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Last Updated on: 23 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PG Electroplast Ltd

About the Company - PG Electroplast Ltd

PG Electroplast Ltd. is a Public Limited Listed company incorporated on 17/03/2003 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L32109DL2003PLC119416 and registration number is 119416. Currently Company is involved in the business activities of Manufacture of domestic electric appliances such as refrigerators, washing machines, vacuum cleaners, mixers, grinders etc.. Company’s Total Operating Revenue is Rs. 1021.94 Cr. and Equity Capital is Rs. 21.22 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsDTJ209, 2nd Floor, DLF Tower-B, New Delhi Delhi 110025investors@pgel.in
http://www.pgel.in
Management
NamePosition Held
Mr. Anurag GuptaChairman
Mr. Vishal GuptaManaging Director
Mr. Vikas GuptaManaging Director
Mr. Sharad JainIndependent Director
Mr. Ram Dayal ModiIndependent Director
Ms. Ruchika BansalIndependent Director
Ms. Mitali ChitreNominee Director
Mr. Raman UberoiInd. Non-Executive Director

PG Electroplast Ltd. Share Price Update

Share PriceValue
Today₹1,861.00
Previous Day₹1,840.25

Basic Stock Data of PG Electroplast Ltd

Market Cap 4,861 Cr.
Current Price 1,868
High / Low2,570/1,287
Stock P/E46.1
Book Value 361
Dividend Yield0.00 %
ROCE17.3 %
ROE22.0 %
Face Value 10.0

Data Source: screener.in

Competitors of PG Electroplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MIC Electronics Ltd 1,083 Cr. 48.954.0/11.4223 3.290.00 %1.41 %0.41 % 2.00
Pulz Electronics Ltd 159 Cr. 146205/41.720.4 23.00.00 %52.4 %38.3 % 10.0
Industry Average80 Cr97.45121.713.150%26.91%19.36%6

PG Electroplast Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales184330137198262514537336459828678460
Expenses169305128186245464500309422752612423
Operating Profit15249131750362737766638
OPM %8%7%7%6%6%10%7%8%8%9%10%8%
Other Income1-01113111113
Interest5544599912181412
Depreciation555567889101111
Profit before tax71414737211117494218
Tax %7%28%34%18%19%25%20%33%21%18%20%30%
Net Profit6101462816714403412
EPS in Rs3.325.300.291.752.6113.027.733.366.0417.6614.874.75

PG Electroplast Ltd Quarterly Chart

PG Electroplast Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023TTM
Sales4242223037031,1122,1602,426
Expenses3962192986531,0231,9832,210
Operating Profit28355089177216
OPM %7%1%2%7%8%8%9%
Other Income3472547
Interest6111118234856
Depreciation25918223541
Profit before tax23-9-9154998126
Tax %23%-0%43%23%24%21%
Net Profit18-9-5123777100
EPS in Rs-5.25-3.055.9017.4034.0843.32
Dividend Payout %0%0%0%0%0%0%

PG Electroplast Ltd Profit & Loss Yearly Chart

PG Electroplast Ltd Growth

Compounded Sales Growth
10 Years:22%
5 Years:%
3 Years:%
TTM:35%
Compounded Profit Growth
10 Years:33%
5 Years:%
3 Years:%
TTM:63%
Stock Price CAGR
10 Years:26%
5 Years:91%
3 Years:95%
1 Year:41%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:22%

PG Electroplast Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11161620212326
Reserves35131126171291373912
Borrowings687880185399577313
Other Liabilities466265204359536379
Total Liabilities1602882885801,0691,5091,630
Fixed Assets62122123273441578586
CWIP17212265220
Investments030260122
Other Assets801151173016239271,021
Total Assets1602882885801,0691,5091,630

PG Electroplast Ltd Reserves and Borrowings Chart

PG Electroplast Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 23-2357-7946
Cash from Investing Activity -50-97-44-161-173
Cash from Financing Activity 22126-17256112
Net Cash Flow-56-416-15

PG Electroplast Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023
Debtor Days282943767074
Inventory Days1645396111873
Days Payable33676310111181
Cash Conversion Cycle12718377767
Working Capital Days132134407764
ROCE %1%1%13%17%

PG Electroplast Ltd Financial Efficiency Indicators Chart

PG Electroplast Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters69.88%69.83%69.83%65.83%65.71%65.71%65.71%65.24%61.33%61.33%61.20%53.59%
FIIs0.00%1.06%1.05%0.95%1.03%0.99%0.98%2.68%2.32%1.97%3.13%8.96%
DIIs0.00%0.00%0.16%0.00%0.00%0.00%0.00%1.56%6.47%7.17%7.13%12.63%
Public30.12%29.11%28.96%33.22%33.26%33.30%33.31%30.27%29.86%29.53%28.32%24.62%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.01%0.01%0.21%0.19%
No. of Shareholders5,1857,1348,2318,44610,88911,27313,00212,28012,91812,84813,93618,251

PG Electroplast Ltd Shareholding Pattern Chart

No. of PG Electroplast Ltd Shareholders

PG Electroplast Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund5555560.32132.47
Nippon India Value Fund2777771.0766.23
Tata India Consumer Fund1025651.3924.46
ITI Small Cap Fund825791.0719.69
Tata Retirement Savings Fund - Moderate Plan - Regular Plan641020.8315.28
Tata Retirement Savings Fund - Progressive Plan - Regular Plan641020.9415.28
Tata Business Cycle Fund576920.9413.76
Bank of India Small Cap Fund320510.937.64
ITI Balanced Advantage Fund220101.645.25
Motilal Oswal Nifty Microcap 250 Index Fund129620.543.09

PG Electroplast Ltd ROCE Trend

PG Electroplast Ltd EPS Trend

PG Electroplast Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 13Mar 12
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)35.7818.085.95-3.04-6.33
Diluted EPS (Rs.)33.7717.035.95-3.04-6.33
Cash EPS (Rs.)49.4328.0515.042.58-2.50
Book Value[Excl.RevalReserv]/Share (Rs.)174.09147.1497.7386.8289.82
Book Value[Incl.RevalReserv]/Share (Rs.)174.09147.1497.7386.8289.82
Revenue From Operations / Share (Rs.)949.74517.18357.07184.38135.14
PBDIT / Share (Rs.)79.3343.6926.607.194.07
PBIT / Share (Rs.)63.9733.2717.451.561.32
PBT / Share (Rs.)42.8923.117.67-5.21-5.22
Net Profit / Share (Rs.)34.0617.635.90-3.04-5.25
NP After MI And SOA / Share (Rs.)34.0617.635.90-3.04-5.25
PBDIT Margin (%)8.358.447.443.893.01
PBIT Margin (%)6.736.434.880.840.98
PBT Margin (%)4.514.462.14-2.82-3.86
Net Profit Margin (%)3.583.401.65-1.65-3.88
NP After MI And SOA Margin (%)3.583.401.65-1.65-3.88
Return on Networth / Equity (%)19.5611.986.03-3.50-5.84
Return on Capital Employeed (%)20.9413.5711.701.491.20
Return On Assets (%)5.133.502.00-1.73-2.99
Long Term Debt / Equity (X)0.560.550.460.190.19
Total Debt / Equity (X)1.371.230.800.560.52
Asset Turnover Ratio (%)1.681.460.001.050.99
Current Ratio (X)1.121.110.991.061.05
Quick Ratio (X)0.680.580.660.820.82
Inventory Turnover Ratio (X)5.024.860.009.869.13
Interest Coverage Ratio (X)3.764.122.841.060.62
Interest Coverage Ratio (Post Tax) (X)2.622.621.670.570.20
Enterprise Value (Cr.)3527.891900.24938.98211.92406.96
EV / Net Operating Revenue (X)1.631.731.340.701.83
EV / EBITDA (X)19.5520.4917.9317.9660.90
MarketCap / Net Operating Revenue (X)1.401.421.140.451.54
Price / BV (X)7.644.984.150.952.31
Price / Net Operating Revenue (X)1.401.421.140.451.54
EarningsYield0.020.020.01-0.03-0.02

PG Electroplast Ltd Profitability Ratios (%)

PG Electroplast Ltd Liquidity Ratios

PG Electroplast Ltd Liquidity Ratios (%)

PG Electroplast Ltd Interest Coverage Ratios (%)

PG Electroplast Ltd Valuation Ratios

Fair Value / Intrinsic Value of PG Electroplast Ltd

Fair Value: ₹3734.49

The stock is undervalued by 99.92% compared to the current price ₹1868

*Investments are subject to market risks

Strength and Weakness of PG Electroplast Ltd

StrengthWeakness
  1. The company has higher reserves (291.29 cr) compared to borrowings (242.86 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (236.71 cr) and profit (41.86 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.51 and average Dividend Yield of 3.97%.
  2. The stock has a low average ROCE of 5.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 41.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 36.33, which may not be favorable.

Should I Buy PG Electroplast Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PG Electroplast Ltd:
    1. Net Profit Margin: 3.58%
      • 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: 20.94% (Industry Average ROCE: 26.91%)
      • 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): 2.62
      • 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: 0.68
      • 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: 46.4 (Industry average Stock P/E: 121.7)
      • 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: 1.37
      • 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 PG Electroplast 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