Pricol Ltd - Stock Valuation and Financial Performance

BSE: 540293 | NSE: PRICOLLTD | Auto Ancillary | Small Cap

Pricol Share Price

389.20 8.10 2.13%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Pricol

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Pricol stock performance -

mw4me loader
P/E Ratio (SA):
41.39
Market Cap:
4,742.4 Cr.
52-wk low:
193.2
52-wk high:
442.3

Is Pricol Ltd an attractive stock to invest in?

1. Is Pricol Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pricol Ltd is a average quality company.

2. Is Pricol Ltd undervalued or overvalued?

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

3. Is Pricol Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pricol Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Pricol:

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.
Pricol Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%6.6%10.7%7.7%-5.2%-6.7%6.9%8.6%16.3%-
Value Creation
Index
NANA-0.5-0.2-0.5-1.4-1.5-0.5-0.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 001221,2661,3181,3771,2001,3901,5231,9282,130
Sales YoY Gr.-NANA940.7%4.2%4.5%-12.9%15.8%9.6%26.5%-
Adj EPS 000.34.46.3-5.8-7.323.68.79.4
YoY Gr.-NANA1380%41.2%-193.1%NANA78.1%143.3%-
BVPS (₹) 005.178.482.56040.34346.655.662.7
Adj Net
Profit
003.447.366.9-62.3-78.124.543.6106115
Cash Flow from Ops. 001.886.214684.7181128189148-
Debt/CF from Ops. 001.11.30.93.11.91.80.70.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA7.9%17.1%26.5%
Adj EPS NA6.8%NA143.3%
BVPSNA-7.6%11.4%19.4%
Share Price - 64.9% 79.3% 95.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
005.910.67.8-8.2-14.65.2817.115.9
Op. Profit
Mgn %
006.210.6137.17.313.311.311.111.5
Net Profit
Mgn %
002.83.75.1-4.5-6.51.82.95.55.4
Debt to
Equity
0000.10.10.40.80.40.20.1-
Working Cap
Days
0005812813713911811910350
Cash Conv.
Cycle
000112836312335356

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.90%

Sales growth is growing at healthy rate in last 3 years 17.11%

Sales growth is good in last 4 quarters at 20.83%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Pricol Ltd.

Standalone Consolidated
TTM EPS (₹) 9.4 10.6
TTM Sales (₹ Cr.) 2,130 2,152
BVPS (₹.) 62.7 65.8
Reserves (₹ Cr.) 752 790
P/BV 6.20 5.91
PE 41.39 36.79
From the Market
52 Week Low / High (₹) 193.15 / 442.30
All Time Low / High (₹) 19.47 / 442.30
Market Cap (₹ Cr.) 4,742
Equity (₹ Cr.) 12.2
Face Value (₹) 1
Industry PE 46.3

Management X-Ray of Pricol:

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1221,2661,3181,3771,2001,3901,5231,928
Operating Expenses 1141,1331,1671,2851,1151,2201,3531,716
Manufacturing Costs243384337353544
Material Costs978198459668429651,0741,377
Employee Cost 11170160164148158186220
Other Costs 510112411289615874
Operating Profit 71331519385171171212
Operating Profit Margin (%) 5.9%10.5%11.5%6.7%7.1%12.3%11.2%11.0%
Other Income 3571013774
Interest 19121931412718
Depreciation 966728093918176
Exceptional Items 800-232-1910010
Profit Before Tax 96274-228-2174770131
Tax 016210-4322719
Profit After Tax 94753-228-2131543113
PAT Margin (%) 7.4%3.7%4.1%-16.5%-17.7%1.1%2.8%5.8%
Adjusted EPS (₹)0.84.45.0-21.4-20.01.23.69.2
Dividend Payout Ratio (%)0%20%18%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 57836879640429524568678
Share Capital 109999121212
Reserves 47826870631420511556666
Minority Interest00000000
Debt0901142432921869677
Long Term Debt01318972041869327
Short Term Debt07796146880351
Trade Payables21201250207262272286292
Others Liabilities 6115147171205217248230
Total Liabilities 831,2411,3911,2601,1881,1981,1981,278

Fixed Assets

Gross Block858008159471,0331,0131,0831,147
Accumulated Depreciation35125158272364417500570
Net Fixed Assets50675657674668596583577
CWIP 01827142120815
Investments 01261675961757174
Inventories7154192179171239236270
Trade Receivables21174206192169182237261
Cash Equivalents 179111328316
Others Assets48613213185575865
Total Assets 831,2411,3911,2601,1881,1981,1981,278

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 28614685181128189148
PBT 96274-228-2174770131
Adjustment 97710332930514810179
Changes in Working Capital -16-41-11-2093-6626-32
Tax Paid -1-12-2040-1-9-30
Cash Flow From Investing Activity 6-128-142-188-234-35-68-70
Capex 5-83-107-93-30-29-42-84
Net Investments 0-46-42-94-105-8-24-3
Others 016-1-993-217
Cash Flow From Financing Activity -737-410451-79-137-63
Net Proceeds from Shares 000008000
Net Proceeds from Borrowing 00083139-34-108-87
Interest Paid 0-8-11-18-28-33-25-18
Dividend Paid 0-11-11-110000
Others -7571950-59-91-441
Net Cash Flow 0-401-214-1615
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.6110.456.24-30-39.813.077.9518.07
ROCE (%)16.6114.168.84-21.97-22.1911.4113.4220.44
Asset Turnover Ratio1.642.111.021.040.991.171.271.56
PAT to CFO Conversion(x)0.221.832.75N/AN/A8.534.41.31
Working Capital Days
Receivable Days5626525354465047
Inventory Days2021474953545748
Payable Days784997861021019577

Pricol Ltd Stock News

Pricol Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pricol on 28-Mar-2024 16:01 is ₹389.2.
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 Pricol stood at ₹4,742.4.
The latest P/E ratio of Pricol as of 28-Mar-2024 16:01 is 41.39.
The latest P/B ratio of Pricol as of 28-Mar-2024 16:01 is 6.20.
The 52-week high of Pricol is ₹442.3 and the 52-week low is ₹193.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pricol is ₹2,130 ( Cr.) .

About Pricol Ltd

Pricol Limited (formerly known as Premier Instruments & Controls Ltd) commenced its operations in 1975 in Coimbatore, South India in the manufacture of automotive instruments. Committed to leadership and excellence and guided by its core values, Pricol continues its stride as a reputable global brand in the automotive component and products business.

Presently, the company provides leading automobile and industrial brands with precision-engineered technological solutions in various countries with thousands of product variants. Pricol group is powered by strong, dedicated and skilled workforce across many countries which resolutely pursues the mission to be passionate, sustainable, dynamic and evolving.

Business area of the company

The company is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.

Product and solutions

By Vehicle segments

  • 2 Wheelers
  • 3 Wheelers
  • Cars and Vans
  • Tractors
  • Commercial Vehicles
  • Off Road Vehicles
  • Industrial

By Verticals

  • Driver information systems and sensors
  • Pumps and allied products
  • Telematics
  • Wiping systems

Awards and recognitions

  • 2015-2016: Plants 3 and 4 win the CII Award
  • 2016: Pricol wins third prize in ACMA South Region 8th Kaizen
  • 2016: The company’s plant 6, bags Quality Gold Consistency Award
  • 2016: Pricol Plant 5 wins at the CII Regional Kaizen Competition
  • 2016: Pricol wins the IEI Industry Excellence Award
  • 2016: Pricol plant 5 team bags the Golden Bajaj Quality Award
  • 2016-17: Pricol wins National Award For Outstanding Industrial Relations
  • 2017: Pricol wins the Business Excellence Leader Award
  • 2018: Pricol wins Clean India Mission & CSR Activities

History & Milestone

  • 1975: Commencement of commercial Production at Plant I. Creation of Trade Mark- PRICOL. (Premier Instruments Coimbatore Limited).
  • 1981: Name of company changed to Premier Instruments & Controls Limited from Premier Instruments Coimbatore Limited.
  • 1988: Established Plant II at Gurgaon, Which commenced commercial operations from May 1988.
  • 1993: Listing in The Stock Exchange, Mumbai and Coimbatore Stock Exchange.
  • 1996: Listing in National Stock Exchange, Mumbai.
  • 1999: Established Plant III at, Chinnamathampalayam, Coimbatore, which commenced commercial production in September 1999.
  • 2004: Name of company changed to Pricol Limited from Premier Instruments & Controls Limited.
  • 2004: Plant II Shifted to expanded own premises at Manesar, National Capital Region.
  • 2007: Incorporation of PT Pricol Surya, Wholly owned Subsidiary in Indonesia.
  • 2008: Production commenced at Plant VI at Pantnagar, Uttarakhand.
  • 2011: Incorporation of Pricol Pune Limited, Wholly Owned Subsidiary in Pune.
  • 2015: Acquisition of “Melling do Brasil Componentes Automotivos LtdA”, Brazil Subsequently the name was changed to “Pricol do Brasil Componentes Automotivos LtdA”. New logo and a new corporate mission statement for the journey forward
  • 2016: 2016 - Amalgamation with Pricol Pune Limited and subsequently renamed to Pricol Limited.
  • 2017: Commissioned a state-of-the-art Greenfield manufacturing plant in Pune.
  • 2017: Acquisition of PMP Auto Components Pvt. Ltd. a leading global manufacturer of Automotive Wiping systems. Increases manufacturing presence in North America and Europe through this acquisition.
  • 2017: Technical Partnership with Kerda Technologies for Oxygen Sensors and ACHR for Fuel Pump Modules.
  • 2018: Partnership with Dongguan Shenpeng Electronics Co Limited for Electrical Water Pumps.
  • 2020: Pricol has completed the sale of 100% shareholding held by it, in the Wholly Owned Subsidiary Company -- Pricol Espana Sociedad Limitada, Spain, along with its Wholly Owned subsidiary company, Pricol Wiping Systems Czech.
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