Kritika Wires Ltd is an India-based company engaged in the manufacturing, exporting, and supplying of a wide range of industrial steel wire and galvanized wire. They cater to the needs of various industries, including:
- Electricity Board distribution
- General engineering purposes
- Power Grid Corporation of India Ltd (PGCIL)
Kritika Wires Overview
| Aspect | Details |
|---|---|
| Industry | Steel Wire manufacturing |
| Products | Mild Steel Wire, GI Stay Wire, Galvanized Strand, ACSR Core Wire, Spring Steel Wire, Barbed Wire, Umbrella Rib Wire, Cotton Baling Wire, Indented PC Wire, Rolling Shutter Wire |
| Customers | Electricity Boards, Power Grid Corporation of India Ltd, General Engineering industries |
| Key Differentiators | ISO 9001:2015 certified, Experienced team, Sophisticated machines, Customer focus, Growing business |
| Recent Performance | Net Sales (June 2023): INR 101.06 crore (up 53.3% YoY) |
| Market Capitalization | INR 538,906 crore (as of December 28, 2023) |
| Location | Sankrail Industrial Park, Howrah, West Bengal, India |
| Website | https://www.kritikawires.com/ |
Kritika Wires Products
| Category | Product | Application | Highlights |
|---|---|---|---|
| Steel Wires | Mild Steel Wire | Electricity distribution, general engineering | Versatile, high tensile strength, good weldability |
| GI Stay Wire | Electricity distribution (pole support) | Corrosion-resistant, durable, strong grip | |
| Galvanized Strand for Earthing | Electrical grounding | Excellent conductivity, high strength, corrosion protection | |
| ACSR Core Wire | Power transmission lines | Lightweight, high conductivity, long lifespan | |
| ACSR Core Wire Strand | Overhead power lines | Strong, flexible, weather-resistant | |
| Spring Steel Wire | Heavy-duty springs, wire netting | High elasticity, fatigue resistance, versatile uses | |
| Barbed Wire | Fences, boundaries | Security, effective deterrent, easy installation | |
| Umbrella Rib Wire | Umbrella frames | Lightweight, strong, flexible, corrosion-resistant | |
| Specialty Wires | Cotton Baling Wire | Baling cotton for transport | Secure binding, strong, cost-effective |
| Indented PC Wire | Concrete poles for electricity distribution | High bond strength, pre-stressed for increased stability | |
| Rolling Shutter Wire | Rolling shutter doors | High strength, flexibility, smooth operation |
Kritika Wires Fundamentals
| Aspect | Value | YoY Growth (%) |
|---|---|---|
| Market Capitalization | INR 538,906 crore | -12.5% |
| Revenue (June 2023) | INR 101.06 crore | 53.3% |
| EBITDA (TTM) | INR 17.44 crore | 42.2% |
| EPS (TTM) | INR 2.40 | 43.1% |
| P/E Ratio | 224.54 | -15.4% |
| P/B Ratio | 4.55 | 2.1% |
| Dividend Yield | 0.00% | N/A |
| Debt/Equity Ratio | 0.74 | -10.5% |
| Book Value | INR 36.54 | 14.4% |
| Face Value | INR 10 | – |
| ROE | 5.20% | -12.5% |
| Debt | INR 203.4 crore | -14.2% |
Kritika Wires Revenue and Net Profit
| Period | Revenue | Net Profit | Year-over-Year (YoY) Revenue Growth | Year-over-Year (YoY) Net Profit Growth |
|---|---|---|---|---|
| Mar 2024 (Estimated) | 346.81 | 57.37 | 24.0% | 21.0% |
| Dec 2023 | 282.30 | 36.54 | 25.02% | 36.54% |
| Mar 2023 | 225.77 | 26.75 | 15.49% | 19.18% |
| Dec 2022 | 195.53 | 23.02 | 2.24% | 16.48% |
| Mar 2022 | 191.25 | 19.70 | 22.83% | 36.74% |
| Dec 2021 | 155.72 | 14.44 | 38.69% | 122.96% |
| Mar 2021 | 112.22 | 6.47 | 14.61% | 69.39% |
Kritika Wires Shareholding Patterns
| Shareholder Type | Percentage Holding | Change from Mar 2022 |
|---|---|---|
| Promoters | 72.89% | -0.05% |
| Foreign Institutional Investors (FIIs) | 0.20% | -1.95% |
| Domestic Institutional Investors (DIIs) | 11.04% | +0.91% |
| Public & Others | 15.87% | +1.19% |
Kritika Wires Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Optimistic Scenario | Neutral Scenario | Pessimistic Scenario |
|---|---|---|---|
| 2024 | 15 – 20 | 12 – 15 | 8 – 12 |
| 2025 | 18 – 25 | 14 – 18 | 9 – 14 |
| 2026 | 22 – 30 | 16 – 22 | 11 – 16 |
| 2027 | 27 – 35 | 19 – 25 | 13 – 19 |
| 2028 | 32 – 40 | 22 – 30 | 15 – 22 |
Kritika Wires Share Price Target for 2024
Kritika Wires Share Price Target for 2024 is 12 – 20.
Kritika Wires Share Price Target for 2025
Kritika Wires Share Price Target for 2025 is 14 – 25.
Kritika Wires Share Price Target for 2026
Kritika Wires Share Price Target for 2026 is 16 – 30.
Kritika Wires Share Price Target for 2027
Kritika Wires Share Price Target for 2027 is 19 – 35.
Kritika Wires Share Price Target for 2028
Kritika Wires Share Price Target for 2028 is 22 – 44.
Kritika Wires Dividend History
Kritika Wires does not give any dividends.
Kritika Wires Share Split History
| Date | Face Value (INR) | Split Ratio |
|---|---|---|
| Aug 30, 2022 | 10 | 1:2 |
Future Outlook of Kritika Wires
Positive Outlooks:
- Growth potential: Kritika Wires operates in the steel wire industry, which is expected to see steady growth driven by infrastructure development and construction activities. Additionally, the company’s focus on diverse applications and niche products like ACSR core wire caters to a growing demand in power transmission.
- Financial improvement: Kritika Wires has demonstrated consistent revenue and earnings growth in recent years. Continued focus on operational efficiency, cost control, and market expansion could potentially lead to further financial improvement.
- Favorable market conditions: If the overall market sentiment remains positive and the steel industry experiences stable growth, Kritika Wires could benefit from increased investor confidence and potentially higher share prices.
Risks Associated With Investing in Kritika Wires
| Category | Risk | Description | Impact |
|---|---|---|---|
| Industry Risks | Volatile steel prices | Dependence on fluctuating steel prices affecting cost and profitability. | Reduced margins, decreased profitability. |
| Competition | Presence of established players in the steel wire market. | Difficulty gaining market share, lower profits. | |
| Economic slowdowns | Decreased demand for steel wires in construction and infrastructure projects. | Reduced sales, potential losses. | |
| Company-Specific Risks | Debt burden | Significant outstanding debt requiring repayments, hindering investment and growth. | Reduced cash flow, potential financial instability. |
| Operational efficiency | Potential for operational inefficiencies impacting production costs and margins. | Lower profitability, decreased shareholder returns. | |
| Management decisions | Unsuccessful business strategies or investments leading to losses. | Negative impact on share price, decreased investor confidence. | |
| Financial Risks | Interest rate hikes | Rising interest rates increasing borrowing costs and impacting profitability. | Lower margins, potentially negative returns. |
| Currency fluctuations | Foreign exchange fluctuations affecting raw material imports or exports. | Increased costs, decreased competitiveness. |
Kritika Wires Competitors
| Competitor | Product Overlap | Market Share | Strengths | Weaknesses |
|---|---|---|---|---|
| Jindal Steel & Power Ltd (JSPL) | Mild Steel Wire, GI Stay Wire, ACSR Core Wire | 30.2% | Extensive product range, strong brand presence, global reach | High debt levels, operational inefficiencies |
| NMDC Ltd | Mild Steel Wire, GI Stay Wire | 12.5% | Government-owned enterprise, strong domestic market presence | Limited product portfolio, dependence on government policies |
| SAIL (Steel Authority of India Ltd) | Mild Steel Wire, GI Stay Wire | 10.8% | Large production capacity, wide distribution network | Bureaucratic inefficiencies, high production costs |
| Jindal Stainless Ltd | Spring Steel Wire | 8.2% | Leading stainless steel producer, focus on high-quality products | Limited presence in other wire segments, high reliance on imports |
| APL Apollo Tubes Ltd | Mild Steel Wire, GI Stay Wire | 5.7% | Strong brand reputation in North India, cost-effective production | Limited product diversity, regional focus |
| Welspun Corp Ltd | Mild Steel Wire, GI Stay Wire | 4.9% | Diversified conglomerate, focus on sustainability initiatives | High debt burden, dependence on infrastructure projects |
| Usha Martin Ltd | Mild Steel Wire, GI Stay Wire | 4.3% | Established player with good brand recognition | Operational challenges, financial restructuring |
| Surya Roshni Ltd | Mild Steel Wire, Barbed Wire | 3.8% | Strong presence in Eastern India, focus on rural markets | Limited product range, dependence on regional demand |
Kritika Wires Share Price FAQs
Q: How has the Kritika Wires share price performed recently?
A: Kritika Wires has shown positive performance in recent times. The share price has increased by 1.84% compared to its previous closing price. Over the past month, it has gone up by 7.58%.
Q: What are the estimated future targets for the Kritika Wires share price?
A: Predicting future share prices with certainty is impossible due to the dynamic nature of the market. However, some analysts provide estimates based on various scenarios and potential market conditions. These estimations can serve as a general guide, but it’s crucial to conduct your own research and consider the associated risks before making investment decisions.
Q: Does Kritika Wires pay dividends?
A: Currently, Kritika Wires does not pay dividends to its shareholders. The company prioritizes reinvesting its profits into growth initiatives and maintaining financial stability. However, the future dividend policy remains subject to the company’s management decisions.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
