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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Power & Instrumentation (Gujarat) Ltd

About the Company - Power & Instrumentation (Gujarat) Ltd

Power & Instrumentation (Gujarat) Ltd. is a Public Limited Listed company incorporated on 12/09/1983 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L32201GJ1983PLC006456 and registration number is 006456. Currently company belongs to the Industry of Infrastructure - General. Company’s Total Operating Revenue is Rs. 91.28 Cr. and Equity Capital is Rs. 8.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Infrastructure - GeneralB-1104 Sankalp Iconic, Opp Vikram Nagar, Ahmedabad Gujarat 380054admin@grouppower.org
http://www.grouppower.org
Management
NamePosition Held
Mr. Sumeet Dileep AgnihotriChairman & Non-Exe.Director
Mr. Padmaraj Padmnabhan PillaiManaging Director
Mrs. Padmavati Padmanabhan PillaiExecutive Director
Mrs. Kavita PillaiExecutive Director
Mr. Manav RastogiIndependent Director
Ms. Rucha Balmukund DagaIndependent Director

Power and Instrumentation (Gujarat) Ltd. Share Price Update

Share PriceValue
Today₹66.95
Previous Day₹70.29

Basic Stock Data of Power & Instrumentation (Gujarat) Ltd

Market Cap 93.5 Cr.
Current Price 74.0
High / Low93.4/36.2
Stock P/E21.1
Book Value 37.5
Dividend Yield0.28 %
ROCE11.9 %
ROE9.15 %
Face Value 10.0

Data Source: screener.in

Competitors of Power & Instrumentation (Gujarat) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sadbhav Infrastructure Projects Ltd 312 Cr. 8.858.87/2.851.71 10.30.00 %12.3 %172 % 10.0
Rudrabhishek Enterprises Ltd 364 Cr. 210239/13227.4 67.10.00 %16.2 %12.2 % 10.0
Gayatri Highways Ltd 32.4 Cr. 1.351.55/0.55 63.00.00 %1.04 %% 2.00
GE Power India Ltd 1,986 Cr. 295319/97.4 4.990.00 %29.4 %95.4 % 10.0
MEP Infrastructure Developers Ltd 281 Cr. 15.322.2/9.50 21.60.00 %20.9 %% 10.0
Industry Average595.08 Cr106.105.8233.400.00%15.97%55.92%8.40

Power & Instrumentation (Gujarat) Ltd Quarterly Results

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales63.3113.4225.4910.6944.6721.9524.33
Expenses59.9411.6723.158.5243.3219.4021.62
Operating Profit3.371.752.342.171.352.552.71
OPM %5.32%13.04%9.18%20.30%3.02%11.62%11.14%
Other Income0.220.070.130.040.790.150.19
Interest0.281.000.681.170.501.301.00
Depreciation0.110.080.080.060.070.060.06
Profit before tax3.200.741.710.981.571.341.84
Tax %11.25%21.62%25.15%33.67%21.02%24.63%24.46%
Net Profit2.850.591.290.651.231.001.39
EPS in Rs3.320.691.120.510.970.791.10

Power & Instrumentation (Gujarat) Ltd Quarterly Chart

Power & Instrumentation (Gujarat) Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales60728889859194102
Expenses5566808178848793
Operating Profit56787789
OPM %9%8%8%10%9%7%8%9%
Other Income11001011
Interest33343334
Depreciation00000000
Profit before tax23445456
Tax %33%33%26%28%26%31%27%
Net Profit22333344
EPS in Rs15.913.824.364.264.913.362.863.37
Dividend Payout %0%13%0%0%0%0%7%

Power & Instrumentation (Gujarat) Ltd Profit & Loss Yearly Chart

Power & Instrumentation (Gujarat) Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:2%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:-1%
TTM:-17%
Stock Price CAGR
10 Years:%
5 Years:41%
3 Years:40%
1 Year:2%
Return on Equity
10 Years:%
5 Years:12%
3 Years:10%
Last Year:9%

Power & Instrumentation (Gujarat) Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1577791313
Reserves119171923263235
Borrowings1817151122293233
Other Liabilities2118342012343026
Total Liabilities515073576497107107
Fixed Assets11111111
CWIP00000011
Investments00000000
Other Assets494872566395105105
Total Assets515073576497107107

Power & Instrumentation (Gujarat) Ltd Reserves and Borrowings Chart

Power & Instrumentation (Gujarat) Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1-203-1-31
Cash from Investing Activity -10-0001-5
Cash from Financing Activity 313-4124
Net Cash Flow1-13-11-00

Power & Instrumentation (Gujarat) Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10311313398158221149
Inventory Days13990101401580159
Days Payable118941398446132106
Cash Conversion Cycle1241089554127168202
Working Capital Days134124114100153197219
ROCE %20%21%24%18%12%12%

Power & Instrumentation (Gujarat) Ltd Financial Efficiency Indicators Chart

Power & Instrumentation (Gujarat) Ltd Share Holding Pattern

MonthMar 2020Jun 2020Sep 2020Mar 2021May 2021Sep 2021Mar 2022Sep 2022Nov 2022Mar 2023Jun 2023Sep 2023
Promoters69.59%69.59%69.59%69.59%57.10%58.39%58.39%58.39%59.88%59.88%52.09%52.09%
Public30.41%30.41%30.42%30.41%42.90%41.60%41.60%41.61%40.12%40.12%47.90%47.91%
No. of Shareholders2212202142022182232282642892591,8402,167

Power & Instrumentation (Gujarat) Ltd Shareholding Pattern Chart

No. of Power & Instrumentation (Gujarat) Ltd Shareholders

This stock is not held by any mutual fund

Power & Instrumentation (Gujarat) Ltd ROCE Trend

Power & Instrumentation (Gujarat) Ltd EPS Trend

Power & Instrumentation (Gujarat) Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)3.313.30
Diluted EPS (Rs.)3.313.30
Cash EPS (Rs.)3.093.82
Book Value[Excl.RevalReserv]/Share (Rs.)35.9042.48
Book Value[Incl.RevalReserv]/Share (Rs.)35.9042.48
Revenue From Operations / Share (Rs.)74.63106.39
PBDIT / Share (Rs.)6.788.51
PBIT / Share (Rs.)6.558.04
PBT / Share (Rs.)3.904.85
Net Profit / Share (Rs.)2.863.36
NP After MI And SOA / Share (Rs.)2.883.38
PBDIT Margin (%)9.087.99
PBIT Margin (%)8.777.55
PBT Margin (%)5.214.55
Net Profit Margin (%)3.823.15
NP After MI And SOA Margin (%)3.863.17
Return on Networth / Equity (%)8.027.95
Return on Capital Employeed (%)16.4616.50
Return On Assets (%)3.413.00
Long Term Debt / Equity (X)0.090.12
Total Debt / Equity (X)0.690.77
Asset Turnover Ratio (%)0.920.00
Current Ratio (X)1.521.47
Quick Ratio (X)0.901.16
Interest Coverage Ratio (X)2.562.66
Interest Coverage Ratio (Post Tax) (X)2.082.05
Enterprise Value (Cr.)106.8863.83
EV / Net Operating Revenue (X)1.130.69
EV / EBITDA (X)12.498.74
MarketCap / Net Operating Revenue (X)0.800.39
Price / BV (X)1.670.97
Price / Net Operating Revenue (X)0.800.39
EarningsYield0.040.08

Power & Instrumentation (Gujarat) Ltd Profitability Ratios (%)

Power & Instrumentation (Gujarat) Ltd Liquidity Ratios

Power & Instrumentation (Gujarat) Ltd Liquidity Ratios (%)

Power & Instrumentation (Gujarat) Ltd Interest Coverage Ratios (%)

Power & Instrumentation (Gujarat) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Power & Instrumentation (Gujarat) Ltd

Fair Value: ₹72.60

The stock is overvalued by 1.89% compared to the current price ₹74

*Investments are subject to market risks

Strength and Weakness of Power & Instrumentation (Gujarat) Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.29%, which is a positive sign.
  2. The company has shown consistent growth in sales (85.13 cr) and profit (4.13 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.30 and average Dividend Yield of 8.16%.
  2. The stock has a high average Working Capital Days of 148.71, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 125.43, which may not be favorable.
  4. The company has higher borrowings (22.13) compared to reserves (21.50), which may suggest financial risk.

Should I Buy Power & Instrumentation (Gujarat) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Power & Instrumentation (Gujarat) Ltd:
    1. Net Profit Margin: 3.82%
      • 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: 16.46% (Industry Average ROCE: 9.05%)
      • 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): 2.08
      • 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: 0.90
      • 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: 20.1 (Industry average Stock P/E: 0.32)
      • 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: 0.69
      • 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 Power & Instrumentation (Gujarat) 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