Pattech Fitwell Tube Components Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: PATTECH | Forgings | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Pattech Fitwell Tube

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Pattech Fitwell Tube Components stock performance -

mw4me loader
P/E Ratio (SA):
71.92
Market Cap:
103.6 Cr.
52-wk low:
0
52-wk high:
0

Is Pattech Fitwell Tube Components Ltd an attractive stock to invest in?

1. Is Pattech Fitwell Tube Components Ltd a good quality company?

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

2. Is Pattech Fitwell Tube Components Ltd undervalued or overvalued?

The key valuation ratios of Pattech Fitwell Tube Components Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Pattech Fitwell Tube Components Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pattech Fitwell Tube Components Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Pattech Fitwell Tube:

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.
Pattech Fitwell Tube 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'23Mar'24TTM
ROCE % 6.7%12.3%-
Value Creation
Index
-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11.837.738
Sales YoY Gr.-219.7%-
Adj EPS 0.91.91.9
YoY Gr.-104.4%-
BVPS (₹) 10.224.324.3
Adj Net
Profit
0.51.41
Cash Flow from Ops. 0.1-10.2-
Debt/CF from Ops. 176.4-1.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA219.7%
Adj EPS NANANA104.4%
BVPSNANANA138.7%
Share Price - - - 112.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'23Mar'24TTM
Return on
Equity %
8.311.57.7
Op. Profit
Mgn %
128.5NAN
Net Profit
Mgn %
4.13.83.8
Debt to
Equity
2.40.6-
Working Cap
Days
01340
Cash Conv.
Cycle
0970

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.62

Return on Equity has declined versus last 3 years average to 7.70%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Pattech Fitwell Tube Components Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 -
TTM Sales (₹ Cr.) 37.7 -
BVPS (₹.) 24.3 -
Reserves (₹ Cr.) 12 -
P/BV 5.50 -
PE 71.92 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 104
Equity (₹ Cr.) 7.8
Face Value (₹) 10
Industry PE 40

Management X-Ray of Pattech Fitwell Tube:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Pattech Fitwell Tube

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Sales1238
Operating Expenses 1035
Manufacturing Costs00
Material Costs1033
Employee Cost 00
Other Costs 01
Operating Profit 13
Operating Profit Margin (%) 11.9%8.5%
Other Income 00
Interest 11
Depreciation 00
Exceptional Items 00
Profit Before Tax 12
Tax 00
Profit After Tax 01
PAT Margin (%) 4.1%3.8%
Adjusted EPS (₹)0.91.9
Dividend Payout Ratio (%)0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24

Equity and Liabilities

Shareholders Fund 619
Share Capital 58
Reserves 012
Minority Interest00
Debt1111
Long Term Debt77
Short Term Debt54
Trade Payables14
Others Liabilities 62
Total Liabilities 2436

Fixed Assets

Gross Block1616
Accumulated Depreciation00
Net Fixed Assets1515
CWIP 00
Investments 00
Inventories35
Trade Receivables512
Cash Equivalents 00
Others Assets12
Total Assets 2436

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Cash Flow From Operating Activity 0-10
PBT 12
Adjustment 11
Changes in Working Capital -1-13
Tax Paid 0-1
Cash Flow From Investing Activity -16-1
Capex -160
Net Investments 00
Others 00
Cash Flow From Financing Activity 1611
Net Proceeds from Shares 512
Net Proceeds from Borrowing 70
Interest Paid -1-1
Dividend Paid 00
Others 5-1
Net Cash Flow 00
PARTICULARSMar'23Mar'24
Ratios
ROE (%)8.9211.86
ROCE (%)6.7212.27
Asset Turnover Ratio0.491.26
PAT to CFO Conversion(x)N/A-10
Working Capital Days
Receivable Days14583
Inventory Days9440
Payable Days4127

Pattech Fitwell Tube Components Ltd Stock News

Pattech Fitwell Tube Components Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pattech Fitwell Tube 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 Pattech Fitwell Tube stood at ₹103.6.
The latest P/E ratio of Pattech Fitwell Tube as of 01-Jan-1970 05:30 is 71.92.
The latest P/B ratio of Pattech Fitwell Tube as of 01-Jan-1970 05:30 is 5.50.
The 52-week high of Pattech Fitwell Tube is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pattech Fitwell Tube is ₹37.72 ( Cr.) .

About Pattech Fitwell Tube Components Ltd

Pattech Fitwell Tube Components was originally formed as a partnership firm in the name and style of ‘M/s. Pat Tech Fitwell Tube Components’ vide partnership deed dated November 22, 2012. Consequently, the firm was converted into company under same style as ‘Pattech Fitwell Tube Components Private Limited’ under the Companies Act, 2013 vide certificate of incorporation dated August 22, 2022 issued by Assistant Registrar of Companies, Central Registration Centre. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on September 23, 2022, and consequently, the name of the company was changed to ‘Pattech Fitwell Tube Components Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 11, 2022.

It is manufacturer of forging products for the non-automotive sector. The company converts semi-finished / raw products to finished products by carrying its value-added process such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing and packaging.

It has been in the business of manufacturing of a wide range of forged and machined components that is used in pipes and tube fittings like Elbows, Flanges, Tees, Reducers, Caps, pipe spools and other fabrication works being used in various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, ship building, defense, fabrication of process equipments, instrumentation etc. its Promoters between themselves have, in-depth knowledge and good experience in the forging and forming industry. Its Promoters share various functional responsibilities amongst themselves for effective management and are well supported by qualified and experienced professionals at different levels with appropriate functional responsibilities. It is capable of manufacturing both standardized as well as customized products. It supplies its products only to domestic customer who may use these products for their domestic or global applications.

Business area of the company

The company is engaged in the manufacturing business of tube and pipe fittings, flanges and various types of forgings and machined components as well as pipe spools and fabrication works for various industries.

Products of the company

  • Elbows
  • Flanges
  • Tees
  • Reducers
  • Caps
  • Olet fittings
  • Forged fittings socket welded
  • Forged fittings threaded

History and milestones

  • 2012-13: Formation of a Partnership Firm vide Partnership Deed.
  • 2022-23: Incorporation of the Company in the name and style of ‘Pattech Fitwell Tube Components Private Limited’.
  • 2022-23: Converted into Public Limited Company vide fresh certificate of incorporation dated October 11, 2022.
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