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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Palred Technologies Ltd

About the Company - Palred Technologies Ltd

Palred Technologies Ltd. is a Public Limited Listed company incorporated on 24/12/1999 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L72200TG1999PLC033131 and registration number is 033131. Currently company belongs to the Industry of IT Consulting & Software. Company’s Total Operating Revenue is Rs. 1.50 Cr. and Equity Capital is Rs. 9.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwarePlot No.2, 8-2-703/2/B, Hyderabad Telangana 500034company@palred.com
http://www.palred.com
Management
NamePosition Held
Mrs. Palem Supriya ReddyChairman & Managing Director
Mr. Srikar ReddyNon Executive Director
Ms. Stuthi ReddyNon Executive Director
Mr. S Vijaya SaradhiIndependent Director
Mr. Atul SharmaIndependent Director
Ms. AakankshaIndependent Director

Palred Technologies Ltd. Share Price Update

Share PriceValue
Today₹172.00
Previous Day₹177.10

Basic Stock Data of Palred Technologies Ltd

Market Cap 208 Cr.
Current Price 170
High / Low230/112
Stock P/E
Book Value 48.4
Dividend Yield0.00 %
ROCE4.41 %
ROE0.08 %
Face Value 10.0

Data Source: screener.in

Competitors of Palred Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Brightcom Group Ltd 3,642 Cr. 18.036.8/9.272.57 34.70.00 %30.9 %22.3 % 2.00
Droneacharya Aerial Innovations Ltd 405 Cr. 169221/11157.8 29.30.00 %11.6 %8.45 % 10.0
R Systems International Ltd 5,544 Cr. 469599/24139.6 51.71.45 %26.0 %24.2 % 1.00
Xelpmoc Design and Tech Ltd 187 Cr. 128146/71.0 46.80.00 %20.9 %21.3 % 10.0
Cybertech Systems & Software Ltd 526 Cr. 169215/84.825.0 53.11.18 %20.0 %13.8 % 10.0
Industry Average2,060.80 Cr190.6024.9943.120.53%21.88%18.01%6.60

Palred Technologies Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales39.3231.4331.6226.9747.2029.5623.8636.4948.9430.8631.7433.0541.68
Expenses37.3929.5331.0325.9645.8030.1624.5235.4647.2831.0131.9033.4740.05
Operating Profit1.931.900.591.011.40-0.60-0.661.031.66-0.15-0.16-0.421.63
OPM %4.91%6.05%1.87%3.74%2.97%-2.03%-2.77%2.82%3.39%-0.49%-0.50%-1.27%3.91%
Other Income0.500.300.640.210.360.180.300.730.510.740.691.310.76
Interest0.770.790.780.720.920.900.690.860.831.221.511.641.74
Depreciation0.160.170.230.120.200.170.140.190.170.220.480.420.40
Profit before tax1.501.240.220.380.64-1.49-1.190.711.17-0.85-1.46-1.170.25
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit1.511.240.230.370.64-1.48-1.190.711.17-0.85-1.46-1.180.26
EPS in Rs1.231.000.050.250.38-1.38-1.010.590.92-0.46-0.82-0.640.22

Palred Technologies Ltd Quarterly Chart

Palred Technologies Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales12212613273841513446117128148137
Expenses113112111126253594450112126145136
Operating Profit91521-5-24-12-8-10-45131
OPM %7%12%16%-73%-62%-30%-16%-30%-10%4%1%2%1%
Other Income-2-49-17313-022134
Interest2220000013456
Depreciation2220111111112
Profit before tax3-39161-21-12-6-11-53-2-0-3
Tax %7%-11%28%1%-0%-6%0%0%0%0%0%0%
Net Profit3-43121-22-13-6-11-53-2-0-3
EPS in Rs1.58-21.875.910.64-20.40-13.72-5.62-10.58-4.792.58-1.76-0.03-1.70
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Palred Technologies Ltd Profit & Loss Yearly Chart

Palred Technologies Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:24%
3 Years:48%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:15%
3 Years:26%
TTM:98%
Stock Price CAGR
10 Years:18%
5 Years:42%
3 Years:15%
1 Year:16%
Return on Equity
10 Years:%
5 Years:-7%
3 Years:1%
Last Year:0%

Palred Technologies Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital191919208810101010101212
Reserves13910311670332233221720264847
Borrowings313026000001430346070
Other Liabilities3743315127957861013
Total Liabilities2261951929553375236486776130142
Fixed Assets1731331333564123276
CWIP0000000000000
Investments0218034208000000
Other Assets5360581214114135466573123136
Total Assets2261951929553375236486776130142

Palred Technologies Ltd Reserves and Borrowings Chart

Palred Technologies Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 41110-8-17-16-9-14-15-13-3-18
Cash from Investing Activity -15-4-094814-11154-3-5-25
Cash from Financing Activity 5-5-60-30022-01113743
Net Cash Flow-52421-1210-3-10

Palred Technologies Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days74725300001644543973
Inventory Days69714391108971466687103
Days Payable1125870561434821
Cash Conversion Cycle74725358585225298156111124175
Working Capital Days-12-50-31182-3811972148118121155
ROCE %5%8%13%-31%-31%-17%-23%-9%12%3%4%

Palred Technologies Ltd Financial Efficiency Indicators Chart

Palred Technologies Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters37.78%37.78%37.78%37.78%37.78%37.78%37.78%34.80%30.06%30.06%30.06%30.06%
FIIs7.21%7.21%7.21%7.21%7.21%7.21%7.21%6.64%5.94%5.94%5.94%5.87%
Public55.01%55.01%55.01%55.01%55.01%55.01%55.01%58.55%64.00%64.00%64.00%64.06%
No. of Shareholders12,59012,66012,80514,81014,40414,16714,51314,36314,17214,42014,37914,944

Palred Technologies Ltd Shareholding Pattern Chart

No. of Palred Technologies Ltd Shareholders

This stock is not held by any mutual fund

Palred Technologies Ltd ROCE Trend

Palred Technologies Ltd EPS Trend

Palred Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.03-1.762.58-4.78-10.77
Diluted EPS (Rs.)-0.03-1.762.58-4.78-10.77
Cash EPS (Rs.)0.50-1.064.25-3.96-10.84
Book Value[Excl.RevalReserv]/Share (Rs.)50.5739.3832.6429.3233.95
Book Value[Incl.RevalReserv]/Share (Rs.)50.5739.3832.6429.3233.95
Revenue From Operations / Share (Rs.)121.00131.09120.2246.8134.87
PBDIT / Share (Rs.)4.122.267.06-2.99-8.52
PBIT / Share (Rs.)3.251.616.33-3.76-9.24
PBT / Share (Rs.)-0.36-1.713.51-4.73-11.56
Net Profit / Share (Rs.)-0.36-1.713.51-4.73-11.56
NP After MI And SOA / Share (Rs.)-0.03-1.762.58-4.78-10.59
PBDIT Margin (%)3.401.725.87-6.38-24.44
PBIT Margin (%)2.681.235.26-8.04-26.51
PBT Margin (%)-0.30-1.302.92-10.11-33.14
Net Profit Margin (%)-0.30-1.302.92-10.11-33.14
NP After MI And SOA Margin (%)-0.02-1.342.14-10.22-30.36
Return on Networth / Equity (%)-0.06-4.788.57-17.25-32.68
Return on Capital Employeed (%)5.913.8518.95-12.61-26.67
Return On Assets (%)-0.02-2.263.72-9.66-28.40
Total Debt / Equity (X)0.910.870.950.440.00
Asset Turnover Ratio (%)0.020.020.040.020.00
Current Ratio (X)1.891.991.752.2212.69
Quick Ratio (X)1.421.361.321.6011.04
Interest Coverage Ratio (X)1.140.672.51-3.08-93.28
Interest Coverage Ratio (Post Tax) (X)0.890.482.25-3.88-101.17
Enterprise Value (Cr.)176.12156.46104.004.378.88
EV / Net Operating Revenue (X)1.191.230.880.090.26
EV / EBITDA (X)34.9371.1715.14-1.50-1.07
MarketCap / Net Operating Revenue (X)1.131.150.780.200.89
Price / BV (X)2.804.093.140.340.96
Price / Net Operating Revenue (X)1.131.150.780.200.89
EarningsYield0.00-0.010.02-0.50-0.33

Palred Technologies Ltd Profitability Ratios (%)

Palred Technologies Ltd Liquidity Ratios

Palred Technologies Ltd Liquidity Ratios (%)

Palred Technologies Ltd Interest Coverage Ratios (%)

Palred Technologies Ltd Valuation Ratios

Fair Value / Intrinsic Value of Palred Technologies Ltd

Fair Value: ₹0.59

The stock is overvalued by 99.65% compared to the current price ₹170

*Investments are subject to market risks

Strength and Weakness of Palred Technologies Ltd

StrengthWeakness
  1. The company has higher reserves (53.54 cr) compared to borrowings (22.69 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -0.36 and average Dividend Yield of -5.08%.
  2. The stock has a low average ROCE of -5.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 57.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 133.92, which may not be favorable.
  5. The company has not shown consistent growth in sales (86.69) and profit (-5.85).

Should I Buy Palred Technologies Ltd?

  • Considering various financial indicators, investors might exercise caution regarding investment in Palred Technologies Ltd:
    1. Net Profit Margin: -0.30%
      • 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: 5.91% (Industry Average ROCE: 19.69%)
      • 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): 0.89
      • 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: 1.42
      • 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: 18.94)
      • 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: 0.91
      • 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 Palred Technologies 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