BSE: 531080 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shri Krishna Devcon Ltd is a below average quality company.
The key valuation ratios of Shri Krishna Devcon Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Krishna Devcon 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 % ⓘ | 2.3% | 1.8% | 6.3% | 5.5% | 7.3% | 5.5% | 4.7% | 6.6% | 5.2% | 7.5% | - |
| Value Creation Index ⓘ | -0.8 | -0.9 | -0.6 | -0.6 | -0.5 | -0.6 | -0.7 | -0.5 | -0.6 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 29.7 | 8 | 21.9 | 22.1 | 32.8 | 17 | 17 | 20 | 20.2 | 31.3 | 21 |
| Sales YoY Gr. | - | -73.1% | 174.8% | 0.7% | 48.6% | -48.3% | 0.2% | 17.5% | 0.8% | 55.3% | - |
| Adj EPS ⓘ | 0.4 | 0.3 | 0.9 | 0.7 | 1.1 | 0.7 | 0.4 | 1.3 | 1 | 1.7 | 0.9 |
| YoY Gr. | - | -15.4% | 160.6% | -16.3% | 48.6% | -35.5% | -37.7% | 193% | -21.4% | 75.8% | - |
| BVPS (₹) ⓘ | 19.9 | 20.2 | 21 | 21.8 | 22.8 | 23.2 | 23.6 | 24.9 | 25.9 | 27.6 | 29.7 |
| Adj Net Profit ⓘ | 1.1 | 0.9 | 2.4 | 2 | 3 | 1.9 | 1.2 | 3.5 | 2.8 | 4.9 | 2 |
| Cash Flow from Ops. ⓘ | -3.1 | 5 | 5.1 | -4.2 | 1.5 | 3.5 | 10.3 | -2.2 | -0.7 | 12.9 | - |
| Debt/CF from Ops. ⓘ | -7.6 | 6.6 | 6.8 | -10.9 | 32.3 | 13.4 | 4.1 | -22.5 | -76.5 | 4.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.6% | -1% | 22.5% | 55.3% | ||||
| Adj EPS ⓘ | 18.1% | 10.2% | 59.4% | 75.8% | ||||
| BVPSⓘ | 3.7% | 3.9% | 5.3% | 6.7% | ||||
| Share Price | 7.3% | 9.3% | 37.4% | -19.7% | ||||
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 % ⓘ | 2 | 1.6 | 4.2 | 3.4 | 4.8 | 3 | 1.8 | 5.2 | 3.9 | 6.5 | 3.1 |
| Op. Profit Mgn % ⓘ | 3.7 | 8.7 | 23.1 | 25 | 23.6 | 34.1 | 29 | 35.9 | 26.6 | 28.6 | 31.7 |
| Net Profit Mgn % ⓘ | 3.6 | 11.5 | 10.9 | 9.1 | 9.1 | 11.3 | 7 | 17.7 | 13.8 | 15.6 | 11.6 |
| Debt to Equity ⓘ | 0.4 | 0.6 | 0.6 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.2 |
| Working Cap Days ⓘ | 1,116 | 4,361 | 1,585 | 1,887 | 1,447 | 2,885 | 2,900 | 2,492 | 2,558 | 1,731 | 1,506 |
| Cash Conv. Cycle ⓘ | 939 | 3,504 | 1,352 | 1,636 | 1,230 | 1,949 | 2,103 | 1,691 | 1,938 | 1,111 | 675 |
Sales growth is growing at healthy rate in last 3 years 22.50%
Net Profit is growing at healthy rate in last 3 years 59.35%
Debt to equity has declined versus last 3 years average to 0.70
Return on Equity has declined versus last 3 years average to 3.10%
Sales growth is not so good in last 4 quarters at -38.91%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | 0.9 |
| TTM Sales (₹ Cr.) | 21.2 | 21.2 |
| BVPS (₹.) ⓘ | 29.7 | 29.7 |
| Reserves (₹ Cr.) ⓘ | 55 | 55 |
| P/BV ⓘ | 1.29 | 1.29 |
| PE ⓘ | 43.50 | 43.48 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 29.66 / 68.10 |
| All Time Low / High (₹) | 1.00 / 68.10 |
| Market Cap (₹ Cr.) | 107 |
| Equity (₹ Cr.) | 28 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 72.9 |
| 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 | 30 | 8 | 22 | 22 | 33 | 17 | 17 | 20 | 20 | 31 |
| Operating Expenses ⓘ | 29 | 7 | 17 | 17 | 25 | 11 | 12 | 13 | 15 | 22 |
| Manufacturing Costs | 24 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 2 | 4 | 5 | 12 | 20 | 7 | 8 | 10 | 12 | 18 |
| Employee Cost | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 2 | 2 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 3 |
| Operating Profit ⓘ | 1 | 1 | 5 | 6 | 8 | 6 | 5 | 7 | 5 | 9 |
| Operating Profit Margin (%) | 3.7% | 8.7% | 23.1% | 24.9% | 23.6% | 34.1% | 29.0% | 35.9% | 26.6% | 28.3% |
| Other Income ⓘ | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 2 | 3 | 4 | 3 | 3 | 3 | 3 | 3 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 1 | 4 | 3 | 4 | 3 | 2 | 5 | 4 | 7 |
| Tax ⓘ | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 2 |
| Profit After Tax | 1 | 1 | 2 | 2 | 3 | 2 | 1 | 4 | 3 | 5 |
| PAT Margin (%) | 3.6% | 11.5% | 10.9% | 9.1% | 9.1% | 11.3% | 7.0% | 17.7% | 13.8% | 15.4% |
| Adjusted EPS (₹) | 0.4 | 0.3 | 0.9 | 0.7 | 1.1 | 0.7 | 0.4 | 1.3 | 1.0 | 1.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 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 | 56 | 57 | 59 | 61 | 64 | 65 | 66 | 70 | 72 | 77 |
| Share Capital ⓘ | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves ⓘ | 28 | 29 | 31 | 33 | 36 | 37 | 38 | 42 | 44 | 49 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 24 | 33 | 34 | 44 | 46 | 45 | 41 | 48 | 52 | 53 |
| Long Term Debt | 0 | 2 | 17 | 30 | 30 | 30 | 24 | 23 | 23 | 23 |
| Short Term Debt | 24 | 30 | 17 | 14 | 16 | 15 | 17 | 25 | 29 | 31 |
| Trade Payables | 18 | 5 | 8 | 9 | 11 | 12 | 12 | 11 | 11 | 22 |
| Others Liabilities ⓘ | 20 | 27 | 36 | 39 | 36 | 38 | 41 | 38 | 36 | 42 |
| Total Liabilities ⓘ | 117 | 122 | 137 | 154 | 157 | 160 | 161 | 167 | 172 | 195 |
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 2 | 2 |
| Accumulated Depreciation | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 1 |
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 12 | 26 | 28 | 21 | 21 | 21 | 20 | 19 | 20 | 21 |
| Inventories | 83 | 87 | 86 | 112 | 110 | 114 | 112 | 116 | 116 | 122 |
| Trade Receivables | 15 | 1 | 9 | 6 | 11 | 10 | 8 | 6 | 7 | 7 |
| Cash Equivalents | 4 | 4 | 8 | 3 | 3 | 2 | 6 | 8 | 8 | 19 |
| Others Assetsⓘ | 2 | 3 | 6 | 10 | 11 | 13 | 13 | 18 | 20 | 25 |
| Total Assets ⓘ | 117 | 122 | 137 | 154 | 157 | 160 | 161 | 167 | 172 | 195 |
| 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 ⓘ | -3 | 5 | 5 | -4 | 1 | 3 | 10 | -2 | -1 | 13 |
| PBT ⓘ | 2 | 1 | 4 | 3 | 4 | 3 | 2 | 5 | 4 | 7 |
| Adjustment ⓘ | 0 | -1 | 1 | 3 | 4 | 3 | 3 | 3 | 2 | 2 |
| Changes in Working Capital ⓘ | -3 | 4 | 1 | -9 | -6 | -1 | 6 | -9 | -5 | 5 |
| Tax Paid ⓘ | -1 | 0 | -1 | -1 | -1 | -2 | -1 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -3 | -14 | -1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -1 | 0 |
| Net Investments | -4 | -14 | -2 | 1 | -1 | 0 | 1 | 0 | -1 | -1 |
| Others ⓘ | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 9 | 0 | -1 | -2 | -4 | -8 | 3 | 1 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 2 | 1 | 4 | 0 | 0 | -6 | -1 | 0 | -1 |
| Interest Paid ⓘ | 0 | 0 | -2 | -3 | -4 | -3 | -3 | -3 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 7 | 1 | -3 | 1 | 0 | 2 | 7 | 4 | 3 |
| Net Cash Flow ⓘ | -6 | 0 | 4 | -5 | -1 | 0 | 4 | 2 | 0 | 11 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.96 | 1.64 | 4.15 | 3.34 | 4.78 | 2.98 | 1.83 | 5.22 | 3.9 | 6.45 |
| ROCE (%) | 2.25 | 1.76 | 6.3 | 5.51 | 7.31 | 5.45 | 4.7 | 6.63 | 5.17 | 7.47 |
| Asset Turnover Ratio | 0.27 | 0.07 | 0.17 | 0.15 | 0.21 | 0.11 | 0.11 | 0.12 | 0.12 | 0.17 |
| PAT to CFO Conversion(x) | -3 | 5 | 2.5 | -2 | 0.33 | 1.5 | 10 | -0.5 | -0.33 | 2.6 | Working Capital Days |
| Receivable Days | 101 | 362 | 81 | 120 | 92 | 221 | 194 | 129 | 116 | 80 |
| Inventory Days | 987 | 3,882 | 1,434 | 1,635 | 1,236 | 2,407 | 2,423 | 2,076 | 2,100 | 1,391 |
| Payable Days | 1,713 | 1,003 | 450 | 255 | 181 | 628 | 557 | 436 | 341 | 338 |
Shri Krishna Devcon (SKDL) is the flagship company of SKDL Group of Companies. The group is involved in multifaceted activities ranging from food processing, garment manufacturing to securities and commodities trading to real estate development.
Over the years, the group has expanded its activities in the field of real estate from mere financing to conceiving, promoting and executing large real estate projects. The group’s turnover today exceeds Rs 500 million annually. The group has drawn up plans to scale its real estate business over 10 times in next five years. The focus is on expanding real estate activities to various parts of the country.
SKDL is a public limited company listed on the Bombay Stock Exchange. The company has been in the business of finance since its inception.
The company was acquired by the group in 2007 and has made real estate development its primary focus.
The promoter's initiatives in real estate in the last five years have resulted in creation of many prime properties. This success in the real estate market is now being consolidated under the umbrella of SKDL.
SKDL has chalked out a detailed road map for expansion. The projects range from small residential condominiums to commercial complexes to large IT parks.
Projects
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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.
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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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