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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Prolife Industries Ltd

About the Company - Prolife Industries Ltd

Prolife Industries Ltd. is a Public Limited Listed company incorporated on 27/07/1994 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24231GJ1994PLC022613 and registration number is 022613. Currently Company is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 73.20 Cr. and Equity Capital is Rs. 4.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsNo. 213, G.I.D.C., Panoli, Ankleshwar Gujarat 394116info@prolifeindustries.in
http://www.prolifeindustries.in
Management
NamePosition Held
Mr. Karan M JollyManaging Director
Mrs. Anureet Kaur JollyDirector
Mr. Siddharth RaghuvanshiDirector
Mr. Veljibhai K PatelDirector
Mr. Dharmendra PushkarnaIndependent Director
Mr. Keshavkumar B SinghIndependent Director

Prolife Industries Ltd. Share Price Update

Share PriceValue
Today₹259.00
Previous Day₹271.70

Basic Stock Data of Prolife Industries Ltd

Market Cap 106 Cr.
Current Price 260
High / Low338/189
Stock P/E12.6
Book Value 91.2
Dividend Yield0.12 %
ROCE30.0 %
ROE23.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Prolife Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ushanti Colour Chem Ltd 65.3 Cr. 61.076.7/52.0 44.10.00 %1.47 %4.08 % 10.0
Vidhi Specialty Food Ingredients Ltd 2,180 Cr. 436473/31962.5 53.40.23 %17.6 %16.2 % 1.00
Poddar Pigments Ltd 384 Cr. 362408/24413.9 2770.99 %12.2 %8.94 % 10.0
Mahickra Chemicals Ltd 116 Cr. 142159/78.252.8 40.60.46 %13.7 %10.9 % 10.0
Bodal Chemicals Ltd 1,026 Cr. 81.694.4/55.0142 85.30.12 %5.08 %3.50 % 2.00
Industry Average113.66 Cr216.5254.24100.080.36%10.01%8.72%6.6

Prolife Industries Ltd Quarterly Results

MonthMar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales15.9123.2727.1833.3340.2634.8938.3142.9635.3629.86
Expenses12.6521.0723.8629.0936.3131.0536.1838.4431.1522.93
Operating Profit3.262.203.324.243.953.842.134.524.216.93
OPM %20.49%9.45%12.21%12.72%9.81%11.01%5.56%10.52%11.91%23.21%
Other Income-0.140.681.100.230.390.511.110.851.330.51
Interest0.510.490.100.290.200.250.210.390.030.20
Depreciation0.580.510.520.500.430.480.680.620.630.62
Profit before tax2.031.883.803.683.713.622.354.364.886.62
Tax %23.65%29.79%28.42%26.09%25.34%20.72%39.15%20.87%28.89%25.08%
Net Profit1.551.322.722.732.772.871.433.453.464.96
EPS in Rs3.793.226.646.676.777.013.498.438.4512.11

Prolife Industries Ltd Quarterly Chart

Prolife Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales12.2016.4318.9519.5822.1927.1427.2029.5850.3873.5073.0878.1565.22
Expenses11.5515.5317.4917.7620.3924.6023.6525.3844.8265.2867.1069.4154.08
Operating Profit0.650.901.461.821.802.543.554.205.568.225.988.7411.14
OPM %5.33%5.48%7.70%9.30%8.11%9.36%13.05%14.20%11.04%11.18%8.18%11.18%17.08%
Other Income0.100.160.100.310.450.100.270.461.780.621.632.181.84
Interest0.200.440.871.111.010.840.840.910.630.520.480.430.23
Depreciation0.280.260.290.400.420.470.890.931.030.931.161.251.25
Profit before tax0.270.360.400.620.821.332.092.825.687.395.979.2411.50
Tax %37.04%36.11%45.00%37.10%35.37%33.83%28.23%28.01%28.87%25.58%27.97%25.11%
Net Profit0.170.220.220.400.530.871.502.044.045.504.306.918.42
EPS in Rs1.711.471.472.683.552.133.664.989.8713.4310.5016.8820.56
Dividend Payout %23.29%27.09%20.32%8.94%7.03%9.40%6.82%6.01%3.04%2.23%2.85%1.78%

Prolife Industries Ltd Profit & Loss Yearly Chart

Prolife Industries Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:24%
3 Years:16%
TTM:-20%
Compounded Profit Growth
10 Years:41%
5 Years:36%
3 Years:20%
TTM:73%
Stock Price CAGR
10 Years:%
5 Years:58%
3 Years:70%
1 Year:29%
Return on Equity
10 Years:22%
5 Years:24%
3 Years:23%
Last Year:24%

Prolife Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.991.491.491.491.494.094.094.094.094.094.094.094.09
Reserves0.730.881.041.532.104.596.008.0311.9217.3021.4828.2733.23
Borrowings4.689.409.6010.108.615.074.827.157.715.494.711.925.64
Other Liabilities3.662.334.074.573.844.776.227.4211.9421.7525.156.8810.45
Total Liabilities10.0614.1016.2017.6916.0418.5221.1326.6935.6648.6355.4341.1653.41
Fixed Assets2.142.222.292.733.218.119.5610.049.609.3411.4311.318.96
CWIP0.130.130.130.130.570.530.000.000.000.000.000.000.00
Investments0.662.532.862.872.811.521.771.761.221.221.221.263.78
Other Assets7.139.2210.9211.969.458.369.8014.8924.8438.0742.7828.5940.67
Total Assets10.0614.1016.2017.6916.0418.5221.1326.6935.6648.6355.4341.1653.41

Prolife Industries Ltd Reserves and Borrowings Chart

Prolife Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5.54-3.910.600.024.15-0.085.840.8110.025.113.730.05
Cash from Investing Activity -2.21-1.24-0.79-0.17-1.41-3.28-3.27-2.33-4.69-5.64-3.051.46
Cash from Financing Activity -1.975.150.150.47-2.863.30-1.861.63-3.74-1.31-0.14-1.43
Net Cash Flow1.35-0.01-0.040.33-0.13-0.060.710.101.58-1.840.540.08

Prolife Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days54.1550.2153.1662.6463.6657.5638.11100.4452.1678.4683.7649.55
Inventory Days87.58132.15162.19170.7769.1643.0365.1737.0562.5952.3276.7939.40
Days Payable122.9252.1477.5491.3968.7371.78104.12104.5589.97124.33149.8925.99
Cash Conversion Cycle18.82130.21137.82142.0264.0828.81-0.8432.9324.786.4510.6662.96
Working Capital Days32.31120.85103.82112.9769.9131.745.9040.4717.7513.7118.4847.22
ROCE %8.73%8.81%10.63%13.70%14.93%16.57%20.31%21.83%29.03%30.83%22.57%29.96%

Prolife Industries Ltd Financial Efficiency Indicators Chart

Prolife Industries Ltd Share Holding Pattern

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Sep 2023
Promoters73.08%73.74%73.74%73.74%73.74%73.74%73.74%73.74%73.74%73.74%73.74%73.74%
Public26.92%26.26%26.26%26.27%26.26%26.26%26.26%26.26%26.26%26.26%26.26%26.26%
No. of Shareholders135134135117133126142131130148148382

Prolife Industries Ltd Shareholding Pattern Chart

No. of Prolife Industries Ltd Shareholders

This stock is not held by any mutual fund

Prolife Industries Ltd ROCE Trend

Prolife Industries Ltd EPS Trend

Prolife Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)16.8910.5113.439.874.97
Diluted EPS (Rs.)16.8910.5113.439.874.97
Cash EPS (Rs.)19.9413.3315.7112.397.23
Book Value[Excl.RevalReserv]/Share (Rs.)79.0462.4652.2539.1229.61
Book Value[Incl.RevalReserv]/Share (Rs.)79.0462.4652.2539.1229.61
Dividend / Share (Rs.)0.300.300.300.300.30
Revenue From Operations / Share (Rs.)191.28178.80179.74123.2372.47
PBDIT / Share (Rs.)26.6518.5321.5317.8411.33
PBIT / Share (Rs.)23.5915.7119.2515.329.07
PBT / Share (Rs.)22.5514.5918.0513.886.90
Net Profit / Share (Rs.)16.8910.5113.439.874.97
PBDIT Margin (%)13.9310.3611.9814.4715.63
PBIT Margin (%)12.338.7810.7112.4312.51
PBT Margin (%)11.798.1510.0411.269.51
Net Profit Margin (%)8.825.877.478.006.86
Return on Networth / Equity (%)21.3616.8225.7025.2116.78
Return on Capital Employeed (%)26.1320.7129.8428.8617.80
Return On Assets (%)16.797.7611.3011.327.62
Long Term Debt / Equity (X)0.120.190.210.320.68
Total Debt / Equity (X)0.050.180.250.480.58
Asset Turnover Ratio (%)1.621.411.751.621.24
Current Ratio (X)4.281.221.121.192.04
Quick Ratio (X)2.900.740.760.721.70
Inventory Turnover Ratio (X)5.935.787.859.406.80
Dividend Payout Ratio (NP) (%)1.772.852.233.045.02
Dividend Payout Ratio (CP) (%)1.502.241.912.423.45
Earning Retention Ratio (%)98.2397.1597.7796.9694.98
Cash Earning Retention Ratio (%)98.5097.7698.0997.5896.55
Interest Coverage Ratio (X)25.7716.5317.9312.385.22
Interest Coverage Ratio (Post Tax) (X)17.3310.3712.197.843.29
Enterprise Value (Cr.)86.7171.2225.3819.1016.97
EV / Net Operating Revenue (X)1.110.970.340.370.57
EV / EBITDA (X)7.959.392.882.613.66
MarketCap / Net Operating Revenue (X)1.100.920.280.270.36
Retention Ratios (%)98.2297.1497.7696.9594.97
Price / BV (X)2.672.650.960.870.89
Price / Net Operating Revenue (X)1.100.920.280.270.36
EarningsYield0.080.060.260.280.18

Prolife Industries Ltd Profitability Ratios (%)

Prolife Industries Ltd Liquidity Ratios

Prolife Industries Ltd Liquidity Ratios (%)

Prolife Industries Ltd Interest Coverage Ratios (X)

Prolife Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Prolife Industries Ltd

Fair Value: ₹274.97

The stock is undervalued by 5.76% compared to the current price ₹260

*Investments are subject to market risks

Strength and Weakness of Prolife Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 18.99%, which is a positive sign.
  2. The company has higher reserves (10.55 cr) compared to borrowings (6.53 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (39.51 cr) and profit (3.73 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 19.18 and average Dividend Yield of 11.35%.
  2. The stock has a high average Working Capital Days of 51.26, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 54.89, which may not be favorable.

Should I Buy Prolife Industries Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Prolife Industries Ltd:
    1. Net Profit Margin: 8.82% (Higher values are generally favorable)
      • 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: 26.13% (Industry Average ROCE: 10.01%)
      • 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): 17.33 (Higher values, preferably > 2, are recommended)
      • 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: 2.90 (Higher values, preferably > 1, are recommended)
      • 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: 12.6 (Industry average Stock P/E: 54.16)
      • 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: 0.05 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 Prolife Industries 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