Patel Integrated Logistics Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 23, 2024, 10:23 pm

Market Cap	154 Cr.
Current Price	22.1
High / Low	29.0/17.8
Stock P/E	23.0
Book Value	17.3
Dividend Yield	0.45 %
ROCE	5.66 %
ROE	4.67 %
Face Value	10.0
PEG Ratio	0.16

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Patel Integrated Logistics Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Flomic Global Logistics Ltd	122 Cr.	67.4	88.0/61.0	28.8	24.1	0.00 %	8.64 %	5.18 %	10.0
DJ Mediaprint & Logistics Ltd	614 Cr.	188	212/42.7	87.9	11.0	0.04 %	19.0 %	16.2 %	10.0
Delhivery Ltd	26,690 Cr.	359	488/326	848	125	0.00 %	1.73 %	2.94 %	1.00
Chartered Logistics Ltd	118 Cr.	11.9	14.2/5.87	45.8	5.27	0.00 %	4.43 %	0.36 %	1.00
Cargotrans Maritime Ltd	35.5 Cr.	87.0	103/50.8	20.2	36.9	0.00 %	18.7 %	14.0 %	10.0
Industry Average	4,213.18	N/A		95.18	N/A	N/A	9.54	13.90	N/A

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	51.07	57.54	60.46	65.04	71.49	81.50	61.15	64.13	61.05	66.85	76.81	85.85	82.11
Expenses	50.50	56.23	58.34	61.54	68.86	78.44	58.12	62.57	59.08	64.57	74.73	83.07	79.98
Operating Profit	0.57	1.31	2.12	3.50	2.63	3.06	3.03	1.56	1.97	2.28	2.08	2.78	2.13
OPM %	1.12%	2.28%	3.51%	5.38%	3.68%	3.75%	4.96%	2.43%	3.23%	3.41%	2.71%	3.24%	2.59%
Other Income	0.69	0.73	0.85	0.43	0.51	0.47	0.13	0.95	0.37	0.37	0.69	0.54	0.56
Interest	1.50	1.35	1.27	1.22	1.27	1.44	1.36	0.71	0.61	0.60	0.57	0.82	0.45
Depreciation	0.55	0.68	0.68	0.72	0.77	0.74	0.71	0.70	0.70	0.71	0.70	0.70	0.71
Profit before tax	-0.79	0.01	1.02	1.99	1.10	1.35	1.09	1.10	1.03	1.34	1.50	1.80	1.53
Tax %	2.53%	-100.00%	9.80%	-7.04%	-0.91%	8.15%	-7.34%	-24.55%	-0.97%	0.00%	0.67%	7.22%	0.00%
Net Profit	-0.81	0.03	0.92	2.14	1.11	1.25	1.17	1.37	1.04	1.34	1.49	1.67	1.53
EPS in Rs	-0.11	0.00	0.13	0.30	0.16	0.18	0.17	0.20	0.15	0.19	0.21	0.24	0.22

Last Updated: October 17, 2024, 4:59 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 4:59 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	579	543	588	511	454	424	448	347	212	234	278	291	312
Expenses	562	527	568	490	436	406	433	339	207	227	268	281	302
Operating Profit	17	16	20	22	18	17	15	8	5	8	10	9	9
OPM %	3%	3%	3%	4%	4%	4%	3%	2%	2%	3%	4%	3%	3%
Other Income	1	1	2	3	5	5	6	16	5	3	2	2	2
Interest	9	9	9	9	8	7	8	7	8	5	5	3	2
Depreciation	5	4	5	4	4	5	5	4	2	3	3	3	3
Profit before tax	4	3	8	11	10	11	7	13	0	2	5	6	6
Tax %	37%	24%	25%	24%	25%	23%	15%	16%	79%	-2%	-5%	2%
Net Profit	2	2	6	8	8	8	6	11	0	2	5	6	6
EPS in Rs	0.37	0.36	0.91	1.23	1.15	1.16	0.89	1.51	0.01	0.32	0.70	0.80	0.86
Dividend Payout %	32%	32%	13%	9%	10%	15%	13%	2%	521%	16%	13%	12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2022-2023	2023-2024
YoY Net Profit Growth (%)	0.00%	200.00%	33.33%	0.00%	0.00%	-25.00%	83.33%	-100.00%	150.00%	20.00%
Change in YoY Net Profit Growth (%)	0.00%	200.00%	-166.67%	-33.33%	0.00%	-25.00%	108.33%	-183.33%	250.00%	-130.00%

Patel Integrated Logistics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-6%
5 Years:	-8%
3 Years:	11%
TTM:	30%

Compounded Profit Growth
10 Years:	9%
5 Years:	-3%
3 Years:	380%
TTM:	37%

Stock Price CAGR
10 Years:	-10%
5 Years:	20%
3 Years:	16%
1 Year:	12%

Return on Equity
10 Years:	5%
5 Years:	3%
3 Years:	4%
Last Year:	5%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:00 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	15	15	16	16	17	17	17	26	36	65	65	65
Reserves	74	75	75	91	99	111	112	102	91	81	53	55	56
Borrowings	51	45	48	61	62	68	76	61	62	48	31	24	14
Other Liabilities	57	56	48	34	22	32	23	26	12	14	23	49	40
Total Liabilities	197	192	187	202	199	228	227	205	190	179	172	192	175
Fixed Assets	51	48	42	40	52	58	60	51	53	57	55	48	48
CWIP	0	0	0	0	2	4	2	2	1	0	0	0	0
Investments	2	2	2	2	12	16	14	11	9	6	5	5	4
Other Assets	144	141	142	160	133	150	151	142	127	116	112	139	122
Total Assets	197	192	187	202	199	228	227	205	190	179	172	192	175

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	11	16	9	-0	15	6	-3	-16	5	9	-4	12
Cash from Investing Activity +	-5	-5	-1	-1	-18	-11	1	40	4	-1	5	9
Cash from Financing Activity +	-4	-15	-8	14	-3	4	-7	-18	3	-4	23	-10
Net Cash Flow	2	-4	0	13	-6	-2	-9	7	12	4	24	11

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-34.00	-29.00	-28.00	-39.00	-44.00	-51.00	-61.00	-53.00	-57.00	-40.00	-21.00	-15.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	58	58	56	67	70	89	81	93	124	100	97	114
Inventory Days
Days Payable
Cash Conversion Cycle	58	58	56	67	70	89	81	93	124	100	97	114
Working Capital Days	42	45	46	62	68	77	85	104	147	125	84	75
ROCE %	10%	9%	12%	13%	11%	10%	8%	6%	4%	4%	6%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024
Promoters	41.08%	41.08%	39.86%	39.54%	39.49%	39.17%	37.31%	36.85%	36.85%	36.42%	35.52%	37.56%
FIIs	0.00%	0.00%	0.25%	0.00%	0.00%	0.01%	0.08%	0.03%	0.02%	0.17%	0.00%	0.43%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%	0.00%	0.00%
Public	58.92%	58.92%	59.88%	60.47%	60.51%	60.83%	62.61%	62.50%	63.13%	63.40%	64.47%	62.01%
No. of Shareholders	27,018	27,402	28,881	29,628	29,402	26,878	27,891	31,656	34,568	34,328	38,623	37,799

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 18	Mar 17
FaceValue	10.00	10.00
Basic EPS (Rs.)	4.99	4.95
Diluted EPS (Rs.)	4.99	4.67
Cash EPS (Rs.)	7.81	7.60
Book Value[Excl.RevalReserv]/Share (Rs.)	77.02	72.55
Book Value[Incl.RevalReserv]/Share (Rs.)	77.02	72.55
Revenue From Operations / Share (Rs.)	256.22	285.74
PBDIT / Share (Rs.)	13.67	14.37
PBIT / Share (Rs.)	10.79	11.71
PBT / Share (Rs.)	6.44	6.57
Net Profit / Share (Rs.)	4.93	4.95
NP After MI And SOA / Share (Rs.)	4.93	4.95
PBDIT Margin (%)	5.33	5.02
PBIT Margin (%)	4.21	4.09
PBT Margin (%)	2.51	2.29
Net Profit Margin (%)	1.92	1.73
NP After MI And SOA Margin (%)	1.92	1.73
Return on Networth / Equity (%)	6.40	6.81
Return on Capital Employeed (%)	11.61	13.43
Return On Assets (%)	3.57	3.94
Long Term Debt / Equity (X)	0.16	0.15
Total Debt / Equity (X)	0.46	0.48
Asset Turnover Ratio (%)	1.98	0.00
Current Ratio (X)	2.00	2.16
Quick Ratio (X)	2.00	2.16
Dividend Payout Ratio (NP) (%)	0.00	10.10
Dividend Payout Ratio (CP) (%)	0.00	6.57
Earning Retention Ratio (%)	0.00	89.90
Cash Earning Retention Ratio (%)	0.00	93.43
Interest Coverage Ratio (X)	3.14	2.79
Interest Coverage Ratio (Post Tax) (X)	2.13	1.96
Enterprise Value (Cr.)	133.75	175.99
EV / Net Operating Revenue (X)	0.31	0.38
EV / EBITDA (X)	5.92	7.71
MarketCap / Net Operating Revenue (X)	0.21	0.30
Retention Ratios (%)	0.00	89.89
Price / BV (X)	0.71	1.20
Price / Net Operating Revenue (X)	0.21	0.30
EarningsYield	0.08	0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Patel Integrated Logistics Ltd as of December 24, 2024 is: 18.67

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 December 24, 2024, Patel Integrated Logistics Ltd is Overvalued by 15.52% compared to the current share price 22.10

Intrinsic Value of Patel Integrated Logistics Ltd as of December 24, 2024 is: 45.50

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 December 24, 2024, Patel Integrated Logistics Ltd is Undervalued by 105.88% compared to the current share price 22.10

Last 5 Year EPS CAGR: 143.72%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (82.69 cr) compared to borrowings (50.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (401.62 cr) and profit (6.62 cr) over the years.	The stock has a low average ROCE of 8.25%, which may not be favorable. The stock has a high average Working Capital Days of 80.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 83.92, 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 Patel Integrated Logistics Ltd:
1. Net Profit Margin: 1.92%
  - 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: 11.61% (Industry Average ROCE: 9.54%)
  - 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%: 6.4% (Industry Average ROE: 13.9%)
  - 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): 2.13
  - 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: 2
  - 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: 23 (Industry average Stock P/E: 95.18)
  - 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: 0.46
  - 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

Patel Integrated Logistics Ltd. is a Public Limited Listed company incorporated on 22/06/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L71110MH1962PLC012396 and registration number is 012396. Currently Company is involved in the business activities of Cargo handling incidental to air transport. Company’s Total Operating Revenue is Rs. 234.01 Cr. and Equity Capital is Rs. 36.04 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Logistics - Warehousing/Supply Chain/Others	'Patel House', 5th Floor, Mumbai Maharashtra 400054	pill_investorservices@patel-india.com http://www.patel-india.com

Management
Name	Position Held
Mr. Asgar S Patel	Chairman Emeritus
Mr. Hari Nair	Non Exe.Non Ind.Director
Ms. Jasmin Lalla	Executive Director
Ms. Bindiya Raichura	Independent Director
Mr. Mahesh Fogla	Executive Director
Mr. Farukh S Wadia	Independent Director
Mr. Ramakant K Kadam	Independent Director

FAQ

What is the latest intrinsic value of Patel Integrated Logistics Ltd?

The latest intrinsic value of Patel Integrated Logistics Ltd as on 24 December 2024 is ₹18.67, which is 15.52% lower than the current market price of ₹22.10. The stock has a market capitalization of 154 Cr. and recorded a high/low of 29.0/17.8 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹56 Cr and total liabilities of ₹175 Cr.

What is the Market Cap of Patel Integrated Logistics Ltd?

The Market Cap of Patel Integrated Logistics Ltd is 154 Cr..

What is the current Stock Price of Patel Integrated Logistics Ltd as on 24 December 2024?

The current stock price of Patel Integrated Logistics Ltd as on 24 December 2024 is 22.1.

What is the High / Low of Patel Integrated Logistics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Patel Integrated Logistics Ltd stocks is 29.0/17.8.

What is the Stock P/E of Patel Integrated Logistics Ltd?

The Stock P/E of Patel Integrated Logistics Ltd is 23.0.

What is the Book Value of Patel Integrated Logistics Ltd?

The Book Value of Patel Integrated Logistics Ltd is 17.3.

What is the Dividend Yield of Patel Integrated Logistics Ltd?

The Dividend Yield of Patel Integrated Logistics Ltd is 0.45 %.

What is the ROCE of Patel Integrated Logistics Ltd?

The ROCE of Patel Integrated Logistics Ltd is 5.66 %.

What is the ROE of Patel Integrated Logistics Ltd?

The ROE of Patel Integrated Logistics Ltd is 4.67 %.

What is the Face Value of Patel Integrated Logistics Ltd?

The Face Value of Patel Integrated Logistics Ltd is 10.0.