BSE: 0 | NSE: KRISHIVAL | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Krishival Foods Ltd is a average quality company.
The key valuation ratios of Krishival Foods Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Krishival Foods 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.9% | 8.4% | 6.3% | 14% | 16.1% | 13.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.6 | 0 | 0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 50 | 44 | 28.1 | 51.8 | 70 | 103 | 103 |
| Sales YoY Gr. | - | -12.1% | -36% | 84% | 35.3% | 46.5% | - |
| Adj EPS ⓘ | 0.3 | 0.3 | 0.4 | 1.7 | 3.4 | 4.3 | 4.4 |
| YoY Gr. | - | 13.3% | 11.8% | 336.8% | 105.4% | 24.6% | - |
| BVPS (₹) ⓘ | 0 | 0 | 13.4 | 21.3 | 24.7 | 54.8 | 54.8 |
| Adj Net Profit ⓘ | 0.4 | 0.5 | 0.6 | 3.3 | 6.8 | 9.5 | 10 |
| Cash Flow from Ops. ⓘ | -0.2 | 2.8 | 3.7 | 4.7 | -29.4 | -33.3 | - |
| Debt/CF from Ops. ⓘ | -57.8 | 3.7 | 3.6 | 2.3 | -0.3 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 15.5% | 53.9% | 46.5% | ||||
| Adj EPS ⓘ | NA | 69.9% | 123.6% | 24.6% | ||||
| BVPSⓘ | NA | NA | 60.1% | 122.4% | ||||
| Share Price | - | - | - | -7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.6 | 2.7 | 2.9 | 10.6 | 12.6 | 10.1 | 8 |
| Op. Profit Mgn % ⓘ | 6.9 | 8.7 | 11.9 | 13.4 | 15 | 12.8 | 15.7 |
| Net Profit Mgn % ⓘ | 0.9 | 1.1 | 2 | 6.3 | 9.6 | 9.2 | 9.5 |
| Debt to Equity ⓘ | 0.5 | 0.6 | 0.7 | 0.3 | 0.2 | 0.1 | 0.2 |
| Working Cap Days ⓘ | 0 | 133 | 237 | 143 | 212 | 296 | 299 |
| Cash Conv. Cycle ⓘ | 0 | 71 | 103 | 62 | 103 | 187 | 230 |
Sales growth is growing at healthy rate in last 3 years 53.94%
Net Profit is growing at healthy rate in last 3 years 123.63%
Sales growth is good in last 4 quarters at 52.91%
Return on Equity has declined versus last 3 years average to 8.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.4 | 4.3 |
| TTM Sales (₹ Cr.) | 103 | 103 |
| BVPS (₹.) ⓘ | 54.8 | 54.7 |
| Reserves (₹ Cr.) ⓘ | 100 | 100 |
| P/BV ⓘ | 4.83 | 4.85 |
| PE ⓘ | 60.50 | 61.48 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 591 |
| Equity (₹ Cr.) | 22.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 50 | 44 | 28 | 52 | 70 | 103 |
| Operating Expenses ⓘ | 47 | 40 | 25 | 45 | 60 | 89 |
| Manufacturing Costs | 5 | 6 | 3 | 4 | 5 | 6 |
| Material Costs | 36 | 29 | 19 | 36 | 49 | 73 |
| Employee Cost | 2 | 2 | 1 | 1 | 2 | 3 |
| Other Costs ⓘ | 4 | 5 | 3 | 3 | 4 | 7 |
| Operating Profit ⓘ | 3 | 4 | 3 | 7 | 10 | 13 |
| Operating Profit Margin (%) | 6.7% | 8.3% | 11.4% | 13.4% | 14.9% | 12.8% |
| Other Income ⓘ | 0 | 1 | 0 | 1 | 1 | 2 |
| Interest ⓘ | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 2 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 1 | 4 | 9 | 12 |
| Tax ⓘ | 1 | 1 | 0 | 1 | 2 | 3 |
| Profit After Tax | 1 | 1 | 1 | 3 | 7 | 10 |
| PAT Margin (%) | 1.1% | 1.5% | 2.4% | 6.6% | 9.7% | 9.5% |
| Adjusted EPS (₹) | 0.4 | 0.5 | 0.5 | 1.7 | 3.4 | 4.4 |
| Dividend Payout Ratio (%) | 44% | 0% | 0% | 3% | 5% | 5% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 17 | 19 | 19 | 42 | 49 | 122 | ||||
| Share Capital ⓘ | 15 | 15 | 15 | 20 | 20 | 22 | ||||
| Reserves ⓘ | 3 | 4 | 5 | 22 | 29 | 100 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 9 | 11 | 13 | 8 | 6 | 6 | ||||
| Long Term Debt | 9 | 10 | 9 | 8 | 6 | 6 | ||||
| Short Term Debt | 0 | 0 | 4 | 0 | 0 | 0 | ||||
| Trade Payables | 6 | 1 | 2 | 1 | 1 | 3 | ||||
| Others Liabilities ⓘ | 1 | 1 | 1 | 4 | 22 | 4 | ||||
| Total Liabilities ⓘ | 33 | 32 | 36 | 54 | 79 | 135 | ||||
Fixed Assets | ||||||||||
| Gross Block | 20 | 21 | 21 | 22 | 24 | 34 | ||||
| Accumulated Depreciation | 4 | 6 | 7 | 9 | 10 | 12 | ||||
| Net Fixed Assetsⓘ | 16 | 15 | 14 | 13 | 14 | 22 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 1 | 0 | 1 | 1 | 1 | 2 | ||||
| Inventories | 7 | 8 | 9 | 11 | 25 | 69 | ||||
| Trade Receivables | 8 | 2 | 1 | 0 | 4 | 11 | ||||
| Cash Equivalents | 0 | 0 | 1 | 20 | 3 | 6 | ||||
| Others Assetsⓘ | 1 | 6 | 11 | 9 | 31 | 26 | ||||
| Total Assets ⓘ | 33 | 32 | 36 | 54 | 79 | 135 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 3 | 4 | 5 | -29 | -33 |
| PBT ⓘ | 1 | 1 | 1 | 4 | 9 | 12 |
| Adjustment ⓘ | 3 | 3 | 2 | 3 | 2 | 3 |
| Changes in Working Capital ⓘ | -3 | -1 | 0 | -2 | -38 | -46 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | 1 | 0 | -1 | -2 | -1 | -10 |
| Capex | 0 | -2 | 0 | -1 | -2 | -10 |
| Net Investments | 1 | 0 | -1 | 0 | 0 | -1 |
| Others ⓘ | 0 | 1 | 0 | -2 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -3 | -3 | -2 | 16 | 13 | 46 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 19 | 0 | 64 |
| Net Proceeds from Borrowing ⓘ | -3 | -2 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -1 | -2 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -1 | -2 | 15 | -17 |
| Net Cash Flow ⓘ | -2 | 0 | 1 | 18 | -17 | 3 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.31 | 3.7 | 3.47 | 11.02 | 14.87 | 11.42 | ||||
| ROCE (%) | 7.87 | 8.42 | 6.34 | 14.04 | 16.06 | 13.1 | ||||
| Asset Turnover Ratio | 1.52 | 1.35 | 0.82 | 1.15 | 1.05 | 0.96 | ||||
| PAT to CFO Conversion(x) | 0 | 3 | 4 | 1.67 | -4.14 | -3.3 | Working Capital Days | |||
| Receivable Days | 56 | 42 | 20 | 4 | 12 | 28 | ||||
| Inventory Days | 49 | 62 | 109 | 70 | 95 | 167 | ||||
| Payable Days | 61 | 48 | 35 | 14 | 6 | 10 | ||||
Empyrean Cashews commenced operations in 2014 under the name and style of the brand ‘Krishival Cashews’. The company was incorporated in 2014 and is engaged in processing raw cashew nuts into finished cashew kernels in different flavours, with a presence in many tier II and tier III towns and cities. It primarily caters to the domestic market with a network of many distributors across India. It procures majority of its raw materials by way of import from certain African and Asian countries and also from the Konkan region of India.
The company focus on quality of its products to increase its presence across the country. The company has one Subsidiary namely, Siddhivinayak Cashew Industries. In addition to processing raw cashews it is also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after processing of the raw cashews. Based on the audited restated financials for FY 2021, 93% of its revenue is derived from sale of cashews whilst remaining 7% is derived from sale of organic manure.
The company’s product portfolio include different flavours of cashews such as salted, pepper, chilli and assorted - all offered in different grades and packaging formats. The grades of the cashew kernels are based on the size of cashew nuts. The company has following grades available in 100 grams, 250 grams, 500 grams as well as 10 kilograms packings: (a) Premium grades such as W180, W210, P210, W240 and P240 (b). Other grades include W320, P320, W400, SSW, DW, RW, KW, JJH, JH, JK, LWP, SP, SWP, BB as well as flavoured cashew. The products are processed under hygienic condition following the specific food grade standards recommended by the industry. The products are supplied to different channels which include distributors, supermarkets, retailers as well as wholesalers. Also, the products of the company are sold over the counter to tourists and localites who visit its packaging unit. The company also supplies organic manure which is a derived from husk and other biodegradable material left after the processing of raw cashews. The organic manure is used in agriculture to improve soil fertility and enhance crop productivity. Its organic manure is purchased by the local farmers at its processing unit itself.
Business area of the company
Empyrean Cashews engages in the processing of raw cashew nuts into flavoured cashews. The company product portfolio includes different flavours of cashews such as salted, pepper, chilli and assorted - all offered in different grades and packaging formats.
Major Events and Milestones
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