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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PAE Ltd

About the Company - PAE Ltd

PAE Ltd. is a Public Limited Listed company incorporated on 13/07/1950 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1950PLC008152 and registration number is 008152. Currently company belongs to the Industry of Auto Ancl - Batteries. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 10.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - BatteriesLevel 1, Block A, Shivsagar Estate, Mumbai Maharashtra 400018investors@paeltd.com
http://www.paeltd.com
Management
NamePosition Held
Mr. Pritam A DoshiChairman & Managing Director
Mrs. Priyadarshani DoshiNon Executive Director
Mr. Dipen Y JhaveriInd. Non-Executive Director
Mr. Anoop Anil DoshiInd. Non-Executive Director

PAE Ltd. Share Price Update

Share PriceValue
Today₹5.73
Previous Day₹5.73

Basic Stock Data of PAE Ltd

Market Cap 5.96 Cr.
Current Price 5.72
High / Low7.69/4.61
Stock P/E
Book Value 26.9
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of PAE Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Exide Industries Ltd 28,250 Cr. 332354/17032.4 1470.61 %10.2 %7.28 % 1.00
Goldstar Power Ltd 367 Cr. 15.223.4/4.0088.4 1.100.00 %17.3 %16.9 % 1.00
HBL Power Systems Ltd 14,270 Cr. 515612/86.160.2 38.20.09 %13.7 %10.7 % 1.00
Industry Average136.33 Cr287.460.3362.10.23%13.73%11.63%1

PAE Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.010.000.000.000.000.000.000.000.000.000.000.00
Expenses0.220.210.510.190.170.150.220.190.170.130.260.110.12
Operating Profit-0.22-0.20-0.51-0.19-0.17-0.15-0.22-0.19-0.17-0.13-0.26-0.11-0.12
OPM %-2,000.00%
Other Income1.460.030.018.070.080.005.518.076.350.520.430.010.00
Interest0.180.215.110.360.350.36-0.320.36-0.030.060.040.050.22
Depreciation0.010.020.020.010.000.000.000.010.000.000.000.000.00
Profit before tax1.05-0.40-5.637.51-0.44-0.515.617.516.210.330.13-0.15-0.34
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.18%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit1.05-0.40-5.637.51-0.44-0.515.607.516.210.330.13-0.15-0.34
EPS in Rs1.01-0.38-5.407.21-0.42-0.495.377.215.960.320.12-0.14-0.33

PAE Ltd Quarterly Chart

PAE Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales243.35135.0785.9375.0413.000.470.090.050.330.010.000.000.00
Expenses244.96140.2994.9483.5422.475.962.894.943.111.200.720.760.62
Operating Profit-1.61-5.22-9.01-8.50-9.47-5.49-2.80-4.89-2.78-1.19-0.72-0.76-0.62
OPM %-0.66%-3.86%-10.49%-11.33%-72.85%-1,168.09%-3,111.11%-9,780.00%-842.42%-11,900.00%
Other Income1.773.301.192.49-25.341.471.899.003.491.5113.657.310.96
Interest5.086.915.114.332.190.950.470.611.665.710.750.120.37
Depreciation0.900.690.550.730.420.240.140.100.080.070.010.000.00
Profit before tax-5.82-9.52-13.48-11.07-37.42-5.21-1.523.40-1.03-5.4612.176.43-0.03
Tax %2.58%0.74%0.00%8.04%0.00%0.00%0.00%1.18%0.00%0.00%0.08%0.00%
Net Profit-5.67-9.45-13.48-10.19-37.43-5.22-1.523.36-1.03-5.4512.166.43-0.03
EPS in Rs-5.96-9.93-14.16-10.24-35.92-5.01-1.463.22-0.99-5.2311.676.17-0.03
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

PAE Ltd Profit & Loss Yearly Chart

PAE Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:7%
5 Years:15%
3 Years:28%
TTM:-238%
Stock Price CAGR
10 Years:0%
5 Years:15%
3 Years:27%
1 Year:-14%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

PAE Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9.529.529.529.9510.4210.4210.4210.4210.4210.4210.4210.4210.42
Reserves28.0118.334.64-5.53-43.54-49.35-51.22-47.75-48.95-54.39-42.21-38.01-38.49
Preference Capital0.005.005.008.479.100.000.000.000.000.000.000.00
Borrowings43.4530.8633.5921.2023.7726.6328.8823.2723.8528.7010.2510.6712.04
Other Liabilities10.8826.7227.7946.6136.9423.7021.9620.3118.8518.9924.6917.8116.85
Total Liabilities91.8685.4375.5472.2327.5911.4010.046.254.173.723.150.890.82
Fixed Assets9.798.928.316.115.404.674.093.250.670.580.030.010.01
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments15.4220.0220.0220.020.700.460.120.030.000.000.000.000.00
Other Assets66.6556.4947.2146.1021.496.275.832.973.503.143.120.880.81
Total Assets91.8685.4375.5472.2327.5911.4010.046.254.173.723.150.890.82

PAE Ltd Reserves and Borrowings Chart

PAE Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18.8618.58-0.314.62-0.80-3.31-4.141.81-0.95-0.35-1.34-6.74
Cash from Investing Activity -10.62-4.041.686.490.221.071.184.160.190.0814.926.43
Cash from Financing Activity -8.59-14.38-2.14-12.70-0.022.082.97-6.000.770.21-13.590.31
Net Cash Flow-0.350.16-0.77-1.59-0.60-0.160.01-0.020.00-0.060.000.00

PAE Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days39.4848.7578.28139.84361.07722.234,380.003,431.000.000.00
Inventory Days24.8735.8931.2422.3483.39118.51112.3128.08
Days Payable7.1942.6665.51160.78612.491,900.845,811.9210,416.54
Cash Conversion Cycle57.1641.9944.011.41-168.03-1,060.10-1,319.62-6,957.460.000.00
Working Capital Days74.6964.1872.4616.83-286.10-7,897.98-30,497.78-60,225.00-9,611.67-310,250.00
ROCE %-0.86%-3.59%-14.34%-18.13%-56.50%

PAE Ltd Financial Efficiency Indicators Chart

PAE Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters55.86%55.86%55.86%55.85%55.85%52.80%52.80%52.80%52.80%52.80%52.80%52.80%
DIIs0.44%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public43.71%44.12%44.12%44.13%44.13%47.18%47.18%47.19%47.19%47.19%47.18%47.18%
No. of Shareholders9,7119,7039,8559,9049,94855,12,02910,66410,82010,93210,77110,92710,843

PAE Ltd Shareholding Pattern Chart

No. of PAE Ltd Shareholders

This stock is not held by any mutual fund

PAE Ltd ROCE Trend

PAE Ltd EPS Trend

PAE Ltd Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-2.801.07-28.45-14.38-17.28
Diluted EPS (Rs.)-2.801.07-28.45-14.38-17.28
Cash EPS (Rs.)-2.631.43-26.06-9.29-13.07
Book Value[Excl.RevalReserv]/Share (Rs.)-42.00-39.16-40.33-14.36-1.47
Book Value[Incl.RevalReserv]/Share (Rs.)-39.17-36.17-36.82-9.483.86
Revenue From Operations / Share (Rs.)0.090.6015.2682.3599.57
PBDIT / Share (Rs.)-0.91-3.89-8.72-4.02-5.75
PBIT / Share (Rs.)-1.08-4.25-10.71-7.96-9.79
PBT / Share (Rs.)-2.801.08-28.10-14.14-17.42
Net Profit / Share (Rs.)-2.801.07-28.05-13.23-17.11
NP After MI And SOA / Share (Rs.)-2.801.07-28.05-13.23-17.11
PBDIT Margin (%)-1000.10-641.51-57.16-4.88-5.78
PBIT Margin (%)-1188.74-700.71-70.17-9.66-9.83
PBT Margin (%)-3068.24178.11-184.12-17.16-17.49
Net Profit Margin (%)-3068.55176.86-183.78-16.06-17.17
NP After MI And SOA Margin (%)-3068.55176.86-183.78-16.06-17.17
Return on Networth / Equity (%)0.00-2.730.000.000.00
Return on Capital Employeed (%)3.5915.7639.54-64.81-31.51
Return On Assets (%)-30.368.74-94.78-16.72-19.44
Long Term Debt / Equity (X)0.000.00-0.01-0.87-14.35
Total Debt / Equity (X)-0.65-0.61-0.57-2.56-32.13
Asset Turnover Ratio (%)0.010.020.240.961.05
Current Ratio (X)0.110.160.370.600.69
Quick Ratio (X)0.110.120.300.520.54
Interest Coverage Ratio (X)-2.02-4.26-3.85-0.58-0.75
Interest Coverage Ratio (Post Tax) (X)-2.40-4.66-4.70-1.02-1.24
Enterprise Value (Cr.)45.0648.6544.2955.0248.12
EV / Net Operating Revenue (X)473.8076.982.790.670.50
EV / EBITDA (X)-47.37-12.00-4.87-13.75-8.78
MarketCap / Net Operating Revenue (X)78.8923.080.730.140.05
Price / BV (X)-0.17-0.35-0.27-0.84-3.90
Price / Net Operating Revenue (X)79.1223.100.730.140.05
EarningsYield-0.380.07-2.49-1.08-2.98

PAE Ltd Profitability Ratios (%)

PAE Ltd Liquidity Ratios

PAE Ltd Liquidity Ratios (%)

PAE Ltd Interest Coverage Ratios (%)

PAE Ltd Valuation Ratios

Fair Value / Intrinsic Value of PAE Ltd

Fair Value: ₹61.74

The stock is undervalued by 979.29% compared to the current price ₹5.72

*Investments are subject to market risks

Strength and Weakness of PAE Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -39.50, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -2.62, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -6.76 and average Dividend Yield of -395.82%.
  2. The stock has a low average ROCE of -7.79%, which may not be favorable.
  3. The company has higher borrowings (2.12) compared to reserves (-28.34), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (42.56) and profit (-5.27).

Should I Buy PAE Ltd?

  • Considering various financial indicators, investors might exercise caution regarding investment in PAE Ltd:
    1. Net Profit Margin: -3068.55%
      • 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: 3.59% (Industry Average ROCE: 13.73%)
      • 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): -2.40
      • 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: 0.11
      • 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 of N/A (Industry average Stock P/E: 60.77)
      • 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: -0.65
      • 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 PAE 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