Krishna Defence and Allied Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: KRISHNADEF | Defence | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Krishna Defence & Al

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Krishna Defence and Allied Industries stock performance -

mw4me loader
P/E Ratio (SA):
100.69
Market Cap:
985.7 Cr.
52-wk low:
0
52-wk high:
0

Is Krishna Defence and Allied Industries Ltd an attractive stock to invest in?

1. Is Krishna Defence and Allied Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Krishna Defence and Allied Industries Ltd is a below average quality company.

2. Is Krishna Defence and Allied Industries Ltd undervalued or overvalued?

The key valuation ratios of Krishna Defence and Allied Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Krishna Defence and Allied Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Krishna Defence and Allied Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Krishna Defence & Al:

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.
Krishna Defence and Allied Industries 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'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.6%7.6%10.6%12.4%15%17%-
Value Creation
Index
-0.2-0.5-0.3-0.10.10.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 58.4253549.963.7106106
Sales YoY Gr.--57.2%40.2%42.5%27.5%67.2%-
Adj EPS 2.50.92.22.94.57.17
YoY Gr.--63.7%148.3%33%54.1%57%-
BVPS (₹) 0021.824.7327273.7
Adj Net
Profit
2.10.81.92.55.29.810
Cash Flow from Ops. 37.31.94-7.3-3.2-
Debt/CF from Ops. 9.23.513.55.9-2.5-2.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA12.8%44.8%67.2%
Adj EPS NA23.8%47.6%57%
BVPSNANA49%124.7%
Share Price - - - 118.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.44.810.811.61613.29.6
Op. Profit
Mgn %
9.815.613.213.814.214.9NAN
Net Profit
Mgn %
3.535.34.98.29.29.2
Debt to
Equity
1.81.61.41.10.50.1-
Working Cap
Days
06203742783012350
Cash Conv.
Cycle
03331981521421210

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 44.84%

Net Profit is growing at healthy rate in last 3 years 47.62%

Return on Equity has declined versus last 3 years average to 9.60%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Krishna Defence and Allied Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 7 7
TTM Sales (₹ Cr.) 106 106
BVPS (₹.) 73.7 73.7
Reserves (₹ Cr.) 90 90
P/BV 9.51 9.51
PE 100.69 100.51
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 986
Equity (₹ Cr.) 14.1
Face Value (₹) 10
Industry PE 39.7

Management X-Ray of Krishna Defence & Al:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Krishna Defence & Al

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5825355064106
Operating Expenses 532130435591
Manufacturing Costs2347712
Material Costs38616213356
Employee Cost 5558811
Other Costs 7757611
Operating Profit 6457916
Operating Profit Margin (%) 9.8%15.5%13.2%13.8%14.2%14.8%
Other Income 111011
Interest 222212
Depreciation 111222
Exceptional Items 000000
Profit Before Tax 3134713
Tax 101113
Profit After Tax 2122510
PAT Margin (%) 3.5%3.0%5.3%4.9%8.3%9.2%
Adjusted EPS (₹)2.50.92.22.94.67.1
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 151618213799
Share Capital 44481114
Reserves 111214122585
Minority Interest000000
Debt26252522189
Long Term Debt141415761
Short Term Debt12101015118
Trade Payables17117142313
Others Liabilities 810711812
Total Liabilities 6661566885133

Fixed Assets

Gross Block161819242529
Accumulated Depreciation679111314
Net Fixed Assets101010141215
CWIP 023020
Investments 000000
Inventories112115162832
Trade Receivables321213222726
Cash Equivalents 9111012844
Others Assets4655716
Total Assets 6661566885133

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3724-7-3
PBT 3134713
Adjustment 222323
Changes in Working Capital -14-3-2-15-17
Tax Paid -1000-1-3
Cash Flow From Investing Activity -8-40-41-37
Capex -4-3-3-2-3-2
Net Investments 00004-34
Others -4-13-21-1
Cash Flow From Financing Activity 5-3-2-1645
Net Proceeds from Shares 0003749
Net Proceeds from Borrowing 601-8-1-6
Interest Paid -2-1-2-1-1-1
Dividend Paid 000000
Others 1-1-1513
Net Cash Flow 000005
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)13.454.7510.8312.618.4514.47
ROCE (%)11.597.6410.5512.3815.0117
Asset Turnover Ratio0.880.390.60.80.830.98
PAT to CFO Conversion(x)1.5712-1.4-0.3
Working Capital Days
Receivable Days19832013212814091
Inventory Days70232187113127104
Payable Days162804196179201116

Krishna Defence and Allied Industries Ltd Stock News

Krishna Defence and Allied Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Krishna Defence & Al 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 Krishna Defence & Al stood at ₹985.7.
The latest P/E ratio of Krishna Defence & Al as of 01-Jan-1970 05:30 is 100.7.
The latest P/B ratio of Krishna Defence & Al as of 01-Jan-1970 05:30 is 9.51.
The 52-week high of Krishna Defence & Al is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Krishna Defence & Al is ₹106.4 ( Cr.) .

About Krishna Defence and Allied Industries Ltd

Krishna Defence And Allied Industries is engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipments. It has entered into various licensing agreement with Defence Research and Development Organisation (DRDO) for obtaining the know-how and rights which enable it to manufacture and supply specialized defence application products for the Indian Armed Forces. Under defence application, it provides a wide array of high performance products for naval applications and other utilities such as ship building steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device, which is also known as bukhari. In the year 2020, the company has also forayed in a new business vertical of manufacturing and marketing of Homeland & Security products, wherein it plans to manufacture products like Modular Vehicle Barrier, Automatic tyre Killer, Multi-purpose Launcher and Long Range LED Searchlight used by the Indian Armed Forces, for which it has entered into agreements with foreign vendors for import of critical component required to manufacture/assemble these products in its factory. It proposes to sell such product under MAKE IN INDIA Program.

The company has two manufacturing facilities in Gujarat, located at Kalol and Halol district near Vadodara. Its manufacturing facilities are accredited with ISO 9001:2015 quality management system as manufacturer and exporter of stainless-steel milk cans, milking machine, milk coolers, dairy and kitchen Equipment, milk testing Equipment, Galley Equipment, shipbuilding steel bulb bars, modular vehicle barrier & automatic tyre killer. It has diversified its products under various business verticals, mainly due to its strong research and development (R&D) and technological capabilities. Its R&D capabilities include product design, product engineering, product simulation, prototyping and testing. Its R&D activities are mainly undertaken at its manufacturing facilities. Its research activities are focused on creating new products and solutions which are customized to meet customer expectations and end-user preferences and also improving its production processes and improving the quality of its existing products. With its R&D capabilities, it is currently developing several new products for some of which it has secured orders as well.

Business area of the company

The company offers a wide range of products used in Defence industry for Indian Armed Forces, Dairy Equipment products to facilitate procurement, processing, distribution of milk, Kitchen Equipment Products to serve midday meals in large organizations and have also forayed into manufacturing of homeland security products to be used in defence industry for Indian Armed Forces.

Products portfolio:

  • Defence application equipment products: Bulb-bar, Food Container, Improved Space Heating Device or Bukhari, Welding Wire, Fused Flux, Welding Electrodes and Special Steel Alloy Bricks used as Ballast weight for critical applications.
  • Dairy equipment products: Robotic Milk Collection Unit (RMCU), Stainless Steel Milk Can, Bulk Milk Coolers (BMC), Milking Machines (With Spare Parts) and Cow Grooming Brush.
  • Kitchen equipment products: Rice Cauldron, Dal Cauldron, Braising Pan, Distribution Vessels, Rice Chute and Dal Storage Tank.

Key Events, Milestone and Achievements:

  • 1997: Started Dairy Equipment manufacturing business in partnership firm in the name and style of Krishna Industries.
  • 2002: Partnership deed dissolved w.e.f March 31, 2002 and the business Krishna Industries was taken over by AnkurAshwin Shah as a Proprietor.
  • 2006: Registered as an approved vendor for supply of Shipbuilding Steel Sections (Bulb Bars) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad.
  • 2008: Appreciation Certificate received from DMRL, Hyderabad for successfully carrying out the Project of manufacturing of indigenized steel Bulb Bars used in hull construction of Naval warships. The project was of National Importance involving import substitution.
  • 2008: Signed Transfer of Technology Agreement with Defence Materials & Stores Research & Development Establishment, (DMSRDE) Kanpur for manufacture and sale of Food Container Plastic 5.5 Ltr to be used by Indian Armed forces at High Altitudes.
  • 2010: The company ventured into manufacturing of Kitchen Equipments for Midday Meal Program & Other projects.
  • 2011: Deed of partnership dated Apr 05, 2011 was formed to takeover the running proprietorship business in the name and style of Krishna Industries w.e.f April 01, 2011.
  • 2011: Accepted as approved vendor by Indian Navy, included in Naval Contractual Directives for supply of shipbuilding steel sections, Bulb Bars for Warships.
  • 2013: Converted from a partnership firm to a Private Limited Company under Part IX of Companies Act, 1956 in the name of Krishna Allied Industries Private Limited w.e.f. September 10, 2013.
  • 2014: Awarded Defence Technology Absorption Award, 2013 on August 20, 2014 along with Prize Money of Rs 5 lakh from Ministry of Defence (MoD) by the Honourable Prime Minister, Narendra Modi for pioneering efforts towards first time indigenous production of “Bulb Bars” in association with DRDO for meeting the requirements of Indian Navy.
  • 2015: Patent registered by company for invention of Automated Milk Analysis and Collection Apparatus called Robotic Milk Collection Unit for a term of 20 years.
  • 2017: Accepted as approved vendor for manufacture of steel bulb bars by the Indian Register of Shipping (IRS).
  • 2017: Received certificate of Steel Mills from American Bureau of Shipping for Facility and Process Approval for manufacturing section components of marine applications.
  • 2018: Awarded INDIA SME 100 Awards organized by India SME Forum and supported by Ministry of MSME in the overall evaluation of Financial & Non-Financial Parameters.
  • 2019: Signed TOT with Defence Institute of Pysiology and Allied Sciences, DIPAS, New Delhi for manufacture and sale of Improved Space Heating Device (Bukhari) used by Indian Armed forces at high altitude in very Cold conditions.
  • 2019: Signed TOT with DIPAS, New Delhi for manufacture and sale of Man Mounted Cooling System to be used by Indian Armed forces in extremely Hot Conditions.
  • 2019: Signed TOT with DIPAS, Delhi for manufacture and sale of Solar Snow Melter to be used by Indian Armed forces at high altitude.
  • 2019: Received Developmental Order for supply and manufacture of specialized Weld consumable for critical application of the Indian Navy.
  • 2020: Company ventured in a new business vertical of Homeland & Security Products.
  • 2021: Signed TOT with Research &Development Establishment Engineers, Pune for manufacture and sale of Improvised Explosive Device (IED) Containment Vessel to be used by Indian Armed forces for protection.
  • 2021: Successfully developed and delivered Steel Ballast Bricks used for critical application of Indian Navy for weight balancing.
  • 2021: Conversion of Company from Private Limited to Limited Company i.e. Krishna Allied Industries Ltd. w.e.f October20, 2021.
  • 2021: Change of Company name to Krishna Defence and Allied Industries Ltd w.e.f December 07, 2021.
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