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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Pilani Investment & Industries Corporation Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:46 pm

Market Cap 6,868 Cr.
Current Price 6,213
High / Low8,266/0.00
Stock P/E34.8
Book Value 15,532
Dividend Yield0.24 %
ROCE2.01 %
ROE1.29 %
Face Value 10.0
PEG Ratio9.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pilani Investment & Industries Corporation Ltd

Competitors of Pilani Investment & Industries Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nam Securities Ltd 85.7 Cr. 159198/59.3238 21.20.00 %4.16 %3.05 % 10.0
Naperol Investments Ltd 828 Cr. 1,4412,041/801845 3,2040.00 %0.08 %0.05 % 10.0
Inani Securities Ltd 14.1 Cr. 31.042.0/20.59.75 42.20.00 %10.6 %6.92 % 10.0
HCKK Ventures Ltd 43.5 Cr. 117154/77.4241 11.50.00 %8.17 %6.44 % 10.0
HB Portfolio Ltd 108 Cr. 101177/54.314.6 2790.99 %3.34 %2.90 % 10.0
Industry Average7,266.37 Cr2,238.6976.495,594.830.28%15.23%17.14%7.45

All Competitor Stocks of Pilani Investment & Industries Corporation Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4950559852536011252545510762
Expenses1221142113225
Operating Profit4848539751495811151515310457
OPM %97%97%97%99%98%93%97%99%97%95%96%98%92%
Other Income0100000001000
Interest15161615131417191316161719
Depreciation0000000000000
Profit before tax32333782373541923837368738
Tax %24%25%25%21%25%26%26%29%13%26%25%26%27%
Net Profit35223579335445893675255456
EPS in Rs31.8320.2031.6271.4629.6949.1441.0780.6832.5667.8122.8548.9550.14

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales29178453228353025126199258279277
Expenses423664431177712
Operating Profit25175432622312622115191250272265
OPM %87%99%94%80%78%90%87%87%91%96%97%98%96%
Other Income003000-2001011
Interest0000000194352596568
Depreciation0000011000000
Profit before tax251754526223023372140191208198
Tax %4%20%8%7%6%9%12%-294%25%24%24%25%
Net Profit32128-61-351043202,01717597201246210
EPS in Rs28.93114.93-55.12-31.528.7938.50120.691,817.32157.6187.30181.91222.11189.75
Dividend Payout %62%16%-32%-57%203%46%15%1%11%17%8%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)300.00%-147.66%42.62%128.57%330.00%-53.49%9985.00%-91.32%-44.57%107.22%22.39%
Change in YoY Net Profit Growth (%)0.00%-447.66%190.28%85.95%201.43%-383.49%10038.49%-10076.32%46.75%151.79%-84.83%

Pilani Investment & Industries Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:63%
3 Years:13%
TTM:16%
Compounded Profit Growth
10 Years:17%
5 Years:-39%
3 Years:20%
TTM:3%
Stock Price CAGR
10 Years:%
5 Years:37%
3 Years:47%
1 Year:124%
Return on Equity
10 Years:5%
5 Years:2%
3 Years:2%
Last Year:1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:53 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital888888881111111111
Reserves1,3391,2521,1901,1721,2115,8755,1005,1039,83811,09111,15814,59617,187
Borrowings2222202454208101,066736949975
Other Liabilities25262729314221153915425118931,573
Total Liabilities1,3741,2881,2261,2111,2245,8975,3755,64611,05012,71112,41616,44919,745
Fixed Assets3333355544444
CWIP0000000000000
Investments1,2631,2131,1461,1911,2125,8865,3634,1869,00110,37610,27414,01517,375
Other Assets1087278179671,4552,0452,3312,1382,4302,367
Total Assets1,3741,2881,2261,2111,2245,8975,3755,64611,05012,71112,41616,44919,745

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +23282626161917-1,388-442-100417-31
Cash from Investing Activity +-01-5-683-2141,283121-76-8-91
Cash from Financing Activity +-23-23-23-24-24-21198108318181-412122
Net Cash Flow-06-2-3-0-004-34-3-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow25.00173.0041.0024.0020.0029.0026.00-223.00-305.00-619.00249.00-464.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days136633821010
Inventory Days
Days Payable
Cash Conversion Cycle136633821010
Working Capital Days159279424-351-20-48-29436-18-15-15-13
ROCE %14%3%2%2%3%1%0%2%2%2%2%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%
FIIs0.36%0.36%0.38%0.50%0.54%0.54%0.53%0.53%0.53%0.50%0.47%0.45%
DIIs0.25%0.25%0.25%0.24%0.25%0.25%0.25%0.25%0.26%0.25%0.25%0.25%
Public41.84%41.84%41.82%41.71%41.66%41.66%41.67%41.67%41.65%41.70%41.74%41.75%
No. of Shareholders12,03013,22313,70913,35213,37312,83612,58812,16713,62613,11613,41513,897

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)150.34222.11181.9287.30221.20
Diluted EPS (Rs.)150.34222.11181.9287.30221.20
Cash EPS (Rs.)135.43141.07132.4496.8068.81
Book Value[Excl.RevalReserv]/Share (Rs.)13192.6010087.7610027.078895.196462.35
Book Value[Incl.RevalReserv]/Share (Rs.)13192.6010087.7610027.078895.196462.35
Revenue From Operations / Share (Rs.)258.58251.66232.60179.45159.06
PBDIT / Share (Rs.)249.39246.43226.42173.63145.52
PBIT / Share (Rs.)249.19246.18226.10173.22145.02
PBT / Share (Rs.)182.09187.47172.87126.1790.56
Net Profit / Share (Rs.)135.23140.82132.1296.4068.31
NP After MI And SOA / Share (Rs.)150.34222.11181.9287.30221.20
PBDIT Margin (%)96.4497.9197.3496.7591.48
PBIT Margin (%)96.3697.8197.2096.5391.17
PBT Margin (%)70.4174.4974.3270.3056.93
Net Profit Margin (%)52.2955.9556.8053.7142.94
NP After MI And SOA Margin (%)58.1388.2578.2048.64139.07
Return on Networth / Equity (%)1.132.201.810.983.42
Return on Capital Employeed (%)1.672.252.031.802.20
Return On Assets (%)1.011.981.580.873.09
Long Term Debt / Equity (X)0.060.030.060.040.00
Total Debt / Equity (X)0.060.060.090.080.08
Asset Turnover Ratio (%)0.010.020.020.020.02
Current Ratio (X)2555.0337.2731.6427.4912.85
Quick Ratio (X)2555.0337.2731.6427.4912.85
Dividend Payout Ratio (NP) (%)9.976.758.2420.4511.30
Dividend Payout Ratio (CP) (%)9.966.748.2320.3611.27
Earning Retention Ratio (%)90.0393.2591.7679.5588.70
Cash Earning Retention Ratio (%)90.0493.2691.7779.6488.73
Interest Coverage Ratio (X)3.724.204.253.692.67
Interest Coverage Ratio (Post Tax) (X)3.023.403.483.052.25
Enterprise Value (Cr.)4677.652524.422939.862541.881304.07
EV / Net Operating Revenue (X)16.349.0611.4112.7910.37
EV / EBITDA (X)16.949.2511.7313.2211.33
MarketCap / Net Operating Revenue (X)13.196.457.308.847.06
Retention Ratios (%)90.0293.2491.7579.5488.69
Price / BV (X)0.250.160.160.170.17
Price / Net Operating Revenue (X)13.196.457.308.847.06
EarningsYield0.040.130.100.050.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Pilani Investment & Industries Corporation Ltd as of November 24, 2024 is: 6,989.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, Pilani Investment & Industries Corporation Ltd is Undervalued by 12.50% compared to the current share price 6,213.00

Intrinsic Value of Pilani Investment & Industries Corporation Ltd as of November 24, 2024 is: 7,253.66

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, Pilani Investment & Industries Corporation Ltd is Undervalued by 16.75% compared to the current share price 6,213.00

Last 5 Year EPS CAGR: 3.78%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 10.33, which is a positive sign.
  2. The company has higher reserves (6,624.00 cr) compared to borrowings (400.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (118.54 cr) and profit (89.08 cr) over the years.
  1. The stock has a low average ROCE of 2.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 2.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Pilani Investment & Industries Corporation Ltd:
    1. Net Profit Margin: 52.29%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 1.67% (Industry Average ROCE: 15.23%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 1.13% (Industry Average ROE: 17.14%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.02
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2555.03
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 34.8 (Industry average Stock P/E: 76.49)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.06
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Pilani Investment and Industries Corporation Ltd. is a Public Limited Listed company incorporated on 01/01/1901 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24131WB1948PLC095302 and registration number is 095302. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 260.22 Cr. and Equity Capital is Rs. 11.07 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Holding CompanyBirla Building, Kolkata West Bengal 700001pilani@pilaniinvestment.com
http://www.pilaniinvestment.com
Management
NamePosition Held
Mrs. Rajashree BirlaNon Executive Chairperson
Mr. A V JalanNon Executive Director
Mr. A K KothariIndependent Director
Mrs. Vanita BhargavaIndependent Director
Mr. D K MantriNon Executive Director
Mr. Yazdi P DandiwalaIndependent Director
Mr. Giriraj MaheswariIndependent Director

FAQ

What is the latest intrinsic value of Pilani Investment & Industries Corporation Ltd?

The latest intrinsic value of Pilani Investment & Industries Corporation Ltd as on 24 November 2024 is ₹6989.36, which is 12.50% higher than the current market price of ₹6,213.00.

What is the Market Cap of Pilani Investment & Industries Corporation Ltd?

The Market Cap of Pilani Investment & Industries Corporation Ltd is 6,868 Cr..

What is the current Stock Price of Pilani Investment & Industries Corporation Ltd as on 24 November 2024?

The current stock price of Pilani Investment & Industries Corporation Ltd as on 24 November 2024 is 6,213.

What is the High / Low of Pilani Investment & Industries Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Pilani Investment & Industries Corporation Ltd stocks is 8,266/0.00.

What is the Stock P/E of Pilani Investment & Industries Corporation Ltd?

The Stock P/E of Pilani Investment & Industries Corporation Ltd is 34.8.

What is the Book Value of Pilani Investment & Industries Corporation Ltd?

The Book Value of Pilani Investment & Industries Corporation Ltd is 15,532.

What is the Dividend Yield of Pilani Investment & Industries Corporation Ltd?

The Dividend Yield of Pilani Investment & Industries Corporation Ltd is 0.24 %.

What is the ROCE of Pilani Investment & Industries Corporation Ltd?

The ROCE of Pilani Investment & Industries Corporation Ltd is 2.01 %.

What is the ROE of Pilani Investment & Industries Corporation Ltd?

The ROE of Pilani Investment & Industries Corporation Ltd is 1.29 %.

What is the Face Value of Pilani Investment & Industries Corporation Ltd?

The Face Value of Pilani Investment & Industries Corporation Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Pilani Investment & Industries Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE