Keerthi Industries Ltd
Incorporated in 1982, Keerthi Industries Ltd manufactures cement, printed circuit boards and does generation of wind power[1]
- Market Cap ₹ 64.2 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 145 / 65.3
- Stock P/E
- Book Value ₹ 66.9
- Dividend Yield 0.00 %
- ROCE -11.2 %
- ROE -22.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.20 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.84% over past five years.
- Company has a low return on equity of -3.37% over last 3 years.
- Contingent liabilities of Rs.23.9 Cr.
- Promoters have pledged 40.0% of their holding.
* 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: Cement Industry: Cement - South India
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
108 | 125 | 153 | 183 | 198 | 193 | 184 | 172 | 232 | 250 | 241 | 212 | 147 | |
104 | 122 | 127 | 141 | 166 | 166 | 177 | 164 | 184 | 219 | 241 | 216 | 168 | |
Operating Profit | 3 | 3 | 26 | 41 | 32 | 26 | 8 | 8 | 49 | 31 | -0 | -4 | -21 |
OPM % | 3% | 2% | 17% | 23% | 16% | 14% | 4% | 5% | 21% | 12% | -0% | -2% | -14% |
-5 | -1 | 3 | 3 | 2 | 2 | 4 | 10 | -3 | 4 | 2 | 1 | 1 | |
Interest | 9 | 9 | 9 | 6 | 7 | 7 | 7 | 6 | 5 | 3 | 3 | 6 | 6 |
Depreciation | 14 | 14 | 8 | 8 | 9 | 11 | 11 | 11 | 10 | 9 | 9 | 12 | 12 |
Profit before tax | -24 | -21 | 10 | 30 | 18 | 11 | -5 | 1 | 30 | 22 | -11 | -21 | -38 |
Tax % | 2% | -13% | -81% | 33% | 37% | 27% | -101% | 135% | 35% | 30% | -35% | -24% | |
-25 | -18 | 19 | 20 | 11 | 8 | 0 | -0 | 19 | 16 | -7 | -16 | -23 | |
EPS in Rs | -30.62 | -22.50 | 23.54 | 24.84 | 14.21 | 9.92 | 0.09 | -0.40 | 24.02 | 19.51 | -9.03 | -19.57 | -29.04 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 9% | 1,031% | -226% | 6% | 8% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | -3% |
TTM: | -36% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | % |
3 Years: | % |
TTM: | -82% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 23% |
3 Years: | -19% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 2% |
3 Years: | -3% |
Last Year: | -23% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 23 | 5 | 23 | 43 | 41 | 49 | 48 | 47 | 66 | 80 | 71 | 56 | 46 |
86 | 89 | 82 | 86 | 66 | 63 | 61 | 56 | 30 | 30 | 65 | 61 | 59 | |
55 | 51 | 37 | 38 | 60 | 51 | 39 | 32 | 47 | 44 | 43 | 50 | 60 | |
Total Liabilities | 171 | 153 | 150 | 175 | 176 | 171 | 157 | 143 | 150 | 163 | 188 | 174 | 173 |
130 | 116 | 107 | 102 | 121 | 114 | 107 | 100 | 92 | 86 | 80 | 114 | 110 | |
CWIP | 2 | 0 | 0 | 21 | 0 | 0 | 0 | 0 | 0 | 9 | 41 | 2 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 |
40 | 37 | 43 | 53 | 55 | 55 | 48 | 41 | 56 | 64 | 63 | 55 | 58 | |
Total Assets | 171 | 153 | 150 | 175 | 176 | 171 | 157 | 143 | 150 | 163 | 188 | 174 | 173 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | -11 | 18 | 25 | 34 | 26 | 8 | 12 | 38 | 9 | 6 | 16 | |
-2 | 3 | 0 | -23 | -9 | -3 | -4 | -4 | -1 | -14 | -35 | -6 | |
-10 | 9 | -17 | -2 | -18 | -24 | -9 | -5 | -29 | -4 | 30 | -10 | |
Net Cash Flow | -1 | 0 | 1 | -0 | 7 | -2 | -6 | 3 | 7 | -9 | 1 | -1 |
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 | 20 | 10 | 4 | 5 | 5 | 6 | 7 | 7 | 8 | 9 | 10 | 10 |
Inventory Days | 347 | 211 | 433 | 465 | 351 | 398 | 222 | 237 | 329 | 287 | 461 | 285 |
Days Payable | 350 | 246 | 420 | 338 | 293 | 331 | 205 | 184 | 156 | 117 | 232 | 290 |
Cash Conversion Cycle | 17 | -25 | 17 | 131 | 63 | 73 | 23 | 61 | 181 | 180 | 239 | 5 |
Working Capital Days | -98 | -62 | -32 | 10 | -54 | -21 | -13 | -19 | -5 | 21 | 15 | -15 |
ROCE % | -7% | -8% | 17% | 27% | 20% | 16% | 1% | -0% | 38% | 23% | -6% | -11% |
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
13 May - Chetan Anand Buradagunta received 370,000 shares (4.61%) of Keerthi Industries as gift on May 8, 2025.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
13 May - Promoter gifted 4.61% shares, reducing stake from 46.17% to 41.55% on May 8, 2025.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 May
-
Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results For The Quarter And Year Ended March 31, 2025
3 May - Board meeting on May 29 to approve audited results for FY25; trading window closed from April 1.
-
Non- Applicability As A Large Corporate Entity For The Financial Year Ended March 31, 2025
29 Apr - Keerthi Industries confirms non-applicability of Large Corporate criteria for FY 2024-25 as per SEBI circular.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Divisions:[1]
a) Cement Division:[2]
Company manufactures 43 & 53 grade OPC and PPC Cement under the brand of Suvarna and sells in south India
b) Power Division:[3]
Company had invested in wind power of the capacity of 1,500 KVA project in Hassan district in Karnataka. This was operated and maintained by Suzlon energy. Due to operational difficulties the Power Division was sold in February, 2023
c) Electronics division:[4]
One of group companies viz. Hyderabad Flextech Ltd is a 100% Export Oriented Unit which manufactures Flexible PCB & Regid PCB. It was merged with Keerthi Industries
d) Sugar division:[5]
An integrated sugar project of 3,500 TCD sugar plant, with 26 MW cozen power plant, 50KLPD Distillery, is being set-up in Yadagir Dt. Karnataka, for which Promoters have purchased 150 acres of land for the purpose
e) Oilfield and Natural Gas:[6]
There is no progress in the division