BSE: 500540 | NSE: PREMIER | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Premier Ltd is a below average quality company.
The key valuation ratios of Premier Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Premier 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.7% | 5.3% | -6.6% | -12.8% | -48.9% | 70% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | -1.1 | -0.6 | -1.5 | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 166 | 100 | 35.5 | 19.7 | 16.3 | 9.9 | 2 | 0.4 | 0 | 0 | 0 |
| Sales YoY Gr. | - | -39.9% | -64.5% | -44.6% | -17.1% | -39.6% | -79.7% | -80.5% | -100% | NA | - |
| Adj EPS ⓘ | -14.1 | -34.1 | -39.8 | -41.9 | -64.8 | -51.5 | -27.3 | -6 | -4.5 | -3.4 | -2.7 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 77.9 | 69.6 | 37 | -3.5 | -67.5 | -89.4 | -116.7 | -100.7 | -105.2 | -108.6 | -109.9 |
| Adj Net Profit ⓘ | -42.8 | -104 | -121 | -127 | -197 | -156 | -82.9 | -18.3 | -13.6 | -10.4 | -8 |
| Cash Flow from Ops. ⓘ | 168 | 8.1 | -7.7 | 55.2 | -27.7 | -17.3 | 11.2 | 4.5 | -1.9 | -1.8 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 49.3 | -57.3 | 6.8 | -13.6 | -11.5 | 14.9 | 36.9 | -89.7 | -92.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | -100% | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -203.8% | NA | NA | NA | ||||
| Share Price | -24.6% | 6.4% | -36.3% | -0.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -9 | -24.3 | -33.9 | -51.8 | -225.4 | 148.8 | 34.3 | 6.2 | 4.4 | 3.2 | 2.5 |
| Op. Profit Mgn % ⓘ | 18.2 | -11.5 | -81.1 | -239.1 | -617.9 | -894 | -1168.4 | -955.6 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | -25.8 | -103.7 | -340.4 | -646.1 | -1204.1 | -1584.5 | -4146.5 | -4708.9 | 0 | 0 | -INF |
| Debt to Equity ⓘ | 1.5 | 1.9 | 3.9 | -35.1 | -1.8 | -0.7 | -0.5 | -0.6 | -0.5 | -0.5 | - |
| Working Cap Days ⓘ | 857 | 1,391 | 4,214 | 6,329 | 6,784 | 8,194 | 14,341 | 47,696 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 298 | 581 | 1,571 | 2,880 | 2,502 | 1,746 | 1,430 | 52 | 0 | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 2.50%
Sales growth has been subdued in last 3 years -100.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.7 | -2.7 |
| TTM Sales (₹ Cr.) | 0 | 0 |
| BVPS (₹.) ⓘ | -109.9 | -109.9 |
| Reserves (₹ Cr.) ⓘ | -364 | -364 |
| P/BV ⓘ | -0.03 | -0.03 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.48 / 5.78 |
| All Time Low / High (₹) | 1.18 / 215.00 |
| Market Cap (₹ Cr.) | 9.9 |
| Equity (₹ Cr.) | 30.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 166.23 | 99.96 | 35.54 | 19.70 | 16.33 | 9.87 | 2 | 0.39 | 0 | 0 |
| Operating Expenses ⓘ | 136.49 | 111.49 | 64.36 | 66.80 | 117.24 | 125.18 | 25.37 | 10.11 | 1.97 | 1.95 |
| Manufacturing Costs | 11.20 | 7.61 | 5.94 | 3.13 | 2.56 | 1.91 | 0.77 | 0.38 | 0 | 0 |
| Material Costs | 80.59 | 62.08 | 20.68 | 7.90 | 40.68 | 41.11 | 8.83 | 1 | 0 | 0 |
| Employee Cost | 31.66 | 30.92 | 28.66 | 27.76 | 23.62 | 19.02 | 7.25 | 0 | 0 | 0 |
| Other Costs ⓘ | 13.03 | 10.89 | 9.08 | 28.01 | 50.38 | 63.13 | 8.52 | 8.73 | 1.97 | 1.95 |
| Operating Profit ⓘ | 29.74 | -11.53 | -28.82 | -47.11 | -100.91 | -115.31 | -23.37 | -9.72 | -1.97 | -1.95 |
| Operating Profit Margin (%) | 17.9% | -11.5% | -81.1% | -239.0% | -617.0% | -1,168.6% | -1,168.4% | -2,505.4% | - | - |
| Other Income ⓘ | 3.31 | 1.24 | 2.11 | 12.14 | 28.75 | 29.97 | 5.38 | 0.45 | 0.35 | 0.89 |
| Interest ⓘ | 61.72 | 57.07 | 69.61 | 65.97 | 64.90 | 55.67 | 41.59 | 1.91 | 1.80 | 1.63 |
| Depreciation ⓘ | 40.66 | 31.58 | 29.37 | 28.19 | 29.24 | 21.08 | 18.78 | 13.42 | 10.23 | 7.71 |
| Exceptional Items ⓘ | -3.90 | 73.75 | 17.57 | 4.67 | -29.30 | 140.87 | -4.09 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -73.21 | -25.18 | -108.11 | -124.46 | -195.60 | -21.22 | -82.44 | -24.60 | -13.65 | -10.41 |
| Tax ⓘ | -27.38 | 0 | 0.55 | -0.47 | 1 | 45.86 | 0.46 | -2.12 | 0 | 0 |
| Profit After Tax | -45.83 | -25.18 | -108.67 | -123.99 | -196.60 | -67.08 | -82.90 | -22.48 | -13.65 | -10.41 |
| PAT Margin (%) | -27.6% | -25.2% | -305.0% | -629.0% | -1,203.8% | -679.0% | -4,145.0% | -5,793.8% | - | - |
| Adjusted EPS (₹) | -15.1 | -8.3 | -35.8 | -40.8 | -64.7 | -22.1 | -27.3 | -7.4 | -4.5 | -3.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 448.36 | 406.46 | 307.27 | 184.32 | -9.85 | -200.32 | -283.24 | -305.72 | -319.37 | -329.78 |
| Share Capital ⓘ | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 | 30.40 |
| Reserves ⓘ | 417.96 | 376.06 | 276.88 | 153.93 | -40.25 | -230.72 | -313.64 | -336.12 | -349.77 | -360.18 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 274.72 | 312.80 | 314.59 | 192.80 | 149.93 | 47.75 | 21.08 | 21.20 | 21.20 | 21.20 |
| Long Term Debt | 148.33 | 168.98 | 151.62 | 91.55 | 46.90 | 15 | 0 | 0 | 0 | 0 |
| Short Term Debt | 126.38 | 143.82 | 162.97 | 101.25 | 103.03 | 32.75 | 21.08 | 21.20 | 21.20 | 21.20 |
| Trade Payables | 49.22 | 72.48 | 33.81 | 21.37 | 21.36 | 23.22 | 16.23 | 15.43 | 15.52 | 15.47 |
| Others Liabilities ⓘ | 149.82 | 169.84 | 216.37 | 320.10 | 436.16 | 419.39 | 463.22 | 468.12 | 481.03 | 482.78 |
| Total Liabilities ⓘ | 922.12 | 961.57 | 872.05 | 718.59 | 597.60 | 290.04 | 217.29 | 199.03 | 198.37 | 189.67 |
Fixed Assets | ||||||||||
| Gross Block | 652.75 | 668.01 | 582.15 | 603.86 | 478.89 | 274.84 | 274.35 | 216.06 | 216.06 | 216.06 |
| Accumulated Depreciation | 146.29 | 196.23 | 225.44 | 253.63 | 312.18 | 182.61 | 200.92 | 162.99 | 173.22 | 180.94 |
| Net Fixed Assetsⓘ | 506.47 | 471.78 | 356.71 | 350.23 | 166.71 | 92.23 | 73.43 | 53.08 | 42.84 | 35.13 |
| CWIP ⓘ | 31.27 | 0.87 | 0.97 | 1.14 | 2.47 | 2.65 | 3.52 | 3.52 | 3.52 | 3.52 |
| Investmentsⓘ | 3.65 | 0 | 85.97 | 85.97 | 85.97 | 85.97 | 0 | 0 | 0 | 0 |
| Inventories | 98.12 | 98.68 | 97.27 | 84.40 | 48.96 | 9.75 | 1 | 0 | 0 | 0 |
| Trade Receivables | 130.71 | 104.76 | 81.76 | 65.60 | 34.56 | 7.22 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 13.71 | 12.40 | 7.98 | 5.82 | 4.41 | 4.06 | 2.35 | 7.08 | 16.64 | 15.64 |
| Others Assetsⓘ | 138.20 | 273.08 | 241.39 | 125.43 | 254.50 | 88.17 | 137 | 135.35 | 135.37 | 135.38 |
| Total Assets ⓘ | 922.12 | 961.57 | 872.05 | 718.59 | 597.60 | 290.04 | 217.29 | 199.03 | 198.37 | 189.67 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 168.06 | 8.13 | -7.68 | 55.16 | -27.65 | -17.33 | 11.23 | 4.53 | -1.86 | -1.81 |
| PBT ⓘ | -73.21 | -25.18 | -108.11 | -124.46 | -195.60 | -21.22 | -82.44 | -24.60 | -13.65 | -10.41 |
| Adjustment ⓘ | 101.43 | 14.01 | 99.28 | 111.90 | 111.84 | -78.13 | 72.72 | 21.33 | 11.85 | 8.61 |
| Changes in Working Capital ⓘ | 140.26 | 19.5 | -3 | 76 | 55.63 | 83.64 | 11.7 | 4.08 | -0.03 | 0.07 |
| Tax Paid ⓘ | -0.41 | -0.20 | 4.16 | -8.29 | 0.49 | -1.62 | 9.25 | 3.72 | -0.03 | -0.08 |
| Cash Flow From Investing Activity ⓘ | -3.98 | -0.16 | 1.79 | 21.82 | 34.17 | 170.18 | 23.76 | 1.43 | 0.20 | 0.77 |
| Capex | -4.89 | -1.01 | -0.02 | 21.36 | 35.28 | 170.24 | 0.05 | 0.86 | 0 | 0 |
| Net Investments | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.46 | 0.43 | -0.03 | -0.04 |
| Others ⓘ | 0.91 | 0.82 | 1.81 | 0.46 | -1.11 | -0.07 | 23.25 | 0.14 | 0.23 | 0.82 |
| Cash Flow From Financing Activityⓘ | -164.11 | -7.88 | 5.16 | -76.52 | -6.86 | -152.83 | -35.26 | -0.34 | 11.19 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -24.16 | 26.25 | 0 | -6.06 | -6.59 | -155.53 | -20.84 | 0 | 0 | 0 |
| Interest Paid ⓘ | -59.05 | -52.64 | -17.04 | -11.47 | -2.91 | -2.08 | -0.12 | -0.03 | -0.01 | 0 |
| Dividend Paid ⓘ | -10.66 | 0 | -0.32 | -0.36 | -0.35 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -70.24 | 18.50 | 22.52 | -58.63 | 2.98 | 4.78 | -14.30 | -0.31 | 11.20 | 0 |
| Net Cash Flow ⓘ | -0.02 | 0.08 | -0.72 | 0.46 | -0.34 | 0.02 | -0.27 | 5.62 | 9.53 | -1.04 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -17.51 | -11.24 | -67.16 | -244.36 | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | -1.73 | 5.29 | -6.61 | -12.76 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.18 | 0.12 | 0.04 | 0.03 | 0.03 | 0.02 | 0.01 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 236 | 388 | 876 | 1,340 | 1,108 | 773 | 0 | 0 | 0 | 0 |
| Inventory Days | 170 | 325 | 921 | 1,652 | 1,475 | 1,086 | 981 | 0 | 0 | 0 |
| Payable Days | 221 | 358 | 938 | 1,274 | 192 | 198 | 815 | 5,778 | 0 | 0 |
Premier is engaged in the manufacture of automobiles and machine tools. Incorporated in 1944, Premier was first Indian company to start making automobiles.
In the year 1947, the company collaborated with Chrysler Corporation,
In 1954 Fiat 1100 came in into market becoming one of the most popular models produced. Gradually the company undertook highly specialised jobs.
Premier has manufactured widest range of commercial vehicles, which includes Premier Padmini -- one of the popular cars in
The company has many firsts to its credits such as in 1947 the company manufactured commercial vehicles under the brand Dodge and Fargo for use by the defence department of the Government of India; It was the first company to introduce diesel taxis in Mumbai; Premier introduced the concept of Cool Cabs (A/C taxis) in Mumbai city and first Indian passenger car company to set up a Press plant at its Dombivli plant, in western India.
The company has received the ISO 9001 certification for quality management.
Products
Machine tools- Premier manufactures machine tools such as Special Purpose Machine, 3-axes and 6-axes CNC gear hobbing machine, horizontal machining centres, vertical machining centres and many more. The company markets the products under the brand name COOPER.
Vehicles- Under this, the auto major manufactures cargo carriers, ambulances, tippers and pick-up trucks. The company markets them under the name Sigma Express, Sigma Lifeline, Roadstar Tipper and Roadstar.
Engineering- Under, this the company provides total solutions in the production process staring from raw material to the finish goods inclusive of machining–line boring, honning, broaching, leak test, washing, etc.
Milestones
1944- Premier was incorporated.
1946- The company was appointed by the Government of India to act as a distributor on lease and lend military Dodge trucks.
1947- The company collaborated with Chrysler Corporation,
1950-The company entered into an agreement with Fiat Company,
1951- The company took approval from Chrysler Corporation to manufacture components, such as radiators, mufflers, etc required for Dodge cars.
1954- Premier manufactured and marketed Fiat 1100 cars.
1956- Premier indigenised the production of petrol engines required for Chrysler Group cars and petrol trucks
1962- The company signed an agreement signed with Hendri Meadows,
1963- Premier acquired land at Dombivli for setting up a press plant for sheet metal components and a factory for a new car project.
1964- The company started manufacturing of trucks and supplied the vehicles to the defence department.
1969- The company started export of commercial vehicles.
1973-The company started marketing of the cars under the brand name 'Premier'.
1982- The auto major set up a new production plant at Dombivli.
1984- The company entered into a technical collaboration agreement with Nissan for A-12 Engine for NE car.
1985-Premier launched a new model -- 118 NE.
1987- The company acquired the machine tool division manufacturing CNC machine tools at Chinchwad.
1991-The company launched Premier diesel vehicles for taxies and private use.
1995- The company entered into technical agreement with Fiat, SpA,
1996- The company manufactured Uno car at its Kurla Plant.
1997- The company formed a joint venture with Fiat
1998- The company underwent a through restructuring of its business with Fiat.
Prototype Varica Van was procured from China Motors Corporation, (CMC), an affiliate of Mitsubishi.
1999- The company signed an agreement with Automobile Peugeot for TUD5-Engine.
2000- The company entered into technical assistance agreement with China Motors Corporation for Van and Pick–Up.
2001- The company's operations were moved to Pune.
2003- The company entered into contract with Tata Motors for painting van and pick-up bodies in their plant.
2009 - Premier launches compact SUV in India
2011 - Premier Wins The Fie Foundation Award At IMTEX 2011
Inauguration of Premier’s Technology Centre, Bangalore
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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