Is Precision Wires India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Precision Wires India Ltd is a good quality company .

Is Precision Wires India undervalued or overvalued?

The key valuation ratios of Precision Wires India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Precision Wires India share price return in the past 10 years?

Precision Wires India Ltd share price has appreciated 37.6% annually (CAGR) over the past ten years.

Is Precision Wires India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Precision Wires India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Precision Wires India?

The latest standalone P/E ratio of Precision Wires India as of 26-Apr-2024 is 38.30.

What is the P/B ratio of Precision Wires India?

The latest standalone P/B ratio of Precision Wires India as of 26-Apr-2024 is 4.94.

What is the 52-week high and low of Precision Wires India?

The 52-week high of Precision Wires India is Rs. 155.55 and the 52-week low is Rs. 71.20.

Precision Wires India Ltd - Stock Valuation and Financial Performance

Name: Precision Wires India
Brand: Precision Wires India

BSE: 523539 | NSE: PRECWIRE | Cable | Small Cap

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Precision Wire India Share Price

₹139.25 1.50 1.09%
as on 26-Apr'24 10:30

10 Year X-Ray of Precision Wire India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	10.5%	8.6%	11%	12.3%	18.1%	19%	14.3%	14.8%	21.5%	17.3%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.2	-0.1	0.3	0.4	0.0	0.1	0.5	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	982	881	843	884	1,408	1,758	1,526	1,719	2,683	3,034	3,216
Sales YoY Gr.	-	-10.3%	-4.2%	4.8%	59.2%	24.9%	-13.2%	12.6%	56.1%	13.1%	-
Adj EPS ⓘ	0.7	0.6	1	1.3	2.1	2.4	1.7	2.2	3.5	2.9	3.6
YoY Gr.	-	-15.1%	54.8%	36.5%	61.1%	13.3%	-27.2%	24.1%	61.6%	-18.3%	-
BVPS (₹) ⓘ	11.7	10.8	11.2	12.3	13.6	15.3	16.3	18.2	21	25.2	27.7
Adj Net Profit ⓘ	12.6	10.8	16.7	22.7	36.6	41.4	30.3	37.4	60.6	50.9	64
Cash Flow from Ops. ⓘ	6	32.2	44.7	13.1	95	58.9	48.3	61.4	42.6	76.7	-
Debt/CF from Ops. ⓘ	8.9	1.2	0.6	2.9	0.4	0.5	0.6	0.4	0.5	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.4%	16.6%	25.7%	13.1%
Adj EPS ⓘ	16.3%	6.2%	17.9%	-18.3%
BVPSⓘ	8.9%	13.1%	15.7%	19.8%
Share Price	37.6%	38.7%	79%	84.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	6.2	5.5	8.7	11.2	16.3	16.5	11	12.5	17.8	12.5	13.5
Op. Profit Mgn % ⓘ	5.5	5.5	6.1	6.1	6.1	5.3	4.8	4.5	4.4	3.5	4.4
Net Profit Mgn % ⓘ	1.3	1.2	2	2.6	2.6	2.4	2	2.2	2.3	1.7	2
Debt to Equity ⓘ	0.3	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0	-
Working Cap Days ⓘ	100	95	93	97	73	69	81	87	75	71	44
Cash Conv. Cycle ⓘ	27	34	38	42	20	11	20	17	10	13	19

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.74%

Net Profit is growing at healthy rate in last 3 years 17.88%

Return on Equity has declined versus last 3 years average to 13.50%

Sales growth is not so good in last 4 quarters at 8.24%

Latest Financials - Precision Wires India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.6	1
TTM Sales (₹ Cr.)	3,216	843
BVPS (₹.) ⓘ	27.7	0
Reserves (₹ Cr.) ⓘ	477	183
P/BV ⓘ	4.94	0.00
PE ⓘ	38.30	144.25

From the Market
52 Week Low / High (₹)	71.20 / 155.55
All Time Low / High (₹)	0.52 / 155.55
Market Cap (₹ Cr.)	2,444
Equity (₹ Cr.)	17.9
Face Value (₹)	1
Industry PE ⓘ	50.7

Management X-Ray of Precision Wire India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Precision Wire India

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Precision Wire India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	982	881	843	884	1,408	1,758	1,526	1,719	2,683	3,034
Operating Expenses ⓘ	928	833	792	830	1,323	1,665	1,453	1,641	2,566	2,927
Manufacturing Costs	42	46	48	51	51	59	57	54	63	86
Material Costs	857	757	712	743	1,231	1,564	1,353	1,546	2,449	2,785
Employee Cost	14	16	17	20	23	26	27	27	34	35
Other Costs ⓘ	14	15	15	16	18	17	16	14	20	21
Operating Profit ⓘ	54	47	51	54	85	93	73	78	117	106
Operating Profit Margin (%)	5.5%	5.4%	6.1%	6.1%	6.1%	5.3%	4.8%	4.5%	4.4%	3.5%
Other Income ⓘ	5	3	2	3	2	2	4	5	7	22
Interest ⓘ	24	14	11	9	15	18	19	15	25	33
Depreciation ⓘ	12	20	16	14	14	13	16	16	15	14
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	23	17	27	33	58	65	42	52	84	81
Tax ⓘ	9	7	10	11	22	23	10	12	21	22
Profit After Tax	14	10	17	23	36	42	32	39	63	59
PAT Margin (%)	1.5%	1.1%	2.0%	2.5%	2.6%	2.4%	2.1%	2.3%	2.3%	2.0%
Adjusted EPS (₹)	0.8	0.6	1.0	1.3	2.1	2.4	1.8	2.3	3.6	3.3
Dividend Payout Ratio (%)	80%	63%	44%	36%	29%	25%	18%	29%	24%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	203	187	195	213	237	265	283	316	365	450
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	18
Reserves ⓘ	192	175	183	201	225	254	271	304	353	432
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	49	35	28	38	33	28	27	17	18	13
Long Term Debt	3	0	0	0	0	16	12	7	3	13
Short Term Debt	46	35	28	38	33	11	15	10	15	0
Trade Payables	142	108	107	125	240	267	203	423	468	432
Others Liabilities ⓘ	41	29	27	28	19	29	31	29	28	33
Total Liabilities ⓘ	435	358	357	403	529	590	544	786	879	928
Fixed Assets
Gross Block	245	252	261	277	288	334	352	347	350	371
Accumulated Depreciation	118	165	181	196	209	221	237	237	250	255
Net Fixed Assetsⓘ	127	87	80	82	79	113	115	110	99	116
CWIP ⓘ	3	3	12	5	10	10	4	2	6	10
Investmentsⓘ	0	0	2	1	1	1	1	28	9	5
Inventories	75	95	97	107	108	123	107	166	222	227
Trade Receivables	186	138	135	181	254	295	269	440	477	459
Cash Equivalents	27	18	17	15	61	34	38	33	46	79
Others Assetsⓘ	18	17	13	11	15	12	9	7	20	31
Total Assets ⓘ	435	358	357	403	529	590	544	786	879	928

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	6	32	45	13	95	59	48	61	43	77
PBT ⓘ	23	17	27	33	58	65	42	52	84	81
Adjustment ⓘ	16	33	28	23	29	30	36	32	43	46
Changes in Working Capital ⓘ	-27	-11	0	-33	29	-13	-17	-13	-66	-32
Tax Paid ⓘ	-7	-6	-10	-11	-21	-23	-13	-8	-19	-18
Cash Flow From Investing Activity ⓘ	37	-5	-19	-9	-17	-47	-13	-35	8	-28
Capex	-5	-8	-18	-9	-17	-47	-12	-9	-10	-34
Net Investments	20	0	-2	0	0	0	0	-26	19	7
Others ⓘ	23	3	1	0	0	0	-1	-1	-1	-1
Cash Flow From Financing Activityⓘ	-57	-36	-27	-6	-31	-40	-31	-31	-38	-15
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	38
Net Proceeds from Borrowing ⓘ	-5	-3	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-14	-11	-9	-15	-17	-19	-15	-24	-33
Dividend Paid ⓘ	-13	-7	-9	-7	-12	-13	-14	-7	-14	-14
Others ⓘ	-36	-12	-7	10	-4	-10	2	-9	1	-6
Net Cash Flow ⓘ	-13	-8	-1	-2	46	-27	4	-5	12	33

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	7.13	5.18	8.92	11.06	16.02	16.67	11.61	13.13	18.51	14.6
ROCE (%)	16.88	12.89	16.87	17.99	28.16	29.12	19.94	20.5	30.09	26.75
Asset Turnover Ratio	2.31	2.57	2.72	2.7	3.65	3.8	3.25	3.14	3.91	4.07
PAT to CFO Conversion(x)	0.43	3.2	2.65	0.57	2.64	1.4	1.5	1.56	0.68	1.31
Working Capital Days
Receivable Days	62	58	51	56	47	47	56	62	51	46
Inventory Days	28	31	36	36	23	20	23	24	22	22
Payable Days	68	60	55	57	54	59	63	74	66	59

Precision Wires India Ltd Stock News

Precision Wires India Ltd FAQs

What is the share price of Precision Wire India?

Company share prices are keep on changing according to the market conditions. The closing price of Precision Wire India on 26-Apr-2024 10:30 is ₹139.2.

What is the market cap of Precision Wire India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Apr-2024 10:30 the market cap of Precision Wire India stood at ₹2,444.

What is the P/E ratio of Precision Wire India?

The latest P/E ratio of Precision Wire India as of 26-Apr-2024 10:30 is 38.30.

What is the P/B ratio of Precision Wire India?

The latest P/B ratio of Precision Wire India as of 26-Apr-2024 10:30 is 4.94.

What is the 52-week high and low of Precision Wire India?

The 52-week high of Precision Wire India is ₹155.6 and the 52-week low is ₹71.20.

What is the TTM revenue of Precision Wire India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Precision Wire India is ₹3,216 ( Cr.) .

About Precision Wires India Ltd

Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mahendra Mehta, Deepak Mehta and Milan Mehta.

Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in India. Our products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors. These are widely used by the electrical and electronics industry across the globe. PWIL offers its customers a wide variety of wires and conductors, ranging from fine wire to conductors for large transformers.

The current installed capacity of the company is over 25,000 metric tonnes/annum. This capacity is further being increased with several expansion projects in the pipeline. PWIL has three manufacturing facilities located at Silvassa, Dadra Nagar Haveli and Palej, Gujarat

Rigorous quality measures and controls have ensured the popularity of PWILâ€™s wires. Precision Wires is an ISO 9001:2000 certified company. These quality controls have helped ensure that over the years, PWIL wires have been synonymous with the best in quality and durability

In recent years, PWIL has been increasingly targeting overseas markets. In the last fiscal year, exports accounted for over 15% of our sales volume.

Product range of the company includes:

Enamelled Round Winding Wires- PWIL today manufactures a wide range of Enamelled Round Winding Wires for use in electrical machines such as motors, generators, transformers, house hold appliances, auto-electricals, electrical hand tools, refrigeration (hermetic) motors, fans, switchgears, coils and relays, ballasts and etc.
Rectangular Winding Wires- Enamelled, taped and CTC

Achievements/ recognition:

IS, IEC, NEMA, JIS standards for winding wires
Their plants are certified for Quality Management System ISO 9001:2000/ISO TS 16949:2002
The company's several products are UL approved.