Kilburn Engineering Ltd

Kilburn Engineering is primarily engaged in designing, manufacturing and commissioning customized equipment / systems for critical applications in several industrial sectors viz.(Source : 201903 Annual Report Page No: 66)

Pros:
Stock is trading at 0.26 times its book value
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 30.10%
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 4.31% over past five years.
Company has a low return on equity of 5.95% for last 3 years.
Earnings include an other income of Rs.20.39 Cr.

Peer Comparison Sector: Capital Goods-Non Electrical Equipment // Industry: Engineering

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Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
32.21 26.02 46.29 25.98 28.43 26.74 23.95 37.64 30.83 29.24 46.14 32.91
25.24 20.83 41.79 24.45 23.68 25.06 27.99 33.50 28.78 28.79 42.99 30.38
Operating Profit 6.97 5.19 4.50 1.53 4.75 1.68 -4.04 4.14 2.05 0.45 3.15 2.53
OPM % 21.64% 19.95% 9.72% 5.89% 16.71% 6.28% -16.87% 11.00% 6.65% 1.54% 6.83% 7.69%
Other Income 0.49 3.17 4.33 6.03 3.97 6.76 5.70 4.51 5.22 5.93 4.34 4.90
Interest 1.21 4.04 5.79 4.74 3.87 4.90 3.71 4.07 4.56 3.96 4.52 4.53
Depreciation 1.10 1.10 1.07 1.07 1.08 1.07 1.10 1.05 1.06 1.06 1.05 1.03
Profit before tax 5.15 3.22 1.97 1.75 3.77 2.47 -3.15 3.53 1.65 1.36 1.92 1.87
Tax % 31.84% 32.61% 19.80% 36.57% 39.79% 27.13% 42.22% 28.33% 28.48% 33.09% 34.38% 13.90%
Net Profit 3.51 2.17 1.58 1.11 2.27 1.80 -1.82 2.53 1.18 0.91 1.26 1.61
EPS in Rs 2.65 1.64 1.19 0.84 1.71 1.36 -1.37 1.91 0.89 0.69 0.96 1.22
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
71.84 85.15 87.13 125.94 96.55 73.62 116.51 119.57 133.05 135.98 105.10 143.86 139.12
68.68 82.04 82.52 108.60 89.78 82.31 106.88 106.91 117.54 113.10 100.87 133.97 130.94
Operating Profit 3.16 3.11 4.61 17.34 6.77 -8.69 9.63 12.66 15.51 22.88 4.23 9.89 8.18
OPM % 4.40% 3.65% 5.29% 13.77% 7.01% -11.80% 8.27% 10.59% 11.66% 16.83% 4.02% 6.87% 5.88%
Other Income 28.73 77.79 4.50 -0.01 3.62 2.12 2.56 3.43 4.65 7.42 22.46 20.01 20.39
Interest 2.59 2.90 2.20 3.03 6.43 6.92 5.60 6.06 6.52 12.44 17.52 17.18 17.57
Depreciation 0.49 1.21 1.26 0.96 2.13 3.32 3.34 4.20 4.34 4.35 4.32 4.22 4.20
Profit before tax 28.81 76.79 5.65 13.34 1.83 -16.81 3.25 5.83 9.30 13.51 4.85 8.50 6.80
Tax % 3.61% 4.90% 23.72% 31.63% 66.12% -0.00% 26.77% 28.99% 14.73% 30.87% 30.72% 30.35%
Net Profit 27.77 73.03 4.31 9.12 0.63 -16.81 2.39 4.14 7.93 9.33 3.36 5.92 4.96
EPS in Rs 20.57 53.96 3.00 6.46 0.47 0.00 1.80 3.12 5.58 7.04 2.53 4.46 3.76
Dividend Payout % 0.00% 3.68% 46.15% 36.35% 0.00% -0.00% 0.00% 0.00% 33.44% 28.42% 39.46% 22.40%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.38%
5 Years:4.31%
3 Years:2.64%
TTM:19.15%
Compounded Profit Growth
10 Years:24.08%
5 Years:19.89%
3 Years:-9.28%
TTM:3.77%
Stock Price CAGR
10 Years:-6.87%
5 Years:-10.89%
3 Years:-28.45%
1 Year:-64.66%
Return on Equity
10 Years:3.45%
5 Years:6.02%
3 Years:5.95%
Last Year:5.77%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
13.50 13.45 13.26 13.26 13.26 13.26 13.26 13.26 13.26 13.26 13.26 13.26
Reserves 17.84 87.69 89.37 94.62 95.25 78.44 80.83 84.86 89.60 92.15 93.03 85.73
Borrowings 10.38 12.37 4.67 29.85 43.02 31.24 17.73 28.49 16.49 132.69 114.44 113.04
46.73 49.49 32.17 49.05 48.14 53.56 77.36 66.31 85.38 75.09 64.58 81.05
Total Liabilities 88.45 163.00 139.47 186.78 199.67 176.50 189.18 192.92 204.73 313.19 285.31 293.08
4.70 5.78 16.31 16.81 71.24 68.32 65.54 63.98 61.91 58.82 56.63 52.60
CWIP 3.38 4.55 2.96 41.22 0.27 0.43 0.51 0.56 0.00 0.00 0.00 0.00
Investments 0.80 0.65 2.33 2.07 21.26 19.10 17.89 17.10 15.10 12.64 16.09 6.38
79.57 152.02 117.87 126.68 106.90 88.65 105.24 111.28 127.72 241.73 212.59 234.10
Total Assets 88.45 163.00 139.47 186.78 199.67 176.50 189.18 192.92 204.73 313.19 285.31 293.08

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-0.14 -16.39 -2.51 -2.18 -0.65 11.42 14.14 -2.34 19.05 0.34 15.03 3.37
32.66 5.01 43.33 -40.03 -22.87 8.88 2.75 -3.43 -0.89 -100.69 23.15 10.84
-5.87 0.46 -12.00 20.09 3.13 -18.69 -18.60 5.34 -18.03 103.33 -36.62 -15.54
Net Cash Flow 26.65 -10.92 28.82 -22.12 -20.39 1.61 -1.71 -0.44 0.13 2.98 1.56 -1.34

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 16.82% 7.43% 7.29% 16.59% 7.18% -7.21% 7.54% 9.97% 12.86% 14.52% 9.75% 11.87%
Debtor Days 86.02 98.89 113.61 111.35 80.49 110.61 59.30 16.15 47.32 81.17 119.88 103.29
Inventory Turnover 4.27 4.76 6.40 9.43 5.90 5.15 10.59 11.70 10.93 12.01 9.59 10.37