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Last Updated on: 27 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

KIOCL Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 26, 2024, 9:45 pm

Market Cap 21,198 Cr.
Current Price 349
High / Low577/303
Stock P/E
Book Value 29.6
Dividend Yield0.00 %
ROCE2.18 %
ROE4.32 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for KIOCL Ltd

Competitors of KIOCL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
KIOCL Ltd 21,198 Cr. 349577/303 29.60.00 %2.18 %4.32 % 10.0
Industry Average21,198.00 Cr349.00029.600.00%2.18%4.32%10.00

All Competitor Stocks of KIOCL Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5469351,0424623641,139366154288735501431549
Expenses472685754512457903420268332688565451513
Operating Profit74250288-49-93235-54-114-4447-64-1936
OPM %14%27%28%-11%-26%21%-15%-74%-15%6%-13%-5%7%
Other Income22281721171919201922131112
Interest3732252227524
Depreciation7778887774677
Profit before tax86263295-38-87241-44-103-3458-62-1837
Tax %26%26%27%21%24%20%0%0%0%-43%6%-19%-6%
Net Profit64194216-30-66194-44-102-3482-58-2139
EPS in Rs1.053.193.55-0.50-1.093.19-0.72-1.68-0.561.35-0.95-0.350.64

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
Sales1,3899761,2725341848701,6021,8881,9382,3763,0061,5432,217
Expenses1,4031,1051,6136864659701,6441,8081,9552,0252,6261,7082,217
Operating Profit-14-128-340-151-281-100-4280-18352380-164-0
OPM %-1%-13%-27%-28%-152%-12%-3%4%-1%15%13%-11%-0%
Other Income171205445215214155147125119101748057
Interest111001111015121418
Depreciation41434232232219192727312524
Profit before tax115326131-90318618464410411-12315
Tax %18%4%35%1%11%-54%5%39%32%27%24%20%
Net Profit94314031-80488111243301313-9842
EPS in Rs1.490.490.630.49-1.260.761.281.800.704.965.16-1.610.69
Dividend Payout %20%20%21%21%-8%49%83%74%100%33%34%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-67.02%29.03%-22.50%-358.06%160.00%68.75%38.27%-61.61%600.00%3.99%-131.31%
Change in YoY Net Profit Growth (%)0.00%96.05%-51.53%-335.56%518.06%-91.25%-30.48%-99.88%661.61%-596.01%-135.30%

KIOCL 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:4%
5 Years:0%
3 Years:-8%
TTM:-45%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-298%
Stock Price CAGR
10 Years:%
5 Years:24%
3 Years:13%
1 Year:12%
Return on Equity
10 Years:3%
5 Years:5%
3 Years:2%
Last Year:-4%

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 Capital635635635635635635622622608608608608608
Reserves1,4601,4901,5041,4281,4671,5111,3721,2941,3781,5361,3941,3111,189
Borrowings0010000124120126537180218
Other Liabilities302445403349440412329342396412419361304
Total Liabilities2,3962,5692,5422,4112,5412,5582,3232,3822,5022,6812,9582,4592,318
Fixed Assets333295249238221202200279271277282895966
CWIP70001242142296702159165
Investments00000042000000
Other Assets2,0572,2742,2932,1732,3202,3542,0762,0822,1892,1081,9751,4051,188
Total Assets2,3962,5692,5422,4112,5412,5582,3232,3822,5022,6812,9582,4592,318

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-178-93-88-44-261-100-126-229770-309105
Cash from Investing Activity +15140218546302-1358149298-132129-127
Cash from Financing Activity +-22-7-10-8-8-40-274-112-246-165337-372
Net Cash Flow-4930187-533-153181-85149-227157-395

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-14.00-128.00-340.00-152.00-281.00-100.00-42.0080.00-142.00232.00254.00-701.00

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 Days6224932611212233735841
Inventory Days1791223531201007790677967115134
Days Payable1349901119743322936245436
Cash Conversion Cycle2289727241644671618178145100
Working Capital Days1686917432735160536880193125
ROCE %2%3%1%-4%2%3%9%3%21%19%-5%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters99.03%99.03%99.03%99.03%99.03%99.03%99.03%99.03%99.03%99.03%99.03%99.03%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%
DIIs0.14%0.14%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.10%0.09%0.08%
Public0.82%0.83%0.83%0.84%0.83%0.82%0.84%0.84%0.84%0.86%0.86%0.88%
No. of Shareholders20,22118,17818,20519,02118,72218,58319,13118,85921,85727,53929,34530,882

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.)-1.37-1.615.164.870.70
Diluted EPS (Rs.)-1.37-1.615.164.870.70
Cash EPS (Rs.)-0.91-1.195.675.411.14
Book Value[Excl.RevalReserv]/Share (Rs.)31.5732.9435.2732.6830.81
Book Value[Incl.RevalReserv]/Share (Rs.)31.5732.9435.2732.6830.81
Dividend / Share (Rs.)0.000.001.771.640.70
Revenue From Operations / Share (Rs.)30.5125.4049.4739.2231.16
PBDIT / Share (Rs.)-0.36-1.387.487.451.63
PBIT / Share (Rs.)-0.81-1.796.966.991.18
PBT / Share (Rs.)-1.05-2.026.766.751.02
Net Profit / Share (Rs.)-1.37-1.615.164.960.69
PBDIT Margin (%)-1.18-5.4315.1118.985.21
PBIT Margin (%)-2.66-7.0614.0717.833.80
PBT Margin (%)-3.43-7.9513.6717.213.28
Net Profit Margin (%)-4.49-6.3210.4212.632.24
Return on Networth / Equity (%)-4.34-4.8714.6215.162.26
Return on Capital Employeed (%)-2.31-4.8917.9919.423.47
Return On Assets (%)-3.41-3.3211.7712.131.82
Long Term Debt / Equity (X)0.010.010.000.000.00
Total Debt / Equity (X)0.030.200.000.000.00
Asset Turnover Ratio (%)0.680.551.170.980.82
Current Ratio (X)4.422.656.627.347.90
Quick Ratio (X)2.872.185.506.306.92
Inventory Turnover Ratio (X)4.754.317.145.965.72
Dividend Payout Ratio (NP) (%)0.000.0050.8014.45190.25
Dividend Payout Ratio (CP) (%)0.000.0046.2013.24116.55
Earning Retention Ratio (%)0.000.0049.2085.55-90.25
Cash Earning Retention Ratio (%)0.000.0053.8086.76-16.55
Interest Coverage Ratio (X)-1.54-6.1537.2330.4510.15
Interest Coverage Ratio (Post Tax) (X)-4.84-6.1626.6821.275.36
Enterprise Value (Cr.)23263.529885.0511554.807275.472164.15
EV / Net Operating Revenue (X)12.556.403.843.051.12
EV / EBITDA (X)-1056.84-117.8725.4316.0821.40
MarketCap / Net Operating Revenue (X)12.766.644.213.661.91
Retention Ratios (%)0.000.0049.1985.54-90.25
Price / BV (X)12.335.125.904.401.93
Price / Net Operating Revenue (X)12.766.644.213.661.91
EarningsYield0.00-0.010.020.030.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of KIOCL Ltd as of November 27, 2024 is: 19.56

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 27, 2024, KIOCL Ltd is Overvalued by 94.40% compared to the current share price 349.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of KIOCL Ltd as of November 27, 2024 is: 19.50

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 27, 2024, KIOCL Ltd is Overvalued by 94.41% compared to the current share price 349.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -0.29%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,410.31 cr) compared to borrowings (100.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (198.23 cr) and profit (94.38 cr) over the years.
  1. The stock has a low average ROCE of 4.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 95.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 107.00, 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 KIOCL Ltd:
    1. Net Profit Margin: -4.49%
      • 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: -2.31% (Industry Average ROCE: 2.18%)
      • 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%: -4.34% (Industry Average ROE: 4.32%)
      • 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): -4.84
      • 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: 2.87
      • 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: 0 (Industry average Stock P/E: 0)
      • 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: 0.03
      • 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

KIOCL Ltd. is a Public Limited Listed company incorporated on 02/04/1976 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L13100KA1976GOI002974 and registration number is 002974. Currently Company is involved in the business activities of Mining of iron ores. Company’s Total Operating Revenue is Rs. 3006.45 Cr. and Equity Capital is Rs. 607.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Pig IronII Block, Kormangala, Bengaluru Karnataka 560034cs@kioclltd.in
http://www.kioclltd.in
Management
NamePosition Held
Mr. Ganti Venkat KiranChairman & Managing Director
Mr. Binay Krushna MahapatraFunctional Director
Mr. Changdev S KambleIndependent Director
Dr. Usha NarayanIndependent Director
Mrs. Sukriti LikhiGovernment Nominee Director
Dr. Sanjay RoyGovernment Nominee Director

FAQ

What is the latest intrinsic value of KIOCL Ltd?

The latest intrinsic value of KIOCL Ltd as on 27 November 2024 is ₹19.56, which is 94.40% lower than the current market price of ₹349.00.

What is the Market Cap of KIOCL Ltd?

The Market Cap of KIOCL Ltd is 21,198 Cr..

What is the current Stock Price of KIOCL Ltd as on 27 November 2024?

The current stock price of KIOCL Ltd as on 27 November 2024 is 349.

What is the High / Low of KIOCL Ltd stocks in FY 2024?

In FY 2024, the High / Low of KIOCL Ltd stocks is 577/303.

What is the Stock P/E of KIOCL Ltd?

The Stock P/E of KIOCL Ltd is .

What is the Book Value of KIOCL Ltd?

The Book Value of KIOCL Ltd is 29.6.

What is the Dividend Yield of KIOCL Ltd?

The Dividend Yield of KIOCL Ltd is 0.00 %.

What is the ROCE of KIOCL Ltd?

The ROCE of KIOCL Ltd is 2.18 %.

What is the ROE of KIOCL Ltd?

The ROE of KIOCL Ltd is 4.32 %.

What is the Face Value of KIOCL Ltd?

The Face Value of KIOCL 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 KIOCL 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