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Photoquip (India) Ltd Stock Analysis

Small Cap
Evaluated by 87 users | BSE: 526588 | NSE: |
Photographic Products
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...

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 15.67%13.96%1.68%-0.19%-6.72%-7.86%-1.53%1.31%-1.53%-6.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 61.282.377.691.410160.347.742.83827.4
Y-o-Y Gr. Rt.-34.4%-5.7%17.8%10.6%-40.3%-21%-10.2%-11.4%-27.9%
Adjusted EPS (Rs.) 8.699.070.06-3.35-8.52-9.02-3.84-1.81-3.04-6.03
Y-o-Y Gr. Rt.-4.4%-99.3%-5683.3%NANANANANANA
Book Value per Share (Rs.) 58.3467.4660.3756.1451.2247.643.3842.0239.2133.6
Adjusted Net Profit 4.24.40-1.6-4.1-4.3-1.8-0.9-1.5-2.9
Net Op. Cash Flow (Rs. Cr.) 1.3-3.40.110.4-0.1-33.12.42.71.8
Debt to Cash Flow from Ops 2.17-2.37208.971.07-127.76-4.493.744.353.755.63
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.
Photoquip (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8.6%-23%-16.9%-27.9%
Adjusted EPS -196%NANANA
Book Value per Share -6-8.1-8.2-14.3
Share Price -10.3% -9.5% -22.2% 29.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 16.2514.410.1-5.23-14.66-17.59-8.43-4.23-7.49-16.56
Operating Profit Margin (%) 9.99.31.921.84-2.43-5.72-0.712.23.28-2.45
Net Profit Margin (%) 6.815.290.04-1.76-4.04-7.17-3.86-2.02-3.85-10.57
Debt to Equity 0.10.250.560.410.530.590.550.510.530.64
Working Capital Days 149157198153123196230236239300
Cash Conversion Cycle 2411184382-11-5-1
Entity Percentage Holding
Promoters 59.07%
Institutions 0.07%
Non-Institutions 40.87%
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 Photoquip (India) Ltd's performance infers:

Photoquip (India) Ltd earnings have grown by 0%, whereas share price has depreciated -9.5% 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 Photoquip (India) Ltd share prices over the last 10 years. Here is what we found out:

Photoquip (India) Ltd share price has depreciated -11.9% annually over the past ten years.

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 &

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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