Khaitan (India) Ltd - Stock Valuation and Financial Performance

BSE: 590068 | NSE: KHAITANLTD | Consumer Durables - Electronics | Small Cap

Khaitan India Share Price

90 -6.45 -6.69%
as on 25-Apr'25 16:59

DeciZen - make an informed investing decision on Khaitan India

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Khaitan (India) stock performance -

P/E Ratio (SA):
7.75
Market Cap:
42.8 Cr.
52-wk low:
63.4
52-wk high:
127.7

Is Khaitan (India) Ltd an attractive stock to invest in?

1. Is Khaitan (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Khaitan (India) Ltd is a average quality company.

2. Is Khaitan (India) Ltd undervalued or overvalued?

The key valuation ratios of Khaitan (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Khaitan (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Khaitan (India) 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 Khaitan India:

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.
Khaitan (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -1.2%-6.1%7.2%5.2%5%-5.5%1.1%-0.7%12%15.6%-
Value Creation
Index
-1.1NA-0.5-0.6-0.6-1.4-0.9-1.1-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 26.79.115.779.110056.745.352.359.558.468
Sales YoY Gr.--65.8%72.6%402.4%26.8%-43.5%-20.1%15.4%13.8%-1.8%-
Adj EPS -12.2-16.35.33.51.2-10.3-12.2-6.9-0.62.911.6
YoY Gr.-NANA-34.3%-64.3%-933.1%NANANANA-
BVPS (₹) 12-3.98878.173.950.242.436.839.242.650.1
Adj Net
Profit
-5.8-7.72.51.70.6-4.9-5.8-3.3-0.31.46
Cash Flow from Ops. -0.70.6111.917.93.34.76.27.50.8-
Debt/CF from Ops. -67.578.3319.71.263.82.51.414.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%-10.3%8.8%-1.8%
Adj EPS NA18.1%NANA
BVPS15.1%-10.4%0.2%8.6%
Share Price 29.1% 35% 21.9% 31%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-11.7-186.24.21.6-16.7-26.2-17.5-1.6725.1
Op. Profit
Mgn %
1.4-20.315.22.74.6-2.44.1-0.90.16.98.7
Net Profit
Mgn %
-21.8-84.815.92.10.6-8.7-12.8-6.3-0.52.38.1
Debt to
Equity
8.2-250.810.60.80.90.90.60.6-
Working Cap
Days
32083547415615421020316613612643
Cash Conv.
Cycle
131362-150-28-54-37-32-63-74

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.10%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 23.33%

Sales growth has been subdued in last 3 years 8.84%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Khaitan (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 11.6 -
TTM Sales (₹ Cr.) 68 -
BVPS (₹.) 50.1 -
Reserves (₹ Cr.) 19 -
P/BV 1.80 -
PE 7.75 -
From the Market
52 Week Low / High (₹) 63.41 / 127.71
All Time Low / High (₹) 5.32 / 127.71
Market Cap (₹ Cr.) 42.8
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 132.6

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 5,147 17.13,722 2.84,136 7.64,826 16.4
Adj EPS (₹) 10.9 52.87.3 -7.28.2 15.69.2 4
Op. Profit Mgn % 7.77 70 bps8.44 -23 bps8.42 38 bps8.33 5 bps
Net Profit Mgn % 3.39 79 bps3.14 -34 bps3.20 26 bps3.26 -21 bps

Management X-Ray of Khaitan India:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:60.24%Institutions:0.03%Non-Institutions:39.73%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec24Mar2510%20%30%40%50%60%70%
Pledged *32.8532.8532.8532.8532.8532.8532.8532.8532.8532.85
* Pledged shares as % of Promoter's holding (%)

Valuation of Khaitan India

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Khaitan India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
IFB Industries 1,272.4 -64.6 (-4.8%) Small Cap 4,438 27.7 1 48.4 6.6
MIRC Electronics 15.2 -0.3 (-2%) Small Cap 968 -2.4 -6.6 - 2.9
Elin Electronics 150.8 -2 (-1.3%) Small Cap 835 2.8 1.5 54.6 1.7
Safa Systems & Techn 39 0 (0%) Small Cap 627 0.9 0.3 45.6 2.9
Wonder Electricals 164.9 -5.3 (-3.1%) Small Cap 570 1 1.8 163.9 30.4
Salora International 44.3 -1.1 (-2.4%) Small Cap 159 -2.1 -1.5 - 0.7
Khaitan India 90 -6.5 (-6.7%) Small Cap 58.4 11.6 2.3 8.3 1.9
Thakral Services 15 -0.8 (-5%) Small Cap 24.5 -0.5 -14.4 - -2
Catvision 26 -0.2 (-0.7%) Small Cap 20.1 12.3 7.5 2.1 0.6
Sharp India 56.6 -1.3 (-2.2%) Small Cap 0 -7.5 - - -1.3
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales26.659.1215.7479.08100.2556.6545.2752.2659.4658.37
Operating Expenses 26.2910.9713.3676.9695.6058.0143.4052.7359.4154.34
Manufacturing Costs6.123.332.371.600.870.760.711.090.440.43
Material Costs16.714.758.0262.1177.1844.9033.4740.1445.6840.53
Employee Cost 2.942.412.248.208.966.595.575.586.446.88
Other Costs 0.520.490.735.058.595.763.665.926.856.50
Operating Profit 0.36-1.852.392.124.65-1.361.86-0.470.044.03
Operating Profit Margin (%) 1.3%-20.3%15.2%2.7%4.6%-2.4%4.1%-0.9%0.1%6.9%
Other Income 0.780.664.043.820.430.440.392.015.631.20
Interest 4.854.611.782.212.682.182.953.033.023.39
Depreciation 1.771.762.142.071.811.811.801.801.970.49
Exceptional Items 0000000000
Profit Before Tax -5.49-7.562.511.660.59-4.91-2.50-3.290.681.34
Tax 0.10000003.26000
Profit After Tax -5.59-7.562.511.660.59-4.91-5.77-3.290.681.34
PAT Margin (%) -21.0%-82.9%15.9%2.1%0.6%-8.7%-12.7%-6.3%1.1%2.3%
Adjusted EPS (₹)-11.8-15.95.33.51.3-10.3-12.1-6.91.42.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 46.6639.1041.8137.1235.1023.8420.1417.4918.6320.24
Share Capital 4.754.754.754.754.754.754.754.754.754.75
Reserves 41.9134.3537.0632.3730.3519.0915.3912.7413.8815.49
Minority Interest0000000000
Debt46.6746.0833.0836.6221.3219.7717.7915.3910.2411.72
Long Term Debt14.4914.7210.6030.4715.8514.8713.8511.296.097.66
Short Term Debt32.1931.3622.486.155.474.903.954.094.164.06
Trade Payables4.643.3710.7424.5130.7923.0620.5620.1621.1720.09
Others Liabilities 1.622.945.8312.7113.7113.4919.9523.5521.3617.77
Total Liabilities 99.6091.4891.47110.96100.9180.1778.4476.5771.4069.83

Fixed Assets

Gross Block82.5082.8958.0958.1058.0358.0660.6960.5660.9160.88
Accumulated Depreciation23.0724.702.144.216.027.839.6211.4213.3913.88
Net Fixed Assets59.4358.1955.9553.8952.0150.2351.0649.1447.5247
CWIP 0000000000
Investments 16.5013.3213.5711.339.913.392.892.892.462.46
Inventories13.7010.622.498.996.735.485.333.835.695.50
Trade Receivables0.690.601.8722.4822.6711.8410.3312.328.896.72
Cash Equivalents 0.450.390.050.090.220.100.120.410.320.05
Others Assets8.828.3817.5414.199.379.138.707.986.538.11
Total Assets 99.6091.4891.47110.96100.9180.1778.4476.5771.4069.83

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.690.5910.951.8617.913.294.696.227.480.83
PBT -5.59-7.562.511.660.59-4.91-2.50-3.290.681.34
Adjustment 6.045.74-0.053.664.103.654.434.153.993.04
Changes in Working Capital -1.142.418.5-3.4613.224.556.035.362.81-3.54
Tax Paid 000000-3.26000
Cash Flow From Investing Activity 0.453.270.19-3.150.210.310.26-1.020.010.30
Capex 0.14-0.41-0.150-0.19-0.03-0.06-1.17-0.41-0.05
Net Investments 03.320-3.76000000
Others 0.300.350.340.610.390.340.320.160.420.36
Cash Flow From Financing Activity 0.36-3.92-11.151.34-17.98-3.73-4.93-4.91-7.59-1.40
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00019.87-14.62-0.98-1.03-2.55-5.211.58
Interest Paid -4.84-4.60-1.77-2.21-2.68-2.18-2.95-2.50-2.45-2.88
Dividend Paid 0000000000
Others 5.200.69-9.38-16.32-0.69-0.57-0.950.150.06-0.10
Net Cash Flow 0.11-0.06-0.010.040.13-0.120.020.29-0.09-0.26
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-62.3-390.6712.554.21.64-16.64-26.23-17.463.766.89
ROCE (%)-1.18-6.17.25.25.02-5.461.1-0.7311.9915.56
Asset Turnover Ratio0.270.10.170.780.950.630.570.670.80.83
PAT to CFO Conversion(x)N/AN/A4.361.1230.36N/AN/AN/A110.62
Working Capital Days
Receivable Days92528568211189796549
Inventory Days19447415027293944322935
Payable Days112307321104131219238185165186

Khaitan (India) Ltd Stock News

Khaitan (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Khaitan India on 25-Apr-2025 16:59 is ₹90.00.
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 25-Apr-2025 16:59 the market cap of Khaitan India stood at ₹42.75.
The latest P/E ratio of Khaitan India as of 25-Apr-2025 16:59 is 7.75.
The latest P/B ratio of Khaitan India as of 25-Apr-2025 16:59 is 1.80.
The 52-week high of Khaitan India is ₹127.7 and the 52-week low is ₹63.41.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Khaitan India is ₹68.01 ( Cr.) .

About Khaitan (India) Ltd

Khaitan India is a part of Khaitan group, is in the business of manufacturing sugar and cane cultivation. The company was incorporated in 1936.

The company has a sugar unit at Plassey in Murshidabad district of West Bengal, which currently has a crushing capacity of 1,200 tons per day (TCD). The capacity is planned to go up to 1,500 TCD by 2007 and to 2,000 TCD by 2008. The company is installing a turbine to reduce fuel cost.

The company's agriculture division has 8,000 acres of land near its sugar unit, where a total of about 302,699 trees have been planted in the last 15 years. The plantations include litchi, mango, teak and kadam. It is estimated that after 10 years, the plantations might be valued anywhere between Rs 3,000 million and Rs 5,000 million.

The company has a 35% stake in Khaitan Electricals. It earns royalty income from the Khaitan brand name despite discontinuing marketing activities of KEL products.

Business areas of the company

  • The company mainly operates in manufacture and market of sugar.

The company works under three segments, namely, Marketing division, Sugar Division and Agriculture division.

Marketing division  used to market various products like lamps, bulbs, luminaries, home appliances, MCB, wires and other products.

Sugar division segment involved in manufacturing of sugar by using sugarcane.

Agriculture division segment engaged in growing and supplying of sugarcane.

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