GMM Pfaudler Ltd - Stock Valuation and Financial Performance

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

GMM Pfaudler Share Price

1,459.25 9.20 0.63%
as on 26-Jul'24 16:01

DeciZen - make an informed investing decision on GMM Pfaudler

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

GMM Pfaudler stock performance -

mw4me loader
P/E Ratio (CD):
36.55
Market Cap:
6,539.9 Cr.
52-wk low:
1,145
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 Somewhat Undervalued 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.1%13.4%16.6%19%19.4%23.9%14%9.4%13.9%14.8%-
Value Creation
Index
0.00.00.20.40.40.70.0-0.30.00.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3082923534065035911,0012,5413,1783,4463,446
Sales YoY Gr.--5.1%20.9%14.9%23.9%17.6%69.4%153.8%25.1%8.5%-
Adj EPS 4.64.86.78.910.8162019.532.739.439.8
YoY Gr.-3.9%40.6%33.8%20.9%48.4%24.8%-2.7%67.9%20.5%-
BVPS (₹) 34.338.144.251.961.375.192.8120.2177.4214214
Adj Net
Profit
2020.929.339.247.470.487.785.4147177179
Cash Flow from Ops. 30.124.722.567.72726.7157236185284-
Debt/CF from Ops. 000000.43.12.14.32.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 30.8%47%51%8.5%
Adj EPS 27%29.5%25.3%20.5%
BVPS22.6%28.4%32.2%20.7%
Share Price 35.9% 28.5% -1.5% -0.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.913.116.218.619.123.523.918.322.12018.6
Op. Profit
Mgn %
11.912.513.515.315.31913.911.213.513.713.9
Net Profit
Mgn %
6.57.18.29.79.411.97.836.155.2
Debt to
Equity
0000001.2110.70.5
Working Cap
Days
149150165197180183266181187183105
Cash Conv.
Cycle
9187786862698980646039

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 51.00%

Net Profit is growing at healthy rate in last 3 years 25.33%

Debt to equity has declined versus last 3 years average to 0.74

Return on Equity has declined versus last 3 years average to 18.60%

Sales growth is not so good in last 4 quarters at 9.29%

Latest Financials - GMM Pfaudler Ltd.

Standalone Consolidated
TTM EPS (₹) 11.4 39.8
TTM Sales (₹ Cr.) 1,031 3,446
BVPS (₹.) 165.8 214
Reserves (₹ Cr.) 736 953
P/BV 8.77 6.80
PE 128.11 36.55
From the Market
52 Week Low / High (₹) 1145.00 / 1896.75
All Time Low / High (₹) 3.07 / 2304.62
Market Cap (₹ Cr.) 6,540
Equity (₹ Cr.) 9
Face Value (₹) 2
Industry PE 68.5

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3082923534065035911,0012,5413,1783,446
Operating Expenses 2732573063444264808622,2572,7482,973
Manufacturing Costs555362787996127287358369
Material Costs1341211491692332544481,0141,2831,379
Employee Cost 565666647388207713792904
Other Costs 28282834414281242315321
Operating Profit 3535486277111139284429473
Operating Profit Margin (%) 11.3%12.0%13.5%15.3%15.3%18.8%13.9%11.2%13.5%13.7%
Other Income 4469962375223
Interest 11111310256795
Depreciation 108810112150133122147
Exceptional Items 000000-340-220
Profit Before Tax 28304461739268133271255
Tax 910131823215586181
Profit After Tax 1920314351716475210174
PAT Margin (%) 6.1%6.9%8.8%10.5%10.1%12.0%6.3%3.0%6.6%5.1%
Adjusted EPS (₹)4.34.67.29.711.516.216.819.436.439.8
Dividend Payout Ratio (%)23%22%19%14%13%10%10%10%6%5%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 150167194228269329406527797962
Share Capital 3333333399
Reserves 148164191225266326403524788953
Minority Interest000000116141116
Debt0000011458450695600
Long Term Debt000000443450641501
Short Term Debt00000111505598
Trade Payables363155616464302391537402
Others Liabilities 48581031461321791,1961,3491,4481,233
Total Liabilities 2342563514344655832,4782,8583,4883,204

Fixed Assets

Gross Block11212569881031771,1371,2601,5641,679
Accumulated Depreciation6672818254494258340446
Net Fixed Assets46536171781341,0431,0021,2241,233
CWIP 5427524131327
Investments 1214465148361000
Inventories74718296115126576670773625
Trade Receivables384970516774310356436433
Cash Equivalents 475432677676292328372344
Others Assets1211589376135251490671542
Total Assets 2342563514344655832,4782,8583,4883,204

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 302522682727157236185284
PBT 28304461739268133271255
Adjustment 7653736109180205249
Changes in Working Capital 6-2-1319-33-771-5-217-126
Tax Paid -11-10-14-15-21-24-22-72-75-94
Cash Flow From Investing Activity -15-18-21-24-8-50-66-117-311-32
Capex -7-14-14-23-14-35-78-129-23-63
Net Investments -9-7-9-25123212-11017
Others 23210-27-200-17714
Cash Flow From Financing Activity -6-6-6-8-10-5105-55130-244
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000012810171-145
Interest Paid -1-1-1-1-1-1-8-19-58-88
Dividend Paid -4-4-4-6-7-7-7-7-9-9
Others -1-1-1-1-13-7-4025-2
Net Cash Flow 91-5359-281966548
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)13.0412.6817.2620.2520.3723.7917.2916.1631.7819.79
ROCE (%)19.8419.2224.9329.2629.9831.4412.6416.3725.6821.37
Asset Turnover Ratio1.371.261.251.061.121.130.660.9611.04
PAT to CFO Conversion(x)1.581.250.711.580.530.382.453.150.881.63
Working Capital Days
Receivable Days46515753434469484546
Inventory Days908674787674127898374
Payable Days881001041259892149125132123

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 26-Jul-2024 16:01 is ₹1,459.3.
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 26-Jul-2024 16:01 the market cap of GMM Pfaudler stood at ₹6,539.9.
The latest P/E ratio of GMM Pfaudler as of 26-Jul-2024 16:01 is 128.1.
The latest P/B ratio of GMM Pfaudler as of 26-Jul-2024 16:01 is 8.77.
The 52-week high of GMM Pfaudler is ₹1,896.8 and the 52-week low is ₹1,145.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GMM Pfaudler is ₹1,031 ( 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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