Kinetic Engineering Ltd.

NSE: KINETICENG BSE: 500240 SECTOR: Auto Ancillary  10k   22   2

118.00
-6.20 (-4.99%)
BSE: 09 Jun 05:10 PM

Price Summary

Today's High

₹ 125

Today's Low

₹ 118

52 Week High

₹ 153.7

52 Week Low

₹ 0

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

234.54 Cr.

Enterprise Value

305.65 Cr.

No. of Shares

1.99 Cr.

P/E

74.93

P/B

8.16

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  14.45

CASH

0.28 Cr.

DEBT

71.38 Cr.

Promoter Holding

54.13 %

EPS (TTM)

₹  1.57

Sales Growth

44.94%

ROE

0 %

ROCE

9.95%

Profit Growth

121.84 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year44.94%
3 Year1.64%
5 Year8.87%

Profit Growth

1 Year121.84%
3 Year29.4%
5 Year16.05%

ROE%

1 Year0%
3 Year0%
5 Year-30.66%

ROCE %

1 Year9.95%
3 Year2.36%
5 Year0.24%

Debt/Equity

5.6046

Price to Cash Flow

151.05

Interest Cover Ratio

1.20604940702482

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 54.13 0
Dec 2022 54.67 0
Sep 2022 52.58 0
Jun 2022 51.83 0
Mar 2022 51.83 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 29.3984468946507% for the Past 3 years.
  • Company’s PEG ratio is 0.62095462776124.
  • The company has an efficient Cash Conversion Cycle of -135.856248053024 days.
  • The company has a high promoter holding of 54.13%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 248.008461282742.

 Limitations

  • The company has shown a poor revenue growth of 1.6402000541871% for the Past 3 years.
  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of 2.35621778897589% over the past 3 years
  • Company has high Debt to Equity ratio of 5.6046.
  • Tax rate is low at 0.
  • The company has a low EBITDA margin of 2.58448267588876% over the past 5 years.
  • The company has negative book value.
  • The company is trading at a high PE of 74.93.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 33.62 31.32 34.54 32.75 37.07
Total Expenditure 30.6 29.69 30.19 29.59 32.38
Operating Profit 3.02 1.63 4.35 3.16 4.69
Other Income 0.72 0.6 0.68 0.37 0.5
Interest 1.56 1.76 1.77 1.43 1.42
Depreciation 1.6 1.58 1.61 1.62 1.66
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.58 -1.11 1.65 0.48 2.11
Tax 0 0 0 0 0
Profit After Tax 0.58 -1.11 1.65 0.48 2.11
Adjusted EPS (Rs) 0.31 -0.59 0.87 0.24 1.06

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 100.94 115.77 115.75 83.87 121.56
Total Expenditure 101.86 115.84 115.22 80.04 110.79
Operating Profit -0.92 -0.07 0.53 3.83 10.77
Other Income 6.02 5.23 4.17 3.17 3.66
Interest 4.96 5.98 6.6 6.44 6.6
Depreciation 7.91 7.34 7.21 6.78 6.47
Exceptional Items 0 0 0 0 0
Profit Before Tax -7.77 -8.16 -9.12 -6.23 1.36
Tax 0 0 0 0 0
Net Profit -7.77 -8.16 -9.12 -6.23 1.36
Adjusted EPS (Rs.) -4.39 -4.61 -5.15 -3.52 0.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 37.34 37.34 37.34 37.34 38.34
Total Reserves -5.28 -14.1 -23.52 -29.63 -25.6
Borrowings 25.02 34.79 34.54 36.4 38.26
Other N/C liabilities 20.47 18.19 15.52 18.43 15.31
Current liabilities 77.88 84.84 84 82.45 83.38
Total Liabilities 155.43 161.06 147.87 145 149.69
Assets
Net Block 87.79 83.02 77.6 72.46 68.64
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 7.1 6.5 5.42 5.6 4.61
Loans & Advances 3.14 3.12 3.09 3.31 3.08
Other N/C Assets 2.07 2.07 2.07 2.07 2.07
Current Assets 55.34 66.35 59.7 61.56 71.3
Total Assets 155.43 161.06 147.87 145 149.69
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -7.51 -8.81 -9.42 -6.11 1.54
Adjustment 10.36 9.28 10.9 10.84 10.74
Changes in Assets & Liabilities 4.31 0.08 5.18 -5.15 -10.71
Tax Paid 0.48 0.35 -0.12 1.12 -0.02
Operating Cash Flow 7.65 0.89 6.54 0.71 1.55
Investing Cash Flow -5.25 -0.47 -0.58 -1.74 -1.27
Financing Cash Flow -3.5 -0.57 -5.57 0.46 -0.28
Net Cash Flow -1.1 -0.15 0.39 -0.58 0.01

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 51.83 51.83 52.58 54.67 54.13
micro age instrume... 22.33 21.14 21.14 20.81 -
microage instrumen... - - - - 18.09
micro age instrume... - - - - -
jayashree arun fir... 19.62 18.58 18.58 18.29 19.33
ajinkya arun firod... 6.38 11.36 11.36 12.73 6.75
arun hastimal firo... 0.80 0.76 0.76 0.74 0.65
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 48.17 48.17 47.42 45.33 45.87
ashoka investment ... 9.88 9.36 9.36 - -
reliance corporate... 3.39 3.21 3.21 - -
reliance value ser... 3.39 3.21 3.21 - -
reliance value ser... - - - - -
harsha hitesh jave... 2.29 2.17 2.17 2.13 2.24
aia singapore priv... - - - - -
aia international ... - - - - -
hitesh ramji javeri - - - - -
hitedh ramji javeri 1.13 1.07 1.07 1.05 -
veena k jagwani - - - 1.00 -
llp 0.01 - - - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Kinetic Engg - Quaterly Results30 May 2023, 3:46PM Kinetic Engg - Quaterly Results14 Feb 2023, 12:21PM Kinetic Engineering informs about certificate19 Jan 2023, 1:14PM Kinetic Engineering commences production of chassis, other assemblies for electric avatar of Luna26 Dec 2022, 3:42PM Kinetic Engineering informs about press release 26 Dec 2022, 12:56PM Kinetic Engineering informs about disclosure of related party transactions29 Nov 2022, 11:09AM Kinetic Engineering informs about press release15 Nov 2022, 5:03PM Kinetic Engg - Quaterly Results14 Nov 2022, 4:39PM Kinetic Engineering informs about press release3 Nov 2022, 12:41PM Kinetic Engineering informs about loss of share certificate 13 Oct 2022, 4:59PM Kinetic Engineering informs about certificate 12 Oct 2022, 10:02AM Kinetic Engineering informs about proceedings of AGM 30 Sep 2022, 9:45AM Kinetic Engineering forms subsidiary to focus on growing EV Market 12 Aug 2022, 6:00PM Kinetic Engineering informs about disclosure7 Jun 2022, 4:51PM Kinetic Engineering informs about compliance report30 May 2022, 5:19PM Kinetic Engg - Quaterly Results25 May 2022, 12:49PM Kinetic Engg - Quaterly Results25 May 2022, 12:49PM Kinetic Engg - Quaterly Results25 May 2022, 12:49PM Kinetic Engineering informs about non applicability of large entities 30 Apr 2022, 10:33AM Kinetic Engineering informs about compliance certificate6 Apr 2022, 4:45PM Kinetic Engineering informs about newspaper advertisement 14 Feb 2022, 11:25AM Kinetic Engg - Quaterly Results11 Feb 2022, 1:18PM Kinetic Engineering planning to focus on EV segment10 Feb 2022, 11:46AM Kinetic Engineering informs about issue of duplicate certificate4 Dec 2021, 4:20PM Kinetic Engineering informs about press release15 Nov 2021, 4:40PM Kinetic Engineering informs about appointment of assistant company secretary 9 Sep 2021, 2:37PM Kinetic Engineering informs about resignation of company secretary 7 Sep 2021, 4:42PM Kinetic Engineering informs about AGM notice and annual report4 Sep 2021, 10:17AM Kinetic Engineering informs about disclosure28 Jul 2021, 12:58PM Kinetic Engineering informs about scrutinizer’s report16 Mar 2021, 4:23PM Kinetic Engineering informs about postal ballot11 Feb 2021, 11:04AM Kinetic Engineering informs about compliance certificate9 Oct 2020, 3:14PM Kinetic Engineering informs about trading window closure 3 Oct 2020, 12:47PM Kinetic Engineering informs about newspaper publication9 Sep 2020, 3:48PM Kinetic Engineering partially resumes operations at Ahmednagar factory4 Jun 2020, 2:43PM

Kinetic Engg Stock Price Analysis and Quick Research Report. Is Kinetic Engg an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Kinetic Engg is performing and if it is the right time to buy the stock of Kinetic Engg with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Kinetic Engg has reported outstanding sales growth of 44.9446401190422 % and in the latest quarter sales was Rs 37.07 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 3.69302978382122 times for Kinetic Engg . It is managing its inventory poorly .
     
  • The company reported Profit growth of 121.838729873341 % over the year, where the latest year profit is Rs 1.3604 Cr compared to the previous year of Rs -6.2293 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 4.69 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Kinetic Engg has a poor ROE of 0 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Kinetic Engg has a high Debt to Equity ratio of 5.6046.
     
  • Kinetic Engg pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in the company is high at 54.13 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Kinetic Engg is 74.9349082364895 compared to the 5 year average PE of 23.2641275952152 .
Brief about Kinetic Engg

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