Premier Ltd Stock Analysis

BSE: 500540 | NSE: PREMIER | Engineering - Industrial Equipments | Small Cap

BSE Share Price Aug 18, 18:03
4.06 0.19 (4.91%)

DeciZen - Make an Informed Decision on Premier

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Premier Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
12.3 Cr.
52-wk low :
3.3
52-wk high :
13.5
Bole Toh?

1. Is Premier Ltd a good quality company?

Data is not available for this company.

2. Is Premier Ltd undervalued or overvalued?

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

3. Is Premier Ltd a good buy now?

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

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 5.4%9.2%5.4%0%-7.9%-9.3%-12.4%-32.7%-64.4%92%-
Value Creation Index -0.6-0.3-0.6-1.0-1.6-1.7NANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 26724116116610035.519.716.39.920
YoY Gr. Rt. %--9.9%-33%3%-39.9%-64.5%-44.6%-17.1%-39.6%-79.7%-
Adj EPS 8.818.41.6-14.1-34.1-39.8-41.9-64.8-51.5-27.3-7.4
YoY Gr. Rt. %-109.7%-91.5%-1003.2%NANANANANANA-
BVPS (₹) 6989.794.477.969.637-3.5-67.5-89.4-116.7-124.1
Adj Net Profit 26.655.94.7-42.8-104-121-127-197-156-82.9-22
Cash Flow from Ops. 79.8-33.4-1.31688.1-7.755.2-27.7-17.311.2-
Debt/CF from Ops. 4.5-12.6-349.82.149.3-57.36.8-13.6-11.514.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -42%-54.3%-53.4%-79.7%
Adj EPS -213.5%NANANA
BVPS -206-210.900
Share Price -24.8% -32.7% 13.1% -28.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 3.89.10.9-9-24.3-33.9-51.8-225.4148.834.36.2
Op. Profit Mgn % 26.6-44.82118.2-11.5-81.1-239.1-617.9-894-1168.4-1946.2
Net Profit Mgn % 1023.22.9-25.8-103.7-340.4-646.1-1204.1-1584.5-4146.5-5762.5
Debt to Equity 1.71.51.61.51.93.9-35.1-1.8-0.7-0.5-
Working Cap Days 2353978158571,3914,2146,3296,7848,19414,3410
Cash Conv. Cycle 41721992985811,5712,8802,5021,7461,3780

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.10%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Premier Ltd.

Standalone Consolidated
TTM EPS (₹) -7.4 -7.4
TTM Sales (₹ Cr.) 0.4 0.4
BVPS (₹.) -124.1 -124.1
Reserves (₹ Cr.) -407 -407
P/BV -0.03 -0.03
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.31 / 13.50
All Time Low / High (₹) 1.18 / 215.00
Market Cap (₹ Cr.) 12.3
Equity (₹ Cr.) 30.4
Face Value (₹) 10
Industry PE 20.2

Management X-Ray of Premier :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *38.8338.830.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Premier

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Premier Ltd

Premier is engaged in the manufacture of automobiles and machine tools. Incorporated in 1944, Premier was first Indian company to start making automobiles.

In the year 1947, the company collaborated with Chrysler Corporation, USA to manufacture Dodge cars at its Kurla plant and rolled out India’s first car. Later the company collaborated with Fiat SpA, Italy to commence assembly of Fiat 500 in India.

In 1954 Fiat 1100 came in into market becoming one of the most popular models produced. Gradually the company undertook highly specialised jobs.

Premier has manufactured widest range of commercial vehicles, which includes Premier Padmini -- one of the popular cars in India.

The company has many firsts to its credits such as in 1947 the company manufactured commercial vehicles under the brand Dodge and Fargo for use by the defence department of the Government of India; It was the first company to introduce diesel taxis in Mumbai; Premier introduced the concept of Cool Cabs (A/C taxis) in Mumbai city and first Indian passenger car company to set up a Press plant at its Dombivli plant, in western India.

The company has received the ISO 9001 certification for quality management.

Products

Machine tools- Premier manufactures machine tools such as Special Purpose Machine, 3-axes and 6-axes CNC gear hobbing machine, horizontal machining centres, vertical machining centres and many more. The company markets the products under the brand name COOPER.

Vehicles- Under this, the auto major manufactures cargo carriers, ambulances, tippers and pick-up trucks. The company markets them under the name Sigma Express, Sigma Lifeline, Roadstar Tipper and Roadstar.

Engineering- Under, this the company provides total solutions in the production process staring from raw material to the finish goods inclusive of machining–line boring, honning, broaching, leak test, washing, etc.

Milestones

1944- Premier was incorporated.

1946- The company was appointed by the Government of India to act as a distributor on lease and lend military Dodge trucks.

1947- The company collaborated with Chrysler Corporation, USA to manufacture Dodge cars at its Kurla plant and rolled out India’s first car.

1950-The company entered into an agreement with Fiat Company, Italy, for the assembly and progressive manufacture of Fiat cars in India.

1951- The company took approval from Chrysler Corporation to manufacture components, such as radiators, mufflers, etc required for Dodge cars.

1954- Premier manufactured and marketed Fiat 1100 cars.

1956- Premier indigenised the production of petrol engines required for Chrysler Group cars and petrol trucks

1962- The company signed an agreement signed with Hendri Meadows, England, for manufacture of Meadows Engines to be used in the automobiles.

1963- Premier acquired land at Dombivli for setting up a press plant for sheet metal components and a factory for a new car project.

1964- The company started manufacturing of trucks and supplied the vehicles to the defence department.

1969- The company started export of commercial vehicles.

1973-The company started marketing of the cars under the brand name 'Premier'.

1982- The auto major set up a new production plant at Dombivli.

1984- The company entered into a technical collaboration agreement with Nissan for A-12 Engine for NE car.

1985-Premier launched a new model -- 118 NE.

1987- The company acquired the machine tool division manufacturing CNC machine tools at Chinchwad.

1991-The company launched Premier diesel vehicles for taxies and private use.

1995- The company entered into technical agreement with Fiat, SpA, Italy, for manufacture of Uno cars at Kurla.

1996- The company manufactured Uno car at its Kurla Plant.

1997- The company formed a joint venture with Fiat SpA, Italy, to form Ind Auto. The name was later changed to Fiat India.

1998- The company underwent a through restructuring of its business with Fiat.

Prototype Varica Van was procured from China Motors Corporation, (CMC), an affiliate of Mitsubishi.

1999- The company signed an agreement with Automobile Peugeot for TUD5-Engine.

2000- The company entered into technical assistance agreement with China Motors Corporation for Van and Pick–Up.

2001- The company's operations were moved to Pune.

2003- The company entered into contract with Tata Motors for painting van and pick-up bodies in their plant.

2009 - Premier launches compact SUV in India
2011 - Premier Wins The Fie Foundation Award At IMTEX 2011
Inauguration of Premier’s Technology Centre, Bangalore

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