BSE: 530977 | NSE: | Cement & Construction Materials | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shri Keshav Cements & Infra Ltd is a average quality company.
The key valuation ratios of Shri Keshav Cements & Infra Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Keshav Cements & Infra 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.6% | 15.8% | 19.7% | 9.6% | 1% | 7.7% | 8.6% | 5.7% | 12.4% | 10.7% | - |
| Value Creation Index ⓘ | 0.0 | 0.1 | 0.4 | -0.3 | -0.9 | -0.5 | -0.4 | -0.6 | -0.1 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 48.2 | 51 | 55.4 | 49.8 | 50.7 | 70 | 68 | 80.4 | 114 | 123 | 125 |
| Sales YoY Gr. | - | 5.7% | 8.8% | -10.1% | 1.8% | 38.1% | -2.9% | 18.3% | 41.5% | 8.3% | - |
| Adj EPS ⓘ | 2.8 | 5 | 7.3 | 9.4 | -3 | -35.1 | -6.4 | -7 | 7.6 | 2.4 | 2.3 |
| YoY Gr. | - | 79% | 45.3% | 28% | -131.8% | NA | NA | NA | NA | -68.1% | - |
| BVPS (₹) ⓘ | 24.6 | 29.4 | 34.4 | 35.3 | 36.5 | 1.1 | 17.6 | 10.5 | 18.1 | 40.5 | 57.2 |
| Adj Net Profit ⓘ | 1.6 | 2.9 | 4.2 | 5.4 | -1.7 | -20.3 | -7.6 | -8.4 | 9.1 | 2.9 | 4 |
| Cash Flow from Ops. ⓘ | 7.7 | 7.8 | 14.5 | 5.4 | -10.4 | 8.3 | 22.2 | 20.6 | 23.2 | 33.2 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 4.3 | 1.9 | 11.7 | -15.6 | 22.1 | 7.1 | 8.6 | 9.3 | 5.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11% | 19.4% | 21.9% | 8.3% | ||||
| Adj EPS ⓘ | -1.7% | NA | NA | -68.1% | ||||
| BVPSⓘ | 5.7% | 2.1% | 32.2% | 124.2% | ||||
| Share Price | 26% | 37.8% | 54.1% | 30.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.4 | 18.7 | 22.9 | 26.9 | -8.3 | -186.7 | -70.4 | -50.1 | 53 | 8.3 | 4.7 |
| Op. Profit Mgn % ⓘ | 22.4 | 22 | 22.7 | 30.7 | 14.8 | 36.2 | 39.1 | 32.8 | 31.1 | 28.5 | 26.3 |
| Net Profit Mgn % ⓘ | 3.4 | 5.7 | 7.6 | 10.9 | -3.4 | -28.9 | -11.2 | -10.5 | 8 | 2.4 | 3.2 |
| Debt to Equity ⓘ | 2.8 | 2 | 1.4 | 3.1 | 7.7 | 286.3 | 7.5 | 14.1 | 10 | 3.7 | 1.8 |
| Working Cap Days ⓘ | 141 | 124 | 89 | 115 | 188 | 171 | 181 | 168 | 144 | 154 | 105 |
| Cash Conv. Cycle ⓘ | 97 | 85 | 52 | 49 | 104 | 105 | 112 | 102 | 88 | 86 | -10 |
Return on Equity has increased versus last 3 years average to 4.60%
Sales growth is growing at healthy rate in last 3 years 21.92%
Debt to equity has declined versus last 3 years average to 3.71
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 1.67%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | - |
| TTM Sales (₹ Cr.) | 125 | - |
| BVPS (₹.) ⓘ | 57.2 | - |
| Reserves (₹ Cr.) ⓘ | 83 | - |
| P/BV ⓘ | 3.26 | - |
| PE ⓘ | 82.08 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 132.10 / 319.25 |
| All Time Low / High (₹) | 1.06 / 319.25 |
| Market Cap (₹ Cr.) | 327 |
| Equity (₹ Cr.) | 17.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48 | 51 | 55 | 50 | 51 | 70 | 68 | 80 | 114 | 123 |
| Operating Expenses ⓘ | 37 | 40 | 43 | 40 | 43 | 45 | 41 | 54 | 78 | 88 |
| Manufacturing Costs | 17 | 17 | 15 | 10 | 12 | 3 | 2 | 3 | 3 | 3 |
| Material Costs | 19 | 21 | 26 | 20 | 26 | 35 | 29 | 41 | 65 | 71 |
| Employee Cost | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Other Costs ⓘ | 1 | 1 | 1 | 7 | 2 | 4 | 7 | 7 | 7 | 10 |
| Operating Profit ⓘ | 11 | 11 | 13 | 10 | 8 | 25 | 27 | 26 | 35 | 35 |
| Operating Profit Margin (%) | 22.4% | 21.9% | 22.7% | 20.3% | 14.8% | 36.2% | 39.1% | 32.8% | 31.1% | 28.5% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 2 |
| Interest ⓘ | 5 | 4 | 3 | 3 | 1 | 18 | 17 | 16 | 19 | 19 |
| Depreciation ⓘ | 3 | 3 | 3 | 4 | 7 | 12 | 12 | 16 | 11 | 12 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 6 | 3 | 0 | -4 | -2 | -6 | 7 | 6 |
| Tax ⓘ | 2 | 1 | 2 | 1 | 2 | 16 | 6 | 3 | -2 | 3 |
| Profit After Tax | 2 | 3 | 4 | 2 | -2 | -20 | -8 | -8 | 9 | 3 |
| PAT Margin (%) | 3.4% | 5.7% | 7.6% | 3.5% | -3.4% | -28.9% | -11.2% | -10.5% | 8.0% | 2.4% |
| Adjusted EPS (₹) | 2.8 | 5.0 | 7.3 | 3.1 | -3.0 | -35.1 | -6.4 | -7.0 | 7.6 | 2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 12% | 29% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14 | 17 | 20 | 20 | 21 | 1 | 21 | 13 | 22 | 49 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 9 | 12 | 15 | 15 | 16 | -4 | 9 | 1 | 10 | 37 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 40 | 34 | 27 | 59 | 155 | 171 | 145 | 165 | 202 | 158 |
| Long Term Debt | 8 | 7 | 4 | 35 | 97 | 103 | 97 | 116 | 160 | 131 |
| Short Term Debt | 32 | 26 | 23 | 24 | 57 | 68 | 47 | 48 | 42 | 28 |
| Trade Payables | 1 | 0 | 2 | 4 | 2 | 6 | 7 | 4 | 2 | 5 |
| Others Liabilities ⓘ | 8 | 9 | 10 | 20 | 52 | 47 | 46 | 50 | 48 | 64 |
| Total Liabilities ⓘ | 63 | 60 | 59 | 104 | 230 | 224 | 219 | 232 | 274 | 275 |
Fixed Assets | ||||||||||
| Gross Block | 62 | 63 | 63 | 111 | 131 | 241 | 240 | 259 | 260 | 307 |
| Accumulated Depreciation | 18 | 21 | 24 | 34 | 40 | 52 | 64 | 80 | 91 | 103 |
| Net Fixed Assetsⓘ | 43 | 42 | 39 | 77 | 91 | 189 | 176 | 179 | 169 | 204 |
| CWIP ⓘ | 0 | 0 | 8 | 0 | 104 | 1 | 6 | 6 | 47 | 9 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 13 | 11 | 6 | 12 | 16 | 19 | 20 | 25 | 28 | 28 |
| Trade Receivables | 2 | 2 | 1 | 3 | 6 | 11 | 10 | 4 | 5 | 4 |
| Cash Equivalents | 0 | 0 | 0 | 6 | 2 | 2 | 2 | 8 | 8 | 8 |
| Others Assetsⓘ | 5 | 4 | 4 | 6 | 11 | 3 | 6 | 11 | 17 | 21 |
| Total Assets ⓘ | 63 | 60 | 59 | 104 | 230 | 224 | 219 | 232 | 274 | 275 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8 | 8 | 14 | 5 | -10 | 8 | 22 | 21 | 23 | 33 |
| PBT ⓘ | 3 | 4 | 6 | 3 | 0 | -4 | -2 | -6 | 7 | 6 |
| Adjustment ⓘ | 3 | 3 | 3 | 9 | 7 | 30 | 29 | 32 | 29 | 30 |
| Changes in Working Capital ⓘ | 1 | 1 | 6 | -5 | -18 | -17 | -5 | -6 | -13 | -1 |
| Tax Paid ⓘ | 0 | -1 | -1 | -2 | 0 | 0 | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -4 | -1 | -8 | -35 | -89 | -6 | -6 | -19 | -48 | -11 |
| Capex | -3 | -1 | -8 | -36 | -89 | -6 | -6 | -19 | -42 | -10 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6 | -2 |
| Others ⓘ | -1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | -4 | -6 | -6 | 41 | 80 | -6 | -17 | 11 | 36 | -32 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | -5 | -9 | -18 | -17 | -16 | -18 | -18 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4 | -6 | -6 | 45 | 89 | 12 | -28 | 27 | 54 | -14 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 11 | -19 | -4 | -1 | 12 | 11 | -10 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.4 | 18.65 | 22.92 | 8.76 | -8.3 | -186.69 | -70.37 | -50.06 | 53.03 | 8.27 |
| ROCE (%) | 14.56 | 15.77 | 19.7 | 9.56 | 0.99 | 7.66 | 8.58 | 5.66 | 12.44 | 10.68 |
| Asset Turnover Ratio | 0.8 | 0.89 | 1.01 | 0.63 | 0.31 | 0.31 | 0.31 | 0.36 | 0.45 | 0.45 |
| PAT to CFO Conversion(x) | 4 | 2.67 | 3.5 | 2.5 | N/A | N/A | N/A | N/A | 2.56 | 11 | Working Capital Days |
| Receivable Days | 13 | 13 | 10 | 15 | 32 | 44 | 55 | 31 | 16 | 14 |
| Inventory Days | 97 | 80 | 53 | 64 | 96 | 89 | 103 | 101 | 85 | 84 |
| Payable Days | 27 | 16 | 18 | 59 | 45 | 43 | 80 | 50 | 17 | 17 |
Katwa Udyog Limited, a Katwa Group company is engaged in manufacturing cement. It is the manufacturer of high strength Jyoti cement.
Shri Keshav Cement & Infra Ltd. (KCIL), formerly Katwa Udyog Limited) is public limited company incorporated in the year 1993 to manufacture 43 grade and 53 grade Ordinary Portland Cement. The company raised capital via IPO during 1995 to raise capital of Rs 512.42 lakh which was over subscribed by 12 times. The stocks are actively traded on the Bombay Stock Exchange. The company has posted profits since inception.
The company comes from a well reputed business group, which is into IT, Finance and Real estate. The other group companies are, Katwa Infotech Ltd, Katwa Construction Ltd and Katwa Finlease Ltd.
KCIL, is a public limited company with over 15 years in cement manufacturing and marketing. The company has posted profits since the inception and has been paying dividends regularly. The inception of the company began with acquisition of a sick cement plant of 20 TPD (Tons per day) in 1994. The capacity of the plant was gradually increased year after year to reach 600 TPD. The recent acquisition has added 300 TPD to the existing capacity. The company is undertaking an expansion project to increase the output to 3000 TPD which is One million TPA. On the financial side the company is confident to achieve 400% growth in FY-09 owing to the recent acquisition and recently concluded expansion plans.
The company stocks are traded as Katwa Udyog but board is currently in the process of changing the name to Shri. Keshav Cement & Infra. Ltd., so that the current activity of the company is correctly reflected in the name.
The company shares happiness of millions of people who have made their dream homes come true by using Jyoti cement. Jyoti cement takes every opportunity to present the benefits of technology and quality raw material to the people of Karnataka, the western coast, and the southern Maharashtra. The cement is manufactured by West German VSK technology, a technology known for producing high strength, quality cement. State of art technology, high-end communication and computerized network, specialized testing equipments and stringent quality checking policies ensure our customers a high quality, durable and economical OPC cement
Products manufactured by the company:
Jyoti Gold (43 Grade)
Ideally recommended for use in
Jyoti Power (53 Grade)
Jyoti power is the fast moving product. Major consumption is recorded in residential / domestic construction
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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