Pradeep Metals Ltd - Stock Valuation and Financial Performance

BSE: 513532 | NSE: | Engineering - Industrial Equipments | Small Cap

Pradeep Metals Share Price

230.10 4.00 1.77%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Pradeep Metals

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Pradeep Metals stock performance -

mw4me loader
P/E Ratio (SA):
25.20
Market Cap:
401 Cr.
52-wk low:
137.1
52-wk high:
273.5

Is Pradeep Metals Ltd an attractive stock to invest in?

1. Is Pradeep Metals Ltd a good quality company?

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

2. Is Pradeep Metals Ltd undervalued or overvalued?

The key valuation ratios of Pradeep Metals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Pradeep Metals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pradeep Metals 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 Pradeep Metals:

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.
Pradeep Metals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%10.2%6.9%7%8.9%12.2%12.3%6.5%10.2%13.1%-
Value Creation
Index
-0.3-0.3-0.5-0.5-0.4-0.1-0.1-0.5-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 114131119121142175176141207246236
Sales YoY Gr.-14.8%-8.8%1.9%16.9%23.2%0.7%-19.6%46.5%18.7%-
Adj EPS 33.91.72.63.96.77.43.56.7109.2
YoY Gr.-27.9%-56.9%56%51.7%70.7%10.1%-53%93.4%49.2%-
BVPS (₹) 19.621.422.825.630.337.142.546.253.561.567.6
Adj Net
Profit
5.26.72.94.56.811.612.8611.617.316
Cash Flow from Ops. 8.50.522.114.619.611.536.1344.526.3-
Debt/CF from Ops. 5.5161.13.35.53.86.81.71.6142.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%11.6%11.8%18.7%
Adj EPS 14.3%20.6%10.6%49.2%
BVPS13.6%15.2%13.1%15%
Share Price 28% 26.4% 85.7% 38.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.318.87.510.714.119.918.67.813.517.414.3
Op. Profit
Mgn %
11.212.911.61313.815.41714.412.413.912.6
Net Profit
Mgn %
4.65.12.43.74.86.67.34.25.676.7
Debt to
Equity
1.421.81.81.41.20.80.70.70.6-
Working Cap
Days
24123325724722921121025320420178
Cash Conv.
Cycle
14715918317015113614715910810619

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.30%

Sales growth is growing at healthy rate in last 3 years 11.80%

Net Profit is growing at healthy rate in last 3 years 10.64%

Debt to equity has declined versus last 3 years average to 0.57

Sales growth is not so good in last 4 quarters at -4.89%

Latest Financials - Pradeep Metals Ltd.

Standalone Consolidated
TTM EPS (₹) 9.2 10.7
TTM Sales (₹ Cr.) 236 260
BVPS (₹.) 67.6 61.5
Reserves (₹ Cr.) 99 89
P/BV 3.44 3.77
PE 25.20 21.69
From the Market
52 Week Low / High (₹) 137.10 / 273.45
All Time Low / High (₹) 0.10 / 273.45
Market Cap (₹ Cr.) 401
Equity (₹ Cr.) 17.3
Face Value (₹) 10
Industry PE 42.6

Management X-Ray of Pradeep Metals:

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 Pradeep Metals

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
Sales114131119121142175176141207246
Operating Expenses 101114105106123148147122182212
Manufacturing Costs23252427273435294251
Material Costs5565565364817860100115
Employee Cost 14141616182021212428
Other Costs 810910131412121618
Operating Profit 13171415192729202534
Operating Profit Margin (%) 11.2%12.9%11.5%12.8%13.7%15.4%16.6%13.9%12.2%13.8%
Other Income 2222312264
Interest 3476676445
Depreciation 2344445566
Exceptional Items 000000-3-3-1-1
Profit Before Tax 91258121717101925
Tax 3413454356
Profit After Tax 68458121361419
PAT Margin (%) 5.3%6.0%3.2%4.2%5.8%6.8%7.3%4.4%6.9%7.6%
Adjusted EPS (₹)3.54.52.23.04.76.97.53.68.310.8
Dividend Payout Ratio (%)34%26%28%0%0%14%13%28%18%19%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 343739445264738092106
Share Capital 17171717171717171717
Reserves 17202227354756637589
Minority Interest0000000000
Debt44716974677053425754
Long Term Debt1101215191510191512
Short Term Debt42605860485543234242
Trade Payables9869141610182124
Others Liabilities 18131521222523242021
Total Liabilities 105128130148155176159164190205

Fixed Assets

Gross Block43536449576174747885
Accumulated Depreciation222427591318222630
Net Fixed Assets20293744484856525255
CWIP 27373112125
Investments 0359996875
Inventories31363025283230263439
Trade Receivables32383545485954466062
Cash Equivalents 0002210011
Others Assets19152016181711293540
Total Assets 105128130148155176159164190205

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 80221520123634526
PBT 91258121717101925
Adjustment 5512991114121013
Changes in Working Capital -3-136-12-111017-19-4
Tax Paid -2-3-2-2-3-5-4-4-6-7
Cash Flow From Investing Activity -4-20-10-16-7-10-6-23-8-13
Capex -4-18-7-15-5-11-7-2-7-15
Net Investments 0000000000
Others 0-3-3-1-210-21-11
Cash Flow From Financing Activity -420-123-13-2-30-114-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 08375-2-612-9-3
Interest Paid -3-2-7-5-6-7-6-4-4-5
Dividend Paid -2-2-4000-40-2-4
Others 117-52-127-14-19190
Net Cash Flow 0002-1-10000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.9122.169.8512.3316.9820.5318.758.0716.5318.77
ROCE (%)16.1617.2210.7811.2514.2917.6516.691016.4418.94
Asset Turnover Ratio1.191.150.960.910.941.061.050.881.171.24
PAT to CFO Conversion(x)1.3305.532.512.775.670.361.37
Working Capital Days
Receivable Days95951081151191121171299490
Inventory Days97929880676264725355
Payable Days71484349646962877271

Pradeep Metals Ltd Stock News

Pradeep Metals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pradeep Metals on 18-Mar-2024 16:59 is ₹230.1.
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 18-Mar-2024 16:59 the market cap of Pradeep Metals stood at ₹401.0.
The latest P/E ratio of Pradeep Metals as of 18-Mar-2024 16:59 is 25.20.
The latest P/B ratio of Pradeep Metals as of 18-Mar-2024 16:59 is 3.44.
The 52-week high of Pradeep Metals is ₹273.4 and the 52-week low is ₹137.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pradeep Metals is ₹235.9 ( Cr.) .

About Pradeep Metals Ltd

Pradeep Metals Ltd.started as a private limited company in 1982 and commenced manufacturing precision closed die steel forgings at Dombivli, near Mumbai with an annual installed capacity of 1200 tons. In 1989 the capacity was increased to 2400 tons.

On the strength of excellent all-round performance and wide customer base, Pradeep Metals set up a modern integrated forging plant in 1994 with state-of-the-art technology incorporating forging presses, induction billet heaters and sophisticated die making facilities. With an enhanced annual capacity of 12000 tons in the hands of experienced technocrats & ISO 9002 certification, Pradeep Metals manufactures forgings for the defence, automobile, engineering and petrochemical industries, both for domestic and international markets.

The 'Pradeep Metals' family comprises of an eminent Board of Directors with long experience in managing large industrial corporations, 15000 shareholders all over the world and a workforce of more than 250 dedicated employees.

In line with company philosophy of keeping abreast of the latest in technology development in the world, Pradeep Metals has installed the intergreated ANVIL-5000 mechanical CADD / CAM/ CAE system.

Product range of the company includes:

  • Transmission & drive gear blanks
  • Tracklinks & tractor components
  • Crown wheels and pinions
  • Slack adjusters, clevises & rotor poles.
  • Propeller shaft & UJ components
  • Steering levers, spiders & drop arms.
  • Valves, flanges & pipe fittings.
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