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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Kingfa Science & Technology (India) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:57 pm

Market Cap 3,511 Cr.
Current Price 2,899
High / Low3,734/1,400
Stock P/E26.2
Book Value 539
Dividend Yield0.34 %
ROCE30.1 %
ROE23.2 %
Face Value 10.0
PEG Ratio0.70

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

View Share Price Target for Kingfa Science & Technology (India) Ltd

Competitors of Kingfa Science & Technology (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIRM Holdings India Ltd 883 Cr. 130172/21.839.0 18.70.00 %%% 5.00
Fiberweb (India) Ltd 142 Cr. 49.266.6/29.012.3 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 170 Cr. 70.2120/68.022.9 34.10.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 2,865 Cr. 277458/16015.2 71.20.54 %41.9 %31.5 % 1.00
Bright Brothers Ltd 172 Cr. 302333/13439.0 1280.33 %0.72 %8.44 % 10.0
Industry Average5,093.50 Cr714.2850.95195.400.26%15.95%13.41%7.63

All Competitor Stocks of Kingfa Science & Technology (India) Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales194221222265256304346351340366339351394
Expenses190211202251242287338317310311289306356
Operating Profit410201414178343155504538
OPM %2%4%9%5%5%6%2%10%9%15%15%13%10%
Other Income21000-60111201
Interest0111121112111
Depreciation3333333444445
Profit before tax2716101053302749474032
Tax %32%75%26%25%26%27%27%26%25%26%25%25%25%
Net Profit22127742222037353024
EPS in Rs1.361.359.686.156.163.302.0418.2416.7030.2428.9324.4420.09

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
Sales1501571782193144276027027426271,0481,4041,395
Expenses1411551812122884085606666986079661,2761,215
Operating Profit92-3627194135432082128180
OPM %6%1%-2%3%8%5%7%5%6%3%8%9%13%
Other Income-0100146436-2224
Interest7778722243576
Depreciation33333368911131415
Profit before tax-0-7-12-517183929331241110163
Tax %123%29%31%35%38%30%36%35%26%55%26%26%
Net Profit0-5-8-3111225192553181121
EPS in Rs0.02-4.14-6.95-2.498.9310.2420.3515.7420.334.3925.2967.22100.31
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-60.00%62.50%466.67%9.09%108.33%-24.00%31.58%-80.00%520.00%161.29%
Change in YoY Net Profit Growth (%)0.00%122.50%404.17%-457.58%99.24%-132.33%55.58%-111.58%600.00%-358.71%

Kingfa Science & Technology (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:24%
5 Years:16%
3 Years:33%
TTM:17%
Compounded Profit Growth
10 Years:32%
5 Years:45%
3 Years:185%
TTM:10%
Stock Price CAGR
10 Years:28%
5 Years:36%
3 Years:45%
1 Year:31%
Return on Equity
10 Years:12%
5 Years:14%
3 Years:19%
Last Year:23%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital66610101212121212121212
Reserves1352109234293312336342372454576641
Borrowings34627516422117467146423346
Other Liabilities31314195119159210202246449502373364
Total Liabilities851051252304054855515966718801,0109941,063
Fixed Assets26242529768885107129126123252245
CWIP0014110279115123127131210
Investments0000000000000
Other Assets588199160319395388375419627756740808
Total Assets851051252304054855515966718801,0109941,063

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +9-24-119-119-1169630-2382716
Cash from Investing Activity +2-1-4-47-18-6-77-63-14-19-12-5
Cash from Financing Activity +-112553413714-72217-14-21-8
Net Cash Flow0006-1-10812-1115-63

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow9.00-32.00-65.00-69.0011.00-23.0020.0018.00-3.00-51.0036.0086.00

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 Days7897939911111010997123999399
Inventory Days52546485698563671001109476
Days Payable686672127108108119115152181155110
Cash Conversion Cycle628585577286534971283266
Working Capital Days579087668299596982485686
ROCE %-1%-9%4%22%9%13%9%10%4%16%25%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs6.33%6.35%6.34%6.32%6.32%6.33%6.34%6.35%6.36%6.33%6.34%6.35%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
Public18.68%18.66%18.66%18.69%18.68%18.67%18.66%18.66%18.64%18.67%18.67%18.61%
No. of Shareholders8,1788,6829,0228,7948,2057,9758,4909,4199,2669,4529,41410,566

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
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)101.1767.2225.294.3920.33
Diluted EPS (Rs.)101.1767.2225.294.3920.33
Cash EPS (Rs.)116.3578.9036.0013.3127.72
Book Value[Excl.RevalReserv]/Share (Rs.)486.00384.78317.57292.29287.84
Book Value[Incl.RevalReserv]/Share (Rs.)486.00384.78317.57292.29287.84
Dividend / Share (Rs.)10.000.000.000.000.00
Revenue From Operations / Share (Rs.)1228.451159.08865.13517.93612.28
PBDIT / Share (Rs.)155.39107.5668.4121.4337.86
PBIT / Share (Rs.)140.2195.8957.7012.5230.46
PBT / Share (Rs.)135.5890.4934.149.7927.53
Net Profit / Share (Rs.)101.1767.2225.294.3920.33
PBDIT Margin (%)12.649.277.904.136.18
PBIT Margin (%)11.418.276.662.414.97
PBT Margin (%)11.037.803.941.884.49
Net Profit Margin (%)8.235.792.920.843.31
Return on Networth / Equity (%)20.8117.477.961.507.06
Return on Capital Employeed (%)28.6624.6517.083.929.99
Return On Assets (%)12.328.053.490.794.12
Long Term Debt / Equity (X)0.000.000.040.060.05
Total Debt / Equity (X)0.050.080.100.110.12
Asset Turnover Ratio (%)1.481.491.350.981.29
Current Ratio (X)1.801.371.301.451.59
Quick Ratio (X)1.200.830.740.941.10
Inventory Turnover Ratio (X)4.113.844.474.035.42
Interest Coverage Ratio (X)33.5519.9515.677.8412.92
Interest Coverage Ratio (Post Tax) (X)22.8413.4711.192.617.94
Enterprise Value (Cr.)2400.361621.011546.18724.65469.93
EV / Net Operating Revenue (X)1.611.151.481.160.63
EV / EBITDA (X)12.7612.4418.6627.9210.25
MarketCap / Net Operating Revenue (X)1.601.141.461.130.60
Price / BV (X)4.033.453.992.001.28
Price / Net Operating Revenue (X)1.601.141.461.130.60
EarningsYield0.050.050.010.010.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kingfa Science & Technology (India) Ltd as of November 17, 2024 is: 3,287.40

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 17, 2024, Kingfa Science & Technology (India) Ltd is Undervalued by 13.40% compared to the current share price 2,899.00

Intrinsic Value of Kingfa Science & Technology (India) Ltd as of November 17, 2024 is: 4,523.70

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 17, 2024, Kingfa Science & Technology (India) Ltd is Undervalued by 56.04% compared to the current share price 2,899.00

Last 5 Year EPS CAGR: 37.61%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (283.77 cr) compared to borrowings (42.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (317.00 cr) and profit (33.69 cr) over the years.
  1. The stock has a low average ROCE of 11.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 73.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.17, 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 Kingfa Science & Technology (India) Ltd:
    1. Net Profit Margin: 8.23%
      • 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: 28.66% (Industry Average ROCE: 15.95%)
      • 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%: 20.81% (Industry Average ROE: 13.41%)
      • 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): 22.84
      • 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: 1.2
      • 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: 26.2 (Industry average Stock P/E: 50.95)
      • 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: 0.05
      • 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

Kingfa Science & Technology (India) Ltd. is a Public Limited Listed company incorporated on 10/11/1983 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L25209TN1983PLC010438 and registration number is 010438. Currently Company is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs. 1047.71 Cr. and Equity Capital is Rs. 12.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsDhun Building, 3rd Floor, Chennai (Madras) Tamil Nadu 600002cs@kingfaindia.com
http://www.kingfaindia.com
Management
NamePosition Held
Mr. Bo JingenManaging Director
Mr. Doraiswami BalajiExecutive Director
Mr. Wu XiaohuiNon Exe.Non Ind.Director
Mr. Dilip Dinkar KulkarniIndependent Director
Ms. Nilima Ramrao ShindeIndependent Director
Mr. Ramachandran SudhinderIndependent Director

FAQ

What is the latest intrinsic value of Kingfa Science & Technology (India) Ltd?

The latest intrinsic value of Kingfa Science & Technology (India) Ltd as on 17 November 2024 is ₹3287.40, which is 13.40% higher than the current market price of ₹2,899.00.

What is the Market Cap of Kingfa Science & Technology (India) Ltd?

The Market Cap of Kingfa Science & Technology (India) Ltd is 3,511 Cr..

What is the current Stock Price of Kingfa Science & Technology (India) Ltd as on 17 November 2024?

The current stock price of Kingfa Science & Technology (India) Ltd as on 17 November 2024 is ₹2,899.

What is the High / Low of Kingfa Science & Technology (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kingfa Science & Technology (India) Ltd stocks is 3,734/1,400.

What is the Stock P/E of Kingfa Science & Technology (India) Ltd?

The Stock P/E of Kingfa Science & Technology (India) Ltd is 26.2.

What is the Book Value of Kingfa Science & Technology (India) Ltd?

The Book Value of Kingfa Science & Technology (India) Ltd is 539.

What is the Dividend Yield of Kingfa Science & Technology (India) Ltd?

The Dividend Yield of Kingfa Science & Technology (India) Ltd is 0.34 %.

What is the ROCE of Kingfa Science & Technology (India) Ltd?

The ROCE of Kingfa Science & Technology (India) Ltd is 30.1 %.

What is the ROE of Kingfa Science & Technology (India) Ltd?

The ROE of Kingfa Science & Technology (India) Ltd is 23.2 %.

What is the Face Value of Kingfa Science & Technology (India) Ltd?

The Face Value of Kingfa Science & Technology (India) Ltd is 10.0.

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 Kingfa Science & Technology (India) 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