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GMM Pfaudler Ltd Stock Analysis

Mid Cap
Evaluated by 1074 users | BSE: 505255 | NSE: GMMPFAUDLR |
Engineering - Industrial Equipments

GMM Pfaudler was established in 1962 as Gujarat Machinery Manufacturers and listed on the Bombay Stock exchange. In 1987 Pfaudler Inc., USA the world leader in Glass Lined equipment subscribed to 40% equity to form a joint venture. Pfaudler Inc. further...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GMM Pfaudler Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 11.93%9.02%7.04%14.39%14.1%13.44%16.59%18.95%19.43%23.37%
Value Creation Index 0.04-0.22-0.390.250.230.170.440.650.691.03
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 195252213279308292353406503591
Y-o-Y Gr. Rt.-29.5%-15.7%31%10.3%-5.1%20.9%14.9%23.9%17.6%
Adjusted EPS (Rs.) 7.856.335.2812.2113.7114.2620.0326.8332.4448.13
Y-o-Y Gr. Rt.--19.4%-16.6%131.3%12.3%4%40.5%34%20.9%48.4%
Book Value per Share (Rs.) 71.5278.2681.6295.08102.93114.15132.62155.83184.01234.64
Adjusted Net Profit 11.59.37.717.92020.929.339.247.470.4
Net Op. Cash Flow (Rs. Cr.) 2831.924.56.430.124.722.567.72726.7
Debt to Cash Flow from Ops 0.16000000000.42
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
GMM Pfaudler Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.1%14%18.7%17.6%
Adjusted EPS 22.3%28.6%33.9%48.4%
Book Value per Share 14.117.92127.5
Share Price 53.3% 73.6% 71.5% 16.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 11.578.466.613.8213.8513.1416.2418.6119.0923
Operating Profit Margin (%) 8.797.177.2911.9311.912.5313.4615.315.3118.98
Net Profit Margin (%) 5.893.673.626.46.517.148.39.679.4311.9
Debt to Equity 0.04000000000.03
Working Capital Days 191148162149149150165197180183
Cash Conversion Cycle 1229610396918778686269
Entity Percentage Holding
Promoters 54.95%
Institutions 15.43%
Non-Institutions 29.62%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of GMM Pfaudler Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that GMM Pfaudler Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of GMM Pfaudler Ltd's performance infers:

GMM Pfaudler Ltd earnings have grown by 28.6%, whereas share price has appreciated 73.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of GMM Pfaudler Ltd share prices over the last 10 years. Here is what we found out:

GMM Pfaudler Ltd share price has appreciated 44.6% annually over the past ten years.

GMM Pfaudler was established in 1962 as Gujarat Machinery Manufacturers and listed on the Bombay Stock exchange. In 1987 Pfaudler Inc., USA the world leader in Glass Lined equipment subscribed to 40% equity to form a joint venture. Pfaudler Inc. further increased their stake to 51% in 1999 and the name of the company was changed to GMM Pfaudler Ltd.

With over five decades of manufacturing experience, GMM Pfaudler is

GMM Pfaudler was established in 1962 as Gujarat Machinery Manufacturers and listed on the Bombay Stock exchange. In 1987 Pfaudler Inc., USA the world leader in Glass Lined equipment subscribed to 40% equity to form a joint venture. Pfaudler Inc. further increased their stake to 51% in 1999 and the name of the company was changed to GMM Pfaudler Ltd.

With over five decades of manufacturing experience, GMM Pfaudler is a well-established and financially stable company. With a market share of more than 50% in Glass Lined equipment, GMM Pfaudler is the market leader in India.

Over the years GMM Pfaudler has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Tailor Made Process Equipment.

In 2008, GMM Pfaudler acquired Mavag AG, Switzerland. Mavag supplies highly engineered equipment for critical Filtration, Drying and Mixing applications to the Pharmaceutical and Biotech industries. For more information about Mavag AG please visit: www.mavag.com

In 2015, Deutsche Beteiligungs AG (DBAG) a leading German private equity company acquired Pfaudler Inc., USA. For more information about DBAG please visit: www.dbag.de

A truly world class organization, GMM Pfaudler is an ISO 9001 company. The company has been accredited by ASME for the manufacture and repair of pressure vessels under ‘U’ Stamp, 'U2' Stamp and ‘R’ Stamp, by TUV Nord for the manufacture of pressure vessels under CE 0045 (PED 2014/68/EU, Module H/H1) and AD 2000-Merkblatt HP0.

It has also been approved by Special Equipment Licensing Office (SELO) for the supply of pressure vessels to the People’s Republic of China and by Korean Gas Safety Corporation (KGS) for the supply of pressure vessels to the Republic of Korea. Its welding workshop has been verified and recognized based on the requirements of the standard DIN EN ISO 3834-2 (EN 729-2) by TUV Nord.

Business area of the company

The company is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.

Products

  • Glass Lined Equipment
  • Filtration and Drying
  • Mixing System
  • Engineered System
  • Heavy Engineering
  • Acid Recovery

Accreditations

  • ISO 14001
  • ISO 45001
  • ISO 9001
  • U STAMP
  • U2 STAMP
  • R STAMP
  • NB STAMP
  • PED
  • AD2000-MERKBLATT HP0
  • DIN EN ISO3834-2
  • CHINA SELO
  • KOREAN CERTIFICATE
  • IBR-1950
  • ECOVADIS RATING CERTIFICATE

Milestones

  • 1963: Established in 1963 as Gujarat Machinery Manufacturers Listed on the Bombay Stock Exchange (BSE)
  • 1987: Pfaudler Inc. acquires 40% stake in the Company for a Joint Venture
  • 1999: Pfaudler increased its equity stake to 51% and the Company is renamed as GMM Pfaudler Ltd
  • 2008: Acquired MAVAG AG, Switzerland, in January 2008
  • 2012: Became a part of National Oilwell Varco group post acquisition of Pfaudler’s parent, Robbins & Myers Inc.
  • 2014: Became a part of Deutsche Beteiligungs AG, a private Equity company based out of Germany post acquisition of Pfaudler’s stake from National Oilwell Varco
  • 2018: Crossed Consolidated revenue of Rs 4,000 Million Crossed market capitalization of Rs 10,000 Million Listed on National Stock Exchange (NSE)
  • 2019: Crossed Consolidated revenue of Rs 5,000 Million Acquired Industrial Mixing Solutions Division of
    Sudarshan Chemical Industries Ltd., Pune in April 2019
  • 2020: Ranked at 305 on BSE and 300 on NSE as per market capitalization as on March 31, 2020 Acquired manufacturing facility from De Dietrich Process Systems India Pvt. Ltd at Hyderabad in July 2020
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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