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Kennametal India Ltd share Price Today

Company details

2,412.35
2,547.00
2,260.85
3,127.00
6M Return 12.76%
1Y Return -3.35%
Mkt Cap.(Cr) 5,441.97
Volume 16,060
Div Yield 0.68%
OI
-
OI Chg %
-
Volume 16,060

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Industrial Products company Kennametal India announced Q4FY24 results:

  • Sales: Rs 2,688 million, reflecting a 5.1% increase compared to Rs 2,557 million in the corresponding quarter of the previous fiscal year.
  • Profit Before Tax (PBT): Rs 517 million, marking a substantial 135% increase compared to Rs 220 million in the same quarter of the previous fiscal year.
  • The sales growth is primarily attributed to expansion in the domestic market, driven by both the Hard Metals and Machine Tools segments.
  • The rise in PBT is mainly due to factors such as revenue growth, increased production volumes, and the impact of an exceptional item.
  • KIL announced an Interim dividend of Rs 30/- per share for FY24 as against Rs 20/- per share for FY23.

Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “Our performance this quarter reflects the continued momentum in the domestic market. This quarter’s profit before tax is a result of strong domestic market demand and higher volumes and cost control initiatives. We continue to execute on our strategic imperatives of commercial excellence and operational excellence to drive profitable growth in our target end use segments.”

Result PDF

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Kennametal India Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,992.0
R2 3,027.5
R3 3,075.0
Pivot

2,944.52

S1 2,909.0
S2 2,861.5
S3 2,826.0
EMA SMA
2,633.1
2,518.2
2,477.5
2,462.6
2,589.2
2,454.8
2,458.7
2,511.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
METURIT AG PROMOTER 51%
KENNAMETAL INC PROMOTER 24%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kennametal India Ltd Stocks COMPARISON

Financials( in Cr) Kennametal India Ltd Bharat Forge Ltd AIA Engineering Ltd CIE Automotive India Ltd Ramkrishna Forgings Ltd
Price 2,476.10 1,479.25 3,792.65 501.65 719.25
% Change -0.97 1.13 0.99 3.85 0.58
Mcap Cr 5,441.97 68,872.25 35,772.27 19,030.69 13,002.31
Revenue TTM Cr 1,077.10 12,910.26 4,908.77 8,753.00 3,192.90
Net Profit TTM Cr 87.70 508.39 1,056.50 -136.20 248.11
PE TTM 72.54 72.37 31.63 23.22 39.15
1 Year Return -3.35 92.92 37.79 11.74 107.19
ROCE 17.42 7.32 25.25 13.95 18.33
ROE 13.14 6.88 20.23 -1.65 20.67
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 688.30 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33

Kennametal India Ltd Information

Stock PE (TTM)
72.54
Promoter Holding
75%
Book Value
332.4098
ROCE
17.42%
ROE
13.14%
Description
  • Kennametal Widia India Ltd. (formerly known Widia India Ltd) was incorporated in September 21, 1964. The Company is engaged in the business of manufacturing and trading of hard metal products and manufacturing of capital intensive machines along with fixtures and spares. The Company has its manufacturing facility in Bengaluru and sells product and services through sales and support offices. Kennametal Widia India Ltd.(formerly Widia India Ltd), promoted by Meturit, Switzerland, associates of the Fried Krupp Widia Fabrik unit of Krupp group, Germany, and Sak Industries, Switzerland. The company`s collaborator Meturit, Switzerland, holds 88.16% stake. In 1994, the company was taken over by Cincinnati Milacron, US. The company`s wholly owned subsidiary Widaroc (India) was merged with the company with effect from Jan`95.It has also introduced several new state of the art products. Some of them are, new generation milling cutters, new special solid carbide tools, new generation coated inserts, warming forging tools for bearing industry, cold forgings dies for big auto components, etc. During 2000-01, the company sub-divided its equity share face value of Rs.10/- each into 2 equity shares of Rs 5/- each and the company upgraded the Oil Well Rock Roller Bits. The company`s Mining and Construction Tools business was sold for a cash consideration of Rs.64.9 crores to Sandvik Smith A.B/ its subsidiary with effective from 1, March 2004. In the year 2005, the name of the company was changed from Kennametal Widia India Ltd to Kennametal India Limited. During 2004-05, the company has installed the Hard metal and hard metal products with the capacity of 210 MT and the company expanded its installed the capacity of Special purpose machines including accessories by 50 Nos. The installed capacity of Special purpose machines including accessories has increased to 125 Nos. The name of the Company was changed from Kennametal Widia India Limited to Kennametal India Limited effective from December 23, 2005. A regrinding center was established in FY11 at Jamshedpur through which the Company added two more regrinding centers at Pune and Gurgaon in FY12. Kennametal Inc., Promoter of the Company sold Equity Shares in March, 2013, aggregating 28,92,333 of the face value of Rs 10 each, through Offer For Sale (OFS) mechanism, which consequently, increased the public shareholding of the Company from 11.84% to 25% of the total paid up share capital of Company During the year 2020, the Company launched a range of new products as the "INNOVATIONs" for the Kennametal brand and "ADVANCES" for Widia brand. Products such as e-Bore (Digital Boring Solution), Mill 4 12 KT LH version & Slotting program, High Performance SC Drills for Steel (HPX) and Cast Iron (HPR), Machining Solutions for Composites, Milling products for Aero Structures ,PCD Milling and Reamers were included under the "Kennametal" brand. Under "Widia" brand, products such as e-Bore (Digital Boring Solution), TDMX, Shoulder milling platforms VSM11 & VSM17, new geometries introduced for Top Cut 4 drills, New victory grade for CI turning WK15CT and 2 new grades for VSM890 High Performance Shoulder Milling Platform were introduced. The Board of Directors at its meeting held on December 4, 2020 had approved a Scheme of Amalgamation for merger of its Wholly Owned Subsidiary, WIDIA India Tooling Private Limited (WITPL) with the Company, which became effective from the Appointed Date, April 1, 2021.

Registered Address

8/9th Mile, Tumkur Road, Bangalore, Karnataka, 560073

Tel : 91-80-28394321
Email : In.investorrelation:kennametal.com; naveen.c:kenna
Website : http://www.kennametal.com
Registrar

Alpha Systems Pvt Ltd

AGM Date (Month) : Nov
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 505890
NSE Code : KENNAMET
Book Closure Date (Month) : Nov
BSE Group : B
ISIN : INE717A01029

FAQ’s on Kennametal India Ltd Shares

You can buy Kennametal India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kennametal India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 25, 2023 03:51 PM the closing price of Kennametal India Ltd was Rs.2,476.10.

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 Oct 25, 2023 03:51 PM, the market cap of Kennametal India Ltd stood at Rs. 5,441.97.

The latest PE ratio of Kennametal India Ltd as of Oct 25, 2023 03:51 PM is 72.54

The latest PB ratio of Kennametal India Ltd as of Oct 25, 2023 03:51 PM is 0.13

The 52-week high of Kennametal India Ltd share price is Rs. 3,127.00 while the 52-week low is Rs. 2,260.85

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