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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Pace E-Commerce Ventures Ltd

About the Company - Pace E-Commerce Ventures Ltd

Pace E-Commerce Ventures Ltd. is a Public Limited Listed company incorporated on 05/08/2015 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is U51909PN2015PLC156068 and registration number is 156068. Currently company belongs to the Industry of E-Commerce - Electronics/Food/Others. Company’s Total Operating Revenue is Rs. 10.50 Cr. and Equity Capital is Rs. 18.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/OthersAnugrah Bunglow, Street4, Pune Maharashtra 411045compliance@pacesports.in
http://www.cotandcandy.com
Management
NamePosition Held
Mr. Shaival Dharmendra GandhiManaging Director
Mr. Harshal Chandrakant GalaNon Executive Director
Mrs. Hiral Rasikbhai VaghasiyaIndependent Director
Mr. Mihirkumar Atulbhai SojitraIndependent Director

Pace E-Commerce Ventures Ltd. Share Price Update

Share PriceValue
Today₹28.60
Previous Day₹28.54

Basic Stock Data of Pace E-Commerce Ventures Ltd

Market Cap 63.2 Cr.
Current Price 28.1
High / Low34.2/16.3
Stock P/E102
Book Value 31.4
Dividend Yield0.00 %
ROCE2.73 %
ROE1.28 %
Face Value 10.0

Data Source: screener.in

Competitors of Pace E-Commerce Ventures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nandani Creation Ltd 74.4 Cr. 65.0107/62.5 22.60.00 %6.61 %0.68 % 10.0
Industry Average74.4 Cr65022.60%6.61%0.68%10

Pace E-Commerce Ventures Ltd Quarterly Results

MonthSep 2022Sep 2023
Sales9.0513.22
Expenses8.1312.53
Operating Profit0.920.69
OPM %10.17%5.22%
Other Income0.000.01
Interest0.230.31
Depreciation0.010.08
Profit before tax0.680.31
Tax %25.00%12.90%
Net Profit0.510.27
EPS in Rs0.280.12

Pace E-Commerce Ventures Ltd Quarterly Chart

Pace E-Commerce Ventures Ltd Profit & Loss

MonthMar 2020Mar 2021Mar 2022Mar 2023
Sales1.491.7010.4628.37
Expenses1.421.389.5426.99
Operating Profit0.070.320.921.38
OPM %4.70%18.82%8.80%4.86%
Other Income0.010.020.050.03
Interest0.060.230.220.63
Depreciation0.010.010.020.02
Profit before tax0.010.100.730.76
Tax %0.00%30.00%27.40%18.42%
Net Profit0.000.070.540.62
EPS in Rs0.000.040.290.28
Dividend Payout %0.00%0.00%0.00%

Pace E-Commerce Ventures Ltd Profit & Loss Yearly Chart

Pace E-Commerce Ventures Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:167%
TTM:171%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:15%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:57%
Return on Equity
10 Years:%
5 Years:%
3 Years:1%
Last Year:1%

Pace E-Commerce Ventures Ltd Balance Sheet

MonthMar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.0118.3218.3222.5370.80
Reserves0.067.638.1847.990.00
Borrowings1.220.971.423.414.53
Other Liabilities0.290.944.501.090.77
Total Liabilities1.5827.8632.4275.0276.10
Fixed Assets0.0322.5422.5522.7123.74
CWIP0.000.000.000.170.00
Investments0.010.010.0130.8833.53
Other Assets1.545.319.8621.2618.83
Total Assets1.5827.8632.4275.0276.10

Pace E-Commerce Ventures Ltd Reserves and Borrowings Chart

Pace E-Commerce Ventures Ltd Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.00-2.82-2.29-41.38
Cash from Investing Activity 0.03-22.52-0.03-0.35
Cash from Financing Activity 0.0225.372.3142.23
Net Cash Flow0.050.030.000.50

Pace E-Commerce Ventures Ltd Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023
Debtor Days90.64115.9498.05108.84
Inventory Days234.64489.6382.9322.03
Days Payable117.32396.1683.807.06
Cash Conversion Cycle207.96209.4297.19123.81
Working Capital Days281.71234.03147.95184.88
ROCE %2.34%3.46%2.73%

Pace E-Commerce Ventures Ltd Financial Efficiency Indicators Chart

Pace E-Commerce Ventures Ltd Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023
Promoters65.00%65.00%65.00%65.00%
Public35.01%35.01%35.00%35.01%
No. of Shareholders1,6651,8881,9692,119

Pace E-Commerce Ventures Ltd Shareholding Pattern Chart

No. of Pace E-Commerce Ventures Ltd Shareholders

This stock is not held by any mutual fund

Pace E-Commerce Ventures Ltd ROCE Trend

Pace E-Commerce Ventures Ltd EPS Trend

Pace E-Commerce Ventures Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.00
Basic EPS (Rs.)0.300.300.290.29
Diluted EPS (Rs.)0.300.300.290.29
Cash EPS (Rs.)0.280.300.0414.70
Book Value[Excl.RevalReserv]/Share (Rs.)31.3014.4614.1772.40
Book Value[Incl.RevalReserv]/Share (Rs.)31.3014.4614.1772.40
Revenue From Operations / Share (Rs.)12.595.730.921491.30
PBDIT / Share (Rs.)0.590.520.1769.70
PBIT / Share (Rs.)0.580.510.1758.40
PBT / Share (Rs.)0.330.400.054.30
Net Profit / Share (Rs.)0.270.290.033.40
PBDIT Margin (%)4.739.2219.194.67
PBIT Margin (%)4.669.0518.713.91
PBT Margin (%)2.686.995.700.28
Net Profit Margin (%)2.195.154.220.22
Return on Networth / Equity (%)0.882.040.274.69
Return on Capital Employeed (%)1.813.201.194.54
Return On Assets (%)0.821.660.250.21
Long Term Debt / Equity (X)0.030.110.0216.77
Total Debt / Equity (X)0.040.130.0316.77
Asset Turnover Ratio (%)0.520.340.110.00
Current Ratio (X)7.742.401.705.26
Quick Ratio (X)6.991.710.833.43
Interest Coverage Ratio (X)2.394.481.481.29
Interest Coverage Ratio (Post Tax) (X)2.113.511.321.06
Enterprise Value (Cr.)41.100.000.000.00
EV / Net Operating Revenue (X)1.450.000.000.00
EV / EBITDA (X)30.590.000.000.00
MarketCap / Net Operating Revenue (X)1.350.000.000.00
Price / BV (X)0.540.000.000.00
Price / Net Operating Revenue (X)1.350.000.000.00
EarningsYield0.010.000.000.00

Pace E-Commerce Ventures Ltd Profitability Ratios (%)

Pace E-Commerce Ventures Ltd Liquidity Ratios

Pace E-Commerce Ventures Ltd Liquidity Ratios (%)

Pace E-Commerce Ventures Ltd Interest Coverage Ratios (%)

Pace E-Commerce Ventures Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pace E-Commerce Ventures Ltd

Fair Value: ₹41.82

The stock is undervalued by 48.81% compared to the current price ₹28.1

*Investments are subject to market risks

Strength and Weakness of Pace E-Commerce Ventures Ltd

StrengthWeakness
  1. The company has higher reserves (12.77 cr) compared to borrowings (2.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (10.51 cr) and profit (0.40 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 14.92 and average Dividend Yield of 3.91%.
  2. The stock has a low average ROCE of 2.13%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 212.14, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 159.60, which may not be favorable.

Should I Buy Pace E-Commerce Ventures Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Pace E-Commerce Ventures Ltd:
    1. Net Profit Margin: 2.19%
      • 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: 1.81% (Industry Average ROCE: 6.61%)
      • 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. Interest Coverage Ratio (Post Tax): 2.11
      • 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.
    4. Quick Ratio: 6.99
      • 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.
    5. ✗ Stock P/E: 102 (Industry average Stock P/E: 0)
      • 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.
    6. ✓ Total Debt / Equity: 0.04
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Pace E-Commerce Ventures 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