Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 544244 | NSE: GALAPREC | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Gala Precision Engineering Ltd is a average quality company.
The key valuation ratios of Gala Precision Engineering Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gala Precision Engineering Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6.4% | 13.8% | 20.2% | 20.9% | - |
| Value Creation Index ⓘ | -0.5 | 0.0 | 0.4 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 103 | 144 | 163 | 200 | 200 |
| Sales YoY Gr. | - | 39.5% | 13.8% | 22.3% | - |
| Adj EPS ⓘ | 2.2 | 7.6 | 16.4 | 23.8 | 17.1 |
| YoY Gr. | - | 252.1% | 115.1% | 44.8% | - |
| BVPS (₹) ⓘ | 58.4 | 66.5 | 83.5 | 103.2 | 196 |
| Adj Net Profit ⓘ | 2.2 | 7.7 | 16.6 | 24.1 | 22 |
| Cash Flow from Ops. ⓘ | 14.9 | 11.3 | 16.3 | 16.4 | - |
| Debt/CF from Ops. ⓘ | 4 | 5 | 3.6 | 3.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 24.8% | 22.3% | ||||
| Adj EPS ⓘ | NA | NA | 122.2% | 44.8% | ||||
| BVPSⓘ | NA | NA | 20.9% | 23.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.7 | 12.2 | 21.9 | 25.5 | 11.4 |
| Op. Profit Mgn % ⓘ | 12.2 | 14.6 | 17.9 | 20.1 | 16.6 |
| Net Profit Mgn % ⓘ | 2.1 | 5.4 | 10.2 | 12 | 10.9 |
| Debt to Equity ⓘ | 1 | 0.9 | 0.7 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 197 | 200 | 189 | 90 |
| Cash Conv. Cycle ⓘ | 0 | 143 | 157 | 154 | 74 |
Sales growth is growing at healthy rate in last 3 years 24.75%
Net Profit is growing at healthy rate in last 3 years 122.15%
Debt to equity has declined versus last 3 years average to 0.53
Sales growth is good in last 4 quarters at 11.43%
Return on Equity has declined versus last 3 years average to 11.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17.1 | 17.6 |
| TTM Sales (₹ Cr.) | 200 | 203 |
| BVPS (₹.) ⓘ | 196 | 196.3 |
| Reserves (₹ Cr.) ⓘ | 236 | 237 |
| P/BV ⓘ | 4.33 | 4.32 |
| PE ⓘ | 49.50 | 48.19 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 685.60 / 1480.80 |
| All Time Low / High (₹) | 685.60 / 1480.80 |
| Market Cap (₹ Cr.) | 1,076 |
| Equity (₹ Cr.) | 12.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 52.3 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 47.1 | 0.4 | 18.3 | -44.8 | 34.1 | -13 | 44.7 | 9.3 |
| Adj EPS (₹) ⓘ | 0.6 | -47 | -1.3 | -518.8 | 1.3 | 4200 | 1.2 | 3800 |
| Op. Profit Mgn % ⓘ | 5.49 | -211 bps | 1.64 | -497 bps | 7.55 | 262 bps | 9.62 | 490 bps |
| Net Profit Mgn % ⓘ | 1.73 | -142 bps | -9.89 | -1117 bps | 5.11 | 499 bps | 3.65 | 356 bps |
| Pledged * | 0.00 | 0.00 | 0.00 |
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| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 103 | 144 | 163 | 200 |
| Operating Expenses ⓘ | 91 | 123 | 134 | 160 |
| Manufacturing Costs | 25 | 31 | 36 | 41 |
| Material Costs | 39 | 58 | 66 | 81 |
| Employee Cost | 19 | 21 | 22 | 24 |
| Other Costs ⓘ | 9 | 13 | 10 | 14 |
| Operating Profit ⓘ | 12 | 21 | 29 | 40 |
| Operating Profit Margin (%) | 11.7% | 14.3% | 17.7% | 20.0% |
| Other Income ⓘ | 1 | 2 | 2 | 2 |
| Interest ⓘ | 6 | 5 | 6 | 7 |
| Depreciation ⓘ | 6 | 6 | 6 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 2 | -4 |
| Profit Before Tax ⓘ | 2 | 12 | 21 | 25 |
| Tax ⓘ | 0 | 3 | 3 | 3 |
| Profit After Tax | 2 | 8 | 18 | 22 |
| PAT Margin (%) | 1.8% | 5.7% | 11.1% | 10.9% |
| Adjusted EPS (₹) | 1.8 | 8.1 | 18.0 | 21.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 59 | 67 | 84 | 104 | ||||||
| Share Capital ⓘ | 3 | 3 | 3 | 10 | ||||||
| Reserves ⓘ | 57 | 65 | 82 | 94 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 55 | 53 | 55 | 50 | ||||||
| Long Term Debt | 30 | 24 | 20 | 9 | ||||||
| Short Term Debt | 25 | 29 | 34 | 40 | ||||||
| Trade Payables | 12 | 14 | 8 | 14 | ||||||
| Others Liabilities ⓘ | 18 | 20 | 24 | 21 | ||||||
| Total Liabilities ⓘ | 143 | 154 | 171 | 189 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 93 | 89 | 79 | 89 | ||||||
| Accumulated Depreciation | 35 | 33 | 18 | 25 | ||||||
| Net Fixed Assetsⓘ | 58 | 56 | 61 | 64 | ||||||
| CWIP ⓘ | 4 | 3 | 5 | 7 | ||||||
| Investmentsⓘ | 7 | 7 | 0 | 0 | ||||||
| Inventories | 34 | 44 | 50 | 58 | ||||||
| Trade Receivables | 27 | 31 | 37 | 47 | ||||||
| Cash Equivalents | 4 | 2 | 12 | 4 | ||||||
| Others Assetsⓘ | 9 | 10 | 7 | 9 | ||||||
| Total Assets ⓘ | 143 | 154 | 171 | 189 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 15 | 11 | 16 | 16 |
| PBT ⓘ | 2 | 12 | 21 | 25 |
| Adjustment ⓘ | 13 | 15 | 13 | 17 |
| Changes in Working Capital ⓘ | 1 | -13 | -14 | -19 |
| Tax Paid ⓘ | 0 | -2 | -4 | -6 |
| Cash Flow From Investing Activity ⓘ | -5 | -6 | -13 | -4 |
| Capex | -5 | -6 | -2 | -11 |
| Net Investments | 0 | 0 | -10 | 9 |
| Others ⓘ | 0 | 0 | -2 | -2 |
| Cash Flow From Financing Activityⓘ | -8 | -7 | -4 | -12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 6 | -7 | 0 | 0 |
| Interest Paid ⓘ | -6 | -5 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -8 | 5 | 2 | -6 |
| Net Cash Flow ⓘ | 2 | -2 | 0 | 1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.1 | 12.94 | 23.96 | 23.03 | ||||||
| ROCE (%) | 6.41 | 13.81 | 20.17 | 20.92 | ||||||
| Asset Turnover Ratio | 0.72 | 0.96 | 1 | 1.11 | ||||||
| PAT to CFO Conversion(x) | 7.5 | 1.38 | 0.89 | 0.73 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 96 | 73 | 75 | 76 | ||||||
| Inventory Days | 121 | 100 | 106 | 98 | ||||||
| Payable Days | 90 | 61 | 48 | 42 | ||||||
Gala Precision Engineering Limited was incorporated as ‘Gala Precision Engineering Private Limited’ under the Companies Act, 1956, as a private limited company pursuant to the certificate of incorporation issued by the RoC on February 23, 2009.The Company entered into a Business Transfer Agreement dated May 26, 2009 to transfer the business operations from Gala Precision Technology Private Limited. The name of the company was subsequently changed to ‘Gala Precision Engineering Limited’, upon conversion into a public company, pursuant to a board resolution dated September 5, 2023 and a shareholder’s resolution dated October 3, 2023, and a fresh certificate of change of name was issued on October 25, 2023 by the RoC.
The company is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solution (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways. The company’s listed competitors include Harsha Engineers International Limited, SKF India Limited, Sundram Fasteners Limited, Rolex Rings Limited, Sterling Tools Limited and Ratnaveer Precision Engineering Limited. Its technical springs and high tensile fasteners have been supplied to customers in countries such as Germany, Denmark, China, Italy, Brazil, USA, Sweden, Switzerland etc. Accordingly, the company is a key link in the global supply chain for OEMs.
The company’s business primarily comprises of (i) springs technology division, under which it manufactures DSS including wedge lock washers (WLW), CSS and (ii) SFS in which it manufactures anchor bolts, studs and nuts. The company’s DSS products find applications in renewable energy, railways, automobiles, off highway vehicles, heavy machinery, electrical and power equipments. The company’s disc springs confirm to German DIN 2093 standards, bearing series, and customized specifications featuring variety of raw materials and surface coating options. It manufactures strip springs customised for high fatigue applications. It is mainly competing with Muhr und Bender KG, Schnorr GmbH, Christian Bauer GmbH + Co. KG in the global disc springs market and with International Industrial Springs in disc springs in India. The company’s CSS products are used in commercial vehicles, passenger vehicles, railways and industrial infrastructure. It has positioned itself as a key import substitution for European springs suppliers and multinationals looking at PLI Schemes and other incentives offered by the Government.
Business area of the company
The company is a precision component manufacturer of technical springs like DSS including wedge lock washers; CSS and SFS supplying to OEMs, Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydro power plants, various industrial sectors such as electrical, off highway equipment, infrastructure and general engineering, mobility segments such as automotive and railways.
Awards, accreditations and recognition
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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