KENNAMETAL INDIA has announced its results for the year ended June 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Jun-17* | 12 Jun-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 6,077 | 7,931 | 30.5% |
Other income | Rs m | 59 | 84 | 43.3% |
Total Revenues | Rs m | 6,136 | 8,015 | 30.6% |
Gross profit | Rs m | 528 | 927 | 75.7% |
Depreciation | Rs m | 283 | 281 | -0.6% |
Interest | Rs m | 0 | 0 | 0.0% |
Profit before tax | Rs m | 304 | 730 | 140.4% |
Tax | Rs m | 60 | 207 | 245.6% |
Profit after tax | Rs m | 244 | 523 | 114.6% |
Gross profit margin | % | 8.7 | 11.7 | |
Effective tax rate | % | 19.7 | 28.4 | |
Net profit margin | % | 4.0 | 6.6 |
New Research: 2 stocks to buy as Nifty50 heads towards 40,000
No. of Mths Year Ending | 12 Jun-17* | 12 Jun-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 3,939 | 4,385 | 11.3 |
Current Liabilities | Rs m | 1,387 | 1,936 | 39.6 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 7,436 | 8,658 | 16.4 |
Current assets | Rs m | 3,340 | 4,131 | 23.7 |
Fixed Assets | Rs m | 4,095 | 4,527 | 10.5 |
Total Assets | Rs m | 7,436 | 8,658 | 16.4 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Jun-17 | Jun-18 | ||
Cash Flow from Operating Activities | Rs m | 772 | 629 | -18.5% |
Cash Flow from Investing Activities | Rs m | -446 | -552 | - |
Cash Flow from Financing Activities | Rs m | -53 | -53 | - |
Net Cash Flow | Rs m | 273 | 24 | -91.2% |
No. of Mths Year Ending | 12 Jun-17* | 12 Jun-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 276.5 | 360.8 |
TTM Earnings per share | Rs | 11.1 | 23.8 |
Diluted earnings per share | Rs | 11.1 | 23.8 |
Price to Cash Flow | x | 25.8 | 21.9 |
TTM P/E ratio | x | 61.5 | 31.5 |
Price / Book Value ratio | x | 3.5 | 4.0 |
Market Cap | Rs m | 13,956 | 17,572 |
Dividends per share (Unadj.) | Rs | 2.0 | 2.0 |
Current Ratio: The company's current ratio deteriorated and stood at 2.1x during FY, from 2.4x during FY. The current ratio measures the company's ability to pay short-term and long-term obligations.
Return on Equity (ROE): The ROE for the company improved and stood at 11.9% during FY, from 6.2% during FY. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 16.6% during FY, from 7.7% during FY. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at 6.0% during FY, from 3.3% during FY. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Jun-17* | 12 Jun-18* | |
---|---|---|---|
Current ratio | x | 2.4 | 2.1 |
Debtors’ Days | Days | 662 | 66 |
Interest coverage | x | 0.0 | 0.0 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 3.3 | 6.0 |
Return on equity | % | 6.2 | 11.9 |
Return on capital employed | % | 7.7 | 16.6 |
To see how KENNAMETAL INDIA has performed over the last 5 years, please visit here.
Over the last one year, KENNAMETAL INDIA share price has moved up from Rs 616.9 to Rs 709.3, registering a gain of Rs 92.5 or around 15.0%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,476.7 (down 0.1%). Over the last one year it has moved up from 16,446.0 to 18,476.7, a gain of 2,031 points (up 12.3%).
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for KENNAMETAL INDIA and quarterly results for KENNAMETAL INDIA)
KENNAMETAL INDIA currently trades at Rs 2,379.2 per share. You can check out the latest share price performance of KENNAMETAL INDIA here...
The revenues of KENNAMETAL INDIA stood at Rs 8,015 m in FY, which was up 30.6% compared to Rs 6,136 m reported in FY.
KENNAMETAL INDIA's revenue has grown from Rs 5,371 m in FY to Rs 8,015 m in FY.
Over the past 3 years, the revenue of KENNAMETAL INDIA has grown at a CAGR of 22.2%.
The net profit of KENNAMETAL INDIA stood at Rs 523 m in FY, which was up 114.6% compared to Rs 244 m reported in FY.
This compares to a net profit of Rs 207 m in FY.
Over the past 3 years, KENNAMETAL INDIA net profit has grown at a CAGR of 58.8%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of KENNAMETAL INDIA reveals:
Here's the cash flow statement of KENNAMETAL INDIA for the past 3 years.
(Rs m) | FY | FY | FY |
---|---|---|---|
From Operations | 174 | 772 | 629 |
From Investments | -424 | -446 | -552 |
From Financial Activity | -51 | -53 | -53 |
Net Cashflow | -300 | 273 | 24 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of KENNAMETAL INDIA reveals:
Here's the ratio/financial analysis of KENNAMETAL INDIA for the past 3 years.
FY | FY | FY | |
---|---|---|---|
Operating Profit Margin (%) | 8.7 | 8.7 | 11.7 |
Net Profit Margin (%) | 3.9 | 4.0 | 6.6 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of KENNAMETAL INDIA
Equitymaster requests your view! Post a comment on "KENNAMETAL INDIA 2017-18 Annual Report Analysis". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!