Kennametal India Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.12x)
- Company has been maintaining a healthy dividend payout of 46.3%
CONS
- Recent results are weak - TTM profit is down 28.5% versus prior year
- Interest coverage is weak at 0.0x - earnings barely cover interest
- Valuation is stretched - P/E of 87.9 is well above its own 5-year median (36.5)
- Recurring exceptional / one-off items are inflating headline profit
- Stock is trading at 6.4x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 511.00 | 693.48 | 4427.00 | 1092.30 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| KENNAMET | 4681.40 | 87.86 | 10288.89 | 0.00 | 31.50 | 11.31 | 267.30 | 12.55 | 18.99 | 17.51 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|
| 2,168 | 2,279 | 2,119 | 2,375 | 2,390 | 246 | 269 | 267 | |
| 1,952 | 2,024 | 1,840 | 2,015 | 2,019 | 203 | 224 | 220 | |
| Operating Profit | 216 | 255 | 279 | 360 | 371 | 43 | 45 | 47 |
| OPM % | 9.96% | 11.19% | 13.17% | 15.16% | 15.52% | 17.34% | 16.79% | 17.51% |
| 10 | 32 | 13 | 18 | 35 | 2 | 2 | 1 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 95 | 94 | 94 | 92 | 89 | 9 | 9 | 9 |
| Profit before Tax | 226 | 287 | 292 | 378 | 406 | 36 | 38 | 39 |
| Tax % | 26.99% | 23.34% | 26.03% | 25.13% | 24.63% | 25.07% | 26.44% | 19.44% |
| Net Profit | 165 | 220 | 216 | 283 | 306 | 27 | 28 | 32 |
| 7.51 | 9.99 | 9.84 | 12.88 | 13.92 | 12.24 | 12.81 | 14.33 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2020 | Jun 2021 | Jun 2022 | TTM | |
|---|---|---|---|---|
| 705 | 854 | 991 | 1,021 | |
| 634 | 723 | 812 | 849 | |
| Operating Profit | 71 | 131 | 179 | 172 |
| OPM % | 10.06% | 15.32% | 18.06% | 16.81% |
| 8 | 6 | 9 | 9 | |
| Interest | 2 | 0 | 0 | 0 |
| Depreciation | 34 | 38 | 36 | 35 |
| Profit before Tax | 42 | 98 | 153 | 154 |
| Tax % | 19.48% | 25.58% | 25.23% | 23.86% |
| Net Profit | 34 | 73 | 114 | 117 |
| EPS | 15.41 | 33.32 | 51.86 | — |
| Dividend Payout % | 0.00% | 60.03% | 46.28% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 27%
- 3 Years:
- 19%
- 1 Year:
- 89%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 13%
- Last Year:
- 19%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2020 | Jun 2021 | Jun 2022 | |
|---|---|---|---|
| Equity Capital | 22 | 22 | 22 |
| 534 | 563 | 623 | |
| 13 | 0 | 0 | |
| Trade Payables | 60 | 102 | 102 |
| 323 | 367 | 385 | |
| Total Liabilities | 952 | 1,054 | 1,133 |
| 247 | 225 | 215 | |
| Capital Work in Progress | 32 | 52 | 77 |
| 206 | 205 | 267 | |
| 91 | 113 | 137 | |
| Cash & Bank | 45 | 129 | 64 |
| 331 | 330 | 373 | |
| Total Assets | 952 | 1,054 | 1,133 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2020 | Jun 2021 | Jun 2022 | |
|---|---|---|---|
| 34 | 166 | 49 | |
| Cash from Investing | -54 | -25 | -62 |
| Cash from Financing | 1 | -57 | -53 |
| -19 | 84 | -65 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2020 | Jun 2021 | Jun 2022 | |
|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for KENNAMET
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