Premco Global Ltd Stock Analysis

BSE: 530331 | NSE: | Textile | Small Cap

BSE Share Price 28-Mar-2023 15:08
324.00 -4.45 (-1.35%)

DeciZen - Make an Informed Decision on Premco Global

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

1. Quality

2. Valuation

Fair

3. Price Trend

Premco Global Price Chart

P/E Ratio ( SA) :
13.59
Market Cap :
108.6 Cr.
52-wk low :
290.6
52-wk high :
493
Bole Toh?

1. Is Premco Global Ltd a good quality company?

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

2. Is Premco Global Ltd undervalued or overvalued?

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

3. Is Premco Global Ltd a good buy now?

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

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.
Premco Global 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 % 21.2%25.8%30.2%24.2%16.5%5.2%-0.6%-4.2%4.9%11.3%-
Value Creation Index 0.50.91.20.70.2-0.6-1.0-1.3-0.7-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 52.96672.373.969.96250.445.46286.473
YoY Gr. Rt. %-25%9.5%2.3%-5.5%-11.3%-18.7%-9.8%36.6%39.3%-
Adj EPS 15.322.532.733.529.39.5-3-11.58.92324.2
YoY Gr. Rt. %-47.4%45.5%2.4%-12.5%-67.6%-131.1%NANA158.3%-
BVPS (₹) 66.186.9118.3153.5189.2201203.8193.5200.4211.1225.7
Adj Net Profit 4.97.510.911.19.73.1-1-3.837.68
Cash Flow from Ops. 0.89.510.8163.82.3-6.219.1-3.711.4-
Debt/CF from Ops. 10.50.70.30.32.71.4-0.40.3-1.80.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%4.3%19.7%39.3%
Adj EPS 4.7%-4.7%NA158.3%
BVPS 13.82.21.25.3
Share Price 26.1% 0.2% 91.7% -8.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 26.430.232.124.617.14.9-1.5-5.84.511.211.1
Op. Profit Mgn % 16.620.928.127.325.39.5-1.1-79.815.215
Net Profit Mgn % 9.211.415.11513.95.1-1.9-8.44.88.811
Debt to Equity 0.40.20.10.10.20.100.10.10-
Working Cap Days 1371371391401752343142931821510
Cash Conv. Cycle 98101101104112120138136105880

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.10%

Sales growth is growing at healthy rate in last 3 years 19.71%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -16.93%

Latest Financials - Premco Global Ltd.

Standalone Consolidated
TTM EPS (₹) 24.2 29.8
TTM Sales (₹ Cr.) 72.6 93.3
BVPS (₹.) 225.7 316.2
Reserves (₹ Cr.) 71 101
P/BV 1.46 1.08
PE 13.59 11.41
From the Market
52 Week Low / High (₹) 290.55 / 492.95
All Time Low / High (₹) 2.94 / 974.00
Market Cap (₹ Cr.) 109
Equity (₹ Cr.) 3.3
Face Value (₹) 10
Industry PE 22.5

Management X-Ray of Premco Global :

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

Key Ratios of Premco Global

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

News

Premco Global Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Premco Global on 28-Mar-2023 15:08 is : 324.0.
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 28-Mar-2023 15:08 the market cap of Premco Global stood at ₹ 108.5.
The latest PE ratio of Premco Global as of 28-Mar-2023 15:08 is 13.59.
The latest PB ratio of Premco Global as of 28-Mar-2023 15:08 is 1.46
The 52-week high of Premco Global is ₹ 492.9 and the 52-week low is ₹ 290.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Premco Global is ₹ 72.58 ( Cr.) .

About Premco Global Ltd

Premco Global was founded in the year 1966 is an ISO 9000:2000 company manufacturing Woven and Knit Elastic and Non-Elastic Narrow Fabric, Tape and Webbing for use in the Apparel, Lingerie Sports-related, Medical, Footwear, Luggage, Furnishing and Automotive industries.

Specializing in the manufacture of Woven and Knitted Elastic and non-Elastic Narrow Fabric and Webbing (4mm-250mm), Premco’s extensive product range caters to the apparel, lingerie, sports-related, medical, footwear, luggage, furnishing, and automotive industries.

Distinguished as a top world supplier, Premco’s products are trusted by international companies and brands such as GAP / Old Navy, Sara Lee, Fruit of the Loom, Target Stores, Walmart, and many others.

In addition to a vast stock product line, Premco specializes in narrow fabric for custom-specific applications. Color, design, dimension, material and performance are made the way you want.

The Premco Group of companies was a pioneer amongst Indian trading houses in the manufacture and export of high-fashion ready-made garments to department, chain stores and boutiques in international markets across the United States, Europe, and the Latin Americas.

Over the years, additions to the group included Premco Silk Mills, Narrowleen Fabrics, and Premco Narrow Fabrics, all manufacturing specialty textile and fabric materials for the apparel and home furnishing industries. 

In 1977, Premco Global ventured into manufacturing high-quality Woven and Knitted Elastic and Rigid narrow fabric and tape products designed for use in industry-specific applications in the apparel, lingerie, sports-related, medical, footwear, luggage and automotive fields. 

Headquartered in Mumbai, India with sales offices throughout major garment production centers like Delhi, Chennai, Tirupur, Bangalore, Calcutta and Ahmedabad, Premco maintains close customer ties and is able to service requirements in line with the latest in market trend throughout Asia and the major garment production centers of the world. 

Today, Premco Global shares the distinction of being an ISO 9001-2000 company, and is listed on the (BSE) Bombay Stock Exchange. In addition to these distinctions, Premco is proud to be a preferred supplier to companies such as Gap, Old Navy, Sara Lee, Tesco, Fruit of the Loom, Target Stores, Walmart and many others. 

In 2004, the Premco Group of Companies added Pixel Packaging Ltd, to its roster. Pixel manufactures identification and packaging products such as woven and printed labels, hangtags, pressure sensitive labels, integrated barcode products, PDQ display boxes, and the increasingly popular heat Transfer or Tag-less labels

Product range of the company includes:

  • Name Tapes
  • Printed Elastic
  • Hair Band
  • Panty Elastic
  • Plain Tape
  • Shoulder Straps
  • Rigid Tapes
  • Button Hole
  • Medical

Packaging and Brand  Identification products

  • Woven Labels
  • Flock Embellishments
  • Printed Labels
  • PDQ Displays
  • Handtags
  • Tagless or Heat Transfer Labels and Decoration

Clientele

  • American Eagle Outfitters
  • Banana Republic
  • Old Navy
  • The Childrens’s Place
  • Tesco
  • Target
  • Tommy Hilfiger, and many more

Achievements/ recognition:

  • Premco Global is an ISO 9000:2000 accredited organization.
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