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

Fundamental Analysis of Praxis Home Retail Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:17 pm

Market Cap 212 Cr.
Current Price 16.9
High / Low38.2/14.0
Stock P/E
Book Value 3.45
Dividend Yield0.00 %
ROCE39.1 %
ROE%
Face Value 5.00
PEG Ratio0.00

Competitors of Praxis Home Retail Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Spencers Retail Ltd 807 Cr. 89.5139/57.9 46.10.00 %9.89 %% 5.00
Osia Hyper Retail Ltd 300 Cr. 25.478.2/21.416.4 16.90.00 %22.8 %11.7 % 1.00
Shoppers Stop Ltd 8,084 Cr. 735890/61698.5 27.40.00 %11.9 %32.3 % 5.00
V-Mart Retail Ltd 5,444 Cr. 2,7532,857/1,591 3780.00 %0.55 %12.1 % 10.0
Industry Average3,658.75 Cr900.7328.73117.100.00%11.29%14.03%5.25

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales112934811413010710410610671505964
Expenses135110591101181131081159770576367
Operating Profit-23-17-11412-6-4-1082-7-4-3
OPM %-20%-18%-23%3%9%-6%-4%-9%8%3%-14%-7%-5%
Other Income302322201425122414040
Interest8766565576556
Depreciation14131011111176913999
Profit before tax-15-14-57102-42-7-13-20-14-19
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-15-14-57102-43-7-13-20-14-19
EPS in Rs-1.42-1.19-0.390.540.810.18-0.350.20-0.53-1.01-1.59-1.10-1.48

Last Updated: June 10, 2024, 5:25 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:58 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales-0-0-0-07381683703313399386220
Expenses-0-0-0-027382705687391401390245
Operating Profit-0-0-0-0-20-2-2216-78-2-4-25
OPM %-304%-0%-3%2%-25%-0%-1%-12%
Other Income-0-0-0-00210668240-2
Interest-0-0-0-0-0344034232222
Depreciation-0-0-0-00005757433636
Profit before tax-0-0-0-0-20-3-26-81-10314-21-86
Tax %1%28%-3%-0%0%-0%-0%-0%
Net Profit-0-0-0-0-20-2-27-81-10314-21-86
EPS in Rs-1,003.00-0.21-2.79-7.46-8.671.15-1.68-6.84
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)90.00%-1250.00%-200.00%-27.16%113.59%-250.00%-309.52%
Change in YoY Net Profit Growth (%)0.00%-1340.00%1050.00%172.84%140.75%-363.59%-59.52%

Growth

Compounded Sales Growth
10 Years:%
5 Years:-20%
3 Years:-11%
TTM:-43%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:8%
TTM:-48%
Stock Price CAGR
10 Years:%
5 Years:-17%
3 Years:-3%
1 Year:22%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 17, 2024, 2:47 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital00000012121415383862
Reserves-0-0-0-0-0-20583124-79-37-56-53
Preference Capital000000455500
Borrowings000000123374245208157163
Other Liabilities0000026276317215226202177146
Total Liabilities000006348384626407411316318
Fixed Assets00000212271143105115115
CWIP0000000000100
Investments0000000000000
Other Assets000004347382355264305201204
Total Assets000006348384626407411316318

Reserves and Borrowings Chart

Praxis Home Retail Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0-21-1-77512474
Cash from Investing Activity 024-4-3-0-3-10
Cash from Financing Activity 00-11472-52-20-69
Net Cash Flow0149-8-12-5

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.000.000.000.00-20.00-6.00-27.0011.00-83.00-2.00-4.00-25.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days-078101401
Inventory Days-0290179151150221108
Days Payable362233119224259217
Cash Conversion Cycle-0-66-4542-60-39-107
Working Capital Days-883-52-2521-588918
ROCE %1%-29%-17%-23%19%-17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters66.66%66.66%55.66%55.66%55.66%55.66%55.66%55.39%44.49%41.29%33.23%33.15%
FIIs4.11%5.23%2.55%2.55%2.55%2.56%2.55%2.39%1.92%1.92%1.92%1.91%
DIIs2.21%1.04%1.41%1.41%1.50%1.50%1.50%1.49%0.89%0.89%1.10%1.16%
Public27.02%27.07%40.38%40.38%40.29%40.28%40.29%40.73%52.70%55.91%63.76%63.77%
No. of Shareholders24,92624,54224,62724,08023,93024,44124,53824,80125,44224,43024,20724,539

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-7.35-2.792.74-36.61-32.24
Diluted EPS (Rs.)-7.35-2.792.74-36.61-32.24
Cash EPS (Rs.)-3.951.987.59-15.28-8.63
Book Value[Excl.RevalReserv]/Share (Rs.)-3.45-2.370.10-25.70-2.06
Book Value[Incl.RevalReserv]/Share (Rs.)-3.45-2.370.10-25.70-2.06
Revenue From Operations / Share (Rs.)17.5451.0252.97103.05254.32
PBDIT / Share (Rs.)-1.510.7410.64-4.025.88
PBIT / Share (Rs.)-4.41-4.014.95-22.71-14.71
PBT / Share (Rs.)-6.84-2.781.89-33.98-29.21
Net Profit / Share (Rs.)-6.84-2.781.89-33.97-29.22
PBDIT Margin (%)-8.631.4620.09-3.902.31
PBIT Margin (%)-25.16-7.869.34-22.04-5.78
PBT Margin (%)-39.03-5.443.56-32.97-11.48
Net Profit Margin (%)-39.03-5.443.56-32.96-11.48
Return on Networth / Equity (%)0.000.001859.160.000.00
Return on Capital Employeed (%)-166.52-48.5040.09-110.86-15.40
Return On Assets (%)-26.84-6.723.47-25.98-12.91
Long Term Debt / Equity (X)0.00-0.303.01-0.140.00
Total Debt / Equity (X)-1.72-2.9799.92-1.04-15.24
Asset Turnover Ratio (%)0.691.070.980.611.39
Current Ratio (X)0.640.750.940.450.68
Quick Ratio (X)0.440.480.490.170.20
Interest Coverage Ratio (X)-0.850.263.48-0.350.40
Interest Coverage Ratio (Post Tax) (X)-2.50-1.401.62-2.02-1.01
Enterprise Value (Cr.)310.78179.06441.54190.80308.76
EV / Net Operating Revenue (X)1.420.461.110.600.43
EV / EBITDA (X)-16.3831.585.51-15.6119.01
MarketCap / Net Operating Revenue (X)1.090.330.910.340.31
Price / BV (X)-5.52-7.10478.33-1.40-39.23
Price / Net Operating Revenue (X)1.090.330.910.340.31
EarningsYield-0.35-0.160.03-0.94-0.36

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 7.92

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.

Overvalued: 53.15% compared to the current price 16.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 8.72

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.

Overvalued: 48.40% compared to the current price ₹16.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 10.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -74.17, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -22.92, which is a positive sign.
  1. The stock has a low average ROCE of -5.50%, which may not be favorable.
  2. The company has higher borrowings (1.58) compared to reserves (-15.42), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (257.67) and profit (-27.17).

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 Praxis Home Retail Ltd:
    1. Net Profit Margin: -39.03%
      • 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: -166.52% (Industry Average ROCE: 18.59%)
      • 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%: 0.00% (Industry Average ROE: 14.03%)
      • 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): -2.50
      • 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: 0.44
      • 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: (Industry average Stock P/E: 28.88)
      • 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: -1.72
      • 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

Praxis Home Retail Ltd. is a Public Limited Listed company incorporated on 31/01/2011 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L52100MH2011PLC212866 and registration number is 212866. Currently Company is involved in the business activities of Retail trade, except of motor vehicles and motorcycles. Company’s Total Operating Revenue is Rs. 398.89 Cr. and Equity Capital is Rs. 37.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresiThink Techno Campus, Mumbai Maharashtra 400042investorrelations@praxisretail.in
http://www.praxisretail.in
Management
NamePosition Held
Mr. Mahesh ShahManaging Director
Ms. Anou SinghviInd. Non-Executive Director
Mr. Harminder SahniInd. Non-Executive Director
Mr. Jacob MathewInd. Non-Executive Director
Mr. Samson SamuelNon Exe.Non Ind.Director
Ms. Lynette Robert MonteiroNon Exe.Non Ind.Director

FAQ

What is the latest fair value of Praxis Home Retail Ltd?

The latest fair value of Praxis Home Retail Ltd is ₹7.92.

What is the Market Cap of Praxis Home Retail Ltd?

The Market Cap of Praxis Home Retail Ltd is 212 Cr..

What is the current Stock Price of Praxis Home Retail Ltd as on 19 June 2024?

The current stock price of Praxis Home Retail Ltd as on 19 June 2024 is ₹16.9.

What is the High / Low of Praxis Home Retail Ltd stocks in FY 2024?

In FY 2024, the High / Low of Praxis Home Retail Ltd stocks is 38.2/14.0.

What is the Stock P/E of Praxis Home Retail Ltd?

The Stock P/E of Praxis Home Retail Ltd is .

What is the Book Value of Praxis Home Retail Ltd?

The Book Value of Praxis Home Retail Ltd is 3.45.

What is the Dividend Yield of Praxis Home Retail Ltd?

The Dividend Yield of Praxis Home Retail Ltd is 0.00 %.

What is the ROCE of Praxis Home Retail Ltd?

The ROCE of Praxis Home Retail Ltd is 39.1 %.

What is the ROE of Praxis Home Retail Ltd?

The ROE of Praxis Home Retail Ltd is %.

What is the Face Value of Praxis Home Retail Ltd?

The Face Value of Praxis Home Retail Ltd is 5.00.

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 Praxis Home Retail 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