PG Electroplast Ltd.

NSE: PGEL BSE: 533581 SECTOR: Consumer Durables - Domestic Appliances  18k   42   6

1058.05
-7.20 (-0.68%)
NSE: Today, 03:57 PM

Price Summary

Today's High

₹ 1100

Today's Low

₹ 1033

52 Week High

₹ 1229.9

52 Week Low

₹ 556.8

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2406.28 Cr.

Enterprise Value

2641.41 Cr.

No. of Shares

2.27 Cr.

P/E

44.85

P/B

6.3

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  168.08

CASH

28.74 Cr.

DEBT

263.87 Cr.

Promoter Holding

61.33 %

EPS (TTM)

₹  23.59

Sales Growth

45.33%

ROE

13.28 %

ROCE

13.23%

Profit Growth

183.78 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year45.33%
3 Year26.21%
5 Year22.77%

Profit Growth

1 Year183.78%
3 Year49.12%
5 Year57.87%

ROE%

1 Year13.28%
3 Year7.04%
5 Year6.73%

ROCE %

1 Year13.23%
3 Year9.85%
5 Year8.85%

Debt/Equity

0.8635

Price to Cash Flow

-63.1

Interest Cover Ratio

3.27775860626595

CFO/PAT (5 Yr. Avg.)

1.67532551932227

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 61.33 0
Sep 2022 65.24 0
Jun 2022 65.71 0
Mar 2022 65.71 0
Dec 2021 65.71 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 49.118626503773% for the Past 3 years.
  • The company has shown a good revenue growth of 26.2075489501815% for the Past 3 years.
  • Company’s PEG ratio is 0.274649506977195.
  • The company has an efficient Cash Conversion Cycle of 54.3991013999277 days.
  • The company has a high promoter holding of 61.33%.

 Limitations

  • Company has a poor ROE of 7.04228459441108% over the past 3 years.
  • Company has contingent liabilities of 181.5186 Cr.
  • Company has negative cash flow from operations of -38.1345.
  • The company is trading at a high PE of 44.85.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 199.31 267.57 417.59 413.07 330.62
Total Expenditure 185.99 251.84 393.32 394.37 306.29
Operating Profit 13.32 15.73 24.26 18.7 24.33
Other Income 1 0.81 17.24 2.46 8.65
Interest 4.36 4.59 5.97 5.28 4.98
Depreciation 4.71 5 5.32 5.07 5.07
Exceptional Items 0.18 0.69 -0.63 0 0
Profit Before Tax 5.42 7.64 29.59 10.81 22.93
Tax 0.78 1.32 8.19 2.39 5.42
Profit After Tax 4.65 6.33 21.39 8.42 17.51
Adjusted EPS (Rs) 2.22 2.98 10.08 3.97 8.19

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 399.42 508.35 639.42 703.21 1021.94
Total Expenditure 374.86 477.68 604.32 655.15 963.35
Operating Profit 24.56 30.68 35.1 48.06 58.59
Other Income 5.31 3.19 7.28 4.33 23.58
Interest 10.65 10.34 14.75 18.44 19.13
Depreciation 11.74 13.36 16.31 18.01 19.57
Exceptional Items 0 -0.01 -2.01 -0.82 0.09
Profit Before Tax 7.49 10.16 9.31 15.12 43.56
Tax 0 0.21 6.69 3.5 10.6
Net Profit 7.49 9.94 2.61 11.62 32.97
Adjusted EPS (Rs.) 4.56 5.33 1.34 5.9 15.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 16.41 18.65 19.53 19.69 21.22
Total Reserves 114.41 150.37 156.7 172.78 286.8
Borrowings 79.58 50.13 69.36 87.09 89.83
Other N/C liabilities 1.37 -1.29 8.42 13.5 21.74
Current liabilities 135.48 192.74 246.12 286.33 403.61
Total Liabilities 347.25 410.6 500.13 579.39 823.2
Assets
Net Block 179.26 192.66 253.78 273.13 274.32
Capital WIP 22.94 33.54 5.49 6.01 1.07
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0.17 75.89
Loans & Advances 7.14 2.97 9.13 15.88 5.83
Other N/C Assets 0.15 0.84 1.05 1.17 1.72
Current Assets 137.76 180.6 230.67 283.02 464.37
Total Assets 347.25 410.6 500.13 579.39 823.2
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 7.49 10.16 9.31 15.12 43.56
Adjustment 21.25 27.11 33.58 38.95 41.74
Changes in Assets & Liabilities 13.45 -15.79 -12.98 2.02 -121.07
Tax Paid 0.25 -2.47 -2.23 1.21 -2.37
Operating Cash Flow 42.43 19 27.67 57.3 -38.13
Investing Cash Flow -49.7 -35.96 -63.01 -43.76 -94.77
Financing Cash Flow 6.46 19.12 42.91 -17.43 139.49
Net Cash Flow -0.81 2.17 7.58 -3.88 6.58

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 65.71 65.71 65.71 65.24 61.33
vikas gupta 23.90 23.90 23.73 22.31 13.91
vishal gupta 23.80 23.80 23.63 22.21 13.93
promod gupta - - - - 2.68
sudesh gupta - - - - 21.67
anurag gupta 14.09 14.09 13.99 13.15 11.83
neelu gupta 2.41 2.41 2.39 2.25 2.22
sarika gupta 0.81 0.81 0.80 0.75 0.13
nitasha gupta 0.70 0.70 0.70 0.65 0.15
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 34.29 34.29 34.29 34.76 38.67
baring private equ... - - - 4.42 -
elara india opport... - - - - -
preeti aggarwal - - - - 1.17
prabhudas lilladhe... - - - - 1.07
sunita sarwankumar... 1.20 1.18 1.14 - 1.41
pinebridge global ... - - 1.45 1.05 -
globe capital mark... - - - - 1.32
charu rathi - - - - 1.11
blue square corpor... - - - - -
new leaina investm... - - - - -
aviator global inv... - - - - -
seema aggarwal - - - - 1.19
mahesh dinkar vaze - 1.16 1.15 1.08 -
famy care private ... - - - 1.07 -
lts investment fun... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

PG Electroplast informs about certificate18 Jan 2023, 1:08PM PG Electroplast informs about TV interview31 Dec 2022, 2:36PM PG Electroplast informs about TV interview5 Dec 2022, 12:19PM Pg Electroplast informs about RPT disclosure25 Nov 2022, 4:36PM PG Electroplast - Quaterly Results14 Nov 2022, 4:53PM PG Electroplast - Quaterly Results14 Nov 2022, 4:53PM PG Electroplast informs about earnings conference call 10 Nov 2022, 10:26AM PG Electroplast informs about TV interview12 Oct 2022, 12:33PM PG Electroplast informs about TV interview11 Oct 2022, 10:21AM PG Electroplast acquires 15.18% stake in Solarstream Renewable Services5 Sep 2022, 9:24AM PG Electroplast - Quaterly Results12 Aug 2022, 1:19PM PG Electroplast - Quaterly Results12 Aug 2022, 1:19PM PG Electroplast - Quaterly Results12 Aug 2022, 1:19PM PG Electroplast - Quaterly Results28 May 2022, 5:55PM PG Electroplast - Quaterly Results28 May 2022, 5:55PM PG Electroplast’s arm collaborates with MIDC24 May 2022, 1:00PM PG Electroplast informs about press release24 May 2022, 12:15PM PG Electroplast’s arm inaugurates flagship AC manufacturing facility in Ahmednagar17 May 2022, 3:34PM Pg Electroplast informs about acquisition updates4 May 2022, 4:18PM PG Electroplast inks pact to acquire additional 5.1% stake in Solarstream Renewable Services4 May 2022, 2:53PM PG Electroplast informs about investors meet21 Mar 2022, 12:33PM PG Electroplast - Quaterly Results14 Feb 2022, 3:56PM PG Electroplast - Quaterly Results14 Feb 2022, 3:56PM PG Electroplast - Quaterly Results14 Feb 2022, 3:56PM PG Electroplast to acquire 10.1% stake in Solarstream Renewable Services7 Feb 2022, 10:23AM PG Electroplast informs about certificate19 Jan 2022, 11:24AM PG Electroplast informs about trading window closure3 Jan 2022, 1:44PM PG Electroplast starts LED TV manufacturing for two customers29 Dec 2021, 2:09PM PG Electroplast informs about analyst meet4 Dec 2021, 12:47PM PG Electroplast informs about analyst meet2 Dec 2021, 12:45PM PG Electroplast - Quaterly Results13 Nov 2021, 5:22PM PG Electroplast’s arm gets nod under PLI Scheme for white goods8 Nov 2021, 5:17PM Pg Electroplast informs about analyst meet8 Nov 2021, 2:27PM PG Electroplast informs about analyst meet8 Nov 2021, 9:49AM PG Electroplast informs about compliance certificate16 Oct 2021, 11:31AM PG Electroplast commits Rs 300 crore capex over next 5 years 24 Sep 2021, 10:14AM PG Electroplast informs about disclosure22 Sep 2021, 4:14PM PG Electroplast informs about compliance certificate20 Jul 2021, 12:43PM PG Electroplast lines up Rs 100 crore investment for FY22 28 Jun 2021, 10:57AM PG Electroplast incorporates Wholly Owned Subsidiary 24 Jun 2021, 10:33AM PG Electroplast informs about interview of the MD8 Jun 2021, 12:09PM PG Electroplast informs about investor presentation8 Jun 2021, 12:02PM PG Electroplast informs about outcome of board meeting5 Jun 2021, 3:58PM PG Electroplast informs about analyst meet2 Jun 2021, 2:54PM PG Electroplast to raise Rs 76.6 crore to fund capacity expansion at Pune air conditioning plant26 May 2021, 9:08AM PG Electroplast planning to raise funds 21 May 2021, 9:59AM PG Electroplast temporarily suspends manufacturing of Air-Conditioners at Maharashtra unit17 May 2021, 10:31AM PG Electroplast informs about updates 17 May 2021, 9:48AM PG Electroplast informs about disclosure6 May 2021, 12:58PM PG Electroplast's manufacturing units impacted due to Covid19 restrictions16 Apr 2021, 12:13PM

PG Electroplast Stock Price Analysis and Quick Research Report. Is PG Electroplast an attractive stock to invest in?

 

The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.

The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.

PG Electroplast is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company:

  • The net sales of the company is Rs 1021.9377 Cr. It has increased from the previous year sales of Rs 703.2065 Cr. The sales growth of the company was outstanding at 45.3254058374034 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for PG Electroplast is 6.90401882979881 times. PG Electroplast efficiently manages its assets.
  • The PAT growth rate of 183.777921239509 % is good for the company. The net profit compared to the % of sales is known as PAT margin which is 3.22601857236503 %.
  • The growth of EPS should ideally be around the PAT growth rate. For PG Electroplast EPS growth rate is 163.310730632311 % which is nearby the PAT growth rate . The Earning per share for the latest quarter is 8.1902 Rs.
  • Company’s assets have given an average return of 2.47585104938632 % for the 3 years and equity gave an average return of 7.04228459441108 % for the 3 years.
  • PG Electroplast has a Debt to equity ratio of 0.8635 which is an indicative measure of financial risk when compared to its peers.
Brief about PG Electroplast

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