Kabra Extrusiontechnik Ltd - Stock Valuation and Financial Performance

BSE: 524109 | NSE: KABRAEXTRU | Engineering - Industrial Equipments | Small Cap

Kabra Extrus.technik Share Price

293.50 -6.65 -2.22%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kabra Extrus.technik

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kabra Extrusiontechnik stock performance -

mw4me loader
P/E Ratio (SA):
39.21
Market Cap:
1,049.7 Cr.
52-wk low:
295
52-wk high:
543.9

Is Kabra Extrusiontechnik Ltd an attractive stock to invest in?

1. Is Kabra Extrusiontechnik Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kabra Extrusiontechnik Ltd is a below average quality company.

2. Is Kabra Extrusiontechnik Ltd undervalued or overvalued?

The key valuation ratios of Kabra Extrusiontechnik Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Kabra Extrusiontechnik Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kabra Extrusiontechnik 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 Kabra Extrus.technik:

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.
Kabra Extrusiontechnik 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 % 10.8%13.4%13.5%10.4%8.5%7%3.1%9.7%9.1%10.9%-
Value Creation
Index
-0.2-0.10.0-0.3-0.4-0.5-0.8-0.3-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 223271299276268245220276406670618
Sales YoY Gr.-21.6%10.3%-7.7%-2.8%-8.7%-10.2%25.5%46.9%65.1%-
Adj EPS 4.45.76.86.264.92.189.211.87.7
YoY Gr.-31.4%18%-8%-3.4%-19%-56.1%272.4%14.8%28.7%-
BVPS (₹) 40.444.74971.173.377.37387.3102.5114.4124.1
Adj Net
Profit
13.918.321.619.819.215.56.825.429.439.627
Cash Flow from Ops. 5.15.232.918.812.1628.538.1-62.8-3.7-
Debt/CF from Ops. 3.440.50.50.31.60.90.6-0.9-20.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13%20.1%44.9%65.1%
Adj EPS 11.7%14.4%76.6%28.7%
BVPS12.3%9.3%16.2%11.5%
Share Price 25.5% 27.6% 16.1% -35.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.213.514.410.48.36.52.9109.711.16.4
Op. Profit
Mgn %
10.510.912.810.810.58.45.715.513.611.59.1
Net Profit
Mgn %
6.26.77.27.27.16.33.19.27.25.94.3
Debt to
Equity
0.10.20.10000.10.10.20.2-
Working Cap
Days
165168151149194247286227220186114
Cash Conv.
Cycle
748175749613415811310110152

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 44.91%

Net Profit is growing at healthy rate in last 3 years 76.57%

Return on Equity has declined versus last 3 years average to 6.40%

Sales growth is not so good in last 4 quarters at -0.58%

Latest Financials - Kabra Extrusiontechnik Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 7.8
TTM Sales (₹ Cr.) 618 618
BVPS (₹.) 124.1 123.9
Reserves (₹ Cr.) 416 416
P/BV 2.42 2.42
PE 39.21 38.54
From the Market
52 Week Low / High (₹) 295.00 / 543.90
All Time Low / High (₹) 1.75 / 644.65
Market Cap (₹ Cr.) 1,050
Equity (₹ Cr.) 17.5
Face Value (₹) 5
Industry PE 45.7

Management X-Ray of Kabra Extrus.technik:

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 Kabra Extrus.technik

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
Sales223271299276268245220276406670
Operating Expenses 200242261246240224208235351596
Manufacturing Costs9111012111215101317
Material Costs144174189175167150135176274486
Employee Cost 20262931353230263848
Other Costs 27313328273028232745
Operating Profit 23303830282113415574
Operating Profit Margin (%) 10.5%10.9%12.8%10.8%10.5%8.4%5.7%14.8%13.5%11.1%
Other Income 292223203323
Interest 2322121339
Depreciation 6897878101114
Exceptional Items 00-190000000
Profit Before Tax 1727322321316314355
Tax 359216-171317
Profit After Tax 1422222120247243038
PAT Margin (%) 6.4%8.3%7.5%7.5%7.5%10.0%3.4%8.8%7.4%5.7%
Adjusted EPS (₹)4.57.07.06.56.37.72.37.69.411.3
Dividend Payout Ratio (%)34%28%32%31%32%0%64%33%32%31%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 129143156227234247233278329384
Share Capital 16161616161616161617
Reserves 113127140211218231217262313367
Minority Interest0000000000
Debt17211784927235368
Long Term Debt00000015131611
Short Term Debt17211784912103657
Trade Payables203330335638454210281
Others Liabilities 576545343947655584102
Total Liabilities 224261248302333342370399568635

Fixed Assets

Gross Block87120162175178196218233258283
Accumulated Depreciation4250556169768493102115
Net Fixed Assets4570107113108120134140156168
CWIP 0001017106
Investments 58421663575243865646
Inventories58626166102106125112204209
Trade Receivables255440354435162256110
Cash Equivalents 124213683258
Others Assets37322022202438316438
Total Assets 224261248302333342370399568635

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5533191262838-63-4
PBT 1727502321316314355
Adjustment 64-1167-107101420
Changes in Working Capital -16-197-4-13-1217-2-115-64
Tax Paid -2-7-12-6-4-3-3-2-5-15
Cash Flow From Investing Activity -51-19-711-39-328-29
Capex -1-23-48-15-2-21-33-11-22-32
Net Investments -52256215-8-2029-1
Others 12241172-215
Cash Flow From Financing Activity -1-5-12-11-13-59-55334
Net Proceeds from Shares 0000000001
Net Proceeds from Borrowing 0000000000
Interest Paid -2-3-2-2-1-3-2-3-3-9
Dividend Paid -4-6-90-6-6-50-8-10
Others 54-2-9-6416-26452
Net Cash Flow 012101-11-22
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.4116.515.0310.838.7410.193.129.469.910.68
ROCE (%)13.7119.6919.7612.289.6513.51312.0813.3215.12
Asset Turnover Ratio1.131.21.281.080.860.730.620.720.841.11
PAT to CFO Conversion(x)0.360.231.50.90.60.2541.58-2.1-0.11
Working Capital Days
Receivable Days31495246535943253545
Inventory Days86756977113155192157142113
Payable Days5556606697115112909769

Kabra Extrusiontechnik Ltd Stock News

Kabra Extrusiontechnik Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kabra Extrus.technik on 28-Mar-2024 16:01 is ₹293.5.
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 Kabra Extrus.technik stood at ₹1,049.7.
The latest P/E ratio of Kabra Extrus.technik as of 28-Mar-2024 16:01 is 39.21.
The latest P/B ratio of Kabra Extrus.technik as of 28-Mar-2024 16:01 is 2.42.
The 52-week high of Kabra Extrus.technik is ₹543.9 and the 52-week low is ₹295.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kabra Extrus.technik is ₹617.9 ( Cr.) .

About Kabra Extrusiontechnik Ltd

Kabra ExtrusionTechnik Ltd. was incorporated on October 21, 1982 and was converted into a public limited company on March 30, 1984. The company was set up with the object of manufacturing Twin Screw Extrudes complete with downstream equipment for PVC Pipes profiles section and garments in technical collaboration with Battenfeld Extrusionstechnik GmbH West Germany.

Kabra Extrusiontechnik (KET), a part of Kolsite group is a leading manufacturer of plastic extrusion machinery in India. KET offers a wide range of hi-tech sophisticated single and twin screw extrusion lines for pipes, profiles, pellets, and PO pipelines for HDPE/PPR, teleduct, mono and multilayer blown films etc.

The company has over four decades of rich experience in plastics industry. It has got the coveted ‘Two Star Export House’ status.  The company has won ‘Excellence in Export’ award five times and also is an ISO 9000 company. KET has been benchmarking in plastics extrusion industry by sophisticated R & D techniques and various processes to cater to the market requirements for low power consumption, high output, maintenance free and user friendly Plastics Extrusion plants and machineries.

KET has a joint venture with global leaders in plastics extrusion machinery viz. Battenfeld Extrusionstechnik, Germany and American Maplan Corporation, USA. KET is India’s leading manufacturer and exporter of Plastics Extrusion Plants and Allied Machineries. KET has over 6,400 installations in 56 countries worldwide.

KET offers following major product lines viz.

  • Twin screw extrusion lines for extrusion of RPVC/ CPVC pipes, PVC profiles & pellets
  • Single screw extrusion lines for PO pipes
  • Mono layer and Multi layer Blown film lines

Products range of the company includes:

Pipe extrusion lines

  • PVC Pipes
  • CPVC Pipes
  • PVC Foam Core Pipes
  • Polyolefin Pipes
  • PP-R Pipes
  • Downstream

Diverse product lines

  • PVC Pelletising lines
  • PVC Profile lines
  • PVC Mixer cooler
  • Tape Stretching Lines

Monolayer blown film

Multilayer blown film

Achievements/ recognition:

  • KET has been exporting to 61 countries.
  • The company has won prestigious ‘All India Award for Export Excellence’ for the year 2006-07. KET is the first Plastics Extrusion Plants Manufacturer being awarded such an award nationally.
  • KET has been performing progressively on financial and market parameters. This fact was authenticated in PlastIndia 2009 when KET received prestigious Plasticon Award for Fastest Growing Enterprise.
  • KET has won the prestigious Export Excellence Award (2005-06) for the Sixth Time. This award is conferred upon by Engineering Export Promotion Council for Export Excellence in different product groups.
  • As recognition of its sustained and excellent export performance, Government of India has accorded it '2 Star Export House Status'.
  • An ISO 9000 certified company
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