Kriti Industries (India) Ltd - Stock Valuation and Financial Performance

BSE: 526423 | NSE: KRITI | Plastic Products | Small Cap

Kriti Industries (I) Share Price

202.90 4.50 2.27%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Kriti Industries (I)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kriti Industries (India) stock performance -

mw4me loader
P/E Ratio (SA):
46.99
Market Cap:
1,006.2 Cr.
52-wk low:
88
52-wk high:
217

Is Kriti Industries (India) Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is Kriti Industries (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kriti Industries (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Kriti Industries (I):

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.
Kriti Industries (India) 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.7%21%13.7%12.2%11%19.1%23.3%10%-4.9%13.3%-
Value Creation
Index
-0.10.50.0-0.1-0.20.40.7-0.3-1.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 362463365428569534589545732867867
Sales YoY Gr.-27.7%-21.2%17.3%33.1%-6.1%10.3%-7.5%34.5%18.3%-
Adj EPS 0.62.41.91.71.247.82.8-54.34.3
YoY Gr.-303.4%-21.9%-9.7%-26.2%225.8%92.6%-64.1%-279.2%NA-
BVPS (₹) 10.512.614.21617.220.928.53126.130.330.3
Adj Net
Profit
2.911.89.28.36.22038.613.9-24.821.121
Cash Flow from Ops. 13.212.525.828.715.328.430.73.826.857.6-
Debt/CF from Ops. 3.54.62.72.14.82.62.527.44.72.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%8.8%13.7%18.3%
Adj EPS 24.5%27.9%-18.3%NA
BVPS12.6%12%2.1%16.3%
Share Price 39.7% 57.9% 18.5% 64.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.820.613.911.17.521.231.59.4-17.515.114.3
Op. Profit
Mgn %
5.48.28.16.95.18.511.77.3-1.16.96.9
Net Profit
Mgn %
0.82.62.521.13.86.62.5-3.42.42.5
Debt to
Equity
0.90.910.80.90.70.60.710.90.4
Working Cap
Days
1229012912411214414016713210872
Cash Conv.
Cycle
61127292827406747329

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 13.73%

Debt to equity has declined versus last 3 years average to 0.89

Sales growth is good in last 4 quarters at 23.43%

Net Profit has been subdued in last 3 years -18.25%

Latest Financials - Kriti Industries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 4.4
TTM Sales (₹ Cr.) 867 867
BVPS (₹.) 30.3 30.6
Reserves (₹ Cr.) 145 147
P/BV 6.69 6.63
PE 46.99 45.88
From the Market
52 Week Low / High (₹) 87.95 / 217.00
All Time Low / High (₹) 0.40 / 217.00
Market Cap (₹ Cr.) 1,006
Equity (₹ Cr.) 5
Face Value (₹) 1
Industry PE 48.7

Management X-Ray of Kriti Industries (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kriti Industries (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales362463365428569534589545732867
Operating Expenses 343425336398540489521506740807
Manufacturing Costs16191720252621203039
Material Costs297364284340464412446439649689
Employee Cost 15151616212121212834
Other Costs 15261823313032253345
Operating Profit 1938292929456939-859
Operating Profit Margin (%) 5.3%8.1%7.9%6.8%5.1%8.5%11.6%7.1%-1.1%6.9%
Other Income 1213221143
Interest 13161213151711141721
Depreciation 44566778912
Exceptional Items 00000-10100
Profit Before Tax 419131410225119-3130
Tax 184542135-78
Profit After Tax 312997193814-2321
PAT Margin (%) 0.7%2.5%2.4%2.2%1.2%3.6%6.5%2.6%-3.2%2.5%
Adjusted EPS (₹)0.52.41.81.91.33.97.72.8-4.74.3
Dividend Payout Ratio (%)0%8%9%8%11%4%3%7%0%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5262708085104141154129150
Share Capital 5555555555
Reserves 475865758099136149124145
Minority Interest0000000000
Debt3852565366667198116121
Long Term Debt14201513221526203358
Short Term Debt24324139445145788363
Trade Payables70757496120145105127129133
Others Liabilities 24293727363739384456
Total Liabilities 183218237255308352356416419461

Fixed Assets

Gross Block91997990111126131144171215
Accumulated Depreciation4044510162331394860
Net Fixed Assets5155747995102100106124155
CWIP 3400119141713
Investments 888887781112
Inventories65648194110134162207159156
Trade Receivables27523844626838325367
Cash Equivalents 810811121416131320
Others Assets21252718202725364238
Total Assets 183218237255308352356416419461

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1313262915283142758
PBT 419131410225119-3130
Adjustment 15181617192318222330
Changes in Working Capital -5-22-10-12-11-26-3135-4
Tax Paid -1-3-2-3-2-5-13-6-12
Cash Flow From Investing Activity -10-9-18-11-22-14-15-15-31-46
Capex -12-9-20-11-22-15-14-18-28-40
Net Investments 0-21-1-2-1-21-2-9
Others 1111121203
Cash Flow From Financing Activity -3-3-8-166-14-16114-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 85-4-29-71-61425
Interest Paid -13-16-12-13-15-17-11-14-17-21
Dividend Paid -1-10-1-1-1-1-1-10
Others 388-11310-5338-15
Net Cash Flow 0001-100000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.3120.4513.1212.318.0220.3531.199.51-16.5415.31
ROCE (%)18.1532.3219.451916.8123.0331.3213.99-5.2118.85
Asset Turnover Ratio1.992.571.791.812.021.621.661.411.751.97
PAT to CFO Conversion(x)4.331.082.893.222.141.470.820.29N/A2.76
Working Capital Days
Receivable Days39284134344433232125
Inventory Days644665726683911239166
Payable Days11273969185117102967270

Kriti Industries (India) Ltd Stock News

Kriti Industries (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kriti Industries (I) on 12-Jul-2024 16:01 is ₹202.9.
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 12-Jul-2024 16:01 the market cap of Kriti Industries (I) stood at ₹1,006.2.
The latest P/E ratio of Kriti Industries (I) as of 12-Jul-2024 16:01 is 46.99.
The latest P/B ratio of Kriti Industries (I) as of 12-Jul-2024 16:01 is 6.69.
The 52-week high of Kriti Industries (I) is ₹217.0 and the 52-week low is ₹87.95.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kriti Industries (I) is ₹866.6 ( Cr.) .

About Kriti Industries (India) Ltd

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 products’ 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 company’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 ‘Kasta’  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 company’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 ‘Kriti Refined Edible Soya Oil’ 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 plastics’ 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:

  • Plastics Division   This division houses comprehensive extrusion and moulding facilities. The products are sold under the brand names of Kasta, Koresil and are used for agriculture, micro irrigation, construction, infrastructure and telecommunication purposes.  
  • Soya Division   A state-of-the-art manufacturing setup which includes solvent extraction plants, vegetable oil refinery, lecithin plant, effluent treatment plant, fluidized bed boilers and an in-house tin and jar manufacturing facility. It uses best quality, Non GMO soyabean seeds with a high nutrient content to manufacture a premium quality product range.The range includes refined soyabean oil, superhypro meal, defatted soya flakes and lecithin used for human consumption, cattle feed, poultry, aquaculture, confectionary, dairy product, industrial applications and pharmaceutical preparations.  
  • Engineering Plastics Division   It is an auto component manufacturing division, which produces moulded plastic components for automobiles. The customer list includes the leading automobile manufacturers of India.

Product range of the company includes:

Plastics

  • Plain Pipes
  • Selfit Pipes
  • Selfit SWR Pipes 
  • Ring-O-Socketed SWR Pipes

Fittings

  • PLB HDPE Duct
  • PLB Ribbed (speed) HDPE Duct
  • PLB with pre-installed cable HDPE duct
  • PLB with tracer HDPE duct
  • PLB with pre-installed pulling rope
  • HDPE Duct
  • Fittings and accessories

Engineering Plastics

  • Automotive
  • White goods
  • Furniture

Soya

  • Refined Oil
  • Textured Vegetable Protein
  • Full Fat Soya Flour
  • Lecithin

Achievements/ recognition:

Kriti is certified by BVQI, with accreditation from UKAS, Quality Management, BVQI (hokiing) S.A with ISO 9001:2000 & ISO 14001:2004.

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