Kilburn Engineering Ltd

Kilburn Engineering Ltd

₹ 335 4.28%
28 Mar - close price
About

Kilburn Engineering Ltd. is engaged in designing, manufacturing and commissioning customized equipment / systems for critical applications in several industrial sectors like Chemical, Steel, Nuclear Power, Petrochemical and Food Processing etc.[1]

Key Points

Product Portfolio
Co manufactures special purpose process equipment and systems which include Dryers & Coolers, Adsorption System, Oil & Gas industry packages, Fabricated Equipment, Heat Transfer Systems among others.
Their applications range from drying and processing of materials, such as PVC, Carbon Black, Soda Ash, Sodium Cyanide, Rubber, Heavy Chemicals, Sewage, to Sugar, among others.[1] KEL continued to be the market leader in the manufacture of tea dryers in the industry.[2]

  • Market Cap 1,259 Cr.
  • Current Price 335
  • High / Low 337 / 88.0
  • Stock P/E 31.6
  • Book Value 36.2
  • Dividend Yield 0.30 %
  • ROCE 29.4 %
  • ROE 33.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 55.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.7%
  • Debtor days have improved from 132 to 72.9 days.
  • Company's working capital requirements have reduced from 153 days to 116 days

Cons

  • Stock is trading at 9.26 times its book value
  • Promoter holding has decreased over last 3 years: -5.82%

* 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

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
28 36 19 23 23 58 49 52 54 67 67 68 73
25 30 17 22 22 49 44 43 45 55 55 52 56
Operating Profit 3 5 2 1 2 8 5 9 9 12 12 17 17
OPM % 10% 14% 10% 5% 7% 15% 10% 18% 17% 17% 18% 25% 24%
3 -126 0 0 0 1 2 4 4 5 1 1 1
Interest 3 1 2 2 2 2 2 2 2 2 2 3 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 1 -123 -1 -2 -1 6 4 10 11 13 9 14 15
Tax % -3% 28% -5% -2% -4% 22% 34% 29% 29% 8% 25% 29% 30%
1 -89 -1 -2 -1 5 3 7 8 12 7 10 10
EPS in Rs 1.00 -31.47 -0.24 -0.63 -0.28 1.39 0.84 2.16 2.09 3.45 1.89 2.67 2.74
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
97 74 117 120 133 136 105 144 131 88 123 222 275
91 82 107 107 118 113 101 134 122 81 109 187 217
Operating Profit 5 -9 10 13 16 23 4 10 9 7 13 35 57
OPM % 6% -12% 8% 11% 12% 17% 4% 7% 7% 8% 11% 16% 21%
5 2 3 3 5 7 22 20 19 -117 2 15 7
Interest 6 7 6 6 7 12 18 17 17 11 9 8 9
Depreciation 2 3 3 4 4 4 4 4 4 4 3 3 3
Profit before tax 2 -17 3 6 9 14 5 8 7 -126 3 39 52
Tax % 66% 0% 27% 29% 15% 31% 31% 30% 25% 27% 49% 22%
1 -17 2 4 8 9 3 6 5 -92 2 30 40
EPS in Rs 0.48 -12.68 1.80 3.12 5.98 7.04 2.53 4.47 3.90 -32.51 0.45 8.41 10.75
Dividend Payout % 0% 0% 0% 0% 33% 28% 39% 22% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 19%
TTM: 29%
Compounded Profit Growth
10 Years: 14%
5 Years: 55%
3 Years: 82%
TTM: 76%
Stock Price CAGR
10 Years: 32%
5 Years: 50%
3 Years: 144%
1 Year: 265%
Return on Equity
10 Years: 11%
5 Years: 18%
3 Years: 30%
Last Year: 34%

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 13 13 13 13 13 13 13 13 13 28 34 36 38
Reserves 95 78 81 85 90 92 93 86 90 20 39 70 98
Preference Capital 0 0 0 0 0 0 0 0 0 3 3 0
43 31 18 28 16 133 114 113 122 83 73 64 64
48 50 74 66 85 68 60 77 51 71 87 93 106
Total Liabilities 200 173 186 193 205 307 281 289 276 201 233 262 306
71 68 66 64 62 59 57 53 49 45 42 43 49
CWIP 0 0 1 1 0 0 0 0 0 0 0 1 0
Investments 21 19 18 17 15 13 16 6 2 8 10 8 11
107 86 102 111 128 235 208 230 226 148 182 210 246
Total Assets 200 173 186 193 205 307 281 289 276 201 233 262 306

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
-1 11 14 -2 19 0 15 3 10 5 -1 20
-23 9 3 -3 -1 -101 23 11 4 8 -5 -8
3 -19 -19 5 -18 103 -37 -16 -13 -8 4 -16
Net Cash Flow -20 2 -2 -0 0 3 2 -1 1 4 -3 -4

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 80 111 59 16 47 81 120 103 90 173 150 73
Inventory Days 97 93 52 59 68 58 92 75 53 72 60 85
Days Payable 140 179 129 155 145 144 148 154 121 192 147 76
Cash Conversion Cycle 37 24 -18 -79 -30 -5 64 24 21 53 63 82
Working Capital Days 172 108 54 104 80 239 369 352 456 174 170 116
ROCE % 7% -7% 8% 10% 13% 15% 10% 12% 11% 7% 9% 29%

Shareholding Pattern

Numbers in percentages

16 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
57.45% 57.45% 57.45% 57.45% 51.98% 51.66% 54.57% 56.48% 56.95% 53.90% 53.90% 54.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
23.93% 23.93% 23.93% 23.93% 19.68% 19.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
18.61% 18.61% 18.61% 18.61% 28.35% 29.06% 45.43% 43.52% 43.05% 46.09% 46.09% 45.39%
No. of Shareholders 7,4397,4027,6077,5267,3157,2848,5578,0167,99110,10511,19513,346

* 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.

Documents

Concalls