Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pattech Fitwell Tube Components Ltd is a below average quality company.
The key valuation ratios of Pattech Fitwell Tube Components Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pattech Fitwell Tube Components Ltd is likely to Fall 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.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 6.7% | 12.3% | - |
| Value Creation Index ⓘ | -0.5 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 11.8 | 37.7 | 38 |
| Sales YoY Gr. | - | 219.7% | - |
| Adj EPS ⓘ | 0.9 | 1.9 | 1.9 |
| YoY Gr. | - | 104.4% | - |
| BVPS (₹) ⓘ | 10.2 | 24.3 | 24.3 |
| Adj Net Profit ⓘ | 0.5 | 1.4 | 1 |
| Cash Flow from Ops. ⓘ | 0.1 | -10.2 | - |
| Debt/CF from Ops. ⓘ | 176.4 | -1.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 219.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 104.4% | ||||
| BVPSⓘ | NA | NA | NA | 138.7% | ||||
| Share Price | - | - | - | 87% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 8.3 | 11.5 | 7.7 |
| Op. Profit Mgn % ⓘ | 12 | 8.5 | NAN |
| Net Profit Mgn % ⓘ | 4.1 | 3.8 | 3.8 |
| Debt to Equity ⓘ | 2.4 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 134 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 97 | 0 |
Debt to equity has declined versus last 3 years average to 0.62
Return on Equity has declined versus last 3 years average to 7.70%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.9 | - |
| TTM Sales (₹ Cr.) | 37.7 | - |
| BVPS (₹.) ⓘ | 24.3 | - |
| Reserves (₹ Cr.) ⓘ | 12 | - |
| P/BV ⓘ | 4.27 | - |
| PE ⓘ | 55.88 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 80.5 |
| Equity (₹ Cr.) | 7.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 38.6 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 11.80 | 37.72 |
| Operating Expenses ⓘ | 10.39 | 34.52 |
| Manufacturing Costs | 0.07 | 0.33 |
| Material Costs | 10.01 | 32.80 |
| Employee Cost | 0.27 | 0.31 |
| Other Costs ⓘ | 0.03 | 1.08 |
| Operating Profit ⓘ | 1.41 | 3.20 |
| Operating Profit Margin (%) | 11.9% | 8.5% |
| Other Income ⓘ | 0.06 | 0.02 |
| Interest ⓘ | 0.57 | 1.06 |
| Depreciation ⓘ | 0.24 | 0.23 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 0.65 | 1.94 |
| Tax ⓘ | 0.17 | 0.49 |
| Profit After Tax | 0.49 | 1.44 |
| PAT Margin (%) | 4.1% | 3.8% |
| Adjusted EPS (₹) | 0.9 | 1.9 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.84 | 19.29 | ||||||||
| Share Capital ⓘ | 5.36 | 7.76 | ||||||||
| Reserves ⓘ | 0.49 | 11.53 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 11.25 | 10.83 | ||||||||
| Long Term Debt | 6.51 | 6.90 | ||||||||
| Short Term Debt | 4.74 | 3.93 | ||||||||
| Trade Payables | 1.13 | 3.77 | ||||||||
| Others Liabilities ⓘ | 6.08 | 1.71 | ||||||||
| Total Liabilities ⓘ | 24.30 | 35.60 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 15.55 | 15.91 | ||||||||
| Accumulated Depreciation | 0.24 | 0.47 | ||||||||
| Net Fixed Assetsⓘ | 15.31 | 15.44 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 3.05 | 5.14 | ||||||||
| Trade Receivables | 4.69 | 12.37 | ||||||||
| Cash Equivalents | 0.35 | 0.19 | ||||||||
| Others Assetsⓘ | 0.90 | 2.46 | ||||||||
| Total Assets ⓘ | 24.30 | 35.60 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.07 | -10.18 |
| PBT ⓘ | 0.65 | 1.94 |
| Adjustment ⓘ | 0.82 | 1.29 |
| Changes in Working Capital ⓘ | -1.22 | -12.86 |
| Tax Paid ⓘ | -0.18 | -0.54 |
| Cash Flow From Investing Activity ⓘ | -15.75 | -0.51 |
| Capex | -15.55 | -0.36 |
| Net Investments | 0 | 0 |
| Others ⓘ | -0.20 | -0.15 |
| Cash Flow From Financing Activityⓘ | 16.03 | 10.53 |
| Net Proceeds from Shares ⓘ | 5.36 | 12 |
| Net Proceeds from Borrowing ⓘ | 6.51 | 0.39 |
| Interest Paid ⓘ | -0.57 | -1.06 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 4.74 | -0.81 |
| Net Cash Flow ⓘ | 0.35 | -0.16 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.92 | 11.86 | ||||||||
| ROCE (%) | 6.72 | 12.27 | ||||||||
| Asset Turnover Ratio | 0.49 | 1.26 | ||||||||
| PAT to CFO Conversion(x) | 0.14 | -7.07 | Working Capital Days | |||||||
| Receivable Days | 145 | 83 | ||||||||
| Inventory Days | 94 | 40 | ||||||||
| Payable Days | 41 | 27 | ||||||||
Pattech Fitwell Tube Components was originally formed as a partnership firm in the name and style of ‘M/s. Pat Tech Fitwell Tube Components’ vide partnership deed dated November 22, 2012. Consequently, the firm was converted into company under same style as ‘Pattech Fitwell Tube Components Private Limited’ under the Companies Act, 2013 vide certificate of incorporation dated August 22, 2022 issued by Assistant Registrar of Companies, Central Registration Centre. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on September 23, 2022, and consequently, the name of the company was changed to ‘Pattech Fitwell Tube Components Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 11, 2022.
It is manufacturer of forging products for the non-automotive sector. The company converts semi-finished / raw products to finished products by carrying its value-added process such as forming, bending, drilling, cutting, inspection, polishing, painting, blasting, welding, punching, marking, testing and packaging.
It has been in the business of manufacturing of a wide range of forged and machined components that is used in pipes and tube fittings like Elbows, Flanges, Tees, Reducers, Caps, pipe spools and other fabrication works being used in various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, ship building, defense, fabrication of process equipments, instrumentation etc. its Promoters between themselves have, in-depth knowledge and good experience in the forging and forming industry. Its Promoters share various functional responsibilities amongst themselves for effective management and are well supported by qualified and experienced professionals at different levels with appropriate functional responsibilities. It is capable of manufacturing both standardized as well as customized products. It supplies its products only to domestic customer who may use these products for their domestic or global applications.
Business area of the company
The company is engaged in the manufacturing business of tube and pipe fittings, flanges and various types of forgings and machined components as well as pipe spools and fabrication works for various industries.
Products of the company
History and milestones
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