Krishna Defence & Allied Industries Ltd

₹ 120 3.68%
02 Dec - close price
About

Incorporated in 1996, Krishna Defence and Allied Industries Limited develop, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products and has two manufacturing plants located in Gujarat, Kalol, and Halol district near Vadodara.[1]

Key Points

Diversified Business Offerings[1] Krishna Defence and Allied Industries Ltd. (KDAIL) is engaged in manufacturing defense application products, dairy equipment products, and kitchen equipment. It has entered into various licensing agreements with Defence Research and Development Organization ("DRDO") for obtaining the know-how and rights which enable it to manufacture and supply specialized defense application products for the Indian Armed Forces.

Business segments:
A) Defense segment[2] KDAIL provides a wide array of high-performance products for naval applications and other utilities such as shipbuilding steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, superalloys weld consumables like welding wire, flux, and electrodes, food container and improved space heating device, which is also known as Bukhari.
Customer Base[3] Ministry of Defence, Mazagaon Dock Shipbuilders Limited, Garden Reach Shipbuilders & Engineers Ltd, Goa Shipyard Limited.
New Orders[3] KDAIL received developmental order from the Indian Navy for developing Super Alloy Weld Consumables which will be used in critical applications, wherein delivery of the first lot is expected to be completed in last quarter of FY23

  • Market Cap 137 Cr.
  • Current Price 120
  • High / Low 129 / 53.0
  • Stock P/E 55.7
  • Book Value 24.7
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 12.6 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 194 days to 130 days

Cons

  • Stock is trading at 4.85 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 9.67% over last 3 years.
  • Company has high debtors of 161 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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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022
29.20 19.55
25.55 16.33
Operating Profit 3.65 3.22
OPM % 12.50% 16.47%
0.16 0.54
Interest 0.98 0.52
Depreciation 0.98 0.96
Profit before tax 1.85 2.28
Tax % 33.51% 28.07%
Net Profit 1.24 1.64
EPS in Rs 1.48 1.43
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
58.10 24.80 34.95 49.52 48.75
52.40 20.91 30.34 42.63 41.88
Operating Profit 5.70 3.89 4.61 6.89 6.87
OPM % 9.81% 15.69% 13.19% 13.91% 14.09%
0.53 0.73 1.30 0.42 0.70
Interest 2.06 2.09 1.88 2.12 1.50
Depreciation 1.29 1.39 1.40 1.68 1.94
Profit before tax 2.88 1.14 2.63 3.51 4.13
Tax % 28.47% 34.21% 29.66% 30.20%
Net Profit 2.06 0.75 1.86 2.46 2.88
EPS in Rs 4.90 1.79 4.43 2.93 2.91
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -5%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 10%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.20 4.20 4.20 8.40
Reserves 11.15 11.89 14.09 12.35
27.35 25.68 25.57 23.09
23.29 19.64 12.45 23.98
Total Liabilities 65.99 61.41 56.31 67.82
10.04 10.38 9.96 13.60
CWIP 0.46 1.61 3.39 0.00
Investments 0.01 0.01 0.01 0.01
55.48 49.41 42.95 54.21
Total Assets 65.99 61.41 56.31 67.82

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.96 7.34 1.90 6.82
-8.01 -4.09 -0.21 -6.41
4.83 -3.13 -1.67 -0.55
Net Cash Flow -0.23 0.12 0.02 -0.14

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 198.58 179.26 137.96 161.20
Inventory Days 105.96 1,194.81 342.79 270.86
Days Payable 161.75 622.07 150.98 241.38
Cash Conversion Cycle 142.79 752.00 329.77 190.68
Working Capital Days 136.58 254.03 198.64 129.73
ROCE % 7.65% 10.53% 12.84%

Shareholding Pattern

Numbers in percentages

3 recently

Shareholding pattern is currently not available for this company.

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