BSE: 523550 | NSE: | Tyres & Allied | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Krypton Industries Ltd is a below average quality company.
The key valuation ratios of Krypton Industries 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 Krypton Industries 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.4% | 5.6% | -3.9% | 4.6% | 6.4% | 4.9% | 5.1% | 8.1% | 6.4% | 8.5% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -1.3 | -0.7 | -0.5 | -0.7 | -0.6 | -0.4 | -0.5 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 36.3 | 38.4 | 33.4 | 29.3 | 36.2 | 28.5 | 30.4 | 40.6 | 32.4 | 41.4 | 47 |
| Sales YoY Gr. | - | 5.7% | -13.1% | -12.1% | 23.4% | -21.2% | 6.7% | 33.3% | -20.2% | 27.8% | - |
| Adj EPS ⓘ | 0.2 | 0.3 | -2.7 | -0.2 | 0.7 | 0.5 | -0.8 | 0.6 | 0.9 | 1.1 | 1.1 |
| YoY Gr. | - | 113.3% | -943.8% | NA | NA | -24.6% | -267.4% | NA | 42.6% | 24.1% | - |
| BVPS (₹) ⓘ | 20.2 | 20.4 | 17.6 | 17.5 | 18.4 | 18.8 | 19 | 19.6 | 20.2 | 21.2 | 20.8 |
| Adj Net Profit ⓘ | 0.2 | 0.5 | -4 | -0.3 | 1 | 0.7 | -1.2 | 0.9 | 1.3 | 1.6 | 2 |
| Cash Flow from Ops. ⓘ | -1.2 | 3.1 | 1.4 | 4.7 | 3.3 | 2.3 | 3 | 6.7 | -0.3 | 0.4 | - |
| Debt/CF from Ops. ⓘ | -15.1 | 5.8 | 13.2 | 3.3 | 4.4 | 6.8 | 5.3 | 1.7 | -53 | 44.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.5% | 2.7% | 10.8% | 27.8% | ||||
| Adj EPS ⓘ | 24.5% | 10.7% | NA | 24.1% | ||||
| BVPSⓘ | 0.6% | 2.9% | 3.8% | 5.1% | ||||
| Share Price | 17.9% | 45.9% | 75.9% | 150.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.7 | 1.6 | -14.2 | -1.2 | 3.6 | 2.6 | -4.4 | 3.1 | 4.4 | 5.2 | 5.4 |
| Op. Profit Mgn % ⓘ | 9.6 | 11.4 | -2.1 | 8.8 | 10.6 | 10.6 | 4.5 | 12.7 | 12.8 | 12.3 | 11.5 |
| Net Profit Mgn % ⓘ | 0.6 | 1.2 | -11.9 | -1 | 2.7 | 2.5 | -4 | 2.2 | 3.9 | 3.9 | 3.5 |
| Debt to Equity ⓘ | 0.6 | 0.6 | 0.7 | 0.6 | 0.5 | 0.6 | 0.6 | 0.4 | 0.5 | 0.5 | 0.2 |
| Working Cap Days ⓘ | 297 | 303 | 358 | 385 | 293 | 393 | 402 | 303 | 381 | 330 | 136 |
| Cash Conv. Cycle ⓘ | 187 | 207 | 249 | 269 | 210 | 278 | 247 | 155 | 196 | 180 | 66 |
Return on Equity has increased versus last 3 years average to 5.40%
Sales growth is growing at healthy rate in last 3 years 10.77%
Sales growth is good in last 4 quarters at 42.76%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.1 | 1.1 |
| TTM Sales (₹ Cr.) | 47.2 | 48.7 |
| BVPS (₹.) ⓘ | 20.8 | 22.5 |
| Reserves (₹ Cr.) ⓘ | 16 | 18 |
| P/BV ⓘ | 3.45 | 3.20 |
| PE ⓘ | 63.58 | 65.59 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 23.60 / 103.00 |
| All Time Low / High (₹) | 0.04 / 103.00 |
| Market Cap (₹ Cr.) | 106 |
| Equity (₹ Cr.) | 14.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36 | 38 | 33 | 29 | 36 | 29 | 30 | 41 | 32 | 41 |
| Operating Expenses ⓘ | 33 | 34 | 34 | 27 | 32 | 26 | 29 | 36 | 28 | 36 |
| Manufacturing Costs | 4 | 5 | 5 | 4 | 5 | 4 | 4 | 7 | 6 | 11 |
| Material Costs | 19 | 18 | 17 | 14 | 17 | 11 | 16 | 19 | 12 | 14 |
| Employee Cost | 6 | 6 | 7 | 6 | 7 | 6 | 5 | 5 | 6 | 6 |
| Other Costs ⓘ | 4 | 5 | 6 | 3 | 3 | 4 | 5 | 4 | 4 | 5 |
| Operating Profit ⓘ | 3 | 4 | -1 | 3 | 4 | 3 | 1 | 5 | 4 | 5 |
| Operating Profit Margin (%) | 9.6% | 10.7% | -2.1% | 8.8% | 10.4% | 10.4% | 4.2% | 12.4% | 12.1% | 12.1% |
| Other Income ⓘ | 1 | 0 | 1 | 1 | 0 | 1 | 3 | 4 | 0 | 0 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | -4 | 0 | 1 | 0 | 0 | 1 | 1 | 2 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit After Tax | 0 | 0 | -4 | 0 | 1 | 1 | 0 | 1 | 1 | 2 |
| PAT Margin (%) | 0.6% | 1.0% | -11.9% | -0.1% | 2.6% | 2.4% | 0.8% | 2.2% | 3.5% | 3.7% |
| Adjusted EPS (₹) | 0.2 | 0.3 | -2.7 | 0.0 | 0.6 | 0.5 | 0.2 | 0.6 | 0.8 | 1.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 30 | 30 | 26 | 26 | 27 | 28 | 28 | 29 | 30 | 31 |
| Share Capital ⓘ | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves ⓘ | 15 | 15 | 11 | 11 | 12 | 13 | 13 | 14 | 15 | 16 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 18 | 16 | 16 | 14 | 14 | 14 | 13 | 10 | 13 | 15 |
| Long Term Debt | 6 | 4 | 3 | 2 | 1 | 4 | 6 | 5 | 7 | 7 |
| Short Term Debt | 12 | 12 | 13 | 12 | 12 | 9 | 7 | 5 | 6 | 9 |
| Trade Payables | 4 | 5 | 5 | 3 | 2 | 2 | 5 | 5 | 3 | 3 |
| Others Liabilities ⓘ | 3 | 4 | 6 | 5 | 5 | 7 | 7 | 6 | 6 | 6 |
| Total Liabilities ⓘ | 55 | 55 | 53 | 48 | 48 | 50 | 53 | 50 | 52 | 55 |
Fixed Assets | ||||||||||
| Gross Block | 35 | 35 | 21 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| Accumulated Depreciation | 13 | 15 | 2 | 3 | 5 | 7 | 8 | 9 | 11 | 12 |
| Net Fixed Assetsⓘ | 22 | 20 | 19 | 17 | 17 | 16 | 16 | 16 | 15 | 15 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Inventories | 16 | 18 | 19 | 18 | 17 | 18 | 18 | 14 | 15 | 17 |
| Trade Receivables | 10 | 10 | 9 | 7 | 6 | 7 | 6 | 8 | 7 | 9 |
| Cash Equivalents | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 0 |
| Others Assetsⓘ | 5 | 5 | 5 | 5 | 6 | 7 | 11 | 11 | 13 | 14 |
| Total Assets ⓘ | 55 | 55 | 53 | 48 | 48 | 50 | 53 | 50 | 52 | 55 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | 3 | 1 | 5 | 3 | 2 | 3 | 7 | 0 | 0 |
| PBT ⓘ | 0 | 0 | -4 | 0 | 1 | 0 | 0 | 1 | 1 | 2 |
| Adjustment ⓘ | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Changes in Working Capital ⓘ | -5 | -1 | 2 | 1 | -1 | -1 | -0 | 2 | -4 | -5 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 |
| Capex | -1 | 0 | 0 | 0 | -1 | -2 | -2 | -1 | -1 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -3 | -2 | -4 | -2 | -1 | -1 | -6 | 2 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3 | 0 | -1 | -1 | -1 | 3 | 1 | -1 | 3 | -1 |
| Interest Paid ⓘ | -2 | -2 | -2 | -2 | -1 | -2 | -2 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | -1 | 1 | -1 | 0 | -3 | -1 | -4 | 1 | 2 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 0 | 0 | -1 | 0 | 0 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.78 | 1.3 | -14.27 | -0.16 | 3.53 | 2.51 | 0.92 | 3.17 | 3.83 | 5.02 |
| ROCE (%) | 5.38 | 5.6 | -3.92 | 4.64 | 6.4 | 4.94 | 5.07 | 8.07 | 6.39 | 8.48 |
| Asset Turnover Ratio | 0.68 | 0.7 | 0.62 | 0.58 | 0.76 | 0.58 | 0.59 | 0.79 | 0.64 | 0.77 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 3 | 2 | N/A | 7 | 0 | 0 | Working Capital Days |
| Receivable Days | 97 | 94 | 105 | 98 | 64 | 84 | 81 | 63 | 84 | 71 |
| Inventory Days | 148 | 161 | 198 | 224 | 176 | 227 | 216 | 143 | 163 | 138 |
| Payable Days | 107 | 98 | 110 | 105 | 58 | 76 | 87 | 96 | 116 | 77 |
Krypton Industries was incorporated as a public limited company in the state of West Bengal at Calcutta on April 6, 1990 and obtained the certificate of commencement of business on April 20, 1990. The immediate object of the company is to set up a new Industrial undertaking at Falta Export Processing Zone (FEPZ), a Free Trade Zone, for manufacture of Multi-Cellular Polyurethane (MCP) tubeless cycle tyres. The licensed capacity of the plant is 10, 00,000 tyres per annum and the installed capacity is 8, 60,000 tyres per annum on two shift basis. The company has been promoted by J P Toshniwal, M L Kankaria and C L Sarawgli in collaboration with Canada-based Poly Air Tires Inc, a professionally managed company that is represented on the board by Edward R and Charlotte K Alsman. After extensive Research & Development, Poly Air has developed a technology for manufacture of MCP tyres and is presently operating a pilot plant successfully at Windsor, Canada. The company has also established a wide marketing network in USA, Canada and Europe. Jayshree Enterprises is a partnership firm, manufacturing portable generator sets for the Indian Railway. Kisan Krishi Yantra Udyog, a partnership firm, is manufacturing rice mill, dal mill, oil expellers and agricultural equipments. All the three units are running profitably.
Krypton Industries produces multi-cellular polyurethane tubeless cycle tires with technical knowhow obtained from Poly Air Tires of Canada. The company plants are located in Parganas, West Bengal. The unit is an export oriented unit. Poly Air agreed to buy back 75% of company's production. Accumulated losses led the company to seek a rehabilitation package from BIFR, which declared it a sick unit in 1998. The company has since come back into the black and has now accumulated reserves that almost equal its share capital. The registered office is in Kolkata. Jay Singh Bardia is the company chairman and managing director.
Business areas of the company:
The group's principal activity is to manufacture MCP tubeless tyres. It operates in two segments namely tyre rims and footwear. The Group's products include MCP tubeless tyres and shoe soles. It manufactures tubes for bicycles, wheelchairs, castors, industrial applications such as trolleys, fork lifts, load carriers, hand trucks, hand operated tractors and others.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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