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Pokarna Ltd. Stock Analysis

Small Cap
Evaluated by 799 users | BSE: 532486 | NSE: POKARNA |
Ceramics/Marble/Granite/Sanitaryware
Pokarna Ltd., a Pokarna Group company founded in 1991 under the vision of Gautam Chandra Jain is the India's No. 1 granite company and one of the largest exporters of natural stone from India dealing in over 80 premium colors and exporting to different parts of globe.Today Pokarna is a well...

Analysis of Financial Track Record

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.
Pokarna Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -0.03%-0.57%2.72%9.83%13.61%24.85%22.47%13.96%20.12%15%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 167181204231326394367337462394
Y-o-Y Gr. Rt.-8.4%12.6%13.3%41.5%20.7%-6.8%-8.4%37.3%-14.8%
Adjusted EPS (Rs.) -7.05-10.56-5.572.467.3119.8421.1612.724.8122.22
Y-o-Y Gr. Rt.-NANANA197.2%171.4%6.7%-40%95.4%-10.4%
Book Value per Share (Rs.) 16.987.155.018.3117.1131.2248.6761.7587.23109.24
Adjusted Net Profit -21.9-32.7-17.37.622.761.565.639.476.968.9
Net Op. Cash Flow (Rs. Cr.) 15.843.27.8-15.460.810611177.1108379
Debt to Cash Flow from Ops 15.65.4935.16-20.24.772.572.443.242.20.76
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Pokarna Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10%3.8%2.4%-14.8%
Adjusted EPS NA24.9%1.6%-10.4%
Book Value per Share 2344.930.925.2
Share Price 25.2% -8.6% -14.2% -18.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -34.21-86.96-91.6236.9257.5582.1252.9723.0133.322.62
Operating Profit Margin (%) 14.8116.2417.4521.3826.2434.2835.328.231.6133.79
Net Profit Margin (%) -13.1-18.11-8.493.316.9515.6217.8611.716.6417.49
Debt to Equity 4.6911.3617.6412.045.472.811.791.30.880.85
Working Capital Days 224227208212173164203238192213
Cash Conversion Cycle 1181391361381091061241409487
Entity Percentage Holding
Promoters 56.66%
Institutions 9.77%
Non-Institutions 33.57%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Pokarna Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Pokarna Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Pokarna Ltd.'s performance infers:

Pokarna Ltd. earnings have grown by 24.9%, whereas share price has depreciated -8.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Pokarna Ltd. share prices over the last 10 years. Here is what we found out:

Pokarna Ltd. share price has depreciated 20.6% annually over the past ten years.

Pokarna Ltd., a Pokarna Group company founded in 1991 under the vision of Gautam Chandra Jain is the India's No. 1 granite company and one of the largest exporters of natural stone from India dealing in over 80 premium colors and exporting to different parts of globe.

Today Pokarna is a well reputed name in granite industry, Pokarna prides itself as being the largest exporter of finished granite in India and one of the largest in Asia with export over 12 countries globally across Europe,

Pokarna Ltd., a Pokarna Group company founded in 1991 under the vision of Gautam Chandra Jain is the India's No. 1 granite company and one of the largest exporters of natural stone from India dealing in over 80 premium colors and exporting to different parts of globe.

Today Pokarna is a well reputed name in granite industry, Pokarna prides itself as being the largest exporter of finished granite in India and one of the largest in Asia with export over 12 countries globally across Europe, middle east and predominately North America.

They process granite at two state of the art manufacturing facilities where their magic with granite begins with raw material from their own quarries as well as carefully identified independent ones.

For three decades & more, one group of companies - POKARNA - dared to be different, dared to be impractical and dared to do just about anything to assert integrity of purpose and imaginative wisdom against the creatures of the common place, the slaves of the ordinary. It dared to be different by pushing the envelope, by breaking the boundaries. The group that began life with textiles soon became the country's No. 1. In this remarkable journey to success and perfection, it picked up 30 years of experience in developing, marketing and distributing India 's largest premium brand to the fashion conscious Indian male.

Pokarna Group then diversified into granite processing for export and achieved the position of No 1 again. On this bedrock of financial strength, the group launched the apparels division –‘Stanza’

Product range of the company includes:

The company is engaged in the processing and export of granite in different colours:

  • Slabs
  • Tiles
  • Rough block
  • Cut to size

Achievements/ recognition:-

  • The Rocky Award 2005
  • Fastest growing and largest granite & stone company in India
  • Best exporter performance award, and many more
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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