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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Panasonic Energy India Company Ltd

About the Company - Panasonic Energy India Company Ltd

Panasonic Energy India Company Ltd. is a Public Limited Listed company incorporated on 24/05/1972 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L31400GJ1972PLC002091 and registration number is 002091. Currently Company is involved in the business activities of Manufacture of primary cells and primary batteries nd rechargable batteries, cells containing manganese oxide, mercuric oxide silver oxide or other material. Company’s Total Operating Revenue is Rs. 241.52 Cr. and Equity Capital is Rs. 7.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dry CellsGIDC, Makarpura, Vadodra Gujarat 390010company.secretary@in.panasonic.com
http://www.panasonicenergyindia.in
Management
NamePosition Held
Mr. Akinori IsomuraChairman & Managing Director
Ms. Geeta GoradiaDirector
Mr. Tadasuke HosoyaDirector
Mr. Atul DalmiaDirector
Mr. Mayur SwadiaDirector
Mr. Hideyuki OkunagaDirector

Panasonic Energy India Company Ltd. Share Price Update

Share PriceValue
Today₹432.50
Previous Day₹435.00

Basic Stock Data of Panasonic Energy India Company Ltd

Market Cap 322 Cr.
Current Price 429
High / Low489/201
Stock P/E55.4
Book Value 130
Dividend Yield0.00 %
ROCE6.86 %
ROE3.76 %
Face Value 10.0

Data Source: screener.in

Competitors of Panasonic Energy India Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Panasonic Energy India Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales69.4566.8762.2048.5266.1767.2859.2160.5066.1665.8060.8376.8168.36
Expenses58.6561.8660.4344.6659.9663.3361.3257.8965.6767.6668.5873.1463.49
Operating Profit10.805.011.773.866.213.95-2.112.610.49-1.86-7.753.674.87
OPM %15.55%7.49%2.85%7.96%9.38%5.87%-3.56%4.31%0.74%-2.83%-12.74%4.78%7.12%
Other Income1.010.991.010.890.811.191.030.83-6.530.451.000.670.74
Interest0.020.23-0.010.020.040.030.070.070.060.040.020.070.02
Depreciation0.740.570.830.780.780.830.770.740.760.730.930.810.96
Profit before tax11.055.201.963.956.204.28-1.922.63-6.86-2.18-7.703.464.63
Tax %26.79%28.65%13.27%25.82%26.29%25.93%33.33%26.24%25.22%27.52%24.03%25.14%25.27%
Net Profit8.083.721.702.934.573.17-1.281.93-5.14-1.58-5.842.593.46
EPS in Rs10.774.962.273.916.094.23-1.712.57-6.85-2.11-7.793.454.61

Panasonic Energy India Company Ltd Quarterly Chart

Panasonic Energy India Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales185206225238241208206207204232242253272
Expenses180201210214218200193202198218229259273
Operating Profit55142423812551413-6-1
OPM %3%3%6%10%10%4%6%2%3%6%5%-2%-0%
Other Income22254444333-43
Interest0000000000000
Depreciation3332222333333
Profit before tax441327251014651413-14-2
Tax %55%34%41%34%34%37%28%21%39%26%25%25%
Net Profit227181761053109-11-1
EPS in Rs2.413.289.9123.7922.048.3613.076.154.2013.7612.52-14.19-1.84
Dividend Payout %83%61%35%29%32%66%54%65%95%58%60%0%

Panasonic Energy India Company Ltd Profit & Loss Yearly Chart

Panasonic Energy India Company Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:4%
3 Years:8%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:617%
Stock Price CAGR
10 Years:23%
5 Years:18%
3 Years:26%
1 Year:85%
Return on Equity
10 Years:9%
5 Years:5%
3 Years:5%
Last Year:-4%

Panasonic Energy India Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888888888
Reserves606165778790959392991018490
Borrowings0000000032211
Other Liabilities28313343383431262931324239
Total Liabilities96100106127133132133127131139142135138
Fixed Assets20181614191719162224232423
CWIP0005010500200
Investments0000000000000
Other Assets768290108114114114105108116117111115
Total Assets96100106127133132133127131139142135138

Panasonic Energy India Company Ltd Reserves and Borrowings Chart

Panasonic Energy India Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -2-21020233-28-220-7-8
Cash from Investing Activity 1-01-3-3-19510-10-111510
Cash from Financing Activity -2-2-2-3-6-6-5-6-4-4-7-6
Net Cash Flow-3-4914-78-112-1742-5

Panasonic Energy India Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3944434355149589914
Inventory Days6069616271919290113769996
Days Payable152214121829282526373034
Cash Conversion Cycle8591909410876737095477876
Working Capital Days656858435825393140204366
ROCE %6%6%18%33%28%11%14%6%6%14%11%-7%

Panasonic Energy India Company Ltd Financial Efficiency Indicators Chart

Panasonic Energy India Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%58.06%
Public41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.94%41.95%41.93%
No. of Shareholders8,3939,16910,72111,64411,59311,65511,71011,51711,26311,21611,86911,513

Panasonic Energy India Company Ltd Shareholding Pattern Chart

No. of Panasonic Energy India Company Ltd Shareholders

This stock is not held by any mutual fund

Panasonic Energy India Company Ltd ROCE Trend

Panasonic Energy India Company Ltd EPS Trend

Panasonic Energy India Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-14.1812.528.924.206.15
Diluted EPS (Rs.)-14.1812.528.924.206.15
Cash EPS (Rs.)-9.9616.7317.578.429.84
Book Value[Excl.RevalReserv]/Share (Rs.)122.36144.82141.52132.11134.60
Book Value[Incl.RevalReserv]/Share (Rs.)122.36144.82141.52132.11134.60
Dividend / Share (Rs.)0.007.508.004.004.00
Revenue From Operations / Share (Rs.)337.72322.02309.81271.38276.62
PBDIT / Share (Rs.)-3.7621.0922.9811.4311.55
PBIT / Share (Rs.)-7.9916.8819.187.217.86
PBT / Share (Rs.)-18.8316.6818.656.937.80
Net Profit / Share (Rs.)-14.1812.5213.774.206.15
PBDIT Margin (%)-1.116.547.414.214.17
PBIT Margin (%)-2.365.246.192.652.84
PBT Margin (%)-5.575.176.012.552.81
Net Profit Margin (%)-4.193.884.441.542.22
Return on Networth / Equity (%)-11.598.649.723.184.56
Return on Capital Employeed (%)-6.2711.4113.355.315.78
Return On Assets (%)-7.886.617.402.413.64
Asset Turnover Ratio (%)1.831.721.721.581.60
Current Ratio (X)2.513.493.403.463.94
Quick Ratio (X)1.402.292.542.202.74
Inventory Turnover Ratio (X)3.033.793.343.183.51
Dividend Payout Ratio (NP) (%)0.0063.9029.0595.17113.81
Dividend Payout Ratio (CP) (%)0.0047.8022.7647.4971.12
Earning Retention Ratio (%)0.0036.1070.954.83-13.81
Cash Earning Retention Ratio (%)0.0052.2077.2452.5128.88
Interest Coverage Ratio (X)-15.73104.6243.3239.77178.29
Interest Coverage Ratio (Post Tax) (X)-13.9663.1026.9515.6295.91
Enterprise Value (Cr.)148.15158.8585.2931.5293.44
EV / Net Operating Revenue (X)0.580.650.360.150.45
EV / EBITDA (X)-52.4810.044.953.6810.78
MarketCap / Net Operating Revenue (X)0.640.860.640.390.71
Retention Ratios (%)0.0036.0970.944.82-13.81
Price / BV (X)1.771.921.410.811.47
Price / Net Operating Revenue (X)0.640.860.640.390.71
EarningsYield-0.060.040.060.030.03

Panasonic Energy India Company Ltd Profitability Ratios (%)

Panasonic Energy India Company Ltd Liquidity Ratios

Panasonic Energy India Company Ltd Liquidity Ratios (%)

Panasonic Energy India Company Ltd Interest Coverage Ratios (%)

Panasonic Energy India Company Ltd Valuation Ratios

Fair Value / Intrinsic Value of Panasonic Energy India Company Ltd

Fair Value: ₹276.21

The stock is overvalued by 35.62% compared to the current price ₹429

*Investments are subject to market risks

Strength and Weakness of Panasonic Energy India Company Ltd

StrengthWeakness
  1. The company has higher reserves (84.15 cr) compared to borrowings (0.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (224.54 cr) and profit (9.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.66 and average Dividend Yield of 2.91%.
  2. The stock has a low average ROCE of 12.17%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 46.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 81.92, which may not be favorable.

Should I Buy Panasonic Energy India Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Panasonic Energy India Company Ltd:
    1. Net Profit Margin: -4.19%
      • 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: -6.27% (Industry Average ROCE: 0%)
      • 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): -13.96
      • 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: 1.40
      • 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: 56.2 (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: N/A
      • 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 Panasonic Energy India Company 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