Panasonic Energy India Company Ltd Stock Analysis

BSE: 504093 | NSE: LAKHNNATNL | Batteries | Small Cap

BSE Share Price May 18, 15:13
275.15 -3.30 (-1.19%)

DeciZen - Make an Informed Decision on Panasonic Energy Ind

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

1. Is Panasonic Energy India Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Panasonic Energy India Company Ltd is a below average quality company.

2. Is Panasonic Energy India Company Ltd undervalued or overvalued?

The key valuation ratios of Panasonic Energy India Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Panasonic Energy India Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Panasonic Energy India Company 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 Panasonic Energy Ind:

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.
Panasonic Energy India Company 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.2%3.8%10.9%21.4%18.4%6.4%9.7%4.8%3.5%10.4%-
Value Creation Index -0.8-0.7-0.20.50.3-0.6-0.3-0.7-0.8-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 185206225238241208206207204232245
YoY Gr. Rt. %-11.4%8.9%6.2%1.2%-13.7%-1.3%0.8%-1.9%14.2%-
Adj EPS 2.83.39.822.421.9812.96.44.413.816.5
YoY Gr. Rt. %-18.6%196.1%127.9%-2.2%-63.4%60.6%-50.5%-30.8%214.6%-
BVPS (₹) 90.591.497.3112.5126.1130.6136.8134.6132.1141.5147.6
Adj Net Profit 2.12.57.416.816.469.64.83.310.412
Cash Flow from Ops. -1.5-1.89.8202.233.2-1.78-2.419.6-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.6%-0.8%4.1%14.2%
Adj EPS 19.4%-8.8%2.5%214.6%
BVPS 5.12.31.17.1
Share Price 18.7% -0% 13.4% 25.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 3.13.710.421.418.46.29.64.73.310.111.4
Op. Profit Mgn % 2.92.76.310.19.63.862.52.666.6
Net Profit Mgn % 1.11.23.37.16.82.94.72.31.64.55.1
Debt to Equity 0000000000-
Working Cap Days 9292919098100959598860
Cash Conv. Cycle 555759606662444350410

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.40%

Sales growth is good in last 4 quarters at 20.79%

Sales growth has been subdued in last 3 years 4.14%

Net Profit has been subdued in last 3 years 2.48%

Latest Financials - Panasonic Energy India Company Ltd.

Standalone Consolidated
TTM EPS (₹) 16.5 -
TTM Sales (₹ Cr.) 245 -
BVPS (₹.) 147.6 -
Reserves (₹ Cr.) 103 -
P/BV 1.89 -
PE 16.88 -
From the Market
52 Week Low / High (₹) 214.90 / 413.75
All Time Low / High (₹) 15.80 / 450.00
Market Cap (₹ Cr.) 209
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE 4.9

Management X-Ray of Panasonic Energy Ind :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Panasonic Energy India Company Ltd

India’s former Prime Minister Late Indira Gandhi when she visited Japan, was highly impressed by the business policy of Late Konusuke Matsushita. It was then decided to set up a dry cell battery unit in financial & technical collaboration with Matsushita Electric Industrial Company Limited, Japan, the leaders in this field.

Late D D Lakhanpal, the founder of the Panasonic Energy India Co Ltd. formerly Panasonic Battery India Co Ltd & Konusuke Matsushita laid the foundation stone of the Lakhanpal National at G I D C Makarpura Industrial Estate, Vadodara.

The incorporation of the company took place on  May 21,1972. The building work and installation of the machinery from Japan was undertaken rapidly & the production commenced from July 2, 1973 with metal jacketed cell in Hyper Grade in UM-1 & UM-2 segments. On October 1, 1973 the company introduced Hi-Top grade performance cell for the first time in India and on January 1, 1976 it introduced paper jacketed 'Special' cells.

Since then, the company has progressed between ups and downs by sincere efforts of management & employees and the future has been paved for higher achievements.

Business area of the company:

Manufacturing and sales of batteries and battery appliances, manufacturing and sales of battery component parts and machinery spare parts.

The company offers its products under the Panasonic Gold Plus, Panasonic Hyper, Panasonic Metal, Novino Hyper, Novino Raja, and Novino Jumbo brand names.

Milestones

  • 1973- Production commenced of metal jacketed cell in 'Novino Hyper' grade UM-1 and UM-2. First dispatch of Metal Jacket leak proof Novino. Introduced HI - Top grade high performance cells for the first time in India.
  • 1975- Initiate export activities
  • 1976- Introduced paper jacketed 'Novino Special' UM-1 cells.Introduction of UM-3 pencil dry cell battery.
  • 1987- Foundation stone of Pithampur Project laid.
  • 1989- Launched 'Novino Gold' - Zinc Chloride Metal Jacket battery for the first time in IndiaPioneers of Gold Segment in India.
  • 1994- Awarded ISO - 9001 Certificate.
  • 1995- Introduced 'Novino Sumo' 1S and 3S battery - first ever eco - friendly battery in India
  • 1997- Awarded ISO 14001 Certificate.
  • 2003- ISO - 9001 : 2000
  • 2004- ISO 14000
  • 2005- It is the only manufacturer of AAA dry battery in India.
  • 2006- Awarded ISO 14001 New Version (with ISO 9001) The only Panasonic battery company in India.
  • 2010 - Established as the only battery company in India, manufacturing 100% eco friendly (Cd and Hg free) batteries
    Brand unification from "NOVINO" to "Panasonic" completed
    Achieved 10.0 billion dry cell battery production .
  • 2011 - Achieved 5.0 billion production at Pithampur factory.
    Launched India's highest performing "Panasonic Ultimate" dry cell battery with longest shelf life of 36 months.

Achievements/ recognition:

  • Received Exports Awards
  • The Only supplier to Defence with Self Certification status. Also registered supplier to Indian
  • Railways under DGS&D R/C, CSD and other PSUs.
  • Zinc Chloride Technology
  • Environment Friendly Product
  • Virgin Seal
  • Innovative Blister Packing
  • 'Best Use Before' On Products
  • Pioneer in Manufacturing of AAA batteries
  • ISO 9001 : Certification (QMS) Quality Policy
  • ISO 14001 Certification (EMS) Environment Policy
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