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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kiri Industries Ltd

About the Company - Kiri Industries Ltd

Kiri Industries Ltd. is a Public Limited Listed company incorporated on 14/05/1998 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24231GJ1998PLC034094 and registration number is 034094. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company’s Total Operating Revenue is Rs. 1136.80 Cr. and Equity Capital is Rs. 51.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & Pigments7th Floor, Hasubhai Chambers, Ahmedabad Gujarat 380006investor@kiriindustries.com
http://www.kiriindustries.com
Management
NamePosition Held
Mr. Manish KiriChairman & Managing Director
Ms. Veena PadiaIndependent Director
Mr. Keyoor BakshiIndependent Director
Mr. Mukesh DesaiIndependent Director
Mr. Yagnesh MankadWhole Time Director
Mr. Girish TandelWhole Time Director

Basic Stock Data of Kiri Industries Ltd

Last Updated: June 25, 2024, 10:34 pm

Market Cap 1,750 Cr.
Current Price 339
High / Low454/261
Stock P/E13.2
Book Value 542
Dividend Yield0.00 %
ROCE1.84 %
ROE4.85 %
Face Value 10.0
PEG Ratio-0.41

Kiri Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales310363293358429417277242204222227231219
Expenses271314273330381392285249221227226240231
Operating Profit394920284925-9-7-17-52-10-13
OPM %13%14%7%8%11%6%-3%-3%-8%-2%1%-4%-6%
Other Income1000010003123
Interest1111111122456
Depreciation12141313131212121212121212
Profit before tax26357143512-22-20-31-16-13-26-28
Tax %22%-12%1%14%30%23%-21%-28%-10%-15%-18%-5%-6%
Net Profit1491169110110691546154-61-319126
EPS in Rs44.2634.5724.6025.2926.5117.5610.3211.7010.42-11.86-0.493.6324.38

Last Updated: June 7, 2024, 9:01 am

Kiri Industries Ltd Quarterly Chart

Kiri Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5565546919311,0301,1251,1171,3941,3059571,497945899
Expenses4755316198319179669361,1631,1198741,376983925
Operating Profit81237310011315918123118683121-37-26
OPM %15%4%11%11%11%14%16%17%14%9%8%-4%-3%
Other Income-19-110-2821715923392652333382159
Interest5478808674935545617
Depreciation32353728272934384446504949
Profit before tax-24-199-72-1330279376198402265404122-82
Tax %-33%-0%-1%-22%13%5%5%17%7%5%4%13%
Net Profit-32-2001018219626635816437625238910781
EPS in Rs-16.84-105.025.2279.8873.7195.40118.3852.36111.6975.1075.0020.5815.66
Dividend Payout %0%0%0%0%0%0%0%4%0%1%0%0%

Kiri Industries Ltd Profit & Loss Yearly Chart

Kiri Industries Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:-7%
3 Years:0%
TTM:0%
Compounded Profit Growth
10 Years:13%
5 Years:-4%
3 Years:-19%
TTM:25%
Stock Price CAGR
10 Years:11%
5 Years:-8%
3 Years:-18%
1 Year:21%
Return on Equity
10 Years:15%
5 Years:11%
3 Years:8%
Last Year:5%

Last Updated: June 25, 2024, 5:04 pm

Kiri Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191923272830313434525252
Reserves3551681614205961,0051,3451,5341,8972,1472,5212,6272,644
Preference Capital000440369101000
Borrowings5537357827874251841681581431429645117
Other Liabilities199192251326292257281336330377406477431
Total Liabilities1,1261,1141,2121,5561,3391,4731,8242,0582,4042,7003,0743,2013,244
Fixed Assets349325324368333376412484512563546510490
CWIP951091118963632387958637272
Investments1141141963945687179489541,2141,4451,7811,9922,050
Other Assets568567581705433344433582599634685627632
Total Assets1,1261,1141,2121,5561,3391,4731,8242,0582,4042,7003,0743,2013,244

Kiri Industries Ltd Reserves and Borrowings Chart

Kiri Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11432169-8322620664141124729289
Cash from Investing Activity -158-22-120-247-212-105-66-119-104-70-29-18
Cash from Financing Activity 37-8-453251-1192-16-27-7-57-57
Net Cash Flow-814-616-1906-7-5614

Kiri Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days17718917518490487066901267080
Inventory Days16714810056423963696510490105
Days Payable10689808596878981100158119213
Cash Conversion Cycle23724819515536-04455557241-28
Working Capital Days1861901081517265539406940-13
ROCE %5%-1%4%7%9%25%27%12%21%12%16%5%

Kiri Industries Ltd Financial Efficiency Indicators Chart

Kiri Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters38.01%34.98%34.98%26.72%26.72%26.72%26.72%26.72%26.72%26.72%26.72%26.72%
FIIs30.35%35.11%34.48%49.13%48.40%48.43%48.34%46.53%46.81%46.35%45.73%42.07%
DIIs0.67%0.62%0.62%0.48%0.47%0.48%0.48%0.48%0.48%0.54%0.56%0.48%
Public30.90%29.23%29.92%23.67%24.41%24.36%24.46%26.29%26.01%26.40%27.00%30.74%
Others0.07%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders28,00033,37135,08431,61830,68529,35727,93829,91830,15432,60030,28530,810

Kiri Industries Ltd Shareholding Pattern Chart

No. of Kiri Industries Ltd Shareholders

Kiri Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund37,5250.221.0237,5252024-06-230%
Groww Nifty Total Market Index Fund880.01037,5252024-06-23-99.77%

Kiri Industries Ltd ROCE Trend

Kiri Industries Ltd EPS Trend

Kiri Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)25.5520.6795.4975.07114.33
Diluted EPS (Rs.)25.5520.6774.9448.6972.34
Cash EPS (Rs.)-7.57-10.8219.8920.2047.62
Book Value[Excl.RevalReserv]/Share (Rs.)542.45516.89496.32643.22568.56
Book Value[Incl.RevalReserv]/Share (Rs.)542.45516.89496.32643.22568.56
Revenue From Operations / Share (Rs.)183.12182.32288.79284.65388.27
PBDIT / Share (Rs.)-0.67-6.5923.7825.2356.91
PBIT / Share (Rs.)-10.05-16.0214.1011.5143.71
PBT / Share (Rs.)-14.46-17.2313.1810.3242.27
Net Profit / Share (Rs.)-16.96-20.2510.216.4834.41
NP After MI And SOA / Share (Rs.)25.6620.5875.0075.09111.69
PBDIT Margin (%)-0.36-3.618.238.8614.65
PBIT Margin (%)-5.49-8.784.884.0411.25
PBT Margin (%)-7.89-9.454.563.6210.88
Net Profit Margin (%)-9.25-11.103.532.278.86
NP After MI And SOA Margin (%)14.0111.2825.9726.3828.76
Return on Networth / Equity (%)4.733.9815.1111.6719.64
Return on Capital Employeed (%)-1.83-3.042.801.687.16
Return On Assets (%)3.893.3312.649.3515.62
Long Term Debt / Equity (X)0.010.010.010.040.04
Total Debt / Equity (X)0.040.010.030.040.04
Asset Turnover Ratio (%)0.280.300.600.390.61
Current Ratio (X)0.981.131.241.351.45
Quick Ratio (X)0.620.710.710.921.04
Inventory Turnover Ratio (X)3.042.755.713.644.60
Interest Coverage Ratio (X)-0.15-5.4125.7821.1639.56
Interest Coverage Ratio (Post Tax) (X)-2.85-15.6312.076.4324.92
Enterprise Value (Cr.)1599.981416.912615.311489.90987.36
EV / Net Operating Revenue (X)1.691.501.751.560.75
EV / EBITDA (X)-460.34-41.5021.2217.565.16
MarketCap / Net Operating Revenue (X)1.661.561.701.470.69
Price / BV (X)0.550.540.980.640.47
Price / Net Operating Revenue (X)1.661.561.701.470.69
EarningsYield0.080.070.150.170.41

Kiri Industries Ltd Profitability Ratios (%)

Kiri Industries Ltd Liquidity Ratios

Kiri Industries Ltd Liquidity Ratios (%)

Kiri Industries Ltd Interest Coverage Ratios (%)

Kiri Industries Ltd Valuation Ratios

Fair Value

Fair Value: 353.93

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.

Undervalued: 4.40% compared to the current price 339

Intrinsic Value: 238.93

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 29.52% compared to the current price ₹339

Last 5 Year EPS CAGR: -32.49%

*Investments are subject to market risks

Strength and Weakness of Kiri Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,340.00 cr) compared to borrowings (5.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (426.08 cr) and profit (129.69 cr) over the years.
  1. The stock has a low average ROCE of 11.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 74.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 92.50, which may not be favorable.

FAQ

What is the latest fair value of Kiri Industries Ltd?

The latest fair value of Kiri Industries Ltd is ₹353.93.

What is the Market Cap of Kiri Industries Ltd?

The Market Cap of Kiri Industries Ltd is 1,750 Cr..

What is the current Stock Price of Kiri Industries Ltd as on 25 June 2024?

The current stock price of Kiri Industries Ltd as on 25 June 2024 is ₹339.

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

In FY 2024, the High / Low of Kiri Industries Ltd stocks is 454/261.

What is the Stock P/E of Kiri Industries Ltd?

The Stock P/E of Kiri Industries Ltd is 13.2.

What is the Book Value of Kiri Industries Ltd?

The Book Value of Kiri Industries Ltd is 542.

What is the Dividend Yield of Kiri Industries Ltd?

The Dividend Yield of Kiri Industries Ltd is 0.00 %.

What is the ROCE of Kiri Industries Ltd?

The ROCE of Kiri Industries Ltd is 1.84 %.

What is the ROE of Kiri Industries Ltd?

The ROE of Kiri Industries Ltd is 4.85 %.

What is the Face Value of Kiri Industries Ltd?

The Face Value of Kiri Industries 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 Kiri Industries 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