K&R Rail Engineering Ltd

K&R Rail Engineering Ltd

₹ 486 -1.01%
14 Jun - close price
About

K&R Rail Engineering Ltd is engaged in carrying on the business of laying private Railway sidings on a turnkey basis. [1]

Key Points

Services
The Co is involved in construction activities related to railways i.e. of railway sidings and rail infrastructure including independent techno-economic and engineering surveys, planning, and project management for private players. It is fully authorized by the Railway Headquarters and Divisional Railway Authorities. [1]

Revenue Split
Sale of Products: 65% in FY21 vs 68% in FY20.
Gross Contract Receipts: 35% in FY21 vs 32% in FY20. [2]

  • Market Cap 1,029 Cr.
  • Current Price 486
  • High / Low 863 / 414
  • Stock P/E 78.8
  • Book Value 51.1
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 204% CAGR over last 5 years

Cons

  • Stock is trading at 9.51 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 13.8% over last 3 years.
  • Promoter holding has decreased over last 3 years: -19.1%

* 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: Construction Industry: Construction

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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
34.17 33.52 13.40 8.98 79.03 93.24 62.37 32.04 58.87 154.50 161.98 153.62 143.67
33.18 30.71 12.07 6.99 78.16 86.54 60.18 30.23 55.34 150.25 156.36 145.06 142.25
Operating Profit 0.99 2.81 1.33 1.99 0.87 6.70 2.19 1.81 3.53 4.25 5.62 8.56 1.42
OPM % 2.90% 8.38% 9.93% 22.16% 1.10% 7.19% 3.51% 5.65% 6.00% 2.75% 3.47% 5.57% 0.99%
0.76 0.00 0.00 0.00 0.03 0.62 0.07 0.11 0.07 0.17 0.29 1.58 1.05
Interest 0.26 0.45 0.26 0.23 0.23 0.41 0.30 0.42 0.47 0.48 0.40 0.32 0.19
Depreciation 0.44 0.47 0.47 0.47 0.44 0.44 0.68 0.77 0.83 0.83 0.83 0.83 0.82
Profit before tax 1.05 1.89 0.60 1.29 0.23 6.47 1.28 0.73 2.30 3.11 4.68 8.99 1.46
Tax % 27.62% 33.86% 26.67% 27.91% 39.13% 29.52% 28.12% 28.77% 28.26% 30.55% 27.99% 28.03% 28.08%
0.76 1.25 0.44 0.93 0.14 4.55 0.92 0.53 1.66 2.16 3.37 6.48 1.05
EPS in Rs 0.48 0.79 0.28 0.59 0.09 2.88 0.58 0.34 1.05 1.37 1.75 3.06 0.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
0 0 0 105 102 108 81 61 129 130 195 308 614
0 0 0 101 98 106 80 58 120 121 184 296 594
Operating Profit -0 -0 -0 4 3 2 1 2 9 9 11 12 20
OPM % 4% 3% 2% 1% 4% 7% 7% 6% 4% 3%
0 0 0 1 1 2 1 2 0 0 1 0 3
Interest 0 0 0 0 1 0 1 0 2 2 1 2 1
Depreciation 0 0 0 1 2 2 1 1 1 2 2 3 3
Profit before tax -0 -0 -0 4 2 2 0 3 6 6 9 7 18
Tax % 0% 0% 0% 36% 16% 28% 90% 19% 67% 29% 30% 29%
-0 -0 -0 2 2 1 0 2 2 4 6 5 13
EPS in Rs -0.32 -0.34 -0.14 5.51 7.21 0.74 0.03 1.32 1.25 2.69 3.84 3.31 6.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 31%
3 Years: 34%
TTM: 149%
Compounded Profit Growth
10 Years: 43%
5 Years: 204%
3 Years: 38%
TTM: 71%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 184%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4 4 4 1 3 16 16 16 16 16 16 16 21
Reserves -6 -6 -5 32 8 10 10 12 14 18 25 30 87
Preference Capital 0 0 0 0 24 14 14 14 14 14 14 14
0 1 0 0 0 1 0 0 6 6 13 14 0
1 2 1 15 49 44 85 36 58 55 48 110 118
Total Liabilities 0 1 1 48 60 70 111 64 94 95 102 170 226
0 0 0 6 5 4 3 2 13 13 17 18 17
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 8 0 0 0 0 0 0
0 1 1 42 55 66 101 62 80 82 85 152 209
Total Assets 0 1 1 48 60 70 111 64 94 95 102 170 226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 -0 -0 1 8 8 -15 16 11 14 -9 -3
0 0 0 -8 1 2 2 -0 -13 -1 -6 -5
0 0 0 15 1 2 -8 1 5 4 7 40
Net Cash Flow 0 0 0 8 10 12 -22 17 3 18 -8 31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 51 63 70 322 119 73 102 74 90
Inventory Days 3 18 14 54 10 16 35 23 7
Days Payable 7 9 40 214 39 77 68 17 34
Cash Conversion Cycle 48 72 44 161 90 12 70 80 63
Working Capital Days 63 44 19 95 89 22 65 77 61
ROCE % 24% 8% 5% 3% 7% 18% 15% 16% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 61.42% 55.81% 55.81% 55.81%
25.12% 25.12% 25.12% 25.12% 25.12% 25.12% 25.11% 25.12% 38.58% 44.18% 44.19% 44.19%
No. of Shareholders 15,99016,14816,13216,42216,49817,43217,73519,53618,93818,93821,06921,069

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