Kanoria Energy & Infrastructure Ltd

Kanoria Energy & Infrastructure Ltd

₹ 31.0 1.97%
02 Mar 9:58 a.m.
About

Incorporated in 1980, Kanoria Energy
& Infrastructure Ltd is in the business
of manufacturing of A.C. Pressure Pipes, Couplings, A.C. Sheet & Moulded Goods
and laying & jointing of Asbestos Cement Products[1]

Key Points

Business Overview:[1]
KEIL manufactures Asbestos Cement Pressure Pipes, Asbestos Cement A.C., Corrugated Roofing Sheets, and allied products. Company supplies products to many vital World Bank
assisted water supply schemes. It operates Asbestos Cement Pressure Pipes and Roofing sheets under the brand name of JAI KIRTI.

  • Market Cap 264 Cr.
  • Current Price 31.0
  • High / Low 41.6 / 16.1
  • Stock P/E 35.5
  • Book Value 10.4
  • Dividend Yield 0.16 %
  • ROCE 13.6 %
  • ROE 12.5 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 63.8% CAGR over last 5 years

Cons

  • Stock is trading at 2.92 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.65% over past five years.
  • Company has a low return on equity of 11.5% over last 3 years.

* 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
62.17 67.87 88.29 55.71 60.83 80.49 93.37 61.32 68.75 89.86 128.82 65.65 76.42
56.40 64.28 80.30 53.14 57.51 75.44 84.46 56.19 59.92 88.57 118.66 60.03 70.44
Operating Profit 5.77 3.59 7.99 2.57 3.32 5.05 8.91 5.13 8.83 1.29 10.16 5.62 5.98
OPM % 9.28% 5.29% 9.05% 4.61% 5.46% 6.27% 9.54% 8.37% 12.84% 1.44% 7.89% 8.56% 7.83%
0.07 0.17 0.07 0.40 7.27 0.37 0.36 0.00 0.08 2.40 0.06 0.07 0.15
Interest 3.04 1.48 1.95 1.87 1.70 1.82 2.22 2.46 2.14 3.52 2.97 2.91 3.32
Depreciation 0.80 0.76 0.85 0.67 0.79 0.81 0.85 0.77 0.85 0.82 0.86 0.90 0.91
Profit before tax 2.00 1.52 5.26 0.43 8.10 2.79 6.20 1.90 5.92 -0.65 6.39 1.88 1.90
Tax % 10.50% 77.63% 8.37% 218.60% 15.31% 56.99% 19.84% 64.21% 28.21% 46.15% 18.78% 38.83% 24.21%
1.79 0.35 4.83 -0.51 6.86 1.21 4.97 0.68 4.25 -0.35 5.20 1.15 1.44
EPS in Rs 0.21 0.04 0.57 -0.06 0.80 0.14 0.58 0.08 0.50 -0.04 0.61 0.13 0.17
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
213 214 263 254 189 167 207 255 249 268 285 313 361
198 200 251 238 178 156 195 239 233 248 266 289 338
Operating Profit 15 14 12 16 10 11 12 16 16 19 19 24 23
OPM % 7% 7% 5% 6% 5% 6% 6% 6% 6% 7% 7% 8% 6%
0 0 1 1 2 1 1 5 0 0 8 3 3
Interest 9 8 8 8 9 9 9 9 9 9 7 10 13
Depreciation 3 4 4 3 3 3 3 3 3 3 3 3 3
Profit before tax 2 3 1 5 0 -0 1 10 4 8 17 13 10
Tax % 30% 41% 18% 36% 90% -25% 32% 13% 12% 23% 25% 29%
2 2 1 3 0 -0 1 8 4 6 12 10 7
EPS in Rs 0.18 0.18 0.12 0.36 0.00 -0.02 0.10 0.99 0.43 0.73 1.45 1.12 0.87
Dividend Payout % 0% 0% 0% 52% 1,785% -357% 26% 5% 12% 7% 2% 4%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: 8%
TTM: 19%
Compounded Profit Growth
10 Years: 21%
5 Years: 64%
3 Years: 38%
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 33%
1 Year: 50%
Return on Equity
10 Years: 7%
5 Years: 10%
3 Years: 12%
Last Year: 12%

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 11 11 11 11 11 11 21 21 21 21 43 43
Reserves 40 40 40 39 38 32 33 30 34 39 51 39 46
Preference Capital 0 0 0 0 0 0 0 0 0 4 4 5
64 62 64 80 92 96 101 83 85 74 80 106 112
51 70 70 71 63 55 63 81 74 78 73 77 101
Total Liabilities 166 183 184 200 204 194 207 215 214 212 225 264 302
63 57 52 48 45 43 41 39 40 38 36 66 64
CWIP 0 0 0 0 15 21 25 42 45 52 53 29 30
Investments 1 1 1 1 0 0 0 0 0 0 0 1 1
102 125 131 152 144 131 141 134 129 122 136 168 206
Total Assets 166 183 184 200 204 194 207 215 214 212 225 264 302

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
10 -9 8 15 10 40 11 28 -3 -8
-1 -1 -16 -7 -5 -12 -5 -8 5 -10
-9 8 6 -7 -4 -27 -7 -19 1 16
Net Cash Flow -0 -2 -3 1 -0 0 -1 1 2 -2

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 17 28 26 31 39 44 38 26 24 18 22 14
Inventory Days 148 211 138 157 210 211 195 188 192 170 194 250
Days Payable 64 118 97 82 100 85 62 93 48 45 39 66
Cash Conversion Cycle 101 121 67 106 149 171 171 120 167 144 177 198
Working Capital Days 80 93 84 109 162 176 158 86 90 74 92 123
ROCE % 10% 9% 8% 11% 7% 6% 7% 9% 9% 12% 12% 14%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.95% 73.95% 73.95% 73.95% 73.95% 73.95% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94%
26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.04% 26.05% 26.05% 26.04% 26.04%
No. of Shareholders 2,1032,1642,3162,4942,6732,9594,3603,3553,3403,5594,5054,669

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