BSE: 0 | NSE: PRATHAM | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Pratham EPC Projects Ltd is a average quality company.
The key valuation ratios of Pratham EPC Projects Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pratham EPC Projects Ltd is likely to Rise-somewhat 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 26.9% | 61.5% | 48.9% | 32.6% | - |
| Value Creation Index ⓘ | 0.9 | 3.4 | 2.5 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 30.6 | 50.5 | 50.2 | 68.8 | 69 |
| Sales YoY Gr. | - | 65% | -0.5% | 37.1% | - |
| Adj EPS ⓘ | 0.9 | 3.4 | 5.9 | 5.6 | 5.7 |
| YoY Gr. | - | 277.8% | 72.4% | -5.1% | - |
| BVPS (₹) ⓘ | 4.6 | 8 | 13.9 | 34.3 | 34.3 |
| Adj Net Profit ⓘ | 1.2 | 4.4 | 7.6 | 9.9 | 10 |
| Cash Flow from Ops. ⓘ | 3 | 10.4 | -7.1 | -9 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 0.2 | -2 | -0.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 31.1% | 37.1% | ||||
| Adj EPS ⓘ | NA | NA | 83.5% | -5.1% | ||||
| BVPSⓘ | NA | NA | 95.7% | 147% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 19.6 | 54.2 | 53.6 | 25 | 16.5 |
| Op. Profit Mgn % ⓘ | 8.2 | 13.7 | 20.8 | 21 | NAN |
| Net Profit Mgn % ⓘ | 3.8 | 8.7 | 15.1 | 14.3 | 14.6 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.8 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 96 | 149 | 204 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -29 | 1 | 100 | 0 |
Sales growth is growing at healthy rate in last 3 years 31.05%
Net Profit is growing at healthy rate in last 3 years 83.49%
Return on Equity has declined versus last 3 years average to 16.50%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.7 | 5.6 |
| TTM Sales (₹ Cr.) | 68.8 | 69.6 |
| BVPS (₹.) ⓘ | 34.3 | 34.3 |
| Reserves (₹ Cr.) ⓘ | 43 | 43 |
| P/BV ⓘ | 6.78 | 6.78 |
| PE ⓘ | 41.07 | 41.23 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 413 |
| Equity (₹ Cr.) | 17.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 31 | 50 | 50 | 69 |
| Operating Expenses ⓘ | 28 | 44 | 40 | 54 |
| Manufacturing Costs | 4 | 9 | 8 | 17 |
| Material Costs | 18 | 26 | 23 | 19 |
| Employee Cost | 3 | 5 | 6 | 13 |
| Other Costs ⓘ | 3 | 3 | 3 | 5 |
| Operating Profit ⓘ | 2 | 7 | 10 | 14 |
| Operating Profit Margin (%) | 8.1% | 13.7% | 20.8% | 21.0% |
| Other Income ⓘ | 0 | 0 | 1 | 2 |
| Interest ⓘ | 1 | 0 | 1 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 6 | 10 | 14 |
| Tax ⓘ | 0 | 1 | 3 | 3 |
| Profit After Tax | 1 | 4 | 8 | 10 |
| PAT Margin (%) | 3.7% | 8.7% | 15.2% | 14.6% |
| Adjusted EPS (₹) | 0.9 | 3.4 | 5.9 | 5.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6 | 10 | 18 | 61 | ||||||
| Share Capital ⓘ | 1 | 1 | 1 | 18 | ||||||
| Reserves ⓘ | 5 | 10 | 17 | 43 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 2 | 11 | 2 | ||||||
| Long Term Debt | 1 | 2 | 4 | 2 | ||||||
| Short Term Debt | 0 | 0 | 7 | 0 | ||||||
| Trade Payables | 10 | 12 | 12 | 8 | ||||||
| Others Liabilities ⓘ | 3 | 4 | 7 | 7 | ||||||
| Total Liabilities ⓘ | 20 | 29 | 48 | 78 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 6 | 8 | 11 | 15 | ||||||
| Accumulated Depreciation | 2 | 2 | 3 | 4 | ||||||
| Net Fixed Assetsⓘ | 4 | 5 | 8 | 11 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 2 | 4 | 4 | 0 | ||||||
| Inventories | 0 | 2 | 8 | 25 | ||||||
| Trade Receivables | 10 | 6 | 16 | 16 | ||||||
Cash Equivalents  ⓘ
| 0 | 6 | 8 | 18 | ||||||
| Others Assetsⓘ | 3 | 5 | 4 | 9 | ||||||
| Total Assets ⓘ | 20 | 29 | 48 | 78 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 10 | -7 | -9 |
| PBT ⓘ | 2 | 6 | 10 | 14 |
| Adjustment ⓘ | 1 | 1 | 2 | 3 |
| Changes in Working Capital ⓘ | 1 | 5 | -16 | -22 |
| Tax Paid ⓘ | 0 | -1 | -2 | -3 |
| Cash Flow From Investing Activity ⓘ | -3 | -5 | -3 | -1 |
| Capex | -1 | -2 | -4 | -4 |
| Net Investments | -1 | -2 | 0 | 3 |
| Others ⓘ | -1 | -1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | 0 | 5 | 19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 36 |
| Net Proceeds from Borrowing ⓘ | -1 | 1 | 2 | -2 |
| Interest Paid ⓘ | -1 | 0 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | 3 | -14 |
| Net Cash Flow ⓘ | -1 | 5 | -5 | 8 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.05 | 54.28 | 53.97 | 25.49 | ||||||
| ROCE (%) | 26.94 | 61.48 | 48.88 | 32.55 | ||||||
| Asset Turnover Ratio | 1.5 | 2.06 | 1.3 | 1.09 | ||||||
| PAT to CFO Conversion(x) | 3 | 2.5 | -0.88 | -0.9 | Working Capital Days | |||||
| Receivable Days | 122 | 59 | 82 | 85 | ||||||
| Inventory Days | 5 | 9 | 35 | 86 | ||||||
| Payable Days | 204 | 158 | 194 | 190 | ||||||
Pratham EPC Projects Limited was originally incorporated in the name and style of ‘Pratham EPC Projects Private Limited’, as a Private Limited Company under the Provisions of Companies Act, 20123 pursuant to a Certificate of Incorporation dated October 27, 2014 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Later on, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 21, 2023 and the name of the Company was changed to ‘Pratham EPC Projects Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated July 28, 2023 was issued by the Registrar of Companies, Ahmedabad.
The company is an integrated engineering, procurement, construction and commissioning company being in business of end-to end service providers to Oil & Gas distribution companies in India. It is an Oil & Gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with construction of associated facilities; and providing Operations & Maintenance services to the City Gas Distribution (CGD) Companies in India. It is an integrated EPC company offering a diversified range of pipeline and allied services for oil & gas industry.
It provide its services for cross country pipeline projects for different applications viz. Oil, gas & water etc. and also undertake Pipeline laying work on Turnkey basis including engineering, procurement, pipeline construction for city gas distribution, horizontal direction drilling, stations including civil, electromechanical and instrumentation for its clients. The company is ISO 10002:2018 certified for customer satisfaction and complaint management system by International Standards Registrations, ISO 14001:2015 certified for environment management system by International Standards Registrations, ISO 18001:2007 certified for Occupational Health and Safety management system by International Standards Registrations and ISO 9001:2015 certified for quality management system by ROHS Certification
Business area of the company
The company is engaged in the business of Pipeline Construction of Oil & Gas and Water Engineering Procurement Construction.
History and milestones
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