Kennametal India Ltd

Kennametal India Ltd

₹ 2,379 -0.94%
28 Mar - close price
About

Kennametal India Ltd was incorporated in 1938, it is a 75% subsidiary of Kennametal Inc. It manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments. The manufacturing unit is in Bengaluru.[1][2]

Key Points

Business segments & Revenue Split FY23

  • Market Cap 5,229 Cr.
  • Current Price 2,379
  • High / Low 3,127 / 2,099
  • Stock P/E 68.5
  • Book Value 332
  • Dividend Yield 0.84 %
  • ROCE 17.4 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 54.2%

Cons

  • Stock is trading at 7.16 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
193 228 212 238 239 246 269 267 275 256 279 258 271
169 193 175 192 193 203 223 220 237 225 243 223 228
Operating Profit 25 35 37 45 46 43 45 47 38 30 36 35 43
OPM % 13% 15% 18% 19% 19% 17% 17% 18% 14% 12% 13% 14% 16%
3 2 1 2 3 2 2 1 1 1 1 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 9 9 9 9 9 9 9 9 10 11 10 11
Profit before tax 18 27 29 38 40 36 38 39 30 22 27 26 33
Tax % 27% 23% 26% 25% 25% 25% 26% 19% 26% 29% 30% 35% 25%
13 21 22 28 30 27 28 31 22 16 19 17 25
EPS in Rs 5.91 9.55 9.87 12.88 13.83 12.24 12.88 14.29 9.96 7.10 8.51 7.78 11.33
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 TTM
562 490 545 570 570 652 793 927 641 811 991 1,077 1,064
451 451 494 510 524 594 692 791 580 691 812 926 919
Operating Profit 111 39 51 60 46 58 101 136 61 120 179 151 145
OPM % 20% 8% 9% 11% 8% 9% 13% 15% 10% 15% 18% 14% 14%
10 8 -5 12 9 0 0 14 15 8 9 5 7
Interest 0 0 0 0 0 0 0 0 1 0 0 0 1
Depreciation 23 27 27 26 24 28 28 28 34 38 36 39 42
Profit before tax 99 20 20 46 31 30 73 122 40 89 153 118 108
Tax % 31% 24% 13% 28% 32% 20% 28% 29% 20% 26% 25% 25%
68 15 17 34 21 24 52 86 32 67 114 88 76
EPS in Rs 31.12 6.76 7.77 15.25 9.44 11.09 23.80 39.27 14.79 30.30 51.92 39.90 34.72
Dividend Payout % 80% 0% 0% 13% 21% 18% 8% 5% 0% 66% 46% 50%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 19%
TTM: 1%
Compounded Profit Growth
10 Years: 19%
5 Years: 8%
3 Years: 34%
TTM: -30%
Stock Price CAGR
10 Years: 16%
5 Years: 17%
3 Years: 32%
1 Year: 11%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 14%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Dec 2023
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 280 294 311 340 355 372 417 497 528 551 624 666 709
0 0 0 0 0 0 0 10 13 0 0 3 3
131 104 96 117 130 144 199 226 124 191 184 160 156
Total Liabilities 432 420 430 478 507 537 638 755 687 765 830 851 890
131 126 114 101 107 146 154 184 247 225 215 275 282
CWIP 11 13 5 6 16 3 21 67 32 52 77 34 19
Investments 1 1 0 0 0 51 0 0 2 2 0 0 0
290 282 310 371 383 338 462 504 406 486 538 542 590
Total Assets 432 420 430 478 507 537 638 755 687 765 830 851 890

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
69 33 11 61 17 77 63 84 28 155 49 116
-48 -24 -8 -17 -42 -45 -55 -139 -32 -24 -48 -45
-64 -0 -0 -5 -5 -5 -5 4 2 -57 -53 -45
Net Cash Flow -43 9 3 38 -30 27 2 -51 -2 73 -51 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2012 Jun 2013 Jun 2014 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023
Debtor Days 67 66 72 71 76 62 66 57 45 51 50 48
Inventory Days 142 134 120 115 137 114 136 150 208 173 195 149
Days Payable 88 83 57 75 86 89 92 93 60 86 75 46
Cash Conversion Cycle 121 117 135 111 127 87 109 114 193 138 170 151
Working Capital Days 65 76 86 79 90 57 57 72 104 62 88 82
ROCE % 33% 6% 9% 11% 8% 9% 20% 25% 8% 16% 25% 17%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.78% 0.70% 0.68% 0.64% 0.69% 0.50% 0.60% 0.62% 0.63% 0.71% 0.87% 0.98%
12.91% 12.89% 12.84% 12.86% 12.94% 12.93% 12.87% 12.73% 12.80% 13.20% 13.04% 13.17%
11.31% 11.41% 11.48% 11.50% 11.37% 11.57% 11.52% 11.66% 11.59% 11.09% 11.09% 10.85%
No. of Shareholders 8,6049,9859,94010,44014,76713,88213,75013,75613,87212,76714,14413,438

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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