Krypton Industries Ltd

₹ 23.8 -0.83%
01 Jul - 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 35.1 Cr.
  • Current Price 23.8
  • High / Low 30.4 / 11.6
  • Stock P/E 12.7
  • Book Value 20.3
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 9.35 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.17 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 26.87%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2012 Sep 2012 Dec 2012 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
9.49 12.91 9.43 6.15 5.48 8.15 15.46 13.48 8.17 9.85 11.75 13.84
8.74 12.21 8.97 5.52 5.01 7.02 12.29 15.11 7.33 8.95 10.58 12.30
Operating Profit 0.75 0.70 0.46 0.63 0.47 1.13 3.17 -1.63 0.84 0.90 1.17 1.54
OPM % 7.90% 5.42% 4.88% 10.24% 8.58% 13.87% 20.50% -12.09% 10.28% 9.14% 9.96% 11.13%
0.24 0.32 0.17 0.35 0.00 0.32 0.49 1.60 -3.82 0.01 0.10 4.11
Interest 0.26 0.33 0.28 0.48 0.33 0.47 0.40 0.59 0.35 0.31 0.46 0.49
Depreciation 0.27 0.23 0.23 0.76 0.39 0.39 0.36 0.47 0.30 0.38 0.34 1.02
Profit before tax 0.46 0.46 0.12 -0.26 -0.25 0.59 2.90 -1.09 -3.63 0.22 0.47 4.14
Tax % 8.70% 0.00% 16.67% 111.54% 16.00% -6.78% 17.93% 15.60% -1.10% 0.00% 17.02% 9.42%
Net Profit 0.36 0.35 0.12 0.03 -0.21 0.61 2.17 -0.83 -3.67 0.23 0.40 3.75
EPS in Rs 0.31 0.30 0.10 0.02 -0.14 0.42 1.48 -0.56 -2.50 0.16 0.27 2.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2020 Mar 2021 Mar 2022
14.26 18.74 21.89 21.05 31.15 36.33 44.29 28.45 42.14 43.60
10.41 15.00 17.41 20.33 27.66 31.83 41.54 25.48 38.88 39.13
Operating Profit 3.85 3.74 4.48 0.72 3.49 4.50 2.75 2.97 3.26 4.47
OPM % 27.00% 19.96% 20.47% 3.42% 11.20% 12.39% 6.21% 10.44% 7.74% 10.25%
0.24 1.80 0.62 0.62 0.55 0.27 0.73 0.63 2.41 0.39
Interest 0.46 0.62 0.95 1.49 1.82 1.95 1.73 1.80 1.92 1.62
Depreciation 0.58 0.66 1.08 1.34 1.11 1.14 1.13 1.72 1.60 2.04
Profit before tax 3.05 4.26 3.07 -1.49 1.11 1.68 0.62 0.08 2.15 1.20
Tax % 25.90% 19.25% 20.85% -27.52% 32.43% 43.45% 67.74% -500.00% 12.56% 42.50%
Net Profit 1.96 3.03 2.17 -1.70 0.68 0.93 0.10 0.50 1.72 0.70
EPS in Rs 1.69 2.61 1.87 -1.47 0.59 0.80 0.09 0.34 1.17 0.48
Dividend Payout % 32.91% 21.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: %
3 Years: %
TTM: 3%
Compounded Profit Growth
10 Years: 43%
5 Years: %
3 Years: %
TTM: 60%
Stock Price CAGR
10 Years: 6%
5 Years: 15%
3 Years: 15%
1 Year: 57%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2020 Mar 2021 Mar 2022
4.30 4.30 4.30 4.30 4.30 4.30 11.61 14.70 14.70 14.70
Reserves 5.12 7.70 10.00 8.39 9.09 9.99 13.47 12.79 14.45 15.19
5.45 7.33 12.17 12.43 14.14 14.79 12.75 16.18 16.09 11.53
3.97 5.53 6.13 7.45 8.30 11.07 9.79 8.15 9.92 9.55
Total Liabilities 18.84 24.86 32.60 32.57 35.83 40.15 47.62 51.82 55.16 50.97
8.95 8.67 13.09 13.79 13.86 13.93 15.03 16.36 15.76 15.93
CWIP 0.32 2.86 1.28 0.00 0.00 0.00 2.36 0.26 0.70 0.00
Investments 0.10 0.14 0.34 0.39 0.61 0.21 0.21 0.10 0.11 0.12
9.47 13.19 17.89 18.39 21.36 26.01 30.02 35.10 38.59 34.92
Total Assets 18.84 24.86 32.60 32.57 35.83 40.15 47.62 51.82 55.16 50.97

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2020 Mar 2021 Mar 2022
2.15 1.35 0.48 1.84 1.10 1.60 3.17 2.16 4.53 5.98
-2.22 -2.09 -3.82 -0.93 -1.04 -0.77 -5.78 -1.06 -1.67 -0.96
1.05 0.65 3.58 -1.24 0.04 -0.72 6.94 -1.48 -1.46 -6.18
Net Cash Flow 0.98 -0.09 0.24 -0.33 0.10 0.11 4.33 -0.38 1.40 -1.17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2020 Mar 2021 Mar 2022
Debtor Days 61.69 67.00 88.54 101.44 90.69 73.24 63.13 92.37 57.69 64.29
Inventory Days 226.01 224.10 232.57 184.49 160.51 220.59 147.10 601.18 282.14 256.13
Days Payable 85.77 104.67 108.12 99.13 86.41 101.88 67.99 80.43 83.93 83.62
Cash Conversion Cycle 201.93 186.43 212.99 186.80 164.79 191.95 142.24 613.11 255.90 236.80
Working Capital Days 126.44 152.12 199.92 187.27 153.03 128.40 109.77 295.72 193.67 188.78
ROCE % 24.62% 17.55% 0.04% 11.21% 13.11% 6.67% 9.16% 14.89%

Shareholding Pattern

Numbers in percentages

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

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