BSE: 0 | NSE: KALANA | Steel & Iron Products |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kalana Ispat Ltd is a below average quality company.
The key valuation ratios of Kalana Ispat Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kalana Ispat Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6.2% | 6.9% | 12.7% | 25.1% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.1 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 42.9 | 57.8 | 83 | 73.7 | 74 |
| Sales YoY Gr. | - | 34.7% | 43.8% | -11.2% | - |
| Adj EPS ⓘ | 0.2 | 0.1 | 0.8 | 2.9 | 1.8 |
| YoY Gr. | - | -22.2% | 435.7% | 282.7% | - |
| BVPS (₹) ⓘ | 7 | 7.2 | 8.1 | 13.4 | 33.3 |
| Adj Net Profit ⓘ | 0.1 | 0.1 | 0.4 | 2.3 | 2 |
| Cash Flow from Ops. ⓘ | 2.2 | -2.2 | -4.7 | 0 | - |
| Debt/CF from Ops. ⓘ | 1.2 | -1.2 | -1.8 | -122.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 19.8% | -11.2% | ||||
| Adj EPS ⓘ | NA | NA | 151.7% | 282.7% | ||||
| BVPSⓘ | NA | NA | 24.3% | 64% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.6 | 2 | 9.8 | 30.6 | 7.8 |
| Op. Profit Mgn % ⓘ | 1.6 | 1.1 | 1.5 | 5.1 | NAN |
| Net Profit Mgn % ⓘ | 0.2 | 0.1 | 0.5 | 3.2 | 3.2 |
| Debt to Equity ⓘ | 0.7 | 0.7 | 2 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 35 | 34 | 52 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -10 | 12 | 35 | 0 |
Sales growth is growing at healthy rate in last 3 years 19.82%
Net Profit is growing at healthy rate in last 3 years 151.69%
Debt to equity has declined versus last 3 years average to 0.43
Return on Equity has declined versus last 3 years average to 7.80%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.8 | - |
| TTM Sales (₹ Cr.) | 73.7 | - |
| BVPS (₹.) ⓘ | 33.3 | - |
| Reserves (₹ Cr.) ⓘ | 30 | - |
| P/BV ⓘ | 1.34 | - |
| PE ⓘ | 24.51 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 58 |
| Equity (₹ Cr.) | 13 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 22 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 42.86 | 57.75 | 83.04 | 73.73 |
| Operating Expenses ⓘ | 42.19 | 57.10 | 81.77 | 69.99 |
| Manufacturing Costs | 5.25 | 5.63 | 7.12 | 7.50 |
| Material Costs | 36.31 | 51 | 73.85 | 61.65 |
| Employee Cost | 0.31 | 0.35 | 0.44 | 0.44 |
| Other Costs ⓘ | 0.32 | 0.13 | 0.35 | 0.41 |
| Operating Profit ⓘ | 0.67 | 0.65 | 1.27 | 3.73 |
| Operating Profit Margin (%) | 1.6% | 1.1% | 1.5% | 5.1% |
| Other Income ⓘ | 0.12 | 0.18 | 0.32 | 0.22 |
| Interest ⓘ | 0.16 | 0.26 | 0.56 | 0.31 |
| Depreciation ⓘ | 0.39 | 0.38 | 0.35 | 0.38 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.23 | 0.19 | 0.68 | 3.26 |
| Tax ⓘ | 0.10 | 0.05 | 0.18 | 0.89 |
| Profit After Tax | 0.14 | 0.14 | 0.50 | 2.37 |
| PAT Margin (%) | 0.3% | 0.2% | 0.6% | 3.2% |
| Adjusted EPS (₹) | 0.3 | 0.3 | 0.9 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 3.76 | 3.90 | 4.40 | 10.82 | ||||||
| Share Capital ⓘ | 1 | 1 | 1 | 8.10 | ||||||
| Reserves ⓘ | 2.76 | 2.90 | 3.40 | 2.71 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 2.29 | 2.61 | 8.62 | 4.61 | ||||||
| Long Term Debt | 0 | 0 | 0 | 0 | ||||||
| Short Term Debt | 2.29 | 2.61 | 8.62 | 4.61 | ||||||
| Trade Payables | 5.84 | 5.20 | 2.27 | 1.63 | ||||||
| Others Liabilities ⓘ | 1.41 | 0.95 | 0.89 | 1.80 | ||||||
| Total Liabilities ⓘ | 13.31 | 12.65 | 16.17 | 18.86 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 6.39 | 6.39 | 6.66 | 6.68 | ||||||
| Accumulated Depreciation | 1.89 | 2.27 | 2.62 | 3 | ||||||
| Net Fixed Assetsⓘ | 4.50 | 4.12 | 4.04 | 3.68 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 2.10 | 3.64 | 8.64 | 5.41 | ||||||
| Trade Receivables | 1.83 | 1.66 | 1.28 | 6.19 | ||||||
| Cash Equivalents | 3.29 | 0.81 | 1.38 | 1.10 | ||||||
| Others Assetsⓘ | 1.59 | 2.42 | 0.82 | 2.49 | ||||||
| Total Assets ⓘ | 13.31 | 12.65 | 16.17 | 18.86 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.24 | -2.24 | -4.68 | -0.04 |
| PBT ⓘ | 0.23 | 0.19 | 0.68 | 3.26 |
| Adjustment ⓘ | 0.50 | 0.59 | 0.84 | 0.66 |
| Changes in Working Capital ⓘ | 1.54 | -3.03 | -6.19 | -3.69 |
| Tax Paid ⓘ | -0.03 | 0 | 0 | -0.26 |
| Cash Flow From Investing Activity ⓘ | 0.21 | 0.05 | -0.21 | 0.02 |
| Capex | 0 | 0 | -0.27 | -0.02 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.21 | 0.05 | 0.07 | 0.04 |
| Cash Flow From Financing Activityⓘ | 0.21 | -0.28 | 5.46 | -0.27 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4.05 |
| Net Proceeds from Borrowing ⓘ | -0.45 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.16 | -0.26 | -0.56 | -0.31 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.82 | -0.02 | 6.01 | -4 |
| Net Cash Flow ⓘ | 2.66 | -2.48 | 0.57 | -0.28 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.62 | 3.57 | 12.08 | 31.12 | ||||||
| ROCE (%) | 6.19 | 6.94 | 12.65 | 25.1 | ||||||
| Asset Turnover Ratio | 3.8 | 5.25 | 6.8 | 4.97 | ||||||
| PAT to CFO Conversion(x) | 16 | -16 | -9.36 | -0.02 | Working Capital Days | |||||
| Receivable Days | 13 | 9 | 5 | 16 | ||||||
| Inventory Days | 15 | 15 | 23 | 29 | ||||||
| Payable Days | 59 | 40 | 18 | 12 | ||||||
The company was originally incorporated as ‘Kalana Ispat Private Limited’, a private limited company, under the Companies Act, 1956, with a certificate of incorporation issued under the hand of the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, dated on October 15, 2012. Subsequently, the company was converted from a private limited company into a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on December 04, 2023, and consequently, the name of the Company was changed to “Kalana Ispat Limited”, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated December 21, 2023, was issued by the Registrar of Companies, Ahmedabad to the Company.
Kalana Ispat is engaged in manufacturing M.S. Billets and Alloy Steel Billets/Ingots. The company carries out its operations from its manufacturing unit located at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad. The company manufacturing facility has been duly certified in accordance with international standards of quality management systems such as ISO 2830:2012.
The company operates in two major segments, viz. Sale of Products, and Sale of Services. Under this segment, the company engages in sale of products manufactured by it and sale of traded goods. The sub-segment sale of Manufacturing Goods pertains to the sale of the products manufactured by the Company, viz. M.S. Billets and Alloy Steel Billets of various grades, these are the good manufacture by the company for sale directly to its customers on order basis. Apart from selling of the manufactured goods, the company often capitalizes on sale of traded goods, the company generally trades in goods such as iron scrap, iron ore and ingots. The company, based on the spare capacity available with it, often undertakes job work for casting of M.S. Billets and/or Alloy Steel Billets, on behalf of its client companies. When the company does not have sufficient order to the extent of installed capacity of caster, then its spare capacity of the caster is used for production on job work basis. Under the sale of services, i.e. job work segment of the company, the raw material is supplied by the clients and the company solely provides the casting services, for which it charges services cost from the client.
Business area of the company
Kalana Ispat (KIL) is primarily engaged in manufacturing of M.S. Billets and Alloy Steel Billets of various grades. The company operates in two major segments, viz. Sale of Products, and Sale of Services.
Major Events
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