Panasonic Carbon India Company Ltd - Stock Valuation and Financial Performance

BSE: 508941 | NSE: PANCARBON | Electrodes & Welding Equipment | Small Cap

Panasonic Carbon Share Price

490.80 -5.10 -1.03%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Panasonic Carbon

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

1. Quality

2. Valuation

Fair

3. Price Trend

Panasonic Carbon India Company stock performance -

mw4me loader
P/E Ratio (SA):
14.72
Market Cap:
235.6 Cr.
52-wk low:
330
52-wk high:
548

Is Panasonic Carbon India Company Ltd an attractive stock to invest in?

1. Is Panasonic Carbon India Company Ltd a good quality company?

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

2. Is Panasonic Carbon India Company Ltd undervalued or overvalued?

The key valuation ratios of Panasonic Carbon India Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Panasonic Carbon India Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Panasonic Carbon India Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Panasonic Carbon:

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.
Panasonic Carbon India Company 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.3%14.3%19.2%18.6%13.2%12.3%15.6%15.7%11.5%9.1%-
Value Creation
Index
-0.20.00.40.3-0.1-0.10.10.1-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34.941.34948.943.845.34548.95050.147
Sales YoY Gr.-18.4%18.6%-0.3%-10.3%3.3%-0.6%8.7%2.2%0.3%-
Adj EPS 14.11927.931.725.525.435.139.531.726.533.3
YoY Gr.-35%46.6%13.5%-19.3%-0.6%38%12.7%-19.7%-16.6%-
BVPS (₹) 128.8137.9153.9186.8200.2213.7236.4265.6285.4300.1317.1
Adj Net
Profit
6.89.113.415.212.312.216.81915.212.716
Cash Flow from Ops. 1.83.78.510.59.17.99.712.17.99.5-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%2.7%3.7%0.3%
Adj EPS 7.3%0.7%-8.9%-16.6%
BVPS9.9%8.4%8.3%5.2%
Share Price 13.4% 7% 4.5% 37%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.214.319.118.613.212.315.615.711.59.110.8
Op. Profit
Mgn %
15.62231.536.1282534.238.129.621.627.2
Net Profit
Mgn %
19.422.127.331.12826.937.438.830.525.434.1
Debt to
Equity
0000000000-
Working Cap
Days
26026623314577881571975891,009505
Cash Conv.
Cycle
129505811152426482

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 10.80%

Sales growth has been subdued in last 3 years 3.65%

Net Profit has been subdued in last 3 years -8.92%

Sales growth is not so good in last 4 quarters at -14.74%

Latest Financials - Panasonic Carbon India Company Ltd.

Standalone Consolidated
TTM EPS (₹) 33.3 -
TTM Sales (₹ Cr.) 46.9 -
BVPS (₹.) 317.1 -
Reserves (₹ Cr.) 147 -
P/BV 1.55 -
PE 14.72 -
From the Market
52 Week Low / High (₹) 330.00 / 548.00
All Time Low / High (₹) 28.80 / 1105.00
Market Cap (₹ Cr.) 236
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 22.7

Management X-Ray of Panasonic Carbon:

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 Panasonic Carbon

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales35414949444545495050
Operating Expenses 29323431323430303539
Manufacturing Costs1010109998889
Material Costs12141513131512121619
Employee Cost 6777888899
Other Costs 1222222222
Operating Profit 591518121115191511
Operating Profit Margin (%) 15.5%22.0%31.5%36.0%27.9%25.0%34.2%37.9%29.6%21.6%
Other Income 5666788877
Interest 0000000000
Depreciation 0100111111
Exceptional Items 0001000000
Profit Before Tax 10142125181823252017
Tax 4578556755
Profit After Tax 791316121217191513
PAT Margin (%) 19.6%22.1%27.5%32.9%28.1%27.2%37.7%38.6%30.7%25.6%
Adjusted EPS (₹)14.319.028.133.525.625.635.339.432.026.7
Dividend Payout Ratio (%)49%42%36%3%39%39%28%30%38%45%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6266749096103113127137144
Share Capital 5555555555
Reserves 576169859198109123132139
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables4434432332
Others Liabilities 2632303333333
Total Liabilities 9110210797103109119134143149

Fixed Assets

Gross Block36363710111111111111
Accumulated Depreciation3334340234567
Net Fixed Assets33310987665
CWIP 0000000001
Investments 0000000000
Inventories2232322233
Trade Receivables3434333553
Cash Equivalents 5964747784888510121
Others Assets2328253472119127137
Total Assets 9110210797103109119134143149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2481098101289
PBT 10142125181823252017
Adjustment -5-5-5-5-4-5-6-6-5-6
Changes in Working Capital -0-1-0-111-1-1-23
Tax Paid -3-5-7-8-5-5-6-7-5-5
Cash Flow From Investing Activity 555-3-4-2-4-7-2-5
Capex 000-8-10000-1
Net Investments 000-2-9-8-11-13-7-11
Others 5566567667
Cash Flow From Financing Activity -4-4-5-6-6-6-6-5-6-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -4-4-5-6-6-5-5-5-6-6
Others 00000-1-1000
Net Cash Flow 3591-10-111-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.3414.2819.2219.6713.2512.3815.6915.6911.619.13
ROCE (%)17.2521.9629.8429.9918.8717.6320.9421.0815.4712.45
Asset Turnover Ratio0.420.450.490.50.450.430.390.390.360.34
PAT to CFO Conversion(x)0.290.440.620.630.750.670.590.630.530.69
Working Capital Days
Receivable Days31312625262426303629
Inventory Days24201817222219181920
Payable Days1069684981038689866746

Panasonic Carbon India Company Ltd Stock News

Panasonic Carbon India Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Panasonic Carbon on 12-Apr-2024 16:59 is ₹490.8.
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 12-Apr-2024 16:59 the market cap of Panasonic Carbon stood at ₹235.6.
The latest P/E ratio of Panasonic Carbon as of 12-Apr-2024 16:59 is 14.72.
The latest P/B ratio of Panasonic Carbon as of 12-Apr-2024 16:59 is 1.55.
The 52-week high of Panasonic Carbon is ₹548.0 and the 52-week low is ₹330.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panasonic Carbon is ₹46.86 ( Cr.) .

About Panasonic Carbon India Company Ltd

Panasonic Carbon India Company Ltd. (PCIN) formerly Indo Matsushita Carbon India Co. Ltd was incorporated on September 6, 1982.

The foundation stone of Panasonic Carbon India Co was laid on February 7, 1982 by  T. Yamashita, President, Matsushita Electric Industrial Co.Ltd, Japan at Tada Mandal, Nellore District, Andhra Pradesh.

PCIN entered into a foreign collaboration agreement with Matsushita Group, Japan on 6th January 1982 for obtaining technical know-how and assistance for manufacture and sale of Midget Electrodes (Carbon Rods).

The company achieved success by setting up a quality management system. A system which ensures commitment of all employees towards compliance of stringent quality standards and also to meet the requirement of customers and achieve higher levels of customer satisfaction.  A committed effort is to give more than what the customer needs from the companys products and services. 

As part of this process the company established the Internationally accepted quality management system and got certified for ISO 9001:2000 Standards in October, 1995. Consequently series of, surveillance, inspection and recertification audits have become a part of an annual calendar of activities. This system has been successful in demonstrating company’s commitment to quality.

Product range of the company includes:

The company manufactures about 40 sizes and 6 Grades of Carbon Rods. These can be classified into five major categories such as UM-1(R-20/D size), UM-2(R-14/C size), UM-3(R-6/AA size), UM-4(R-3/AAA size) and special size carbon rods as per the customer’s requirements.

Achievements/ recognition:

  • ISO 9001:2000 Standards in October, 1995.
  • The company established Environmental Management System and got certified for ISO 14001
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