Kabra Extrusion Technik Ltd

Kabra Extrusion Technik Ltd

₹ 370 -2.44%
26 Feb - close price
About

Kabra Extrusiontechnik Limited was incorporated in 1982. It is part of the Kolsite group and operates in the business of plastic extrusion machinery. KET specializes in providing plastic extrusion machinery for manufacturing pipes and films. It has two manufacturing locations in Daman. Co. has also started Lithium ion battery packs business from FY21 [1] [2]

Key Points

Products
Single Screw Extrusion lines for PVC, cPVC, PP-R pipes, etc.
Twin screw lines for extrusion of RPVC/ CPVC pipes, etc.
Other products: High Speed Flat and Round Drip Tube lines, Monolayer Blown Film Lines, High Capacity Mixer-coolers, etc. [1]

  • Market Cap 1,295 Cr.
  • Current Price 370
  • High / Low 595 / 355
  • Stock P/E 48.4
  • Book Value 123
  • Dividend Yield 0.95 %
  • ROCE 15.1 %
  • ROE 10.7 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 32.0%

Cons

  • Stock is trading at 3.01 times its book value
  • Company has a low return on equity of 10.1% over last 3 years.
  • Debtor days have increased from 46.4 to 59.7 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
62.00 107.32 55.34 83.10 105.36 162.63 105.16 180.05 206.85 177.96 133.64 182.39 123.86
50.74 90.48 48.50 70.93 89.14 142.91 94.51 162.00 184.64 154.56 121.26 170.95 115.01
Operating Profit 11.26 16.84 6.84 12.17 16.22 19.72 10.65 18.05 22.21 23.40 12.38 11.44 8.85
OPM % 18.16% 15.69% 12.36% 14.65% 15.39% 12.13% 10.13% 10.02% 10.74% 13.15% 9.26% 6.27% 7.15%
0.61 1.28 0.52 1.21 0.28 0.23 0.59 1.33 1.01 0.24 1.29 2.40 1.73
Interest 0.88 0.43 0.49 0.46 0.72 1.00 1.56 2.05 2.46 2.99 2.44 2.44 2.37
Depreciation 2.30 2.65 2.64 2.80 2.84 2.97 3.25 3.32 3.43 3.56 3.71 3.86 3.94
Profit before tax 8.69 15.04 4.23 10.12 12.94 15.98 6.43 14.01 17.33 17.09 7.52 7.54 4.27
Tax % 33.03% 15.82% 28.37% 33.89% 31.84% 28.10% 31.73% 31.76% 31.22% 28.55% 25.93% 24.40% 23.19%
5.83 12.66 3.04 6.69 8.83 11.49 4.39 9.55 11.92 12.22 5.57 5.70 3.29
EPS in Rs 1.83 3.97 0.95 2.10 2.77 3.58 1.37 2.98 3.72 3.64 1.66 1.63 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
191 180 223 271 299 276 268 245 220 276 406 670 618
179 164 200 242 261 246 240 224 208 235 351 596 562
Operating Profit 12 16 23 30 38 30 28 21 13 41 55 74 56
OPM % 6% 9% 10% 11% 13% 11% 10% 8% 6% 15% 13% 11% 9%
6 5 2 9 4 2 3 20 3 3 2 3 6
Interest 1 3 2 3 2 2 1 2 1 3 3 9 10
Depreciation 5 6 6 8 9 7 8 7 8 10 11 14 15
Profit before tax 13 13 17 27 32 23 21 31 6 31 43 55 36
Tax % 21% 15% 19% 17% 29% 10% 6% 21% -19% 23% 31% 31%
10 11 14 22 22 21 20 24 7 24 30 38 27
EPS in Rs 3.14 3.40 4.45 7.02 7.04 6.51 6.31 7.67 2.34 7.58 9.37 11.34 7.87
Dividend Payout % 32% 29% 34% 28% 32% 31% 32% 0% 64% 33% 32% 31%
Compounded Sales Growth
10 Years: 14%
5 Years: 20%
3 Years: 45%
TTM: -6%
Compounded Profit Growth
10 Years: 16%
5 Years: 14%
3 Years: 73%
TTM: -28%
Stock Price CAGR
10 Years: 29%
5 Years: 42%
3 Years: 42%
1 Year: -36%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 16 16 16 16 16 16 16 16 16 16 16 17 17
Reserves 97 104 113 127 140 211 218 231 217 262 313 367 413
12 16 17 21 17 8 4 9 27 24 58 74 84
58 64 77 98 74 68 100 87 110 97 180 177 211
Total Liabilities 183 200 224 261 248 303 337 343 370 399 568 635 725
52 50 45 70 107 113 108 120 134 140 156 168 164
CWIP 0 0 0 0 0 1 0 1 7 1 0 6 15
Investments 25 52 58 42 16 63 57 52 43 86 56 46 70
106 98 121 149 124 126 172 170 186 173 356 415 475
Total Assets 183 200 224 261 248 303 337 343 370 399 568 635 725

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 20 5 5 33 19 12 6 28 38 -63 -4
9 -16 -5 1 -19 -8 1 1 -39 -32 8 -29
-3 -5 -1 -5 -14 -11 -13 -5 9 -5 53 34
Net Cash Flow 1 -0 -0 1 -0 1 -0 1 -1 1 -2 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 38 32 41 72 49 47 60 53 27 29 50 60
Inventory Days 155 169 147 130 118 137 223 259 339 231 272 157
Days Payable 50 71 52 69 58 69 122 93 121 88 136 60
Cash Conversion Cycle 143 129 137 133 109 114 161 219 244 172 186 156
Working Capital Days 54 50 56 70 58 70 89 112 99 78 130 100
ROCE % 10% 10% 13% 16% 19% 12% 10% 13% 3% 12% 13% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.56% 59.03% 59.46% 60.22% 60.44% 60.45% 60.44% 60.44% 60.23% 60.23% 60.24% 60.24%
0.80% 0.72% 1.01% 0.95% 0.86% 0.61% 0.39% 0.40% 2.44% 2.27% 3.85% 3.78%
0.01% 0.01% 0.01% 0.01% 0.04% 0.01% 0.10% 0.10% 0.23% 0.09% 0.01% 0.01%
0.00% 0.00% 0.00% 0.00% 0.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.63% 40.24% 39.52% 38.82% 38.42% 38.93% 39.06% 39.05% 37.11% 37.41% 35.91% 35.97%
No. of Shareholders 14,46217,87817,12721,01526,21026,56126,60324,63825,62327,49329,45330,185

* 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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