Porwal Auto Components Ltd - Stock Valuation and Financial Performance

BSE: 532933 | NSE: | Auto Ancillary | Small Cap

Porwal AutoComponent Share Price

57.27 -1.80 -3.05%
as on 30-Dec'24 16:59

DeciZen - make an informed investing decision on Porwal AutoComponent

M-Cap below 100cr DeciZen not available

Porwal Auto Components stock performance -

mw4me loader
P/E Ratio (SA):
47.42
Market Cap:
89.2 Cr.
52-wk low:
41.7
52-wk high:
83.9

Is Porwal Auto Components Ltd an attractive stock to invest in?

1. Is Porwal Auto Components Ltd a good quality company?

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

2. Is Porwal Auto Components Ltd undervalued or overvalued?

The key valuation ratios of Porwal Auto Components Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Porwal Auto Components Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Porwal Auto Components 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 Porwal AutoComponent:

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.
Porwal Auto Components 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.5%8.6%9.2%12.4%10.5%2.6%3.7%-1.1%2.5%10.4%-
Value Creation
Index
-0.6-0.4-0.3-0.1-0.3-0.8-0.7-1.1-0.8-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 72.682.591.811012178.769.7107141146142
Sales YoY Gr.-13.8%11.2%20%9.5%-34.7%-11.5%53.8%31.3%4.1%-
Adj EPS 0.81.51.42.82.30.40.6-0.1-0.72.41.3
YoY Gr.-96%-6.1%102.9%-18.9%-81.9%51.2%-117.7%NANA-
BVPS (₹) 33.234.335.137.538.839.239.839.73941.640.6
Adj Net
Profit
1.12.22.14.23.40.60.9-0.2-1.13.72
Cash Flow from Ops. 5.33.58.79.58.97.54.16.84.98.9-
Debt/CF from Ops. 2.52.40.921.61.83.52.21.30.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%4%28.1%4.1%
Adj EPS 13.9%1.3%57.5%NA
BVPS2.5%1.4%1.5%6.6%
Share Price 19% 29% 29.2% 30%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.34.447.761.11.6-0.3-1.863
Op. Profit
Mgn %
10.410.510.41111.310.311.14.85.58.26.3
Net Profit
Mgn %
1.62.72.33.82.90.81.3-0.2-0.82.51.3
Debt to
Equity
0.30.20.20.30.20.20.20.30.10.10
Working Cap
Days
138121103909511612791656572
Cash Conv.
Cycle
624842374760756038417

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.00%

Sales growth is growing at healthy rate in last 3 years 28.08%

Net Profit is growing at healthy rate in last 3 years 57.45%

Sales growth is not so good in last 4 quarters at -0.93%

Latest Financials - Porwal Auto Components Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -
TTM Sales (₹ Cr.) 142 -
BVPS (₹.) 40.6 -
Reserves (₹ Cr.) 46 -
P/BV 1.45 -
PE 47.42 -
From the Market
52 Week Low / High (₹) 41.70 / 83.90
All Time Low / High (₹) 2.60 / 120.00
Market Cap (₹ Cr.) 89.2
Equity (₹ Cr.) 15.1
Face Value (₹) 10
Industry PE 50

Management X-Ray of Porwal AutoComponent:

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 Porwal AutoComponent

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales72.5682.5491.75110.14120.6378.7269.68107.13140.61146.39
Operating Expenses 65.0573.8582.2298.0810770.7461.98101.97132.95134.44
Manufacturing Costs17.5021.7626.5431.9233.8120.4921.0632.8138.0142.42
Material Costs39.0540.6742.3654.7661.1240.9331.2955.9580.5775.58
Employee Cost 5.936.397.998.799.456.967.079.9711.0812.78
Other Costs 2.575.035.332.622.642.362.553.243.283.65
Operating Profit 7.518.699.5412.0613.627.987.705.167.6611.95
Operating Profit Margin (%) 10.3%10.5%10.4%10.9%11.3%10.1%11.0%4.8%5.4%8.2%
Other Income 0.110.310.201.210.010.011.121.100.040.56
Interest 1.722.191.082.112.562.311.672.212.772.36
Depreciation 4.173.684.174.795.886.086.097.075.965.79
Exceptional Items 0000000000.26
Profit Before Tax 1.733.134.496.375.19-0.411.05-3.02-1.034.63
Tax 0.610.892.411.321.77-0.970.12-2.8600.77
Profit After Tax 1.122.232.085.053.420.560.93-0.16-1.033.85
PAT Margin (%) 1.5%2.7%2.3%4.6%2.8%0.7%1.3%-0.1%-0.7%2.6%
Adjusted EPS (₹)0.71.51.43.42.30.40.6-0.1-0.72.6
Dividend Payout Ratio (%)0%20%36%22%33%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 50.1151.8252.9956.6658.6259.1860.1159.9458.9162.76
Share Capital 15.1015.1015.1015.1015.1015.1015.1015.1015.1015.10
Reserves 35.0136.7237.8941.5643.5244.0845.0144.8443.8147.66
Minority Interest0000000000
Debt12.147.737.2117.2112.4111.7311.1212.295.185.73
Long Term Debt5.635.153.839.3564.473.832.340.260.11
Short Term Debt6.512.583.387.866.417.277.299.954.915.62
Trade Payables3.222.653.357.553.903.203.966.556.813.30
Others Liabilities 5.506.049.6111.5811.316.479.425.395.0213.02
Total Liabilities 70.9868.2473.159386.2380.5984.6184.1775.9184.81

Fixed Assets

Gross Block65.2959.1939.5357.2589.4883.4786.6897.1099.17101.61
Accumulated Depreciation29.8924.503.738.4838.8037.0343.1450.2055.6661.08
Net Fixed Assets35.4034.6935.8048.7750.6846.4443.5446.9043.5040.53
CWIP 0.991.542.112.1502.766.60000
Investments 1.713.505.846.348.218.608.629.429.6014.78
Inventories10.898.487.0310.9210.196.819.8413.2412.6714.13
Trade Receivables5.946.039.3413.408.818.0611.2810.996.3010.59
Cash Equivalents 0.100.110.120.120.130.170.110.120.110.12
Others Assets15.9513.8912.9311.308.237.744.633.493.734.66
Total Assets 70.9868.2473.159386.2380.5984.6184.1775.9184.81

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5.273.498.709.538.907.504.096.834.908.85
PBT 1.733.134.496.375.19-0.411.05-3.02-1.034.36
Adjustment 5.795.554.854.508.458.476.648.188.697.99
Changes in Working Capital 0.08-2.392.862.08-0.40.78-1.811.020.02-0.36
Tax Paid -0.61-0.89-2.41-1.32-1.770.97-0.122.860-0.77
Cash Flow From Investing Activity -6.08-2.48-6.67-14.89-4.19-5.94-4.63-6.43-2.85-9.09
Capex -3.24-2.96-8.16-16.58-7.81-2.04-3.19-10.42-2.53-2.79
Net Investments 0000000000
Others -2.840.481.491.683.61-3.89-1.443.99-0.32-6.30
Cash Flow From Financing Activity -0.73-1.01-2.025.37-4.71-1.520.48-0.40-2.060.26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0.48-1.325.52-3.35-1.53-0.64-1.49-2.07-0.15
Interest Paid 0000000000
Dividend Paid 0-0.45-0.76-1.13-1.1300000
Others -0.73-0.070.050.98-0.220.011.121.100.010.41
Net Cash Flow -1.5400.0100.010.04-0.050.01-0.010.01
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.264.383.979.225.930.951.56-0.27-1.746.34
ROCE (%)5.478.639.2212.4110.462.633.71-1.092.4910.44
Asset Turnover Ratio1.161.331.451.581.350.940.841.271.761.82
PAT to CFO Conversion(x)4.711.574.181.892.613.394.4N/AN/A2.3
Working Capital Days
Receivable Days21242732343951382221
Inventory Days54382825323944393433
Payable Days22262636343242343024

Porwal Auto Components Ltd Stock News

Porwal Auto Components Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Porwal AutoComponent on 30-Dec-2024 16:59 is ₹57.27.
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 30-Dec-2024 16:59 the market cap of Porwal AutoComponent stood at ₹89.20.
The latest P/E ratio of Porwal AutoComponent as of 30-Dec-2024 16:59 is 47.42.
The latest P/B ratio of Porwal AutoComponent as of 30-Dec-2024 16:59 is 1.45.
The 52-week high of Porwal AutoComponent is ₹83.90 and the 52-week low is ₹41.70.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Porwal AutoComponent is ₹141.6 ( Cr.) .

About Porwal Auto Components Ltd

Porwal Auto Components Company was incorporated as Porwal Auto Components Private under the Companies Act, 1956. The company was converted into a public limited as “Porwal Auto Components Limited” after passing the necessary resolution in the Extra Ordinary General Meeting held on September 9, 1992 and the Registrar of Companies; Gwalior, Madhya Pradhesh had issued a fresh certificate of incorporation on 12th October, 1992.

The company has been promoted by Surendra Jain, Devendra Jain and Mukesh Jain. The company is an 1S0/TS 16949:2002 accredited company engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 MT per annum which is presently upgraded to 9000 MT per annum. In order to enhance the product profile and cater to larger customer base, It implemented a large scale expansion programme to increase the capacities upto 27600 MTA. The expansion programme commenced from January 2005 and the total expansion was completed by June 2008.

The company is engaged in the manufacturing and marketing of S.G. (Ductile) Iron and Grey Cast Iron Castings and components especially meant for the automobile sector.

Product range of the company includes:

The company is mainly engaged in the manufacturing of Automobile Castings (Material) and Engineering Castings (Material).

  • Hubs Front & Rear
  • Diff Carriers   
  • Brackets
  • Diff cases & Assemblies  
  • Exhaust mainfolds & Bends
  • Housing & Link Casting
  • Brake Drums
  • Housing
  • Transmission Cases 

Clientele:

  • Eicher Motors
  • Brakes India
  • Man Force Trucks
  • Gajra Gears
  • L&T Case Equipment etc.

Milestones:

  • 1992  -  Incorporated
  • 1994  -  Listed on OTC Exchange of India Limited.  
  • 1995  -  Commercial Production Started Plant Capacity – 3600 MT P.A.
  • 2000  -  Eicher Motors Ltd. Award for Outstanding Contribution to Parts Development National Awards to Small Scale Entrepreneurs given by the Govt. of India Ministry of Small Scale Industries to our MD Mr. Devendra Jain
  • 2001  -  Plant Capacity Enhanced to 4800 MT P.A.
  • 2002  -  Spectrometer F20 Foundry Analyser Added Dol Status For Eicer Motors Ltd. LCV/MCV COMP. SUPPLIES
  • 2003  -  ISO 9001:2000 Certification
  • 2004  -  Plant Capacity Enhanced to 6600 MT P.A.  
  • 2005  -  Dol Status For Eicer Motors Ltd. HCV/MAV COMP. SUPPLIES
  • 2006  -  Eicher Motors Ltd. Award for Outstanding Contribution to Supply Chain Mgmt. Plant Capacity Enhanced to 9000 MT P.A.   
  • 2007  -  TS 16949 : 2000 CertificationHigh Pressure Moulding Machine Added

Achievements/ recognition:

  • ISO 9001:2000 certification
  • TS 16949 : 2000 Certification
  • Eicher Motors Limited Vendor Conference October 13th, 2000, Indore  
  • The company’s M. D. Devendra Jain received National Awards to Small Scale Entrepreneurs for the Year 1999 given by the Govt. of India Ministry of Small Scale Industries.
  • Vendor Award 2005-06 Outstanding Contribution to supply chain Management- Ancillaries
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