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

Fundamental Analysis of Panabyte Technologies Ltd

About the Company - Panabyte Technologies Ltd

Panache Innovations Ltd. is a Public Limited Listed company incorporated on 16/06/1981 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L51100MH1981PLC312742 and registration number is 033779. Currently Company is involved in the business activities of Wholesale of machinery, equipment and supplies. Company’s Total Operating Revenue is Rs. 8.40 Cr. and Equity Capital is Rs. 4.39 Cr. for the Year ended 31/03/2022.
Trading & DistributorsOffice No. 105, Primus Business Park, Thane Maharashtra
NamePosition Held
Mr. Prakash VichhivoraChairman & Managing Director
Mr. Hetal VichhivoraWholeTime Director & CFO
Mr. Shailesh GalaIndependent Director
Ms. Tejaswini MoreIndependent Director
Mr. Anil DagadeIndependent Director

Panabyte Technologies Ltd. Share Price Update

Share PriceValue
Previous Day₹29.34

Basic Stock Data of Panabyte Technologies Ltd

Market Cap 11.8 Cr.
Current Price 27.0
High / Low30.4/13.3
Stock P/E
Book Value 5.72
Dividend Yield0.00 %
ROCE2.26 %
ROE3.80 %
Face Value 10.0

Data Source:

Competitors of Panabyte Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sicagen India Ltd 232 Cr. 58.679.5/29.017.8 1161.02 %4.29 %2.72 % 10.0
Padmanabh Industries Ltd 2.98 Cr. 4.906.43/2.30 0.030.00 %0.00 %% 10.0
Uniphos Enterprises Ltd 974 Cr. 140184/13224.5 3794.64 %1.24 %1.23 % 2.00
Ambica Agarbathies Aroma & Industries Ltd 52.4 Cr. 30.543.2/19.1 59.30.00 %7.02 %2.44 % 10.0
MSTC Ltd 6,565 Cr. 9321,165/23928.2 1271.60 %37.9 %33.6 % 10.0
Industry Average1,565.28 Cr233.2014.10136.271.45%10.09%8.00%8.40

Panabyte Technologies Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit-0.10-0.290.370.020.000.01-
OPM %-3.01%-12.45%13.50%1.02%0.00%0.41%-0.52%1.92%2.87%-19.35%2.50%-25.32%-19.40%
Other Income0.
Profit before tax-0.09-0.290.380.030.020.02-
Tax %0.00%48.28%23.68%33.33%100.00%0.00%50.00%100.00%0.00%25.93%25.00%25.00%-9.52%
Net Profit-0.10-
EPS in Rs-0.23-0.340.660.050.000.05-

Panabyte Technologies Ltd Quarterly Chart

Panabyte Technologies Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit-
OPM %20.00%7.27%-4.76%3.45%1.38%0.72%-1.32%-0.86%-1.43%0.84%0.45%-15.36%
Other Income0.
Profit before tax0.
Tax %0.00%50.00%33.33%14.29%0.00%20.59%21.62%29.41%-100.00%35.71%50.00%26.67%
Net Profit0.
EPS in Rs1.250.420.140.141.460.640.660.300.09-0.230.02-1.03-2.14
Dividend Payout %0.00%0.00%0.00%0.00%0.00%78.39%75.69%84.42%0.00%0.00%0.00%0.00%

Panabyte Technologies Ltd Profit & Loss Yearly Chart

Panabyte Technologies Ltd Growth

Compounded Sales Growth
10 Years:50%
5 Years:-24%
3 Years:-16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
Stock Price CAGR
10 Years:%
5 Years:-5%
3 Years:6%
1 Year:18%
Return on Equity
10 Years:2%
5 Years:0%
3 Years:-2%
Last Year:-4%

Panabyte Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.240.244.394.394.394.394.394.394.394.394.394.394.39
Other Liabilities0.
Total Liabilities0.290.434.555.175.5315.1516.757.4613.2811.8411.7512.8512.15
Fixed Assets0.
Other Assets0.280.411.591.262.2613.7315.557.2113.1311.6811.3312.5511.88
Total Assets0.290.434.555.175.5315.1516.757.4613.2811.8411.7512.8512.15

Panabyte Technologies Ltd Reserves and Borrowings Chart

Panabyte Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.120.03-0.780.86-1.37-0.110.81-0.93-1.07-0.36-0.42-0.21
Cash from Investing Activity 0.12-0.01-2.93-0.781.370.39-0.671.11-0.710.120.54-0.05
Cash from Financing Activity
Net Cash Flow0.000.020.39-0.170.07-0.25-0.050.00-1.83-0.190.05-0.02

Panabyte Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days48.679.954.7490.62294.21128.99172.41159.57168.92187.29188.06
Inventory Days0.0036.5015.6429.59123.3714.60
Days Payable0.0031.2942.75401.141,342.08
Cash Conversion Cycle48.6746.45-10.9077.4716.45-1,198.49172.41159.57168.92187.29188.06
Working Capital Days632.67368.3237.92438.0068.102.51143.89123.60203.52243.04237.85
ROCE %-3.64%6.78%3.74%0.88%2.87%7.77%11.27%4.78%3.58%1.62%5.43%2.26%

Panabyte Technologies Ltd Financial Efficiency Indicators Chart

Panabyte Technologies Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders724739780794819815838859849846854915

Panabyte Technologies Ltd Shareholding Pattern Chart

No. of Panabyte Technologies Ltd Shareholders

This stock is not held by any mutual fund

Panabyte Technologies Ltd ROCE Trend

Panabyte Technologies Ltd EPS Trend

Panabyte Technologies Ltd Key Financial Ratios

MonthMar 21Mar 20Mar 19Mar 18Mar 17
Basic EPS (Rs.)-0.520.37-0.841.440.71
Diluted EPS (Rs.)-0.520.37-0.841.440.71
Cash EPS (Rs.)-0.470.41-0.801.470.74
Book Value[Excl.RevalReserv]/Share (Rs.)7.607.857.898.968.16
Book Value[Incl.RevalReserv]/Share (Rs.)7.607.857.898.968.16
Revenue From Operations / Share (Rs.)22.3934.4523.5091.3125.53
PBDIT / Share (Rs.)0.230.58-0.711.650.89
PBIT / Share (Rs.)0.170.53-0.731.620.86
PBT / Share (Rs.)-0.610.32-0.731.610.86
Net Profit / Share (Rs.)-0.530.36-0.831.440.71
NP After MI And SOA / Share (Rs.)-0.530.36-0.831.440.71
PBDIT Margin (%)1.031.70-3.021.813.50
PBIT Margin (%)0.791.56-3.141.773.39
PBT Margin (%)-2.750.93-3.141.763.38
Net Profit Margin (%)-2.371.07-3.551.572.79
NP After MI And SOA Margin (%)-2.371.07-3.551.572.79
Return on Networth / Equity (%)-6.984.70-10.5816.088.73
Return on Capital Employeed (%)2.146.79-9.3618.1210.57
Return On Assets (%)-1.961.22-4.973.692.05
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.710.560.000.000.00
Asset Turnover Ratio (%)0.781.460.672.180.00
Current Ratio (X)1.411.341.241.061.18
Quick Ratio (X)
Dividend Payout Ratio (NP) (%)0.0046.84-41.4524.01140.27
Dividend Payout Ratio (CP) (%)0.0041.53-42.9223.54135.00
Earning Retention Ratio (%)0.0053.16141.4575.99-40.27
Cash Earning Retention Ratio (%)0.0058.47142.9276.46-35.00
Interest Coverage Ratio (X)0.454.360.000.00266.34
Interest Coverage Ratio (Post Tax) (X)0.544.360.000.00212.77
Enterprise Value (Cr.)8.8911.1713.9916.6410.75
EV / Net Operating Revenue (X)0.900.731.360.410.95
EV / EBITDA (X)87.3643.40-44.8822.9327.42
MarketCap / Net Operating Revenue (X)0.660.611.360.410.96
Retention Ratios (%)0.0053.15141.4575.98-40.27
Price / BV (X)1.952.694.064.253.03
Price / Net Operating Revenue (X)0.660.611.360.410.96

Panabyte Technologies Ltd Profitability Ratios (%)

Panabyte Technologies Ltd Liquidity Ratios

Panabyte Technologies Ltd Liquidity Ratios (%)

Panabyte Technologies Ltd Interest Coverage Ratios (%)

Panabyte Technologies Ltd Valuation Ratios

Fair Value / Intrinsic Value of Panabyte Technologies Ltd

Fair Value: ₹3.33

The stock is overvalued by 87.68% compared to the current price ₹27

*Investments are subject to market risks

Strength and Weakness of Panabyte Technologies Ltd

    1. The stock is trading at a high valuation with an average P/B ratio of 0.49 and average Dividend Yield of 0.87%.
    2. The stock has a low average ROCE of 3.95%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 208.29, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 87.78, which may not be favorable.
    5. The company has higher borrowings (1.05) compared to reserves (-0.59), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (8.04) and profit (-0.01).

    Should I Buy Panabyte Technologies Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Panabyte Technologies Ltd:
      1. Net Profit Margin: -2.37%
        • 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: 2.14% (Industry Average ROCE: 9.78%)
        • 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): 0.54
        • 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: 1.09
        • 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: 94.04)
        • 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: 0.71
        • 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, 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 Panabyte 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 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