Photoquip (India) Ltd - Stock Valuation and Financial Performance

BSE: 526588 | NSE: | Photographic Products | Small Cap

Photoquip India Share Price

21.01 -0.84 -3.84%
as on 28-Mar'24 16:01

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Photoquip (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
12.6 Cr.
52-wk low:
15.7
52-wk high:
36.2

Is Photoquip (India) Ltd an attractive stock to invest in?

1. Is Photoquip (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Photoquip (India) Ltd is a below average quality company.

2. Is Photoquip (India) Ltd undervalued or overvalued?

The key valuation ratios of Photoquip (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Photoquip (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Photoquip (India) 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 Photoquip India:

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.
Photoquip (India) 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 % -0.2%-6.7%-7.9%-1.5%1.3%-1.5%-6.6%-8.1%-6.3%-16.8%-
Value Creation
Index
-1.0-1.5-1.6-1.1-0.9-1.1-1.5-1.6-1.5-2.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 91.410160.347.742.83827.411.412.411.614
Sales YoY Gr.-10.6%-40.3%-21%-10.2%-11.4%-27.9%-58.6%9.3%-6.5%-
Adj EPS -3.4-8.5-9-3.8-1.8-3-6-6.5-4.9-8.6-6.1
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 56.151.247.643.44239.233.62924.215.611.8
Adj Net
Profit
-1.6-4.1-4.3-1.8-0.9-1.5-2.9-3.1-2.4-4.1-4
Cash Flow from Ops. 10.4-0.1-33.12.42.71.8-1.11.90.7-
Debt/CF from Ops. 1.1-127.8-4.53.74.43.85.6-10.85.315.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -20.5%-23%-24.9%-6.5%
Adj EPS NANANANA
BVPS-13.3%-18%-22.6%-35.4%
Share Price -4% -2.4% 44% 27.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-5.2-14.7-17.6-8.4-4.2-7.5-16.6-20.7-18.5-43.1-44.5
Op. Profit
Mgn %
1.8-2.4-5.7-0.72.23.3-2.5-25.3-3-15.2-13.8
Net Profit
Mgn %
-1.8-4-7.2-3.9-2-3.9-10.6-27.4-19-35.4-26.6
Debt to
Equity
0.40.50.60.60.50.50.60.80.91.4-
Working Cap
Days
15312319623023623930052631624989
Cash Conv.
Cycle
4382-11-5-199141135-1

Recent Performance Summary

Sales growth is good in last 4 quarters at 19.58%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -24.88%

Debt to equity has increased versus last 3 years average to 1.42

Latest Financials - Photoquip (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -6.1 -
TTM Sales (₹ Cr.) 13.7 -
BVPS (₹.) 11.8 -
Reserves (₹ Cr.) 1 -
P/BV 1.78 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 15.65 / 36.20
All Time Low / High (₹) 1.50 / 58.90
Market Cap (₹ Cr.) 12.6
Equity (₹ Cr.) 6
Face Value (₹) 10
Industry PE 13.7

Management X-Ray of Photoquip India:

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 Photoquip India

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
Sales91.42101.1460.3447.6742.8337.9627.3911.3512.4111.61
Operating Expenses 91.30103.6363.794841.8936.7228.0614.2212.7813.38
Manufacturing Costs0.990.550.210.210.350.200.240.140.030.01
Material Costs74.6084.3350.8040.1433.2928.1020.299.729.879.84
Employee Cost 5.696.424.554.464.294.263.551.141.091.27
Other Costs 10.0112.348.233.193.964.173.983.221.792.25
Operating Profit 0.13-2.49-3.45-0.340.941.24-0.67-2.87-0.37-1.77
Operating Profit Margin (%) 0.1%-2.5%-5.7%-0.7%2.2%3.3%-2.5%-25.3%-3.0%-15.2%
Other Income 0.510.382.110.360.640.330.922.450.250.32
Interest 2.182.011.941.881.821.441.551.441.271.11
Depreciation 1.691.871.910.700.730.720.940.810.690.68
Exceptional Items 01.580.530-0.08001.2600
Profit Before Tax -3.23-4.42-4.66-2.55-1.06-0.60-2.24-1.41-2.09-3.24
Tax -0.53-1.46-1.14-0.81-0.420.750.470.780.260.87
Profit After Tax -2.70-2.96-3.52-1.74-0.64-1.34-2.71-2.19-2.34-4.10
PAT Margin (%) -3.0%-2.9%-5.8%-3.7%-1.5%-3.5%-9.9%-19.3%-18.9%-35.3%
Adjusted EPS (₹)-5.6-6.2-7.3-3.6-1.3-2.8-5.7-4.6-4.9-8.6
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 29.4126.3722.8520.8320.1718.8316.1313.9411.597.49
Share Capital 4.804.804.804.804.804.804.804.804.804.80
Reserves 24.6121.5718.0516.0215.3714.0311.339.146.792.69
Minority Interest0000000000
Debt9.6410.9011.359.619.969.569.9810.889.5710.10
Long Term Debt4.763.011.520.044.804.674.415.154.714.83
Short Term Debt4.887.909.839.575.164.905.585.734.865.28
Trade Payables11.3912.8710.1312.369.709.159.591.501.020.72
Others Liabilities 2.281.33-0.02-1.44-2.77-1.63-1.09-2.13-2.21-1.40
Total Liabilities 52.7251.4844.3141.3637.0535.9134.6124.1919.9716.91

Fixed Assets

Gross Block19.2721.4418.6018.6619.5719.8422.0820.9621.0221.03
Accumulated Depreciation6.177.206.957.648.308.699.6310.3211.0211.69
Net Fixed Assets13.1014.2311.6511.0111.2811.1512.4510.64109.34
CWIP 0.030.2700000000
Investments 0.030.030.030.060.060.060.070.050.090.09
Inventories7.9110.167.269.599.129.019.535.905.224.21
Trade Receivables4.212.694.950.931.070.470.810.670.740.38
Cash Equivalents 2.641.671.280.040.130.481.311.150.380.84
Others Assets24.7922.4219.1419.7215.4014.7310.445.773.542.06
Total Assets 52.7251.4844.3141.3637.0535.9134.6124.1919.9716.91

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 10.37-0.10-2.983.062.362.651.84-1.051.880.67
PBT -3.23-4.42-4.66-2.55-1.06-0.60-2.24-1.41-2.09-3.24
Adjustment 3.251.402.422.351.692.092.231.232.491.95
Changes in Working Capital 10.372.96-0.693.891.750.992.24-0.861.441.95
Tax Paid -0.01-0.04-0.06-0.62-0.030.16-0.3900.040
Cash Flow From Investing Activity -4.22-0.863.980.03-0.80-0.46-0.671.490.780.28
Capex -4.46-1.132.94-0.06-0.90-0.61-0.011.37-0.06-0.02
Net Investments 000000-0.010.02-0.040
Others 0.240.271.040.090.110.16-0.650.090.880.30
Cash Flow From Financing Activity -7.47-0.12-1.51-3.61-1.48-1.84-1.31-0.67-2.69-0.50
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.92-1.12-1.50-1.485.06-0.13-0.260.74-0.440.12
Interest Paid -2.18-2.01-1.94-1.88-1.82-1.44-1.44-1.41-1.26-1.10
Dividend Paid 0000000000
Others -4.363.011.93-0.25-4.72-0.260.39-0.01-10.49
Net Cash Flow -1.31-1.09-0.51-0.520.080.36-0.14-0.23-0.030.45
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-9.66-11.5-14.85-7.98-3.12-6.89-15.51-14.58-18.36-43
ROCE (%)-2.53-6.37-7.37-1.962.452.86-2.50.11-3.49-10.73
Asset Turnover Ratio1.621.941.261.141.11.040.780.390.570.64
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days14122322879232017
Inventory Days363353637987124245161145
Payable Days5353831021211221692084632

Photoquip (India) Ltd Stock News

Photoquip (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Photoquip India on 28-Mar-2024 16:01 is ₹21.01.
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 28-Mar-2024 16:01 the market cap of Photoquip India stood at ₹12.61.
The latest P/E ratio of Photoquip India as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Photoquip India as of 28-Mar-2024 16:01 is 1.78.
The 52-week high of Photoquip India is ₹36.20 and the 52-week low is ₹15.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Photoquip India is ₹13.74 ( Cr.) .

About Photoquip (India) Ltd

In the early years, when processing and printing of photographs was done manually, studio lighting was done with tungsten bulbs, which gave very good results. But, with the advent of photo finishing machines, problems arose as photographs started developing casts due to the tungsten lamp. The problem encouraged the founder of the company J. P. Soni to learn quickly the technology for manufacturing studio flash systems. And in 1976, with the singular aim to equip every photographer & studio with state-of-art equipment at most affordable prices, he formed Photoquip - the professional studio system lab. Later in 1984, Photoquip collaborated with Elinchrom - the world’s leading studio flash system manufacturer - with a view to export studio flash systems to Switzerland.

A decade after its formation, Photoquip felt the need to grow at a quicker pace, and the company went public with Photoquip India Ltd. The company's unique position and strength enabled them to get sole distribution rights to the Italian giants Manfrotto, Gitzo (France) for lighting supports, camera tripods/heads and accessories and Nissin (Japan) for flashguns.  Photoquip, over the decades, has been understanding and catering to the needs of the photographic fraternity, and has dedicatedly ensured that every photo studio is equipped with the best equipment that meets the most stringent requirements. In 1998, Photoquip realised the customer's need in the market for a good, affordable, easy-to-use and world-class quality cameras, and hence diversified from professional products into the consumer market. Thus KLIK, which was registered by the company decades ago, was re-launched, and it established itself as a popular brand within a very short period. The camera was targeted at families wanting to click away at social gatherings without much fuss. The range launched as the middle class budget camera, became a runaway hit.  In 2001, Photoquip launched into a vigorous R&D campaign for unearthing the digital solution for Gretag Masterlabs, considering the huge market potential for a cost effective digital machine. And after four years of untiring research, Photoquip now proudly introduces Digital Combo - a complete digital upgrade for Gretag Masterlab 740.  Photoquip intends to continue offering the Indian customer the benefits of all the latest world-class technology, packaged in its quality products, at the most competitive and affordable prices. In future, Photoquip aims to bridge the gap in technology and keep delivering in all sincerity, the photographic fraternity and even the fun loving photo enthusiast, with the best products at the best prices.

Product range of the company includes:

Lights

  • Mono Lights
  • Power Packs
  • Special Effect Lights

Accessories

  • Soft Boxes
  • Reflectors and Grid
  • Snoot with Grid
  • Barndoor Set 21
  • Mini Spot
  • Umbrellas
  • Stands  

Lab

  • Digital Combo
  • Digital Eco
  • Digital Infinity

Read More Read Less
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