X

Kiri Industries Ltd. Stock Analysis

Small Cap
Evaluated by 811 users | BSE: 532967 | NSE: KIRIINDUS |
Dyes & Pigments
Kiri Industries, earlier known as Kiri Dyes and Chemicals (KDCL) incorporated in 1998; manufactures high quality dyes and intermediates. KDCL supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standardized spray dried/tray dried - powder/granular, crude...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 10.26%11.08%3.27%-5.69%-0.35%3.63%8.41%17.35%16.82%16.9%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3415725355255837808899658841,062
Y-o-Y Gr. Rt.-67.9%-6.6%-1.9%11.2%33.8%13.9%8.5%-8.4%20.1%
Adjusted EPS (Rs.) 16.3221.37-4.37-55.43-30.13-11.486.4834.0934.4438.87
Y-o-Y Gr. Rt.-30.9%-120.5%NANANANA426.1%1%12.9%
Book Value per Share (Rs.) 96.81211.89199.48101.6159.7548.7259.0595.92155.73201.23
Adjusted Net Profit 24.540.6-8.3-105-57.3-26.117.294.9104122
Net Op. Cash Flow (Rs. Cr.) 7.5-54.610867.9157-9020420255.3107
Debt to Cash Flow from Ops 44.25-7.55.0210.584.9-8.572.020.873.111.54
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.
Kiri Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.5%12.7%6.1%20.1%
Adjusted EPS 10.1%NA81.7%12.9%
Book Value per Share 8.527.550.529.2
Share Price 14.7% 43.2% 8.2% 14.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 18.2614.83-2.12-36-35.83-18.669.9833.1423.0221.34
Operating Profit Margin (%) 17.5919.1615.836.3210.5110.7711.1313.3314.9814.97
Net Profit Margin (%) 7.187.09-1.55-20.07-9.82-3.341.939.8411.7811.47
Debt to Equity 2.271.021.433.726.776.72.550.650.370.26
Working Capital Days 245249361340294240177103115131
Cash Conversion Cycle 999919521019815994182340
Entity Percentage Holding
Promoters 41.61%
Institutions 26.25%
Non-Institutions 32.14%
Others 0.67%
Pledged *0.490.430.430.430.430.430.430.430.430.43
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Kiri Industries's performance infers:

Kiri Industries earnings have grown by 0%, whereas share price has appreciated 43.2% 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 Kiri Industries share prices over the last 10 years. Here is what we found out:

Kiri Industries share price has appreciated -0.9% annually over the past ten years.

Kiri Industries, earlier known as Kiri Dyes and Chemicals (KDCL) incorporated in 1998; manufactures high quality dyes and intermediates. KDCL supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standardized spray dried/tray dried - powder/granular, crude and reverse osmosis.

The company produces more than 120 dyestuffs used by textiles, leather, paint and printing-ink industries with total production capacity of 10800 MT per annum. Company’s

Kiri Industries, earlier known as Kiri Dyes and Chemicals (KDCL) incorporated in 1998; manufactures high quality dyes and intermediates. KDCL supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standardized spray dried/tray dried - powder/granular, crude and reverse osmosis.

The company produces more than 120 dyestuffs used by textiles, leather, paint and printing-ink industries with total production capacity of 10800 MT per annum. Company’s manufacturing units is located at Vatva and Vododara in Gujarat.

The company has received various certifications such as ISO 14001:2004 and ISO 9001: 2000 for its quality management.

Besides India the company has global presence in countries like Korea, Turkey, Taiwan, Bangladesh, U.S.A., Canada etc. All the products manufactured by the company have found global acceptance.

Research and development (R&D)

The Company has in house R&D centre located at Vatva, Ahmedabad is equipped with advanced technology. Company’s 4-5% of total revenue earned is used in research activities. This facility focuses on developing new product, developing cost effective process and creating environmentally friendly products. This facility has employed high skilled workforce comprising of research chemists, engineers and technicians.

Products

Reactive Dyes- Under this the company manufactures a range of dyes namely hot brand, Vinyl Sulphone, , High Exhaust, Bifunctional, Black mix, RGB Series, ED Series, S and W Series and CN Series.

Company also produces dye intermediates.

Milestone

1998- Kiri Dyes and Chemicals was incorporated.

1999- The company started exporting its products to USA and Taiwan

2001- The company was awarded by CHEMEXIL for outstanding export performance in the year 1998-1999.

2001- KDCL was awarded by CHEMEXIL for outstanding export performance in the year 1999-2000.

KDCL was acknowledged with a trophy by Gujarat Dyestuffs Manufactures Association for export performance of more than Rs. 600 Lakhs for direct export of self manufactured dyes and dye intermediates during 1990-2000.

2002- Company obtained permission confirming eligibility of Kiri Dyes to become 100% Export Oriented Unit from Kandla Special Economic Zone.

KDCL received First Award for the highest exports of chemicals from small scale industry by CHEMEXIL for the year 2000-2001.

2003- Company received Platinum Award from CHEMEXCIL for outstanding performance during the year 2002–2003.

KDCL became Government Recognized Trading House.

2004- The company was recognised as a Two Star Export House.

KDCL received Environmental Clearance Certificate from the Ministry of Environment and Forest to its expansion.

Its manufacturing unit was converted into 100% Export Oriented Unit.

2005- Company commenced its backward integration project at Vododara.

Company was honoured with Silver Jubilee award by Export Credit Guarantee Corporation of India, Government of India.

2006- Started commercial production of backward integration project with respect to Vinyl Sulphone Easter at Vadodara.

2007- The company has received various certifications such as ISO 14001:2004 and ISO 9001: 2000 for its quality management.

2011 - Company has changed its name from Kiri Dyes And Chemicals Ltd. to Kiri Industries Ltd.
        - Company has acquired a chemical Company in Taiwan named SMS Chemical Co. Ltd.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback