Kiri Industries Ltd Stock Analysis

BSE: 532967 | NSE: KIRIINDUS | Dyes & Pigments | Small Cap

BSE Share Price Jan 25, 18:01
512.25 24.95 (5.12%)

DeciZen - Make an Informed Decision on Kiri Industries

Overall Rating
See How?

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Kiri Industries Ltd a good quality company?

Data is not available for this company.

2. Is Kiri Industries Ltd undervalued or overvalued?

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

3. Is Kiri Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kiri Industries 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 Kiri Industries:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.3%-5.7%-0.4%3.6%8.4%17.4%16.8%16.9%6.8%-4%-
Value Creation Index -0.8-1.4-1.0-0.7-0.40.20.20.2-0.5-1.3-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 5355255837808899658841,062969689972
YoY Gr. Rt. %--1.9%11.2%33.8%13.9%8.5%-8.4%20.1%-8.7%-28.9%-
Adj EPS -4.4-55.4-30.1-11.56.534.134.438.915.4-10.41.6
YoY Gr. Rt. %-NANANANA426.1%1%12.9%-60.4%-167.3%-
BVPS (₹) 199.5101.659.848.759.195.9155.7201.2200.2188.8121.4
Adj Net Profit -8.3-105-57.3-26.117.294.910412251.8-34.88
Cash Flow from Ops. 10867.9157-9020420255.310712573.9-
Debt/CF from Ops. 510.64.9-8.620.93.11.51.22-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 2.9%-5%-8%-28.9%
Adj EPS NA-209.8%-167%-167.3%
BVPS -0.626.26.6-5.7
Share Price 20.2% 9.5% 7% 10.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -2.1-36-35.8-18.71033.12321.37.9-5.31
Op. Profit Mgn % 15.86.310.510.811.113.3151510.20.23.8
Net Profit Mgn % -1.6-20.1-9.8-3.31.99.811.811.55.3-5.10.9
Debt to Equity 1.43.76.86.72.60.70.40.30.20.20
Working Cap Days 36134029424017710311513116220297
Cash Conv. Cycle 1952101981599418234042400

Recent Performance Summary

Sales growth is good in last 4 quarters at 90.31%

Return on Equity has declined versus last 3 years average to 1.00%

Sales growth has been subdued in last 3 years -7.97%

Net Profit has been subdued in last 3 years -167.00%

Latest Financials - Kiri Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 88.1
TTM Sales (₹ Cr.) 972 1,324
BVPS (₹.) 121.4 460.7
Reserves (₹ Cr.) 578 2,336
P/BV 4.22 1.11
PE 315.68 5.79
From the Market
52 Week Low / High (₹) 405.00 / 678.70
All Time Low / High (₹) 4.05 / 877.00
Market Cap (₹ Cr.) 2,655
Equity (₹ Cr.) 51.8
Face Value (₹) 10
Industry PE 27.1

Management X-Ray of Kiri Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.430.430.430.430.430.430.430.430.430.43
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Kiri Industries Ltd

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.

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