Krishanveer Forge Ltd

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

Krishanveer Forge Ltd

₹ 99.0 0.29%
18 Apr - 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 ₹ 108 Cr.
  • Current Price ₹ 99.0
  • High / Low ₹ 106 / 36.6
  • Stock P/E 23.8
  • Book Value ₹ 33.5
  • Dividend Yield 0.00 %
  • ROCE 8.21 %
  • ROE 4.77 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 95.2 to 76.0 days.

Cons

  • Stock is trading at 2.95 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 9.52% 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

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

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
10.34 9.70 13.28 12.54 18.58 23.72 19.54 23.90 19.06 19.02 19.26 18.48 23.01
8.84 8.42 11.57 11.21 16.63 21.21 19.38 22.67 18.64 16.45 17.30 17.62 20.85
Operating Profit 1.50 1.28 1.71 1.33 1.95 2.51 0.16 1.23 0.42 2.57 1.96 0.86 2.16
OPM % 14.51% 13.20% 12.88% 10.61% 10.50% 10.58% 0.82% 5.15% 2.20% 13.51% 10.18% 4.65% 9.39%
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 0.16 0.05 0.09 0.16 0.16 0.21 0.18 0.16 0.17 0.20 0.10 0.03 0.07
Depreciation 0.39 0.39 0.37 0.37 0.38 0.41 0.41 0.41 0.41 0.39 0.38 0.39 0.39
Profit before tax 0.95 0.84 1.25 0.80 1.41 1.89 -0.43 0.66 -0.16 1.98 1.48 0.44 1.70
Tax % 15.79% 17.86% 26.40% 56.25% 24.11% 25.93% -2.33% 1.52% -6.25% 18.69% 22.30% 27.27% 13.53%
0.80 0.69 0.92 0.35 1.07 1.42 -0.44 0.65 -0.17 1.61 1.15 0.33 1.47
EPS in Rs 0.73 0.63 0.84 0.32 0.98 1.30 -0.40 0.59 -0.16 1.47 1.05 0.30 1.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
56.72 39.90 33.14 26.66 12.48 6.20 29.17 55.11 50.88 40.44 66.95 80.60 79.77
48.31 35.24 30.89 25.16 12.71 8.59 26.45 47.77 43.44 34.05 60.35 76.61 72.22
Operating Profit 8.41 4.66 2.25 1.50 -0.23 -2.39 2.72 7.34 7.44 6.39 6.60 3.99 7.55
OPM % 14.83% 11.68% 6.79% 5.63% -1.84% -38.55% 9.32% 13.32% 14.62% 15.80% 9.86% 4.95% 9.46%
-0.44 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 2.38 1.01 1.01 0.18 0.99 0.82 0.94 1.08 0.62 0.62 0.62 0.94 0.40
Depreciation 0.70 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 4.89 5.46 0.56 2.56 -1.54 -4.18 0.77 3.90 5.59 4.39 5.36 2.04 5.60
Tax % 33.74% -0.55% 55.36% 58.59% 27.27% 11.48% 42.86% 46.67% 18.25% 18.45% 29.85% 19.12%
3.24 5.49 0.25 1.06 -1.12 -3.70 0.43 2.08 4.57 3.58 3.76 1.64 4.56
EPS in Rs 2.96 5.02 0.23 0.97 -1.02 -3.38 0.39 1.90 4.18 3.27 3.44 1.50 4.16
Dividend Payout % 50.65% 29.89% 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: 7%
5 Years: 23%
3 Years: 17%
TTM: -7%
Compounded Profit Growth
10 Years: -9%
5 Years: 31%
3 Years: -29%
TTM: 212%
Stock Price CAGR
10 Years: 20%
5 Years: 22%
3 Years: 29%
1 Year: 151%
Return on Equity
10 Years: 5%
5 Years: 12%
3 Years: 10%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 10.94
Reserves 8.96 12.55 12.65 13.61 12.49 8.79 9.15 11.20 15.70 18.91 22.64 24.28 25.75
13.80 14.17 15.54 10.08 6.60 4.00 5.00 4.58 4.53 -0.26 5.33 -1.55 0.00
11.79 7.51 5.57 5.35 3.57 3.73 7.72 12.90 12.10 12.16 12.89 11.25 11.22
Total Liabilities 45.49 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 41.75 51.80 44.92 47.91
8.23 7.72 11.67 14.60 14.35 13.02 12.02 12.83 17.65 16.12 17.71 16.58 15.93
CWIP 0.03 0.37 4.59 4.91 5.37 5.36 5.55 5.70 2.55 2.67 0.00 0.39 0.54
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 0.00
37.23 37.08 28.44 20.47 13.88 9.08 15.24 21.09 23.07 22.96 34.09 27.95 31.44
Total Assets 45.49 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 41.75 51.80 44.92 47.91

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10.21 -0.54 11.21 9.72 -0.51 4.22 0.11 4.19 3.91 5.58 -4.70 7.40
-1.19 3.00 -9.50 -3.45 -1.20 0.05 -0.34 -3.41 -2.97 -0.03 -0.32 -0.79
-8.25 -2.61 -0.02 -6.14 -0.80 0.16 -1.36 -1.00 0.78 -1.78 -0.41 -0.53
Net Cash Flow 0.77 -0.15 1.69 0.13 -2.51 4.43 -1.59 -0.22 1.72 3.76 -5.43 6.07

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 93.57 78.03 44.06 64.21 86.86 159.54 99.98 85.77 107.25 111.56 97.86 76.03
Inventory Days 102.78 248.94 303.50 159.10 531.23 809.16 131.58 69.24 75.95 149.73 126.36 70.26
Days Payable 43.57 59.14 97.73 107.63 95.32 448.55 139.76 110.85 114.59 156.19 81.40 50.78
Cash Conversion Cycle 152.77 267.83 249.83 115.68 522.77 520.14 91.80 44.16 68.60 105.10 142.82 95.51
Working Capital Days 167.18 243.61 187.68 159.50 269.95 237.25 78.96 56.23 79.84 100.46 117.11 80.74
ROCE % 20.64% 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

Documents

Announcements

Annual reports

Credit ratings