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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 540293 | NSE: PRICOLLTD

Fundamental Analysis of Pricol Ltd

About the Company - Pricol Ltd

Pricol Ltd. is a Public Limited Listed company incorporated on 18/05/2011 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L34200TZ2011PLC022194 and registration number is 022194. Currently Company is involved in the business activities of Manufacture of other pumps, compressors, taps and valves etc.. Company’s Total Operating Revenue is Rs. 1476.08 Cr. and Equity Capital is Rs. 12.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others109, Race Course, Coimbatore Tamil Nadu 641018cs@pricol.com
http://www.pricol.com
Management
NamePosition Held
Mrs. Vanitha MohanChairman
Mr. Vikram MohanManaging Director
Mr. P M GaneshExecutive Director & CEO
Mr. R Vidhya ShankarIndependent Director
Mrs. Sriya ChariIndependent Director
Mr. S K SundararamanIndependent Director
Mr. P ShanmugasundaramIndependent Director
Mr. K IlangoIndependent Director
Mr. Navin PaulIndependent Director

Pricol Ltd. Share Price Update

Share PriceValue
Today₹415.55
Previous Day₹422.35

Basic Stock Data of Pricol Ltd

Market Cap 4,909 Cr.
Current Price 403
High / Low444/174
Stock P/E38.0
Book Value 63.0
Dividend Yield0.00 %
ROCE20.1 %
ROE18.3 %
Face Value 1.00

Data Source: screener.in

Competitors of Pricol Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PPAP Automotive Ltd 299 Cr. 214295/148 2090.70 %1.58 %2.02 % 10.0
Shivam Autotech Ltd 526 Cr. 43.047.0/20.4 6.450.00 %3.23 %28.5 % 2.00
Munjal Auto Industries Ltd 899 Cr. 89.9115/35.626.5 38.82.22 %8.71 %5.96 % 2.00
Omax Autos Ltd 279 Cr. 130130/37.6139 1310.00 %1.67 %7.76 % 10.0
Minda Corporation Ltd 10,228 Cr. 428450/18536.8 78.50.27 %16.5 %19.6 % 2.00
Industry Average402.6 Cr180.9840.4692.750.64%6.34%12.77%5.2

Pricol Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales462446316407407414445516474523537578573
Expenses393391282358360363392453423462473511505
Operating Profit70553449475154625161656668
OPM %15%12%11%12%12%12%12%12%11%12%12%12%12%
Other Income01421211012342
Interest12989655545555
Depreciation24232220202020202017202121
Profit before tax3424823232730482741434444
Tax %37%94%23%35%23%52%32%1%2%28%26%25%23%
Net Profit211615171321482730323334
EPS in Rs1.760.110.491.201.421.081.693.902.202.442.622.722.79

Pricol Ltd Quarterly Chart

Pricol Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4731,3571,8141,2391,4131,5451,9592,113
Expenses1,3651,3001,8681,2271,2241,3621,7301,869
Operating Profit10856-5413189183229243
OPM %7%4%-3%1%13%12%12%12%
Other Income10513152271410
Interest1914383443271819
Depreciation7374949694827878
Profit before tax26-26-173-1027480147156
Tax %65%-85%-1%3%44%36%15%
Net Profit9-49-174-994251125122
EPS in Rs0.76-4.02-14.26-8.103.404.1910.239.98
Dividend Payout %103%-19%0%0%0%0%0%

Pricol Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-644.44%-255.10%43.10%142.42%21.43%145.10%
Change in YoY Net Profit Growth (%)0.00%389.34%298.21%99.32%-121.00%123.67%

Pricol Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:16%
TTM:20%
Compounded Profit Growth
10 Years:%
5 Years:34%
3 Years:47%
TTM:28%
Stock Price CAGR
10 Years:%
5 Years:68%
3 Years:90%
1 Year:105%
Return on Equity
10 Years:%
5 Years:-2%
3 Years:13%
Last Year:18%

Pricol Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital999912121213
Reserves716656490388513564692756
Borrowings16444827943127915311088
Other Liabilities406617824501432469491533
Total Liabilities1,2951,7311,6021,3301,2351,1981,3061,390
Fixed Assets739834699731642612597639
CWIP277014222081514
Investments02351256
Other Assets529825887571573576689730
Total Assets1,2951,7311,6021,3301,2351,1981,3061,390

Pricol Ltd Reserves and Borrowings Chart

Pricol Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 589544151128183166
Cash from Investing Activity -57-239-126-12-29-45-69
Cash from Financing Activity 2318457-169-70-154-64
Net Cash Flow2340-25-2929-1633

Pricol Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days53803958495650
Inventory Days6712352100928172
Days Payable97173631351079275
Cash Conversion Cycle23302923344547
Working Capital Days132621-3262423
ROCE %-1%-14%-9%16%14%20%

Pricol Ltd Financial Efficiency Indicators Chart

Pricol Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters36.53%36.53%36.53%36.53%36.53%36.53%36.53%36.53%36.53%38.51%38.51%38.51%
FIIs10.52%10.64%10.51%11.04%11.28%11.92%12.36%12.51%3.67%2.89%3.96%6.50%
DIIs0.22%0.00%0.01%0.00%1.67%2.97%2.98%4.35%6.56%5.58%5.59%6.92%
Public52.74%52.83%52.96%52.43%50.52%48.58%48.14%46.61%53.24%53.02%51.93%48.05%
No. of Shareholders40,73547,33564,42561,04768,99363,95159,29962,13066,19270,00577,5191,02,786

Pricol Ltd Shareholding Pattern Chart

No. of Pricol Ltd Shareholders

Pricol Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Aditya Birla Sun Life Pure Value Fund23800491.5982.15
Motilal Oswal Nifty Microcap 250 Index Fund822920.52.84
Groww Nifty Total Market Index Fund2090.020.01

Pricol Ltd ROCE Trend

Pricol Ltd EPS Trend

Pricol Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)10.234.523.81-10.42-18.34
Diluted EPS (Rs.)10.234.523.81-10.42-18.34
Cash EPS (Rs.)16.6211.2311.130.74-9.65
Book Value[Excl.RevalReserv]/Share (Rs.)57.7847.7443.0641.9252.68
Book Value[Incl.RevalReserv]/Share (Rs.)57.7847.7443.0641.9252.68
Revenue From Operations / Share (Rs.)160.69126.74115.94168.76147.66
PBDIT / Share (Rs.)19.1215.5415.2410.5210.89
PBIT / Share (Rs.)12.738.837.51-0.642.20
PBT / Share (Rs.)12.036.593.98-5.310.03
Net Profit / Share (Rs.)10.234.523.40-10.42-18.34
NP After MI And SOA / Share (Rs.)10.234.523.40-10.42-18.34
PBDIT Margin (%)11.8912.2613.146.237.37
PBIT Margin (%)7.926.966.47-0.381.48
PBT Margin (%)7.485.193.43-3.140.02
Net Profit Margin (%)6.363.562.93-6.17-12.42
NP After MI And SOA Margin (%)6.363.562.93-6.17-12.42
Return on Networth / Equity (%)17.709.467.90-24.85-34.81
Return on Capital Employeed (%)19.3314.1111.05-0.833.13
Return On Assets (%)9.544.613.35-7.42-10.87
Long Term Debt / Equity (X)0.030.160.380.590.19
Total Debt / Equity (X)0.120.220.470.930.52
Asset Turnover Ratio (%)1.561.231.100.860.91
Current Ratio (X)1.321.261.300.840.86
Quick Ratio (X)0.770.710.700.450.66
Inventory Turnover Ratio (X)5.244.153.904.313.77
Dividend Payout Ratio (NP) (%)0.000.000.0022.49-6.57
Dividend Payout Ratio (CP) (%)0.000.000.00-312.78-12.49
Earning Retention Ratio (%)0.000.000.000.00106.57
Cash Earning Retention Ratio (%)0.000.000.000.00112.49
Interest Coverage Ratio (X)12.756.944.312.265.04
Interest Coverage Ratio (Post Tax) (X)7.293.021.37-0.050.97
Enterprise Value (Cr.)2530.641661.211026.99674.64543.76
EV / Net Operating Revenue (X)1.291.080.720.420.38
EV / EBITDA (X)10.868.775.536.765.27
MarketCap / Net Operating Revenue (X)1.291.030.600.210.24
Retention Ratios (%)0.000.000.000.00106.57
Price / BV (X)3.592.721.630.870.68
Price / Net Operating Revenue (X)1.291.030.600.210.24
EarningsYield0.040.030.04-0.28-0.51

Pricol Ltd Profitability Ratios (%)

Pricol Ltd Liquidity Ratios

Pricol Ltd Liquidity Ratios (%)

Pricol Ltd Interest Coverage Ratios (X)

Pricol Ltd Valuation Ratios

Fair Value / Intrinsic Value of Pricol Ltd

Fair Value: ₹446.86

The stock is undervalued by 10.88% compared to the current price ₹403

*Investments are subject to market risks

Strength and Weakness of Pricol Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 18.57, which is a positive sign.
  2. The company has higher reserves (596.88 cr) compared to borrowings (244.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.13 cr) and profit (24.88 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.13 and average Dividend Yield of 4.49%.
  2. The stock has a low average ROCE of 3.71%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 33.00, which may not be favorable.

Should I Buy Pricol Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Pricol Ltd:
    1. Net Profit Margin: 6.36%
      • 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: 19.33% (Industry Average ROCE: 15.69%)
      • 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): 7.29
      • 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: 0.77
      • 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: 39.7 (Industry average Stock P/E: 31.78)
      • 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: 0.12
      • 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 Pricol 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