PG Electroplast Ltd - Stock Valuation and Financial Performance

BSE: 533581 | NSE: PGEL | Consumer Durables - Domestic Appliances | Small Cap

PG Electroplast Share Price

375.70 -19.00 -4.81%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on PG Electroplast

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

PG Electroplast stock performance -

mw4me loader
P/E Ratio (SA):
125.62
Market Cap:
9,805 Cr.
52-wk low:
143.6
52-wk high:
410

Is PG Electroplast Ltd an attractive stock to invest in?

1. Is PG Electroplast Ltd a good quality company?

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

2. Is PG Electroplast Ltd undervalued or overvalued?

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

3. Is PG Electroplast Ltd a good buy now?

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

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.
PG Electroplast 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 % -5.3%1.3%4.2%4.6%6%6.2%4.3%6.7%9.5%10.9%-
Value Creation
Index
-1.4-0.9-0.7-0.7-0.6-0.6-0.7-0.5-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2182392603663995086397031,0361,3311,418
Sales YoY Gr.-9.4%9%40.8%9%27.3%25.8%10%47.3%28.5%-
Adj EPS -1.2-0.30.10.20.50.50.20.61.523
YoY Gr.-NANA66.7%125%17.8%-62.3%205%144.3%35.6%-
BVPS (₹) 7.57.27.37.589.199.714.415.636.2
Adj Net
Profit
-19.9-4.51.93.27.510411.931.745.878
Cash Flow from Ops. 16-10.121.2642.41927.757.3-38.1142-
Debt/CF from Ops. 5.5-8.93.918.736.86.83.2-6.91.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.3%27.2%27.7%28.5%
Adj EPS NA35%116.2%35.6%
BVPS8.5%14.3%19.9%8.1%
Share Price 38% 136.1% 110.2% 138.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-15-3.81.62.75.96.72.36.512.713.811.6
Op. Profit
Mgn %
-1.34.975.76.26.15.56.876.88.5
Net Profit
Mgn %
-9.1-1.90.70.91.920.61.73.13.45.5
Debt to
Equity
0.70.80.70.910.81.110.90.50
Working Cap
Days
17516516013213311511413112810787
Cash Conv.
Cycle
3945615056485055615154

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.60%

Sales growth is growing at healthy rate in last 3 years 27.69%

Net Profit is growing at healthy rate in last 3 years 116.16%

Debt to equity has declined versus last 3 years average to 0.51

Sales growth is not so good in last 4 quarters at 9.58%

Latest Financials - PG Electroplast Ltd.

Standalone Consolidated
TTM EPS (₹) 3 5.2
TTM Sales (₹ Cr.) 1,418 2,746
BVPS (₹.) 36.2 39.8
Reserves (₹ Cr.) 918 1,012
P/BV 10.39 9.44
PE 125.62 72.68
From the Market
52 Week Low / High (₹) 143.60 / 410.00
All Time Low / High (₹) 2.62 / 410.00
Market Cap (₹ Cr.) 9,805
Equity (₹ Cr.) 26.1
Face Value (₹) 1
Industry PE 76.2

Management X-Ray of PG Electroplast:

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 PG Electroplast

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
Sales2182392603663995086397031,0361,331
Operating Expenses 2212272423463754786046559631,243
Manufacturing Costs11141720192232333942
Material Costs1841841912813093995045578351,098
Employee Cost 17222633354054557079
Other Costs 88812121615112023
Operating Profit -3121821253135487388
Operating Profit Margin (%) -1.5%4.9%6.9%5.7%6.1%6.0%5.5%6.8%7.0%6.6%
Other Income 633353741010
Interest 12101010111015181921
Depreciation 1191011121316182021
Exceptional Items 000000-2-100
Profit Before Tax -20-5237109154457
Tax 000000741113
Profit After Tax -20-5237103123344
PAT Margin (%) -9.3%-1.9%0.7%0.9%1.9%2.0%0.4%1.7%3.2%3.3%
Adjusted EPS (₹)-1.2-0.30.10.20.50.50.10.61.61.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 122118120123131169176191306354
Share Capital 16161616161920202123
Reserves 106101103107114150157171284331
Minority Interest0000000000
Debt78807696115118173153237151
Long Term Debt46404248805069879085
Short Term Debt3141334836681046614767
Trade Payables634262746592106153197122
Others Liabilities 192526353632448283102
Total Liabilities 282266284329347411500579823729

Fixed Assets

Gross Block169182197173201228305340358394
Accumulated Depreciation324151102235516784101
Net Fixed Assets138141146162179193254273274292
CWIP 261323345612
Investments 2500000007678
Inventories1733466359688593203124
Trade Receivables504454675185101147173131
Cash Equivalents 00144618172919
Others Assets50413629312537436783
Total Assets 282266284329347411500579823729

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 16-1021642192857-38142
PBT -20-5237109154457
Adjustment 19181821212734394243
Changes in Working Capital 18-282-1813-16-132-12148
Tax Paid -14-1-10-2-21-2-6
Cash Flow From Investing Activity -219-4-23-50-36-63-44-95-51
Capex -4-9-9-29-49-36-58-43-4-44
Net Investments 12526-10-6-2-83-3
Others 22300011-9-4
Cash Flow From Financing Activity -15-8-161961943-17139-101
Net Proceeds from Shares 00000004443
Net Proceeds from Borrowing -5-701429-32336-2-1
Interest Paid -11-11-10-10-10-10-15-18-20-21
Dividend Paid 0000000000
Others 19-714-123335-39117-81
Net Cash Flow 0002-128-47-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-15.31-3.781.62.775.896.631.516.3313.2813.41
ROCE (%)-3.942.715.636.067.347.347.259.0713.2313.99
Asset Turnover Ratio0.840.951.051.331.221.341.41.31.481.72
PAT to CFO Conversion(x)N/AN/A10.5261.99.334.75-1.153.23
Working Capital Days
Receivable Days65666254524953645642
Inventory Days34355049544644465245
Payable Days74706666625656665640

PG Electroplast Ltd Stock News

PG Electroplast Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PG Electroplast on 12-Jul-2024 16:01 is ₹375.7.
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 12-Jul-2024 16:01 the market cap of PG Electroplast stood at ₹9,805.
The latest P/E ratio of PG Electroplast as of 12-Jul-2024 16:01 is 125.6.
The latest P/B ratio of PG Electroplast as of 12-Jul-2024 16:01 is 10.39.
The 52-week high of PG Electroplast is ₹410.0 and the 52-week low is ₹143.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PG Electroplast is ₹1,418 ( Cr.) .

About PG Electroplast Ltd

PG Electroplast is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India. It manufacture and/or assemble a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also do plastic injection moulding and manufacture Printed Circuit Boards (PCB) assemblies for CTVs, DVD players and CFL. Some of its clients include leading brands in the electronic products market.

It has four operational manufacturing facilities located at Greater Noida in Uttar Pradesh (Unit I and Unit III), at Roorkee in Uttrakhand (Unit II), and at Ahmednagar in Maharshtra (Unit IV). It commenced manufacturing operations at Unit I in Greater Noida facility in FY 2002-03, at Unit II in Roorkee facility in FY 2007-08, at Unit III in Greater Noida in FY 2011-12 and at Unit IV in Ahmednagar in FY 2010-11.

At present, it has a consolidated installed capacity of manufacturing 16,00,000 pieces p.a. of PCB assemblies for CTVs and DVD players; 16,056 tonnes p.a. for plastic injection moulding; 16,05,000 sets p.a. of CTVs; 30,00,000 pieces p.a. of PCB assemblies for CFL; 30,00,000 pieces p.a. of CFL assemblies; and 3,00,000 pieces of DVD players at its manufacturing facilities in Greater Noida (Unit I and Unit III), Roorkee (Unit II) and Ahmednagar (Unit IV).

Business of the company

  • Plastic Moulding
  • PCB Assemblies also called PCBA
  • Colour TVs assembly
  • CFL Manufacturing
  • VCD/DVD Players
  • Water Purifier Manufacturing

Awards & Recognition

  • 3rd prize in Business Partners Excellence Award, 2004, in the moulding category by LG Electronics India Private Limited
  • Business Partners Excellence Award, 2005, for innovation and six sigma by LG Electronics India Private Limited
  • Business Partners Excellence Award, Q1 2006, in the moulding category by LG Electronics India Private Limited
  • Business Partners Excellence Award, Q2 2006, for best improvement in quality by LG Electronics India Private Limited
  • “Q” Achiever Award, 2006-07, by MIRC Electronics Limited
  • Excellence Award, Q2 2007, for best performance in Q, C, D in Molding category by LG Electronics India Private Limited
  • Excellence Award, 2008, for best performance in Q, C, D in Molding category by LG Electronics India Private Limited
  • FEPS Implementation Award, H1 2009, by LG Electronics India Private Limited
  • Best Quality Award, Q3 2009, by LG Electronics India Private Limited
  • Certificate of Participation for DOL TDR Activity in Q4 2009 by LG Electronics India Private Limited
  • Best Innovation Award for ILO Support activity in Q2 2010 by LG Electronics India Private Limited
  • Appreciation award for achieving Level 2 in Leveled Production by LG Electronics India Private Limited
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