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Khaitan Electricals

NSEI:KHAITANELE
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KHAITANELE
NSEI
₹134M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Khaitan Electricals Limited manufactures and sells electrical goods in India. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
  • Khaitan Electricals has significant price volatility in the past 3 months.
KHAITANELE Share Price and Events
7 Day Returns
-2.5%
NSEI:KHAITANELE
-1%
IN Consumer Durables
-1.2%
IN Market
1 Year Returns
-
NSEI:KHAITANELE
-14.1%
IN Consumer Durables
-2.5%
IN Market
KHAITANELE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Khaitan Electricals (KHAITANELE) -2.5% -48.7% -64.7% - -89.2% -90.3%
IN Consumer Durables -1% 0.8% 4.2% -14.1% 54.9% 251.7%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • No trading data on KHAITANELE.
  • No trading data on KHAITANELE.
Price Volatility
KHAITANELE
Industry
5yr Volatility vs Market

KHAITANELE Value

 Is Khaitan Electricals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Khaitan Electricals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Khaitan Electricals.

NSEI:KHAITANELE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:KHAITANELE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 35%) (2526.25%))
11.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:KHAITANELE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Khaitan Electricals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:KHAITANELE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 301.81 Est @ 11.52% 241.93
2020 332.99 Est @ 10.33% 213.97
2021 364.61 Est @ 9.5% 187.80
2022 397.10 Est @ 8.91% 163.96
2023 430.87 Est @ 8.5% 142.61
2024 466.27 Est @ 8.22% 123.71
2025 503.66 Est @ 8.02% 107.11
2026 543.33 Est @ 7.88% 92.63
2027 585.59 Est @ 7.78% 80.03
2028 630.74 Est @ 7.71% 69.10
Present value of next 10 years cash flows ₹1,422.84
NSEI:KHAITANELE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹630.74 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹3,943.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,943.98 ÷ (1 + 24.75%)10
₹432.05
NSEI:KHAITANELE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,422.84 + ₹432.05
₹1,854.88
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,854.88 / 10.20
₹181.85
NSEI:KHAITANELE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:KHAITANELE represents 0.30153x of BSE:504269
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.30153x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 181.85 x 0.30153
₹54.83
Value per share (INR) From above. ₹54.83
Current discount Discount to share price of ₹3.95
= -1 x (₹3.95 - ₹54.83) / ₹54.83
92.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Khaitan Electricals is available for.
Intrinsic value
>50%
Share price is ₹3.95 vs Future cash flow value of ₹54.83
Current Discount Checks
For Khaitan Electricals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Khaitan Electricals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Khaitan Electricals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Khaitan Electricals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Khaitan Electricals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:KHAITANELE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-23.53
BSE:504269 Share Price ** BSE (2019-04-23) in INR ₹13.1
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.99x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Khaitan Electricals.

NSEI:KHAITANELE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:504269 Share Price ÷ EPS (both in INR)

= 13.1 ÷ -23.53

-0.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Khaitan Electricals is loss making, we can't compare its value to the IN Consumer Durables industry average.
  • Khaitan Electricals is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Khaitan Electricals's expected growth come at a high price?
Raw Data
NSEI:KHAITANELE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 2.21x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Khaitan Electricals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Khaitan Electricals's assets?
Raw Data
NSEI:KHAITANELE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-328.67
BSE:504269 Share Price * BSE (2019-04-23) in INR ₹13.1
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.77x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:KHAITANELE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:504269 Share Price ÷ Book Value per Share (both in INR)

= 13.1 ÷ -328.67

-0.04x

* Primary Listing of Khaitan Electricals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Khaitan Electricals has negative assets, we can't compare the value of its assets to the IN Consumer Durables industry average.
X
Value checks
We assess Khaitan Electricals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Khaitan Electricals has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KHAITANELE Future Performance

 How is Khaitan Electricals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Khaitan Electricals 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.5%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Khaitan Electricals expected to grow at an attractive rate?
  • Unable to compare Khaitan Electricals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Khaitan Electricals's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Khaitan Electricals's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:KHAITANELE Future Growth Rates Data Sources
Data Point Source Value (per year)
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:KHAITANELE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:KHAITANELE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 87 -272
2018-09-30 126 -226
2018-06-30 223 -366
2018-03-31 379 349 -458
2017-12-31 434 -1,611
2017-09-30 617 -2,310
2017-06-30 688 -2,900
2017-03-31 723 62 -2,988
2016-12-31 1,441 -2,353
2016-09-30 1,750 -1,709
2016-06-30 2,176 -1,092
2016-03-31 2,807 193 -946

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Khaitan Electricals is high growth as no earnings estimate data is available.
  • Unable to determine if Khaitan Electricals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:KHAITANELE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Khaitan Electricals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KHAITANELE Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -23.53
2018-09-30 -19.69
2018-06-30 -31.82
2018-03-31 -39.83
2017-12-31 -140.46
2017-09-30
2017-06-30 -252.29
2017-03-31 -259.81
2016-12-31 -204.57
2016-09-30 -148.62
2016-06-30 -94.95
2016-03-31 -82.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Khaitan Electricals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of KHAITANELE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Khaitan Electricals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Khaitan Electricals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Khaitan Electricals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Khaitan Electricals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KHAITANELE Past Performance

  How has Khaitan Electricals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Khaitan Electricals's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Khaitan Electricals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Khaitan Electricals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Khaitan Electricals's 1-year growth to the IN Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Khaitan Electricals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Khaitan Electricals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KHAITANELE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 87.29 -271.83 80.52
2018-09-30 126.25 -226.42 83.37
2018-06-30 222.83 -365.94 71.95
2018-03-31 378.54 -457.99 110.76
2017-12-31 433.77 -1,610.72 131.50
2017-09-30 616.73 -2,310.23 161.74
2017-06-30 687.66 -2,899.84 189.95
2017-03-31 723.43 -2,987.79 223.80
2016-12-31 1,441.13 -2,352.60 289.14
2016-09-30 1,750.10 -1,709.08 290.72
2016-06-30 2,175.94 -1,091.97 216.74
2016-03-31 2,806.99 -946.12 316.08
2015-12-31 3,435.81 -392.83 843.16
2015-09-30 3,701.59 -454.57 867.47
2015-06-30 3,871.05 -509.58 871.71
2015-03-31 4,270.93 -489.17 345.23
2014-12-31 4,438.16 -569.90 987.34
2014-09-30 4,869.17 -450.17 988.67
2014-06-30 5,166.64 -251.60 992.02
2014-03-31 5,115.48 -166.19 990.43
2013-12-31 5,311.36 55.75 895.25
2013-09-30 5,412.08 116.51 890.17
2013-06-30 5,300.13 115.13 880.54
2013-03-31 5,081.64 81.21 918.44
2012-12-31 4,813.74 -119.12 825.02
2012-09-30 4,645.35 -191.86 819.33
2012-06-30 4,492.80 -194.68 812.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Khaitan Electricals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Khaitan Electricals has efficiently used its assets last year compared to the IN Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Khaitan Electricals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Khaitan Electricals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Khaitan Electricals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KHAITANELE Health

 How is Khaitan Electricals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Khaitan Electricals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Khaitan Electricals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Khaitan Electricals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Khaitan Electricals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Khaitan Electricals has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Khaitan Electricals Company Filings, last reported 3 months ago.

NSEI:KHAITANELE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -4,026.15 3,375.58 41.58
2018-09-30 -4,026.15 3,375.58 41.58
2018-06-30 -3,925.61 3,267.72 41.14
2018-03-31 -3,925.60 3,738.52 3.68
2017-12-31 -3,760.15 3,471.29 40.22
2017-09-30 -3,760.15 3,471.29 40.22
2017-06-30 -3,428.03 3,754.40 61.76
2017-03-31 -3,478.03 3,804.40 8.86
2016-12-31 -1,449.83 3,335.61 69.65
2016-09-30 -1,449.83 3,335.61 69.65
2016-06-30 -450.21 3,132.93 124.12
2016-03-31 -450.21 3,209.09 124.12
2015-12-31 174.83 3,360.70 163.56
2015-09-30 174.83 3,360.70 163.56
2015-06-30 445.91 3,158.25 215.92
2015-03-31 445.91 3,158.25 215.92
2014-12-31 663.82 2,915.21 220.21
2014-09-30 663.82 2,915.21 220.21
2014-06-30 935.09 2,860.42 271.94
2014-03-31 935.09 2,860.42 271.94
2013-12-31 1,113.99 2,732.15 239.47
2013-09-30 1,113.99 2,732.15 239.47
2013-06-30 1,101.28 2,451.85 244.84
2013-03-31 1,101.28 2,451.85 244.84
2012-12-31 997.48 2,508.18 167.42
2012-09-30 997.48 2,508.18 167.42
2012-06-30 1,020.06 2,608.72 204.13
  • Khaitan Electricals has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Khaitan Electricals's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Khaitan Electricals has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Khaitan Electricals has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -46.7% per year.
X
Financial health checks
We assess Khaitan Electricals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Khaitan Electricals has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KHAITANELE Dividends

 What is Khaitan Electricals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Khaitan Electricals dividends.
If you bought ₹2,000 of Khaitan Electricals shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Khaitan Electricals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Khaitan Electricals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:KHAITANELE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:KHAITANELE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2013-05-29 0.000 0.000
2013-02-15 0.000 0.000
2012-11-12 0.000 0.000
2012-08-14 0.000 0.000
2012-05-30 0.000 0.000
2011-10-05 1.500 1.921
2010-02-01 0.000 0.000
2009-10-15 0.000 0.000
2009-08-03 0.000 0.000
2009-07-01 0.000 0.000
2009-06-30 0.000 0.000
2009-04-24 2.000 3.032

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Khaitan Electricals has not reported any payouts.
  • Unable to verify if Khaitan Electricals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Khaitan Electricals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Khaitan Electricals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Khaitan Electricals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Khaitan Electricals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Khaitan Electricals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KHAITANELE Management

 What is the CEO of Khaitan Electricals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sunil Khaitan
COMPENSATION ₹4,096,480
AGE 58
TENURE AS CEO 20.4 years
CEO Bio

Mr. Sunil Krishna Khaitan, B.Com, MBA, has been the Managing Director at Khaitan Electricals Limited since November 1998. Mr. Khaitan has been the Managing Director of Shalimar Wires Industries Ltd. since April 1,2008. He is In Charge of overall management of Shalimar Wires Industries Ltd. He has 27 years of overall experience in the industry. He has been the Chairman of Shalimar Wires Industries Ltd. since October 23, 2009. He has been the Chairman of Khaitan Electricals Limited since November 10, 2012 and served as its Vice Chairman from November 1998 to November 10, 2012. He served as the Chairman of Khaitan (India) Ltd. until August 12, 2016. He served as a Vice Chairman of Khaitan (India) Ltd. He has been an Executive Director of Khaitan Electricals since July 2, 2008 and a Director of Shalimar Wires Industries Ltd., since September 12, 2000. He serves as a Director of Shalimar Industries Ltd., SWIL International Pte Ltd. and Reliance Sheet Works Pvt. Ltd. He served as a Director of Khaitan (India) Ltd., since March 20, 1990 until August 12, 2016. He served as a Director at Sunil Healthcare Ltd., until January 31, 2006. Mr. Khaitan holds a Bachelor of Commerce and MBA.

CEO Compensation
  • Sunil's compensation has been consistent with company performance over the past year.
  • Sunil's remuneration is higher than average for companies of similar size in India.
Management Team

Sunil Khaitan

TITLE
Chairman & MD
COMPENSATION
₹4M
AGE
58
TENURE
20.4 yrs

Amit Choraria

TITLE
Vice President of Finance and Corporate Affairs
COMPENSATION
₹211K
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Khaitan Electricals board of directors in years:

1.8
Average Tenure
53
Average Age
  • The average tenure for the Khaitan Electricals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sunil Khaitan

TITLE
Chairman & MD
COMPENSATION
₹4M
AGE
58
TENURE
6.4 yrs

Gairik Banerjee

TITLE
Independent Director
AGE
53
TENURE
1.8 yrs

Sujata Chatterjee

TITLE
Non-Executive Independent Additional Director
AGE
46
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Khaitan Electricals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Khaitan Electricals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KHAITANELE News

Simply Wall St News

How Should Investors React To Khaitan Electricals Limited's (NSE:KHAITANELE) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sunil Khaitan's Compensation Compare With Similar Sized Companies. … Our data indicates that Khaitan Electricals Limited is worth ₹163m, and total annual CEO compensation is ₹4.1m.

Simply Wall St -

Does Khaitan Electricals Limited's (NSE:KHAITANELE) CEO Salary Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sunil Khaitan's Compensation Compare With Similar Sized Companies. … It would therefore appear that Khaitan Electricals Limited pays Sunil Khaitan more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

How Does Khaitan Electricals Limited (NSE:KHAITANELE) Affect Your Portfolio Returns?

If you are a shareholder in Khaitan Electricals Limited’s (NSE:KHAITANELE), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Generally, an investor should consider two types of risk that impact the market value of KHAITANELE. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

Is Khaitan Electricals Limited (NSE:KHAITANELE) Growing Too Fast?

See our latest analysis for Khaitan Electricals What is cash burn? … With a negative operating cash flow of -₹116.53M, Khaitan Electricals is chipping away at its ₹40.22M cash reserves in order to run its business. … How fast Khaitan Electricals runs down its cash supply over time is known as the cash burn rate.

Simply Wall St -

Who Are The Major Shareholders Of Khaitan Electricals Limited (NSE:KHAITANELE)?

While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies if it aligns with other large shareholders. … Private Company Ownership Another group of owners that a potential investor in KHAITANELE should consider are private companies, with a stake of 55.30%. … Thus, investors should dig deeper into KHAITANELE's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in KHAITANELE is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

How Much Did Khaitan Electricals Limited's (NSE:KHAITANELE) CEO Pocket Last Year?

Sunil Khaitan took the helm as Khaitan Electricals Limited's (NSEI:KHAITANELE) CEO and grew market cap to ₹125.97M recently. … In the past year, KHAITANELE delivered negative earnings of -₹1.61B. … Usually I would look at market cap and earnings as a proxy for performance, however, KHAITANELE's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Are Earnings Prospects Improving For Loss-Making Khaitan Electricals Limited's (NSE:KHAITANELE)?

See our latest analysis for Khaitan Electricals How Did KHAITANELE's Recent Performance Stack Up Against Its Past? … For Khaitan Electricals, its latest earnings (trailing twelve month) is -₹1.61B, which compared to last year’s figure, has become less negative. … Each year, for the past half a decade Khaitan Electricals has seen an annual decline in revenue of -17.89%, on average.

Simply Wall St -

How Does Khaitan Electricals Limited (NSE:KHAITANELE) Affect Your Portfolio Returns?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … I test KHAITANELE’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … Thus, we can expect KHAITANELE to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

Does Khaitan Electricals Limited (NSE:KHAITANELE) Need To Raise More Cash?

Looking at Khaitan Electricals’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … The measure of how fast Khaitan Electricals goes through its cash reserves over time is called the cash burn rate. … However, even with declining costs, the current level of cash is not enough to sustain Khaitan Electricals’s operations and the company may need to come to market to raise more capital within the year.

Simply Wall St -

Does Khaitan Electricals Limited's (NSE:KHAITANELE) CEO Pay Compared Well With Peers?

Check out our latest analysis for Khaitan Electricals What has KHAITANELE performance been like? … Usually I'd use market cap and profit as factors determining performance, however, KHAITANELE's negative earnings lower the effectiveness of this method. … On the whole, though KHAITANELE is loss-making, it seems like the CEO’s pay is appropriate.

Simply Wall St -

KHAITANELE Company Info

Description

Khaitan Electricals Limited manufactures and sells electrical goods in India. The company offers ceiling, table, pedestal, wall/cabin, freshair, and coolair fans; industrial products comprising HD exhaust fans, air circulators, man coolers, and axial flow fans; and leon products, including ELD-retrofit, ELT-retrofit, ELQ-retrofit, spiral-retrofit, PL/PLC-non retrofit, T5 complete fitting, and LED bulbs, as well as consumer luminaries. It also provides appliances, such as juicer mixer grinders, mixer grinders, hand blenders, electric kettles, toasters, sandwich toasters, induction cockers, rice cookers, pressure cookers, steam and dry irons, emergency lamps, room and water heaters, immersion heaters, and air coolers; and domestic and agricultural pumps. In addition, the company exports its products to the Middle East countries, the United Arab Emirates, Ghana, Yemen, Uganda, Iraq, Nepal, Bangladesh, Sri Lanka, etc. Khaitan Electricals Limited was incorporated in 1975 and is based in Kolkata, India.

Details
Name: Khaitan Electricals Limited
KHAITANELE
Exchange: NSEI
Founded: 1975
₹133,620,000
10,200,000
Website: http://www.khaitan.com
Address: Khaitan Electricals Limited
Everest House,
20th Floor,
Kolkata,
West Bengal, 700071,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 504269 Equity Shares Mumbai Stock Exchange IN INR 24. Jul 1995
NSEI KHAITANELE Equity Shares National Stock Exchange of India IN INR 24. Jul 1995
Number of employees
Current staff
Staff numbers
91
Khaitan Electricals employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:49
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.