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

Fundamental Analysis of PG Electroplast Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:28 pm

Market Cap 8,372 Cr.
Current Price 3,208
High / Low3,290/1,436
Stock P/E62.1
Book Value 399
Dividend Yield0.00 %
ROCE18.7 %
ROE18.8 %
Face Value 10.0
PEG Ratio0.50

Competitors of PG Electroplast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nitiraj Engineers Ltd 247 Cr. 241256/77.2 65.90.00 %0.38 %0.35 % 10.0
Cosmo Ferrites Ltd 217 Cr. 180314/141 25.20.00 %5.12 %5.18 % 10.0
MIC Electronics Ltd 1,175 Cr. 53.059.8/22.8242 3.290.00 %1.41 %0.41 % 2.00
BCC Fuba India Ltd 98.0 Cr. 64.081.5/29.526.0 12.70.00 %15.9 %21.4 % 10.0
Industry Average434.25 Cr134.5067.0026.770.00%5.70%6.84%8.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales184330137198262514537336459828678460532
Expenses169305128186245464500309422752612423490
Operating Profit1524913175036273776663842
OPM %8%7%7%6%6%10%7%8%8%9%10%8%8%
Other Income1-011131111135
Interest554459991218141210
Depreciation55556788910111111
Profit before tax7141473721111749421826
Tax %7%28%34%18%19%25%20%33%21%18%20%30%26%
Net Profit610146281671440341219
EPS in Rs3.325.300.291.752.6113.027.733.366.0417.6614.874.757.37

Last Updated: June 11, 2024, 3:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:53 am

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024
Sales4242223037031,1122,1602,746
Expenses3962192986531,0231,9832,485
Operating Profit28355089177262
OPM %7%1%2%7%8%8%10%
Other Income34725413
Interest6111118234852
Depreciation25918223547
Profit before tax23-9-9154998176
Tax %23%-0%43%23%24%21%22%
Net Profit18-9-5123777135
EPS in Rs-5.25-3.055.9017.4034.0851.83
Dividend Payout %0%0%0%0%0%0%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132021-20222022-20232023-2024
YoY Net Profit Growth (%)-150.00%44.44%208.33%108.11%75.32%
Change in YoY Net Profit Growth (%)0.00%194.44%163.89%-100.23%-32.78%

Nitiraj Engineers 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:32%
5 Years:100%
3 Years:91%
1 Year:56%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:22%

Last Updated: May 2, 2024, 9:17 am

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

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

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-40.00-75.00-75.00-135.00-310.00-400.00262.00

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

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters69.83%65.83%65.71%65.71%65.71%65.24%61.33%61.33%61.20%53.59%53.59%53.70%
FIIs1.05%0.95%1.03%0.99%0.98%2.68%2.32%1.97%3.13%8.96%10.77%11.02%
DIIs0.16%0.00%0.00%0.00%0.00%1.56%6.47%7.17%7.13%12.63%12.36%10.94%
Public28.96%33.22%33.26%33.30%33.31%30.27%29.86%29.53%28.32%24.62%23.27%24.33%
Others0.00%0.00%0.00%0.00%0.00%0.25%0.01%0.01%0.21%0.19%0.01%0.00%
No. of Shareholders8,2318,44610,88911,27313,00212,28012,91812,84813,93618,25117,83720,678

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund555,5560.32132.4712,9622024-06-174186.04%
Nippon India Value Fund277,7771.0766.2312,9622024-06-172043.01%
Tata India Consumer Fund102,5651.3924.4612,9622024-06-17691.27%
ITI Small Cap Fund82,5791.0719.6912,9622024-06-17537.09%
Tata Retirement Savings Fund - Moderate Plan - Regular Plan64,1020.8315.2812,9622024-06-17394.54%
Tata Retirement Savings Fund - Progressive Plan - Regular Plan64,1020.9415.2812,9622024-06-17394.54%
Tata Business Cycle Fund57,6920.9413.7612,9622024-06-17345.09%
Bank of India Small Cap Fund32,0510.937.6412,9622024-06-17147.27%
ITI Balanced Advantage Fund22,0101.645.2512,9622024-06-1769.8%
Motilal Oswal Nifty Microcap 250 Index Fund12,9620.543.0912,9622024-06-170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 13
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)52.6435.7818.085.95-3.04
Diluted EPS (Rs.)51.8333.7717.035.95-3.04
Cash EPS (Rs.)70.5549.4328.0515.042.58
Book Value[Excl.RevalReserv]/Share (Rs.)398.86174.09147.1497.7386.82
Book Value[Incl.RevalReserv]/Share (Rs.)398.86174.09147.1497.7386.82
Revenue From Operations / Share (Rs.)1055.28949.74517.18357.07184.38
PBDIT / Share (Rs.)105.5979.3343.6926.607.19
PBIT / Share (Rs.)87.6863.9733.2717.451.56
PBT / Share (Rs.)67.8042.8923.117.67-5.21
Net Profit / Share (Rs.)52.6434.0617.635.90-3.04
NP After MI And SOA / Share (Rs.)51.8334.0617.635.90-3.04
PBDIT Margin (%)10.008.358.447.443.89
PBIT Margin (%)8.306.736.434.880.84
PBT Margin (%)6.424.514.462.14-2.82
Net Profit Margin (%)4.983.583.401.65-1.65
NP After MI And SOA Margin (%)4.913.583.401.65-1.65
Return on Networth / Equity (%)12.9919.5611.986.03-3.50
Return on Capital Employeed (%)16.9720.9413.5711.701.49
Return On Assets (%)5.845.133.502.00-1.73
Long Term Debt / Equity (X)0.180.560.550.460.19
Total Debt / Equity (X)0.341.371.230.800.56
Asset Turnover Ratio (%)1.441.681.460.001.05
Current Ratio (X)1.461.121.110.991.06
Quick Ratio (X)0.890.680.580.660.82
Inventory Turnover Ratio (X)4.845.024.860.009.86
Interest Coverage Ratio (X)5.313.764.122.841.06
Interest Coverage Ratio (Post Tax) (X)3.652.622.621.670.57
Enterprise Value (Cr.)4492.383527.891900.24938.98211.92
EV / Net Operating Revenue (X)1.641.631.731.340.70
EV / EBITDA (X)16.3519.5520.4917.9317.96
MarketCap / Net Operating Revenue (X)1.571.401.421.140.45
Price / BV (X)4.167.644.984.150.95
Price / Net Operating Revenue (X)1.571.401.421.140.45
EarningsYield0.030.020.020.01-0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 4,751.41

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: 48.11% compared to the current price 3208

Intrinsic Value: 10,623.65

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: 231.16% compared to the current price ₹3208

Last 5 Year EPS CAGR: 123.59%

*Investments are subject to market risks

Strength and Weakness

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 (49.00 cr) over the years.
  1. The stock has a low average ROCE of 5.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 41.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 36.33, 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 PG Electroplast Ltd:
    1. Net Profit Margin: 4.98%
      • 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: 16.97% (Industry Average ROCE: 6.4%)
      • 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%: 12.99% (Industry Average ROE: 6.19%)
      • 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): 3.65
      • 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: 0.89
      • 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: 62.1 (Industry average Stock P/E: 73.9)
      • 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: 0.34
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
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FAQ

What is the latest fair value of PG Electroplast Ltd?

The latest fair value of PG Electroplast Ltd is ₹4751.41.

What is the Market Cap of PG Electroplast Ltd?

The Market Cap of PG Electroplast Ltd is 8,372 Cr..

What is the current Stock Price of PG Electroplast Ltd as on 19 June 2024?

The current stock price of PG Electroplast Ltd as on 19 June 2024 is ₹3,208.

What is the High / Low of PG Electroplast Ltd stocks in FY 2024?

In FY 2024, the High / Low of PG Electroplast Ltd stocks is 3,290/1,436.

What is the Stock P/E of PG Electroplast Ltd?

The Stock P/E of PG Electroplast Ltd is 62.1.

What is the Book Value of PG Electroplast Ltd?

The Book Value of PG Electroplast Ltd is 399.

What is the Dividend Yield of PG Electroplast Ltd?

The Dividend Yield of PG Electroplast Ltd is 0.00 %.

What is the ROCE of PG Electroplast Ltd?

The ROCE of PG Electroplast Ltd is 18.7 %.

What is the ROE of PG Electroplast Ltd?

The ROE of PG Electroplast Ltd is 18.8 %.

What is the Face Value of PG Electroplast Ltd?

The Face Value of PG Electroplast 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 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