Kennametal India Ltd's earnings have grown by 24.7%, whereas share price has appreciated 17.4% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.
Kennametal India Ltd share price has appreciated 5.6% annually (CAGR) over the past ten years.
Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Kennametal India Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.
Kennametal India was established in September 21, 1964, and was formerly known as Widia India Ltd. headquartered at Bangalore is the premiere global provider of metalworking solutions using tungsten carbide inserts.
Kennametal is a leading global supplier of tooling, engineered components and advanced materials that are consumed in production processes. It provides customers with a broad range of technologically advanced tools, tooling systems and technical services. The
Kennametal is a leading global supplier of tooling, engineered components and advanced materials that are consumed in production processes. It provides customers with a broad range of technologically advanced tools, tooling systems and technical services. The company's expert scientists and engineers apply highly complex powder metallurgy, materials science and mechanical engineering technologies to cemented tungsten carbides, high-speed steels, ceramics, industrial diamonds and other material compositions to produce products that have the optimum combination of resistance to heat, impact, corrosion, pressure and wear to excel in particular application.
On May 3, 2002 Kennametal Inc.entered into an arrangement with Milacron B V and Milacron Inc., for the acquisition, either directly or through its affiliates, of Milacron BVâ€™s European operations in Germany, Netherlands, Spain, U.K, France and Italy upon obtaining certain statutory approvals and upon certain commercial reorganisation of companies in different countries (hereinafter referred to as the â€œStock Purchase Agreementâ€). Pursuant to this arrangement, Kennametal was to acquire control of Milacron Metal Working Technologies Holding GmbH, a wholly owned subsidiary of Milacron B. V., which through its subsidiary companies, Widia GmbH and Meturit AG., had indirect control over Widia (India) Limited. As on May 3, 2002, Meturit AG, a wholly owned subsidiary of Widia GmbH, held 51% of the equity shares of the Company. Indirectly, Kennametal acquired from Milacron B. V. the majority of equity shares which resulted in change in control of the Company.
Today most of Indiaâ€™s leading manufacturing and industrial giants, from the private, public and government sectors, rely on Kennametal Indiaâ€™s tooling expertise to produce its products. Among others, these include automobile majors like GM, TVS, Tata Motors, and Yamaha, BHEL, Northern Railways, Ordinance and Armament factories, Inter Drill Asia, Escorts Mahle, Gabriel, Sterling Tools and SKF Bearings.
Kennametalâ€™s portfolio of well-respected brand names and broad global presence enable it to help customers of all sizes in virtually every geography drive success at every stage of their value chain. Strategically aligned across its two core businesses -- Metalworking Solutions and Services Group (MSSG) and the Advanced Materials Solutions Group (AMSG) -- their products and services touch nearly every manufacturing process, and people around the globe can see and touch these results from the time they turn on the light switch in the morning, to the breakfast they eat or the vehicle they drive.
Product range of the company includes:
Kennametal has engineered innovative metal-cutting products and techniques for nearly 70 years using complex metallurgy and materials science in tungsten carbide, ceramics, high-speed steels and other materials. Many of these products serve as workhorses in their industries to this day. Newer, more advanced products are always under development to better serve needs. In fact, nearly half of Kennametal's revenue comes from products less than four years old.