BSE:526423

Stock Analysis Report

Kriti Industries (India)

Executive Summary

Kriti Industries (India) Limited manufactures and sells plastic products in India.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Kriti Industries (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 526423's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.4%

526423

-0.5%

IN Building

-1.4%

IN Market


1 Year Return

-27.7%

526423

10.6%

IN Building

6.4%

IN Market

Return vs Industry: 526423 underperformed the Indian Building industry which returned 13.1% over the past year.

Return vs Market: 526423 underperformed the Indian Market which returned 9.5% over the past year.


Shareholder returns

526423IndustryMarket
7 Day-3.4%-0.5%-1.4%
30 Day-29.4%0.8%-3.3%
90 Day-20.8%6.1%0.4%
1 Year-27.1%-27.7%14.6%10.6%8.4%6.4%
3 Year-51.3%-52.1%31.6%23.3%20.9%14.1%
5 Year141.5%136.3%84.1%64.4%30.7%18.5%

Price Volatility Vs. Market

How volatile is Kriti Industries (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kriti Industries (India) undervalued compared to its fair value and its price relative to the market?

8.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 526423 (₹20.4) is trading above our estimate of fair value (₹1.35)

Significantly Below Fair Value: 526423 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 526423 is good value based on its PE Ratio (8.3x) compared to the Building industry average (11.5x).

PE vs Market: 526423 is good value based on its PE Ratio (8.3x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 526423's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 526423 is overvalued based on its PB Ratio (1.1x) compared to the IN Building industry average (0.9x).


Next Steps

Future Growth

How is Kriti Industries (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kriti Industries (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kriti Industries (India) performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 526423 has high quality earnings.

Growing Profit Margin: 526423's current net profit margins (2%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: 526423's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: 526423's earnings growth over the past year (80%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: 526423 earnings growth over the past year (80%) exceeded the Building industry 1.6%.


Return on Equity

High ROE: 526423's Return on Equity (13.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kriti Industries (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 526423's short term assets (₹2.5B) exceed its short term liabilities (₹2.2B).

Long Term Liabilities: 526423's short term assets (₹2.5B) exceed its long term liabilities (₹468.8M).


Debt to Equity History and Analysis

Debt Level: 526423's debt to equity ratio (79.5%) is considered high.

Reducing Debt: 526423's debt to equity ratio has reduced from 93.9% to 79.5% over the past 5 years.

Debt Coverage: 526423's debt is well covered by operating cash flow (25%).

Interest Coverage: 526423's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: 526423 has a high level of physical assets or inventory.

Debt Coverage by Assets: 526423's debt is covered by short term assets (assets are 3.5x debt).


Next Steps

Dividend

What is Kriti Industries (India)'s current dividend yield, its reliability and sustainability?

0.76%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 526423's dividend (0.74%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 526423's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).


Stability and Growth of Payments

Stable Dividend: 526423's dividend payments have been volatile in the past 10 years.

Growing Dividend: 526423's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.1%), 526423's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average board tenure


CEO

Shiv Mehta (65yo)

₹4,632,000

Compensation

Mr. Shiv Singh Mehta, B.E., MBA is a Co-Founder of Kriti Industries (India) Ltd. and serves as its Managing Director. Mr. Mehta has been Managing Director of Kriti Industries (India), Solvent Division (AKS ...


CEO Compensation Analysis

Compensation vs Market: Shiv's total compensation ($USD64.48K) is about average for companies of similar size in the Indian market ($USD50.06K).

Compensation vs Earnings: Shiv's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Shiv Mehta
Chairman & MD0yrs₹4.63m4.09% 41.4m
Purnima Mehta
Whole-Time Director8.4yrs₹3.29m0.25% 2.6m
Rakesh Kalra
Independent & Non-Executive Director13.7yrs₹105.00kno data
Manoj Fadnis
Independent & Non-Executive Director13.7yrs₹105.00kno data
Saurabh Mehta
Additional Director2yrs₹100.00k0.061% 620.6k
Chandrasekharan Bhaskar
Independent & Non-Executive Director3.8yrs₹100.00kno data

8.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 526423's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kriti Industries (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kriti Industries (India) Limited
  • Ticker: 526423
  • Exchange: BSE
  • Founded: 1990
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹1.012b
  • Shares outstanding: 49.60m
  • Website: https://kritiindustries.com

Location

  • Kriti Industries (India) Limited
  • Brilliant Sapphire
  • 801–804, 8th Floor
  • Indore
  • Madhya Pradesh
  • 452010
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526423BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Kriti Industries (India) Limited manufactures and sells plastic products in India. The company offers RPVC pipes and fittings, casing pipes, PE coils, sprinkler systems, submersible pipes, suctions, garden pipes, SWR and drainage pipe and fittings, CPVC and plumb pipes and fittings, water tanks, micro irrigation laterals, RPVC ring fit pipes (elastromeric) and fittings, HDPE and MDPE pipes and fittings, PLB telecom ducts, and micro ducts under the Kasta brand name. It serves agriculture, building products, micro irrigation, and infrastructure sectors. The company was incorporated in 1990 and is based in Indore, India. Kriti Industries (India) Limited is a subsidiary of Sakam Trading Private Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 12:51
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.