1. Is Kriti Industries (India) Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kriti Industries (India) Ltd is a average quality company.
2. Is Kriti Industries (India) Ltd undervalued or overvalued?
The key valuation ratios of Kriti Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Kriti Industries (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kriti Industries (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||18.2%||17.7%||12.7%||21%||13.7%||12.2%||11%||19.1%||23.3%||10%||-|
|Value Creation Index ⓘ||0.3||0.3||-0.1||0.5||-0.0||-0.1||-0.2||0.4||0.7||-0.3||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||12.2%||1.1%||27.7%||-21.2%||17.3%||33.1%||-6.1%||10.3%||-7.5%||-|
|Adj EPS ⓘ||1.2||1.2||0.6||2.4||1.9||1.7||1.2||4||7.8||2.8||-8.3|
|YoY Gr. Rt. %||-||-1.7%||-50%||303.4%||-21.9%||-9.7%||-26.2%||225.8%||92.6%||-64.1%||-|
|BVPS (₹) ⓘ||9.1||10||10.5||12.6||14.2||16||17.2||20.9||28.5||31||22.6|
|Adj Net Profit ⓘ||5.9||5.9||2.9||11.8||9.2||8.3||6.2||20||38.6||13.9||-41|
|Cash Flow from Ops. ⓘ||19.1||28||13.2||12.5||25.8||28.7||15.3||28.4||30.7||3.8||-|
|Debt/CF from Ops. ⓘ||2.2||1.3||3.5||4.6||2.7||2.1||4.8||2.6||2.5||27.4||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||9.8%||8.5%||31%||-64.1%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||13.8||12.4||5.8||20.6||13.9||11.1||7.5||21.2||31.5||9.4||-31.1|
|Op. Profit Mgn % ⓘ||7.8||7.3||5.4||8.2||8.1||6.9||5.1||8.5||11.7||7.3||-2.9|
|Net Profit Mgn % ⓘ||1.9||1.6||0.8||2.6||2.5||2||1.1||3.8||6.6||2.5||-5.9|
|Debt to Equity ⓘ||1||0.8||0.9||0.9||1||0.8||0.9||0.7||0.6||0.7||-|
|Working Cap Days ⓘ||135||136||122||90||129||124||112||144||140||167||0|
|Cash Conv. Cycle ⓘ||9||1||6||11||27||29||28||27||40||67||0|
Debt to equity has declined versus last 3 years average to 0.68
Sales growth is good in last 4 quarters at 38.47%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -1.44%
|TTM EPS (₹)||-8.3||-8.3|
|TTM Sales (₹ Cr.)||703||703|
|BVPS (₹.) ⓘ||22.6||22.8|
|Reserves (₹ Cr.) ⓘ||107||108|
|From the Market|
|52 Week Low / High (₹)||63.75 / 127.45|
|All Time Low / High (₹)||0.40 / 158.00|
|Market Cap (₹ Cr.)||387|
|Equity (₹ Cr.)||5|
|Face Value (₹)||1|
|Industry PE ⓘ||20.8|
Kriti Industries, established in 1983 is a reputed manufacturer of plastic polymer piping systems, moulded plastic products and premium quality refined soyabean products with a loyal customer base both in India and internationally. The greater part of the productsâ€™ manufacturing is based in central India with a branch in the western region. The group, as in the year 2008, has an annual turnover of more than Rs 5 billion with exports constituting above 25% of the pie.
Kriti has cherished the trust of its customers by walking that extra mile to integrate modern technology in its production facilities and processes to deliver a high quality product each time. The company conducts its business ethically, honours commitments and is continually adopting new environment friendly initiatives.
The companyâ€™s initial step was the setting up of a single screw extruder imported from Battenfield Germany, for manufacturing rigid PVC pipes in a small shed, 32 km from Indore in Madhya Pradesh with a capital of Rs 0.2 million taken from MPFC in the year 1983.
The brand â€˜Kastaâ€™ of the company was a success and led to expanded capacities and a dealership network of over 100 dealers. Strategically leveraging its relationship with the farmers, in 1992, a 200 tonnes per day solvent extraction plant was established where the company became buyer of seeds from the farmers who were purchasing companyâ€™s rigid PVC Pipes. The same year the company went public with an initial issue of Rs 48.3 million at a premium double its share value.
In 1995 a new range of injection moulding products was added to the basket. The range of offering of the RPVC pipes increased steadily from diameter of 63 mm to 316 mm.
The company added a 50 tonne edible oil refinery in the year 1998, whose capacity was increased to 70 tonnes within two years. This earmarked the successful launch of the brand â€˜Kriti Refined Edible Soya Oilâ€™ and further expansion of the capacity to 120 tonnes. With the advent of the telecom revolution a new range of institutional customers were added for the supply of co-extruded internally lubricated HDPE telecom ducts for laying optical fiber cables. The company subsequently started manufacturing large diameter HDPE pipes of 450 mm diameter for potable water supplies & sewage disposal.
In 2001, the company received the ISO 9000 certifiation, was processing 15000 tonne of plastics annually and added a 2 tonne per day lecithin plant in the soya division. The company was constantly expanding its plasticsâ€™ range and not only catered to customers in M P, Rajasthan, Gujarat, Maharashtra but also many leading institutional customers & government departments.
The year, 2004 was a landmark year when the company moved out of Madhya Pradesh to Ranjangaon, Pune and put up new state-of-the-art facilities for moulding for white goods & the automobile industry. In the subsequent year the company received a certificate for second highest sales of soya oil in India and also the ISO 22000 certification and many more opprtunities.
In 2007 Kriti became the pioneer in manufacturing and exporting Super HyPro Soyabean meal, value added soya flakes and speciality lecithin.
Today the company has a turnover of over Rs 5 billion and presence in over 15 states in India and exports in countries of western Europe and South East Asia. The company is working on development and continuous upgradation by focusing on research for supplying additional value to its offerings.
Different divisions of the company:
Product range of the company includes:
Kriti is certified by BVQI, with accreditation from UKAS, Quality Management, BVQI (hokiing) S.A with ISO 9001:2000 & ISO 14001:2004.