.
  • Kaycee is only company who has complete range of micro & Toggle Switches.
  • It has widest types of counters & their associated precision measuring machines like Textile Counters, Road Measurer, Water Meters etc.
  • KAYCEE Micro switches and cam switches have surpassed what is globally considered to be the ultimate examination and testing of devices, systems and materials by UL (Underwriters Laboratories USA.).
  • Kaycee has also been accredited with ISO 9001:2000 certification by UL.
  • Most of their products have approvals from special Government agencies like Railways (RDSO), Defense approvals like CSE, JEE etc.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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