Kinetic Engineering Ltd - Stock Valuation and Financial Performance

BSE: 500240 | NSE: KINETICENG | Auto Ancillary | Small Cap

Kinetic Engg Share Price

168.15 3.55 2.16%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on Kinetic Engg

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kinetic Engineering stock performance -

mw4me loader
P/E Ratio (SA):
85.04
Market Cap:
365.7 Cr.
52-wk low:
125.7
52-wk high:
235.9

Is Kinetic Engineering Ltd an attractive stock to invest in?

1. Is Kinetic Engineering Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kinetic Engineering Ltd is a below average quality company.

2. Is Kinetic Engineering Ltd undervalued or overvalued?

The key valuation ratios of Kinetic Engineering Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Kinetic Engineering Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kinetic Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kinetic Engg:

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.
Kinetic Engineering Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -22.2%10.2%2.1%-7.7%-3.3%-2.6%-3.2%0.3%10%11.2%-
Value Creation
Index
NANA-0.9-1.6-1.2-1.2NANA-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 57.353.360.479.510111611683.9122135151
Sales YoY Gr.--7%13.2%31.7%27%14.7%-0%-27.5%44.9%11.3%-
Adj EPS -28.1-8.7-7.1-7.8-4.4-5.3-5.7-3.50.41.11.9
YoY Gr.-NANANANANANANANA194.4%-
BVPS (₹) -37.8-24.1810.672-3.3-6.7-3.74.627.3
Adj Net
Profit
-38.1-11.9-11.5-13-7.9-9.4-10.1-6.30.72.14
Cash Flow from Ops. 13.1-12.2-10.53.17.70.96.50.71.614.9-
Debt/CF from Ops. 15.6-5.9-6.816.16.867.69.496.4463.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%6%5.4%11.3%
Adj EPS NANANA194.4%
BVPSNA-8.2%NANA
Share Price 10% 36.9% 41.5% 23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-142.4-93.5-25.7-29.9-21.9-33.8-54.6-586.610.212.2
Op. Profit
Mgn %
-25-28.9-13-7.7-0.9-0.10.54.68.99.26.4
Net Profit
Mgn %
-66.4-22.2-19.1-16.4-7.8-8.1-8.7-7.50.61.62.8
Debt to
Equity
-12.437.71.51.31.62.64.58.95.62-
Working Cap
Days
31429529324821220721328421421497
Cash Conv.
Cycle
909080715855506655675

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.20%

Debt to equity has declined versus last 3 years average to 1.97

Sales growth is good in last 4 quarters at 10.98%

Sales growth has been subdued in last 3 years 5.35%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Kinetic Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 1.9
TTM Sales (₹ Cr.) 151 151
BVPS (₹.) 27.3 27.2
Reserves (₹ Cr.) 38 38
P/BV 6.05 6.06
PE 85.04 86.90
From the Market
52 Week Low / High (₹) 125.65 / 235.90
All Time Low / High (₹) 11.20 / 380.00
Market Cap (₹ Cr.) 366
Equity (₹ Cr.) 22.2
Face Value (₹) 10
Industry PE 53.8

Management X-Ray of Kinetic Engg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kinetic Engg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5753607910111611684122135
Operating Expenses 7269688610211611580111123
Manufacturing Costs19182129303640274142
Material Costs23201827394945334655
Employee Cost 17181922242525171919
Other Costs 1212107856356
Operating Profit -14-15-8-6-10141112
Operating Profit Margin (%) -25.0%-28.9%-13.0%-7.8%-0.9%-0.1%0.5%4.6%8.9%9.2%
Other Income 4846654344
Interest 9545567676
Depreciation 9998877766
Exceptional Items -3032150000000
Profit Before Tax -5910-1-13-8-8-9-613
Tax 0000000000
Profit After Tax -5910-1-13-8-8-9-613
PAT Margin (%) -102.0%19.2%-2.0%-16.4%-7.7%-7.1%-7.9%-7.4%1.1%2.3%
Adjusted EPS (₹)-43.57.5-0.7-7.8-4.4-4.6-5.2-3.50.71.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -172484032231481329
Share Capital 48485139373737373840
Reserves -65-46-31-5-14-24-30-26-11
Minority Interest0000000000
Debt73657048505859667053
Long Term Debt53454825253535363823
Short Term Debt20202223252325293130
Trade Payables23232230334440414143
Others Liabilities 1831442341403634312633
Total Liabilities 262234163159155161148145150157

Fixed Assets

Gross Block296306307308313314316246248251
Accumulated Depreciation194204209217225231239173180186
Net Fixed Assets1021029890888378726965
CWIP 0000000001
Investments 1147777765657
Inventories16171820233130303644
Trade Receivables18171926252924273129
Cash Equivalents 1812101001
Others Assets1213201311111110109
Total Assets 262234163159155161148145150157

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13-12-1138171215
PBT -5910-1-14-8-9-9-623
Adjustment 50-20-31010911111111
Changes in Working Capital 304-67405-5-111
Tax Paid 0000000100
Cash Flow From Investing Activity 1235802-50-1-2-1-6
Capex -2-7-42-6-1-2-2-2-4
Net Investments 144280001101-2
Others 0050000000
Cash Flow From Financing Activity -25-19-74-4-3-1-600-8
Net Proceeds from Shares 000170-300313
Net Proceeds from Borrowing 19-16-71-4-28-2-1-1-15
Interest Paid 00-4-4-3-4-50-5-5
Dividend Paid 0000000000
Others -44-32-142-2112-1
Net Cash Flow 04-41-100-101
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A00-84.8-51.5-101.79000286.22
ROCE (%)N/A10.172.1-7.7-3.25-2.6-3.160.289.9511.24
Asset Turnover Ratio0.210.230.330.530.650.730.750.570.830.88
PAT to CFO Conversion(x)N/A-1.2N/AN/AN/AN/AN/AN/A25
Working Capital Days
Receivable Days138111103969185821118781
Inventory Days99106998278859613099108
Payable Days442428463348293283344454321276

Kinetic Engineering Ltd Stock News

Kinetic Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kinetic Engg on 05-Nov-2024 00:00 is ₹168.2.
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 05-Nov-2024 00:00 the market cap of Kinetic Engg stood at ₹365.7.
The latest P/E ratio of Kinetic Engg as of 05-Nov-2024 00:00 is 85.04.
The latest P/B ratio of Kinetic Engg as of 05-Nov-2024 00:00 is 6.05.
The 52-week high of Kinetic Engg is ₹235.9 and the 52-week low is ₹125.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kinetic Engg is ₹151.3 ( Cr.) .

About Kinetic Engineering Ltd

Kinetic Engineering Ltd. (KEL) is a part of the $500 MN Firodia Group of companies, one of the pioneering groups in automobiles in India, founded in the year 1972 by HK Firodia - known as the doyen of the Indian Automobile Industry.

KEL offers engineering & manufacturing excellence and has a diverse product portfolio to manufacture all transmission components (gears, shafts, axles etc), engine components (crankshafts, cylinder heads, camshafts etc), complete gearbox & engine assemblies for auto & non auto products. KEL also can make various body components and has a press shop, weld shop, paint shop & can manufacture chasis, rims, mufflers etc. KEL also assembles complete vehicles for some of its customers.

KEL is located in the auto-hub of India, in Pune. Its factory in nagar is central to Pune and Aurangabad. This provides logistical convenience, experienced vendor, skilled manpower & knowledgeable staff.

KEL has been pioneering in automotive & engineering for 3 decades, has an unique all round ability for designing, developing, machining, painting, treating assembling & complete manufacturing of gears, shafts, axles, gearboxes, engine components, engines & vehicles.

KEL has set up a complete new line with the latest equipment for ensuring the best quality product in the Tata Nano.

The company is engaged in :

  • Manufacturing of gear shafts & complete gearboxes.
  • Transmission manufacturing & QC facility heat treatment.
  • Manufacture & assemble small engines.
  • Engine components-cylinder heads, crankshafts, axles ,shafts& all types of machine components.
  • Manufacture & assemble products such as mopeds, motorcycles, ATV, lawnmowers etc.
  • Press, weld, paint shop.
  • CED facility and paint shop.

Clientele:

  • Tata Motors
  • Force Motors
  • Carroro
  • BRP
  • Cagiva
  • GKN
  • Visteon
  • Klassic

Achievements/ recognition:

  • Business World - FICCI Corporate Citizen award for empowerment of physically challenged.
  • NCPEDP - Shell Helen Keller Award Supporting equal rights & gainful employment for persons with disabilities.
  • Indian Institute of Technology (IIT) Excellent contribution to industry, academia & society.
  • MIT, USA Distinguished achievement and exceptional service to country, society and MIT.
  • Auto Cluster Appreciation of initiative and efforts for successful operation of ACDRIL.
  • 14 export excellence awards on state and national level, including the prestigious national trophy for top export performance.
  • 'Hall of Pride' award 'Hall of Pride' award for the Chairman Mr. Arun Firodia by Overdrive in association with CII, ACMA and SIAM for lifetime contribution to automotive industry.
  • 'Pimpri Chinchwad Bhushan' award Chairman Mr. Arun Firodia is recipient of the 'Pimpri Chinchwad Bhushan' award for 2002 by Annasaheb Maghar Social Service Foundation.
  • Lifetime Achievement Award Chairman Mr. Arun Firodia Awarded Lifetime Achievement Award by Indira Group of Institutes in January 2005.
  • Udyog Ratna Award Chairman Mr. Arun Firodia has been awarded the Udyog Ratna Award by Pune Municipal Corporation for contributions to civic society.
  • 'Lifetime Achievement Award' Chairman Mr. Arun Firodia awarded the 'Nagar Road Industries Association - Life Time Achievement Award' for year 2002 – 2003.
  • Society Young Achiever's Award Society Young Achiever's Award for Business for the year 2002 for Ms. Sulajja Firodia Motwani, Director Kinetic Engg.
  • Top Woman CEO Award 2003 award for excellence as a top woman CEO from the Institute of Marketing and Management for Ms. Sulajja Firodia Motwani, Director Kinetic Engg.
  • Young Super Achiever Award Young Super Achiever Award by Business Today for year 2003 for Ms. Sulajja Firodia Motwani, Director Kinetic Engg.
  • 'Global Leader of Tomorrow' Ms. Sulajja Firodia Motwani, Director Kinetic Engg. has been selected by the World Economic Forum as a 'Global Leader of Tomorrow'.
  • KEL implements a DNV Certified ISO/TS 16949: 2002 Quality management system.
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