Kingfa Science & Technology (India) Ltd

Kingfa Science & Technology (India) Ltd

₹ 1,997 3.21%
26 Apr - close price
About

Kingfa Science & Technology (India) Limited, a subsidiary company of M/s Kingfa Science & Technology Co. Ltd China, is engaged in the business of manufacturing and supply of high-quality modified plastic compounds for automotive and consumer products and personal protective equipments like masks and gloves. [1]

Key Points

Product Portfolio
The Co.’s products include Modified Polypropylene Compound, Engineering Plastic Compound, and Personal Protective Equipment (PPE) like Mask and Gloves. [1] The PPE division added new lines for 3 Ply, foldable masks, and facilities for different variants. [2]

  • Market Cap 2,418 Cr.
  • Current Price 1,997
  • High / Low 2,595 / 1,400
  • Stock P/E 19.2
  • Book Value 438
  • Dividend Yield 0.00 %
  • ROCE 24.7 %
  • ROE 19.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.0% CAGR over last 5 years
  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Stock is trading at 4.56 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.7% 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.

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
194 221 222 265 256 304 346 351 340 366 339 351 394
190 211 202 251 242 287 338 317 310 311 289 306 356
Operating Profit 4 10 20 14 14 17 8 34 31 55 50 45 38
OPM % 2% 4% 9% 5% 5% 6% 2% 10% 9% 15% 15% 13% 10%
2 1 0 0 0 -6 0 1 1 1 2 0 1
Interest 0 1 1 1 1 2 1 1 1 2 1 1 1
Depreciation 3 3 3 3 3 3 3 4 4 4 4 4 5
Profit before tax 2 7 16 10 10 5 3 30 27 49 47 40 32
Tax % 32% 75% 26% 25% 26% 27% 27% 26% 25% 26% 25% 25% 25%
2 2 12 7 7 4 2 22 20 37 35 30 24
EPS in Rs 1.36 1.35 9.68 6.15 6.16 3.30 2.04 18.24 16.70 30.24 28.93 24.44 20.09
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
150 157 178 219 314 427 602 702 742 627 1,048 1,404 1,449
141 155 181 212 288 408 560 666 698 607 966 1,276 1,262
Operating Profit 9 2 -3 6 27 19 41 35 43 20 82 128 187
OPM % 6% 1% -2% 3% 8% 5% 7% 5% 6% 3% 8% 9% 13%
-0 1 0 0 1 4 6 4 3 6 -22 2 4
Interest 7 7 7 8 7 2 2 2 4 3 5 7 6
Depreciation 3 3 3 3 3 3 6 8 9 11 13 14 17
Profit before tax -0 -7 -12 -5 17 18 39 29 33 12 41 110 168
Tax % 123% 29% 31% 35% 38% 30% 36% 35% 26% 55% 26% 26%
0 -5 -8 -3 11 12 25 19 25 5 31 81 126
EPS in Rs 0.02 -4.14 -6.95 -2.49 8.93 10.24 20.35 15.74 20.33 4.39 25.29 67.22 103.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 18%
3 Years: 24%
TTM: 8%
Compounded Profit Growth
10 Years: 32%
5 Years: 27%
3 Years: 49%
TTM: 135%
Stock Price CAGR
10 Years: 48%
5 Years: 25%
3 Years: 49%
1 Year: 21%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 12%
Last Year: 19%

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 6 6 6 6 10 10 12 12 12 12 12 12 12
Reserves 19 13 5 2 109 234 293 312 336 342 372 454 519
43 34 62 75 16 42 21 17 46 71 46 42 29
21 31 31 41 95 119 159 210 202 246 449 502 373
Total Liabilities 88 85 105 125 230 405 485 551 596 671 880 1,010 932
29 26 24 25 29 76 88 85 107 129 126 123 251
CWIP 0 0 0 1 41 10 2 79 115 123 127 131 5
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
58 58 81 99 160 319 395 388 375 419 627 756 676
Total Assets 88 85 105 125 230 405 485 551 596 671 880 1,010 932

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
8 9 -24 -1 19 -119 -116 96 30 -2 38 27
-1 2 -1 -4 -47 -18 -6 -77 -63 -14 -19 -12
-7 -11 25 5 34 137 14 -7 22 17 -14 -21
Net Cash Flow 0 0 0 0 6 -1 -108 12 -11 1 5 -6

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 84 78 97 93 99 111 110 109 97 123 99 93
Inventory Days 54 52 54 64 85 69 85 63 67 100 110 94
Days Payable 44 68 66 72 127 108 108 119 115 152 181 155
Cash Conversion Cycle 95 62 85 85 57 72 86 53 49 71 28 32
Working Capital Days 86 57 90 87 66 82 99 59 69 82 48 56
ROCE % 10% -1% -9% 4% 22% 9% 13% 9% 10% 4% 16% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
6.33% 6.33% 6.33% 6.35% 6.34% 6.32% 6.32% 6.33% 6.34% 6.35% 6.36% 6.33%
18.68% 18.68% 18.68% 18.66% 18.66% 18.69% 18.68% 18.67% 18.66% 18.66% 18.64% 18.67%
No. of Shareholders 7,8107,7448,1788,6829,0228,7948,2057,9758,4909,4199,2669,452

* 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.

Click on the line-items to see the names of individual entities.

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