Kiri Industries

₹332.5 0.1 | 0%

WEBSITE BSE:532967 NSE : KIRI DYES 10 May, 16:01

Market Cap ₹1723 Cr.

Stock P/E 21.2

P/B 0.6

Current Price ₹332.5

Book Value ₹ 514.1

Face Value 10

52W High ₹453.9

Dividend Yield 0%

52W Low ₹ 262.1

Edit Ratio

Kiri Industries Research see more...

Overview Inc. Year: 1998Industry: Dyes & Pigments

Kiri Industries Ltd is an primarily India-based holding agency and is engaged in manufacturing dyes, intermediaries and basic chemical substances. The Company offers various reactive dyes, which consist of Kiractive P dyes, Kiraol VS dyes, Kiractive HE dyes, Kiractive ME dyes, Kirazol KR/KX dyes and Kiractive KF dyes. The Company also provides acid dyes and direct dyes. It produces Direct Black 22 powder, as well as liquid form beneath direct dyes category. Its other direct dyes are under improvement. Its acid dyes comprises Acid Black 210, Acid Black 194, Acid Blue 193, Acid green 104, Acid violet 90, Acid Red 357, Acid Red 362 and Acid Orange 142. It's intermediates include Sulpho Tobias acid, PNTOSA, Sulpho J.Acid and SULPHO GAMA ACID. The Company's fundamental chemical compounds include Sulphuric ACID 98%, Spent Sulphuric Acid, OLEUM 65%, OLUME 23% and Chloro Sulphonic ACID. Its plants are positioned at Vadodara, Gujarat. The Company operates in over 50 nations across about seven continents.

Kiri Industries Share Price

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Kiri Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	358	429	417	277	242	204	222	227	231	219
Other Income	0	0	1	0	0	0	3	1	2	3
Total Income	358	430	417	277	242	204	225	229	232	222
Total Expenditure	330	381	392	285	249	221	227	226	240	231
Operating Profit	28	49	25	-8	-7	-17	-2	3	-8	-10
Interest	1	1	1	1	1	2	2	4	5	6
Depreciation	13	13	12	12	12	12	12	12	12	12
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	14	35	12	-22	-20	-31	-16	-13	-26	-28
Provision for Tax	2	11	3	5	6	3	2	2	1	2
Profit After Tax	12	25	9	-26	-26	-34	-18	-15	-27	-29
Adjustments	89	81	82	80	87	88	-43	13	46	156
Profit After Adjustments	101	106	91	54	61	54	-61	-3	19	126
Adjusted Earnings Per Share	25.3	26.5	17.6	10.3	11.7	10.4	-11.9	-0.5	3.6	24.4

Kiri Industries Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	554	691	931	1030	1125	1117	1394	1305	957	1497	945	899
Other Income	2	1	2	13	2	2	3	5	2	2	3	9
Total Income	556	692	933	1043	1128	1119	1397	1311	959	1499	948	908
Total Expenditure	531	619	831	917	966	936	1163	1119	874	1376	983	924
Operating Profit	25	74	101	125	161	183	234	191	85	123	-34	-17
Interest	78	80	86	74	9	3	5	5	4	5	6	17
Depreciation	35	37	28	27	29	34	38	44	46	50	49	48
Exceptional Income / Expenses	-112	-29	0	5	0	0	0	0	0	0	0	0
Profit Before Tax	-199	-72	-13	30	279	376	198	402	265	404	122	-83
Provision for Tax	0	1	3	4	14	18	33	26	13	15	16	7
Profit After Tax	-200	-73	-16	26	266	358	164	376	252	389	107	-89
Adjustments	0	83	198	170	-0	0	-0	-1	0	0	0	172
Profit After Adjustments	-200	10	182	196	266	358	164	375	252	389	107	81
Adjusted Earnings Per Share	-105	5.2	79.9	73.7	95.4	118.4	52.3	111.5	75.1	75	20.6	15.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-37%	-10%	-3%	5%
Operating Profit CAGR	-128%	NAN%	NAN%	NAN%
PAT CAGR	-72%	-34%	-21%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	14%	-10%	-8%	9%
ROE Average	4%	11%	13%	1%
ROCE Average	5%	11%	13%	11%

Kiri Industries Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	187	180	447	645	1032	1405	1567	1933	2184	2573	2679
Minority's Interest	0	0	0	0	0	0	0	0	0	0	-0
Borrowings	496	496	735	269	158	156	149	96	95	27	41
Other Non-Current Liabilities	27	28	31	34	45	48	24	20	10	-5	-6
Total Current Liabilities	427	511	345	392	238	216	327	357	403	466	471
Total Liabilities	1137	1214	1557	1339	1473	1824	2067	2407	2693	3061	3186
Fixed Assets	325	324	368	333	376	412	484	512	563	546	510
Other Non-Current Assets	256	330	508	588	785	1017	1083	1380	1587	1936	2142
Total Current Assets	556	560	681	418	311	396	500	515	542	579	533
Total Assets	1137	1214	1557	1339	1473	1824	2067	2407	2693	3061	3186

Kiri Industries Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	5	7	10	4	19	12	12	19	12	7	13
Cash Flow from Operating Activities	32	169	-83	226	217	64	141	124	72	92	89
Cash Flow from Investing Activities	-22	-120	-247	-211	-105	-66	-119	-104	-70	-29	-18
Cash Flow from Financing Activities	-8	-45	325	1	-119	2	-16	-27	-7	-57	-57
Net Cash Inflow / Outflow	1	3	-6	16	-7	0	7	-7	-5	6	14
Closing Cash & Cash Equivalent	7	10	4	20	12	12	19	12	7	13	27

Kiri Industries Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-105.01	5.22	79.88	73.71	95.39	118.4	52.29	111.53	75.1	75	20.58
CEPS(Rs)	-86.72	-19.01	5.39	19.79	105.85	129.64	64.34	124.89	88.82	84.68	30
DPS(Rs)	0	0	0	0	0	0	2	0.5	0	0	0
Book NAV/Share(Rs)	89.01	93.07	172.54	234.49	325.18	451.25	500.04	575.07	649.73	496.32	516.64
Core EBITDA Margin(%)	3.77	9.68	10.03	10.23	13.26	15.94	16.57	14.25	8.63	8.1	-3.97
EBIT Margin(%)	-19.87	1.09	7.37	9.38	24.07	33.46	14.54	31.16	28.15	27.32	13.61
Pre Tax Margin(%)	-32.55	-9.6	-1.33	2.68	23.31	33.15	14.17	30.79	27.73	27	12.94
PAT Margin (%)	-32.63	-9.69	-1.63	2.33	22.17	31.54	11.77	28.77	26.38	25.97	11.28
Cash Profit Margin (%)	-26.95	-4.81	1.23	4.77	24.6	34.54	14.47	32.17	31.2	29.32	16.46
ROA(%)	-17.55	-6.18	-1.16	1.77	18.89	21.72	8.43	16.79	9.9	13.51	3.41
ROE(%)	-73.9	-42.02	-5.67	5.06	34.77	31.54	11.19	21.45	12.26	16.35	4.06
ROCE(%)	-13.14	0.87	6.66	8.97	25.24	27.17	12.24	21.33	12.2	16.35	4.77
Receivable days	165.78	150.31	147.14	119.58	61.06	58.34	61.4	80.24	123.89	75.35	95.51
Inventory Days	108.23	79.24	44.37	31.04	25.63	32.41	37.66	43.51	59.45	50.49	84.95
Payable days	90.25	82.13	75.2	87.86	89.88	93	74.69	95.35	146.54	106.29	194.43
PER(x)	0	16.11	1.73	1.5	2.96	3.51	9.49	2.42	5.56	6.53	13.78
Price/Book(x)	0.1	0.9	0.8	0.47	0.87	0.92	0.99	0.47	0.64	0.99	0.55
Dividend Yield(%)	0	0	0	0	0	0	0.4	0.19	0	0	0
EV/Net Sales(x)	1.35	1.35	1.18	0.68	0.85	1.27	1.22	0.8	1.61	1.75	1.5
EV/Core EBITDA(x)	29.99	12.67	10.84	5.6	5.91	7.76	7.26	5.44	18.19	21.22	-41.5
Net Sales Growth(%)	-0.29	24.76	34.66	10.65	9.26	-0.74	24.79	-6.35	-26.69	56.41	-36.87
EBIT Growth(%)	-503.72	106.73	793.97	41.3	179.19	31.68	-46.65	100.73	-33.77	51.8	-68.56
PAT Growth(%)	-523.58	63.57	77.82	259.29	934.57	34.79	-54.16	128.8	-32.76	53.98	-72.57
EPS Growth(%)	-523.58	104.97	1431.06	-7.72	29.4	24.13	-55.83	113.29	-32.67	-0.12	-72.57
Debt/Equity(x)	4.35	4.42	1.99	0.68	0.2	0.13	0.1	0.08	0.07	0.04	0.02
Current Ratio(x)	1.3	1.1	1.98	1.07	1.31	1.84	1.53	1.44	1.34	1.24	1.13
Quick Ratio(x)	0.87	0.82	1.69	0.86	0.97	1.3	1.01	1.04	0.93	0.72	0.72
Interest Cover(x)	-1.57	0.1	0.85	1.4	31.64	109.01	39.85	84.11	67.21	85.52	20.38
Total Debt/Mcap(x)	43.32	4.9	2.51	1.44	0.23	0.14	0.11	0.17	0.11	0.04	0.03

Kiri Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	34.98	26.72	26.72	26.72	26.72	26.72	26.72	26.72	26.72	26.72
FII	34.48	49.13	48.4	48.44	48.34	46.53	46.81	46.35	45.73	42.07
DII	0.62	0.48	0.48	0.48	0.48	0.48	0.48	0.54	0.56	0.48
Public	29.92	23.67	24.41	24.37	24.46	26.28	26	26.39	26.99	30.73
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.4	1.39	1.39	1.39	1.39	1.39	1.39	1.39	1.39	1.39
FII	1.38	2.55	2.51	2.51	2.51	2.41	2.43	2.4	2.37	2.18
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.02
Public	1.2	1.23	1.27	1.26	1.27	1.36	1.35	1.37	1.4	1.59
Others	0	0	0	0	0	0	0	0	0	0
Total	4	5.18	5.18	5.18	5.18	5.18	5.18	5.18	5.18	5.18

Pros

Stock is trading at 0.6 times its book value
Company is almost debt free.

Cons

Promoter holding is low: 26.72%.
Company has a low return on equity of 11% over the last 3 years.
Debtor days have increased from 106.29 to 194.43days.
The company has delivered a poor profit growth of -21% over past five 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.

Kiri Industries News

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Kiri Industries

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Kiri Industries Research see more...

Overview Inc. Year: 1998Industry: Dyes & Pigments

Kiri Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Kiri Industries Quarterly Results

Kiri Industries Profit & Loss

Growth Rates

Kiri Industries Balance Sheet

Kiri Industries Cash Flow

Kiri Industries Ratios

Kiri Industries Shareholding Pattern

Kiri Industries News

IPO

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