Kritika Wires Ltd
Incorporated in 2004, Kritika Wires Ltd manufactures, exports and supplies a wide range of Industrial Steel Wires and Galvanised Wires[1]
- Market Cap ₹ 583 Cr.
- Current Price ₹ 21.9
- High / Low ₹ 21.9 / 3.81
- Stock P/E 71.7
- Book Value ₹ 2.91
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 8.38 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 94.0 to 46.5 days.
- Company's working capital requirements have reduced from 117 days to 80.3 days
Cons
- Stock is trading at 7.53 times its book value
- Promoter holding has decreased over last quarter: -13.0%
- Company has a low return on equity of 5.16% over last 3 years.
- Earnings include an other income of Rs.6.45 Cr.
* 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: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
35 | 77 | 255 | 274 | 171 | 135 | 244 | 282 | 391 | |
34 | 73 | 243 | 257 | 167 | 132 | 236 | 274 | 380 | |
Operating Profit | 1 | 4 | 13 | 17 | 4 | 3 | 8 | 9 | 11 |
OPM % | 3% | 5% | 5% | 6% | 3% | 2% | 3% | 3% | 3% |
0 | 2 | 5 | 4 | 6 | 4 | 3 | 4 | 6 | |
Interest | 1 | 3 | 8 | 8 | 6 | 3 | 3 | 3 | 4 |
Depreciation | 1 | 2 | 2 | 4 | 3 | 3 | 2 | 2 | 2 |
Profit before tax | -1 | 0 | 8 | 10 | 2 | 1 | 6 | 8 | 11 |
Tax % | 6% | 35% | 34% | 33% | 21% | 23% | 27% | 23% | |
-0 | 0 | 5 | 7 | 2 | 1 | 4 | 6 | 8 | |
EPS in Rs | -0.10 | 0.06 | 0.26 | 0.25 | 0.06 | 0.03 | 0.15 | 0.22 | 0.30 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 22% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 18% |
TTM: | 48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 62% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 57% |
3 Years: | 108% |
1 Year: | 466% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 5% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 13 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 10 | 11 | 28 | 45 | 46 | 47 | 51 | 56 | 60 |
20 | 21 | 45 | 42 | 30 | 31 | 21 | 22 | 46 | |
13 | 8 | 55 | 39 | 39 | 29 | 33 | 22 | 33 | |
Total Liabilities | 47 | 43 | 141 | 144 | 134 | 125 | 124 | 118 | 156 |
18 | 19 | 23 | 19 | 19 | 17 | 18 | 16 | 16 | |
CWIP | 2 | -0 | 0 | 3 | 3 | 3 | 0 | 3 | 4 |
Investments | 0 | 0 | 2 | 3 | 1 | 1 | 1 | 1 | 0 |
28 | 25 | 116 | 119 | 111 | 104 | 104 | 98 | 137 | |
Total Assets | 47 | 43 | 141 | 144 | 134 | 125 | 124 | 118 | 156 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
-0 | -0 | 6 | -2 | 18 | 2 | 17 | -5 | |
-0 | -0 | -9 | -0 | -2 | 0 | -3 | 7 | |
-0 | -0 | -3 | 4 | -18 | -2 | -12 | -3 | |
Net Cash Flow | -0 | -0 | -6 | 2 | -2 | 1 | 1 | -1 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 152 | 60 | 103 | 100 | 108 | 159 | 76 | 46 |
Inventory Days | 110 | 49 | 47 | 42 | 81 | 96 | 64 | 59 |
Days Payable | 141 | 35 | 65 | 45 | 73 | 80 | 50 | 28 |
Cash Conversion Cycle | 121 | 74 | 86 | 96 | 116 | 175 | 91 | 78 |
Working Capital Days | 144 | 80 | 77 | 96 | 133 | 181 | 90 | 80 |
ROCE % | 5% | 19% | 8% | 4% | 9% | 12% |
Business Overview:[1]
KWL is a professionally managed company of Jai Hanuman Group. It is an ISO 9001:2015, ISO 14001:2015, OHSA S18001:2007 company manufacturing Steel Wire and Galvanized for State Electricity Boards, Power Grid Corporation of India Ltd, etc.