Past 10 year’s financial track record analysis by Moneyworks4me indicates that Premier Explosives Ltd is a below average quality company.
The key valuation ratios of Premier Explosives 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 Explosives 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 % ⓘ | 13.2% | 14.3% | 21.3% | 9.3% | 9.1% | -3.5% | -3% | 5.7% | 6.6% | 18% | - |
| Value Creation Index ⓘ | -0.1 | 0.0 | 0.5 | -0.3 | -0.4 | -1.3 | -1.2 | -0.6 | -0.5 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 149 | 185 | 231 | 266 | 241 | 157 | 153 | 199 | 202 | 272 | 309 |
| Sales YoY Gr. | - | 23.8% | 24.7% | 15.3% | -9.4% | -35% | -2% | 29.8% | 1.5% | 34.5% | - |
| Adj EPS ⓘ | 0.8 | 1.2 | 3.4 | 1.7 | 2.3 | -1.6 | -0.9 | 1 | 1.5 | 5.2 | 4.5 |
| YoY Gr. | - | 52.6% | 191.4% | -48.8% | 31.8% | -171.1% | NA | NA | 53.7% | 258.2% | - |
| BVPS (₹) ⓘ | 14 | 14.8 | 27.9 | 37 | 39 | 36.5 | 34.4 | 35.4 | 36.3 | 41 | 43.8 |
| Adj Net Profit ⓘ | 3.4 | 5.2 | 15 | 9.2 | 12.3 | -8.7 | -4.6 | 5.1 | 7.8 | 28.1 | 24 |
| Cash Flow from Ops. ⓘ | -1.9 | 10.3 | -6.4 | -21.4 | 48.5 | -8.6 | 10.6 | 0.2 | 19.6 | 79 | - |
| Debt/CF from Ops. ⓘ | -10.5 | 2.2 | -6 | -2.1 | 0.6 | -7 | 5.8 | 395.2 | 4.4 | 0.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.9% | 2.4% | 21% | 34.5% | ||||
| Adj EPS ⓘ | 23.9% | 18.1% | NA | 258.2% | ||||
| BVPSⓘ | 12.7% | 1% | 6% | 12.9% | ||||
| Share Price | 24.2% | 70% | 108.5% | 53.5% | ||||
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 % ⓘ | 5.6 | 8.1 | 15.8 | 5.7 | 6 | -4.3 | -2.4 | 2.7 | 4.1 | 13.6 | 10.5 |
| Op. Profit Mgn % ⓘ | 6.6 | 7.7 | 12.8 | 7.9 | 10.1 | -2.3 | 4.3 | 11.2 | 13.6 | 19.6 | 16.9 |
| Net Profit Mgn % ⓘ | 2.2 | 2.8 | 6.5 | 3.5 | 5.1 | -5.6 | -3 | 2.6 | 3.9 | 10.4 | 7.8 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.3 | 0.2 | 0.1 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0 |
| Working Cap Days ⓘ | 135 | 126 | 140 | 192 | 225 | 303 | 284 | 224 | 262 | 250 | 134 |
| Cash Conv. Cycle ⓘ | 96 | 88 | 86 | 121 | 132 | 165 | 159 | 133 | 181 | 169 | 27 |
Return on Equity has increased versus last 3 years average to 10.50%
Sales growth is growing at healthy rate in last 3 years 21.00%
Sales growth is good in last 4 quarters at 34.93%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.5 | 4.5 |
| TTM Sales (₹ Cr.) | 309 | 309 |
| BVPS (₹.) ⓘ | 43.8 | 43.9 |
| Reserves (₹ Cr.) ⓘ | 225 | 225 |
| P/BV ⓘ | 9.87 | 9.85 |
| PE ⓘ | 96.96 | 96.06 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 253.74 / 909.35 |
| All Time Low / High (₹) | 0.20 / 909.35 |
| Market Cap (₹ Cr.) | 2,324 |
| Equity (₹ Cr.) | 10.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 55.9 |
| 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 | 149 | 185 | 231 | 266 | 241 | 157 | 153 | 199 | 202 | 272 |
| Operating Expenses ⓘ | 140 | 171 | 201 | 246 | 217 | 161 | 147 | 177 | 176 | 218 |
| Manufacturing Costs | 12 | 13 | 16 | 18 | 14 | 13 | 9 | 13 | 16 | 18 |
| Material Costs | 80 | 101 | 122 | 158 | 139 | 80 | 74 | 97 | 87 | 111 |
| Employee Cost | 36 | 40 | 50 | 53 | 47 | 49 | 47 | 46 | 51 | 57 |
| Other Costs ⓘ | 12 | 17 | 14 | 16 | 17 | 20 | 17 | 20 | 23 | 33 |
| Operating Profit ⓘ | 10 | 14 | 29 | 20 | 24 | -5 | 7 | 22 | 26 | 53 |
| Operating Profit Margin (%) | 6.5% | 7.6% | 12.7% | 7.6% | 9.8% | -3.2% | 4.3% | 11.2% | 12.8% | 19.6% |
| Other Income ⓘ | 4 | 4 | 1 | 2 | 3 | 1 | 1 | 2 | 2 | 9 |
| Interest ⓘ | 2 | 4 | 4 | 5 | 6 | 6 | 7 | 8 | 9 | 11 |
| Depreciation ⓘ | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 9 | 10 | 12 |
| Exceptional Items ⓘ | 0 | -3 | 0 | 0 | 0 | 0 | -9 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 8 | 22 | 13 | 16 | -15 | -15 | 7 | 9 | 40 |
| Tax ⓘ | 2 | 3 | 7 | 5 | 5 | -5 | -4 | 2 | 2 | 12 |
| Profit After Tax | 5 | 6 | 15 | 9 | 12 | -10 | -11 | 6 | 7 | 28 |
| PAT Margin (%) | 3.6% | 3.1% | 6.5% | 3.3% | 4.9% | -6.1% | -7.0% | 2.8% | 3.3% | 10.3% |
| Adjusted EPS (₹) | 1.2 | 1.3 | 3.4 | 1.6 | 2.2 | -1.8 | -2.0 | 1.1 | 1.2 | 5.2 |
| Dividend Payout Ratio (%) | 33% | 31% | 18% | 30% | 25% | 0% | 0% | 29% | 27% | 10% |
| 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 | 62 | 65 | 124 | 197 | 209 | 196 | 185 | 190 | 195 | 220 |
| Share Capital ⓘ | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 53 | 57 | 115 | 186 | 199 | 186 | 174 | 179 | 184 | 210 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 18 | 22 | 38 | 43 | 25 | 58 | 58 | 75 | 84 | 58 |
| Long Term Debt | 1 | 0 | 6 | 8 | 7 | 4 | 10 | 5 | 2 | 13 |
| Short Term Debt | 18 | 22 | 32 | 35 | 18 | 54 | 48 | 70 | 82 | 46 |
| Trade Payables | 8 | 12 | 15 | 23 | 26 | 19 | 17 | 21 | 16 | 16 |
| Others Liabilities ⓘ | 25 | 30 | 55 | 64 | 52 | 50 | 43 | 42 | 64 | 158 |
| Total Liabilities ⓘ | 113 | 130 | 231 | 327 | 312 | 323 | 303 | 328 | 360 | 452 |
Fixed Assets | ||||||||||
| Gross Block | 62 | 64 | 124 | 128 | 145 | 149 | 223 | 233 | 250 | 270 |
| Accumulated Depreciation | 21 | 24 | 25 | 28 | 33 | 38 | 43 | 52 | 61 | 72 |
| Net Fixed Assetsⓘ | 41 | 39 | 99 | 100 | 112 | 111 | 180 | 180 | 189 | 198 |
| CWIP ⓘ | 0 | 2 | 4 | 16 | 35 | 62 | 2 | 4 | 2 | 3 |
| Investmentsⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Inventories | 24 | 22 | 34 | 36 | 32 | 42 | 37 | 38 | 80 | 88 |
| Trade Receivables | 33 | 42 | 56 | 97 | 65 | 47 | 45 | 70 | 54 | 73 |
| Cash Equivalents | 3 | 7 | 5 | 39 | 29 | 15 | 6 | 5 | 7 | 29 |
| Others Assetsⓘ | 7 | 11 | 29 | 34 | 34 | 40 | 28 | 26 | 23 | 55 |
| Total Assets ⓘ | 113 | 130 | 231 | 327 | 312 | 323 | 303 | 328 | 360 | 452 |
| 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 ⓘ | -2 | 10 | -6 | -21 | 48 | -9 | 11 | 0 | 20 | 79 |
| PBT ⓘ | 8 | 11 | 23 | 13 | 16 | -15 | -15 | 7 | 9 | 40 |
| Adjustment ⓘ | 5 | 4 | 4 | 7 | 10 | 16 | 16 | 18 | 20 | 25 |
| Changes in Working Capital ⓘ | -12 | 1 | -28 | -35 | 28 | -8 | 10 | -24 | -11 | 14 |
| Tax Paid ⓘ | -3 | -3 | -5 | -7 | -6 | -2 | 0 | -1 | 2 | -1 |
| Cash Flow From Investing Activity ⓘ | -3 | -4 | -10 | -46 | -25 | -15 | -4 | -13 | -16 | -25 |
| Capex | 0 | 1 | -9 | -16 | -38 | -29 | -13 | -14 | -14 | -23 |
| Net Investments | 0 | 0 | 4 | -31 | 10 | 13 | 8 | 0 | -2 | -2 |
| Others ⓘ | -3 | -5 | -5 | 1 | 3 | 2 | 1 | 1 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | 5 | -3 | 14 | 68 | -23 | 23 | -7 | 12 | -4 | -34 |
| Net Proceeds from Shares ⓘ | 2 | 0 | 0 | 69 | 3 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | 0 | 6 | 4 | -1 | -3 | 7 | -5 | -3 | 15 |
| Interest Paid ⓘ | -2 | -2 | -2 | -5 | -5 | -6 | -8 | -8 | -9 | -11 |
| Dividend Paid ⓘ | -3 | -4 | 0 | -4 | -3 | -3 | 0 | 0 | -2 | -2 |
| Others ⓘ | 10 | 4 | 10 | 5 | -16 | 35 | -6 | 25 | 10 | -36 |
| Net Cash Flow ⓘ | 0 | 3 | -3 | 1 | 0 | -1 | -1 | 0 | 0 | 20 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.99 | 8.91 | 15.97 | 5.45 | 5.77 | -4.72 | -5.63 | 3 | 3.47 | 13.54 |
| ROCE (%) | 13.17 | 14.28 | 21.26 | 9.27 | 9.12 | -3.45 | -3 | 5.73 | 6.57 | 17.97 |
| Asset Turnover Ratio | 1.49 | 1.67 | 1.4 | 0.97 | 0.75 | 0.49 | 0.49 | 0.63 | 0.59 | 0.67 |
| PAT to CFO Conversion(x) | -0.4 | 1.67 | -0.4 | -2.33 | 4 | N/A | N/A | 0 | 2.86 | 2.82 | Working Capital Days |
| Receivable Days | 70 | 68 | 71 | 103 | 123 | 130 | 109 | 106 | 112 | 85 |
| Inventory Days | 47 | 42 | 40 | 47 | 51 | 86 | 94 | 68 | 106 | 113 |
| Payable Days | 37 | 36 | 40 | 43 | 63 | 102 | 89 | 71 | 78 | 52 |
Premier Explosives Limited (PEL) is one of the major companies manufacturing the entire range of explosives and accessories for the civil requirement. Starting as a Small Scale unit in 1980, it was founded by A.N.Gupta, a Gold Medallist in Mining Engineering. Its current turnover is about Rs. 600 million per year. The export earnings of the company are about Rs. 200 million per year.
PEL is the first manufacturer in India to deploy totally indigenous technology. PEL today has the widest range of products and technologies in the manufacture of Explosives & Accessories. These include Emulsion and Slurry explosives, LD cartridge explosives, Bulk Explosives, Small-dia non-permitted explosives, Permitted explosives, Cast Boosters, Pillow-packs for secondary blasting; Detonating Fuse of various core-loads, Plain detonators, Instantaneous Electric Detonators, Electric Delay Detonators, Permitted Detonators, Cord Relays and Amardet NoN Electirc Shock-tube Detonators.
PEL has constantly innovated and upgraded its products and technology to offer “state-of-the-art†products to its valued customers both in India and abroad. Commitment to quality, Safety, Health & Environment are the way of life at PEL.
PEL’s R &D facility is recognized by the Centre for Scientific and Industrial Research (CSIR), Government of India, as an established research centre. It is also recognized as a research base for Ph.D. work by the Osmania University, Andhra Pradesh.
The wide distribution network comprising of magazines Consignment Agents, Dealers and Handling Agents, located across the country, ensure ready stock and prompt delivery to customers even in remote locations.
There is a team of highly experienced and qualified sales and Technical Service engineers to provide full support on applications, safety and handling of explosives and accessories to customers. This is backed by a team of export mining/blasting engineers at the Technical Services group located at headquarters.
Apart from providing regular support services to customers, PEL also undertakes complete drilling & blasting contracts in collaboration with associates having resources of drilling and excavation equipment & manpower.
Product range of the company includes:
Manufacturers of the entire range of Explosives and Accessories in India.
Milestones
Achievements/ recognition:
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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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