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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Kabra Extrusion Technik Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:58 pm

Market Cap 1,515 Cr.
Current Price 433
High / Low501/290
Stock P/E42.4
Book Value 132
Dividend Yield0.81 %
ROCE10.4 %
ROE7.58 %
Face Value 5.00
PEG Ratio1.54

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kabra Extrusion Technik Ltd

Competitors of Kabra Extrusion Technik Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,548 Cr. 373582/35085.3 63.20.29 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 30.4 Cr. 91.3102/42.7 27.80.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,626 Cr. 18,05720,900/12,65256.4 1,7801.11 %25.9 %19.2 % 10.0
Cranex Ltd 86.2 Cr. 144190/47.045.9 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,037 Cr. 1,7342,062/53868.8 91.10.00 %72.8 %60.3 % 10.0
Industry Average12,595.17 Cr1,938.6558.75259.200.26%20.32%16.23%5.59

All Competitor Stocks of Kabra Extrusion Technik Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales69.0862.00107.3255.3483.10105.36162.63105.16180.05206.85177.96133.64182.39
Expenses59.1950.7490.4848.5070.9389.14142.9194.51162.00184.64154.56121.26170.95
Operating Profit9.8911.2616.846.8412.1716.2219.7210.6518.0522.2123.4012.3811.44
OPM %14.32%18.16%15.69%12.36%14.65%15.39%12.13%10.13%10.02%10.74%13.15%9.26%6.27%
Other Income0.510.611.280.521.210.280.230.591.331.010.241.292.40
Interest0.640.880.430.490.460.721.001.562.052.462.992.442.44
Depreciation2.322.302.652.642.802.842.973.253.323.433.563.713.86
Profit before tax7.448.6915.044.2310.1212.9415.986.4314.0117.3317.097.527.54
Tax %20.03%33.03%15.82%28.37%33.89%31.84%28.10%31.73%31.76%31.22%28.55%25.93%24.40%
Net Profit5.955.8312.663.046.698.8311.494.399.5511.9212.225.575.70
EPS in Rs1.871.833.970.952.102.773.581.372.983.723.641.661.63

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales191180223271299276268245220276406670618
Expenses179164200242261246240224208235351596562
Operating Profit12162330383028211341557456
OPM %6%9%10%11%13%11%10%8%6%15%13%11%9%
Other Income65294232033236
Interest13232212133910
Depreciation56689787810111415
Profit before tax1313172732232131631435536
Tax %21%15%19%17%29%10%6%21%-19%23%31%31%
Net Profit1011142222212024724303827
EPS in Rs3.143.404.457.027.046.516.317.672.347.589.3711.347.87
Dividend Payout %32%29%34%28%32%31%32%0%64%33%32%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)10.00%27.27%57.14%0.00%-4.55%-4.76%20.00%-70.83%242.86%25.00%26.67%
Change in YoY Net Profit Growth (%)0.00%17.27%29.87%-57.14%-4.55%-0.22%24.76%-90.83%313.69%-217.86%1.67%

Kabra Extrusion Technik Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:20%
3 Years:30%
TTM:-28%
Compounded Profit Growth
10 Years:9%
5 Years:5%
3 Years:9%
TTM:1%
Stock Price CAGR
10 Years:18%
5 Years:46%
3 Years:19%
1 Year:0%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:9%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital16161616161616161616171717
Reserves104113127140211218231217262313367433444
Borrowings161721178492724587486112
Other Liabilities64779874681008711097180177178167
Total Liabilities200224261248303337343370399568635714742
Fixed Assets504570107113108120134140156168183184
CWIP000010171062027
Investments525842166357524386564675107
Other Assets98121149124126172170186173356415435424
Total Assets200224261248303337343370399568635714742

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +205533191262838-63-432
Cash from Investing Activity +-16-51-19-811-39-328-29-52
Cash from Financing Activity +-5-1-5-14-11-13-59-5533424
Net Cash Flow-0-01-01-01-11-225

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow12.000.006.009.0021.0022.0024.0012.00-14.0017.00-3.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days324172494760532729506060
Inventory Days169147130118137223259339231272157205
Days Payable715269586912293121881366070
Cash Conversion Cycle129137133109114161219244172186156195
Working Capital Days5056705870891129978130100132
ROCE %10%13%16%19%12%10%13%3%12%13%15%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters59.46%60.22%60.44%60.45%60.44%60.44%60.23%60.23%60.24%60.24%60.24%60.24%
FIIs1.01%0.95%0.86%0.61%0.39%0.40%2.44%2.27%3.85%3.78%3.67%3.41%
DIIs0.01%0.01%0.04%0.01%0.10%0.10%0.23%0.09%0.01%0.01%0.01%0.01%
Government0.00%0.00%0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public39.52%38.82%38.42%38.93%39.06%39.05%37.11%37.41%35.91%35.97%36.08%36.33%
No. of Shareholders17,12721,01526,21026,56126,60324,63825,62327,49329,45330,18529,96532,953

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.8011.579.497.702.32
Diluted EPS (Rs.)9.6710.729.417.702.32
Cash EPS (Rs.)13.5015.3112.8710.614.76
Book Value[Excl.RevalReserv]/Share (Rs.)129.21114.16102.5287.1872.77
Book Value[Incl.RevalReserv]/Share (Rs.)129.21114.16102.5287.1872.77
Revenue From Operations / Share (Rs.)173.78199.46126.5285.9669.02
PBDIT / Share (Rs.)19.3123.0017.8213.674.85
PBIT / Share (Rs.)14.8418.9414.3210.642.43
PBT / Share (Rs.)12.0416.2413.489.801.97
Net Profit / Share (Rs.)9.0311.259.367.582.34
NP After MI And SOA / Share (Rs.)9.6711.169.447.702.32
PBDIT Margin (%)11.1011.5214.0815.907.02
PBIT Margin (%)8.539.4911.3112.383.51
PBT Margin (%)6.928.1410.6511.392.85
Net Profit Margin (%)5.195.647.398.813.39
NP After MI And SOA Margin (%)5.565.597.458.953.36
Return on Networth / Equity (%)7.489.779.208.833.19
Return on Capital Employeed (%)11.0315.6313.0011.533.10
Return On Assets (%)4.725.905.326.152.00
Long Term Debt / Equity (X)0.010.020.040.040.06
Total Debt / Equity (X)0.180.190.170.080.11
Asset Turnover Ratio (%)0.891.110.830.710.61
Current Ratio (X)1.891.871.701.931.62
Quick Ratio (X)0.920.940.750.860.58
Inventory Turnover Ratio (X)1.972.381.831.211.43
Dividend Payout Ratio (NP) (%)34.760.0026.340.0064.54
Dividend Payout Ratio (CP) (%)23.770.0019.200.0031.62
Earning Retention Ratio (%)65.240.0073.660.0035.46
Cash Earning Retention Ratio (%)76.230.0080.800.0068.38
Interest Coverage Ratio (X)6.908.5221.3816.1510.62
Interest Coverage Ratio (Post Tax) (X)4.235.1712.239.966.13
Enterprise Value (Cr.)1077.141641.351719.08588.54157.89
EV / Net Operating Revenue (X)1.772.454.242.150.71
EV / EBITDA (X)15.9521.2530.0613.4910.21
MarketCap / Net Operating Revenue (X)1.702.434.172.090.62
Retention Ratios (%)65.230.0073.650.0035.45
Price / BV (X)2.294.245.152.060.59
Price / Net Operating Revenue (X)1.702.434.172.090.62
EarningsYield0.030.020.010.040.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kabra Extrusion Technik Ltd as of November 18, 2024 is: 427.67

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Kabra Extrusion Technik Ltd is Overvalued by 1.23% compared to the current share price 433.00

Intrinsic Value of Kabra Extrusion Technik Ltd as of November 18, 2024 is: 545.08

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Kabra Extrusion Technik Ltd is Undervalued by 25.88% compared to the current share price 433.00

Last 5 Year EPS CAGR: 27.45%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (244.62 cr) compared to borrowings (36.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (318.69 cr) and profit (26.77 cr) over the years.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 87.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 162.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kabra Extrusion Technik Ltd:
    1. Net Profit Margin: 5.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.03% (Industry Average ROCE: 20.32%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 7.48% (Industry Average ROE: 16.23%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.23
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.92
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 42.4 (Industry average Stock P/E: 58.75)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.18
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Kabra Extrusion Technik Ltd. is a Public Limited Listed company incorporated on 21/10/1982 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28900MH1982PLC028535 and registration number is 028535. Currently Company is involved in the business activities of Manufacture of electric accumulator incuding parts thereof (separators, containers, covers). Company’s Total Operating Revenue is Rs. 405.90 Cr. and Equity Capital is Rs. 16.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy1001 Fortune Terraces, B Wing, New Link Road, Opp. Citi Mall, Mumbai Maharashtra 400053ket_sd@kolsitegroup.com
http://www.kolsite.com
Management
NamePosition Held
Mr. Shreevallabh G KabraExecutive Chairman
Mr. Anand S KabraVice Chairman & Mng.Director
Mrs. Ekta A KabraManaging Director
Mr. Satyanarayan G KabraDirector
Mrs. Chitra AndradeIndependent Director
Mr. Boman MoradianIndependent Director
Mr. Utpal H ShethIndependent Director
Mr. Bajrang Lal BagraIndependent Director

FAQ

What is the latest intrinsic value of Kabra Extrusion Technik Ltd?

The latest intrinsic value of Kabra Extrusion Technik Ltd as on 18 November 2024 is ₹427.67, which is 1.23% lower than the current market price of ₹433.00.

What is the Market Cap of Kabra Extrusion Technik Ltd?

The Market Cap of Kabra Extrusion Technik Ltd is 1,515 Cr..

What is the current Stock Price of Kabra Extrusion Technik Ltd as on 18 November 2024?

The current stock price of Kabra Extrusion Technik Ltd as on 18 November 2024 is ₹433.

What is the High / Low of Kabra Extrusion Technik Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kabra Extrusion Technik Ltd stocks is 501/290.

What is the Stock P/E of Kabra Extrusion Technik Ltd?

The Stock P/E of Kabra Extrusion Technik Ltd is 42.4.

What is the Book Value of Kabra Extrusion Technik Ltd?

The Book Value of Kabra Extrusion Technik Ltd is 132.

What is the Dividend Yield of Kabra Extrusion Technik Ltd?

The Dividend Yield of Kabra Extrusion Technik Ltd is 0.81 %.

What is the ROCE of Kabra Extrusion Technik Ltd?

The ROCE of Kabra Extrusion Technik Ltd is 10.4 %.

What is the ROE of Kabra Extrusion Technik Ltd?

The ROE of Kabra Extrusion Technik Ltd is 7.58 %.

What is the Face Value of Kabra Extrusion Technik Ltd?

The Face Value of Kabra Extrusion Technik Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kabra Extrusion Technik Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE