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PNC Infratech Ltd. Stock Analysis

Small Cap
Evaluated by 880 users | BSE: 539150 | NSE: PNCINFRA |
Engineering - Construction
PNC Infratech was incorporated on August 9, 1999 at Agra with the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company is promoted by Pradeep Kumar Jain, Naveen Kumar Jain, Chakresh Kumar Jain, Yogesh Kumar Jain, PNC Project Private Limited, PNC Cold Storage...

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.
PNC Infratech Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 19.18%13.74%9.12%6.73%7.27%13.71%10.55%13.14%13.75%15.79%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1391,2731,3061,3601,8612,8372,2522,4113,7745,603
Y-o-Y Gr. Rt.-11.8%2.5%4.2%36.8%52.4%-20.6%7.1%56.5%48.4%
Adjusted EPS (Rs.) 3.573.933.782.784.597.864.659.6813.321.47
Y-o-Y Gr. Rt.-10.1%-3.8%-26.5%65.1%71.2%-40.8%108.2%37.4%61.4%
Book Value per Share (Rs.) 20.6724.629.3735.5843.5652.9356.9565.8378.9199.57
Adjusted Net Profit 71.178.275.355.391.4202119248341551
Net Op. Cash Flow (Rs. Cr.) -93.3-42.631813924794285591197525
Debt to Cash Flow from Ops -1.11-8.741.857.396.8617.546.693.4214.066.7
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.
PNC Infratech Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 19.4%24.7%35.5%48.4%
Adjusted EPS 22.1%36.2%66.5%61.4%
Book Value per Share 19.11820.526.2
Share Price - 10.8% -4.3% 0.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 23.4217.2513.958.5211.5618.098.4615.7718.3824.06
Operating Profit Margin (%) 11.3112.0512.0412.9115.0521.9427.7832.2626.7523.73
Net Profit Margin (%) 6.246.145.773.734.917.556.2110.559.029.72
Debt to Equity 0.250.761.011.451.951.211.31.21.371.38
Working Capital Days 97146161144132193385426349297
Cash Conversion Cycle 7098804551486745259
Entity Percentage Holding
Promoters 56.07%
Institutions 30.35%
Non-Institutions 13.58%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of PNC Infratech Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that PNC Infratech Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of PNC Infratech Ltd.'s performance infers:

PNC Infratech Ltd. earnings have grown by 36.2%, whereas share price has appreciated 10.8% 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.

Data is not available for this company

PNC Infratech was incorporated on August 9, 1999 at Agra with the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company is promoted by Pradeep Kumar Jain, Naveen Kumar Jain, Chakresh Kumar Jain, Yogesh Kumar Jain, PNC Project Private Limited, PNC Cold Storage Private Limited and Shri Parasnath Infrastructures Private Limited.

The company has executed or is executing projects across various states in India covering Haryana, Karnataka, Madhya Pradesh,

PNC Infratech was incorporated on August 9, 1999 at Agra with the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company is promoted by Pradeep Kumar Jain, Naveen Kumar Jain, Chakresh Kumar Jain, Yogesh Kumar Jain, PNC Project Private Limited, PNC Cold Storage Private Limited and Shri Parasnath Infrastructures Private Limited.

The company has executed or is executing projects across various states in India covering Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand and West Bengal. Drawing from the experience of its promoters, it believes that it has acquired significant expertise in the timely execution of EPC contracts.

In general, it executes most of its projects independently. When a client requires it to meet specific eligibility requirements relating to certain large projects as well as to particular types of experience and financial resources, it enter into JVs with other construction companies. Out of the 34 major infrastructure projects executed by the company since incorporation, 31 projects have been executed independently by the company.

Business area of the company

The company is an engineering and infrastructure construction company in India, with expertise in the execution of major infrastructure projects including highways, bridges, flyovers, airport runways and allied activities and executing projects relating to power transmission lines and infrastructure projects on a BOT basis.

Major Clients of the company

  • National Highways Authority of India
  • Airports Authority of India
  • Public Works Department
  • RITES Limited (a Government of India Enterprises)
  • Military Engineer Services (Ministry of Defence)
  • Madhya Pradesh Road Development Corporation
  • Uttar Pradesh Power Corporation
  • Haryana State Roads and Bridges Development Corporation

Milestones

  • 1999: Incorporation of the company
  • 2001: Received SS class certification from MES
  • 2002: Executed first NHAI Road Project of Agra-Gwalior Section of NH-3 (NS-4)
  • 2003: Bonus received from NHAI for completion of project before the scheduled time of the Agra-Gwalior Road (NH-3) project
  • 2004: Received DNV certification ISO 9001: 2000
  • 2005: Executed first international airport runway project given by AAI at Kolkata, Executed first airport runway project for the Military Engineer Services at Bangalore
  • 2006: Total revenue crossed Rs 1,500 million
  • 2007: Awarded BOT road project by MPRDC, Madhya Pradesh.
  • 2008: Entered into business of setting up power transmission lines
  • 2009: Total revenue crossed Rs 5,000 million
  • 2009: Awarded bid contract amounting to Rs 3,380 million by the Haryana State Roads & Bridges Development Corporation, the single largest project awarded to the company in terms of value.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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