Kriti Industries (India) Ltd

Kriti Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kriti Industries (India) Ltd

₹ 132 -1.08%
19 Apr 4:01 p.m.
kritiindustries.com BSE: 526423 NSE : KRITI
About

Kriti manufactures premium quality piping
products and solutions, accessories, gas pipes, telecom ducts, submersible pipes and casing pipes which are used in applications of
potable water supply, irrigation, building
construction and infrastructure.[1]

Key Points

Market Share and Geographical Presence
Co. serves the markets of Madhya Pradesh, Rajasthan, Maharashtra, and Telangana. The market share of the Co in different states stands at:
Madhya Pradesh: 65%
Rajasthan: ~45%
Maharashtra: ~10% [1]

Website BSE NSE
  • Market Cap ₹ 654 Cr.
  • Current Price ₹ 132
  • High / Low ₹ 182 / 88.0
  • Stock P/E 19.0
  • Book Value ₹ 28.3
  • Dividend Yield 0.00 %
  • ROCE -6.07 %
  • ROE -17.5 %
  • Face Value ₹ 1.00
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Pros

  • Company's working capital requirements have reduced from 65.3 days to 49.5 days

Cons

  • Stock is trading at 4.67 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 7.62% 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

Consolidated Figures in Rs. Crores / View Standalone

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
220.92 125.77 153.99 112.69 118.89 159.17 183.54 104.44 256.15 188.35 279.55 149.66 242.80
192.47 112.79 140.42 100.37 109.11 155.93 189.63 132.04 245.86 172.70 262.06 139.31 224.95
Operating Profit 28.45 12.98 13.57 12.32 9.78 3.24 -6.09 -27.60 10.29 15.65 17.49 10.35 17.85
OPM % 12.88% 10.32% 8.81% 10.93% 8.23% 2.04% -3.32% -26.43% 4.02% 8.31% 6.26% 6.92% 7.35%
0.15 0.25 6.09 0.33 0.24 1.48 3.25 0.03 0.04 0.11 0.66 0.32 1.23
Interest 2.92 2.79 3.40 3.17 3.63 3.90 3.78 3.95 3.84 5.17 4.73 4.65 5.24
Depreciation 1.96 1.85 1.96 1.95 1.96 2.20 2.22 2.20 2.41 2.31 2.84 2.97 3.11
Profit before tax 23.72 8.59 14.30 7.53 4.43 -1.38 -8.84 -33.72 4.08 8.28 10.58 3.05 10.73
Tax % 25.17% 30.62% 13.85% 26.83% 8.13% -43.48% -3.05% -2.14% -11.52% -93.12% 26.09% 18.03% 25.91%
17.75 5.96 12.32 5.51 4.08 -1.97 -9.11 -34.44 4.55 15.99 7.86 2.51 7.96
EPS in Rs 3.58 1.20 2.48 1.11 0.82 -0.40 -1.84 -6.94 0.92 3.22 1.58 0.51 1.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
302 332 370 380 480 387 446 588 534 589 545 732 860
279 309 345 360 442 357 416 558 489 522 505 740 799
Operating Profit 23 24 25 20 38 30 30 29 45 67 39 -8 61
OPM % 8% 7% 7% 5% 8% 8% 7% 5% 8% 11% 7% -1% 7%
2 2 1 1 2 1 3 2 1 1 8 3 2
Interest 12 14 14 13 17 13 13 15 17 11 14 17 20
Depreciation 4 5 5 5 4 5 6 6 7 7 8 9 11
Profit before tax 8 6 7 4 18 12 14 10 21 49 25 -30 33
Tax % 32% 42% 40% 41% 41% 35% 34% 40% 11% 26% 20% 24%
6 4 4 2 11 8 9 6 18 36 20 -23 34
EPS in Rs 1.16 0.75 0.88 0.42 2.17 1.64 1.85 1.21 3.73 7.27 4.02 -4.64 6.91
Dividend Payout % 13% 20% 17% 0% 8% 9% 8% 12% 4% 3% 5% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 11%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 183%
Stock Price CAGR
10 Years: 38%
5 Years: 39%
3 Years: 27%
1 Year: 25%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 8%
Last Year: -18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 37 40 43 45 55 62 71 76 94 129 149 125 136
43 43 38 49 60 72 63 76 77 81 99 120 116
100 121 134 91 103 105 118 154 177 150 156 161 164
Total Liabilities 184 209 220 190 223 243 258 311 353 365 409 411 421
48 51 52 56 60 79 83 99 106 100 106 124 136
CWIP 1 0 1 3 4 0 0 1 1 8 14 17 12
Investments 0 0 0 0 0 0 0 0 0 0 0 3 3
135 158 167 130 159 165 174 212 246 256 290 268 269
Total Assets 184 209 220 190 223 243 258 311 353 365 409 411 421

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 20 28 14 13 26 31 18 32 30 4 27
-10 -6 -8 -10 -9 -18 -12 -25 -16 -14 -7 -31
-5 -14 -20 -4 -4 -9 -18 6 -16 -16 3 4
Net Cash Flow -0 0 0 -0 0 -0 1 -2 0 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 45 61 61 31 43 43 40 42 50 24 22 27
Inventory Days 120 108 96 81 65 103 99 87 120 132 172 90
Days Payable 117 145 142 88 76 96 101 95 131 92 106 73
Cash Conversion Cycle 48 24 16 25 33 49 38 34 39 64 88 44
Working Capital Days 35 34 26 30 37 45 38 37 45 59 88 49
ROCE % 27% 24% 24% 18% 32% 20% 19% 17% 24% 31% 14% -6%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.34% 66.34% 66.34% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35% 66.35%
0.00% 0.00% 0.00% 0.03% 0.09% 0.01% 0.00% 0.06% 0.08% 0.01% 0.15% 0.01%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.66% 33.66% 33.66% 33.62% 33.56% 33.64% 33.65% 33.58% 33.57% 33.64% 33.49% 33.64%
No. of Shareholders 7,2449,29510,77912,00612,18312,36011,90310,73310,19111,17111,26513,665

* 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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