Share the post "KIC Metaliks ‘s Q1 Report: Revenue Falls by 22.03% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -22.03 % over the year, decrease in net sales/revenue by -23.93 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.43 %, Marginal decrease of -91.52% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for KIC Metaliks Ltd.. Profit dropped by -47.75 % Year to Year, KIC Metaliks Ltd.’s profitability dropped by -163.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -47.83 % Year to Year. EPS decreased by -164.86 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 229.526 Cr | Rs. 235.262 Cr | Rs. 178.966 Cr | -23.93 % | -22.03 % |
| Expenses | Rs. 221.26 Cr | Rs. 233.59 Cr | Rs. 171.79 Cr | -26.46 % | -22.36 % |
| Operating Profit | Rs. 8.27 Cr | Rs. 1.67 Cr | Rs. 7.18 Cr | + 329.94 % | -13.18 % |
| OPM % | 3.6 % | 0.71 % | 4.01 % | + 3.3 % | + 0.41 % |
| Other Income | Rs. 0.201 Cr | Rs. 2.029 Cr | Rs. 0.172 Cr | -91.52 % | -14.43 % |
| Interest | Rs. 2.86 Cr | Rs. 2.69 Cr | Rs. 2.83 Cr | + 5.2 % | -1.05 % |
| Depreciation | Rs. 3.68 Cr | Rs. 3.73 Cr | Rs. 3.72 Cr | -0.27 % | + 1.09 % |
| Profit before tax | Rs. 1.93 Cr | Rs. -2.72 Cr | Rs. 0.8 Cr | + 129.41 % | -58.55 % |
| Tax % | 15.63 % | -51.16 % | 5.73 % | + 56.89 % | -9.9 % |
| Net Profit | Rs. 1.63 Cr | Rs. -1.33 Cr | Rs. 0.85 Cr | + 163.91 % | -47.85 % |
| EPS in Rs | Rs. 0.46 | Rs. -0.37 | Rs. 0.24 | + 164.86 % | -47.83 % |
Today, we’re looking at KIC Metaliks Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.03 %. However, it did see a marginal slip of -23.93 % from the previous quarter. Expenses decreased slightly by -26.46 % quarter-on-quarter, aligning with the annual decline of -22.36 %. Operating profit, while down -13.18 % compared to last year, faced a quarter-on-quarter increase of 329.94 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.41 %, but an expansion of 3.3 % sequentially. Other income fell by -91.52 % compared to the last quarter, despite an annual decline of -14.43 %. Interest expenses surged remarkably by 5.2 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.05 %. Depreciation costs fell by -0.27 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.09 %. Profit before tax declined annually by -58.55 % but saw an increase from the preceding quarter by 129.41 %.
Tax expenses as a percentage of profits decreased slightly by -9.9 % compared to last year, with a more notable quarter-on-quarter increase of 56.89 %. Net profit fell by -47.85 % year-on-year but experienced a 163.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -47.83 % but a quarterly rise of 164.86 %. In summary, KIC Metaliks Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 229.526 Cr | Rs. 235.262 Cr | Rs. 178.966 Cr | -23.93 % | -22.03 % |
| Expenses | Rs. 221.26 Cr | Rs. 233.59 Cr | Rs. 171.79 Cr | -26.46 % | -22.36 % |
| Operating Profit | Rs. 8.27 Cr | Rs. 1.67 Cr | Rs. 7.18 Cr | + 329.94 % | -13.18 % |
| Net Profit | Rs. 1.63 Cr | Rs. -1.33 Cr | Rs. 0.85 Cr | + 163.91 % | -47.85 % |
| EPS in Rs | Rs. 0.46 | Rs. -0.37 | Rs. 0.24 | + 164.86 % | -47.83 % |
In reviewing KIC Metaliks Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.03 % year-on-year, although there was a slight dip of -23.93 % from the previous quarter. Expenses decreased by -22.36 % compared to the previous year, with a decrease of -26.46 % quarter-on-quarter. Operating Profit dropped by -13.18 % annually, and saw a 329.94 % increase from the last quarter.
Net Profit showed yearly decrease of -47.85 %, and experienced a 163.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -47.83 % annually, however rose by 164.86 % compared to the last quarter. In essence, while KIC Metaliks Ltd. faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
32
3-Year Profit
25
5-Year Profit
9
10-Year Profit
283
Current Price
3,055
Market Cap
For the company identified by BSE code 540797, the financial performance highlights a solid five-year profit of 25 units. This figure escalates to 32 units over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 26 units. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 26 units but has since plummeted to 15 units recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 units, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
With a market capitalization of ₹3,055 crore, the company’s stock is currently trading at ₹283, having fluctuated within a range of ₹340 / 210 over the years. The stock's P/E ratio of 39.5 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹92.6, representing the total value of its assets on a per-share basis, while the dividend yield of 0.42% offers a modest return to shareholders. ROCE, at 11.0%, highlights the company's efficient use of capital in generating profits, while ROE at 8.16% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.38 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹14.9 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 5.00 suggests moderate financial strength, while the Graham Number, pegged at ₹123, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 3.05 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
