Business segments & Revenue:
Hard metal products (86%)
Machining solutions segment manufactures and sells customised capital intensive machines. Company specialises in providing end to end solution, i.e., from design to manufacture and after sales service. Delivers metalworking solutions and services through brands viz., Kennametal and WIDIA.
Machining solutions (14%)
Hard metal products segment deals in metal and metal cutting tools. The sales of this segment comprise of manufactured and traded goods. [1]
Kennametal India Ltd (KENI) has demonstrated a solid financial performance in recent periods, despite some fluctuations. For the full fiscal year ending June 30, 2023, the company reported a total sales revenue of INR 10,771 million, a growth from INR 9,907 million in the previous year. This indicates a positive trend in sales performance.
However, net income for the same period was INR 877 million, which is a decline compared to the previous year’s net income of INR 1,141 million. This reduction in net income resulted in a decrease in basic and diluted earnings per share, from INR 51.94 in the prior year to INR 39.91 (BSE Market) (MarketScreener).
In the latest quarter ending March 31, 2024, Kennametal India reported net sales of INR 270.80 crore, marking a slight year-over-year decrease of 1.46%. This slight dip reflects some of the ongoing challenges in the market (BSE Market).
In FY23, the Co has 9,500+ Active Customers, the end-use segments vary across sectors such as aerospace, earthworks, energy, general engineering and transportation.
Financials:
The Company has a Net Worth of Market Cap ₹ 6,498 Cr. with P/E Value of 72.5 & Face Value of ₹ 10.0. Kennametal India Ltd was incorporated in 1938, it is a 75% subsidiary of Kennametal Inc. It manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments. The Company is Trading ₹ 2,957 at ₹ 2,957 while writing the Post.
Dividend History:
For the year ending June 2023 Kennametal India has declared an equity dividend of 200.00% amounting to Rs 20 per share. At the current share price of Rs 2476.10 this results in a dividend yield of 0.81%. The company has a good dividend track report and has consistently declared dividends for the last 5 years Rs 21 per share in 2021 & Rs 24 per share in 2022 and for The Current Year 2024 it has Finalized to for a Payout of Rs 30 of Dividend with Record Date of May 22, 2024.
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