Kridhan Infra Ltd - Stock Valuation and Financial Performance

BSE: 533482 | NSE: KRIDHANINF | Steel & Iron Products | Small Cap

Kridhan Infra Share Price

6.44 -0.33 -4.87%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Kridhan Infra

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Kridhan Infra stock performance -

mw4me loader
P/E Ratio (SA):
1.69
Market Cap:
61 Cr.
52-wk low:
2.9
52-wk high:
8.7

Is Kridhan Infra Ltd an attractive stock to invest in?

1. Is Kridhan Infra Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kridhan Infra Ltd is a below average quality company.

2. Is Kridhan Infra Ltd undervalued or overvalued?

The key valuation ratios of Kridhan Infra Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kridhan Infra Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kridhan Infra 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 Kridhan Infra:

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.
Kridhan Infra 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.3%4.2%3.7%1.7%-64.2%-6.3%-3.8%0%0%0%-
Value Creation
Index
-0.6-0.7-0.7-0.9-5.6-1.5-1.3NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.357.172.48859.618.827.416.83.50.91
Sales YoY Gr.--28.9%26.8%21.6%-32.3%-68.5%45.9%-38.9%-79.4%-75.4%-
Adj EPS 0.20.20.10.6-15.9-1.3-0.3-13.1-1.5-0.73.8
YoY Gr.--10.5%-23.5%330.8%-2941.1%NANANANANA-
BVPS (₹) 1111.71331.114.814.113.3-29.4-34.7-37.3-30.2
Adj Net
Profit
1.31.30.95.3-151-12.1-3.2-124-14.5-736
Cash Flow from Ops. -4.2-4.6-2-91.8-5.43.3-5.1-0.71.5-6.9-
Debt/CF from Ops. -3.6-3.2-8.9-0.1-3.35.5-3.8-33.114.1-4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -39.7%-57.3%-68.6%-75.4%
Adj EPS -216.1%NANANA
BVPS-214.6%-220.3%-241.2%NA
Share Price -20.5% 22% 0.7% 112.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.71.612.7-67.7-8.7-2.41624.82-11.3
Op. Profit
Mgn %
4.853.97.617-3.50.4-2.326.822.290.8
Net Profit
Mgn %
1.62.31.36.1-252.9-64.6-11.5-739.2-420.7-822.54288.6
Debt to
Equity
0.20.20.200.10.10.2-0.1-0.1-0.1-
Working Cap
Days
2163753965157391,4317306108453,964344
Cash Conv.
Cycle
131198201163183593380265092-9,903

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -68.58%

Sales growth is not so good in last 4 quarters at -14.50%

Latest Financials - Kridhan Infra Ltd.

Standalone Consolidated
TTM EPS (₹) 3.8 -14.8
TTM Sales (₹ Cr.) 0.8 0.8
BVPS (₹.) -30.2 -30.4
Reserves (₹ Cr.) -306 -307
P/BV -0.21 -0.21
PE 1.69 0.00
From the Market
52 Week Low / High (₹) 2.85 / 8.72
All Time Low / High (₹) 1.10 / 142.00
Market Cap (₹ Cr.) 61
Equity (₹ Cr.) 19
Face Value (₹) 2
Industry PE 22.2

Management X-Ray of Kridhan Infra:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kridhan Infra

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales80.2957.0872.3888.0159.6218.7927.4116.753.450.85
Operating Expenses 76.4454.2169.5681.3752.0819.4627.3117.142.520.66
Manufacturing Costs0.0200.010000.210.120.010
Material Costs75.0153.0567.6178.9246.9417.9426.1216.141.380
Employee Cost 0.760.440.981.441.150.630.280.230.280.28
Other Costs 0.640.710.961.023.990.890.700.650.850.38
Operating Profit 3.852.872.836.637.54-0.680.10-0.390.920.19
Operating Profit Margin (%) 4.8%5.0%3.9%7.5%12.7%-3.6%0.4%-2.3%26.8%22.2%
Other Income 1.802.132.054.162.832.381.561.310.751.03
Interest 3.082.402.732.251.732.1423.100.030.07
Depreciation 0.880.890.900.840.780.680.782.540.540.38
Exceptional Items 000-6.41-160.72-11-6.56-400.51-51.11-25.78
Profit Before Tax 1.691.711.251.30-152.86-12.11-7.68-405.23-50-25.01
Tax 0.440.420.310.46-0.270.050.07-1.050.27-0.02
Profit After Tax 1.251.300.940.84-152.59-12.16-7.75-404.18-50.28-24.99
PAT Margin (%) 1.6%2.3%1.3%1.0%-255.0%-64.7%-28.3%-2,413.0%-1,458.7%-2,957.9%
Adjusted EPS (₹)0.20.20.10.1-16.1-1.3-0.8-42.6-5.3-2.6
Dividend Payout Ratio (%)108%92%158%227%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 74.3486.5796.21295.09140.52133.42125.67-278.51-328.79-353.78
Share Capital 13.5614.8214.8218.9618.9618.9618.9618.9618.9618.96
Reserves 60.7871.7581.39276.13121.56114.46106.71-297.47-347.74-372.74
Minority Interest0000000000
Debt12.9613.4017.977.7317.6717.8519.2021.5020.4427.45
Long Term Debt1.620.070.040.030.030.020.01000
Short Term Debt11.3413.3317.937.7017.6417.8419.1921.5020.4427.45
Trade Payables1.598.529.681.119.023.836.075.191.681.45
Others Liabilities 10.275.2824.5312.7339.9848.1029.88333.37367.16356.62
Total Liabilities 99.16113.77148.39316.66207.18203.20180.8281.5560.4931.73

Fixed Assets

Gross Block21.2721.8932.4732.5628.1832.2532.2229.8627.2327.23
Accumulated Depreciation4.165.055.956.725.776.247.039.399.8510.23
Net Fixed Assets17.1116.8326.5225.8522.4126.0125.1920.4717.3716.99
CWIP 0000000000
Investments 30.5630.5630.56132.3499.40113.19109.1351.0236.531.81
Inventories14.2210.0910.141.053.410.380.66000
Trade Receivables17.5131.6246.9533.4733.5138.6027.196.763.960.49
Cash Equivalents 0.320.400.390.881.590.520.390.210.490.68
Others Assets19.4424.2733.83123.0746.8724.5118.263.092.1511.75
Total Assets 99.16113.77148.39316.66207.18203.20180.8281.5560.4931.73

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -4.15-4.56-2.03-91.79-5.383.26-5.08-0.651.46-6.90
PBT 1.691.711.251.30-152.86-12.11-7.68-405.23-50-25.01
Adjustment 2.391.161.57-2.78157.2711.457.80404.9751.6226.07
Changes in Working Capital -8.04-7.08-4.73-90.23-9.793.92-5.2-0.39-0.16-7.96
Tax Paid -0.19-0.35-0.13-0.08000000
Cash Flow From Investing Activity 1.571.511.32-98.34-0.13-2.435.621.270.030.15
Capex 0-0.62-0.74-0.17-0.14-4.294.07-0.1400
Net Investments 000-101.78000.020.2000
Others 1.572.132.053.600.011.861.531.210.030.15
Cash Flow From Financing Activity 1.853.130.70190.626.23-1.91-0.66-0.81-1.216.93
Net Proceeds from Shares 8.498.530204.59-0.0900000
Net Proceeds from Borrowing 000000.230000
Interest Paid -3.08-2.40-2.73-2.25-1.73-2.14-2-3.10-0.03-0.07
Dividend Paid -0.62-1.45-1.17-1.48-1.8900000
Others -2.94-1.554.61-10.249.9401.342.29-1.187.01
Net Cash Flow -0.740.08-0.010.490.72-1.08-0.12-0.190.280.19
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.81.611.030.43-70.06-8.88-5.98N/AN/AN/A
ROCE (%)5.274.223.71.68-64.15-6.34-3.84N/AN/AN/A
Asset Turnover Ratio0.830.540.550.380.230.090.140.130.050.02
PAT to CFO Conversion(x)-3.32-3.51-2.16-109.27N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days84157198167205701438370567961
Inventory Days5878512314377000
Payable Days1335492539131691279100

Kridhan Infra Ltd Stock News

Kridhan Infra Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kridhan Infra on 20-Dec-2024 16:59 is ₹6.44.
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 20-Dec-2024 16:59 the market cap of Kridhan Infra stood at ₹61.04.
The latest P/E ratio of Kridhan Infra as of 20-Dec-2024 16:59 is 1.69.
The latest P/B ratio of Kridhan Infra as of 20-Dec-2024 16:59 is -0.21.
The 52-week high of Kridhan Infra is ₹8.72 and the 52-week low is ₹2.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kridhan Infra is ₹0.84 ( Cr.) .

About Kridhan Infra Ltd

Readymade Steel India (RMS) was incorporated on March 21, 2006 under Companies Act, 1956 in Maharashtra. It is an ISO 9001:2008 certified steel service provider with an installed capacity of 27,000 MTPA and also one of the pioneers of introducing the concept of readymade steel products in the country. The company currently operates from its plant located at Khopoli, Raigad district, Maharashtra. The plant consists of automated shear lines, bending lines, cutting lines, automated stirrup machines etc. and is supported by other material handling equipments. Anil Agrawal is the founder promoter of the company and has more than a decade of experience in steel industry. The current staff strength is 36 which include qualified and experienced professionals.

The major customers of company are infrastructure developers and contractors. The company, since last few years, is successfully obtaining orders from major construction companies like Larsen & Toubro Limited, Nagarjuna Constructions Company Limited, etc. to supply ready to use steel products for their construction needs. It has supplied steel products to Mumbai Mono Rail Project, Sahar Elevated Access Road, Mumbai, Nasik Elevated Corridor, Palais Royale, Mumbai etc.

The company's products find their application in all kinds of construction activities spanning across bridges, mono rail, metro rail, airports, malls, hotels, buildings, factories etc. These products are processed from iron and steel products such as re-bars fulfilling domestic and international design requirements. The company intends to add more value added products, like the welded steel mesh, standard stirrups etc., this will enable it to become a one stop solution provider to all the reinforcement needs of the customers.

The company is now expanding business both in terms of productive capacity and geographical reach by expanding the existing facility at Khopoli and setting-up additional facilities near New Delhi and Raipur respectively. With this expansion, the existing capacity at Khopoli will be increased from 27,000 MTPA to 90,000 MTPA and proposed new facilities near New Delhi and Raipur will be having capacity of 50,000 MTPA each. Since company offers niche and relatively new product in India it faces limited competition.

Products

Stirrups (Cut & Bend)

The cutting and bending of steel is one of the most important aspects in any kind of construction or infrastructure projects. This could be done on site manually and conventionally, it is done as such. The traditional method, though, may result in inaccurate dimensions and improperly bent bars. The company’s skilled operators, work in an organised and controlled setup which results in consistently superior quality products. Reinforcement bars of various diameters (normally ranging from 6 mm to 40 mm) are cut and bent as per the bar bending schedule.

Prefabricated Cages

Prefabricated cages are made by piecing together rebars and stirrups as per the structural drawings. Two connecting cages are aligned on ground before installation. This ensures that the cages fit perfectly during installation. 

Projects

  • Mumbai Mono Rail Projects
  • Sahar Elevated Access Road
  • Nashik Elevated Corridor
  • Phoenix Mills Market City, Kurla
  • Palais Royal, Mumbai

Group Companies

  • Ready Made Steel
  • Kridhan Infrastructure
  • Kridhan Infra Solutions
  • Kh Foges Pte Ltd (Singapore)
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