About Company: Kabra Extrusiontechnik Ltd (KET), a part of
Kolsite group is a leading manufacturer of Plastic extrusion machinery in
India. It offers a wide range of hi-tech single and twin screw extrusion lines
for pipes, profiles, pellets, teleduct and mono & multilayer blown films
plants. The company has over four decades of rich experience in plastics
industry. It has got the coveted ‘Two Star Export House’ status. The Company
has won ‘Excellence in Export’ award five times and also is an ISO 9000 Company.It
has 2 manufacturing units in Daman.
The Company
has technical collaboration with Battenfeld Cincinnati GmbH and has access to
its technology for manufacturing Pipe Extrusion Lines. The Company also has
access to technology of Gloucester Engineering Company Inc. USA (GEC) to
manufacture high-end Blown Film Plants which find application in packaging for
lamination, shrink and stretch wraps.
The Company also offers PVC pipe extrusion
lines in single as well as dual strand with Battenfeld Cincinnati technology.
The Company manufactures round and flat drip lines having application in the
irrigation field. The extrusion machines supplied by KET facilitate space
savings, lower energy consumption and high quality output for its customers.
KET has been
making a major export thrust. The Extrusion lines manufactured by KET match
international quality standards making them globally accepted.
It has made
substantial inroads into the African, West Asian & South East Asian markets
& has selectively supplied even to the advanced European market too. Company
already
has Extrusion Plants installed in 60 Countries. :
Financial Performance last 5 years
|
|||||
(INR Cr.)
|
2015
|
2014
|
2013
|
2012
|
2011
|
Income
Statement
|
|||||
Revenue
|
271.28
|
223.16
|
179.94
|
192
|
220.27
|
Other
Income
|
8.52
|
2.12
|
5.05
|
3
|
5.83
|
Total
Income
|
279.79
|
225.29
|
184.99
|
195
|
226.1
|
Expenditure
|
-241.69
|
-200.04
|
-163.54
|
-176.75
|
-186.59
|
Interest
|
-3.44
|
-1.84
|
-2.78
|
-1.01
|
-0.46
|
PBDT
|
34.66
|
23.4
|
18.68
|
17.24
|
39.06
|
Depreciation
|
-7.61
|
-5.93
|
-5.84
|
-4.65
|
-3.88
|
PBT
|
27.05
|
17.48
|
12.84
|
12.59
|
35.18
|
Tax
|
-5.36
|
-3.26
|
-1.98
|
-3.35
|
-9.36
|
Net
Profit
|
22.4
|
14.21
|
10.86
|
10.01
|
25.82
|
Equity
|
15.95
|
15.95
|
15.95
|
15.95
|
15.95
|
EPS
|
7.02
|
4.46
|
3.4
|
3.14
|
8.09
|
CEPS
|
9.41
|
6.31
|
5.24
|
4.6
|
9.31
|
OPM
%
|
14.05
|
11.31
|
11.92
|
9.5
|
17.94
|
NPM
%
|
8.26
|
6.37
|
6.04
|
5.21
|
11.7
|
Dividend(Rs)
|
2
|
1.5
|
1
|
1
|
1.75
|
Company has
been consistently paying dividend in last 5 years this year it has shown
excellent results which resulted in 50% growth in net profitability.
Stock is available
at PE multiple of 10 going forward with improving margin and increase in demand
company can further improve financial performance and in a good position to
deliver EPS of 12 in next 2 years .Stock can touch price of Rs 120 in 2 years .Currently
available at CMP of Rs 70 with Rs 2
dividend. If stock is acquired and held for 14 month (Dividend normally is
received in Aug) investor could earn 2
dividends that could result in tax-free dividend yield of 6% plus capital appreciation.
A good stock for long term investor
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