Pioneer Embroideries Ltd Stock Analysis

BSE: 514300 | NSE: PIONEEREMB | Textile - Spinning | Small Cap

BSE Share Price 29-Nov-2022 18:01
44.25 -0.45 (-1.01%)

DeciZen - Make an Informed Decision on Pioneer Embroideries

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

1. Quality

2. Valuation

Fair

3. Price Trend

Pioneer Embroideries Price Chart

P/E Ratio (SA) :
10.22
Market Cap :
117.7 Cr.
52-wk low :
34.1
52-wk high :
79.6
Bole Toh?

1. Is Pioneer Embroideries Ltd a good quality company?

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

2. Is Pioneer Embroideries Ltd undervalued or overvalued?

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

3. Is Pioneer Embroideries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pioneer Embroideries 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 Pioneer Embroideries:

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.
Pioneer Embroideries 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -6.3%1.8%6.5%17.6%4.2%-0.1%6.8%8.2%16.7%8.6%-
Value Creation Index -1.5-0.9-0.50.3-0.7-1.0-0.5-0.40.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 240273272255236257274238226292304
YoY Gr. Rt. %-13.6%-0.6%-6%-7.7%9.2%6.4%-13.2%-4.9%29.3%-
Adj EPS -17-3.84.616.6-0.3-2.81.72.67.23.94.3
YoY Gr. Rt. %-NANA260.2%-101.6%NANA56.4%180.6%-45.6%-
BVPS (₹) 37.56064.449.338.332.33336.2434749.9
Adj Net Profit -30-6.88.230.9-0.6-6.74.16.519.210.512
Cash Flow from Ops. 47.461.1-5.256.324.915.919.525.618.113.4-
Debt/CF from Ops. 4.12.2-19.71.32.642.91.31.62-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.2%4.4%2.2%29.3%
Adj EPS NANA33.7%-45.6%
BVPS 2.64.212.69.3
Share Price 17.1% 1.8% 17.8% -23%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -27.4-6624.9-0.6-8.45.17.518.88.78.9
Op. Profit Mgn % 6.279.38.47.23.87.28.112.28.55
Net Profit Mgn % -12.5-2.5312.1-0.3-2.61.52.78.53.63.8
Debt to Equity 2.110.80.70.80.80.70.40.30.20.1
Working Cap Days 300249239187130110104111118108118
Cash Conv. Cycle 8975705445373340495157

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 33.66%

Return on Equity has declined versus last 3 years average to 8.90%

Sales growth has been subdued in last 3 years 2.18%

Sales growth is not so good in last 4 quarters at 6.18%

Latest Financials - Pioneer Embroideries Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 4.3
TTM Sales (₹ Cr.) 304 304
BVPS (₹.) 49.9 46.7
Reserves (₹ Cr.) 106 98
P/BV 0.89 0.95
PE 10.22 10.29
From the Market
52 Week Low / High (₹) 34.05 / 79.60
All Time Low / High (₹) 2.67 / 345.00
Market Cap (₹ Cr.) 118
Equity (₹ Cr.) 26.6
Face Value (₹) 10
Industry PE 11.3

Management X-Ray of Pioneer Embroideries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *82.0082.0060.6560.6560.6560.6560.6560.6560.6560.65
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Pioneer Embroideries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Pioneer Embroideries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pioneer Embroideries on 29-Nov-2022 18:01 is : 44.25.
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 29-Nov-2022 18:01 the market cap of Pioneer Embroideries stood at ₹ 117.7.
The latest PE ratio of Pioneer Embroideries as of 29-Nov-2022 18:01 is 10.22.
The latest PB ratio of Pioneer Embroideries as of 29-Nov-2022 18:01 is 0.89
The 52-week high of Pioneer Embroideries is ₹ 79.60 and the 52-week low is ₹ 34.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Pioneer Embroideries is ₹ 304.4 ( Cr.) .

About Pioneer Embroideries Ltd

Pioneer Embroideries, a Pioneer Group Company was incorporated on  October 25,1991 under the companies Act 1956 in the state of Maharashtra at Mumbai. The company has been promoted by Raj Kumar Sekhani and Baid Pioneer

Pioneer Embroideries Limited is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing 'Hakoba'.

With an outstanding operational infrastructure, superb craftsmanship and obsession for the best quality, it has not taken long to create waves in the international market. Today they have established an impeccable reputation and carved a permanent niche in the industry throughout the world. Their impressive international roster includes clients from the North America, Latin America, Europe, the Middle East and Africa. Pioneer is also the largest player in the domestic market. Catering to millions of satisfied customers already, Pioneer Group is now poised to move ahead in leaps and bounds.  They have a qualified and highly motivated design development team, which is constantly working towards generating new design to match the latest trends across the globe. State-of-the-art software and machines are used with trained personnel for monitoring the output, matching it to their own high and exacting standards. They are constantly working on developing new lines that matches the design specifications and requirements of their new clients. Today they have over 40,000 designs in their library to select from.

Product range of the company includes:

  • Embroideries
  • Braided Laces
  • Knitted
  • Yarns

The products offerings are patronized by garment exporters, manufacturers and designers for their clientele in US, Europe, Africa, Middle-East & Far-Eastern countries.

Milestones:

  • 1991: Pioneer Embroideries Ltd. gets incorporated.
  • 1993: Goes public through and IPO, and gets its equity shares listed at the Mumbai, Delhi, Kolkata and Ahmedabad Stock Exchange.
  • 1994: Sets up its first Embroidery Manufacturing plant at Sarigam in Gujarat.
  • 1995: Establishes Marketing Offices at Mumbai, New Delhi, Kolkata & Ahmedabad.
  • 1996: Sets up the Crochet Lace Braiding unit at Dadra, a Union Territory.
  • 1997: Sets up the 2nd Embroidery Manufacturing plant at Naroli, also in the Union Territory of Dadra & Nagra Haveli.
  • 1998: Sets up an Inhouse Processing, Dying & Finishing plant at its Sarigam Unit.
  • 1999:1.) Declares a maiden dividend of @ 10%, continues to pay increased dividends.
  • 2.) Sets up its 2nd Crochet Lace Braiding Unit at Naroli, expanding capacity almost ten-fold.
  • 3.) Sets up a Digital Designing Studio & a Multihead Embroidery Unit at Mumbai.
  • 2000: Acquires controlling stake in Salzer Textiles Limited, Coimbatore, an 100% EOU, by buying out foreign and local promoters of the company.
  • 2001: Achieves turnover of excess of Rs 50 cr for the first time, for FY 2000-01
  • 2002: 1.) Acquires the famous Hakoba Brand and embroidery manufacturing facilities of M/s Fancy Corporation Limited at Borivali, Mumbai.
  • 2.) Expands the capacity of the Multihead Embroidery Unit at Mumbai.
  • 2003: 1.) Acquires Reach Industries Pvt. Ltd., a high tech wrap knitting company.
  • 2.) Sets up retail network under brand Hakoba, positioning it as an exclusive store for embroidery and other products.
  • 3.) Initiates process for merging Salzer Textiles Ltd., and J J Textiles Ltd., a group company with itself.
  • 2004: Merges Salzer Textiles Ltd. and J J Textiles Ltd., with itself after obtaining the High Court approval dated 15.01.2004 
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now