Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 544330 | NSE: | Metal - Non Ferrous |
Past 10 year's financial track record analysis by Moneyworks4me indicates that Parmeshwar Metal Ltd is a average quality company.
The key valuation ratios of Parmeshwar Metal Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Parmeshwar Metal Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 26.4% | 35.6% | 33.4% | 23.6% | - |
| Value Creation Index ⓘ | 0.9 | 1.5 | 1.4 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 538 | 902 | 972 | 1,100 | 1,100 |
| Sales YoY Gr. | - | 67.6% | 7.8% | 13.2% | - |
| Adj EPS ⓘ | 0.4 | 0.6 | 0.8 | 5.2 | 4.7 |
| YoY Gr. | - | 69.4% | 26.2% | 572.7% | - |
| BVPS (₹) ⓘ | 1.3 | 1.9 | 2.7 | 33.1 | 42.9 |
| Adj Net Profit ⓘ | 4.1 | 6.8 | 8.7 | 5.8 | 7 |
| Cash Flow from Ops. ⓘ | 7.3 | 4.7 | -2.3 | 1.3 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 3 | -7.4 | 17 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 26.9% | 13.2% | ||||
| Adj EPS ⓘ | NA | NA | 143.2% | 572.7% | ||||
| BVPSⓘ | NA | NA | 196.4% | 1138.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 26.6 | 37.6 | 34 | 17.4 | 12.4 |
| Op. Profit Mgn % ⓘ | 1.4 | 1.3 | 1.4 | 1 | NAN |
| Net Profit Mgn % ⓘ | 0.8 | 0.8 | 0.9 | 0.5 | 0.7 |
| Debt to Equity ⓘ | 0.8 | 0.7 | 0.6 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 10 | 13 | 16 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 8 | 9 | 10 | 0 |
Sales growth is growing at healthy rate in last 3 years 26.91%
Net Profit is growing at healthy rate in last 3 years 143.23%
Debt to equity has declined versus last 3 years average to 0.59
Return on Equity has declined versus last 3 years average to 12.40%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | - |
| TTM Sales (₹ Cr.) | 1,100 | - |
| BVPS (₹.) ⓘ | 42.9 | - |
| Reserves (₹ Cr.) ⓘ | 50 | - |
| P/BV ⓘ | 1.52 | - |
| PE ⓘ | 13.80 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 47.84 / 88.72 |
| All Time Low / High (₹) | 47.84 / 88.72 |
| Market Cap (₹ Cr.) | 99.6 |
| Equity (₹ Cr.) | 15.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 15.7 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 538 | 902 | 972 | 1,100 |
| Operating Expenses ⓘ | 531 | 891 | 958 | 1,089 |
| Manufacturing Costs | 7 | 13 | 15 | 19 |
| Material Costs | 520 | 873 | 939 | 1,065 |
| Employee Cost | 2 | 2 | 2 | 2 |
| Other Costs ⓘ | 1 | 3 | 3 | 2 |
| Operating Profit ⓘ | 8 | 12 | 14 | 11 |
| Operating Profit Margin (%) | 1.4% | 1.3% | 1.4% | 1.0% |
| Other Income ⓘ | 0 | 0 | 1 | 2 |
| Interest ⓘ | 2 | 2 | 2 | 3 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 9 | 12 | 10 |
| Tax ⓘ | 1 | 3 | 3 | 3 |
| Profit After Tax | 4 | 7 | 9 | 7 |
| PAT Margin (%) | 0.8% | 0.8% | 0.9% | 0.7% |
| Adjusted EPS (₹) | 0.4 | 0.6 | 0.8 | 6.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 15 | 21 | 30 | 37 | ||||||
| Share Capital ⓘ | 9 | 8 | 8 | 8 | ||||||
| Reserves ⓘ | 7 | 14 | 22 | 30 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 11 | 14 | 17 | 22 | ||||||
| Long Term Debt | 11 | 10 | 10 | 4 | ||||||
| Short Term Debt | 0 | 4 | 7 | 18 | ||||||
| Trade Payables | 3 | 1 | 3 | 7 | ||||||
| Others Liabilities ⓘ | 4 | 5 | 4 | 4 | ||||||
| Total Liabilities ⓘ | 33 | 41 | 54 | 70 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 11 | 12 | 14 | 16 | ||||||
| Accumulated Depreciation | 2 | 2 | 3 | 4 | ||||||
| Net Fixed Assetsⓘ | 9 | 10 | 11 | 12 | ||||||
| CWIP ⓘ | 1 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 2 | 1 | 2 | ||||||
| Inventories | 5 | 6 | 10 | 20 | ||||||
| Trade Receivables | 15 | 16 | 21 | 21 | ||||||
| Cash Equivalents | 1 | 3 | 0 | 2 | ||||||
| Others Assetsⓘ | 2 | 4 | 10 | 13 | ||||||
| Total Assets ⓘ | 33 | 41 | 54 | 70 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | 5 | -2 | 1 |
| PBT ⓘ | 5 | 9 | 12 | 10 |
| Adjustment ⓘ | 2 | 2 | 3 | 3 |
| Changes in Working Capital ⓘ | -0 | -6 | -14 | -9 |
| Tax Paid ⓘ | 0 | -1 | -2 | -3 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -2 | -2 |
| Capex | -2 | -1 | -2 | -1 |
| Net Investments | 0 | -1 | 0 | 0 |
| Others ⓘ | 0 | -1 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | -1 | 1 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | -1 | 0 | -6 |
| Interest Paid ⓘ | -2 | -2 | -2 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2 | 3 | 11 |
| Net Cash Flow ⓘ | 1 | 2 | -3 | 2 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.5 | 38.76 | 34.83 | 21.49 | ||||||
| ROCE (%) | 26.36 | 35.56 | 33.42 | 23.64 | ||||||
| Asset Turnover Ratio | 16.09 | 24.19 | 20.41 | 17.71 | ||||||
| PAT to CFO Conversion(x) | 1.75 | 0.71 | -0.22 | 0.14 | Working Capital Days | |||||
| Receivable Days | 10 | 6 | 7 | 7 | ||||||
| Inventory Days | 3 | 2 | 3 | 5 | ||||||
| Payable Days | 2 | 1 | 1 | 2 | ||||||
Parmeshwar Metal Limited was originally incorporated as ‘Parmeshwar Metal Private Limited’ as a private limited company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 04, 2016 issued by Central Registration Centre. Subsequently, the company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra Ordinary General Meeting of the company held on December 28, 2023 and consequently the name of the company was changed to ‘Parmeshwar Metal Limited’ pursuant to fresh certificate of incorporation dated January 04, 2024 issued to the company by the Registrar of Companies, Ahmedabad.
The company is ISO 9001:2015 certified company, engaged in the business of manufacturing of copper wire and copper wire rods by recycling of copper scrap. It manufactures copper wire and copper wire rods that are ideally suited for a wide array of applications. These applications include power cables, building wires, transformers, the automotive industry, household cables as well as bare and enameled wires. Its object is to create consistent value for its customer by delivering good quality products and best services at optimum cost through continue improvement, maintaining integrity and excellence in all the aspects of its operations.
The company’s product portfolio offers copper wire and copper wire rods and each available tailored made to meet customer specifications. At its manufacturing facility, it has an in-house testing lab, for testing its raw materials and finished products to match the quality standards as specified and required by its customers. It strives to meet the health and safety standards in its manufacturing process by providing safety tools like fire safety helmets, shoes, hand gloves, face visor, welding black goggles etc. Copper is one of the most recycled metals of all the metals. The recycling of copper scrap is gaining importance worldwide simply because of the fact that recovery of copper metal from scrap requires much less energy than its recovery made from primary source. Besides, it enables conservation of natural resources.
These industries require usage of various machines such as Chimney, Compressed Air Dryer, Baling Press, Melting Furnace, Weighbridge and Scale, Oxygen Analyzers, DG Set, and Rolling Mill etc. The company is managed by its Promoters, having combined experience of more than 30 years in metal industry and they are responsible for quality control, process improvement, Operations & Management, Human Resource & administration. Also, its promoters are responsible for financial aspects of the company along with marketing, vendor management, business planning and development. Their understanding of the consumer difficulty, intuitive entrepreneurship and involvement in key aspects of its business has helped accelerate and drive its profitable growth. The sector-specific experience and expertise of the company’s promoters has contributed significantly in the growth of the company. The vision of the company is to manufacture and supply quality products and meet the customers need.
Business area of the company
The company is engaged in the business of manufacturing of copper wire and copper wire rods by recycling of copper scrap.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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