Parekh Platinum Ltd - Stock Valuation and Financial Performance

Name: Parekh Platinum
Brand: Parekh Platinum

BSE: 500323 | NSE: PAREKHPLAT | Diamond & Jewellery | Small Cap

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Parekh Platinum stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

8.79

Market Cap:

12.5 Cr.

52-wk low:

52-wk high:

2.1

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10 Year X-Ray of Parekh Platinum:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	TTM
ROCE % ⓘ	8.4%	6.3%	-17.8%	-7.4%	-11.8%	-28.6%	-5.8%	-25.4%	-7.6%	15.3%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	380	541	785	22.7	92.4	9.6	13.9	10.1	9.3	7.1	10
Sales YoY Gr.	-	42.5%	45.2%	-97.1%	307.9%	-89.6%	44.9%	-27.3%	-8.5%	-23.9%	-
Adj EPS ⓘ	1.8	0.9	-15.7	-7.2	-18.6	-12.8	-1.1	-4.2	-1.1	2.2	0.2
YoY Gr.	-	-49.7%	-1822%	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	38	54.3	24.7	-9.7	-35.9	-58.7	-75.2	-81.5	-83.1	-80	-55.3
Adj Net Profit ⓘ	6.9	5.4	-93.9	-31.4	-81	-55.8	-6.8	-25.2	-6.3	13.2	1
Cash Flow from Ops. ⓘ	7.5	-11.9	-37.6	-0.7	-0.2	3.4	0.3	-0.1	-1	-0.2	-
Debt/CF from Ops. ⓘ	13.1	-15.6	-6.6	-313.2	-1896.1	104.3	1627.1	-4589.4	-446.2	-2696.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-35.8%	-40.2%	-20.3%	-23.9%
Adj EPS ⓘ	2.2%	NA	NA	NA
BVPSⓘ	-208.6%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	TTM
Return on Equity % ⓘ	4.7	2.3	-53.1	-268.4	72	29.4	2.1	7.4	1.8	-3.7	-0.4
Op. Profit Mgn % ⓘ	7.9	8.2	-6.4	-249.5	-1	-40.8	-5.8	-6.3	-558.5	-104.1	9.3
Net Profit Mgn % ⓘ	1.8	1	-12	-138.6	-87.6	-580.4	-49	-249.2	-68	186.7	15
Debt to Equity ⓘ	0.7	0.8	2.3	-4.8	-2.7	-1.4	-1.4	-1.2	-1.2	-1.3	-
Working Cap Days ⓘ	146	201	138	1,785	645	5,308	4,466	5,838	5,335	5,688	1,878
Cash Conv. Cycle ⓘ	44	68	59	1,012	225	971	-796	-1,019	-1,230	-2,750	668

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Parekh Platinum Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.2	1.2
TTM Sales (₹ Cr.)	9.6	9.3
BVPS (₹.) ⓘ	-55.3	-56.8
Reserves (₹ Cr.) ⓘ	-391	-400
P/BV ⓘ	-0.04	-0.04
PE ⓘ	8.79	1.74

From the Market
52 Week Low / High (₹)	1.98 / 2.09
All Time Low / High (₹)	1.72 / 134.00
Market Cap (₹ Cr.)	12.5
Equity (₹ Cr.)	59.9
Face Value (₹)	10
Industry PE ⓘ	82.5

Management X-Ray of Parekh Platinum:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

9.31

9.29

9.32

9.38

9.39

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

Valuation of Parekh Platinum

Analyst's Notes

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Key Ratios of Parekh Platinum

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10
Sales	569.28	540.67	785.19	39.63	92.38	12.01	13.91	10.12	9.26	7.05
Operating Expenses ⓘ	524.31	498.06	835.63	139.22	95.94	17.07	15.91	15.09	61.55	14.38
Manufacturing Costs	2.57	3.67	4.53	7.10	57.97	1.52	1.10	1.04	1.68	1.16
Material Costs	507.96	480.18	819.32	101.79	29.74	7.87	10.30	5.90	6.59	5.02
Employee Cost	2.66	3.81	3.11	2.65	2.83	2.55	1.91	1.95	1.11	0.89
Other Costs ⓘ	11.13	10.41	8.68	27.68	5.40	5.13	2.60	6.20	52.17	7.31
Operating Profit ⓘ	44.97	42.61	-50.44	-99.59	-3.55	-5.07	-2	-4.97	-52.29	-7.34
Operating Profit Margin (%)	7.9%	7.9%	-6.4%	-251.0%	-3.8%	-42.2%	-14.4%	-49.1%	-564.0%	-104.0%
Other Income ⓘ	1.64	0.97	1.07	70.78	0.22	2.70	0.26	0.23	50.56	20.94
Interest ⓘ	23.94	28.14	34.26	44.17	68.59	19.10	0.05	0.03	0.03	0.02
Depreciation ⓘ	10.96	11	10.53	8.30	10.87	7.97	5.84	5.84	5.84	1.46
Exceptional Items ⓘ	0	-0.02	0	-69.97	0	-134.46	0	0	0	0
Profit Before Tax ⓘ	11.71	4.41	-94.16	-151.25	-82.79	-163.89	-7.63	-10.62	-7.60	12.13
Tax ⓘ	1.50	0.32	0	-46.85	0	0.04	0.02	17.64	-0.90	-1.14
Profit After Tax	10.21	4.10	-94.16	-104.39	-82.79	-163.93	-7.66	-28.25	-6.69	13.27
PAT Margin (%)	1.8%	0.8%	-12.0%	-263.0%	-89.6%	-1,365.4%	-55.1%	-279.0%	-72.3%	188.2%
Adjusted EPS (₹)	2.7	0.9	-21.6	-23.9	-19.0	-37.6	-1.8	-6.5	-1.5	3.0
Dividend Payout Ratio (%)	38%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10
Equity and Liabilities
Shareholders Fund	225.51	241.60	111.90	-70.98	-154.07	-320.37	-327.92	-355.82	-362.39	-349.14
Share Capital ⓘ	38.58	43.64	43.64	43.64	43.64	43.64	43.64	43.64	43.64	43.64
Reserves ⓘ	186.93	197.97	68.27	-114.62	-197.70	-364	-371.55	-399.45	-406.03	-392.78
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	148.13	184.80	248.53	357.73	426.81	441.04	441.11	441.04	442.13	442.17
Long Term Debt	148.13	184.80	248.53	357.73	426.81	441.04	441.11	441.04	442.13	442.17
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	89.03	124.09	46.95	28.79	73.57	131.95	130.34	126.99	86.69	67.38
Others Liabilities ⓘ	11.55	13.60	44.04	11.62	14.02	13.84	13.81	31.04	20.88	19.72
Total Liabilities ⓘ	474.22	564.09	451.42	327.16	360.33	266.46	257.34	243.25	187.31	180.12
Fixed Assets
Gross Block	237.74	234.70	236.01	245.98	246.62	129.54	129.59	129.60	129.61	129.58
Accumulated Depreciation	26.60	36.29	47.11	66.49	77.65	44.49	50.16	55.99	61.83	63.27
Net Fixed Assetsⓘ	211.14	198.41	188.90	179.49	168.97	85.05	79.43	73.60	67.78	66.31
CWIP ⓘ	3.65	4.77	4.26	3.81	3.81	3.81	3.81	3.81	3.81	3.81
Investmentsⓘ	0.48	0.49	0.44	0.43	0.08	0.08	0.08	0.08	0	0
Inventories	124.38	89.09	109.20	11.06	7.42	4.96	5.40	5.40	4.30	6.29
Trade Receivables	54.25	161.53	56.75	70.73	119	61.37	60.03	55.35	5.80	5.09
Cash Equivalents	7.47	12.76	6.46	0.83	0.76	0.72	0.83	0.64	0.66	0.54
Others Assetsⓘ	72.86	97.03	85.41	60.81	60.30	110.47	107.75	104.36	104.96	98.09
Total Assets ⓘ	474.22	564.09	451.42	327.16	360.33	266.46	257.34	243.25	187.31	180.12

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10
Cash Flow From Operating Activity ⓘ	11.29	-11.85	-37.57	-1.14	-0.23	4.23	0.27	-0.10	-0.99	-0.16
PBT ⓘ	11.27	4.14	-40.42	-81.28	-82.97	-29.43	-7.63	-10.62	-7.60	12.13
Adjustment ⓘ	34.53	39.27	44.03	52.75	82.10	26.36	6.99	10.13	5.87	1.31
Changes in Working Capital ⓘ	-26.47	-53.25	9.88	97.69	3.12	69.04	1.95	4.32	0.66	-13.73
Tax Paid ⓘ	-7.79	-0.83	-1	8.22	-0.36	-1.01	-0.02	-0.02	-0.02	0
Cash Flow From Investing Activity ⓘ	-82.99	-6.41	0.87	-2.98	-0.37	0.59	-0.21	0	0.08	0.01
Capex	-85.06	-7.10	0.30	-3.05	-0.72	0.57	-0.21	0	-0.01	0.01
Net Investments	1.25	-0.03	0.05	0	0.35	0	0	0	0.08	0
Others ⓘ	0.82	0.72	0.52	0.07	0	0.02	0	0	0.01	0
Cash Flow From Financing Activityⓘ	72.96	23.55	30.40	1.67	0.53	-4.85	0.04	-0.09	0.93	0.03
Net Proceeds from Shares ⓘ	3.81	13.49	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	94.42	36.67	63.73	1.67	0.53	-4.85	0.07	-0.07	0.94	0.04
Interest Paid ⓘ	-22.86	-26.19	-33.34	0	0	0	-0.03	-0.02	-0.02	-0.01
Dividend Paid ⓘ	-2.41	-0.42	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Net Cash Flow ⓘ	1.25	5.29	-6.30	-2.45	-0.07	-0.03	0.11	-0.19	0.02	-0.12

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Dec'03	Dec'04	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10
Ratios
ROE (%)	4.76	1.79	-54.66	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	11.3	8.24	-15.4	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.37	1.04	1.55	0.1	0.27	0.04	0.05	0.04	0.04	0.04
PAT to CFO Conversion(x)	1.11	-2.89	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-0.01
Working Capital Days
Receivable Days	31	73	51	580	372	2,635	1,549	1,991	1,164	276
Inventory Days	65	72	46	547	36	181	132	186	185	268
Payable Days	54	80	38	135	628	4,764	4,646	7,957	5,920	5,596

Parekh Platinum Ltd Stock News

Parekh Platinum Ltd FAQs

What is the share price of Parekh Platinum?

Company share prices are keep on changing according to the market conditions. The closing price of Parekh Platinum on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Parekh Platinum?

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 01-Jan-1970 05:30 the market cap of Parekh Platinum stood at ₹12.46.

What is the P/E ratio of Parekh Platinum?

The latest P/E ratio of Parekh Platinum as of 01-Jan-1970 05:30 is 8.79.

What is the P/B ratio of Parekh Platinum?

The latest P/B ratio of Parekh Platinum as of 01-Jan-1970 05:30 is -0.04.

What is the 52-week high and low of Parekh Platinum?

The 52-week high of Parekh Platinum is ₹2.09 and the 52-week low is ₹1.98.

What is the TTM revenue of Parekh Platinum?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Parekh Platinum is ₹9.56 ( Cr.) .

About Parekh Platinum Ltd

Incorporated in 1979, Parekh Platinum Ltd. today commands a major share of Indian market through its constant ongoing, conscious efforts towards improvement. The industrial products include primary metals, catalysts, chemicals and engineering products of precious metals. The parent company has been in business of precious metal from more than forty years. The product range includes consumer as well as industrial products of precious metals.

With the experience of generations in Bullion Trade, Parekh family entered the precious metal industry in the segment of silver metal refining and chemicals manufacturing in 1974 under the name of Jyoti Refinery. With the perseverance and hard work, the group achieved the leadership position in a short span of 5 years. In 1979, the group diversified into capacitor materials. In-house developed silver conductor materials found overwhelming support from capacitor industries. Within 2 years period, capacitor material market in India was virtually monopolized. Parekh Platinum was formally incorporated as a private limited company in 1982 and it took over all existing businesses of erstwhile Jyoti Refinery. The most significant decision PPL made in 1983 was to plunge into Platinum Group Metal segment. Within five years, PPL commanded 60% of Indian business in the field of speciality products of platinum group metals.

Parekh Platinum (PPL) stands out distinctly as one of the leaders in the field of precious metals, chemicals, metallurgical technologies and jewellery, catering to a wide spectrum of customers. The company is distinguished by its commitment to success in advancing its technologies. Over the past 18 years, PPL's scientists and engineers have invented and revolutionized materials and processes used in the manufacture of hundreds of products critical to major industries and also towards betterment of the quality of daily lives.

Parekh Platinum has been updating its technology and product portfolio through in-house Research & Development as well as through technical collaboration. The in- house Research & Development is done by technocrats from the field of chemistry & engineering who provide solutions to all difficulties arising in dealing with precious metals.

PPL is setting up a 155 MET. Gold Refinery Project in technical collaboration with Argor Hereaus S.A., Switzerland. This is a backward integration project and will give Parekh Platinum a strong foothold in the global precious market trade.

Continuous upgradation of products & services for customer benefit is a company policy. To implement the policy, constant feedback is obtained from customers on products & services provided and this is fed to the sales, production and research & development teams for improving products & services.

Product range of the company includes: