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

Fundamental Analysis of Pilani Investment & Industries Corporation Ltd

About the Company - Pilani Investment & Industries Corporation Ltd

Pilani Investment and Industries Corporation Ltd. is a Public Limited Listed company incorporated on 01/01/1901 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24131WB1948PLC095302 and registration number is 095302. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 260.22 Cr. and Equity Capital is Rs. 11.07 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsBirla Building, Kolkata West Bengal 700001pilani@pilaniinvestment.com
http://www.pilaniinvestment.com
Management
NamePosition Held
Mrs. Rajashree BirlaNon Executive Chairperson
Mr. A V JalanNon Executive Director
Mr. A K KothariIndependent Director
Ms. Vanita BhargavaIndependent Director
Mr. D K MantriNon Executive Director
Mr. Yazdi P DandiwalaIndependent Director
Mr. Giriraj MaheswariIndependent Director

Pilani Investment and Industries Corporation Ltd. Share Price Update

Share PriceValue
Today₹3,342.00
Previous Day₹3,197.40

Basic Stock Data of Pilani Investment & Industries Corporation Ltd

Market Cap 3,466 Cr.
Current Price 3,130
High / Low3,397/1,602
Stock P/E16.5
Book Value 11,411
Dividend Yield0.49 %
ROCE2.26 %
ROE2.21 %
Face Value 10.0

Data Source: screener.in

Competitors of Pilani Investment & Industries Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aditya Birla Capital Ltd 48,710 Cr. 187199/13918.0 95.30.00 %11.4 %26.8 % 10.0
Abhishek Finlease Ltd 14.0 Cr. 32.843.7/20.493.1 10.10.00 %3.33 %2.17 % 10.0
Adcon Capital Services Ltd 23.7 Cr. 1.272.96/1.2798.8 0.960.00 %3.93 %3.99 % 1.00
Aar Shyam (India) Investment Company Ltd 2.82 Cr. 9.419.41/5.41 13.70.00 %6.92 %7.25 % 10.0
Nahar Capital & Financial Services Ltd 508 Cr. 303359/24027.4 9250.49 %6.05 %6.91 % 5.00
Industry Average9,851.70 Cr106.7047.46209.010.10%6.33%9.42%7.20

Pilani Investment & Industries Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6249505598525360112525455107
Expenses3122114211322
Operating Profit5948485397514958111515153104
OPM %96%97%97%97%99%98%93%97%99%97%95%96%98%
Other Income0010000000100
Interest13151616151314171913161617
Depreciation0000000000000
Profit before tax46323337823735419238373687
Tax %22%24%25%25%21%25%26%26%29%13%26%25%26%
Net Profit31352235793354458936752554
EPS in Rs27.7531.8320.2031.6271.4629.6949.1441.0780.6832.5667.8122.8548.95

Pilani Investment & Industries Corporation Ltd Quarterly Chart

Pilani Investment & Industries Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales29178453228353025126199258279268
Expenses42366443117778
Operating Profit25175432622312622115191250272260
OPM %87%99%94%80%78%90%87%87%91%96%97%98%97%
Other Income003000-2001011
Interest0000000194352596562
Depreciation0000011000000
Profit before tax251754526223023372140191208198
Tax %4%20%8%7%6%9%12%-294%25%24%24%25%
Net Profit32128-61-351043202,01717597201246191
EPS in Rs28.93114.93-55.12-31.528.7938.50120.691,817.32157.6187.30181.91222.11172.17
Dividend Payout %62%16%-32%-57%203%46%15%1%11%17%8%7%

Pilani Investment & Industries Corporation Ltd Profit & Loss Yearly Chart

Pilani Investment & Industries Corporation Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:56%
3 Years:30%
TTM:0%
Compounded Profit Growth
10 Years:7%
5 Years:62%
3 Years:12%
TTM:-7%
Stock Price CAGR
10 Years:%
5 Years:17%
3 Years:20%
1 Year:81%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:2%
Last Year:2%

Pilani Investment & Industries Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital88888888811111111
Reserves1,2371,3391,2521,1901,1721,2115,8755,1005,1039,83811,09111,15812,623
Borrowings22222202454208101,066736776
Other Liabilities242526272931422115391542511673
Total Liabilities1,2721,3741,2881,2261,2111,2245,8975,3755,64611,05012,71112,41614,083
Fixed Assets3333335554444
CWIP0000000000000
Investments1,2531,2631,2131,1461,1911,2125,8865,3634,1869,00110,37610,27411,817
Other Assets161087278179671,4552,0452,3312,1382,262
Total Assets1,2721,3741,2881,2261,2111,2245,8975,3755,64611,05012,71112,41614,083

Pilani Investment & Industries Corporation Ltd Reserves and Borrowings Chart

Pilani Investment & Industries Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2323282626161917-1,388-442-100417
Cash from Investing Activity -0-01-5-683-2141,283121-76-8
Cash from Financing Activity -23-23-23-23-24-24-21198108318181-412
Net Cash Flow0-06-2-3-0-004-34-3

Pilani Investment & Industries Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days413663382101
Inventory Days
Days Payable
Cash Conversion Cycle413663382101
Working Capital Days-176159279424-351-20-48-29436-18-15-15
ROCE %2%14%3%2%2%3%1%0%2%2%2%2%

Pilani Investment & Industries Corporation Ltd Financial Efficiency Indicators Chart

Pilani Investment & Industries Corporation Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%57.55%
FIIs0.36%0.36%0.36%0.36%0.36%0.38%0.50%0.54%0.54%0.53%0.53%0.53%
DIIs1.23%1.23%0.25%0.25%0.25%0.25%0.24%0.25%0.25%0.25%0.25%0.26%
Public40.86%40.87%41.84%41.84%41.84%41.82%41.71%41.66%41.66%41.67%41.67%41.65%
No. of Shareholders7,5978,72112,38312,03013,22313,70913,35213,37312,83612,58812,16713,626

Pilani Investment & Industries Corporation Ltd Shareholding Pattern Chart

No. of Pilani Investment & Industries Corporation Ltd Shareholders

This stock is not held by any mutual fund

Pilani Investment & Industries Corporation Ltd ROCE Trend

Pilani Investment & Industries Corporation Ltd EPS Trend

Pilani Investment & Industries Corporation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)222.11181.9287.30221.202550.63
Diluted EPS (Rs.)222.11181.9287.30221.202550.63
Cash EPS (Rs.)141.07132.4496.8068.8113.14
Book Value[Excl.RevalReserv]/Share (Rs.)10087.7610027.078895.196462.356458.60
Book Value[Incl.RevalReserv]/Share (Rs.)10087.7610027.078895.196462.356458.60
Revenue From Operations / Share (Rs.)251.66232.60179.45159.0631.83
PBDIT / Share (Rs.)246.43226.42173.63145.5227.67
PBIT / Share (Rs.)246.18226.10173.22145.0227.08
PBT / Share (Rs.)187.47172.87126.1790.563.18
Net Profit / Share (Rs.)140.82132.1296.4068.3112.55
NP After MI And SOA / Share (Rs.)222.11181.9287.30221.202550.61
PBDIT Margin (%)97.9197.3496.7591.4886.93
PBIT Margin (%)97.8197.2096.5391.1785.08
PBT Margin (%)74.4974.3270.3056.9310.00
Net Profit Margin (%)55.9556.8053.7142.9439.43
NP After MI And SOA Margin (%)88.2578.2048.64139.078013.74
Return on Networth / Equity (%)2.201.810.983.4239.49
Return on Capital Employeed (%)2.252.031.802.200.41
Return On Assets (%)1.981.580.873.0937.53
Long Term Debt / Equity (X)0.030.060.040.000.00
Total Debt / Equity (X)0.060.090.080.080.04
Asset Turnover Ratio (%)0.020.020.020.020.01
Current Ratio (X)37.2731.6427.4912.8521.31
Quick Ratio (X)37.2731.6427.4912.8521.31
Dividend Payout Ratio (NP) (%)6.758.2420.4511.300.98
Dividend Payout Ratio (CP) (%)6.748.2320.3611.270.97
Earning Retention Ratio (%)93.2591.7679.5588.7099.02
Cash Earning Retention Ratio (%)93.2691.7779.6488.7399.03
Interest Coverage Ratio (X)4.204.253.692.671.16
Interest Coverage Ratio (Post Tax) (X)3.403.483.052.251.53
Enterprise Value (Cr.)2524.422939.862541.881304.071957.92
EV / Net Operating Revenue (X)9.0611.4112.7910.3777.78
EV / EBITDA (X)9.2511.7313.2211.3389.47
MarketCap / Net Operating Revenue (X)6.457.308.847.0668.10
Retention Ratios (%)93.2491.7579.5488.6999.01
Price / BV (X)0.160.160.170.170.33
Price / Net Operating Revenue (X)6.457.308.847.0668.10
EarningsYield0.130.100.050.191.18

Pilani Investment & Industries Corporation Ltd Profitability Ratios (%)

Pilani Investment & Industries Corporation Ltd Liquidity Ratios

Pilani Investment & Industries Corporation Ltd Liquidity Ratios (%)

Pilani Investment & Industries Corporation Ltd Interest Coverage Ratios (%)

Pilani Investment & Industries Corporation Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pilani Investment & Industries Corporation Ltd

Fair Value: ₹4181.41

The stock is undervalued by 33.59% compared to the current price ₹3130

*Investments are subject to market risks

Strength and Weakness of Pilani Investment & Industries Corporation Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -3.25, which is a positive sign.
  2. The company has higher reserves (5,245.31 cr) compared to borrowings (312.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (117.85 cr) and profit (89.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 163.52 and average Dividend Yield of 93.56%.
  2. The stock has a low average ROCE of 2.92%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 3.17, which may not be favorable.

Should I Buy Pilani Investment & Industries Corporation Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Pilani Investment & Industries Corporation Ltd:
    1. Net Profit Margin: 55.95%
      • 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: 2.25% (Industry Average ROCE: 7.99%)
      • 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): 3.40
      • 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: 37.27
      • 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: 16.5 (Industry average Stock P/E: 35.51)
      • 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: 0.06
      • 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 Pilani Investment & Industries Corporation 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