Pritika Engineering Components Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: PRITIKA | Auto Ancillary | Small Cap

BSE Share Price
Not Listed

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Pritika Engineering Components stock performance -

mw4me loader
P/E Ratio (SA):
23.10
Market Cap:
81.7 Cr.
52-wk low:
0
52-wk high:
0

Is Pritika Engineering Components Ltd an attractive stock to invest in?

1. Is Pritika Engineering Components Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pritika Engineering Components Ltd is a below average quality company.

2. Is Pritika Engineering Components Ltd undervalued or overvalued?

The key valuation ratios of Pritika Engineering Components Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Pritika Engineering Components Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pritika Engineering Components Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Pritika Engg. Compnt:

Analysis of Financial Track Record

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

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.
Pritika Engineering Components Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.5%4.7%5.4%5.7%11.7%12.4%-
Value Creation
Index
-1.0-0.7-0.6-0.6-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 016.521.732.153.682.382
Sales YoY Gr.-NA31.7%47.9%67.2%53.6%-
Adj EPS -0.20.20.30.53.83.32.7
YoY Gr.-NA86.7%78.6%666%-15.1%-
BVPS (₹) 9.79.910.816.521.625.430.2
Adj Net
Profit
-0.10.10.10.42.93.54
Cash Flow from Ops. -14.211.20.92.50.22.9-
Debt/CF from Ops. -0.81.722.48.6135.810-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA56%53.6%
Adj EPS NANA126.4%-15.1%
BVPSNA21.3%33%17.5%
Share Price - - - 69.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.41.62.74.220.1169.7
Op. Profit
Mgn %
010.911.99.811.812.513
Net Profit
Mgn %
00.50.61.25.54.34.3
Debt to
Equity
2.63.73.81.71.51.1-
Working Cap
Days
030121617015214239
Cash Conv.
Cycle
075127108928113

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 56.01%

Net Profit is growing at healthy rate in last 3 years 126.42%

Return on Equity has declined versus last 3 years average to 9.60%

Debt to equity has increased versus last 3 years average to 1.05

Sales growth is not so good in last 4 quarters at 6.79%

Latest Financials - Pritika Engineering Components Ltd.

Standalone Consolidated
TTM EPS (₹) 2.7 2.5
TTM Sales (₹ Cr.) 82.3 82.3
BVPS (₹.) 30.2 29.9
Reserves (₹ Cr.) 27 26
P/BV 2.05 2.07
PE 23.10 24.95
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 81.7
Equity (₹ Cr.) 13.2
Face Value (₹) 10
Industry PE 47.3

Management X-Ray of Pritika Engg. Compnt:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pritika Engg. Compnt

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales016.4621.6832.0753.6182.32
Operating Expenses 0.0614.6719.1028.9147.2772.02
Manufacturing Costs03.594.047.939.3413.37
Material Costs09.3112.4018.0633.5352.18
Employee Cost 0.031.031.611.592.864.19
Other Costs 0.020.741.051.331.542.28
Operating Profit -0.061.792.583.166.3410.30
Operating Profit Margin (%) -10.9%11.9%9.8%11.8%12.5%
Other Income 00.020.050.373.790.38
Interest 0.051.191.701.912.193.64
Depreciation 00.510.781.042.062.79
Exceptional Items 000000
Profit Before Tax -0.110.100.150.585.874.26
Tax 00.020.010.200.380.72
Profit After Tax -0.110.080.140.385.493.54
PAT Margin (%) -0.5%0.6%1.2%10.2%4.3%
Adjusted EPS (₹)-0.20.20.30.57.23.3
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4.394.975.3912.6216.5327.65
Share Capital 4.50557.637.6310.88
Reserves -0.11-0.030.394.998.8916.76
Minority Interest000000
Debt11.1317.6319.6019.6721.9624.86
Long Term Debt11.1315.7316.5716.6916.9314.35
Short Term Debt01.913.032.985.0410.51
Trade Payables03.022.033.697.097.57
Others Liabilities 0.0611.1314.3119.9525.4731.74
Total Liabilities 15.5836.7541.3255.9271.0591.82

Fixed Assets

Gross Block017.3117.7935.2645.3952.30
Accumulated Depreciation00.511.292.344.407.19
Net Fixed Assets016.7916.5032.9340.9945.11
CWIP 06.509.992.221.430.78
Investments 001.692.6508.32
Inventories04.975.569.6710.2115.49
Trade Receivables05.105.064.8813.9913.34
Cash Equivalents 1.350.460.470.930.991.20
Others Assets14.232.922.062.653.447.59
Total Assets 15.5836.7541.3255.9271.0591.82

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -14.2211.180.902.540.182.89
PBT -0.110.100.150.585.874.26
Adjustment 0.051.712.482.670.355.82
Changes in Working Capital -14.179.37-1.71-0.71-6.04-6.88
Tax Paid 00-0.0200-0.31
Cash Flow From Investing Activity 0-24.21-5.42-10.79-4.15-14.39
Capex 0-23.80-3.99-10.91-9.33-6.27
Net Investments 0-0.41-0.03-0.415.06-8.50
Others 00-1.410.530.110.38
Cash Flow From Financing Activity 15.5811.734.498.304.1211.52
Net Proceeds from Shares 4.500.5006.8507.58
Net Proceeds from Borrowing 11.1310.525.063.404.130.98
Interest Paid -0.05-1.19-1.70-1.91-2.06-3.41
Dividend Paid 000000
Others 01.911.12-0.052.056.38
Net Cash Flow 1.35-1.30-0.020.050.150.02
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-2.451.632.664.2437.7316.06
ROCE (%)-0.366.637.58.2621.1816.1
Asset Turnover Ratio00.630.560.660.841.01
PAT to CFO Conversion(x)N/A139.756.436.680.030.82
Working Capital Days
Receivable Days011386576461
Inventory Days011089876857
Payable Days05974585951

Pritika Engineering Components Ltd Stock News

Pritika Engineering Components Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pritika Engg. Compnt on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Pritika Engg. Compnt stood at ₹81.73.
The latest P/E ratio of Pritika Engg. Compnt as of 01-Jan-1970 05:30 is 23.10.
The latest P/B ratio of Pritika Engg. Compnt as of 01-Jan-1970 05:30 is 2.05.
The 52-week high of Pritika Engg. Compnt is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pritika Engg. Compnt is ₹82.32 ( Cr.) .

About Pritika Engineering Components Ltd

The company was incorporated as ‘Pritika Engineering Components Private Limited’ as a private limited company under the Companies Act, 2013 with the Registrar of Companies, Chandigarh dated February 20, 2018 at its registered office situated at Plot No.C-94, Phase-VII Industrial Focal Point, S.A.S Nagar, Mohali, Punjab. Pursuant to a special resolution of its Shareholders passed in the extra-ordinary general meeting held on April 16, 2022, the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to ‘Pritika Engineering Components Limited’, and a fresh certificate of incorporation dated April 21, 2022 was issued to the Company by the Registrar of Companies, Chandigarh.

The company caters to the tractor industry in the automotive sector with major dependency on Original Equipment Manufacturers. It supplies its product directly to OEM and through its promoter company Pritika Auto Industries and group company Pritika Industries. The company manufactures various Tractors & Automobile components like End Cover, Cover Sealed Brake, Differential Case, Cover Hydraulic Lift, Cover Transcase, Front Wheel hub, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports etc.

Business area of the company

The company is engaged in the business of manufacturing of precision machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles, etc.

Major Events and Milestones

  • 2018: The company was incorporated as a private limited company under the name Pritika Engineering Components Private Limited.
  • 2021: The company has increased Installed capacity from 9600 MT to 12000 MT.
  • 2022: The company was converted from a private limited company to a public limited company and its name was changed to Pritika Engineering Components Limited.
  • 2022: The company has subscribed in the shares of Meeta Castings Limited (MCL), MCL being the wholly owned subsidiary of the company.


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