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Keerthi Industries

BSE:518011
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
518011
BSE
₹505M
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Keerthi Industries Limited manufactures and sells cement and clinker in India and the United States. The last earnings update was 76 days ago. More info.


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  • Keerthi Industries has significant price volatility in the past 3 months.
518011 Share Price and Events
7 Day Returns
-3.7%
BSE:518011
-1.8%
IN Basic Materials
-1.9%
IN Market
1 Year Returns
-53%
BSE:518011
-7.2%
IN Basic Materials
-2.8%
IN Market
518011 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keerthi Industries (518011) -3.7% -4.7% -8.7% -53% -66.1% 585.5%
IN Basic Materials -1.8% 4.5% 11.7% -7.2% 29% 102.7%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 518011 underperformed the Basic Materials industry which returned -7.2% over the past year.
  • 518011 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
518011
Industry
5yr Volatility vs Market
Related Companies

518011 Value

 Is Keerthi Industries 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 Keerthi Industries 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 Keerthi Industries.

BSE:518011 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 19.4%
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 BSE:518011
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 35%) (113.19%))
1.379
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.379 * 8.6%)
19.41%

Discounted Cash Flow Calculation for BSE:518011 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Keerthi Industries 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.

BSE:518011 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.41%)
2019 170.12 Est @ 8.26% 142.47
2020 183.81 Est @ 8.04% 128.90
2021 198.32 Est @ 7.9% 116.47
2022 213.77 Est @ 7.79% 105.14
2023 230.27 Est @ 7.72% 94.84
2024 247.93 Est @ 7.67% 85.52
2025 266.86 Est @ 7.63% 77.08
2026 287.16 Est @ 7.61% 69.46
2027 308.96 Est @ 7.59% 62.58
2028 332.37 Est @ 7.58% 56.38
Present value of next 10 years cash flows ₹938.85
BSE:518011 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹332.37 × (1 + 7.55%) ÷ (19.41% – 7.55%)
₹3,013.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,013.53 ÷ (1 + 19.41%)10
₹511.21
BSE:518011 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹938.85 + ₹511.21
₹1,450.05
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,450.05 / 8.02
₹180.88
BSE:518011 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹180.88
Current discount Discount to share price of ₹63.00
= -1 x (₹63.00 - ₹180.88) / ₹180.88
65.2%

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

Current Discount
Amount off the current price Keerthi Industries is available for.
Intrinsic value
>50%
Share price is ₹63 vs Future cash flow value of ₹180.88
Current Discount Checks
For Keerthi Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Keerthi Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Keerthi Industries'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 Keerthi Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keerthi Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:518011 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹0.82
BSE:518011 Share Price ** BSE (2019-04-22) in INR ₹63
India Basic Materials Industry PE Ratio Median Figure of 50 Publicly-Listed Basic Materials Companies 20.39x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of Keerthi Industries.

BSE:518011 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:518011 Share Price ÷ EPS (both in INR)

= 63 ÷ 0.82

76.5x

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

  • Keerthi Industries is overvalued based on earnings compared to the IN Basic Materials industry average.
  • Keerthi Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Keerthi Industries's expected growth come at a high price?
Raw Data
BSE:518011 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 76.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.7%per year
India Basic Materials Industry PEG Ratio Median Figure of 22 Publicly-Listed Basic Materials Companies 1.6x
India Market PEG Ratio Median Figure of 586 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 Keerthi Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Keerthi Industries's assets?
Raw Data
BSE:518011 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹74.84
BSE:518011 Share Price * BSE (2019-04-22) in INR ₹63
India Basic Materials Industry PB Ratio Median Figure of 64 Publicly-Listed Basic Materials Companies 1.38x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:518011 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:518011 Share Price ÷ Book Value per Share (both in INR)

= 63 ÷ 74.84

0.84x

* Primary Listing of Keerthi Industries.

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

  • Keerthi Industries is good value based on assets compared to the IN Basic Materials industry average.
X
Value checks
We assess Keerthi Industries'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Keerthi Industries has a total score of 3/6, 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.

518011 Future Performance

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

  • No analysts cover Keerthi Industries, future earnings growth has been estimated based on fundamentals.
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
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keerthi Industries expected to grow at an attractive rate?
  • Keerthi Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Keerthi Industries's earnings growth is positive but not above the India market average.
  • Unable to compare Keerthi Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:518011 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:518011 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.7%
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 20.8%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 8.6%
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
BSE:518011 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.
BSE:518011 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,780 7
2018-09-30 1,810 31
2018-06-30 1,778 35
2018-03-31 1,926 261 80
2017-12-31 1,915 83
2017-09-30 2,002 150
2017-06-30 2,172 179
2017-03-31 1,983 337 114
2016-12-31 1,829 46
2016-09-30 1,667 38
2016-06-30 1,371 56
2016-03-31 1,826 254 191

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keerthi Industries's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Keerthi Industries 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
BSE:518011 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 Keerthi Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:518011 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 0.82
2018-09-30 3.90
2018-06-30 4.32
2018-03-31 9.92
2017-12-31 10.35
2017-09-30 18.66
2017-06-30 22.30
2017-03-31 14.21
2016-12-31 5.62
2016-09-30 4.59
2016-06-30 6.76
2016-03-31 23.84

*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 Keerthi Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Keerthi Industries'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.
Keerthi Industries has a total score of 1/6, 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.

518011 Past Performance

  How has Keerthi Industries 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 Keerthi Industries's growth in the last year to its industry (Basic Materials).
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.
  • Keerthi Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Keerthi Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Keerthi Industries's 1-year earnings growth is negative, it can't be compared to the IN Basic Materials industry average.
Earnings and Revenue History
Keerthi Industries'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 Keerthi Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:518011 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 1,780.15 6.60 149.09
2018-09-30 1,809.70 31.27 146.62
2018-06-30 1,778.10 34.64 144.83
2018-03-31 1,925.93 79.53 144.03
2017-12-31 1,915.36 82.99 140.63
2017-09-30 2,001.81 149.58 143.11
2017-06-30 2,172.19 179.11 141.05
2017-03-31 1,982.73 113.93 140.53
2016-12-31 1,828.59 46.11 133.23
2016-09-30 1,666.57 37.85 125.61
2016-06-30 1,371.32 56.15 121.78
2016-03-31 1,826.40 191.12 114.34
2015-12-31 1,901.65 442.31 115.58
2015-09-30 1,914.05 421.88 110.84
2015-06-30 1,814.79 381.20 106.33
2015-03-31 1,529.15 180.66 96.21
2014-12-31 1,346.36 -63.99 98.25
2014-09-30 1,259.94 -137.24 99.70
2014-06-30 1,214.17 -189.67 101.62
2014-03-31 1,250.67 -188.44 103.52
2013-12-31 1,153.02 -284.21 111.04
2013-09-30 1,142.71 -285.47 114.71
2013-06-30 1,099.23 -298.63 111.97
2013-03-31 1,076.93 -253.50 107.39
2012-12-31 1,309.37 -136.42 113.59
2012-09-30 1,413.24 -78.88 102.96
2012-06-30 1,614.53 29.84 117.25

*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.
  • Keerthi Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keerthi Industries used its assets less efficiently than the IN Basic Materials industry average last year based on Return on Assets.
  • It is difficult to establish if Keerthi Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Keerthi Industries'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 Basic Materials 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.
Keerthi Industries has a total score of 1/6, 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.

518011 Health

 How is Keerthi Industries'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 Keerthi Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keerthi Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Keerthi Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Keerthi Industries'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.
  • Debt is not covered by short term assets, assets are 0.6x debt.
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 Keerthi Industries Company Filings, last reported 3 months ago.

BSE:518011 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 600.01 571.65 45.39
2018-09-30 600.01 571.65 45.39
2018-06-30 569.89 585.20 103.43
2018-03-31 569.89 626.73 88.33
2017-12-31 573.76 648.06 121.68
2017-09-30 573.76 648.06 121.68
2017-06-30 730.70 647.72 136.55
2017-03-31 493.55 665.08 75.34
2016-12-31 655.91 622.34 80.53
2016-09-30 655.91 622.34 80.53
2016-06-30 597.51 718.12 31.84
2016-03-31 597.51 771.83 31.84
2015-12-31 610.06 589.57 30.10
2015-09-30 610.06 589.57 30.10
2015-06-30 398.40 731.21 34.12
2015-03-31 398.40 731.21 34.12
2014-12-31 152.49 738.59 28.70
2014-09-30 152.49 738.59 28.70
2014-06-30 220.52 805.06 27.12
2014-03-31 220.52 805.06 27.12
2013-12-31 320.21 767.06 28.01
2013-09-30 320.21 767.06 28.01
2013-06-30 400.96 765.31 25.67
2013-03-31 400.96 766.75 25.67
2012-12-31 612.69 670.07 26.21
2012-09-30 612.69 670.07 26.21
2012-06-30 661.47 776.86 31.44
  • Keerthi Industries's level of debt (95.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (240.5% vs 95.3% today).
  • Debt is well covered by operating cash flow (45.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Keerthi Industries's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Keerthi Industries'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. Keerthi Industries has a total score of 3/6, 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.

518011 Dividends

 What is Keerthi Industries'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
1.43%
Current annual income from Keerthi Industries dividends.
If you bought ₹2,000 of Keerthi Industries shares you are expected to receive ₹29 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?
  • Keerthi Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Keerthi Industries's dividend is below the markets top 25% of dividend payers in India (1.95%).
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
BSE:518011 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 Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 38 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 2%

Industry and Market average data is calculated daily.

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

BSE:518011 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-10-05 0.900 1.440
2018-05-30 0.900 0.938

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

  • It is too early to tell whether Keerthi Industries has stable dividend payments.
  • Keerthi Industries only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Keerthi Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
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 Keerthi Industries'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 Keerthi Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keerthi Industries has a total score of 1/6, see the detailed checks below.


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

518011 Management

 What is the CEO of Keerthi Industries'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
Seshagiri Jasti
COMPENSATION ₹4,800,000
AGE 65
TENURE AS CEO 8.9 years
CEO Bio

Mr. Seshagiri Rao Jasti serves as the Managing Director of Hyderabad Flextech Ltd. Mr. Jasti has been the Managing Director Keerthi Industries Limited since May 11, 2010 and served as its Chief Financial Officer from January 28, 2017 to March 31, 2018. Mr. Jasti served as a Compliance Officer of Keerthi Industries Limited. He has over 2 decades of experience. He serves as an Executive Director of Keerthi Industries Limited; Hyderabad Flextech Limited; Hyderabad Bottling Company Ltd.; Kakatiya Cement Sugar & Industries Limited; JSK Holding Pvt. Ltd.; S.Vijaya Estates & Holding Pvt. Ltd.; Sri Venkateswara Crowns Pvt. Ltd.; Triveni Capital Leasing & Investment Pvt. Ltd.; S.Stypack Agri Exports (P) Limited and JSK Aqua Minerals Pvt. Ltd. He served as a Director of Kakatiya Textiles Ltd. until June 30, 2006. He holds B.E.

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

Average tenure and age of the Keerthi Industries management team in years:

4.5
Average Tenure
57
Average Age
  • The tenure for the Keerthi Industries management team is about average.
Management Team

Jasti Triveni

TITLE
Executive Chairperson
COMPENSATION
₹7M
AGE
57

J. Govardhini

TITLE
Chief Operating Officer
AGE
33
TENURE
7.9 yrs

M. Vasantha kumar

TITLE
Vice President of W
AGE
58

J. Rao

TITLE
Senior Deputy General Manager of P&QC
COMPENSATION
₹7M
AGE
55

Seshagiri Jasti

TITLE
MD & Executive Director
COMPENSATION
₹5M
AGE
65
TENURE
8.9 yrs

Y. Rao

TITLE
Chief Financial Officer
TENURE
1 yrs

Akriti Sharma

TITLE
Company Secretary & Compliance Officer
TENURE
0.7 yrs

K. Rao

TITLE
Assistant General Manager of Sales
AGE
57
Board of Directors Tenure

Average tenure and age of the Keerthi Industries board of directors in years:

13
Average Tenure
65
Average Age
  • The average tenure for the Keerthi Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jasti Triveni

TITLE
Executive Chairperson
COMPENSATION
₹7M
AGE
57
TENURE
8.9 yrs

Seshagiri Jasti

TITLE
MD & Executive Director
COMPENSATION
₹5M
AGE
65

Boddu Subbaiah

TITLE
Independent Director
COMPENSATION
₹53K
AGE
88
TENURE
14.3 yrs

Kanuri Prasad

TITLE
Independent Director
COMPENSATION
₹58K
AGE
66
TENURE
13 yrs

Sivaram Jetty

TITLE
Non-Executive Independent Director
COMPENSATION
₹40K
AGE
58
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 Keerthi Industries'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. Keerthi Industries 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.

518011 News

Simply Wall St News

518011 Company Info

Description

Keerthi Industries Limited manufactures and sells cement and clinker in India and the United States. It operates through three segments: Cement, Electronics, and Power. The company manufactures and sells cement under the Suvarna brand. It also manufactures and sells printed circuit boards; and generates wind power. The company was formerly known as Suvarna Cements Limited and changed its name to Keerthi Industries Limited in 2005. Keerthi Industries Limited was incorporated in 1982 and is headquartered in Hyderabad, India.

Details
Name: Keerthi Industries Limited
518011
Exchange: BSE
Founded: 1982
₹505,054,494
8,016,738
Website: http://www.keerthiindustries.com
Address: Keerthi Industries Limited
Plot No. 40,
IDA, Balanagar,
Hyderabad,
Andhra Pradesh, 500037,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 518011 Equity Shares Mumbai Stock Exchange IN INR 30. Jun 2005
Number of employees
Current staff
Staff numbers
249
Keerthi Industries employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:32
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2019/02/07
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.