Krypton Industries Ltd

₹ 22.6 -1.53%
18 Aug - close price
About

Krypton Industries Ltd is engaged in manufacture and sale of tubeless tyres, P.U. Shoe Soles, P.U. Sandals/ Chappals and trading in Tubeless tyres, wheel chairs and accessories like walker, cycle accessories, plastic rims, crutches, Rollators, etc.[1]

Key Points

Tyre, Rims & Wheel Division (~55% of revenues)[1]
The company is a leading manufacturer of MCP (Multi-cellular polyurethane) Tubeless Tyres for bicycles, wheel chair and trolleys both in domestic and international markets.[2] The co. faces major competition from rubber tires which are cheaper than its products in the same industry. Also, rubber prices are much stable than polyurethane prices.[3]

  • Market Cap 33.2 Cr.
  • Current Price 22.6
  • High / Low 30.4 / 11.6
  • Stock P/E 7.29
  • Book Value 19.6
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.15 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.30% over past five years.
  • Promoter holding is low: 26.8%
  • Company has a low return on equity of 4.98% for last 3 years.
  • Earnings include an other income of Rs.4.23 Cr.

* 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: Tyres Industry: Tyres

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
8.21 7.09 7.05 6.16 4.17 7.37 9.43 9.47 6.70 9.39 11.10 13.39 6.72
7.51 6.44 6.20 5.32 3.86 6.54 8.97 9.91 5.86 8.29 9.83 11.94 6.09
Operating Profit 0.70 0.65 0.85 0.84 0.31 0.83 0.46 -0.44 0.84 1.10 1.27 1.45 0.63
OPM % 8.53% 9.17% 12.06% 13.64% 7.43% 11.26% 4.88% -4.65% 12.54% 11.71% 11.44% 10.83% 9.38%
0.15 0.12 0.01 0.35 0.00 0.30 0.51 1.60 -3.84 0.01 0.00 4.22 0.00
Interest 0.36 0.39 0.44 0.48 0.33 0.47 0.40 0.59 0.35 0.31 0.43 0.52 0.24
Depreciation 0.34 0.34 0.30 0.76 0.39 0.39 0.36 0.47 0.30 0.38 0.34 1.02 0.27
Profit before tax 0.15 0.04 0.12 -0.05 -0.41 0.27 0.21 0.10 -3.65 0.42 0.50 4.13 0.12
Tax % -26.67% -100.00% -25.00% 580.00% 9.76% -14.81% -19.05% 50.00% -1.10% 9.52% 8.00% 9.44% -33.33%
Net Profit 0.20 0.09 0.15 0.25 -0.37 0.32 0.25 0.05 -3.69 0.38 0.46 3.74 0.16
EPS in Rs 0.14 0.06 0.10 0.17 -0.25 0.22 0.17 0.03 -2.51 0.26 0.31 2.54 0.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
24.51 31.96 42.10 42.28 36.16 38.05 32.87 29.22 36.13 28.46 30.01 40.58 40.60
21.15 28.94 38.75 38.06 32.31 33.81 33.58 26.63 32.30 25.28 28.73 35.90 36.15
Operating Profit 3.36 3.02 3.35 4.22 3.85 4.24 -0.71 2.59 3.83 3.18 1.28 4.68 4.45
OPM % 13.71% 9.45% 7.96% 9.98% 10.65% 11.14% -2.16% 8.86% 10.60% 11.17% 4.27% 11.53% 10.96%
0.16 -2.43 0.59 0.25 0.27 0.23 0.63 1.04 0.39 0.63 2.41 0.39 4.23
Interest 1.56 1.28 1.86 1.73 2.07 2.20 2.26 2.08 1.72 1.80 1.91 1.62 1.50
Depreciation 0.69 0.71 1.28 1.38 1.64 1.79 1.71 1.67 1.59 1.72 1.60 2.04 2.01
Profit before tax 1.27 -1.40 0.80 1.36 0.41 0.48 -4.05 -0.12 0.91 0.29 0.18 1.41 5.17
Tax % 44.88% -22.86% 50.00% 33.09% 43.90% 20.83% 1.48% 66.67% -2.20% -137.93% -38.89% 36.17%
Net Profit 0.70 -1.72 0.40 0.90 0.23 0.39 -3.98 -0.04 0.93 0.69 0.26 0.90 4.74
EPS in Rs 0.60 -1.48 0.27 0.61 0.16 0.27 -2.71 -0.03 0.63 0.47 0.18 0.61 3.22
Dividend Payout % 0.00% 0.00% 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: 2%
5 Years: 4%
3 Years: 4%
TTM: 23%
Compounded Profit Growth
10 Years: 22%
5 Years: 23%
3 Years: 51%
TTM: 523%
Stock Price CAGR
10 Years: 4%
5 Years: 15%
3 Years: 15%
1 Year: 68%
Return on Equity
10 Years: 1%
5 Years: 4%
3 Years: 5%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.30 11.61 14.70 14.70 14.70 14.70 14.70 14.70 14.70 14.70 14.70 14.70
Reserves 7.33 9.27 13.97 14.87 14.99 15.37 11.10 11.08 12.34 12.97 13.20 14.10
12.87 11.12 12.99 14.30 18.66 17.60 17.74 15.28 14.57 16.18 16.09 11.53
6.80 6.77 8.43 8.93 6.56 7.52 9.08 6.97 6.09 6.56 8.93 9.21
Total Liabilities 31.30 38.77 50.09 52.80 54.91 55.19 52.62 48.03 47.70 50.41 52.92 49.54
7.32 9.47 16.53 22.42 21.65 20.37 18.90 17.45 16.57 16.36 15.76 15.74
CWIP 0.00 2.36 4.20 0.00 0.00 0.10 0.10 0.20 0.21 0.26 0.70 0.00
Investments 3.94 1.03 0.09 0.09 0.04 0.04 0.06 0.06 0.07 0.38 0.39 0.40
20.04 25.91 29.27 30.29 33.22 34.68 33.56 30.32 30.85 33.41 36.07 33.40
Total Assets 31.30 38.77 50.09 52.80 54.91 55.19 52.62 48.03 47.70 50.41 52.92 49.54

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.20 -0.31 1.04 2.03 -1.23 3.05 1.35 4.65 3.29 2.28 2.80 6.70
-0.59 -2.84 -0.45 -2.96 -1.27 -0.07 -0.18 -0.24 -0.65 -1.39 -1.31 -0.75
0.41 7.79 -2.75 -0.36 2.35 -3.14 -1.84 -3.92 -2.19 -1.48 -1.46 -6.18
Net Cash Flow 0.02 4.64 -2.16 -1.29 -0.15 -0.17 -0.68 0.48 0.45 -0.59 0.03 -0.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 93.67 77.09 78.03 85.21 97.00 99.00 99.72 85.32 59.81 91.70 77.84 68.63
Inventory Days 226.83 153.60 189.29 226.73 320.50 373.57 404.42 464.55 371.64 576.88 411.66 271.82
Days Payable 124.93 76.54 77.14 110.07 86.06 109.27 105.62 81.76 50.55 76.56 118.97 91.64
Cash Conversion Cycle 195.57 154.15 190.19 201.87 331.45 363.29 398.51 468.10 380.89 592.03 370.53 248.81
Working Capital Days 151.90 126.31 123.72 138.13 240.84 229.55 238.52 264.19 218.72 296.90 270.37 196.44
ROCE % 12.07% 4.50% 7.22% 7.23% 5.34% 5.58% -3.95% 4.63% 6.36% 4.89% 4.76% 15.80%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
26.91 26.91 26.91 26.91 26.91 26.91 26.91 26.91 26.88 26.88 26.87 26.75
0.02 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
73.07 73.05 73.07 73.07 73.07 73.07 73.07 73.07 73.10 73.10 73.11 73.23

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