Prabhat Technologies (India) Ltd - Stock Valuation and Financial Performance

BSE: 540027 | NSE: | Telecommunication - Equipment | Small Cap

Prabhat Tech. (I) Share Price

100 0.00 0.00%
as on 19-Jan'24 16:59

DeciZen - make an informed investing decision on Prabhat Tech. (I)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Prabhat Technologies (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
107.1 Cr.
52-wk low:
85
52-wk high:
330

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

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

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

2. Is Prabhat Technologies (India) Ltd undervalued or overvalued?

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prabhat Technologies (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 Prabhat Tech. (I):

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.
Prabhat Technologies (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 % 9.1%7.4%7.6%8.2%-14.3%-2.8%-37.5%-3%-1.4%-0.4%-
Value Creation
Index
-0.4-0.5-0.5-0.4-2.0-1.2-3.7-1.2-1.1-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 29430331728727812123.323.61.82
Sales YoY Gr.-3.1%4.4%-9.4%-3.3%-56.6%-80.6%-91.5%78.9%-50.6%-
Adj EPS 3.11.11.21.9-18.3-3.9-37.4-2.2-1-0.3-0.3
YoY Gr.--63.8%4.4%61%-1064.2%NANANANANA-
BVPS (₹) 38.439.540.64228.923.921.531.43029.729.4
Adj Net
Profit
3.11.11.21.9-19.6-4.1-40.1-2.4-1-0.30
Cash Flow from Ops. -5.41574.8-22.1-9.434.512.4-0.4-1-
Debt/CF from Ops. -7.23.89.818.2-4-10.61.83.2-98.3-42.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -43.4%-63.7%-57.8%-50.6%
Adj EPS -175.5%NANANA
BVPS-2.8%0.6%11.4%-1.2%
Share Price - -24.3% -33.9% -44.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.72.934.6-53.9-14.7-165-8.4-3.2-0.8-1.2
Op. Profit
Mgn %
1.93.44.25.4-7-8-231.8-80.7-24.2-61.2-47.5
Net Profit
Mgn %
1.10.40.40.7-7.1-3.4-171.7-118.8-29.1-14.9-15.2
Debt to
Equity
11.41.72.12.93.92.71.21.31.3-
Working Cap
Days
1521761821981963571,0196,8443,7027,4153,018
Cash Conv.
Cycle
567384941172135895,1782,9435,8802,570

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -57.75%

Debt to equity has increased versus last 3 years average to 1.27

Sales growth is not so good in last 4 quarters at 8.00%

Latest Financials - Prabhat Technologies (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -1.4
TTM Sales (₹ Cr.) 2.4 6
BVPS (₹.) 29.4 27.8
Reserves (₹ Cr.) 21 19
P/BV 3.40 3.60
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 85.00 / 330.00
All Time Low / High (₹) 19.17 / 525.00
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 10.7
Face Value (₹) 10
Industry PE 33.1

Management X-Ray of Prabhat Tech. (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *47.9847.9846.6946.4246.4246.4246.4241.0941.0941.09
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Prabhat Tech. (I)

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
Sales29430331728727812123242
Operating Expenses 28929330427229713077753
Manufacturing Costs0000000000
Material Costs28728930126529112141231
Employee Cost 1113211000
Other Costs 12234836521
Operating Profit 6101315-20-10-54-5-1-1
Operating Profit Margin (%) 1.9%3.4%4.1%5.4%-7.1%-8.0%-231.0%-269.0%-38.5%-70.3%
Other Income 4101424001
Interest 57911311000
Depreciation 1322111110
Exceptional Items 000-100-35000
Profit Before Tax 4122-19-10-87-5-2-1
Tax 10110-6-22000
Profit After Tax 3111-20-4-65-5-10
PAT Margin (%) 1.1%0.4%0.3%0.5%-7.1%-3.3%-276.0%-250.0%-39.1%-21.3%
Adjusted EPS (₹)3.11.11.11.5-18.4-3.8-60.3-4.7-1.3-0.4
Dividend Payout Ratio (%)19%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 38394042312623343232
Share Capital 888891111111111
Reserves 30313234221512232121
Minority Interest0000000000
Debt395768878810062404040
Long Term Debt914170020404040
Short Term Debt295665708810042000
Trade Payables686464601791121
Others Liabilities 719144187-21-16-16-17
Total Liabilities 15217918719315514165595857

Fixed Assets

Gross Block13252525272826262626
Accumulated Depreciation0022344556
Net Fixed Assets13252323252421212020
CWIP 0000000000
Investments 0000034110
Inventories2131346532172112
Trade Receivables9910111085744926292828
Cash Equivalents 0111131001
Others Assets19211819234511666
Total Assets 15217918719315514165595857

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -51575-22-934120-1
PBT 3121-19-10-87-5-2-1
Adjustment 51012144-1831610
Changes in Working Capital -134-6-10-6-438200
Tax Paid 0000060000
Cash Flow From Investing Activity 0-14130-24301
Capex -1-15000-12000
Net Investments 000201-1301
Others 11100-33001
Cash Flow From Financing Activity 50-7-82211-38-1600
Net Proceeds from Shares 3000900000
Net Proceeds from Borrowing 072000-37-1600
Interest Paid -5-7-9-11-3-1-1000
Dividend Paid 0000000000
Others 700316120000
Net Cash Flow 011-10-11-101
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.72.92.743.53-53.94-14.29-265.79-17.57-4.23-1.18
ROCE (%)12.6910.0310.9811.07-13.26-7-81.78-6.79-2.39-1.09
Asset Turnover Ratio2.171.831.731.611.590.820.260.030.060.03
PAT to CFO Conversion(x)-1.671575N/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1031201211171051845114,9942,9045,770
Inventory Days283238596472126262139314
Payable Days74837785483942144171413

Prabhat Technologies (India) Ltd Stock News

Prabhat Technologies (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prabhat Tech. (I) on 19-Jan-2024 16:59 is ₹100.0.
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 19-Jan-2024 16:59 the market cap of Prabhat Tech. (I) stood at ₹107.1.
The latest P/E ratio of Prabhat Tech. (I) as of 19-Jan-2024 16:59 is 0.00.
The latest P/B ratio of Prabhat Tech. (I) as of 19-Jan-2024 16:59 is 3.40.
The 52-week high of Prabhat Tech. (I) is ₹330.0 and the 52-week low is ₹85.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prabhat Tech. (I) is ₹2.39 ( Cr.) .

About Prabhat Technologies (India) Ltd

The company was incorporated at Mumbai as ‘Prabhat Telecommunications (India) Private Limited’ on April 2, 2007. The name of the company was changed to Prabhat Telecoms (India) Private Limited with effect from May 23, 2007. The company has been converted in to a Public Limited Company and consequently name was changed to “Prabhat Telecoms (India) Limited' on April 22, 2013. The company has been evolved in 1997 as telcom technical support company namely Prabhat Enterprises. Later on it entered into the world of telecom products by venturing in to selling and distribution of various brands like Fly, Kyocera, Tata Sky and Micromax. The company’s Promoter Vishwamani Tiwari has a background of engineering. The company is the first company to launch EVDO phone, 1X Data Card n open Market and Low End CDMA Data Phone (LEDP), Open Market EVDO REV-A dongle etc.

The company has started to design, assemble and manufacture the telecom product under its own in-house brand in 2011. It started to design and assemble the telecom devices like CDMA Mobile Handsets, CDMA Data Cards, FWT, WiFi Routers, accessories etc under its own brand. The CDMA/GSM feature handsets are designed, assembled and distributed under the brand name “V3 Mobile”. Similarly the data product and smart phone Fixed wireless Terminal, Tablet and other high end telecom devices are designed, assembled and distributed under the brand “Xccess” and accessories under the brand “PLATINUM”.

Business area of the company

The company is engaged into design, assemble, and customize import and distribution of mobile handsets, wireless dongles / data-cards, data products and mobile / telecom accessories. It sells feature mobile handsets under its brand name “V3” Mobiles and internet data cards & smart phones / tablets, fixed wireless terminal and high end telecom devices under brand name “Xccess”. The company sells accessories like screen guard, Memory card etc under the brand name “Platinum”. It is a distributor of CDMA handsets for TTML for Mumbai Circle. It sells its CDMA product to chain of distributors PAN India through TTML/TTSL corporate tie-ups. It also sells its product through organised retail chain like The Mobile Store, Mobile plus etc. It also sells its products through more than 15 online portals.

Major events and milestones

  • 2007: Incorporation of the company.
  • 2008: The company became Super Distributor of Micromax Mobile Phones for 5 States i.e Maharashtra, Goa, Gujarat, East UP and Delhi.
  • 2011: Launched owned Brand mobile “V3” Mobile & Xccess dongles & Accessories and Started Global Distribution of V3 Mobile and Xccess.
  • 2012: Entered into large format Retail Space under brand name of “Mobile Plus”.
  • 2013: Entered in to Distribution Agreement with Defenx Asia PTE.LTD.
  • 2013: Entered in to joint Venture with RadioMarelli SA for Mobile internet Devices. 
  • 2013: Entered into channel partner agreement with Tata Teleservices (Maharashtra) Limited for marketing & distribution the products and services of TTML.
  • 2013: Entered in to exclusive agreement with Shenzhen ZNV Tecnology Co.
  • 2015: Entered in to Intent of cooperation with Uttar Pradesh Government for proposing to establish telecom manufacturing unit at Greater Noida.
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