PG Electroplast Ltd.

NSE: PGEL BSE: 533581 SECTOR: Consumer Durables - Domestic Appliances  6151   27   1

470.25
-18.70 (-3.82%)
NSE: 22 Oct 03:55 PM

Price Summary

Today's High

₹ 509

Today's Low

₹ 465

52 Week High

₹ 596.5

52 Week Low

₹ 96.5

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

982.35 Cr.

Enterprise Value

1153.44 Cr.

No. of Shares

2.09 Cr.

P/E

47.44

P/B

4.24

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  110.94

CASH

14.96 Cr.

DEBT

186.05 Cr.

Promoter Holding

69.83 %

EPS (TTM)

₹  9.91

Sales Growth

9.98%

ROE

6.33 %

ROCE

9.03%

Profit Growth

344.33 %

* 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 Year9.98%
3 Year20.75%
5 Year21.99%

Profit Growth

1 Year344.33%
3 Year15.78%
5 Year43.55%

ROE%

1 Year6.33%
3 Year4.83%
5 Year4.63%

ROCE %

1 Year9.03%
3 Year7.88%
5 Year7.4%

Debt/Equity

0.9749

Price to Cash Flow

17.24

Interest Cover Ratio

1.82025732542119

CFO/PAT (5 Yr. Avg.)

4.34225073812012

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 69.83 0
Mar 2021 69.83 0
Dec 2020 69.88 0
Sep 2020 69.53 0
Jun 2020 68.2 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 20.7489280031317% for the Past 3 years.
  • Company’s PEG ratio is 0.139281100741604.
  • The company has an efficient Cash Conversion Cycle of 55.2098771300072 days.
  • The company has a good cash flow management; CFO/PAT stands at 4.34225073812012.
  • The company has a high promoter holding of 69.83%.

 Limitations

  • Company has a poor ROE of 4.82544356388669% over the past 3 years.
  • The company is trading at a high PE of 47.44.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 36.85 152.82 183.97 329.57 137.48
Total Expenditure 39.7 139.87 168.62 305.25 128.23
Operating Profit -2.85 12.95 15.35 24.32 9.25
Other Income 0.49 0.58 0.59 0.96 0.56
Interest 4.43 4.58 4.63 4.79 4.21
Depreciation 4.34 4.35 4.55 4.77 4.53
Exceptional Items 0.06 0.17 0.24 -1.29 -0.15
Profit Before Tax -11.08 4.77 7 14.43 0.92
Tax -2.59 1.6 0.5 3.99 0.31
Profit After Tax -8.49 3.17 6.5 10.44 0.6
Adjusted EPS (Rs) -4.35 1.62 3.33 5.3 0.31

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 366.35 399.42 508.35 639.42 703.21
Total Expenditure 345.64 374.86 477.68 604.32 655.15
Operating Profit 20.71 24.56 30.68 35.1 48.06
Other Income 3.13 5.31 3.19 7.28 4.33
Interest 9.9 10.65 10.34 14.75 18.44
Depreciation 10.58 11.74 13.36 16.31 18.01
Exceptional Items 0 0 -0.01 -2.01 -0.82
Profit Before Tax 3.36 7.49 10.16 9.31 15.12
Tax 0 0 0.21 6.69 3.5
Net Profit 3.36 7.49 9.94 2.61 11.62
Adjusted EPS (Rs.) 2.05 4.56 5.33 1.34 5.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 16.41 16.41 18.65 19.53 19.69
Total Reserves 106.75 114.41 150.37 156.7 172.78
Borrowings 48.43 79.58 50.13 69.36 89.84
Other N/C liabilities 1.34 1.37 -1.29 8.42 11.24
Current liabilities 156.2 135.48 192.74 246.12 285.83
Total Liabilities 329.14 347.25 410.6 500.13 579.39
Assets
Net Block 162.25 179.26 192.66 253.78 273.13
Capital WIP 3.21 22.94 33.54 5.49 6.01
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0.17
Loans & Advances 6.17 7.14 2.97 9.13 15.88
Other N/C Assets 0.13 0.15 0.84 1.05 1.17
Current Assets 157.38 137.76 180.6 230.67 283.02
Total Assets 329.14 347.25 410.6 500.13 579.39
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 3.36 7.49 10.16 9.31 15.12
Adjustment 21.16 21.25 27.11 33.58 38.91
Changes in Assets & Liabilities -17.91 13.45 -15.79 -12.98 1.74
Tax Paid -0.62 0.25 -2.47 -2.23 1.21
Operating Cash Flow 5.98 42.43 19 27.67 56.98
Investing Cash Flow -22.98 -49.7 -35.96 -63.01 -43.44
Financing Cash Flow 18.79 6.46 19.12 42.91 -17.43
Net Cash Flow 1.79 -0.81 2.17 7.58 -3.88

Corporate Actions

Investors Details

PARTICULARS Jun 2020% Sep 2020% Dec 2020% Mar 2021% Jun 2021%
Promoters 68.20 69.53 69.88 69.83 69.83
vikas gupta 13.91 13.91 13.91 14.46 13.91
vishal gupta 13.93 13.93 13.93 14.48 13.93
promod gupta 24.21 24.21 24.21 - 2.68
sudesh gupta 0.14 0.14 0.14 24.17 21.67
anurag gupta 11.83 11.83 11.83 12.50 11.83
neelu gupta 2.22 2.22 2.22 2.59 2.22
sarika gupta 0.13 0.13 0.13 0.87 0.13
nitasha gupta 0.15 0.15 0.15 0.76 0.15
PARTICULARS Jun 2020% Sep 2020% Dec 2020% Mar 2021% Jun 2021%
Investors 31.80 30.47 30.12 30.17 30.17
elara india opport... 3.48 2.68 2.68 - -
ashit mehta 1.14 - - - -
preeti aggarwal - - - 1.17 1.17
prabhudas lilladhe... 1.51 - 1.50 - 1.07
il and fs securiti... 1.50 1.28 - - -
sunita sarwankumar... 1.41 1.41 1.41 1.28 1.41
prabhudas lilladhe... - 1.50 - - -
globe capital mark... - - 1.42 - 1.32
charu rathi - - - 1.31 1.11
blue square corpor... - - - 1.36 -
new leaina investm... 1.15 1.15 1.15 - -
aviator global inv... 1.10 1.10 1.10 - -
seema aggarwal - - - - 1.19
lts investment fun... - - - 1.02 -
satpal khattar 0.88 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 informs about updates15 Apr 2021, 10:35AM PG Electroplast starts commercial production for manufacturing of Washing Machines26 Mar 2021, 3:23PM PG Electroplast informs about investor meet20 Mar 2021, 11:15AM PG Electroplast to invest Rs 100 crore to expand Ahmednagar plant19 Mar 2021, 9:12AM PG Electroplast inks pact to acquire industrial land11 Mar 2021, 10:04AM PG Electroplast informs about analyst meet27 Feb 2021, 4:11PM PG Electroplast starts commercial production at Ahmednagar unit30 Jan 2021, 8:54AM PG Electroplast acquires 100% stake in PG Technoplast18 Dec 2020, 9:16AM PG Electroplast planning to raise funds12 Dec 2020, 8:56AM PG Electroplast informs about newspaper publication8 Sep 2020, 3:52PM PG Electroplast informs about resignation of CFO1 Jun 2020, 10:28AM

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 703.2065 Cr. It has increased from the previous year sales of Rs 639.4171 Cr. The sales growth of the company was poor at 9.97617986756998 %.
  • The sales figure can be matched with inventory turnover to check whether it's justifiable or not. The turnover ratio for PG Electroplast is 7.93729795745142 times. PG Electroplast efficiently manages its assets.
  • The PAT growth rate of 344.331828960453 % is good for the company. The net profit compared to the % of sales is known as PAT margin which is 1.65207517279775 %.
  • The growth of EPS should ideally be around the PAT growth rate. For PG Electroplast EPS growth rate is 340.618464296385 % which is nearby the PAT growth rate . The Earning per share for the latest quarter is 0.3067 Rs.
  • Company’s assets have given an average return of 1.78345827078494 % for the 3 years and equity gave an average return of 4.82544356388669 % for the 3 years.
  • PG Electroplast has a Debt to equity ratio of 0.9749 which is an indicative measure of financial risk when compared to its peers.
Brief about PG Electroplast

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