Krishanveer Forge Ltd

Krishanveer Forg Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Krishanveer Forge Ltd

₹ 105 -4.98%
18 May - close price
rkforging.com BSE: 513369
About

Incorporated in 1990, Krishanveer Forge Ltd is in the business of manufacturing and selling open die forgings

Key Points

Business Overview:[1]
Company is a holding company of Western India Forgings. It does production of Open Die Forgings and also forge various material grades, namely, plain carbon steels, alloy steels, Stainless Steels, Duplex Steel, 17-4PH, HNS etc. with different sizes and complex shape components. Company has specialization in forgings of critical shaped components like Khuff block, ‘Y’ blocks, Studded Tees, GV Bodies, etc.

Website BSE
  • Market Cap ₹ 115 Cr.
  • Current Price ₹ 105
  • High / Low ₹ 122 / 37.8
  • Stock P/E 28.8
  • Book Value ₹ 35.7
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 10.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.94 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.09% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9.70 13.28 12.54 18.58 23.72 19.54 23.90 19.06 19.02 19.26 18.48 23.01 23.50
8.42 11.57 11.21 16.63 21.21 19.38 22.67 18.64 16.45 17.30 17.62 20.85 20.99
Operating Profit 1.28 1.71 1.33 1.95 2.51 0.16 1.23 0.42 2.57 1.96 0.86 2.16 2.51
OPM % 13.20% 12.88% 10.61% 10.50% 10.58% 0.82% 5.15% 2.20% 13.51% 10.18% 4.65% 9.39% 10.68%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.05 0.09 0.16 0.16 0.21 0.18 0.16 0.17 0.20 0.10 0.03 0.07 0.27
Depreciation 0.39 0.37 0.37 0.38 0.41 0.41 0.41 0.41 0.39 0.38 0.39 0.39 0.39
Profit before tax 0.84 1.25 0.80 1.41 1.89 -0.43 0.66 -0.16 1.98 1.48 0.44 1.70 1.85
Tax % 17.86% 26.40% 56.25% 24.11% 25.93% -2.33% 1.52% -6.25% 18.69% 22.30% 27.27% 13.53% 43.78%
0.69 0.92 0.35 1.07 1.42 -0.44 0.65 -0.17 1.61 1.15 0.33 1.47 1.04
EPS in Rs 0.63 0.84 0.32 0.98 1.30 -0.40 0.59 -0.16 1.47 1.05 0.30 1.34 0.95
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
39.90 33.14 26.66 12.48 6.20 29.17 55.11 50.88 40.44 66.95 80.60 84.26
35.24 30.89 25.16 12.71 8.59 26.45 47.77 43.44 34.05 60.35 76.61 76.76
Operating Profit 4.66 2.25 1.50 -0.23 -2.39 2.72 7.34 7.44 6.39 6.60 3.99 7.50
OPM % 11.68% 6.79% 5.63% -1.84% -38.55% 9.32% 13.32% 14.62% 15.80% 9.86% 4.95% 8.90%
2.54 0.12 2.28 0.89 0.36 0.15 -1.14 0.12 0.18 0.91 0.61 0.00
Interest 1.01 1.01 0.18 0.99 0.82 0.94 1.08 0.62 0.62 0.62 0.94 0.48
Depreciation 0.73 0.80 1.04 1.21 1.33 1.16 1.22 1.35 1.56 1.53 1.62 1.55
Profit before tax 5.46 0.56 2.56 -1.54 -4.18 0.77 3.90 5.59 4.39 5.36 2.04 5.47
Tax % -0.55% 55.36% 58.59% 27.27% 11.48% 42.86% 46.67% 18.25% 18.45% 29.85% 19.12% 27.06%
5.49 0.25 1.06 -1.12 -3.70 0.43 2.08 4.57 3.58 3.76 1.64 3.99
EPS in Rs 5.02 0.23 0.97 -1.02 -3.38 0.39 1.90 4.18 3.27 3.44 1.50 3.65
Dividend Payout % 29.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 28%
TTM: 5%
Compounded Profit Growth
10 Years: 32%
5 Years: 8%
3 Years: 4%
TTM: 143%
Stock Price CAGR
10 Years: 21%
5 Years: 27%
3 Years: 24%
1 Year: 169%
Return on Equity
10 Years: 6%
5 Years: 11%
3 Years: 9%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94
Reserves 12.55 12.65 13.61 12.49 8.79 9.15 11.20 15.70 18.91 22.64 24.28 28.14
14.17 15.54 10.08 6.60 4.00 5.00 4.58 4.53 -0.26 5.33 -1.55 0.00
7.51 5.57 5.35 3.57 3.73 7.72 12.90 12.10 12.16 12.89 11.25 12.59
Total Liabilities 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 41.75 51.80 44.92 51.67
7.72 11.67 14.60 14.35 13.02 12.02 12.83 17.65 16.12 17.71 16.58 15.81
CWIP 0.37 4.59 4.91 5.37 5.36 5.55 5.70 2.55 2.67 0.00 0.39 0.13
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
37.08 28.44 20.47 13.88 9.08 15.24 21.09 23.07 22.96 34.09 27.95 35.73
Total Assets 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 41.75 51.80 44.92 51.67

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.54 11.21 9.72 -0.51 4.22 0.11 4.19 3.91 5.58 -4.70 7.40 0.52
3.00 -9.50 -3.45 -1.20 0.05 -0.34 -3.41 -2.97 -0.03 -0.32 -0.79 -0.43
-2.61 -0.02 -6.14 -0.80 0.16 -1.36 -1.00 0.78 -1.78 -0.41 -0.53 -0.11
Net Cash Flow -0.15 1.69 0.13 -2.51 4.43 -1.59 -0.22 1.72 3.76 -5.43 6.07 -0.03

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78.03 44.06 64.21 86.86 159.54 99.98 85.77 107.25 111.56 97.86 76.03 85.68
Inventory Days 248.94 303.50 159.10 531.23 809.16 131.58 69.24 75.95 149.73 126.36 70.26 107.51
Days Payable 59.14 97.73 107.63 95.32 448.55 139.76 110.85 114.59 156.19 81.40 50.78 65.75
Cash Conversion Cycle 267.83 249.83 115.68 522.77 520.14 91.80 44.16 68.60 105.10 142.82 95.51 127.45
Working Capital Days 243.61 187.68 159.50 269.95 237.25 78.96 56.23 79.84 100.46 117.11 80.74 103.27
ROCE % 13.71% 4.09% 5.31% -1.70% -12.50% 7.01% 24.09% 21.45% 16.49% 17.46% 8.21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.45% 72.45% 72.45% 72.45% 72.47% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46%
27.55% 27.55% 27.55% 27.55% 27.53% 27.53% 27.54% 27.53% 27.53% 27.53% 27.53% 27.53%
No. of Shareholders 6,6256,7396,7686,7636,7546,7656,6616,6256,5956,6366,7797,064

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