Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Kritika Wires Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 8:21 pm

Market Cap 312 Cr.
Current Price 11.7
High / Low 24.5/10.4
Stock P/E27.0
Book Value 3.34
Dividend Yield0.00 %
ROCE15.7 %
ROE12.8 %
Face Value 2.00
PEG Ratio0.71

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

View Share Price Target for Kritika Wires Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bombay Wire Ropes Ltd 36.0 Cr. 67.4 94.0/32.5 16.80.00 %6.18 %4.19 % 1.00
Kritika Wires Ltd 312 Cr. 11.7 24.5/10.427.0 3.340.00 %15.7 %12.8 % 2.00
Geekay Wires Ltd 524 Cr. 100 148/73.913.2 24.40.60 %34.5 %42.1 % 2.00
D P Wires Ltd 545 Cr. 354 605/35018.6 1540.00 %24.6 %17.4 % 10.0
Bharat Wire Ropes Ltd 1,494 Cr. 219 402/21017.6 1020.00 %18.7 %42.3 % 10.0
Industry Average703.80 Cr158.3519.0857.370.10%19.25%22.90%5.83

All Competitor Stocks of

Quarterly Result

MonthMar 2021Jun 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales43.4750.6061.1974.1865.9261.0862.5692.73101.06104.8792.35
Expenses41.9450.4059.6668.9064.0960.1360.9788.5899.17102.2490.21
Operating Profit1.530.201.535.281.830.951.594.151.892.632.14
OPM %3.52%0.40%2.50%7.12%2.78%1.56%2.54%4.48%1.87%2.51%2.32%
Other Income1.980.910.620.220.471.691.001.291.231.852.08
Interest0.270.640.500.950.420.810.721.010.760.951.28
Depreciation0.640.550.590.580.550.540.540.580.450.490.51
Profit before tax2.60-0.081.063.971.331.291.333.851.913.042.43
Tax %1.92%0.00%33.96%29.47%21.80%16.28%18.80%27.53%25.65%33.22%22.63%
Net Profit2.55-0.070.712.801.041.091.072.791.432.031.88
EPS in Rs0.10-0.000.030.110.040.040.040.100.050.080.07

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3577255274171135244282391
Expenses3473243257167132236274380
Operating Profit141317438911
OPM %3%5%5%6%3%2%3%3%3%
Other Income025464346
Interest138863334
Depreciation122433222
Profit before tax-10810216811
Tax %6%35%34%33%21%23%27%23%
Net Profit-005721468
EPS in Rs-0.100.060.260.250.060.030.150.220.30
Dividend Payout %0%0%0%0%0%0%22%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)40.00%-71.43%-50.00%300.00%50.00%
Change in YoY Net Profit Growth (%)0.00%-111.43%21.43%350.00%-250.00%

Kritika Wires Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2018-2019 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:48%
TTM:53%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:182%
TTM:58%
Stock Price CAGR
10 Years:%
5 Years:38%
3 Years:75%
1 Year:10%
Return on Equity
10 Years:%
5 Years:6%
3 Years:9%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:30 pm

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital331318181818185353
Reserves10112845464751563136
Borrowings20214542303121224050
Other Liabilities1385539392933222848
Total Liabilities4743141144134125124118153186
Fixed Assets18192319191718162530
CWIP2003330311
Investments0023111102
Other Assets282511611911110410498126154
Total Assets4743141144134125124118153186

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +006-218217-514
Cash from Investing Activity +00-9-0-20-37-11
Cash from Financing Activity +00-34-18-2-12-314
Net Cash Flow00-62-211-118

Free Cash Flow

MonthMar 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-19.00-17.00-32.00-25.00-26.00-28.00-13.00-13.00

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 2011Mar 2012Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days15260103100108159764635
Inventory Days1104947428196645941
Days Payable1413565457380502823
Cash Conversion Cycle121748696116175917853
Working Capital Days144807796133181908063
ROCE %5%19%8%4%9%12%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters72.89%72.89%72.89%72.89%72.89%72.89%72.89%72.89%59.86%72.55%72.55%63.35%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
DIIs0.00%0.00%0.00%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public27.11%27.10%27.10%27.08%27.10%27.11%27.11%27.11%40.14%27.45%27.45%36.64%
No. of Shareholders89921,14626,44627,53527,39426,36733,60142,11947,77749,49164,527

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
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)0.390.672.270.480.85
Diluted EPS (Rs.)0.390.672.270.480.85
Cash EPS (Rs.)0.460.923.541.922.59
Book Value[Excl.RevalReserv]/Share (Rs.)3.178.3438.8636.5236.04
Book Value[Incl.RevalReserv]/Share (Rs.)3.178.3438.8636.5236.04
Dividend / Share (Rs.)0.000.100.500.000.00
Revenue From Operations / Share (Rs.)16.2131.81137.2975.9996.50
PBDIT / Share (Rs.)0.731.465.843.575.93
PBIT / Share (Rs.)0.661.214.562.144.18
PBT / Share (Rs.)0.510.873.130.621.07
Net Profit / Share (Rs.)0.390.672.270.480.84
PBDIT Margin (%)4.554.594.254.706.14
PBIT Margin (%)4.073.813.322.814.33
PBT Margin (%)3.192.762.270.811.11
Net Profit Margin (%)2.402.121.650.630.87
Return on Networth / Equity (%)12.338.085.831.312.35
Return on Capital Employeed (%)20.6513.9710.985.3611.46
Return On Assets (%)6.815.053.250.641.12
Long Term Debt / Equity (X)0.000.030.060.080.00
Total Debt / Equity (X)0.470.290.300.460.47
Asset Turnover Ratio (%)3.192.331.901.011.23
Current Ratio (X)1.862.092.101.751.55
Quick Ratio (X)1.201.091.331.261.10
Inventory Turnover Ratio (X)9.196.486.323.674.96
Dividend Payout Ratio (NP) (%)0.0014.820.000.000.00
Dividend Payout Ratio (CP) (%)0.0010.820.000.000.00
Earning Retention Ratio (%)0.0085.180.000.000.00
Cash Earning Retention Ratio (%)0.0089.180.000.000.00
Interest Coverage Ratio (X)5.204.394.062.351.91
Interest Coverage Ratio (Post Tax) (X)3.753.022.581.321.27
Enterprise Value (Cr.)462.6292.6775.6789.3283.47
EV / Net Operating Revenue (X)1.070.320.310.660.48
EV / EBITDA (X)23.507.157.3014.087.93
MarketCap / Net Operating Revenue (X)1.030.250.260.480.34
Retention Ratios (%)0.0085.170.000.000.00
Price / BV (X)5.290.970.941.000.91
Price / Net Operating Revenue (X)1.030.250.260.480.34
EarningsYield0.020.080.060.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kritika Wires Ltd as of December 25, 2024 is: 11.77

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 December 25, 2024, Kritika Wires Ltd is Undervalued by 0.60% compared to the current share price 11.70

Intrinsic Value of Kritika Wires Ltd as of December 25, 2024 is: 16.24

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 December 25, 2024, Kritika Wires Ltd is Undervalued by 38.80% compared to the current share price 11.70

Last 5 Year EPS CAGR: 37.97%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (36.10 cr) compared to borrowings (32.20 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (207.11 cr) and profit (5.00 cr) over the years.
  1. The stock has a low average ROCE of 8.11%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 104.89, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 98.89, 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 Kritika Wires Ltd:
    1. Net Profit Margin: 2.4%
      • 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: 20.65% (Industry Average ROCE: 19.25%)
      • 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%: 12.33% (Industry Average ROE: 22.9%)
      • 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): 3.75
      • 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: 27 (Industry average Stock P/E: 15.9)
      • 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: 0.47
      • 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

Kritika Wires Ltd. is a Public Limited Listed company incorporated on 31/05/2004 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27102WB2004PLC098699 and registration number is 098699. Currently company belongs to the Industry of Steel - Wires. Company’s Total Operating Revenue is Rs. 243.72 Cr. and Equity Capital is Rs. 17.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Wires1A, Bonfield Lane, Kolkata West Bengal 700001sales@kritikawires.com
http://www.kritikawires.com
Management
NamePosition Held
Mr. Naresh Kumar AgarwalChairman & Wholetime Director
Mr. Hanuman Prasad AgarwalManaging Director
Mr. Ankush AgarwalWhole Time Director
Mr. Sanjeev BinaniNon Executive Director
Mr. Niraj JindalInd. Non-Executive Director
Mr. Shiv Kumar SaraffInd. Non-Executive Director
Mr. Rajiv AdukiaInd. Non-Executive Director
Mrs. Pooja BacchawatInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Kritika Wires Ltd?

The latest intrinsic value of Kritika Wires Ltd as on 25 December 2024 is ₹11.77, which is 0.60% higher than the current market price of ₹11.70. The stock has a market capitalization of 312 Cr. and recorded a high/low of 24.5/10.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹36 Cr and total liabilities of ₹186 Cr.

What is the Market Cap of Kritika Wires Ltd?

The Market Cap of Kritika Wires Ltd is 312 Cr..

What is the current Stock Price of Kritika Wires Ltd as on 25 December 2024?

The current stock price of Kritika Wires Ltd as on 25 December 2024 is 11.7.

What is the High / Low of Kritika Wires Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kritika Wires Ltd stocks is 24.5/10.4.

What is the Stock P/E of Kritika Wires Ltd?

The Stock P/E of Kritika Wires Ltd is 27.0.

What is the Book Value of Kritika Wires Ltd?

The Book Value of Kritika Wires Ltd is 3.34.

What is the Dividend Yield of Kritika Wires Ltd?

The Dividend Yield of Kritika Wires Ltd is 0.00 %.

What is the ROCE of Kritika Wires Ltd?

The ROCE of Kritika Wires Ltd is 15.7 %.

What is the ROE of Kritika Wires Ltd?

The ROE of Kritika Wires Ltd is 12.8 %.

What is the Face Value of Kritika Wires Ltd?

The Face Value of Kritika Wires Ltd is 2.00.

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 Kritika Wires 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