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Panasonic Energy India Company Ltd. Stock Analysis

Small Cap
Evaluated by 470 users | BSE: 504093 | NSE: LAKHNNATNL |
Batteries
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...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.91%3.22%3.81%10.86%21.43%18.42%6.35%9.69%4.78%3.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 176185206225238241208206207204
Y-o-Y Gr. Rt.-5.4%11.4%8.9%6.2%1.2%-13.7%-1.3%0.8%-1.9%
Adjusted EPS (Rs.) 6.912.83.329.8322.421.918.0112.866.364.4
Y-o-Y Gr. Rt.--59.5%18.6%196.1%127.9%-2.2%-63.4%60.6%-50.5%-30.8%
Book Value per Share (Rs.) 90.490.4991.4397.25112.48126.07130.56136.77134.6132.11
Adjusted Net Profit 5.22.12.57.416.816.469.64.83.3
Net Op. Cash Flow (Rs. Cr.) 1.6-1.5-1.89.8202.233.2-1.78-2.4
Debt to Cash Flow from Ops 0000000000
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.
Panasonic Energy India Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.7%-3.1%-0.8%-1.9%
Adjusted EPS -4.9%-27.8%-18.1%-30.8%
Book Value per Share 4.33.30.4-1.9
Share Price 12.1% -13.9% -12.5% 9.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.863.093.6510.4221.3618.376.249.624.693.3
Operating Profit Margin (%) 5.052.892.686.2510.149.593.835.992.472.61
Net Profit Margin (%) 2.951.131.213.287.056.812.884.692.31.62
Debt to Equity 0000000000
Working Capital Days 899292919098100959598
Cash Conversion Cycle 51555759606662444350
Entity Percentage Holding
Promoters 58.06%
Non-Institutions 41.94%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Panasonic Energy India Company Ltd.'s performance infers:

Panasonic Energy India Company Ltd. earnings have declined by -27.8%, whereas share price has depreciated -13.9% 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 Panasonic Energy India Company Ltd. share prices over the last 10 years. Here is what we found out:

Panasonic Energy India Company Ltd. share price has depreciated 6.8% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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