Is Pavna Industries a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pavna Industries Ltd is a below average quality company .

Is Pavna Industries undervalued or overvalued?

The key valuation ratios of Pavna Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Pavna Industries share price return in the past 10 years?

Data is not available for this company

Is Pavna Industries a good buy now?

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

Pavna Industries Ltd - Stock Valuation and Financial Performance

Name: Pavna Industries
Brand: Pavna Industries

BSE: 543915 | NSE: PAVNAIND | Engineering - Industrial Equipments | Small Cap

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Pavna Industries Share Price

₹534.05 1.30 0.24%
as on 19-Apr'24 15:14

10 Year X-Ray of Pavna Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	11.8%	13.9%	11.2%	12.2%	14.1%	19%	15.6%	10.4%	9.7%	9%	-
Value Creation Index ⓘ	-0.2	0.0	-0.2	-0.1	0	0.4	0.1	-0.3	-0.3	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	59.1	65.8	71.4	83.4	107	138	136	171	250	263	263
Sales YoY Gr.	-	11.4%	8.5%	16.8%	27.9%	29.3%	-1.2%	25.7%	45.7%	5.5%	-
Adj EPS ⓘ	1.3	1.9	1.9	2.3	3.2	5.9	6	4.2	4.9	5.9	6
YoY Gr.	-	49.2%	0%	23.4%	38.4%	82.9%	1.7%	-29.7%	16.7%	20.2%	-
BVPS (₹) ⓘ	7.6	8.6	10.5	12.5	15.8	21.6	24.5	37.4	41.9	47.1	51.8
Adj Net Profit ⓘ	1.3	2	2	2.4	3.3	6.1	6.2	5.1	6	7.2	7
Cash Flow from Ops. ⓘ	0	0	0	0	0	0	5	-7.1	-11.9	14.2	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	8.2	-6.4	-6.3	6.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	18.1%	19.8%	24.6%	5.5%
Adj EPS ⓘ	18.7%	12.9%	-0.5%	20.2%
BVPSⓘ	22.4%	24.5%	24.3%	12.2%
Share Price	-	-	48.3%	116.1%

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 % ⓘ	18.1	23.3	19.8	20.2	22.7	31.5	25.9	14.4	12.3	13.2	12.1
Op. Profit Mgn % ⓘ	7	8	8.3	8.7	8.3	8.9	12.1	9	8.4	9.1	10.4
Net Profit Mgn % ⓘ	2.2	3	2.7	2.9	3.1	4.4	4.6	3	2.4	2.7	2.8
Debt to Equity ⓘ	1.6	1.5	1.8	1.5	1.1	0.9	1.6	1	1.5	1.5	-
Working Cap Days ⓘ	73	71	69	69	69	65	96	119	131	164	43
Cash Conv. Cycle ⓘ	33	37	36	35	36	18	27	44	61	84	4

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.56%

Return on Equity has declined versus last 3 years average to 12.10%

Net Profit has been subdued in last 3 years -0.45%

Debt to equity has increased versus last 3 years average to 1.54

Sales growth is not so good in last 4 quarters at 3.96%

Latest Financials - Pavna Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6	6.9
TTM Sales (₹ Cr.)	263	362
BVPS (₹.) ⓘ	51.8	57.5
Reserves (₹ Cr.) ⓘ	51	58
P/BV ⓘ	10.28	9.26
PE ⓘ	89.07	77.64

From the Market
52 Week Low / High (₹)	265.00 / 640.05
All Time Low / High (₹)	265.00 / 640.05
Market Cap (₹ Cr.)	649
Equity (₹ Cr.)	12.2
Face Value (₹)	10
Industry PE ⓘ	50.2

Management X-Ray of Pavna Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Pavna Industries

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Pavna Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	59	66	71	83	107	138	136	171	250	263
Operating Expenses ⓘ	55	61	65	76	98	126	123	156	229	239
Manufacturing Costs	7	9	9	13	14	17	15	18	24	28
Material Costs	44	47	51	57	75	94	81	113	176	180
Employee Cost	2	1	2	2	4	8	15	16	23	24
Other Costs ⓘ	2	3	3	4	4	6	11	8	7	8
Operating Profit ⓘ	4	5	6	7	9	12	13	16	21	24
Operating Profit Margin (%)	7.0%	8.0%	8.3%	8.3%	8.3%	8.9%	9.8%	9.1%	8.3%	9.1%
Other Income ⓘ	0	0	0	1	0	0	0	0	1	0
Interest ⓘ	1	1	1	2	2	2	3	4	7	7
Depreciation ⓘ	1	2	2	2	2	3	4	4	6	7
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	3	3	3	5	8	6	8	9	10
Tax ⓘ	1	0	1	1	2	2	2	2	2	3
Profit After Tax	1	2	2	2	3	6	4	5	6	7
PAT Margin (%)	2.4%	3.1%	2.8%	2.6%	3.1%	4.4%	3.0%	3.1%	2.5%	2.8%
Adjusted EPS (₹)	1.3	2.0	1.9	2.1	3.2	5.9	3.9	4.4	5.2	6.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	17%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	8	9	11	13	16	22	25	46	51	57
Share Capital ⓘ	3	3	3	3	3	3	3	6	6	12
Reserves ⓘ	5	6	8	10	14	20	23	40	45	45
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	12	14	20	19	18	18	38	43	71	83
Long Term Debt	5	5	3	6	5	3	21	18	17	23
Short Term Debt	8	9	16	13	13	15	18	25	54	60
Trade Payables	6	5	6	7	10	18	19	30	37	44
Others Liabilities ⓘ	1	1	1	1	2	6	12	7	9	14
Total Liabilities ⓘ	27	28	37	41	46	64	94	125	168	197
Fixed Assets
Gross Block	19	22	26	29	31	43	67	46	46	57
Accumulated Depreciation	9	12	13	15	17	20	23	0	0	0
Net Fixed Assetsⓘ	9	11	12	14	14	23	44	46	46	57
CWIP ⓘ	0	0	0	0	0	0	0	0	0	1
Investmentsⓘ	0	0	7	7	11	11	8	10	12	12
Inventories	5	7	4	1	2	5	18	29	57	67
Trade Receivables	9	7	11	18	18	19	19	28	41	44
Cash Equivalents	3	3	2	1	0	1	0	0	0	0
Others Assetsⓘ	1	1	1	0	0	5	5	12	11	17
Total Assets ⓘ	27	28	37	41	46	64	94	125	168	197

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	5	-7	-12	14
PBT ⓘ	6	8	9	10
Adjustment ⓘ	9	8	12	14
Changes in Working Capital ⓘ	-8	-21	-31	-8
Tax Paid ⓘ	-2	-2	-2	-2
Cash Flow From Investing Activity ⓘ	-23	-8	-11	-19
Capex	-25	-6	-7	-18
Net Investments	3	-2	0	0
Others ⓘ	-1	0	-4	-1
Cash Flow From Financing Activityⓘ	17	15	22	5
Net Proceeds from Shares ⓘ	0	15	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0
Interest Paid ⓘ	-3	-4	-7	-7
Dividend Paid ⓘ	0	0	0	-1
Others ⓘ	21	4	29	14
Net Cash Flow ⓘ	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	19.36	24.18	20.01	18.19	22.73	31.35	16.96	14.91	13.14	13.44
ROCE (%)	17.88	18.53	16.73	17.55	20.77	25.72	17.16	15.49	14.19	12.73
Asset Turnover Ratio	2.72	2.74	2.47	2.41	2.46	2.52	1.72	1.56	1.7	1.44
PAT to CFO Conversion(x)	0	0	0	0	0	0	1.25	-1.4	-2	2
Working Capital Days
Receivable Days	47	40	40	55	62	49	51	50	50	59
Inventory Days	24	29	25	11	6	9	31	50	63	86
Payable Days	47	40	38	42	41	53	81	78	69	81

Pavna Industries Ltd Stock News

Pavna Industries Ltd FAQs

What is the share price of Pavna Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Pavna Industries on 19-Apr-2024 15:14 is ₹534.0.

What is the market cap of Pavna Industries?

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 19-Apr-2024 15:14 the market cap of Pavna Industries stood at ₹648.9.

What is the P/E ratio of Pavna Industries?

The latest P/E ratio of Pavna Industries as of 19-Apr-2024 15:14 is 89.07.

What is the P/B ratio of Pavna Industries?

The latest P/B ratio of Pavna Industries as of 19-Apr-2024 15:14 is 10.28.

What is the 52-week high and low of Pavna Industries?

The 52-week high of Pavna Industries is ₹640.0 and the 52-week low is ₹265.0.

What is the TTM revenue of Pavna Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pavna Industries is ₹263.2 ( Cr.) .

About Pavna Industries Ltd

Pavna Industries along with its subsidiaries is engaged in the business of manufacturing of automotive parts, providing solutions for automobile applications and serving automobile & other applications worldwide. Its focus is manufacturing quality & customer-oriented components, catering to Original Equipment Manufacturers (OEM) & providing automotive after-market solutions. The company has a varied client base and it is committed to continuing to diversify its product offerings, customer base and geographical footprint, thereby minimizing its exposure to individual geographies and industry sectors.

The company has ultra-modern manufacturing plants in India, located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand). Its facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of its OEM customers. The proximity of its facilities to the plants of its OEM customers also facilitates greater interaction with its customers, thereby enabling it to respond to their requirements in a timely manner.

Business area of the company:

The company is engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments, including, passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles. The company has a varied client base and it is committed to continuing to diversify. The company along with its subsidiaries has a diversified product portfolio, which consists of high-quality reliable parts such as Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Handles, Switches, Oil Pump, Carburetor, Throttle Body, Fuel Cocks, Injection System, Casting Components etc. It also provides aftermarket sales and services. Its aftermarket products include products manufactured by it such as filters, clutch plates, bearings, wiper blades and brake shoes.

Major events in the history of company:

1994: Incorporated as ‘Pavna Locks Private Limited’.
2000: Unit 3 was established by the Company.
2000: Entered into Business Agreements with Zadi Italy.
2000: The company was converted from Private Company to Public Company and consequently the name was changed to ‘Pavna Locks Limited’.
2000: The company was changed to ‘Pavna Zadi Security Systems Limited’.
2005: Unit 7 was established by the Company.
2010: Unit 5 was established by the Company.
2010: Rescinded the Business Agreements with Zadi Italy.
2014: Turnover of the company crossed Rs 50 crore mark.
2015: A major fire broke out in a part of the company‘s premises at Vimlanchal, Hari Nagar, Aligarh.
2018: Turnover of the company crossed Rs 100 crore mark.
2019: Unit 4 was established by the Company.
2019: Unit 8 was established by the Company.
2019: Awarded with a Trophy - Quality Award -’Gold’ by Bajaj Auto Limited.
2019: Incorporated Subsidiary Company namely ‘Pavna Marketing Private Limited’.
2020: Acquired Subsidiary Company namely ‘Pavna Sunworld Autotech Private Limited’.
2020: Acquired Subsidiary Company namely ‘Swapnil Switches Private Limited’.
2020: Acquired Subsidiary Company namely ‘Pavna Auto Engineering Private Limited’.