Kennametal India Share Price Closes Today After Live Updates
December 18, 2023
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Today, the closing price of Kennametal India shares, as per the latest updates, is finalized. Kennametal Inc ($NYSE:KMT). is an American industrial company that specializes in the production of tooling and tooling systems. The company’s products are used in a variety of industries including automotive, aerospace, mining, construction, energy production, and metalworking. During the last one year, Kennametal India has performed well and the share price has jumped significantly.
Investors have been closely monitoring the stock price in anticipation of the company’s financial performance. With the closing share price today, investors can now make their decisions on whether or not to invest in Kennametal India.
Share Price
Today, KENNAMETAL INC share price closed after live updates. On Monday, the stock opened at $24.0 and closed at $23.6, representing a 2.0% decrease from the previous closing price of $24.0. This decrease of 2.0% was observed throughout the day despite some fluctuations during the trading session. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kennametal Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.08k | 120.32 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kennametal Inc. More…
| Operations | Investing | Financing |
| 257.94 | -89.23 | -143.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kennametal Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.51k | 1.21k | 15.75 |
Key Ratios Snapshot
Some of the financial key ratios for Kennametal Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | 19.6% | 8.9% |
| FCF Margin | ROE | ROA |
| 7.9% | 9.2% | 4.6% |
Analysis
GoodWhale has conducted an analysis of KENNAMETAL INC‘s fundamentals and the results show that the company is strong in dividend and profitability and medium in asset. However, it is weak in growth as per the Star Chart. We have also assigned a health score of 8 out of 10 to KENNAMETAL INC, considering its cashflows and debt. This ensures that the company is capable to safely ride out any crisis without the risk of bankruptcy. Furthermore, we have classified KENNAMETAL INC as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Thus, investors who prefer moderate stocks with high dividend and profitability are likely to be interested in KENNAMETAL INC. The company is also suitable for investors who value long-term stability and are willing to invest in safe stocks. More…
Peers
In the metalworking and mining industries, there is intense competition between Kennametal Inc and its competitors KFM Kingdom Holdings Ltd, Kennametal India Ltd, and Jiangsu Tongrun Equipment Technology Co Ltd. All four companies are striving to develop new technologies and products to gain market share. This competition has led to innovation and lower prices for customers. It is expected that this competition will continue to benefit customers in the future.
– KFM Kingdom Holdings Ltd ($SEHK:03816)
Kingdom Holdings Ltd has a market cap of 115.8M as of 2022. The company has a return on equity of 3.48%. The company is involved in the business of investment holding and the provision of management services. The Group’s investment portfolio includes shares, properties, loans and other investments.
– Kennametal India Ltd ($BSE:505890)
Founded in 1938, Kennametal India Ltd is a leading manufacturer of metal cutting and wear-resistant solutions. With a market cap of 56.61B as of 2022, the company has a strong presence in the global market. Kennametal India’s return on equity is 14.77%, indicating that the company is efficient in utilizing its shareholders’ equity to generate profits. The company’s products are used in a variety of industries, including aerospace, automotive, construction, energy, and mining. Kennametal India’s products are known for their durability and performance, making the company a trusted partner for customers around the world.
– Jiangsu Tongrun Equipment Technology Co Ltd ($SZSE:002150)
Jiangsu Tongrun Equipment Technology Co., Ltd. is engaged in the research, development, production and sale of metallurgical equipment and industrial furnaces. The Company’s products portfolio includes blast furnaces, sintering machines, coke ovens, ironmaking and steelmaking equipment, non-ferrous metal smelting and rolling equipment, industrial furnaces, environmental protection and energy conservation products, new materials and new energy equipment, spare parts and other products. The Company operates its business through two segments: manufacture and sale of metallurgical equipment and industrial furnaces, and provision of engineering services. The Company has operations in domestic and overseas markets.
Summary
Kennametal Inc is a global manufacturer of specialized tools. Its share price has been volatile over the past few years, with market sentiment being influenced by a range of factors, including changes in macroeconomic conditions, changes in the competitive landscape, and changes in the company’s own performance. The company’s operating margins have also been solid, while its balance sheet appears to be in good shape.
Overall, Kennametal Inc. appears to be a solid investment option for investors with a long-term outlook. The stock is currently trading at a P/E ratio lower than its industry average, and could represent an attractive value proposition for those looking to add exposure to the industrial sector.
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