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Precision Wires India Ltd. Stock Analysis

Small Cap
Evaluated by 492 users | BSE: 523539 | NSE: PRECWIRE |
Cable
Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mahendra Mehta, Deepak Mehta and Milan Mehta. Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.86%8.6%7.16%10.53%8.61%10.95%12.15%18.32%19.02%14.32%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8749329769828818438841,4081,7581,526
Y-o-Y Gr. Rt.-6.7%4.7%0.6%-10.3%-4.2%4.8%59.2%24.9%-13.2%
Adjusted EPS (Rs.) 13.697.727.045.444.657.229.6316.0218.0513.09
Y-o-Y Gr. Rt.--43.6%-8.8%-22.7%-14.5%55.3%33.4%66.4%12.7%-27.5%
Book Value per Share (Rs.) 78.4282.887.4387.8280.7984.2391.99102.27114.77122.28
Adjusted Net Profit 31.717.916.312.610.816.722.33741.830.3
Net Op. Cash Flow (Rs. Cr.) 651.427.3632.244.713.19558.948.3
Debt to Cash Flow from Ops 1.1546.33.58.911.170.622.890.350.50.64
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.
Precision Wires India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.4%11.6%20%-13.2%
Adjusted EPS -0.5%23%10.8%-27.5%
Book Value per Share 5.18.6106.5
Share Price 10.4% 11.9% -18% -34.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.639.588.276.215.528.7410.9316.4916.6311.04
Operating Profit Margin (%) 7.34.624.25.465.56.096.036.175.294.76
Net Profit Margin (%) 3.621.921.671.281.221.982.522.632.371.98
Debt to Equity 0.410.340.470.260.20.140.180.140.110.11
Working Capital Days 9110099100959397736981
Cash Conversion Cycle 21242327343842201120
Entity Percentage Holding
Promoters 59.67%
Non-Institutions 40.33%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Precision Wire India's performance infers:

Precision Wire India earnings have grown by 23%, whereas share price has appreciated 11.9% 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 Precision Wire India share prices over the last 10 years. Here is what we found out:

Precision Wire India share price has appreciated 6% annually over the past ten years.

Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mahendra Mehta, Deepak Mehta and Milan Mehta.

Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in India. Our products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors. These are widely used by the electrical and

Precision Wires India Limited (PWIL) was set up in 1989 for the manufacture of Enamelled Copper Winding Wires. It was promoted by erstwhile Atlas Wires Limited (AWL), Mahendra Mehta, Deepak Mehta and Milan Mehta.

Precision Wires India Limited (PWIL) is the largest manufacturer of Enamelled Copper Winding Wires in India. Our products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors. These are widely used by the electrical and electronics industry across the globe. PWIL offers its customers a wide variety of wires and conductors, ranging from fine wire to conductors for large transformers.

The current installed capacity of the company is over 25,000 metric tonnes/annum. This capacity is further being increased with several expansion projects in the pipeline. PWIL has three manufacturing facilities located at Silvassa, Dadra Nagar Haveli and Palej, Gujarat

Rigorous quality measures and controls have ensured the popularity of PWIL’s wires. Precision Wires is an ISO 9001:2000 certified company. These quality controls have helped ensure that over the years, PWIL wires have been synonymous with the best in quality and durability

In recent years, PWIL has been increasingly targeting overseas markets. In the last fiscal year, exports accounted for over 15% of our sales volume.

Product range of the company includes:

  • Enamelled Round Winding Wires- PWIL today manufactures a wide range of Enamelled Round Winding Wires for use in electrical machines such as motors, generators, transformers, house hold appliances, auto-electricals, electrical hand tools, refrigeration (hermetic) motors, fans, switchgears, coils and relays, ballasts and etc.
  • Rectangular Winding Wires- Enamelled, taped and CTC

Achievements/ recognition:

  • IS, IEC, NEMA, JIS standards for winding wires
  • Their plants are certified for Quality Management System ISO 9001:2000/ISO TS 16949:2002
  • The company's several products are UL approved.   
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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