GMM Pfaudler Ltd - Stock Valuation and Financial Performance

BSE: 505255 | NSE: GMMPFAUDLR | Engineering - Industrial Equipments | Small Cap

GMM Pfaudler Share Price

1,426.20 5.70 0.40%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on GMM Pfaudler

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

GMM Pfaudler stock performance -

mw4me loader
P/E Ratio (CD):
32.35
Market Cap:
6,349.1 Cr.
52-wk low:
1,201.1
52-wk high:
1,896.8

Is GMM Pfaudler Ltd an attractive stock to invest in?

1. Is GMM Pfaudler Ltd a good quality company?

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

2. Is GMM Pfaudler Ltd undervalued or overvalued?

The key valuation ratios of GMM Pfaudler Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is GMM Pfaudler Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of GMM Pfaudler 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 GMM Pfaudler:

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.
GMM Pfaudler 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 % 14.4%14.1%13.4%16.6%19%19.4%23.9%14%9.4%14.1%-
Value Creation
Index
0.00.00.00.20.40.40.70.0-0.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2793082923534065035911,0012,5413,1783,572
Sales YoY Gr.-10.3%-5.1%20.9%14.9%23.9%17.6%69.4%153.8%25.1%-
Adj EPS 4.14.64.86.78.910.8162019.533.443.7
YoY Gr.-12.3%3.9%40.6%33.8%20.9%48.4%24.8%-2.7%71.4%-
BVPS (₹) 31.734.338.144.251.961.375.192.8120.2178.1214.1
Adj Net
Profit
17.92020.929.339.247.470.487.785.4150196
Cash Flow from Ops. 6.430.124.722.567.72726.7157236185-
Debt/CF from Ops. 0000000.43.12.14.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 31.1%50.9%75.2%25.1%
Adj EPS 26.3%30.2%27.7%71.4%
BVPS21.2%28%33.4%48.2%
Share Price 43.7% 28.6% 1.6% -4.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.813.913.116.218.619.123.523.918.322.622.3
Op. Profit
Mgn %
11.911.912.513.515.315.31913.911.213.613.6
Net Profit
Mgn %
6.46.57.18.29.79.411.97.836.25.5
Debt to
Equity
00000001.211-
Working Cap
Days
149149150165197180183266181187102
Cash Conv.
Cycle
9691877868626989806435

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.30%

Sales growth is growing at healthy rate in last 3 years 75.18%

Net Profit is growing at healthy rate in last 3 years 27.68%

Debt to equity has declined versus last 3 years average to 1.00

Sales growth is good in last 4 quarters at 18.86%

No data to display

Latest Financials - GMM Pfaudler Ltd.

Standalone Consolidated
TTM EPS (₹) 17.3 43.7
TTM Sales (₹ Cr.) 1,099 3,572
BVPS (₹.) 166.4 214.1
Reserves (₹ Cr.) 739 954
P/BV 8.49 6.60
PE 81.69 32.35
From the Market
52 Week Low / High (₹) 1201.10 / 1896.75
All Time Low / High (₹) 3.07 / 2304.62
Market Cap (₹ Cr.) 6,349
Equity (₹ Cr.) 9
Face Value (₹) 2
Industry PE 50.3

Management X-Ray of GMM Pfaudler:

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 GMM Pfaudler

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
Sales2793082923534065035911,0012,5413,178
Operating Expenses 2462732573063444264808622,2572,746
Manufacturing Costs54555362787996127287358
Material Costs1151341211491692332544481,0141,282
Employee Cost 52565666647388207713792
Other Costs 2428282834414281242315
Operating Profit 333535486277111139284431
Operating Profit Margin (%) 11.9%11.3%12.0%13.5%15.3%15.3%18.8%13.9%11.2%13.6%
Other Income 444699623752
Interest 1111113102567
Depreciation 9108810112150133119
Exceptional Items 0000000-340-22
Profit Before Tax 2728304461739268133275
Tax 89101318232155862
Profit After Tax 191920314351716475214
PAT Margin (%) 6.8%6.1%6.9%8.8%10.5%10.1%12.0%6.3%3.0%6.7%
Adjusted EPS (₹)4.44.34.67.29.711.516.216.819.437.1
Dividend Payout Ratio (%)23%23%22%19%14%13%10%10%10%5%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 139150167194228269329406527801
Share Capital 3333333339
Reserves 136148164191225266326403524792
Minority Interest000000011614111
Debt00000011458450695
Long Term Debt0000000443450641
Short Term Debt0000001115055
Trade Payables29363155616464302391537
Others Liabilities 6748581031461321791,1961,3491,432
Total Liabilities 2352342563514344655832,4782,8583,476

Fixed Assets

Gross Block11111212569881031771,1371,2601,551
Accumulated Depreciation586672818254494258338
Net Fixed Assets5346536171781341,0431,0021,213
CWIP 254275241313
Investments 12121446514836100
Inventories8574718296115126576670771
Trade Receivables43384970516774310356436
Cash Equivalents 30475432677676292328372
Others Assets111211589376135251490671
Total Assets 2352342563514344655832,4782,8583,476

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6302522682727157236185
PBT 2728304461739268133275
Adjustment 87653736109180203
Changes in Working Capital -216-2-1319-33-771-5-219
Tax Paid -8-11-10-14-15-21-24-22-72-75
Cash Flow From Investing Activity -2-15-18-21-24-8-50-66-117-311
Capex -5-7-14-14-23-14-35-78-129-23
Net Investments 2-9-7-9-25123212-24
Others 123210-27-200-264
Cash Flow From Financing Activity -7-6-6-6-8-10-5105-55130
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000012810171
Interest Paid -1-1-1-1-1-1-1-8-19-58
Dividend Paid -5-4-4-4-6-7-7-7-7-9
Others -1-1-1-1-1-13-7-4025
Net Cash Flow -291-5359-28196654
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.7613.0412.6817.2620.2520.3723.7917.2916.1632.17
ROCE (%)21.7919.8419.2224.9329.2629.9831.4412.6416.3725.96
Asset Turnover Ratio1.361.371.261.251.061.121.130.660.961.01
PAT to CFO Conversion(x)0.321.581.250.711.580.530.382.453.150.86
Working Capital Days
Receivable Days45465157534344694845
Inventory Days919086747876741278982
Payable Days83881001041259892149125132

GMM Pfaudler Ltd Stock News

GMM Pfaudler Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GMM Pfaudler on 12-Apr-2024 10:20 is ₹1,426.2.
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 10:20 the market cap of GMM Pfaudler stood at ₹6,349.1.
The latest P/E ratio of GMM Pfaudler as of 12-Apr-2024 10:20 is 81.69.
The latest P/B ratio of GMM Pfaudler as of 12-Apr-2024 10:20 is 8.49.
The 52-week high of GMM Pfaudler is ₹1,896.8 and the 52-week low is ₹1,201.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GMM Pfaudler is ₹1,099 ( Cr.) .

About GMM Pfaudler Ltd

GMM Pfaudler was established in 1962 as Gujarat Machinery Manufacturers and listed on the Bombay Stock exchange. In 1987 Pfaudler Inc., USA the world leader in Glass Lined equipment subscribed to 40% equity to form a joint venture. Pfaudler Inc. further increased their stake to 51% in 1999 and the name of the company was changed to GMM Pfaudler Ltd.

With over five decades of manufacturing experience, GMM Pfaudler is a well-established and financially stable company. With a market share of more than 50% in Glass Lined equipment, GMM Pfaudler is the market leader in India.

Over the years GMM Pfaudler has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Tailor Made Process Equipment.

In 2008, GMM Pfaudler acquired Mavag AG, Switzerland. Mavag supplies highly engineered equipment for critical Filtration, Drying and Mixing applications to the Pharmaceutical and Biotech industries. For more information about Mavag AG please visit: www.mavag.com

In 2015, Deutsche Beteiligungs AG (DBAG) a leading German private equity company acquired Pfaudler Inc., USA. For more information about DBAG please visit: www.dbag.de

A truly world class organization, GMM Pfaudler is an ISO 9001 company. The company has been accredited by ASME for the manufacture and repair of pressure vessels under ‘U’ Stamp, 'U2' Stamp and ‘R’ Stamp, by TUV Nord for the manufacture of pressure vessels under CE 0045 (PED 2014/68/EU, Module H/H1) and AD 2000-Merkblatt HP0.

It has also been approved by Special Equipment Licensing Office (SELO) for the supply of pressure vessels to the People’s Republic of China and by Korean Gas Safety Corporation (KGS) for the supply of pressure vessels to the Republic of Korea. Its welding workshop has been verified and recognized based on the requirements of the standard DIN EN ISO 3834-2 (EN 729-2) by TUV Nord.

Business area of the company

The company is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.

Products

  • Glass Lined Equipment
  • Filtration and Drying
  • Mixing System
  • Engineered System
  • Heavy Engineering
  • Acid Recovery

Accreditations

  • ISO 14001
  • ISO 45001
  • ISO 9001
  • U STAMP
  • U2 STAMP
  • R STAMP
  • NB STAMP
  • PED
  • AD2000-MERKBLATT HP0
  • DIN EN ISO3834-2
  • CHINA SELO
  • KOREAN CERTIFICATE
  • IBR-1950
  • ECOVADIS RATING CERTIFICATE

Milestones

  • 1963: Established in 1963 as Gujarat Machinery Manufacturers Listed on the Bombay Stock Exchange (BSE)
  • 1987: Pfaudler Inc. acquires 40% stake in the Company for a Joint Venture
  • 1999: Pfaudler increased its equity stake to 51% and the Company is renamed as GMM Pfaudler Ltd
  • 2008: Acquired MAVAG AG, Switzerland, in January 2008
  • 2012: Became a part of National Oilwell Varco group post acquisition of Pfaudler’s parent, Robbins & Myers Inc.
  • 2014: Became a part of Deutsche Beteiligungs AG, a private Equity company based out of Germany post acquisition of Pfaudler’s stake from National Oilwell Varco
  • 2018: Crossed Consolidated revenue of Rs 4,000 Million Crossed market capitalization of Rs 10,000 Million Listed on National Stock Exchange (NSE)
  • 2019: Crossed Consolidated revenue of Rs 5,000 Million Acquired Industrial Mixing Solutions Division of
    Sudarshan Chemical Industries Ltd., Pune in April 2019
  • 2020: Ranked at 305 on BSE and 300 on NSE as per market capitalization as on March 31, 2020 Acquired manufacturing facility from De Dietrich Process Systems India Pvt. Ltd at Hyderabad in July 2020
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