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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Panasonic Energy India Company Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:18 pm

Market Cap 400 Cr.
Current Price 533
High / Low615/229
Stock P/E34.4
Book Value 137
Dividend Yield0.00 %
ROCE15.8 %
ROE12.0 %
Face Value 10.0
PEG Ratio4.07

Competitors of Panasonic Energy India Company Ltd

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

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales66.8762.2048.5266.1767.2859.2160.5066.1665.8060.8376.8168.3674.74
Expenses61.8660.4344.6659.9663.3361.3257.8965.6767.6668.5873.1463.4968.30
Operating Profit5.011.773.866.213.95-2.112.610.49-1.86-7.753.674.876.44
OPM %7.49%2.85%7.96%9.38%5.87%-3.56%4.31%0.74%-2.83%-12.74%4.78%7.12%8.62%
Other Income0.991.010.890.811.191.030.83-6.530.451.000.670.740.69
Interest0.23-0.010.020.040.030.070.070.060.040.020.070.020.02
Depreciation0.570.830.780.780.830.770.740.760.730.930.810.960.95
Profit before tax5.201.963.956.204.28-1.922.63-6.86-2.18-7.703.464.636.16
Tax %28.65%13.27%25.82%26.29%25.93%33.33%26.24%25.22%27.52%24.03%25.14%25.27%26.62%
Net Profit3.721.702.934.573.17-1.281.93-5.14-1.58-5.842.593.464.52
EPS in Rs4.962.273.916.094.23-1.712.57-6.85-2.11-7.793.454.616.03

Last Updated: June 11, 2024, 3:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:55 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales185206225238241208206207204232242253281
Expenses180201210214218200193202198218229259274
Operating Profit55142423812551413-67
OPM %3%3%6%10%10%4%6%2%3%6%5%-2%3%
Other Income22254444333-43
Interest0000000000000
Depreciation3332222333334
Profit before tax441327251014651413-147
Tax %55%34%41%34%34%37%28%21%39%26%25%25%
Net Profit227181761053109-115
EPS in Rs2.413.289.9123.7922.048.3613.076.154.2013.7612.52-14.196.30
Dividend Payout %83%61%35%29%32%66%54%65%95%58%60%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%250.00%157.14%-5.56%-64.71%66.67%-50.00%-40.00%233.33%-10.00%-222.22%
Change in YoY Net Profit Growth (%)0.00%250.00%-92.86%-162.70%-59.15%131.37%-116.67%10.00%273.33%-243.33%-212.22%

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:23%
3 Years:41%
1 Year:154%
Return on Equity
10 Years:9%
5 Years:5%
3 Years:5%
Last Year:-4%

Last Updated: April 16, 2024, 12:40 pm

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow5.005.0014.0024.0023.008.0012.005.002.0012.0011.00-7.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%41.95%41.93%41.94%
No. of Shareholders9,16910,72111,64411,59311,65511,71011,51711,26311,21611,86911,51312,003

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.52-14.1812.528.924.20
Diluted EPS (Rs.)15.52-14.1812.528.924.20
Cash EPS (Rs.)20.49-9.9616.7317.578.42
Book Value[Excl.RevalReserv]/Share (Rs.)137.03122.36144.82141.52132.11
Book Value[Incl.RevalReserv]/Share (Rs.)137.03122.36144.82141.52132.11
Dividend / Share (Rs.)8.850.007.508.004.00
Revenue From Operations / Share (Rs.)389.89337.72322.02309.81271.38
PBDIT / Share (Rs.)25.79-3.7621.0922.9811.43
PBIT / Share (Rs.)20.82-7.9916.8819.187.21
PBT / Share (Rs.)20.63-18.8316.6818.656.93
Net Profit / Share (Rs.)15.52-14.1812.5213.774.20
PBDIT Margin (%)6.61-1.116.547.414.21
PBIT Margin (%)5.33-2.365.246.192.65
PBT Margin (%)5.29-5.575.176.012.55
Net Profit Margin (%)3.98-4.193.884.441.54
Return on Networth / Equity (%)11.32-11.598.649.723.18
Return on Capital Employeed (%)14.57-6.2711.4113.355.31
Return On Assets (%)8.09-7.886.617.402.41
Asset Turnover Ratio (%)2.101.831.721.721.58
Current Ratio (X)2.722.513.493.403.46
Quick Ratio (X)1.971.402.292.542.20
Inventory Turnover Ratio (X)3.473.033.793.343.18
Dividend Payout Ratio (NP) (%)0.000.0063.9029.0595.17
Dividend Payout Ratio (CP) (%)0.000.0047.8022.7647.49
Earning Retention Ratio (%)0.000.0036.1070.954.83
Cash Earning Retention Ratio (%)0.000.0052.2077.2452.51
Interest Coverage Ratio (X)138.64-15.73104.6243.3239.77
Interest Coverage Ratio (Post Tax) (X)84.47-13.9663.1026.9515.62
Enterprise Value (Cr.)296.29148.15158.8585.2931.52
EV / Net Operating Revenue (X)1.010.580.650.360.15
EV / EBITDA (X)15.32-52.4810.044.953.68
MarketCap / Net Operating Revenue (X)1.050.640.860.640.39
Retention Ratios (%)0.000.0036.0970.944.82
Price / BV (X)2.981.771.921.410.81
Price / Net Operating Revenue (X)1.050.640.860.640.39
EarningsYield0.03-0.060.040.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 576.85

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.23% compared to the current price 533

Intrinsic Value: 625.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 17.37% compared to the current price ₹533

Last 5 Year EPS CAGR: 8.45%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (86.58 cr) compared to borrowings (0.75 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (225.23 cr) and profit (9.85 cr) over the years.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 46.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 81.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Panasonic Energy India Company Ltd:
    1. Net Profit Margin: 3.98%
      • 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: 14.57% (Industry Average ROCE: %)
      • 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. ROE%: 11.32% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 84.47
      • 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.
    5. Quick Ratio: 1.97
      • 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.
    6. ✗ Stock P/E: 34.4 (Industry average Stock P/E: )
      • 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.
    7. ✗ 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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

FAQ

What is the latest fair value of Panasonic Energy India Company Ltd?

The latest fair value of Panasonic Energy India Company Ltd is ₹576.85.

What is the Market Cap of Panasonic Energy India Company Ltd?

The Market Cap of Panasonic Energy India Company Ltd is 400 Cr..

What is the current Stock Price of Panasonic Energy India Company Ltd as on 19 June 2024?

The current stock price of Panasonic Energy India Company Ltd as on 19 June 2024 is ₹533.

What is the High / Low of Panasonic Energy India Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Panasonic Energy India Company Ltd stocks is 615/229.

What is the Stock P/E of Panasonic Energy India Company Ltd?

The Stock P/E of Panasonic Energy India Company Ltd is 34.4.

What is the Book Value of Panasonic Energy India Company Ltd?

The Book Value of Panasonic Energy India Company Ltd is 137.

What is the Dividend Yield of Panasonic Energy India Company Ltd?

The Dividend Yield of Panasonic Energy India Company Ltd is 0.00 %.

What is the ROCE of Panasonic Energy India Company Ltd?

The ROCE of Panasonic Energy India Company Ltd is 15.8 %.

What is the ROE of Panasonic Energy India Company Ltd?

The ROE of Panasonic Energy India Company Ltd is 12.0 %.

What is the Face Value of Panasonic Energy India Company Ltd?

The Face Value of Panasonic Energy India Company Ltd is 10.0.

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