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Pradip Overseas Ltd (PRADIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533178 NSE: PRADIP Textile | Small Cap | Pradip Overseas Share Price

₹1.14 0.00 (0.00%)

As on 14-Oct'21 18:01

Pradip Overseas Ltd (PRADIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533178 NSE: PRADIP Textile | Small Cap | Pradip Overseas Share Price

₹1.14 0.00 (0.00%)

As on 14-Oct'21 18:01

Key Metrics
Valuation Multiples
Market Cap
₹6 Cr.
Current Price
₹1.1
52-Week Low / High
₹1 / 1
TTM EPS
₹270.5
TTM Sales
₹37 Cr.
Book Value per Share
₹-215.6
P/E Ratio
0.00
Industry PE
38.7
Price to Book (P/B)
-0.01
Price to Sales (P/S)
0.15
EV/EBITDA
214.65
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
-32.66%
Return on Assets (ROA)
-71.74%
Operating Profit Margin
-569.5%
Net Profit Margin
-668.71%
Gross Profit Margin
-593.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-31.12%
Operating Profit Growth (1 Year)
-
-13932.41%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
53.25%
Pledged shares (%) of Promoter's holding (%)
99.51%
Reserves
₹-1,093 Cr.
Equity
₹48.4 Cr.
Face Value
₹10
All Time Low / High
₹0.48 / 106.42

Pradip Overseas stock performance

Key Ratios
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10 Year X-Ray :

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.

Value Creation

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2.5%-0.8%-0.7%-24.9%-40.8%-38.8%-0.7%0.5%-0.6%-32.7%-
Value Creation
Index
-0.8-1.1-1.1NANANANA-1.0NANA-

Growth Parameters

Sales 1,67094359924023816010496.338.126.237
Sales YoY Gr.--43.5%-36.5%-59.9%-0.9%-32.8%-35.2%-6.9%-60.5%-31.1%-
Adj EPS -15.7-23.2-35-85.3-59.4-41-33.5-6.4-36.2270.5
YoY Gr.-NANANANANANANA-281.6%NA-
BVPS (₹) 58.735.45.6-79.7-137.7-171.8-174.7-171.1-177.6-213.7-215.6
Adj Net
Profit
-76.2-112-170-413-288-199-14.317.1-31.1-1751,310
Cash Flow from Ops. -141-71.6-120-65.3140-65.3-5.5-4.1-0.52.9-
Debt/CF from Ops. -7.5-17.2-11.2-22.910.3-21.6-259.9-349.5-3210492.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -37%-35.7%-36.7%-31.1%
Adj EPS NANANANA
BVPS-215.5%NANANA
Share Price -1.9% 0.7% - -

Key Financial Parameters

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on
Equity %
-23.6-49.3-170.9258.359.127.21.7-23.718.5-126.1
Op. Profit
Mgn %
1.1-2.5-1-130.1-170.4-165.41.98.22.8-569.5-2.3
Net Profit
Mgn %
-4.6-11.9-28.3-172.4-121.1-124.2-13.817.8-81.6-668.73541.9
Debt to
Equity
3.77.250.2-4.3-2.3-1.7-1.7-1.7-1.7-1.4-
Working Cap
Days
2634737781,8211,2318648199352,3892,175294
Cash Conv.
Cycle
2154337261,6511,1257526366961,8501,759234

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales1,669.91942.93598.57239.84237.68159.84103.5196.3438.0826.23
Operating Expenses + 1,652.35967.27605.04552.14645.84424.29101.5388.4037175.63
Manufacturing Costs100.4686.7472.3274.8277.3472.3870.0174.1526.3522.11
Material Costs1,515.10857514.92187.80299.6877.278.512.311.490.79
Employee Cost 9.025.684.214.514.334.736.055.885.202.89
Other Costs 27.7717.8513.59285264.50269.9116.966.073.97149.83
Operating Profit 17.56-24.33-6.47-312.29-408.16-264.451.987.941.08-149.39
Operating Profit Margin (%) 1.1%-2.6%-1.1%-130.0%-171.0%-165.0%1.9%8.2%2.8%-569.0%
Other Income + 20.3721.365.434.2316.683.723.864.665.310.74
Exceptional Items 0000000000
Interest 145.01145.10130.63114.4310.089.147.708.6010.236.93
Depreciation 7.338.268.407.048.549.709.699.679.659.61
Profit Before Tax -114.41-156.34-140.08-429.54-410.10-279.58-11.55-5.67-13.49-165.20
Tax -38.11-43.7029.58-16.04-129.12-81.032.72-22.7817.5810.23
Profit After Tax -76.31-112.64-169.66-413.50-280.98-198.55-14.2717.11-31.07-175.43
PAT Margin (%) -4.6%-12.0%-28.3%-172.0%-118.0%-124.0%-13.8%17.8%-81.6%-668.0%
Adjusted EPS (₹)-15.8-23.3-35.0-85.4-58.0-41.0-3.03.5-6.4-36.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Pradip Overseas - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund + 284.15171.5126.92-347.02-627.99-831.96-846.20-829.01-860.05-1,035.15
Share Capital 40.3748.4448.4487.4287.4248.4448.4448.4448.4448.44
Reserves 243.78123.07-21.52-434.44-715.41-880.40-894.64-877.45-908.49-1,083.59
Debt +1,028.811,161.801,352.011,484.051,340.291,409.671,418.491,426.141,430.651,433.63
Long Term Debt442.42569.19689.671,062.461,084.971,208.581,418.491,426.141,430.651,433.63
Short Term Debt586.40592.61662.34421.59255.32201.090000
Minority Interest0000000000
Trade Payables69.6538.5160.79108.2632.2228.3632.3140.9023.045.29
Others Liabilities 23.583.164.22-37.62-78.29-258.81-257.15-281.26-260.37-247.99
Total Liabilities 1,406.201,374.981,443.941,207.66666.23347.26347.44356.77333.27155.79

Fixed Assets

Net Fixed Assets +108.88107.6985.5382.44124.67117.98108.91100.2290.5180.90
Gross Block146.29153.34139.58143.85194.62197.43198.25199.23198.67198.57
Accumulated Depreciation37.4045.6554.0561.4169.9579.4589.3499.02108.16117.68
CWIP 12.4727.5731.2453.217.6200000
Investments 0.460.460.460.46000000
Inventories472.36383.97379.76375.83117.7159.0457.2855.955552.90
Trade Receivables676.47823.37884.02667.76393.60152.32158.08172.05158.666.75
Cash Equivalents 72.188.564.511.231.261.611.090.620.134.84
Others Assets 63.3823.3658.4326.7321.3716.3022.1027.9428.9710.42
Total Assets 1,406.201,374.981,443.941,207.66666.23347.26347.44356.77333.27155.79

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity + -141.41-71.58-120.28-65.34139.95-65.30-5.46-4.08-0.452.91
PBT -114.41-168.07-140.08-429.54-410.10-279.58-11.55-5.67-13.49-165.20
Adjustment 144.36162.86138.83384.91257.7323.8113.9914.1014.89164.06
Changes in Working Capital -171.36-66.37-119.02-20.71290.75190.47-9.64-10.12-1.050.4
Tax Paid -0.01-0-0-01.57-0.011.74-2.39-0.793.65
Cash Flow From Investing Activity + -35.3558.4559.165.7513.944.623.253.794.784.78
Capex -44.75-22.06-6.41-26.247.89-3.01-0.61-0.980.060.03
Net Investments 6.800000.560.020.190-0-0
Others 2.6080.5165.56325.497.613.674.774.724.75
Cash Flow From Financing Activity + 168.7415.6159.7356.19-153.6261.061.87-0.17-4.81-2.99
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 376.39126.77120.48372.8822.51123.7073.918.425.363.94
Interest Paid -145.01-145.10-130.63-114.43-10.01-8.41-6.97-8.59-10.18-6.92
Dividend Paid 0000000000
Others -62.6433.9469.89-202.26-166.12-54.22-65.08000
Net Cash Flow -8.022.48-1.39-3.400.280.38-0.34-0.47-0.484.70

Financial Ratio

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)-23.68-49.44-171N/AN/AN/AN/AN/AN/AN/A
ROCE (%)2.49-0.82-0.68N/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.20.680.420.180.250.320.30.270.110.11
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-0.24N/AN/A
Working Capital Days
Receivable Days121.40290.30520.601,180.80814.90620.20546.70625.401,584.901,150.70
Inventory Days128.50165.70232.90574.90378.90200.80204.90214.50531.70750.60
Payable Days37.702335.20164.3085.60143.101,300.705,781.607,844.106,508.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.5199.5199.5199.5199.5199.5199.5199.5199.5199.51
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pradip Overseas Ltd FAQs

The current trading price of Pradip Overseas on 14-Oct-2021 18:01 is ₹1.14.

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 13-Oct-2021 the market cap of Pradip Overseas stood at ₹5.52 Cr

The latest P/E ratio of Pradip Overseas as of 13-Oct-2021 is 0.00.

The latest P/B ratio of Pradip Overseas as of 13-Oct-2021 is -0.01.

The 52-week high of Pradip Overseas is ₹1.15 and the 52-week low is ₹1.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pradip Overseas is ₹37.00 ( Cr.) .

Data is not available for this company.

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

No data found

About Pradip Overseas Ltd

The company was originally formed as a partnership firm in the name and style of  Vishal Textile vide partnership deed dated April 13, 2005. The name of the firm was changed from Vishal Textile to Chetan Textiles vide supplementary deed of partnership dated June 15, 2005. Subsequently, Chetan Textiles was converted into a company under part IX of the Act bearing the name as “Chetan Textiles Private Limited” under part IX of the Act vide certificate of incorporation dated June 29, 2005. Subsequently, the company was converted into a public limited company vide fresh certificate of incorporation dated August 09, 2006 bearing the name “Chetan Textiles Limited”. Pursuant to the Scheme of Demerger, the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) merged into “Chetan Textiles Limited” and consequentially the name “Chetan Textiles Limited” was changed to “Pradip Overseas Limited” vide fresh certificate of incorporation dated October 01, 2007.

The company is one of the few textile manufacturers with niche focus on Home Linen Products of both, wider width and narrow width. In addition to the sales in the domestic markets, its products are being exported to markets in more than twenty countries (directly and indirectly). The current manufacturing capacity is 136.50 million metres per annum with an average capacity utilization of 92%. Its existing facility is located at Changodar near Ahmedabad in Gujarat. The company is enhancing its capacities to 169.50 million metres per annum in order to meet the expanding demand and further consolidate its position in the home linen market. The expansion project is being implemented at the Proposed Textile SEZ being promoted by it near Ahmedabad in Gujarat.

It has been certified as conforming to the Quality Management System Standard ISO 9001:2008 covering the supply of dyed and printed fabrics. Further, its existing manufacturing facility at, Charcharwadi – Vasana Sarkhej, Bhavla Highway, Opposite Zydus Cadila, Near Prakash Solvent, Changodhar, Ahmedabad, Gujarat, India, has been granted authorization according to Oeko-Tex Standard 100 to use the Oeko-Tex mark for articles, namely bed sets (made-ups), woven fabrics made out of 100% cotton and polyster, bleached, reactive dyed, reactive printed, dispersed dyed and dispersed printed and pigment printed (inclusive sewing threads, buttons and zippers), produced by using material certified according to Oeko-Tex Standard 100. Further, after implementation of the Project, It also intends to file applications for obtaining similar certifications for its Proposed Manufacturing Facility.

The company has been constantly making an endeavor to create new and more attractive designs / patterns on its products in order to have an advantage over other players in the market. It has a team of designers who develop the indicative designs received from customers and also develop independent designs and it has an extensive library of designs.

With effect from April 01, 2006, the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) was demerged into the company. Pursuant to the Scheme of Demerger, the name of the Company was changed from Chetan Textiles Limited to Pradip Overseas Limited and a fresh certificate of incorporation was issued by the RoC. Pursuant to the Scheme of Demerger, all the assets and liabilities in the name of the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) were transferred to the Company. Further vide the Scheme of Demerger, the Company allotted 3 fully paid up Equity Shares to every shareholder of the erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) against every 2 equity shares of face value Rs. 10 each held in erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited).

The company is eligible for benefits under the Technology Upgradation Funds Scheme (TUFS) of the Government of India. Further, the Proposed Manufacturing Facility to be set up by the Company in the Proposed Textile SEZ is also eligible for benefits under the SEZ Act.

Product range of the company:

The company manufactures a range of Home Linen Products which include the following :-

  • Flat and fitted sheets for double and single beds both in Narrow Width and Wider Width.
  • Quilt Covers and Pillow covers
  • Mattress Covers
  • Quilts Poly/Cotton Filled
  • Curtains

Milestones:Pre-incorporation of the company

  • 2003-2004 - Acquisition of defunct textile manufacturing Unit at Changodar, Ahmedabad by erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited), and setting up and operationalization of that Unit to manufacture Narrow Width Home Linen Products.

Post-incorporation of the company

  • 2005- 06 - Commencement of manufacturing of Wider Width Home Linen Products at the Unit I division II of the Company with an installed capcity of 24.96 million metres per annum.
  • 2006- 07 - Increased installed capacity from 24.96 million metres per annum to 79.20 million metres per annum.
  • 2007-08 - The textile unit of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) was merged in the Company with effect from April 01, 2006, and subsequently the name of the Company was changed to Pradip Overseas Limited and name of the erstwhile Pradip Overseas Limited was changed to Pradip Enterprises Limited pursuant to the Scheme of Demerger.
  • 2007-08 - Increased installed capacity from 79.20 million metres per annum to 108.50 million metres per annum.
  • 2008-09 - Increased installed capacity from 108.50 million metres per annum to 115.50 million metres per annum.
  • 2009-10 - Increased installed capacity from 115.50 million metres per annum to 136.50 million metres per annum.

Awards, Achievements and Certifications:

  • 2007 - Certified under Global Organic Textile Standard-GOTS(Standards for the processing of fibres from certified organic agriculture).*
  • 2006 - Certified as ISO 9001:2000 (now ISO 9001:2008) (Quality Management System)
  • 2008 - Authorisation to use Oeko-Tex Standard mark for certain cotton and polyester home linen products.Awarded as one of “Gujarat Glories – Most Trusted Companies of 2008” awards instituted by Sara Media Inc in association with Zee Business – the Company stood 29 among the top fifty.
  • 2009 - Authorisation to use Oeko-Tex Standard mark for certain woven fabrics for cotton and polyester home linen products.
  • 2009 - Certified under Organic Exchange (Standards of the Organic Exchange)
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