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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 Strong which suggest that the price of Precision Wires India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 10.5% | 8.6% | 11% | 12.2% | 18.3% | 19% | 14.3% | 14.8% | 21.5% | 17.3% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.4 | -0.2 | -0.1 | 0.3 | 0.4 | 0.0 | 0.1 | 0.5 | 0.2 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 982 | 881 | 843 | 884 | 1,408 | 1,758 | 1,526 | 1,719 | 2,683 | 3,034 | 3,011 | ||
| YoY Gr. Rt. % | - | -10.3% | -4.2% | 4.8% | 59.2% | 24.9% | -13.2% | 12.6% | 56.1% | 13.1% | - | ||
| Adj EPS ⓘ | 0.7 | 0.6 | 1 | 1.3 | 2.1 | 2.4 | 1.7 | 2.2 | 3.5 | 2.9 | 3.3 | ||
| YoY Gr. Rt. % | - | -15.1% | 54.8% | 33.3% | 67.2% | 12.6% | -27.8% | 24.1% | 61.6% | -18.3% | - | ||
| BVPS (₹) ⓘ | 11.7 | 10.8 | 11.2 | 12.3 | 13.6 | 15.3 | 16.3 | 18.2 | 21 | 25.2 | 26.1 | ||
| Adj Net Profit ⓘ | 12.6 | 10.8 | 16.7 | 22.3 | 37 | 41.8 | 30.3 | 37.4 | 60.6 | 50.9 | 59 | ||
| Cash Flow from Ops. ⓘ | 6 | 32.2 | 44.7 | 13.1 | 95 | 58.9 | 48.3 | 61.4 | 42.6 | 76.7 | - | ||
| Debt/CF from Ops. ⓘ | 8.9 | 1.2 | 0.6 | 2.9 | 0.4 | 0.5 | 0.6 | 0.4 | 0.5 | 0.2 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 13.4% | 16.6% | 25.7% | 13.1% | ||||||||
| Adj EPS ⓘ | 16.3% | 5.9% | 17.9% | -18.3% | ||||||||
| BVPSⓘ | 8.9% | 13.1% | 15.7% | 19.8% | ||||||||
| Share Price | 42.8% | 32.4% | 101.4% | 111.8% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 6.2 | 5.5 | 8.7 | 10.9 | 16.5 | 16.6 | 11 | 12.5 | 17.8 | 12.5 | 12.9 | |
| Op. Profit Mgn % ⓘ | 5.5 | 5.5 | 6.1 | 6 | 6.2 | 5.3 | 4.8 | 4.5 | 4.4 | 3.5 | 4.4 | |
| Net Profit Mgn % ⓘ | 1.3 | 1.2 | 2 | 2.5 | 2.6 | 2.4 | 2 | 2.2 | 2.3 | 1.7 | 2 | |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | - | |
| Working Cap Days ⓘ | 100 | 95 | 93 | 97 | 73 | 69 | 81 | 87 | 75 | 71 | 0 | |
| Cash Conv. Cycle ⓘ | 27 | 34 | 38 | 42 | 20 | 11 | 20 | 17 | 10 | 13 | 0 | |
Sales growth is growing at healthy rate in last 3 years 25.74%
Net Profit is growing at healthy rate in last 3 years 17.88%
Return on Equity has declined versus last 3 years average to 12.90%
Sales growth is not so good in last 4 quarters at 1.32%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.3 | 1 |
| TTM Sales (₹ Cr.) | 3,011 | 843 |
| BVPS (₹.) ⓘ | 26.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 449 | 183 |
| P/BV ⓘ | 4.68 | 0.00 |
| PE ⓘ | 36.92 | 128.12 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 53.33 / 127.00 |
| All Time Low / High (₹) | 0.52 / 127.00 |
| Market Cap (₹ Cr.) | 2,186 |
| Equity (₹ Cr.) | 17.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 46.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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