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Porwal Auto Components Ltd. Stock Analysis

Small Cap
Evaluated by 190 users | BSE: 532933 | NSE: |
Auto Ancillary
Porwal Auto Components Company was incorporated as Porwal Auto Components Private under the Companies Act, 1956. The company was converted into a public limited as “Porwal Auto Components Limited” after passing the necessary resolution in the Extra Ordinary General Meeting held on...

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 2.47%2.88%2.55%-0.36%3.7%6.1%4.7%8.34%7.05%3.09%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7087.176.947.472.682.591.811012178.7
Y-o-Y Gr. Rt.-24.5%-11.7%-38.3%53%13.8%11.2%20%9.5%-34.7%
Adjusted EPS (Rs.) 0.420.460.51-0.390.751.471.382.82.270.41
Y-o-Y Gr. Rt.-9.5%10.9%-176.5%NA96%-6.1%102.9%-18.9%-81.9%
Book Value per Share (Rs.) 31.4332.3432.7332.4533.1934.3235.0937.5338.8239.19
Adjusted Net Profit 0.60.70.8-0.61.12.22.14.23.40.6
Net Op. Cash Flow (Rs. Cr.) 5.33.35.21.65.33.58.79.58.97.5
Debt to Cash Flow from Ops 1.913.851.638.742.52.360.92.011.551.79
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.
Porwal Auto Components Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.3%1.6%-5%-34.7%
Adjusted EPS -0.3%-11.4%-33.3%-81.9%
Book Value per Share 2.53.43.81
Share Price 10.1% -12.9% -39.8% -23.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.331.421.55-1.22.274.373.977.75.961.06
Operating Profit Margin (%) 6.666.267.318.0310.3610.5310.3910.9711.3110.25
Net Profit Margin (%) 0.910.790.99-1.251.552.72.273.832.850.79
Debt to Equity 0.210.260.170.280.260.160.150.340.240.23
Working Capital Days 1271171392041381211039095116
Cash Conversion Cycle 566576106624842374761
Entity Percentage Holding
Promoters 37.16%
Non-Institutions 62.84%
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 Porwal Auto Components Ltd.'s performance infers:

Porwal Auto Components Ltd. earnings have declined by -11.4%, whereas share price has depreciated -12.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Porwal Auto Components Ltd. share price has depreciated 0.7% annually over the past ten years.

Porwal Auto Components Company was incorporated as Porwal Auto Components Private under the Companies Act, 1956. The company was converted into a public limited as “Porwal Auto Components Limited” after passing the necessary resolution in the Extra Ordinary General Meeting held on September 9, 1992 and the Registrar of Companies; Gwalior, Madhya Pradhesh had issued a fresh certificate of incorporation on 12th October, 1992.

The company has been promoted by Surendra Jain,

Porwal Auto Components Company was incorporated as Porwal Auto Components Private under the Companies Act, 1956. The company was converted into a public limited as “Porwal Auto Components Limited” after passing the necessary resolution in the Extra Ordinary General Meeting held on September 9, 1992 and the Registrar of Companies; Gwalior, Madhya Pradhesh had issued a fresh certificate of incorporation on 12th October, 1992.

The company has been promoted by Surendra Jain, Devendra Jain and Mukesh Jain. The company is an 1S0/TS 16949:2002 accredited company engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 MT per annum which is presently upgraded to 9000 MT per annum. In order to enhance the product profile and cater to larger customer base, It implemented a large scale expansion programme to increase the capacities upto 27600 MTA. The expansion programme commenced from January 2005 and the total expansion was completed by June 2008.

The company is engaged in the manufacturing and marketing of S.G. (Ductile) Iron and Grey Cast Iron Castings and components especially meant for the automobile sector.

Product range of the company includes:

The company is mainly engaged in the manufacturing of Automobile Castings (Material) and Engineering Castings (Material).

  • Hubs Front & Rear
  • Diff Carriers   
  • Brackets
  • Diff cases & Assemblies  
  • Exhaust mainfolds & Bends
  • Housing & Link Casting
  • Brake Drums
  • Housing
  • Transmission Cases 

Clientele:

  • Eicher Motors
  • Brakes India
  • Man Force Trucks
  • Gajra Gears
  • L&T Case Equipment etc.

Milestones:

  • 1992  -  Incorporated
  • 1994  -  Listed on OTC Exchange of India Limited.  
  • 1995  -  Commercial Production Started Plant Capacity – 3600 MT P.A.
  • 2000  -  Eicher Motors Ltd. Award for Outstanding Contribution to Parts Development National Awards to Small Scale Entrepreneurs given by the Govt. of India Ministry of Small Scale Industries to our MD Mr. Devendra Jain
  • 2001  -  Plant Capacity Enhanced to 4800 MT P.A.
  • 2002  -  Spectrometer F20 Foundry Analyser Added Dol Status For Eicer Motors Ltd. LCV/MCV COMP. SUPPLIES
  • 2003  -  ISO 9001:2000 Certification
  • 2004  -  Plant Capacity Enhanced to 6600 MT P.A.  
  • 2005  -  Dol Status For Eicer Motors Ltd. HCV/MAV COMP. SUPPLIES
  • 2006  -  Eicher Motors Ltd. Award for Outstanding Contribution to Supply Chain Mgmt. Plant Capacity Enhanced to 9000 MT P.A.   
  • 2007  -  TS 16949 : 2000 CertificationHigh Pressure Moulding Machine Added

Achievements/ recognition:

  • ISO 9001:2000 certification
  • TS 16949 : 2000 Certification
  • Eicher Motors Limited Vendor Conference October 13th, 2000, Indore  
  • The company’s M. D. Devendra Jain received National Awards to Small Scale Entrepreneurs for the Year 1999 given by the Govt. of India Ministry of Small Scale Industries.
  • Vendor Award 2005-06 Outstanding Contribution to supply chain Management- Ancillaries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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