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Kennametal India
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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.
Kennametal India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Kennametal India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Kennametal India is valued compared to its competitors.
Kennametal India PE ratio helps investors understand what is the market value of each stock compared to Kennametal India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Kennametal India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Kennametal India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Kennametal India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Kennametal India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Kennametal India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Kennametal India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Kennametal India helps investors get an insight into when they can enter or exit the stock. Key components of Kennametal India Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Kennametal India shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Kennametal India ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Kennametal India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Kennametal India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Kennametal India .
The balance sheet presents a snapshot of Kennametal India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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