Pricol Ltd - Stock Valuation and Financial Performance

BSE: 540293 | NSE: PRICOLLTD | Auto Ancillary | Small Cap

Pricol Share Price

452.20 -2.90 -0.64%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Pricol

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Pricol stock performance -

mw4me loader
P/E Ratio (SA):
36.19
Market Cap:
5,546.8 Cr.
52-wk low:
329.1
52-wk high:
542.1

Is Pricol Ltd an attractive stock to invest in?

1. Is Pricol Ltd a good quality company?

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

2. Is Pricol Ltd undervalued or overvalued?

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

3. Is Pricol Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pricol Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Pricol:

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.
Pricol 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 % 0%16.6%14.2%8.8%-22%-22.2%11.4%13.4%20.4%23.7%-
Value Creation
Index
NA0.20.0-0.4-2.6-2.6-0.20.00.50.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 01221,2661,3181,3771,2001,3901,5231,9282,2552,355
Sales YoY Gr.-NA940.7%4.2%4.5%-12.9%15.8%9.6%26.5%17%-
Adj EPS 00.34.45-6-7.323.68.710.912.6
YoY Gr.-NA1380%13.1%-218.9%NANA78.1%143.3%24.6%-
BVPS (₹) 05.178.482.56040.34346.655.66672.4
Adj Net
Profit
03.447.453.5-63.7-78.124.543.6106132153
Cash Flow from Ops. 01.886.214684.7181128189144185-
Debt/CF from Ops. 01.11.30.93.11.91.80.70.60.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA10.4%17.5%17%
Adj EPS NANA75.4%24.6%
BVPSNA1.9%15.4%18.6%
Share Price - 70.7% 54.4% 34.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
05.910.66.2-8.4-14.65.2817.117.918.2
Op. Profit
Mgn %
06.210.611.577.313.311.311.111.912.1
Net Profit
Mgn %
02.83.74.1-4.6-6.51.82.95.55.96.5
Debt to
Equity
000.10.10.40.80.40.20.10.10
Working Cap
Days
00581251291341181191039448
Cash Conv.
Cycle
00112837322435353810

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Sales growth is growing at healthy rate in last 3 years 17.50%

Net Profit is growing at healthy rate in last 3 years 75.42%

Sales growth is good in last 4 quarters at 16.43%

No data to display

Latest Financials - Pricol Ltd.

Standalone Consolidated
TTM EPS (₹) 12.6 13.6
TTM Sales (₹ Cr.) 2,355 2,376
BVPS (₹.) 72.4 77
Reserves (₹ Cr.) 870 926
P/BV 6.29 5.91
PE 36.19 33.38
From the Market
52 Week Low / High (₹) 329.10 / 542.05
All Time Low / High (₹) 19.47 / 542.05
Market Cap (₹ Cr.) 5,547
Equity (₹ Cr.) 12.2
Face Value (₹) 1
Industry PE 51.1

Management X-Ray of Pricol:

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 Pricol

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1221,2661,3181,3771,2001,3901,5231,9282,255
Operating Expenses 1141,1331,1671,2851,1151,6281,3531,7161,994
Manufacturing Costs24338433735354447
Material Costs978198459668429651,0741,3771,577
Employee Cost 11170160164148158186220256
Other Costs 5101124112894705874115
Operating Profit 71331519385-238171212261
Operating Profit Margin (%) 5.9%10.5%11.5%6.7%7.1%-17.1%11.2%11.0%11.6%
Other Income 35710134167410
Interest 1912193141271818
Depreciation 96672809391817680
Exceptional Items 800-232-19100100
Profit Before Tax 96274-228-2174770131173
Tax 016210-432271942
Profit After Tax 94753-228-2131543113131
PAT Margin (%) 7.4%3.7%4.1%-16.5%-17.7%1.1%2.8%5.8%5.8%
Adjusted EPS (₹)0.84.45.0-21.4-20.01.23.69.210.7
Dividend Payout Ratio (%)0%20%18%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 57836879640429524568678804
Share Capital 10999912121212
Reserves 47826870631420511556666792
Minority Interest000000000
Debt090114243292186967747
Long Term Debt013189720418693270
Short Term Debt0779614688035147
Trade Payables21201250207262272286292278
Others Liabilities 6115147171205217248231208
Total Liabilities 831,2411,3911,2601,1881,1981,1981,2791,336

Fixed Assets

Gross Block858008159471,0331,0131,0831,1471,256
Accumulated Depreciation35125158272364417500570643
Net Fixed Assets50675657674668596583577613
CWIP 0182714212081538
Investments 0116157495160717475
Inventories7154192179171239236270288
Trade Receivables21174206192169182237262282
Cash Equivalents 1791113283163
Others Assets4971431419472586537
Total Assets 831,2411,3911,2601,1881,1981,1981,2791,336

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 28614685181128189144185
PBT 96274-228-2174770131173
Adjustment 9771033293051481017997
Changes in Working Capital -16-41-11-2093-6626-36-46
Tax Paid -1-12-2040-1-9-30-39
Cash Flow From Investing Activity 6-128-142-188-234-35-68-66-131
Capex 5-83-107-93-30-29-42-84-137
Net Investments 0-46-42-94-105-8-24-30
Others 016-1-993-2207
Cash Flow From Financing Activity -737-410451-79-137-63-68
Net Proceeds from Shares 0000080000
Net Proceeds from Borrowing 00083139-34-108-87-39
Interest Paid 0-8-11-18-28-33-25-18-18
Dividend Paid 0-11-11-1100000
Others -7571950-59-91-441-11
Net Cash Flow 0-401-214-1615-13
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.6110.456.24-30-39.813.077.9518.0717.67
ROCE (%)16.6114.168.84-21.97-22.1911.4113.4220.4423.66
Asset Turnover Ratio1.642.111.021.040.991.171.271.561.73
PAT to CFO Conversion(x)0.221.832.75N/AN/A8.534.41.271.41
Working Capital Days
Receivable Days562652535446504744
Inventory Days202147495354574845
Payable Days78499786102101957766

Pricol Ltd Stock News

Pricol Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Pricol on 21-Nov-2024 16:59 is ₹452.2.
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 21-Nov-2024 16:59 the market cap of Pricol stood at ₹5,546.8.
The latest P/E ratio of Pricol as of 21-Nov-2024 16:59 is 36.19.
The latest P/B ratio of Pricol as of 21-Nov-2024 16:59 is 6.29.
The 52-week high of Pricol is ₹542.0 and the 52-week low is ₹329.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pricol is ₹2,355 ( Cr.) .

About Pricol Ltd

Pricol Limited (formerly known as Premier Instruments & Controls Ltd) commenced its operations in 1975 in Coimbatore, South India in the manufacture of automotive instruments. Committed to leadership and excellence and guided by its core values, Pricol continues its stride as a reputable global brand in the automotive component and products business.

Presently, the company provides leading automobile and industrial brands with precision-engineered technological solutions in various countries with thousands of product variants. Pricol group is powered by strong, dedicated and skilled workforce across many countries which resolutely pursues the mission to be passionate, sustainable, dynamic and evolving.

Business area of the company

The company is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.

Product and solutions

By Vehicle segments

  • 2 Wheelers
  • 3 Wheelers
  • Cars and Vans
  • Tractors
  • Commercial Vehicles
  • Off Road Vehicles
  • Industrial

By Verticals

  • Driver information systems and sensors
  • Pumps and allied products
  • Telematics
  • Wiping systems

Awards and recognitions

  • 2015-2016: Plants 3 and 4 win the CII Award
  • 2016: Pricol wins third prize in ACMA South Region 8th Kaizen
  • 2016: The company’s plant 6, bags Quality Gold Consistency Award
  • 2016: Pricol Plant 5 wins at the CII Regional Kaizen Competition
  • 2016: Pricol wins the IEI Industry Excellence Award
  • 2016: Pricol plant 5 team bags the Golden Bajaj Quality Award
  • 2016-17: Pricol wins National Award For Outstanding Industrial Relations
  • 2017: Pricol wins the Business Excellence Leader Award
  • 2018: Pricol wins Clean India Mission & CSR Activities

History & Milestone

  • 1975: Commencement of commercial Production at Plant I. Creation of Trade Mark- PRICOL. (Premier Instruments Coimbatore Limited).
  • 1981: Name of company changed to Premier Instruments & Controls Limited from Premier Instruments Coimbatore Limited.
  • 1988: Established Plant II at Gurgaon, Which commenced commercial operations from May 1988.
  • 1993: Listing in The Stock Exchange, Mumbai and Coimbatore Stock Exchange.
  • 1996: Listing in National Stock Exchange, Mumbai.
  • 1999: Established Plant III at, Chinnamathampalayam, Coimbatore, which commenced commercial production in September 1999.
  • 2004: Name of company changed to Pricol Limited from Premier Instruments & Controls Limited.
  • 2004: Plant II Shifted to expanded own premises at Manesar, National Capital Region.
  • 2007: Incorporation of PT Pricol Surya, Wholly owned Subsidiary in Indonesia.
  • 2008: Production commenced at Plant VI at Pantnagar, Uttarakhand.
  • 2011: Incorporation of Pricol Pune Limited, Wholly Owned Subsidiary in Pune.
  • 2015: Acquisition of “Melling do Brasil Componentes Automotivos LtdA”, Brazil Subsequently the name was changed to “Pricol do Brasil Componentes Automotivos LtdA”. New logo and a new corporate mission statement for the journey forward
  • 2016: 2016 - Amalgamation with Pricol Pune Limited and subsequently renamed to Pricol Limited.
  • 2017: Commissioned a state-of-the-art Greenfield manufacturing plant in Pune.
  • 2017: Acquisition of PMP Auto Components Pvt. Ltd. a leading global manufacturer of Automotive Wiping systems. Increases manufacturing presence in North America and Europe through this acquisition.
  • 2017: Technical Partnership with Kerda Technologies for Oxygen Sensors and ACHR for Fuel Pump Modules.
  • 2018: Partnership with Dongguan Shenpeng Electronics Co Limited for Electrical Water Pumps.
  • 2020: Pricol has completed the sale of 100% shareholding held by it, in the Wholly Owned Subsidiary Company -- Pricol Espana Sociedad Limitada, Spain, along with its Wholly Owned subsidiary company, Pricol Wiping Systems Czech.
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