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

Fundamental Analysis of Pioneer Agro Extracts Ltd

About the Company - Pioneer Agro Extracts Ltd

Pioneer Agro Extracts Ltd. is a Public Limited Listed company incorporated on 20/01/1993 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L15319PB1993PLC012975 and registration number is 012975. Currently company belongs to the Industry of Edible Oils & Solvent Extraction. Company’s Total Operating Revenue is Rs. 0.55 Cr. and Equity Capital is Rs. 4.36 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent ExtractionChhoti Nehar, Pathankot Punjab 145025complianceofficer@pioneeragro.co.in
http://www.pioneeragro.co.in
Management
NamePosition Held
Mr. Jagat Mohan AggarwalChairman & Managing Director
Mr. Sanjeev Kumar KohliNon Executive Director
Mr. Rajinder Kumar UppalIndependent Director
Mrs. Neeraj SharmaIndependent Director

Pioneer Agro Extracts Ltd. Share Price Update

Share PriceValue
Today₹9.31
Previous Day₹9.31

Basic Stock Data of Pioneer Agro Extracts Ltd

Market Cap 4.03 Cr.
Current Price 9.31
High / Low9.31/6.60
Stock P/E40.3
Book Value 12.2
Dividend Yield0.00 %
ROCE1.33 %
ROE1.33 %
Face Value 10.0

Data Source: screener.in

Competitors of Pioneer Agro Extracts Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ajanta Soya Ltd 254 Cr. 31.639.8/22.0260 15.50.00 %4.05 %0.46 % 2.00
Shanti Overseas (India) Ltd 25.8 Cr. 23.234.4/13.6 13.00.00 %30.5 %21.3 % 10.0
Agro Tech Foods Ltd 2,365 Cr. 9701,070/742170 2010.30 %4.55 %3.26 % 10.0
Adani Wilmar Ltd 50,402 Cr. 388509/286365 61.30.00 %15.0 %7.41 % 1.00
NK Industries Ltd (NKIND) 37.2 Cr. 61.894.4/31.7 5730.00 %%% 10.0
Industry Average10,616.80 Cr294.92159.00172.760.06%10.82%6.49%6.60

Pioneer Agro Extracts Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales0.000.000.000.000.000.550.000.000.311.390.000.000.00
Expenses0.050.070.090.060.080.600.100.070.371.420.100.190.06
Operating Profit-0.05-0.07-0.09-0.06-0.08-0.05-0.10-0.07-0.06-0.03-0.10-0.19-0.06
OPM %-9.09%-19.35%-2.16%
Other Income0.410.130.080.080.080.080.080.080.100.100.100.200.11
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.010.010.010.010.010.010.010.010.010.000.010.00
Profit before tax0.350.05-0.020.01-0.010.02-0.030.000.030.060.000.000.05
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit0.340.04-0.020.01-0.010.02-0.030.010.040.06-0.010.000.05
EPS in Rs0.780.09-0.050.02-0.020.05-0.070.020.090.14-0.020.000.12

Pioneer Agro Extracts Ltd Quarterly Chart

Pioneer Agro Extracts Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales120.0559.7438.0351.6314.690.000.000.000.000.000.551.681.39
Expenses117.5659.0438.6753.0718.000.320.310.300.220.250.821.951.77
Operating Profit2.490.70-0.64-1.44-3.31-0.32-0.31-0.30-0.22-0.25-0.27-0.27-0.38
OPM %2.07%1.17%-1.68%-2.79%-22.53%-49.09%-16.07%-27.34%
Other Income0.820.340.300.323.190.721.460.610.680.690.310.370.51
Interest1.811.300.670.850.180.000.010.000.000.000.000.000.00
Depreciation0.670.890.760.670.290.010.180.120.080.060.040.030.02
Profit before tax0.83-1.15-1.77-2.64-0.590.390.960.190.380.380.000.070.11
Tax %18.07%8.70%3.95%2.65%15.25%0.00%-3.12%26.32%13.16%0.00%0.00%
Net Profit0.68-1.04-1.69-2.57-0.500.390.990.140.320.380.000.070.10
EPS in Rs1.57-2.40-3.90-5.93-1.150.902.290.320.740.880.000.160.24
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Pioneer Agro Extracts Ltd Profit & Loss Yearly Chart

Pioneer Agro Extracts Ltd Growth

Compounded Sales Growth
10 Years:-30%
5 Years:%
3 Years:%
TTM:62%
Compounded Profit Growth
10 Years:8%
5 Years:18%
3 Years:-40%
TTM:150%
Stock Price CAGR
10 Years:-13%
5 Years:1%
3 Years:5%
1 Year:29%
Return on Equity
10 Years:-14%
5 Years:4%
3 Years:3%
Last Year:1%

Pioneer Agro Extracts Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4.364.364.364.364.364.364.364.364.364.364.364.364.36
Reserves4.603.561.87-0.71-1.22-0.830.170.270.651.070.850.920.92
Borrowings17.714.324.745.120.000.000.000.000.000.000.000.000.00
Other Liabilities3.511.080.801.150.210.180.130.190.190.170.180.140.15
Total Liabilities30.1813.3211.779.923.353.714.664.825.205.605.395.425.43
Fixed Assets5.714.894.393.720.290.380.390.270.180.130.090.060.05
CWIP0.000.020.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.140.000.000.000.000.000.000.000.00
Other Assets24.478.417.386.202.923.334.274.555.025.475.305.365.38
Total Assets30.1813.3211.779.923.353.714.664.825.205.605.395.425.43

Pioneer Agro Extracts Ltd Reserves and Borrowings Chart

Pioneer Agro Extracts Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -6.856.96-0.79-1.112.050.48-0.210.020.500.420.20-0.16
Cash from Investing Activity 3.320.000.020.285.350.081.07-2.520.00-0.480.00-1.29
Cash from Financing Activity 10.83-13.990.510.80-5.230.000.00-0.030.000.00-0.220.00
Net Cash Flow7.30-7.03-0.26-0.032.170.550.86-2.530.50-0.06-0.02-1.46

Pioneer Agro Extracts Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days15.543.977.498.130.000.000.00
Inventory Days32.0345.1962.9233.610.250.000.00
Days Payable2.721.851.872.770.00
Cash Conversion Cycle44.8547.3168.5438.960.250.000.00
Working Capital Days40.6238.4955.9533.096.212,229.821,060.24
ROCE %12.44%0.31%-11.63%-20.97%-46.18%10.49%-6.95%4.15%7.88%7.28%0.00%1.33%

Pioneer Agro Extracts Ltd Financial Efficiency Indicators Chart

Pioneer Agro Extracts Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters60.35%60.35%60.35%60.35%60.35%60.35%60.35%60.35%60.35%60.35%60.35%60.35%
Public39.65%39.65%39.65%39.65%39.65%39.65%39.65%39.64%39.64%39.64%39.64%39.65%
No. of Shareholders965960961962960958960961959956954954

Pioneer Agro Extracts Ltd Shareholding Pattern Chart

No. of Pioneer Agro Extracts Ltd Shareholders

This stock is not held by any mutual fund

Pioneer Agro Extracts Ltd ROCE Trend

Pioneer Agro Extracts Ltd EPS Trend

Pioneer Agro Extracts Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.170.010.880.740.31
Diluted EPS (Rs.)0.170.010.880.740.31
Cash EPS (Rs.)0.220.091.010.920.59
Book Value[Excl.RevalReserv]/Share (Rs.)12.117.047.546.585.71
Book Value[Incl.RevalReserv]/Share (Rs.)12.1111.9512.4611.4910.62
Revenue From Operations / Share (Rs.)3.891.250.000.000.00
PBDIT / Share (Rs.)0.230.101.011.050.70
PBIT / Share (Rs.)0.170.010.870.850.42
PBT / Share (Rs.)0.170.010.870.850.41
Net Profit / Share (Rs.)0.160.010.870.730.31
PBDIT Margin (%)6.048.370.000.000.00
PBIT Margin (%)4.431.090.000.000.00
PBT Margin (%)4.380.600.000.000.00
Net Profit Margin (%)4.230.400.000.000.00
Return on Networth / Equity (%)1.360.0711.6011.135.43
Return on Capital Employeed (%)1.410.116.957.363.93
Return On Assets (%)1.320.046.816.142.80
Asset Turnover Ratio (%)0.310.090.000.000.00
Current Ratio (X)61.0640.1343.0035.1833.46
Quick Ratio (X)61.0640.1343.0035.1833.46
Interest Coverage Ratio (X)114.0016.93365.83380.17204.33
Interest Coverage Ratio (Post Tax) (X)80.781.81319.08267.0891.20
Enterprise Value (Cr.)2.991.421.691.982.77
EV / Net Operating Revenue (X)1.762.600.000.000.00
EV / EBITDA (X)29.1831.023.854.349.03
MarketCap / Net Operating Revenue (X)1.775.810.000.000.00
Price / BV (X)0.561.031.051.331.65
Price / Net Operating Revenue (X)1.775.810.000.000.00
EarningsYield0.020.000.110.080.03

Pioneer Agro Extracts Ltd Profitability Ratios (%)

Pioneer Agro Extracts Ltd Liquidity Ratios

Pioneer Agro Extracts Ltd Liquidity Ratios (%)

Pioneer Agro Extracts Ltd Interest Coverage Ratios (%)

Pioneer Agro Extracts Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pioneer Agro Extracts Ltd

Fair Value: ₹6.67

The stock is overvalued by 28.36% compared to the current price ₹9.31

*Investments are subject to market risks

Strength and Weakness of Pioneer Agro Extracts Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 14.78, which is a positive sign.
  1. The stock has a low average ROCE of -3.49%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 16.66, which may not be favorable.
  3. The company has higher borrowings (2.45) compared to reserves (0.93), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (22.14) and profit (-0.22).

Should I Buy Pioneer Agro Extracts Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Pioneer Agro Extracts Ltd:
    1. Net Profit Margin: 4.23%
      • 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: 1.41% (Industry Average ROCE: 5.12%)
      • 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): 80.78
      • 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: 61.06
      • 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: 40.3 (Industry average Stock P/E: 107.46)
      • 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: N/A
      • 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 Pioneer Agro Extracts 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