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Punj Lloyd Ltd. Stock Analysis

Small Cap
Evaluated by 2983 users | BSE: 532693 | NSE: PUNJLLOYD |
Engineering - Construction
Punj Lloyd, incorporated in 1988, provides engineering, procurement, construction (EPC) & project management services. It provides services to oil & gas ,energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.The company has global presence in the...

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.
Punj Lloyd 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'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 10.44%7.13%2.68%3.41%4.26%4.3%-4.51%-10.52%-2.75%13.1%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6,8527,1174,2165,8788,3668,2294,8823,3483,7614,059
Y-o-Y Gr. Rt.-3.9%-40.8%39.4%42.3%-1.6%-40.7%-31.4%12.3%7.9%
Adjusted EPS (Rs.) 10.314.52-2.82-3.84-3.38-4.61-29.99-45.21-24.555.87
Y-o-Y Gr. Rt.--56.2%-162.4%NANANANANANANA
Book Value per Share (Rs.) 85.8107.57107.05114.5115.77112.8396.4359.735.984.81
Adjusted Net Profit 313150-93.6-127-112-153-996-1,502-821197
Net Op. Cash Flow (Rs. Cr.) -651-1,271957-240-161584-124-433543258
Debt to Cash Flow from Ops -4.52-2.763.46-18.04-31.449.12-41.87-14.3611.8425.78
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.
Punj Lloyd Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -5.7%-13.5%-6%7.9%
Adjusted EPS -6.1%NANANA
Book Value per Share -27.4-47.1-63.2-19.6
Share Price -33.7% -45.8% -60.1% 51.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 12.44.85-2.62-3.46-2.93-4.03-28.64-57.88-75.05108.55
Operating Profit Margin (%) 11.187.767.248.888.529.07-4.97-14.47-3.07-3.4
Net Profit Margin (%) 4.572.11-2.22-2.17-1.34-1.86-20.41-44.85-21.824.85
Debt to Equity 1.130.980.931.141.321.421.633.1332.141.21
Working Capital Days 2393276245264594927921,109964843
Cash Conversion Cycle 123177341273234264463666567489
Entity Percentage Holding
Promoters 13.90%
Institutions 3.38%
Non-Institutions 82.72%
Pledged *61.1161.1145.610.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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

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

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

Punj Lloyd Ltd. earnings have grown by 0%, whereas share price has depreciated -45.8% 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 Punj Lloyd Ltd. share prices over the last 10 years. Here is what we found out:

Punj Lloyd Ltd. share price has depreciated -36.7% annually over the past ten years.

Punj Lloyd, incorporated in 1988, provides engineering, procurement, construction (EPC) & project management services. It provides services to oil & gas ,energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.

The company has global presence in the Middle East, the Caspian, the Asia Pacific, Africa, South Asia, China and Read More

Punj Lloyd, incorporated in 1988, provides engineering, procurement, construction (EPC) & project management services. It provides services to oil & gas ,energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.

The company has global presence in the Middle East, the Caspian, the Asia Pacific, Africa, South Asia, China and Europe. It is spread across five continents and has 16 offices worldwide.Punj Lloyd holds ISO 9001:2000, ISO 14001:1996 and OHSAS 18001:1999 certifications.

Simon Carves & Sembawang Engineers & Constructors(SEC) are part of the Punj Lloyd Group, which has a combined experience of 150 years.

Its landmark projects include Baku-Tbilisi-Ceyhan pipeline - Georgia and Turkey, 1000 MW Jindal Power Plant - India, Panaran Pemping Gas Pipeline -Indonesia, elevated viaduct-Delhi Metro Rail Corporation - Delhi, among others.

Punj Lloyd has vision to become amongst the top five EPC companies by 2012 in the segment & market they serve.

It has serval projects under execution namely Panvel-Dabhol Pipeline Project-Phase-II - GAIL(India), East West Gas Pipeline Project - Reliance Gas Transportation Infrastructure, Uran-Trombay Gas Pipeline Project - ONGC, Sulphur Block for Bina Refinery Project - Bharat Oman Refinery, ONGC’s offshore Heera Redevelopment Project & many more.

During the year SEC received many projects that are valued more than $1.75 billion. They include Sentosa Resort World Project, Jurong Aromatics Project, MRT Circle Line - C 906, Marina Bay Sands (MBS) Project.

Punj Lloyd has received project from Qatar Petroleum worth $800 million.

Milestones

Punj Lloyd is the only company to have been awarded 5 star rating from British Safety Council for the BTC pipeline.

It is the first company to have completed its section of the Baku-Tbilisi-Ceyhan ( BTC )pipeline, eight months ahead of other contractors.

It is the only contractor globally to have experience of mechanical, civil and insulation work for LNG tanks.

It has completed 11 Refinery Modernisation projects in eight years .

It has worked in extreme temperatures ranging from -50° C to + 50° C.

2010

Opens offices in Hong Kong, Turkmenistan and Thailand
Wins India’s largest solar based EPC project 

2011

Opens office in Bahrain and Kenya.
Awarded a contract under the prestigious Jawaharlal Nehru National Solar Mission to develop a 5 MW solar PV plant in Jodhpur, Rajasthan

2012
Punj Lloyd received the 'Best Project' for East West Gas Pipeline at the D&B Bank Infra Awards 2012 in the Oil & Gas category

2013

First Offshore Project in the Middle East

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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