Panasonic Energy India Company Ltd - Stock Valuation and Financial Performance

BSE: 504093 | NSE: LAKHNNATNL | Batteries | Small Cap

Panasonic Energy Ind Share Price

440.40 6.55 1.51%
as on 22-Nov'24 16:59

DeciZen - make an informed investing decision on Panasonic Energy Ind

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Panasonic Energy India Company stock performance -

mw4me loader
P/E Ratio (SA):
23.98
Market Cap:
330.3 Cr.
52-wk low:
357.6
52-wk high:
615

Is Panasonic Energy India Company Ltd an attractive stock to invest in?

1. Is Panasonic Energy India Company Ltd a good quality company?

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

2. Is Panasonic Energy India Company Ltd undervalued or overvalued?

The key valuation ratios of Panasonic Energy India Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Panasonic Energy India Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Panasonic Energy India Company 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 Panasonic Energy Ind:

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.
Panasonic Energy India Company 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 % 34.5%27.9%10.5%13.7%5.9%5.5%14.1%11.9%-13.8%16.1%-
Value Creation
Index
1.51.0-0.30.0-0.6-0.60.0-0.2-2.00.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 238241208206207204232242253292279
Sales YoY Gr.-1.2%-13.7%-1.3%0.8%-1.9%14.2%4%4.9%15.5%-
Adj EPS 22.421.9812.96.44.413.812.1-7.415.318.4
YoY Gr.--2.2%-63.4%60.6%-50.5%-30.8%213.4%-12.2%-161%NA-
BVPS (₹) 112.5126.1130.6136.8134.6132.1141.5144.8122.4137138.7
Adj Net
Profit
16.816.469.64.83.310.39.1-5.511.414
Cash Flow from Ops. 202.233.2-1.78-2.419.6-6.7-8.526.9-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.3%7.1%8%15.5%
Adj EPS -4.2%19.1%3.4%NA
BVPS2.2%0.4%-1.1%12%
Share Price 3.1% 24.2% 12.4% 14.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
21.418.46.29.64.73.310.18.5-5.511.813.3
Op. Profit
Mgn %
10.19.63.862.52.665.2-2.35.76.7
Net Profit
Mgn %
7.16.82.94.72.31.64.53.8-2.23.94.9
Debt to
Equity
00000000000
Working Cap
Days
9098100959598868911512564
Cash Conv.
Cycle
6066624443503838503540

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.30%

Sales growth has been subdued in last 3 years 7.97%

Net Profit has been subdued in last 3 years 3.43%

Sales growth is not so good in last 4 quarters at 3.80%

Latest Financials - Panasonic Energy India Company Ltd.

Standalone Consolidated
TTM EPS (₹) 18.4 -
TTM Sales (₹ Cr.) 279 -
BVPS (₹.) 138.7 -
Reserves (₹ Cr.) 96 -
P/BV 3.18 -
PE 23.98 -
From the Market
52 Week Low / High (₹) 357.55 / 615.00
All Time Low / High (₹) 15.80 / 615.00
Market Cap (₹ Cr.) 330
Equity (₹ Cr.) 7.5
Face Value (₹) 10
Industry PE 31.8

Management X-Ray of Panasonic Energy Ind:

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 Panasonic Energy Ind

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
Sales238241208206207204232242253292
Operating Expenses 214218200193203199219229260276
Manufacturing Costs21211918181617171620
Material Costs141142126115121117131139167183
Employee Cost 28303234384345465348
Other Costs 24262326272325272425
Operating Profit 2423812551312-616
Operating Profit Margin (%) 10.1%9.6%3.8%6.0%2.2%2.3%5.8%5.1%-2.5%5.6%
Other Income 4444444443
Interest 0000000000
Depreciation 2222333334
Exceptional Items 10000000-80
Profit Before Tax 27251014651413-1415
Tax 98441243-34
Profit After Tax 181761053109-1112
PAT Margin (%) 7.5%6.8%3.0%4.8%2.2%1.5%4.4%3.9%-4.2%4.0%
Adjusted EPS (₹)23.822.08.413.16.24.213.812.5-14.215.5
Dividend Payout Ratio (%)29%32%66%54%65%95%58%60%0%57%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 8495981031019910610992103
Share Capital 8888888888
Reserves 778790959392991018495
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables571098813111512
Others Liabilities 38312422172320222427
Total Liabilities 127133132133127131139141131141

Fixed Assets

Gross Block1091151923243132343534
Accumulated Depreciation959625788111111
Net Fixed Assets14191719162224232423
CWIP 5010500201
Investments 0000000000
Inventories24273129303627384427
Trade Receivables2837853466107
Cash Equivalents 40336356554964501410
Others Assets16171224171819243973
Total Assets 127133132133127131139141131141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 20233-28-220-7-827
PBT 27251014651413-1415
Adjustment -1-1-3-1011011
Changes in Working Capital 0-1429-85-69-17413
Tax Paid -7-8-3-6-3-2-4-31-3
Cash Flow From Investing Activity -3-3-19510-10-111510-29
Capex -5-6-1-3-6-2-4-4-1-4
Net Investments 000513-11-11179-26
Others 24-183333311
Cash Flow From Financing Activity -3-6-6-5-6-4-4-7-6-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -3-6-6-5-6-3-3-6-50
Others 00000-1-1-1-1-1
Net Cash Flow 14-78-112-1742-5-3
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.6818.486.529.774.533.1510.068.74-10.6211.97
ROCE (%)34.4527.9210.4513.745.885.5114.0811.86-13.8216.14
Asset Turnover Ratio2.312.141.831.591.61.581.721.721.862.15
PAT to CFO Conversion(x)1.110.125.5-0.21.6-0.672-0.78N/A2.25
Working Capital Days
Receivable Days3742341277891110
Inventory Days32344552525950495944
Payable Days13152530262630322927

Panasonic Energy India Company Ltd Stock News

Panasonic Energy India Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Panasonic Energy Ind on 22-Nov-2024 16:59 is ₹440.4.
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 22-Nov-2024 16:59 the market cap of Panasonic Energy Ind stood at ₹330.3.
The latest P/E ratio of Panasonic Energy Ind as of 22-Nov-2024 16:59 is 23.98.
The latest P/B ratio of Panasonic Energy Ind as of 22-Nov-2024 16:59 is 3.18.
The 52-week high of Panasonic Energy Ind is ₹615.0 and the 52-week low is ₹357.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Panasonic Energy Ind is ₹278.9 ( Cr.) .

About Panasonic Energy India Company Ltd

India’s former Prime Minister Late Indira Gandhi when she visited Japan, was highly impressed by the business policy of Late Konusuke Matsushita. It was then decided to set up a dry cell battery unit in financial & technical collaboration with Matsushita Electric Industrial Company Limited, Japan, the leaders in this field.

Late D D Lakhanpal, the founder of the Panasonic Energy India Co Ltd. formerly Panasonic Battery India Co Ltd & Konusuke Matsushita laid the foundation stone of the Lakhanpal National at G I D C Makarpura Industrial Estate, Vadodara.

The incorporation of the company took place on  May 21,1972. The building work and installation of the machinery from Japan was undertaken rapidly & the production commenced from July 2, 1973 with metal jacketed cell in Hyper Grade in UM-1 & UM-2 segments. On October 1, 1973 the company introduced Hi-Top grade performance cell for the first time in India and on January 1, 1976 it introduced paper jacketed 'Special' cells.

Since then, the company has progressed between ups and downs by sincere efforts of management & employees and the future has been paved for higher achievements.

Business area of the company:

Manufacturing and sales of batteries and battery appliances, manufacturing and sales of battery component parts and machinery spare parts.

The company offers its products under the Panasonic Gold Plus, Panasonic Hyper, Panasonic Metal, Novino Hyper, Novino Raja, and Novino Jumbo brand names.

Milestones

  • 1973- Production commenced of metal jacketed cell in 'Novino Hyper' grade UM-1 and UM-2. First dispatch of Metal Jacket leak proof Novino. Introduced HI - Top grade high performance cells for the first time in India.
  • 1975- Initiate export activities
  • 1976- Introduced paper jacketed 'Novino Special' UM-1 cells.Introduction of UM-3 pencil dry cell battery.
  • 1987- Foundation stone of Pithampur Project laid.
  • 1989- Launched 'Novino Gold' - Zinc Chloride Metal Jacket battery for the first time in IndiaPioneers of Gold Segment in India.
  • 1994- Awarded ISO - 9001 Certificate.
  • 1995- Introduced 'Novino Sumo' 1S and 3S battery - first ever eco - friendly battery in India
  • 1997- Awarded ISO 14001 Certificate.
  • 2003- ISO - 9001 : 2000
  • 2004- ISO 14000
  • 2005- It is the only manufacturer of AAA dry battery in India.
  • 2006- Awarded ISO 14001 New Version (with ISO 9001) The only Panasonic battery company in India.
  • 2010 - Established as the only battery company in India, manufacturing 100% eco friendly (Cd and Hg free) batteries
    Brand unification from "NOVINO" to "Panasonic" completed
    Achieved 10.0 billion dry cell battery production .
  • 2011 - Achieved 5.0 billion production at Pithampur factory.
    Launched India's highest performing "Panasonic Ultimate" dry cell battery with longest shelf life of 36 months.

Achievements/ recognition:

  • Received Exports Awards
  • The Only supplier to Defence with Self Certification status. Also registered supplier to Indian
  • Railways under DGS&D R/C, CSD and other PSUs.
  • Zinc Chloride Technology
  • Environment Friendly Product
  • Virgin Seal
  • Innovative Blister Packing
  • 'Best Use Before' On Products
  • Pioneer in Manufacturing of AAA batteries
  • ISO 9001 : Certification (QMS) Quality Policy
  • ISO 14001 Certification (EMS) Environment Policy
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