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INIL

International Industries KASE:INIL Stock Report

Last Price

PK₨96.11

Market Cap

PK₨12.7b

7D

-7.8%

1Y

-42.2%

Updated

24 Sep, 2022

Data

Company Financials
INIL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

INIL Stock Overview

International Industries Limited manufactures and markets galvanized steel pipes, precision steel tubes, API line pipes, and polymer pipes and fittings in Pakistan, rest of Asia, Europe, Australia, Africa, and the Americas.

International Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for International Industries
Historical stock prices
Current Share PricePK₨96.11
52 Week HighPK₨181.40
52 Week LowPK₨90.50
Beta1.3
1 Month Change-12.01%
3 Month Change-2.95%
1 Year Change-42.19%
3 Year Change39.51%
5 Year Change-63.57%
Change since IPO1,701.12%

Recent News & Updates

Shareholder Returns

INILPK Metals and MiningPK Market
7D-7.8%-5.5%-2.4%
1Y-42.2%-37.2%-16.3%

Return vs Industry: INIL underperformed the PK Metals and Mining industry which returned -37.2% over the past year.

Return vs Market: INIL underperformed the PK Market which returned -15.8% over the past year.

Price Volatility

Is INIL's price volatile compared to industry and market?
INIL volatility
INIL Average Weekly Movement4.6%
Metals and Mining Industry Average Movement5.4%
Market Average Movement4.9%
10% most volatile stocks in PK Market7.8%
10% least volatile stocks in PK Market3.2%

Stable Share Price: INIL is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: INIL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19481,661Sohail Bhojanihttps://www.iil.com.pk

International Industries Limited manufactures and markets galvanized steel pipes, precision steel tubes, API line pipes, and polymer pipes and fittings in Pakistan, rest of Asia, Europe, Australia, Africa, and the Americas. The company provides galvanized iron pipes for the transmission of potable water, natural gas, oil, and other fluids, as well as in fencing, hand pumps, shelters, and general fabrication industries; hollow structural sections for construction of buildings, bridges, pedestrian walkways, stadiums, and other structures; and MS pipes and black pipes various application, such as pressure lines, power stations, water supply, steel constructions, fencing, ship building, bridges and buildings, and mechanical components. It also offers pre-galvanized tubes for fence work; API line pipes for natural gas and petroleum distribution systems; scaffolding pipes for scaffolding projects; L-T-Z-D profiles for low-cost housing, as well as door, window, and gate fabrication; cold rolled steel tubes for various applications, including automotive, motorcycles, bicycles, transformers, fans, furniture, and tents; and fire fighting pipes for specialized water transmission.

International Industries Fundamentals Summary

How do International Industries's earnings and revenue compare to its market cap?
INIL fundamental statistics
Market CapPK₨12.68b
Earnings (TTM)PK₨2.42b
Revenue (TTM)PK₨121.74b

5.2x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INIL income statement (TTM)
RevenuePK₨121.74b
Cost of RevenuePK₨105.37b
Gross ProfitPK₨16.37b
Other ExpensesPK₨13.95b
EarningsPK₨2.42b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)18.38
Gross Margin13.45%
Net Profit Margin1.99%
Debt/Equity Ratio109.6%

How did INIL perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is INIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INIL?

Other financial metrics that can be useful for relative valuation.

INIL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA4.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does INIL's PE Ratio compare to its peers?

INIL PE Ratio vs Peers
The above table shows the PE ratio for INIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.9x
ASTL Amreli Steels
3.5x7.4%PK₨7.8b
MUGHAL Mughal Iron & Steel Industries
3.8x18.1%PK₨21.1b
ISL International Steels
4.4x7.6%PK₨23.8b
AGHA Agha Steel Industries
4xn/aPK₨8.5b
INIL International Industries
5.2xn/aPK₨12.7b

Price-To-Earnings vs Peers: INIL is expensive based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (3.9x).


Price to Earnings Ratio vs Industry

How does INIL's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

Price-To-Earnings vs Industry: INIL is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Asian Metals and Mining industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is INIL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate INIL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of INIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INIL (PKR96.11) is trading above our estimate of fair value (PKR58.93)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.8%

Forecasted Materials 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 International Industries 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.


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Past Performance

How has International Industries performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: INIL has high quality earnings.

Growing Profit Margin: INIL's current net profit margins (2%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: INIL's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: INIL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INIL had negative earnings growth (-55.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (34.5%).


Return on Equity

High ROE: INIL's Return on Equity (14.2%) is considered low.


Discover strong past performing companies

Financial Health

How is International Industries's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: INIL's short term assets (PKR57.0B) exceed its short term liabilities (PKR49.2B).

Long Term Liabilities: INIL's short term assets (PKR57.0B) exceed its long term liabilities (PKR6.6B).


Debt to Equity History and Analysis

Debt Level: INIL's net debt to equity ratio (106%) is considered high.

Reducing Debt: INIL's debt to equity ratio has reduced from 120.8% to 109.6% over the past 5 years.

Debt Coverage: INIL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: INIL's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


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Dividend

What is International Industries's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: INIL's dividend (8.32%) is higher than the bottom 25% of dividend payers in the PK market (3.72%).

High Dividend: INIL's dividend (8.32%) is low compared to the top 25% of dividend payers in the PK market (11.41%).


Stability and Growth of Payments

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

Growing Dividend: INIL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.5%), INIL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: INIL is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Sohail Bhojani

1.33yrs

Tenure

Mr. Sohail R. Bhojani has been Chief Executive Officer of International Industries Limited since May 1, 2021 and also serves as its Director since 2021. He serves as the Chief Executive Officer of IIL Aust...


Leadership Team

Experienced Management: INIL's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: INIL's board of directors are considered experienced (3.3 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

Top 14 shareholders own 32.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.23%
Mustapha Chinoy
17,444,592PKR1.7b0%no data
10.92%
Kamal Chinoy
14,402,700PKR1.4b0%no data
2.55%
Al Meezan Investment Management Limited
3,358,710PKR322.8m0%0.78%
1.52%
NBP Fund Management Limited
2,008,800PKR193.1m0%0.62%
1.31%
MCB-Arif Habib Savings and Investments Limited
1,728,600PKR166.1m0%0.55%
0.61%
UBL Fund Managers Limited
804,020PKR77.3m0%0.37%
0.59%
Pakistan Cables Limited Employees Provident Fund
777,325PKR74.7m0%no data
0.45%
Jubilee General Insurance Company Limited, Asset Management Arm
592,100PKR56.9m0%17.42%
0.44%
Pakistan Cables Limited
576,000PKR55.4m0%no data
0.3%
Atlas Asset Management Limited
390,200PKR37.5m0%0.34%
0.26%
HBL Asset Management Limited
339,000PKR32.6m0%0.25%
0.071%
Alfalah GHP Investment Management Limited
94,049PKR9.0m0%0.2%
0.013%
AKD Investment Management Limited
17,250PKR1.7m0%0.03%
0.0065%
ABL Asset Management Company Limited
8,500PKR816.9k0%0.01%

Company Information

International Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: International Industries Limited
  • Ticker: INIL
  • Exchange: KASE
  • Founded: 1948
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: PK₨12.675b
  • Shares outstanding: 131.88m
  • Website: https://www.iil.com.pk

Number of Employees


Location

  • International Industries Limited
  • 101 Beaumont Plaza
  • 10 Beaumont Road
  • Karachi
  • 75530
  • Pakistan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INILKASE (Pakistan Stock Exchange Limited)YesOrdinary SharesPKPKROct 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.