Premco Global Ltd - Stock Valuation and Financial Performance

BSE: 530331 | NSE: | Textile | Small Cap

Premco Global Share Price

403.20 12.60 3.23%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Premco Global

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Premco Global stock performance -

mw4me loader
P/E Ratio (SA):
17.73
Market Cap:
132.1 Cr.
52-wk low:
318.1
52-wk high:
563

Is Premco Global Ltd an attractive stock to invest in?

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 Overvalued 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 25.8%30.2%24.2%16.5%5.2%-0.6%-4.2%4.9%11.4%10.6%-
Value Creation
Index
0.91.20.70.2-0.6-1.0-1.3-0.7-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6672.373.969.96250.445.46286.470.964
Sales YoY Gr.-9.5%2.3%-5.5%-11.3%-18.7%-9.8%36.6%39.3%-18%-
Adj EPS 22.532.733.529.39.5-3-11.58.923.423.622.5
YoY Gr.-45.5%2.4%-12.5%-67.6%-131.1%NANA162.4%0.7%-
BVPS (₹) 86.9118.3153.5189.2201203.8193.5200.4211.1226.1237.6
Adj Net
Profit
7.510.911.19.73.1-1-3.837.77.87
Cash Flow from Ops. 9.510.8163.82.3-6.219.1-3.711.414.7-
Debt/CF from Ops. 0.70.30.32.71.4-0.40.3-1.80.20.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.8%2.7%16%-18%
Adj EPS 0.5%19.9%NA0.7%
BVPS11.2%2.4%5.3%7.1%
Share Price 21.6% 23.4% 7% 25.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
30.232.124.617.14.9-1.5-5.84.511.410.89.7
Op. Profit
Mgn %
20.928.127.325.39.5-1.1-79.815.217.214.2
Net Profit
Mgn %
11.415.11513.95.1-1.9-8.44.88.91111.7
Debt to
Equity
0.20.10.10.20.100.10.100.1-
Working Cap
Days
13713914017523431429318215116798
Cash Conv.
Cycle
101101104112120138136105889368

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.70%

Sales growth is growing at healthy rate in last 3 years 15.98%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -8.72%

Latest Financials - Premco Global Ltd.

Standalone Consolidated
TTM EPS (₹) 22.5 27.7
TTM Sales (₹ Cr.) 63.7 96.5
BVPS (₹.) 237.6 345.1
Reserves (₹ Cr.) 75 111
P/BV 1.68 1.16
PE 17.73 14.45
From the Market
52 Week Low / High (₹) 318.05 / 563.00
All Time Low / High (₹) 2.94 / 974.00
Market Cap (₹ Cr.) 132
Equity (₹ Cr.) 3.3
Face Value (₹) 10
Industry PE 27.9

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales66727470625045628671
Operating Expenses 52525452565149567359
Manufacturing Costs8898787798
Material Costs33303130342825324431
Employee Cost 67889910101313
Other Costs 5677666677
Operating Profit 142020186-1-361312
Operating Profit Margin (%) 20.8%28.0%27.3%25.3%9.5%-1.1%-7.0%9.8%15.2%17.2%
Other Income 1233434332
Interest 1111111111
Depreciation 1222222223
Exceptional Items 0000000-100
Profit Before Tax 1219201870-251311
Tax 477620-1142
Profit After Tax 812131250-2499
PAT Margin (%) 12.3%16.7%17.1%16.9%8.2%0.3%-3.8%5.8%10.8%12.6%
Adjusted EPS (₹)24.536.438.335.615.30.5-5.310.928.327.1
Dividend Payout Ratio (%)8%7%8%8%20%416%-38%74%53%55%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 29395163666764667075
Share Capital 3333333333
Reserves 25364759636461636671
Minority Interest0000000000
Debt5349226617
Long Term Debt1012221111
Short Term Debt4237005506
Trade Payables3334434453
Others Liabilities 8758755696
Total Liabilities 45516283797778838590

Fixed Assets

Gross Block23232528292930293445
Accumulated Depreciation11131517181920192123
Net Fixed Assets13101011111110101322
CWIP 0000000000
Investments 4102331261828333033
Inventories111515169101013119
Trade Receivables1110101313128131611
Cash Equivalents 22231314567
Others Assets4431118248999
Total Assets 45516283797778838590

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 9111642-619-41115
PBT 1219201870-251311
Adjustment 2330002012
Changes in Working Capital -1-41-9-2-620-804
Tax Paid -4-7-8-5-20-1-1-3-3
Cash Flow From Investing Activity -5-6-14-759-10-40-14
Capex -1-1-2-4-2-1-1-2-5-11
Net Investments -4-5-12-269-10-24-3
Others 000-1111100
Cash Flow From Financing Activity -3-5-23-9-12-2-10-1
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing -1-112-10-1000
Interest Paid -1-1-1-1-1-1-1-1-1-1
Dividend Paid -1-1-2-1-10-1-1-6-4
Others -1-204-6050-35
Net Cash Flow 2000-2211-910
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.735.4628.1520.787.850.24-2.645.5213.7712.38
ROCE (%)42.450.7842.1129.5110.780.86-1.797.8419.5715.5
Asset Turnover Ratio1.61.51.30.960.760.640.580.771.030.81
PAT to CFO Conversion(x)1.130.921.230.330.4-INFN/A-11.221.67
Working Capital Days
Receivable Days61554958769384646268
Inventory Days62667479736879685152
Payable Days35363340404249463949

Premco Global Ltd Stock 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-2024 16:01 is ₹403.2.
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-2024 16:01 the market cap of Premco Global stood at ₹132.1.
The latest P/E ratio of Premco Global as of 28-Mar-2024 16:01 is 17.73.
The latest P/B ratio of Premco Global as of 28-Mar-2024 16:01 is 1.68.
The 52-week high of Premco Global is ₹563.0 and the 52-week low is ₹318.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Premco Global is ₹63.67 ( 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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