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Last Updated on: 10 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Pashupati Cotspin Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 7, 2024, 2:17 pm

Market Cap 880 Cr.
Current Price 558
High / Low613/85.0
Stock P/E106
Book Value 77.6
Dividend Yield0.13 %
ROCE10.2 %
ROE7.22 %
Face Value 10.0
PEG Ratio8.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pashupati Cotspin Ltd

Competitors of Pashupati Cotspin Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hisar Spinning Mills Ltd 26.7 Cr. 71.584.0/38.013.8 59.60.00 %12.5 %9.50 % 10.0
Rudra Ecovation Ltd 684 Cr. 65.182.6/20.1804 2.150.00 %1.92 %4.05 % 1.00
H P Cotton Textile Mills Ltd 50.3 Cr. 128194/11021.7 35.10.00 %4.39 %6.57 % 10.0
Gujarat Hy-Spin Ltd 26.8 Cr. 16.016.7/8.50158 11.40.00 %4.31 %0.90 % 10.0
Gem Spinners India Ltd 62.9 Cr. 10.210.2/3.27 0.260.00 %9.62 %% 5.00
Industry Average3,139.04 Cr204.62107.44127.560.30%35.08%10.57%7.41

All Competitor Stocks of Pashupati Cotspin Ltd

Quarterly Result

MonthJun 2024
Sales155.72
Expenses148.16
Operating Profit7.56
OPM %4.85%
Other Income1.74
Interest3.56
Depreciation2.19
Profit before tax3.55
Tax %33.80%
Net Profit2.35
EPS in Rs1.54

Last Updated: October 17, 2024, 5:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 5:08 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales072252248276334538397441661443658
Expenses069239235249310495375408622426628
Operating Profit-0313132725422233391730
OPM %5%5%5%10%7%8%5%7%6%4%5%
Other Income031415100-252489
Interest0615131310161212131017
Depreciation01559813131514911
Profit before tax-0-179167111716611
Tax %-31%-128%-16%10%-44%109%13%-144%28%31%33%26%
Net Profit-008823-19351148
EPS in Rs-0.629.203.103.477.282.695.43
Dividend Payout %0%0%0%0%0%0%5%16%22%10%28%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%187.50%-104.35%1000.00%-66.67%66.67%120.00%-63.64%100.00%
Change in YoY Net Profit Growth (%)0.00%187.50%-291.85%1104.35%-1066.67%133.33%53.33%-183.64%163.64%

Pashupati Cotspin Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:25%
5 Years:4%
3 Years:14%
TTM:49%
Compounded Profit Growth
10 Years:38%
5 Years:-8%
3 Years:16%
TTM:102%
Stock Price CAGR
10 Years:%
5 Years:51%
3 Years:86%
1 Year:315%
Return on Equity
10 Years:11%
5 Years:6%
3 Years:7%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital0000810101115151515
Reserves-0081760425159839396103
Borrowings89711110177159137112150177173151
Other Liabilities12732311226436316212341
Total Liabilities8124152149156237241244265307307310
Fixed Assets2747363601211091059586112135
CWIP2000004000260
Investments000000666393443
Other Assets550788696116121133163182135132
Total Assets8124152149156237241244265307307310

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 0-1193824-184429-11226552
Cash from Investing Activity -4-71-1-4-2-25-12-3-5-34-50-12
Cash from Financing Activity 484-8-34-2240-32-261613-15-41
Net Cash Flow010-0-1-30-001-0-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-8.00-94.00-98.00-88.00-50.00-134.00-95.00-90.00-117.00-138.00-156.00-121.00

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

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6623333430194733285134
Inventory Days11935293382495472403426
Days Payable21611446844717
Cash Conversion Cycle1645260541086293101647844
Working Capital Days217948682885168119869051
ROCE %10%21%19%17%10%15%5%9%11%6%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Promoters64.91%64.91%64.91%64.15%65.80%68.99%71.08%71.83%72.87%73.04%73.03%73.03%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.43%0.43%0.43%0.43%
Public35.09%35.09%35.09%35.84%34.21%31.02%28.92%28.17%26.70%26.53%26.54%26.54%
No. of Shareholders247239236232224195169146139129131131

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23
FaceValue10.0010.00
Basic EPS (Rs.)5.432.54
Diluted EPS (Rs.)5.432.54
Cash EPS (Rs.)13.178.60
Book Value[Excl.RevalReserv]/Share (Rs.)77.9973.37
Book Value[Incl.RevalReserv]/Share (Rs.)77.9973.37
Revenue From Operations / Share (Rs.)432.27289.73
PBDIT / Share (Rs.)26.1817.33
PBIT / Share (Rs.)18.4511.27
PBT / Share (Rs.)7.313.87
Net Profit / Share (Rs.)5.432.54
NP After MI And SOA / Share (Rs.)5.432.54
PBDIT Margin (%)6.055.98
PBIT Margin (%)4.263.88
PBT Margin (%)1.691.33
Net Profit Margin (%)1.250.87
NP After MI And SOA Margin (%)1.250.87
Return on Networth / Equity (%)7.003.48
Return on Capital Employeed (%)16.0710.09
Return On Assets (%)2.661.25
Long Term Debt / Equity (X)0.380.45
Total Debt / Equity (X)1.271.56
Asset Turnover Ratio (%)2.130.00
Current Ratio (X)1.221.14
Quick Ratio (X)0.910.88
Inventory Turnover Ratio (X)14.630.00
Dividend Payout Ratio (NP) (%)0.0029.55
Dividend Payout Ratio (CP) (%)0.008.72
Earning Retention Ratio (%)0.0070.45
Cash Earning Retention Ratio (%)0.0091.28
Interest Coverage Ratio (X)2.352.34
Interest Coverage Ratio (Post Tax) (X)1.491.34
Enterprise Value (Cr.)280.98327.57
EV / Net Operating Revenue (X)0.420.73
EV / EBITDA (X)7.0212.37
MarketCap / Net Operating Revenue (X)0.190.35
Retention Ratios (%)0.0070.44
Price / BV (X)1.111.40
Price / Net Operating Revenue (X)0.190.35
EarningsYield0.060.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Pashupati Cotspin Ltd as of November 10, 2024 is: 594.66

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.

As of November 10, 2024, Pashupati Cotspin Ltd is Undervalued by 6.57% compared to the current share price ₹558.00

Intrinsic Value of Pashupati Cotspin Ltd as of November 10, 2024 is: 665.21

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 10, 2024, Pashupati Cotspin Ltd is Undervalued by 19.21% compared to the current share price 558.00

Last 5 Year EPS CAGR: 11.86%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (360.00 cr) and profit (7.50 cr) over the years.
  1. The stock has a low average ROCE of 11.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 86.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 73.33, which may not be favorable.
  4. The company has higher borrowings (121.08) compared to reserves (51.00), which may suggest financial risk.

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 Pashupati Cotspin Ltd:
    1. Net Profit Margin: 1.25%
      • 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: 16.07% (Industry Average ROCE: 35.08%)
      • 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%: 7% (Industry Average ROE: 10.57%)
      • 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): 1.49
      • 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: 0.91
      • 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: 106 (Industry average Stock P/E: 107.44)
      • 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: 1.27
      • 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 - Qualitative Analysis

Pashupati Cotspin Ltd. is a Public Limited Listed company incorporated on 03/07/2017 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17309GJ2017PLC098117 and registration number is 098117. Currently Company is involved in the business activities of Cotton ginning, cleaning and bailing. Company’s Total Operating Revenue is Rs. 661.38 Cr. and Equity Capital is Rs. 15.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedSurvey No.404, At & Post Balasar, Kadi Gujarat 382715cs@pashupaticotspin.com
http://www.pashupaticotspin.com
Management
NamePosition Held
Mr. Saurin Jagdish Bhai ParikhChairman & Managing Director
Mr. Tushar Rameshchandra TrivediWhole Time Director
Mr. Dakshesh Jayantilal PatelNon Executive Director
Mr. Sandip Ashwinbhai ParikhIndependent Director
Mrs. Sheela Kirtankumar RoyIndependent Director

FAQ

What is the latest fair value of Pashupati Cotspin Ltd?

The latest fair value of Pashupati Cotspin Ltd is ₹594.66.

What is the Market Cap of Pashupati Cotspin Ltd?

The Market Cap of Pashupati Cotspin Ltd is 880 Cr..

What is the current Stock Price of Pashupati Cotspin Ltd as on 10 November 2024?

The current stock price of Pashupati Cotspin Ltd as on 10 November 2024 is 558.

What is the High / Low of Pashupati Cotspin Ltd stocks in FY 2024?

In FY 2024, the High / Low of Pashupati Cotspin Ltd stocks is 613/85.0.

What is the Stock P/E of Pashupati Cotspin Ltd?

The Stock P/E of Pashupati Cotspin Ltd is 106.

What is the Book Value of Pashupati Cotspin Ltd?

The Book Value of Pashupati Cotspin Ltd is 77.6.

What is the Dividend Yield of Pashupati Cotspin Ltd?

The Dividend Yield of Pashupati Cotspin Ltd is 0.13 %.

What is the ROCE of Pashupati Cotspin Ltd?

The ROCE of Pashupati Cotspin Ltd is 10.2 %.

What is the ROE of Pashupati Cotspin Ltd?

The ROE of Pashupati Cotspin Ltd is 7.22 %.

What is the Face Value of Pashupati Cotspin Ltd?

The Face Value of Pashupati Cotspin 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 Pashupati Cotspin 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