KEW Industries Ltd - Stock Valuation and Financial Performance

BSE: 532758 | NSE: | Auto Ancillary | Small Cap

BSE Share Price
Not Listed

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KEW Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
1.6 Cr.
52-wk low:
1.1
52-wk high:
1.1

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of KEW Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
ROCE % 13.6%15.8%14.7%12.9%10%6.6%6.5%6%5.2%4.4%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 30.438.739.950.362.853.262.910047.133.922
Sales YoY Gr.-27.2%3%26.3%24.8%-15.3%18.2%59.3%-53%-28%-
Adj EPS 3.75.85.13.32.80.81.10.50.1-0-4.1
YoY Gr.-55.3%-11.8%-35.8%-14.4%-69.9%34.5%-56.6%-71.4%-114.3%-
BVPS (₹) 22.327.732.83334.238.139.740.740.940.836.7
Adj Net
Profit
1.72.734.23.81.31.70.70.20-6
Cash Flow from Ops. -2.31.12-6.10.7-11.3-1.4-3.74.92.7-
Debt/CF from Ops. -9.4199-2.521.3-1.9-19.2-9.16.111.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.2%-11.6%-18.6%-28%
Adj EPS -156%-137.3%-126.1%-114.3%
BVPS6.9%3.6%0.9%-0.3%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
Return on
Equity %
15.120.917.112.47.52.32.91.20.4-0.1-10.5
Op. Profit
Mgn %
15.917.217.11614.113.913.28.717.621.510.5
Net Profit
Mgn %
5.777.58.362.42.70.70.5-0.1-27.3
Debt to
Equity
2.11.70.90.40.30.40.50.60.50.5-
Working Cap
Days
01882072212263283512435407830
Cash Conv.
Cycle
01831951801742872961903905240

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - KEW Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -4.1 -
TTM Sales (₹ Cr.) 22.3 -
BVPS (₹.) 36.7 -
Reserves (₹ Cr.) 40 -
P/BV 0.03 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 1.05 / 1.05
All Time Low / High (₹) 0.90 / 66.00
Market Cap (₹ Cr.) 1.6
Equity (₹ Cr.) 15
Face Value (₹) 10
Industry PE 51.2

Management X-Ray of KEW Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *83.3693.1593.1593.1593.1593.1593.1575.8175.8175.81
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of KEW Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Sales30.4138.6939.8650.3362.8053.2262.91100.1947.0533.88
Operating Expenses 25.5732.0533.0442.2853.9445.8254.5991.5038.7526.61
Manufacturing Costs2.561.741.124.635.995.433.842.970.870.47
Material Costs21.3828.4527.9934.7243.5937.0948.1280.6232.2924.09
Employee Cost 0.440.342.020.540.860.780.734.442.470.72
Other Costs 1.191.521.922.393.502.521.903.473.121.33
Operating Profit 4.846.646.828.058.867.408.338.698.307.27
Operating Profit Margin (%) 15.9%17.2%17.1%16.0%14.1%13.9%13.2%8.7%17.6%21.5%
Other Income 0.690.02000000.040.070.31
Interest 2.382.212.022.042.542.933.354.364.573.84
Depreciation 1.211.421.571.822.532.622.973.243.473.58
Exceptional Items 0000000000
Profit Before Tax 1.943.033.234.193.781.852.011.140.330.17
Tax 0.200.330.25000.590.300.400.110.03
Profit After Tax 1.742.702.994.193.781.261.700.740.220.14
PAT Margin (%) 5.7%7.0%7.5%8.3%6.0%2.4%2.7%0.7%0.5%0.4%
Adjusted EPS (₹)3.75.85.13.32.80.81.10.50.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13

Equity and Liabilities

Shareholders Fund 11.5414.2420.3145.0148.0658.4660.4761.2061.4261.26
Share Capital 4.684.685.8812.8813.5315.0315.0315.0315.0315.03
Reserves 6.869.5614.4232.1334.5243.4345.4346.1746.3946.22
Minority Interest0000000000
Debt21.3921.4717.5214.8515.5221.2626.7434.2030.1829.56
Long Term Debt21.3921.4717.5214.8515.5221.2626.7418.0213.0712.53
Short Term Debt000000016.1917.1117.03
Trade Payables001.052.684.033.0647.027.888.81
Others Liabilities 2.644.104.578.419.223.714.310.981.982.43
Total Liabilities 35.5739.8143.4570.9476.8386.5095.52103.41101.45102.06

Fixed Assets

Gross Block18.5720.9923.3232.8836.2339.7843.7046.6248.6850.80
Accumulated Depreciation3.935.346.908.7111.1513.7416.6819.9223.3926.96
Net Fixed Assets14.6415.6516.4224.1725.0726.0327.0226.6925.2923.83
CWIP 0.030.010.041.022.160.010.030.3400
Investments 0.050.050.050.050.030.030.030.030.030.03
Inventories7.9711.9911.5615.7913.9219.9619.1533.8735.6438.45
Trade Receivables11.059.8413.1617.9127.7035.5639.5030.0926.0821.08
Cash Equivalents 0.330.310.412.063.580.981.031.520.730.96
Others Assets1.501.951.819.944.373.938.7610.8713.6817.71
Total Assets 35.5739.8143.4570.9476.8386.5095.52103.41101.45102.06

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Cash Flow From Operating Activity -2.271.131.95-6.060.73-11.34-1.40-3.744.942.65
PBT 1.943.033.234.193.781.852.011.140.370.17
Adjustment 3.733.873.844.205.415.796.317.958.347.10
Changes in Working Capital -5.38-3.35-2.85-12.24-3.37-16.32-6.3-7.861.64-0.37
Tax Paid -0.18-0.20-0.33-0.26-3.33-0.01-0.31-0.41-0.87-0.43
Cash Flow From Investing Activity -1.96-2.78-2.47-12.41-4.15-1.04-3.58-3.18-1.67-1.81
Capex -1.52-2.39-2.36-10.57-4.57-1.43-3.98-3.23-1.72-1.87
Net Investments 00000.0200000
Others -0.44-0.39-0.11-1.850.390.390.400.040.050.07
Cash Flow From Financing Activity 3.761.640.6120.124.949.785.027.42-4.06-0.61
Net Proceeds from Shares 0.151.55370.654.500.21-0.05-0.030
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 3.610.08-2.3913.124.295.284.817.47-4.03-0.61
Net Cash Flow -0.47-0.020.101.651.53-2.610.050.49-0.780.23
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Ratios
ROE (%)16.6723.0418.5213.588.522.432.911.220.350.23
ROCE (%)13.5815.8214.6512.8910.026.576.486.025.234.38
Asset Turnover Ratio0.91.081.020.960.930.70.711.070.50.35
PAT to CFO Conversion(x)-1.30.420.65-1.450.19-9-0.82-5.0522.4518.93
Working Capital Days
Receivable Days1269399103121203211119202242
Inventory Days9189102917910811091250380
Payable Days007202835272584126

KEW Industries Ltd Stock News

KEW Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KEW Inds. on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of KEW Inds. stood at ₹1.58.
The latest P/E ratio of KEW Inds. as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of KEW Inds. as of 01-Jan-1970 05:30 is 0.03.
The 52-week high of KEW Inds. is ₹1.05 and the 52-week low is ₹1.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KEW Inds. is ₹22.31 ( Cr.) .

About KEW Industries Ltd

The company was incorporated as KEW Industries Limited (KIL) on September 23, 1996 under the Companies Act, 1956, at Jalandhar and received the certificate of commencement of business on January 02, 2006.The campnay came with a public offer of 70,00,000 Equity Shares in 2006.

KEW is manufacturer and supplier of defense stores and automobile components for some renowned original equipment manufacturers. Presently, it enjoys the reputation of a major manufacturer of automotive components and shell bodies for ministry of defence. The company has well established its name for product range in the domestic and export market.

KEW manufactures components of Alloys Steels, SG Iron and Cast Iron for both domestic and export markets. The company has a Laboratory and Modern Research & Development Department certified by the Ministry of Science & Technology. The company gets the casting and forging process outsourced to vendors. The names of the Vendors are disclosed on Page No. 38. The machining is done in-house to achieve the required dimensions and shapes.

KIL presently performs machining functions at its manufacturing units. The machine shop is fully equipped with latest technology backed up by quality control and Research and Development unit. All the products that are being produced pass through quality test control at each stage. The Company gets other services like forging and casting outsourced.

KIL manufactures components of Alloys Steels, SG Iron and Cast Iron for both domestic and export markets. The company has well-equipped Laboratory and Modern Research & Development Department certified by the Ministry of Science & Technology. The company gets the casting and forging process outsourced to vendors. The machining is done in-house to achieve the required dimensions and shapes. The company has a list of the well-established auto players of the industry in its customer’s portfolio.

Its client portfolio includes Ashok Leyland Limited, Tata Motors, Punjab Tractors Limited, Indian Ordinance Factories under Ministry of Defence of India, Rail Coach Factory, Kapurthala.The Company started its operations to manufacture Diesel Engine Components. Since then the Company has come long way and established itself as one of the major manufacturers of Automotive components and shell bodies for bombs for Ministry of Defence.

Apart from making a formidable presence in the auto component market, KIL has been carrying out the critical business of production of Hi-Tech & sophisticated stores for country’s defence production. It produces wide range of products with great precession, accuracy, reliability and high quality standard which has always been the hallmark of the Company. KIL has created a niche for itself by demonstrating its unique expertise and capability in various spheres of production of autoparts, defence and railway components.

KIL has established itself today as one of the leading manufacturers for the automotive, railways, defence and farm sectors in India. KIL has the unique machining with in-house Laboratory and R& D facilities.

Today KIL is one of the established manufacturers of automobile components and has been catering the demand of automobile giants like Tata Motors Limited, Ashok Leyland Ltd. and Punjab Tractors Limited. Besides this the company is supplying its products to ministry of defence and railways . The company has developed many components for LHB Coaches which are being supplied to Rail Coach factory, Kapurthala.

Product range of the company includes:

Auto Components  

SG Iron Casted Products- These are used in heavy commercial vehicles and its major customers in this segment are Tata Motors and Ashok Leyland. In the international market, KIL supplies cover & Support Arm products to its clients.

Cast Iron Product- These products are used in MUV segment and ractors. The major customers in this segment are Ashok Leyland Limited & Tata Motors.

Defence - The company manufactures bombshells of 120mm and 51mm for the ministry of defence.

Railways Components - The company manufactures components viz., Control Arm, Brake Support and Axle  Box, etc. for Railways With the change in domestic and international market scenario, KIL has started diversifying its concentration towards the automobile sector. The supply orders in the automotive sector are expected to be of large quantity and steady over a long duration. Along with this, KIL will continue to cater to the demand from defense and railways.

Clientele:

The company has a list of the auto players of the industry in its customer’s portfolio. Its client portfolio includes Ashok Leyland Limited, Tata Motors, Punjab Tractors Limited, Indian Ordinance Factories under Ministry of Defence of India, Rail Coach Factory, Kapurthala.

Milestones:

  • 1963 - Commenced manufacturing of diesel engine parts and components
  • 1972 - Launch of Mono Block Pumps for agriculture and general applications
  • 1980 - KIL’s engineering facilities got recognition from Ministry of Defence, Government of India. The company gets approval as a civil manufacturer for supply of small bomb shells and other ammunition parts to ordinance factories under Ministry of Defence, Government of India.
  • 1990 - Diversification into manufacturing of tractor parts
  • 1995 - Conversion into a partnership concern
  • 1996 - Conversion into public limited company. Commenced development work in large size bombshell bodies.
  • 1998 - Setting up of unit at Focal Point, Jalandhar
  • 1999 -Chosen as the first private supplier for manufacture and supply of 155 mm bomb shells for Bofors Gun.
  • 2001 - Expansion of automotive component manufacturing unit
  • 2003 - Becomes OEM supplier to Tata Motors Limited and Ashok Leyland Limited.
  • 2004 - Commences exports of automotive components

Achievements/ recognition:

  • KEW’s engineering facilities got recognition from Ministry of Defence, Government of India. The Company gets approval as a civil manufacturer for supply of small bomb shells and other ammunition parts to ordinance factories under Ministry of Defence, Government of India.
  • Chosen as the first private supplier for manufacture and supply of 155 mm bombshells for Bofors gun.
  • The company has well-equipped Laboratory and Modern Research & Development Department certified by the Ministry of Science & Technology.
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