Kaira Can Company Ltd - Stock Valuation and Financial Performance

BSE: 504840 | NSE: | Packaging | Small Cap

Kaira Can Co Share Price

2,150 -1.00 -0.05%
as on 18-Apr'24 16:01

DeciZen - make an informed investing decision on Kaira Can Co

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kaira Can Company stock performance -

mw4me loader
P/E Ratio (SA):
45.03
Market Cap:
198.4 Cr.
52-wk low:
1,875.3
52-wk high:
2,869.7

Is Kaira Can Company Ltd an attractive stock to invest in?

1. Is Kaira Can Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kaira Can Company Ltd is a average quality company.

2. Is Kaira Can Company Ltd undervalued or overvalued?

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

3. Is Kaira Can Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kaira Can Company 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 Kaira Can Co:

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.
Kaira Can Company 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 % 9.6%9.3%4.7%5.3%8.3%6.9%7.4%9.9%14%10%-
Value Creation
Index
-0.3-0.3-0.7-0.6-0.4-0.5-0.5-0.30-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 121146125131145144157169235254228
Sales YoY Gr.-20.1%-14.1%4.7%10.4%-0.5%9.3%7.3%39.2%8%-
Adj EPS 44.739.814.229.451.245.650.469.7110.286.247.8
YoY Gr.--10.9%-64.4%107.1%74.2%-10.9%10.4%38.4%58.1%-21.7%-
BVPS (₹) 492.8526.4537.5569.3616.1644.2672.9734.3836.1911932.4
Adj Net
Profit
4.13.71.32.74.74.24.66.410.284
Cash Flow from Ops. 7.98.70.111.310.54.420.9-4.46.518.6-
Debt/CF from Ops. 2.52242.40.91.12.30-0.40.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.6%11.9%17.3%8%
Adj EPS 7.6%11%19.6%-21.7%
BVPS7.1%8.1%10.6%9%
Share Price 18.8% 16.6% 23.7% -23%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.67.82.75.38.67.27.79.9149.95.2
Op. Profit
Mgn %
7.88.96.76.98.37.97.37.88.26.13.8
Net Profit
Mgn %
3.42.51.12.13.32.933.84.33.11.9
Debt to
Equity
0.40.40.40.20.20.20000-
Working Cap
Days
12812214514214215814113010610061
Cash Conv.
Cycle
3021364135585661625939

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.30%

Net Profit is growing at healthy rate in last 3 years 19.64%

Return on Equity has declined versus last 3 years average to 5.20%

Sales growth is not so good in last 4 quarters at -9.88%

Latest Financials - Kaira Can Company Ltd.

Standalone Consolidated
TTM EPS (₹) 47.8 22.1
TTM Sales (₹ Cr.) 228 109
BVPS (₹.) 932.4 0
Reserves (₹ Cr.) 85 16
P/BV 2.31 0.00
PE 45.03 97.42
From the Market
52 Week Low / High (₹) 1875.25 / 2869.70
All Time Low / High (₹) 50.64 / 4473.00
Market Cap (₹ Cr.) 198
Equity (₹ Cr.) 0.9
Face Value (₹) 10
Industry PE 19.2

Management X-Ray of Kaira Can Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *23.2723.2723.3823.3822.6222.7622.7622.7622.7822.78
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kaira Can Co

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
Sales121146125131145144157169235254
Operating Expenses 112133117122133133146156216238
Manufacturing Costs28353134282728303843
Material Costs728472759292104113164180
Employee Cost 779889991011
Other Costs 5655665445
Operating Profit 91389121011121915
Operating Profit Margin (%) 7.7%8.8%6.7%6.8%8.2%7.2%7.2%7.3%8.2%6.1%
Other Income 4111100001
Interest 3331110000
Depreciation 2544555555
Exceptional Items 0000000000
Profit Before Tax 862475681511
Tax 3211212243
Profit After Tax 54235456108
PAT Margin (%) 4.5%2.6%1.3%2.1%3.3%2.5%2.9%3.5%4.4%3.2%
Adjusted EPS (₹)59.040.517.129.752.138.448.964.1111.287.2
Dividend Payout Ratio (%)8%12%29%17%12%17%20%16%11%14%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 45495052575962687784
Share Capital 1111111111
Reserves 45484952565861677683
Minority Interest0000000000
Debt171420910100210
Long Term Debt6222000000
Short Term Debt111217810100210
Trade Payables22251523242528192122
Others Liabilities 1313111010889108
Total Liabilities 9610095941011039898109113

Fixed Assets

Gross Block49545538434747485762
Accumulated Depreciation101418491318232731
Net Fixed Assets40403834343329263031
CWIP 0000001300
Investments 1100100000
Inventories29312932344443484945
Trade Receivables77881010791816
Cash Equivalents 543165116515
Others Assets1517171917107676
Total Assets 9610095941011039898109113

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8901111421-4719
PBT 862475681511
Adjustment 2765555554
Changes in Working Capital -0-3-73-0-412-15-86
Tax Paid -3-1-1-1-2-2-2-2-5-4
Cash Flow From Investing Activity -3-4-10-6-3-2-2-5-5
Capex -21-5-2-1-5-3-2-3-5-7
Net Investments 17011-100001
Others 2000000000
Cash Flow From Financing Activity -3-61-12-1-3-122-2-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1-4-1-1-1-20000
Interest Paid -2-3-2-1-1-10000
Dividend Paid -1-1-100-1-10-1-1
Others -115-1011-102-1-1
Net Cash Flow 2-20-14-17-5-111
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.647.953.225.368.796.097.429.1114.169.98
ROCE (%)17.4114.457.677.5312.118.4910.211220.2214.37
Asset Turnover Ratio1.481.621.411.521.571.411.561.722.272.28
PAT to CFO Conversion(x)1.62.2503.672.214.2-0.670.72.38
Working Capital Days
Receivable Days20162020212521182124
Inventory Days706980777899101987567
Payable Days9210110191929793774544

Kaira Can Company Ltd Stock News

Kaira Can Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kaira Can Co on 18-Apr-2024 16:01 is ₹2,150.
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 18-Apr-2024 16:01 the market cap of Kaira Can Co stood at ₹198.3.
The latest P/E ratio of Kaira Can Co as of 18-Apr-2024 16:01 is 45.03.
The latest P/B ratio of Kaira Can Co as of 18-Apr-2024 16:01 is 2.31.
The 52-week high of Kaira Can Co is ₹2,869.7 and the 52-week low is ₹1,875.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kaira Can Co is ₹227.9 ( Cr.) .

About Kaira Can Company Ltd

Kaira Can Company was incorporated on March 1, 1962 at Mumbai as a private company and was converted to public company on April 27, 1967.

Kaira Can Company is one of the leading manufacturers of metal containers. The company manufactures a wide range of OTS and General Purpose Cans for packing Processed Foods, Ready-to-eat Foods, Canned Vegetables, Fruit Pulps, Juices, Pickles, Dairy Products, etc and Aerosol cans for Deodorants, Room Fresheners, Pesticides, etc.   

At Kaira Can, with the expertise built over four decades of experience, they offer innovative packaging solutions to preserve the goodness of nature’s produce and bring about customer’s satisfaction. Over the years, Kaira Can has built a reputation for its technological capabilities, state-of-the-art facilities, quality, delivery and service.        

The plants are fully equipped with Automatic Can Manufacturing Lines, having a production capacity of 100 million cans per annum, to produce cans in diameters ranging from 52mm to 178mm. The wide experience and use of the most sophisticated technology as well as adherence to quality standards, enables Kaira Can to offer a quick and quality response to changing market demands and customers’ specifications. Kaira Can today stands out as the most preferred supplier of cans for export of foods and other products. 

The company produces high quality Components and Cans for exports. It follows the international standard and specifications. The company also exports flattened and built up cans in the diameter 202 to 700. Currently exporting large volumes of components in diameter ranging from 202 to 709 to various countries which includes Ring Lid Tagger Assembly and Ends. 

Product range of the company includes:

Tinplate Cans  -The company follows International quality standards for manufacture of following types of cans.  

  • Open Top Sanitary 
  • General Purpose Cans 
  • Aerosol Cans

Amul Milk Distribution  -Kaira Can Company Limited processes and packs Amul Milk in Mumbai. Amul Milk is among the best brands available in Mumbai milk markets, distributed in three varieties :  

  • Amul Taaza 
  • Amul Gold
  • Amul Shakti  

Sugar Cones for Ice-Cream- Rolled sugar cones are made on fully automatic lines imported from world renowned manufacturers. These cones are crisp and sweet in taste and will not get soggy. The ingredients of the cones can be modified to suit the required taste. Cones will be placed in the shelves automatically on line so that the breakage and hygiene are maintained. Proper hygiene, cleanliness and due care is taken to maintain the highest quality standard.  

Straight rim and heart shaped rim for industrial Ice Cream filling and natural rim for Ice Cream Parlours.

Achievements/ recognition

  • 2003  - Best Can-Food by Tinplate Promotion Council
  • 2003  - Largest Exporter by Tinplate Promotion Council
  • 2004  - Gift Can by India Star (IIP)
  • 2004  - Food Can by India Star (IIP)
  • 2005  - Highest Exports (Ptd sheets) by Cannovation
  • 2005  -  Highest Exports (compnents) by Cannovation
  • 2005 -  Printed Food Can by Cannovation
  • 2005  - Food Can by Asia Star
  • 2006  - Food Can by India Star (IIP)
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