Precision Wires India Ltd - Stock Valuation and Financial Performance

BSE: 523539 | NSE: PRECWIRE | Cable | Small Cap

Precision Wire India Share Price

191 -0.75 -0.39%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Precision Wire India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Precision Wires India stock performance -

mw4me loader
P/E Ratio (SA):
43.65
Market Cap:
3,428.4 Cr.
52-wk low:
104.3
52-wk high:
221

Is Precision Wires India Ltd an attractive stock to invest in?

1. Is Precision Wires India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Precision Wires India Ltd is a good quality company.

2. Is Precision Wires India Ltd undervalued or overvalued?

The key valuation ratios of Precision Wires India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Precision Wires India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Precision Wires India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Precision Wire India:

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.
Precision Wires India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.9%16.9%18%28.2%29.1%19.9%20.5%30.1%26.8%25.4%-
Value Creation
Index
-0.10.20.31.01.10.40.51.20.90.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8818438841,4081,7581,5261,7192,6833,0343,3023,455
Sales YoY Gr.--4.2%4.8%59.2%24.9%-13.2%12.6%56.1%13.1%8.8%-
Adj EPS 0.611.32.12.41.72.23.52.93.84.4
YoY Gr.-54.8%36.5%61.1%13.3%-27.2%24.1%61.6%-18.3%31.9%-
BVPS (₹) 10.811.212.313.615.316.318.22125.228.429.6
Adj Net
Profit
10.816.722.736.641.430.337.460.650.967.279
Cash Flow from Ops. 32.244.713.19558.948.361.442.676.759.7-
Debt/CF from Ops. 1.20.62.90.40.50.60.40.50.21.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.8%13.4%24.3%8.8%
Adj EPS 22.2%9.5%20.3%31.9%
BVPS11.4%13.1%15.9%12.5%
Share Price 36.6% 50.2% 68% 63.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.58.711.216.316.51112.517.812.51415.2
Op. Profit
Mgn %
5.56.16.16.15.34.84.54.43.54.14.7
Net Profit
Mgn %
1.222.62.62.422.22.31.722.3
Debt to
Equity
0.20.10.20.10.10.10.10.100.2-
Working Cap
Days
9593977369818775716744
Cash Conv.
Cycle
3438422011201710131319

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.20%

Sales growth is growing at healthy rate in last 3 years 24.31%

Net Profit is growing at healthy rate in last 3 years 20.29%

Sales growth is good in last 4 quarters at 14.72%

No data to display

Latest Financials - Precision Wires India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 1
TTM Sales (₹ Cr.) 3,455 843
BVPS (₹.) 29.6 0
Reserves (₹ Cr.) 511 183
P/BV 6.48 0.00
PE 43.65 202.35
From the Market
52 Week Low / High (₹) 104.25 / 220.95
All Time Low / High (₹) 0.52 / 220.95
Market Cap (₹ Cr.) 3,428
Equity (₹ Cr.) 17.9
Face Value (₹) 1
Industry PE 53.5

Management X-Ray of Precision Wire India:

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

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Analyst's Notes

Key Ratios of Precision Wire India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales8818438841,4081,7581,5261,7192,6833,0343,302
Operating Expenses 8337928301,3231,6651,4531,6412,5662,9273,168
Manufacturing Costs46485151595754638691
Material Costs7577127431,2311,5641,3531,5462,4492,7853,012
Employee Cost 16172023262727343541
Other Costs 15151618171614202124
Operating Profit 47515485937378117106134
Operating Profit Margin (%) 5.4%6.1%6.1%6.1%5.3%4.8%4.5%4.4%3.5%4.1%
Other Income 323224572219
Interest 1411915181915253337
Depreciation 20161414131616151417
Exceptional Items 0000000000
Profit Before Tax 17273358654252848199
Tax 7101122231012212226
Profit After Tax 10172336423239635973
PAT Margin (%) 1.1%2.0%2.5%2.6%2.4%2.1%2.3%2.3%2.0%2.2%
Adjusted EPS (₹)0.61.01.32.12.41.82.33.63.34.1
Dividend Payout Ratio (%)63%44%36%29%25%18%29%24%29%26%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 187195213237265283316365450506
Share Capital 12121212121212121818
Reserves 175183201225254271304353432489
Minority Interest0000000000
Debt35283833282717181391
Long Term Debt00001612731319
Short Term Debt3528383311151015072
Trade Payables108107125240267203423468432423
Others Liabilities 29272819293129283342
Total Liabilities 3583574035295905447868799281,062

Fixed Assets

Gross Block252261277288334352347350371408
Accumulated Depreciation165181196209221237237250255269
Net Fixed Assets8780827911311511099116139
CWIP 312510104261019
Investments 021111289552
Inventories9597107108123107166222227287
Trade Receivables138135181254295269440477459422
Cash Equivalents 18171561343833467976
Others Assets171311151297203166
Total Assets 3583574035295905447868799281,062

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 32451395594861437760
PBT 17273358654252848199
Adjustment 33282329303632434651
Changes in Working Capital -110-3329-13-17-13-66-32-70
Tax Paid -6-10-11-21-23-13-8-19-18-20
Cash Flow From Investing Activity -5-19-9-17-47-13-35810-94
Capex -8-18-9-17-47-12-9-10-34-49
Net Investments 0-20000-26197-43
Others 31000-1-1-137-1
Cash Flow From Financing Activity -36-27-6-31-40-31-31-38-5328
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3000000000
Interest Paid -14-11-9-15-17-19-15-24-33-37
Dividend Paid -7-9-7-12-13-14-7-14-14-17
Others -12-710-4-102-91-682
Net Cash Flow -8-1-246-274-51233-6
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.188.9211.0616.0216.6711.6113.1318.5114.615.23
ROCE (%)12.8916.8717.9928.1629.1219.9420.530.0926.7525.37
Asset Turnover Ratio2.572.722.73.653.83.253.143.914.074.11
PAT to CFO Conversion(x)3.22.650.572.641.41.51.560.681.310.82
Working Capital Days
Receivable Days58515647475662514639
Inventory Days31363623202324222223
Payable Days60555754596374665952

Precision Wires India Ltd Stock News

Precision Wires India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Precision Wire India on 31-Oct-2024 16:01 is ₹191.0.
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 31-Oct-2024 16:01 the market cap of Precision Wire India stood at ₹3,428.4.
The latest P/E ratio of Precision Wire India as of 31-Oct-2024 16:01 is 43.65.
The latest P/B ratio of Precision Wire India as of 31-Oct-2024 16:01 is 6.48.
The 52-week high of Precision Wire India is ₹220.9 and the 52-week low is ₹104.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Precision Wire India is ₹3,455 ( Cr.) .

About Precision Wires India Ltd

Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mahendra Mehta, Deepak Mehta and Milan Mehta.

Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in India. Our products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors. These are widely used by the electrical and electronics industry across the globe. PWIL offers its customers a wide variety of wires and conductors, ranging from fine wire to conductors for large transformers.

The current installed capacity of the company is over 25,000 metric tonnes/annum. This capacity is further being increased with several expansion projects in the pipeline. PWIL has three manufacturing facilities located at Silvassa, Dadra Nagar Haveli and Palej, Gujarat

Rigorous quality measures and controls have ensured the popularity of PWIL’s wires. Precision Wires is an ISO 9001:2000 certified company. These quality controls have helped ensure that over the years, PWIL wires have been synonymous with the best in quality and durability

In recent years, PWIL has been increasingly targeting overseas markets. In the last fiscal year, exports accounted for over 15% of our sales volume.

Product range of the company includes:

  • Enamelled Round Winding Wires- PWIL today manufactures a wide range of Enamelled Round Winding Wires for use in electrical machines such as motors, generators, transformers, house hold appliances, auto-electricals, electrical hand tools, refrigeration (hermetic) motors, fans, switchgears, coils and relays, ballasts and etc.
  • Rectangular Winding Wires- Enamelled, taped and CTC

Achievements/ recognition:

  • IS, IEC, NEMA, JIS standards for winding wires
  • Their plants are certified for Quality Management System ISO 9001:2000/ISO TS 16949:2002
  • The company's several products are UL approved.   
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