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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Photoquip India Ltd

About the Company - Photoquip India Ltd

Photoquip (India) Ltd. is a Public Limited Listed company incorporated on 24/07/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74940MH1992PLC067864 and registration number is 067864. Currently company belongs to the Industry of Photographic & Allied Products. Company’s Total Operating Revenue is Rs. 12.41 Cr. and Equity Capital is Rs. 4.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Photographic & Allied Products10/116, Salt Pan Division, LLYODS Compound, Mumbai Maharashtra 400037info@photoquip.com
http://www.photoquip.com
Management
NamePosition Held
Mr. Dhaval J SoniChairman & Managing Director
Mr. Pulin D SoniDirector & CFO
Mr. Bharat K ThakkarInd. Non-Executive Director
Mr. Atul MaheshwariInd. Non-Executive Director
Mrs. Parvin J DumasiaInd. Non-Executive Director

Photoquip (India) Ltd. Share Price Update

Share PriceValue
Today₹26.50
Previous Day₹25.51

Basic Stock Data of Photoquip India Ltd

Market Cap 16.0 Cr.
Current Price 26.6
High / Low36.2/14.8
Stock P/E
Book Value 13.3
Dividend Yield0.00 %
ROCE10.7 %
ROE43.0 %
Face Value 10.0

Data Source: screener.in

Competitors of Photoquip India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Universus Photo Imagings Ltd 440 Cr. 402488/330 8840.00 %6.85 %7.32 % 10.0
Choksi Imaging Ltd 26.6 Cr. 68.392.0/37.1 38.50.00 %2.79 %3.05 % 10.0
Industry Average233.30 Cr235.150.00461.250.00%4.82%5.19%10.00

Photoquip India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3.572.931.693.463.803.462.442.892.893.393.432.834.09
Expenses3.915.391.513.003.145.122.883.373.383.743.883.384.64
Operating Profit-0.34-2.460.180.460.66-1.66-0.44-0.48-0.49-0.35-0.45-0.55-0.55
OPM %-9.52%-83.96%10.65%13.29%17.37%-47.98%-18.03%-16.61%-16.96%-10.32%-13.12%-19.43%-13.45%
Other Income1.721.140.010.030.040.160.050.060.020.180.060.050.13
Interest0.330.360.340.320.280.320.280.290.300.240.250.240.23
Depreciation0.190.180.170.170.170.170.170.170.170.170.150.150.15
Profit before tax0.86-1.86-0.320.000.25-1.99-0.84-0.88-0.94-0.58-0.79-0.89-0.80
Tax %16.28%-35.48%56.25%-4.00%-21.61%-25.00%-25.00%-22.34%-39.66%-16.46%-13.48%-15.00%
Net Profit0.72-2.52-0.15-0.020.25-2.42-1.04-1.10-1.15-0.81-0.91-1.01-0.92
EPS in Rs1.50-5.25-0.31-0.040.52-5.04-2.17-2.29-2.40-1.69-1.90-1.68-1.53

Photoquip India Ltd Quarterly Chart

Photoquip India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales82.3077.6091.43101.1460.3447.6642.8337.9627.399.4912.4111.5613.74
Expenses74.6576.5391.23103.6063.7948.0041.9036.7228.0612.3612.7813.3315.64
Operating Profit7.651.070.20-2.46-3.45-0.340.931.24-0.67-2.87-0.37-1.77-1.90
OPM %9.30%1.38%0.22%-2.43%-5.72%-0.71%2.17%3.27%-2.45%-30.24%-2.98%-15.31%-13.83%
Other Income0.830.580.431.922.640.360.560.330.923.710.250.320.42
Interest0.901.022.182.011.941.881.821.441.551.441.271.110.96
Depreciation0.490.941.691.871.910.700.730.720.940.810.690.680.62
Profit before tax7.09-0.31-3.24-4.42-4.66-2.56-1.06-0.59-2.24-1.41-2.08-3.24-3.06
Tax %38.36%9.68%16.36%33.03%24.46%31.64%38.68%-127.12%-20.98%-55.32%-12.50%-26.85%
Net Profit4.38-0.28-2.70-2.96-3.52-1.74-0.64-1.34-2.71-2.19-2.34-4.10-3.65
EPS in Rs9.12-0.58-5.62-6.17-7.33-3.62-1.33-2.79-5.64-4.56-4.87-8.54-6.80
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Photoquip India Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-106.39%-864.29%-9.63%-18.92%50.57%63.22%-109.38%-102.24%19.19%-6.85%-75.21%
Change in YoY Net Profit Growth (%)0.00%-757.89%854.66%-9.29%69.49%12.65%-172.59%7.14%121.43%-26.04%-68.36%

Photoquip India Ltd Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-23%
3 Years:-25%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-21%
TTM:36%
Stock Price CAGR
10 Years:-3%
5 Years:0%
3 Years:47%
1 Year:47%
Return on Equity
10 Years:-14%
5 Years:-19%
3 Years:-26%
Last Year:-43%

Photoquip India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4.804.804.804.804.804.804.804.804.804.804.804.806.00
Reserves27.5927.3124.6121.5718.0516.0215.3714.0311.339.146.792.691.99
Borrowings8.0816.3511.0612.9513.3911.4410.259.9411.2311.4310.0010.6210.22
Other Liabilities13.3011.5612.5514.1711.3413.8111.7911.5511.191.971.260.810.83
Total Liabilities53.7760.0253.0253.4947.5846.0742.2140.3238.5527.3422.8518.9219.04
Fixed Assets9.369.7813.1014.2311.6511.0111.2811.1512.4510.6410.009.349.05
CWIP0.260.000.030.270.000.000.000.000.000.000.000.000.00
Investments0.030.030.030.030.030.060.060.060.070.050.090.090.09
Other Assets44.1250.2139.8638.9635.9035.0030.8729.1126.0316.6512.769.499.90
Total Assets53.7760.0253.0253.4947.5846.0742.2140.3238.5527.3422.8518.9219.04

Photoquip India Ltd Reserves and Borrowings Chart

Photoquip India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3.400.0810.37-0.10-2.983.062.362.651.84-1.051.880.67
Cash from Investing Activity -2.07-0.77-4.22-0.863.980.03-0.80-0.46-0.671.490.780.28
Cash from Financing Activity 4.853.89-7.46-0.12-1.51-3.61-1.48-1.84-1.31-0.67-2.69-0.50
Net Cash Flow-0.623.20-1.31-1.09-0.51-0.520.080.36-0.14-0.24-0.030.45

Photoquip India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11.3113.8816.819.7129.947.129.124.5210.7925.7721.7612.00
Inventory Days81.0755.4738.7043.9752.1687.2399.99117.03171.44221.55193.04156.16
Days Payable64.9156.9155.7355.7072.78112.42106.35118.85172.5256.3337.7226.71
Cash Conversion Cycle27.4712.44-0.22-2.029.32-18.072.762.709.71191.00177.08141.45
Working Capital Days72.2572.5333.8115.7328.793.14-1.70-4.420.80220.77146.76122.82
ROCE %23.25%1.64%-2.20%-9.90%-8.60%-1.99%2.68%2.87%-2.46%-4.67%-3.45%-10.73%

Photoquip India Ltd Financial Efficiency Indicators Chart

Photoquip India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.07%59.07%59.07%59.07%59.07%59.07%59.06%59.06%59.06%58.87%47.01%47.06%
DIIs0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.05%0.05%
Public40.87%40.87%40.87%40.87%40.87%40.87%40.87%40.87%40.86%41.06%52.92%52.88%
No. of Shareholders3,7483,7533,7823,8153,8403,8494,1674,2354,1874,1574,1274,140

Photoquip India Ltd Shareholding Pattern Chart

No. of Photoquip India Ltd Shareholders

This stock is not held by any mutual fund

Photoquip India Ltd ROCE Trend

Photoquip India Ltd EPS Trend

Photoquip India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-8.55-4.88-4.57-5.65-2.80
Diluted EPS (Rs.)-8.55-4.88-4.57-5.65-2.80
Cash EPS (Rs.)-7.14-3.44-2.87-3.68-1.29
Book Value[Excl.RevalReserv]/Share (Rs.)15.6024.1529.0333.6039.21
Book Value[Incl.RevalReserv]/Share (Rs.)15.6024.1529.0333.6039.21
Revenue From Operations / Share (Rs.)24.1825.8623.6457.0679.07
PBDIT / Share (Rs.)-3.02-0.25-0.870.523.27
PBIT / Share (Rs.)-4.43-1.70-2.57-1.441.76
PBT / Share (Rs.)-6.74-4.34-2.95-4.66-1.24
Net Profit / Share (Rs.)-8.55-4.88-4.57-5.65-2.80
PBDIT Margin (%)-12.49-0.98-3.700.914.13
PBIT Margin (%)-18.31-6.57-10.86-2.522.22
PBT Margin (%)-27.88-16.79-12.46-8.17-1.56
Net Profit Margin (%)-35.34-18.87-19.31-9.89-3.53
Return on Networth / Equity (%)-54.78-20.21-15.72-16.80-7.13
Return on Capital Employeed (%)-17.21-4.96-6.29-3.113.44
Return On Assets (%)-21.68-10.25-8.01-7.03-3.33
Long Term Debt / Equity (X)0.640.400.360.310.24
Total Debt / Equity (X)1.420.850.780.670.50
Asset Turnover Ratio (%)0.550.490.340.690.91
Current Ratio (X)0.831.011.090.720.68
Quick Ratio (X)0.190.190.320.140.11
Inventory Turnover Ratio (X)0.040.000.371.211.91
Interest Coverage Ratio (X)-1.31-0.09-0.290.161.09
Interest Coverage Ratio (Post Tax) (X)-2.69-0.84-1.39-0.750.06
Enterprise Value (Cr.)17.9317.1213.1414.1520.48
EV / Net Operating Revenue (X)1.541.381.160.510.53
EV / EBITDA (X)-12.36-140.58-31.2856.2013.04
MarketCap / Net Operating Revenue (X)0.700.600.300.160.30
Price / BV (X)1.090.650.240.280.60
Price / Net Operating Revenue (X)0.700.600.300.160.30
EarningsYield-0.50-0.30-0.64-0.58-0.11

Photoquip India Ltd Profitability Ratios (%)

Photoquip India Ltd Liquidity Ratios

Photoquip India Ltd Liquidity Ratios (%)

Photoquip India Ltd Interest Coverage Ratios (X)

Photoquip India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Photoquip India Ltd

Fair Value: ₹87.50

The stock is undervalued by 228.95% compared to the current price ₹26.6

*Investments are subject to market risks

Strength and Weakness of Photoquip India Ltd

StrengthWeakness
  1. The company has higher reserves (15.11 cr) compared to borrowings (11.30 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -1.68 and average Dividend Yield of -13.37%.
  2. The stock has a low average ROCE of -1.13%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 59.27, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 46.14, which may not be favorable.
  5. The company has not shown consistent growth in sales (47.37) and profit (-1.68).

Should I Buy Photoquip India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Photoquip India Ltd:
    1. Net Profit Margin: -35.34%
      • 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: -17.21% (Industry Average ROCE: 4.82%)
      • 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): -2.69
      • 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: 0.19
      • 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 of N/A (Industry average Stock P/E: 0)
      • 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: 1.42
      • 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 Photoquip India 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