Kunststoffe Industries Ltd

Kunststoffe Industries Ltd

₹ 27.5 0.44%
19 Apr - close price
About

Incorporated in 1985, Kunststoffe Industries
Ltd manufactures HDPE/PP Pipes,
etc.[1]

Key Points

Business Overview:[1]
Company is in the business of manufacturing Spirally Bound HDPE/PP Pipes, Vessels, Tanks, etc. in its facilities at Daman, U.T. Company's Spirally Bound profile wall pipes technology is patented and licensed by BAUKU of Germany. These Pipes range from 300 MM to 3600 MM in diameter and are used in water sewerage & effluent disposal schemes, ocean out-fuel, etc. The company also manufactures HDPE/PP Tanks of sizes ranging from 5000 Liters to 80000 Liters with varying wall thicknesses.

  • Market Cap 19.0 Cr.
  • Current Price 27.5
  • High / Low 41.4 / 21.0
  • Stock P/E 14.7
  • Book Value 14.7
  • Dividend Yield 0.00 %
  • ROCE 20.2 %
  • ROE 15.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.54% over past five years.
  • Promoter holding is low: 29.5%
  • Debtor days have increased from 30.5 to 36.7 days.
  • Promoter holding has decreased over last 3 years: -14.1%

* 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: Plastic products Industry: Plastics Products

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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
2.97 2.93 3.60 3.15 2.72 3.28 3.46 2.29 2.72 4.08 3.26 3.24 3.54
2.79 2.81 3.13 2.80 2.44 2.80 2.94 2.02 2.52 3.53 2.98 2.94 3.23
Operating Profit 0.18 0.12 0.47 0.35 0.28 0.48 0.52 0.27 0.20 0.55 0.28 0.30 0.31
OPM % 6.06% 4.10% 13.06% 11.11% 10.29% 14.63% 15.03% 11.79% 7.35% 13.48% 8.59% 9.26% 8.76%
0.04 0.11 0.03 0.03 0.10 0.15 0.03 0.10 0.17 0.06 0.13 0.12 0.13
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.07 -0.16 0.01 0.01 0.01 0.05 0.02 0.02 0.02 0.06 0.03 0.04 0.04
Profit before tax 0.15 0.39 0.49 0.37 0.37 0.58 0.53 0.35 0.35 0.55 0.38 0.38 0.40
Tax % 26.67% 0.00% 26.53% 27.03% 27.03% 8.62% 26.42% 22.86% 28.57% 21.82% 26.32% 26.32% 27.50%
0.11 0.40 0.36 0.27 0.27 0.53 0.39 0.28 0.26 0.43 0.28 0.28 0.30
EPS in Rs 0.16 0.58 0.52 0.39 0.39 0.77 0.57 0.41 0.38 0.62 0.41 0.41 0.44
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
0.89 1.18 1.58 1.57 2.41 3.09 10.54 11.98 9.44 9.66 12.76 12.54 14.12
0.88 0.95 0.97 1.17 1.32 2.05 10.48 11.37 8.76 8.88 11.20 10.99 12.68
Operating Profit 0.01 0.23 0.61 0.40 1.09 1.04 0.06 0.61 0.68 0.78 1.56 1.55 1.44
OPM % 1.12% 19.49% 38.61% 25.48% 45.23% 33.66% 0.57% 5.09% 7.20% 8.07% 12.23% 12.36% 10.20%
0.03 20.32 0.32 -0.11 0.03 0.14 0.15 0.13 0.23 0.26 0.32 0.37 0.44
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00
Depreciation 0.14 0.67 0.67 0.00 1.05 0.89 0.02 0.17 0.25 0.03 0.07 0.12 0.17
Profit before tax -0.10 19.88 0.26 0.29 0.07 0.29 0.18 0.57 0.66 1.00 1.81 1.80 1.71
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.53% 30.30% 14.00% 20.44% 23.89%
-0.10 19.88 0.25 0.29 0.06 0.29 0.18 0.51 0.46 0.85 1.44 1.37 1.29
EPS in Rs -0.08 16.78 0.36 0.42 0.09 0.42 0.26 0.74 0.67 1.23 2.09 1.99 1.88
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: 27%
5 Years: 4%
3 Years: 10%
TTM: 20%
Compounded Profit Growth
10 Years: 18%
5 Years: 50%
3 Years: 44%
TTM: -12%
Stock Price CAGR
10 Years: 9%
5 Years: 0%
3 Years: 5%
1 Year: 22%
Return on Equity
10 Years: 6%
5 Years: 11%
3 Years: 14%
Last Year: 15%

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 11.85 11.85 6.89 6.89 6.89 6.89 6.89 6.89 6.89 6.89 6.89 6.89 6.89
Reserves -48.16 -0.80 4.35 4.64 4.70 5.00 0.27 0.78 1.24 2.09 1.28 2.66 3.22
49.02 2.18 1.68 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.09 0.48 0.11 0.17 0.10 0.20 2.56 2.55 2.71 4.15 4.14 3.57 3.10
Total Liabilities 12.80 13.71 13.03 12.70 11.69 12.09 9.72 10.22 10.84 13.13 12.31 13.12 13.21
11.95 12.63 11.96 11.75 10.70 9.89 5.18 5.17 5.21 5.56 3.84 4.08 4.20
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.85 1.08 1.07 0.95 0.99 2.20 4.54 5.05 5.63 7.57 8.47 9.04 9.01
Total Assets 12.80 13.71 13.03 12.70 11.69 12.09 9.72 10.22 10.84 13.13 12.31 13.12 13.21

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
-0.82 20.74 20.74 0.56 0.92 0.14 0.34 1.46 0.86 1.41 3.00 -0.18
-0.21 -1.31 -1.30 0.10 0.02 0.06 -0.07 -0.15 -0.28 -0.27 -0.44 -0.13
1.01 -19.36 -19.37 -0.68 -1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -0.02 0.07 0.07 -0.02 -0.06 0.20 0.27 1.31 0.58 1.14 2.56 -0.31

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 254.27 170.13 129.37 116.24 87.84 170.10 42.59 37.78 52.97 45.34 9.44 36.67
Inventory Days 57.66 59.65 74.49 112.88 66.40 77.57
Days Payable 105.55 81.90 140.29 213.73 168.39 167.03
Cash Conversion Cycle 254.27 170.13 129.37 116.24 87.84 170.10 -5.30 15.52 -12.83 -55.51 -92.55 -52.79
Working Capital Days 233.76 105.17 173.26 146.46 118.13 186.63 50.56 16.15 9.28 -4.91 -53.78 -12.22
ROCE % -1.19% -3.08% 1.99% 3.38% 0.58% 2.47% 1.99% 7.69% 8.35% 11.81% 21.11% 20.20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
44.00% 44.00% 44.10% 44.10% 44.10% 44.10% 44.10% 44.10% 44.10% 29.47% 29.47% 29.47%
0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
55.38% 55.38% 55.27% 55.27% 55.27% 55.27% 55.28% 55.27% 55.28% 69.90% 69.91% 69.89%
No. of Shareholders 13,19613,16713,14313,10413,12113,13013,11713,10013,09813,09213,07913,089

* 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.

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