Fundamental Analysis of Kritika Wires Ltd

About the Company - Kritika Wires Ltd

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.

INDUSTRY	ADDRESS	CONTACT
Steel - Wires	1A, Bonfield Lane, Kolkata West Bengal 700001	sales@kritikawires.com http://www.kritikawires.com

Management
Name	Position Held
Mr. Naresh Kumar Agarwal	Chairman & Wholetime Director
Mr. Hanuman Prasad Agarwal	Managing Director
Mr. Ankush Agarwal	Whole Time Director
Mr. Sanjeev Binani	Non Executive Director
Mr. Niraj Jindal	Ind. Non-Executive Director
Mr. Shiv Kumar Saraff	Ind. Non-Executive Director

Basic Stock Data of Kritika Wires Ltd

Last Updated: July 26, 2024, 10:25 pm

Market Cap	518 Cr.
Current Price	19.5
High / Low	24.5/5.00
Stock P/E	49.8
Book Value	3.17
Dividend Yield	0.00 %
ROCE	16.0 %
ROE	13.1 %
Face Value	2.00
PEG Ratio	1.31

Data Source: screener.in

Kritika Wires Ltd Quarterly Results

Month	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	43.47	50.60	61.19	74.18	65.92	61.08	62.56	92.73	101.06	104.87	92.35
Expenses	41.94	50.40	59.66	68.90	64.09	60.13	60.97	88.58	99.17	102.24	90.21
Operating Profit	1.53	0.20	1.53	5.28	1.83	0.95	1.59	4.15	1.89	2.63	2.14
OPM %	3.52%	0.40%	2.50%	7.12%	2.78%	1.56%	2.54%	4.48%	1.87%	2.51%	2.32%
Other Income	1.98	0.91	0.62	0.22	0.47	1.69	1.00	1.29	1.23	1.85	2.08
Interest	0.27	0.64	0.50	0.95	0.42	0.81	0.72	1.01	0.76	0.95	1.28
Depreciation	0.64	0.55	0.59	0.58	0.55	0.54	0.54	0.58	0.45	0.49	0.51
Profit before tax	2.60	-0.08	1.06	3.97	1.33	1.29	1.33	3.85	1.91	3.04	2.43
Tax %	1.92%	0.00%	33.96%	29.47%	21.80%	16.28%	18.80%	27.53%	25.65%	33.22%	22.63%
Net Profit	2.55	-0.07	0.71	2.80	1.04	1.09	1.07	2.79	1.43	2.03	1.88
EPS in Rs	0.10	-0.00	0.03	0.11	0.04	0.04	0.04	0.10	0.05	0.08	0.07

Last Updated: July 11, 2024, 9:23 am

Kritika Wires Ltd Quarterly Chart

Kritika Wires Ltd Profit & Loss

Last Updated: July 10, 2024, 7:09 pm

Month	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	35	77	255	274	171	135	244	282	391
Expenses	34	73	243	257	167	132	236	274	380
Operating Profit	1	4	13	17	4	3	8	9	11
OPM %	3%	5%	5%	6%	3%	2%	3%	3%	3%
Other Income	0	2	5	4	6	4	3	4	6
Interest	1	3	8	8	6	3	3	3	4
Depreciation	1	2	2	4	3	3	2	2	2
Profit before tax	-1	0	8	10	2	1	6	8	11
Tax %	6%	35%	34%	33%	21%	23%	27%	23%
Net Profit	-0	0	5	7	2	1	4	6	8
EPS in Rs	-0.10	0.06	0.26	0.25	0.06	0.03	0.15	0.22	0.30
Dividend Payout %	0%	0%	0%	0%	0%	0%	22%	0%

Kritika Wires Ltd Profit & Loss Yearly Chart

Kritika Wires Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	9%
3 Years:	48%
TTM:	53%

Compounded Profit Growth
10 Years:	%
5 Years:	9%
3 Years:	185%
TTM:	74%

Stock Price CAGR
10 Years:	%
5 Years:	53%
3 Years:	107%
1 Year:	280%

Return on Equity
10 Years:	%
5 Years:	6%
3 Years:	9%
Last Year:	13%

Last Updated: July 25, 2024, 9:33 am

Kritika Wires Ltd Balance Sheet

Last Updated: July 10, 2024, 7:09 pm

Month	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	3	3	13	18	18	18	18	18	18
Reserves	10	11	28	45	46	47	51	56	60
Borrowings	20	21	45	42	30	31	21	22	46
Other Liabilities	13	8	55	39	39	29	33	22	33
Total Liabilities	47	43	141	144	134	125	124	118	156
Fixed Assets	18	19	23	19	19	17	18	16	16
CWIP	2	0	0	3	3	3	0	3	4
Investments	0	0	2	3	1	1	1	1	0
Other Assets	28	25	116	119	111	104	104	98	137
Total Assets	47	43	141	144	134	125	124	118	156

Kritika Wires Ltd Reserves and Borrowings Chart

Kritika Wires Ltd Cash Flow

Month	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	0	0	6	-2	18	2	17	-5	14
Cash from Investing Activity	0	0	-9	-0	-2	0	-3	7	-11
Cash from Financing Activity	0	0	-3	4	-18	-2	-12	-3	14
Net Cash Flow	0	0	-6	2	-2	1	1	-1	18

Kritika Wires Ltd Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	152	60	103	100	108	159	76	46
Inventory Days	110	49	47	42	81	96	64	59
Days Payable	141	35	65	45	73	80	50	28
Cash Conversion Cycle	121	74	86	96	116	175	91	78
Working Capital Days	144	80	77	96	133	181	90	80
ROCE %		5%		19%	8%	4%	9%	12%

Kritika Wires Ltd Financial Efficiency Indicators Chart

Kritika Wires Ltd Share Holding Pattern

Month	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	72.89%	72.89%	72.89%	72.89%	72.89%	72.89%	72.89%	72.89%	72.89%	72.89%	59.86%	72.55%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	27.10%	27.10%	27.11%	27.10%	27.10%	27.08%	27.10%	27.11%	27.11%	27.11%	40.14%	27.45%
No. of Shareholders	100	91	89	92	1,146	26,446	27,535	27,394	26,367	33,601	42,119	47,777

Kritika Wires Ltd Shareholding Pattern Chart

No. of Kritika Wires Ltd Shareholders

This stock is not held by any mutual fund

Kritika Wires Ltd ROCE Trend

Kritika Wires Ltd EPS Trend

Kritika Wires Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.39	0.67	2.27	0.48	0.85
Diluted EPS (Rs.)	0.39	0.67	2.27	0.48	0.85
Cash EPS (Rs.)	0.46	0.92	3.54	1.92	2.59
Book Value[Excl.RevalReserv]/Share (Rs.)	3.17	8.34	38.86	36.52	36.04
Book Value[Incl.RevalReserv]/Share (Rs.)	3.17	8.34	38.86	36.52	36.04
Dividend / Share (Rs.)	0.00	0.10	0.50	0.00	0.00
Revenue From Operations / Share (Rs.)	16.21	31.81	137.29	75.99	96.50
PBDIT / Share (Rs.)	0.73	1.46	5.84	3.57	5.93
PBIT / Share (Rs.)	0.66	1.21	4.56	2.14	4.18
PBT / Share (Rs.)	0.51	0.87	3.13	0.62	1.07
Net Profit / Share (Rs.)	0.39	0.67	2.27	0.48	0.84
PBDIT Margin (%)	4.55	4.59	4.25	4.70	6.14
PBIT Margin (%)	4.07	3.81	3.32	2.81	4.33
PBT Margin (%)	3.19	2.76	2.27	0.81	1.11
Net Profit Margin (%)	2.40	2.12	1.65	0.63	0.87
Return on Networth / Equity (%)	12.33	8.08	5.83	1.31	2.35
Return on Capital Employeed (%)	20.65	13.97	10.98	5.36	11.46
Return On Assets (%)	6.81	5.05	3.25	0.64	1.12
Long Term Debt / Equity (X)	0.00	0.03	0.06	0.08	0.00
Total Debt / Equity (X)	0.47	0.29	0.30	0.46	0.47
Asset Turnover Ratio (%)	3.19	2.33	1.90	1.01	1.23
Current Ratio (X)	1.86	2.09	2.10	1.75	1.55
Quick Ratio (X)	1.20	1.09	1.33	1.26	1.10
Inventory Turnover Ratio (X)	9.19	6.48	6.32	3.67	4.96
Dividend Payout Ratio (NP) (%)	0.00	14.82	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	10.82	0.00	0.00	0.00
Earning Retention Ratio (%)	0.00	85.18	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	0.00	89.18	0.00	0.00	0.00
Interest Coverage Ratio (X)	5.20	4.39	4.06	2.35	1.91
Interest Coverage Ratio (Post Tax) (X)	3.75	3.02	2.58	1.32	1.27
Enterprise Value (Cr.)	462.62	92.67	75.67	89.32	83.47
EV / Net Operating Revenue (X)	1.07	0.32	0.31	0.66	0.48
EV / EBITDA (X)	23.50	7.15	7.30	14.08	7.93
MarketCap / Net Operating Revenue (X)	1.03	0.25	0.26	0.48	0.34
Retention Ratios (%)	0.00	85.17	0.00	0.00	0.00
Price / BV (X)	5.29	0.97	0.94	1.00	0.91
Price / Net Operating Revenue (X)	1.03	0.25	0.26	0.48	0.34
EarningsYield	0.02	0.08	0.06	0.01	0.02

Kritika Wires Ltd Profitability Ratios (%)

Kritika Wires Ltd Liquidity Ratios

Kritika Wires Ltd Liquidity Ratios (%)

Kritika Wires Ltd Interest Coverage Ratios (%)

Kritika Wires Ltd Valuation Ratios

Fair Value

Fair Value: 21.09

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: 8.17% compared to the current price 19.5

Intrinsic Value: 29.10

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.

Undervalued: 49.25% compared to the current price 19.5

Last 5 Year EPS CAGR: 37.97%

*Investments are subject to market risks

Strength and Weakness of Kritika Wires Ltd Stock

Strength	Weakness
The company has higher reserves (36.11 cr) compared to borrowings (30.22 cr), indicating strong financial stability. The company has shown consistent growth in sales (207.11 cr) and profit (5.00 cr) over the years.	The stock has a low average ROCE of 7.13%, which may not be favorable. The stock has a high average Working Capital Days of 110.13, which may not be favorable. The stock has a high average Cash Conversion Cycle of 104.63, which may not be favorable.

FAQ

What is the latest fair value of Kritika Wires Ltd?

The latest fair value of Kritika Wires Ltd is ₹21.09.

What is the Market Cap of Kritika Wires Ltd?

The Market Cap of Kritika Wires Ltd is 518 Cr..

What is the current Stock Price of Kritika Wires Ltd as on 27 July 2024?

The current stock price of Kritika Wires Ltd as on 27 July 2024 is 19.5.

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

In FY 2024, the High / Low of Kritika Wires Ltd stocks is 24.5/5.00.

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

The Stock P/E of Kritika Wires Ltd is 49.8.

What is the Book Value of Kritika Wires Ltd?

The Book Value of Kritika Wires Ltd is 3.17.

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 16.0 %.

What is the ROE of Kritika Wires Ltd?

The ROE of Kritika Wires Ltd is 13.1 %.

What is the Face Value of Kritika Wires Ltd?

The Face Value of Kritika Wires Ltd is 2.00.