Kiri Industries Ltd - Stock Valuation and Financial Performance

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

Kiri Industries Share Price

303.40 -5.95 -1.92%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kiri Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Kiri Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1,572.7 Cr.
52-wk low:
262.1
52-wk high:
453.9

Is Kiri Industries Ltd an attractive stock to invest in?

1. Is Kiri Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kiri Industries Ltd is a average quality 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 Somewhat overvalued 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
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.
Kiri Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.4%3.6%8.4%17.4%16.8%16.9%6.8%-4%-0.7%-20%-
Value Creation
Index
-1.0-0.7-0.40.20.20.2-0.5-1.3-1.1-2.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5837808899658841,0629696891,137601590
Sales YoY Gr.-33.8%13.9%8.5%-8.4%20.1%-8.7%-28.9%65%-47.1%-
Adj EPS -30.1-11.56.534.134.438.915.4-10.4-1.6-25.1-17.6
YoY Gr.-NANA426.5%0.9%12.9%-60.4%-167.3%NANA-
BVPS (₹) 59.848.759.195.9155.7201.2200.2188.8120.694.882.4
Adj Net
Profit
-57.3-26.117.29510412251.8-34.8-8.5-130-91
Cash Flow from Ops. 157-9020420255.310712573.88150.4-
Debt/CF from Ops. 4.9-8.620.93.11.51.221.20.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.3%-7.4%-14.7%-47.1%
Adj EPS NA-193.9%-217.7%NA
BVPS5.3%-9.5%-22.1%-21.4%
Share Price 13.3% -9.4% -10.4% 8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-35.8-18.71033.22321.37.9-5.3-1.4-23.3-19.8
Op. Profit
Mgn %
10.510.811.113.3151510.20.22.9-17.2-11.5
Net Profit
Mgn %
-9.8-3.31.99.911.811.55.3-5.1-0.8-21.6-15.4
Debt to
Equity
6.86.72.60.70.40.30.20.20.20.1-
Working Cap
Days
29524017710311513116220211118160
Cash Conv.
Cycle
198159941823404240-1-39-60

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -14.70%

Net Profit has been subdued in last 3 years -217.70%

Sales growth is not so good in last 4 quarters at -13.99%

Latest Financials - Kiri Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -17.6 15.7
TTM Sales (₹ Cr.) 590 899
BVPS (₹.) 82.4 514.1
Reserves (₹ Cr.) 375 2,614
P/BV 3.68 0.59
PE 0.00 19.39
From the Market
52 Week Low / High (₹) 262.10 / 453.90
All Time Low / High (₹) 4.05 / 877.00
Market Cap (₹ Cr.) 1,573
Equity (₹ Cr.) 51.8
Face Value (₹) 10
Industry PE 22.3

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Kiri Industries

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
Sales5837808899658841,0629696891,137601
Operating Expenses 5227128068377549058736901,105711
Manufacturing Costs607690111134146172144198151
Material Costs428571646671546682596444791457
Employee Cost 20253225323441425343
Other Costs 15393931424464616459
Operating Profit 61698312813015696-131-109
Operating Profit Margin (%) 10.5%8.8%9.3%13.2%14.7%14.7%9.9%-0.1%2.8%-18.1%
Other Income 12823342223
Interest 7784678245456
Depreciation 33202022252837394444
Exceptional Items -29050000000
Profit Before Tax -78-3479910712659-42-15-136
Tax 03-25469-5-6-2
Profit After Tax -77-3799410312050-37-9-134
PAT Margin (%) -13.3%-4.7%1.0%9.8%11.6%11.3%5.2%-5.3%-0.8%-22.3%
Adjusted EPS (₹)-40.7-16.23.433.833.938.314.9-10.9-1.8-25.9
Dividend Payout Ratio (%)0%0%0%0%0%5%3%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 114115161267471631673635625491
Share Capital 19273128303134345252
Reserves 9588130239441599639601573439
Minority Interest0000000000
Debt64877127017215714997962742
Long Term Debt49573526915815614996952741
Short Term Debt15337115111111
Trade Payables5689136146115160180207261352
Others Liabilities 22919621319011713314114612865
Total Liabilities 1,0471,1717807758601,0731,0911,0831,041949

Fixed Assets

Gross Block398462438327396505576670701712
Accumulated Depreciation135156162224776112151195239
Net Fixed Assets263307277305349429464519506474
CWIP 10989336323877585967
Investments 170172174168168140140140140140
Inventories91545040571089710711699
Trade Receivables32044121714018120818914510361
Cash Equivalents 61257117662
Others Assets88108568067139118109111106
Total Assets 1,0471,1717807758601,0731,0911,0831,041949

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 157-9020420255107125748150
PBT -49-3479910712659-42-15-136
Adjustment 1101028428243037414627
Changes in Working Capital 95-15523570-74-36478951162
Tax Paid 0-32-2-1-14-18-14-1-2
Cash Flow From Investing Activity -35-44-40-86-63-90-102-69-243
Capex -32-44-42-50-65-115-110-76-32-20
Net Investments -3-3-200280000
Others 124-351-487823
Cash Flow From Financing Activity -119128-163-11410-13-26-7-57-57
Net Proceeds from Shares 4323700030220
Net Proceeds from Borrowing -4151-99-249-2-8-14-1-53-51
Interest Paid -77-84-67-8-2-4-5-4-5-6
Dividend Paid 000000-8-200
Others -4229-33143130-30-220
Net Cash Flow 3-61224-4-20-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-50.48-32.886.7844.4627.7921.797.7-5.59-1.48-24.04
ROCE (%)-0.045.589.7618.5317.3117.697.87-4.72-1.38-20.65
Asset Turnover Ratio0.60.760.981.331.11.10.90.631.070.6
PAT to CFO Conversion(x)N/AN/A22.672.150.530.892.5N/AN/AN/A
Working Capital Days
Receivable Days17716612563656775884050
Inventory Days69322016202839543665
Payable Days624663778774104159108244

Kiri Industries Ltd Stock News

Kiri Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kiri Industries on 28-Mar-2024 16:01 is ₹303.4.
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 Kiri Industries stood at ₹1,572.7.
The latest P/E ratio of Kiri Industries as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Kiri Industries as of 28-Mar-2024 16:01 is 3.68.
The 52-week high of Kiri Industries is ₹453.9 and the 52-week low is ₹262.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kiri Industries is ₹590.4 ( Cr.) .

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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.