Is Precision Electronics a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Precision Electronics Ltd is a below average quality company .

Is Precision Electronics undervalued or overvalued?

The key valuation ratios of Precision Electronics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Precision Electronics share price return in the past 10 years?

Precision Electronics Ltd share price has appreciated 25.3% annually (CAGR) over the past ten years.

Is Precision Electronics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Precision Electronics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Precision Electronics?

The latest standalone P/E ratio of Precision Electronics as of 18-Oct-2024 is 490.87.

What is the P/B ratio of Precision Electronics?

The latest standalone P/B ratio of Precision Electronics as of 18-Oct-2024 is 17.24.

Precision Electronics Ltd - Stock Valuation and Financial Performance

Name: Precision Electronics
Brand: Precision Electronics

BSE: 517258 | NSE: | Engineering - Construction | Small Cap

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Precision Electronic Share Price

₹166 2.95 1.81%
as on 18-Oct'24 10:17

10 Year X-Ray of Precision Electronic:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.7%	-5%	5.8%	-2.2%	-9.3%	8.9%	7.3%	2.8%	9.3%	9.9%	-
Value Creation Index ⓘ	-0.7	-1.4	-0.6	-1.2	-1.7	-0.4	-0.5	-0.8	-0.3	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	27.6	25.8	24.1	34.4	29	37.2	41.5	35.4	35.6	47.3	48
Sales YoY Gr.	-	-6.5%	-6.5%	42.6%	-15.8%	28.6%	11.5%	-14.8%	0.5%	33.1%	-
Adj EPS ⓘ	0.2	-1.5	-0.1	-1.1	-3.4	0.3	0.4	-1.1	-1.1	1.1	0.3
YoY Gr.	-	-922.2%	NA	NA	NA	NA	31.3%	-357.1%	NA	NA	-
BVPS (₹) ⓘ	16.2	14.8	14.8	13.6	10.1	10.5	10.8	9.6	9.7	10.8	9.5
Adj Net Profit ⓘ	0.3	-2.1	-0.1	-1.5	-4.8	0.5	0.6	-1.5	-1.6	1.5	0
Cash Flow from Ops. ⓘ	-3.1	-0.5	1.6	-3.6	1.6	7.3	-1.8	6	-5.1	7.7	-
Debt/CF from Ops. ⓘ	-2.2	-14	5.8	-4.6	12	2.1	-12.3	3.5	-3.7	2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.2%	10.3%	4.5%	33.1%
Adj EPS ⓘ	21.8%	NA	36.2%	NA
BVPSⓘ	-4.5%	1.2%	-0.2%	10.9%
Share Price	25.3%	38.4%	82.5%	223.6%

Key Financial Parameters ⓘ

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 % ⓘ	0.8	-7	-0.5	-7.8	-29	3.1	4	-10.6	-11.6	10.4	3.3
Op. Profit Mgn % ⓘ	8.6	-2	10.1	0.4	-8.4	8.5	5.9	-3.8	2.1	7.4	5.3
Net Profit Mgn % ⓘ	0.9	-8	-0.5	-4.4	-16.4	1.2	1.4	-4.2	-4.4	3.1	1
Debt to Equity ⓘ	0.3	0.4	0.5	0.9	1.4	1.1	1.4	1.6	1.4	1.3	-
Working Cap Days ⓘ	241	288	345	321	415	272	306	377	311	249	129
Cash Conv. Cycle ⓘ	122	163	187	190	249	138	141	194	208	167	56

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.30%

Net Profit is growing at healthy rate in last 3 years 36.15%

Sales growth is good in last 4 quarters at 49.40%

Sales growth has been subdued in last 3 years 4.46%

Debt to equity has increased versus last 3 years average to 1.30

Latest Financials - Precision Electronics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	-
TTM Sales (₹ Cr.)	47.9	-
BVPS (₹.) ⓘ	9.5	-
Reserves (₹ Cr.) ⓘ	-1	-
P/BV ⓘ	17.24	-
PE ⓘ	490.87	-

From the Market
52 Week Low / High (₹)	44.45 / 189.80
All Time Low / High (₹)	0.20 / 189.80
Market Cap (₹ Cr.)	226
Equity (₹ Cr.)	13.9
Face Value (₹)	10
Industry PE ⓘ	37.7

Management X-Ray of Precision Electronic:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Precision Electronic

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Precision Electronic

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	28	26	24	34	29	37	42	35	36	47
Operating Expenses ⓘ	25	26	22	34	31	34	39	37	35	44
Manufacturing Costs	5	7	7	11	2	5	4	4	5	4
Material Costs	9	8	5	12	17	15	25	21	17	26
Employee Cost	7	7	7	7	8	9	5	6	6	7
Other Costs ⓘ	4	4	3	4	4	5	5	6	7	7
Operating Profit ⓘ	2	-1	2	0	-2	3	2	-2	1	3
Operating Profit Margin (%)	8.5%	-2.0%	10.1%	0.4%	-8.4%	8.5%	5.8%	-4.6%	2.1%	7.3%
Other Income ⓘ	0	0	0	0	0	0	1	3	1	0
Interest ⓘ	1	1	1	1	2	2	2	3	2	2
Depreciation ⓘ	2	1	1	1	1	1	1	1	1	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	2	0
Profit Before Tax ⓘ	0	-2	1	-2	-5	0	1	-2	1	1
Tax ⓘ	0	-1	1	-1	-1	0	0	0	1	0
Profit After Tax	0	-2	0	-2	-5	0	1	-2	0	1
PAT Margin (%)	0.9%	-7.6%	-0.5%	-4.4%	-16.4%	1.2%	1.4%	-4.8%	0.0%	3.1%
Adjusted EPS (₹)	0.2	-1.4	-0.1	-1.1	-3.4	0.3	0.4	-1.2	0.0	1.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	30	28	20	19	14	15	15	13	13	15
Share Capital ⓘ	14	14	14	14	14	14	14	14	14	14
Reserves ⓘ	16	14	7	5	0	1	1	-1	0	1
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7	7	9	16	19	15	22	21	19	19
Long Term Debt	2	3	4	10	11	7	9	8	9	9
Short Term Debt	5	4	5	7	8	9	13	13	10	10
Trade Payables	5	7	6	10	9	6	18	6	4	6
Others Liabilities ⓘ	0	0	2	1	0	0	-1	-1	0	2
Total Liabilities ⓘ	43	42	38	46	41	36	54	40	36	42
Fixed Assets
Gross Block	33	33	23	23	23	22	20	20	13	18
Accumulated Depreciation	13	14	14	14	15	14	13	13	10	11
Net Fixed Assetsⓘ	20	18	10	9	8	8	8	7	3	7
CWIP ⓘ	0	0	1	1	1	1	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	12	12	16	16	13	12	14	15	15	14
Trade Receivables	8	8	7	16	13	8	26	10	12	13
Cash Equivalents	1	1	1	1	1	2	1	4	1	2
Others Assetsⓘ	3	3	3	3	4	5	5	4	4	5
Total Assets ⓘ	43	42	38	46	41	36	54	40	36	42

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-3	-1	2	-4	2	7	-2	6	-5	8
PBT ⓘ	0	-2	0	-2	-5	0	1	-2	1	1
Adjustment ⓘ	2	2	2	2	3	3	2	3	0	3
Changes in Working Capital ⓘ	-6	-0	-1	-3	5	4	-5	4	-7	4
Tax Paid ⓘ	1	0	1	-1	-1	-1	1	0	0	0
Cash Flow From Investing Activity ⓘ	0	0	-1	-1	-1	0	0	1	6	-6
Capex	0	0	-1	-1	0	-1	-1	0	6	-5
Net Investments	0	0	0	0	0	0	0	0	0	-1
Others ⓘ	0	0	0	-1	0	1	1	1	0	0
Cash Flow From Financing Activityⓘ	3	0	0	5	-1	-7	1	-3	-4	-2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-4	0	0	0	0
Interest Paid ⓘ	-1	-1	-1	-1	-2	-2	-2	-3	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	4	1	1	6	1	0	3	-1	-2	1
Net Cash Flow ⓘ	0	-1	0	0	0	1	-1	3	-3	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.1	-9.08	-0.6	-7.75	-28.86	3.14	3.85	-11.9	0.06	10.3
ROCE (%)	3.73	-4.95	5.82	-2.2	-9.28	8.88	7.25	2.84	9.25	9.85
Asset Turnover Ratio	0.72	0.68	0.67	0.84	0.66	0.97	0.93	0.76	0.94	1.22
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	-2	N/A	N/A	8
Working Capital Days
Receivable Days	64	102	107	118	180	104	151	184	113	97
Inventory Days	142	153	196	168	187	124	112	146	154	114
Payable Days	217	271	456	254	198	182	181	219	108	68

Precision Electronics Ltd Stock News

Precision Electronics Ltd FAQs

What is the share price of Precision Electronic?

Company share prices are keep on changing according to the market conditions. The closing price of Precision Electronic on 18-Oct-2024 10:17 is ₹166.0.

What is the market cap of Precision Electronic?

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 18-Oct-2024 10:17 the market cap of Precision Electronic stood at ₹225.8.

What is the P/E ratio of Precision Electronic?

The latest P/E ratio of Precision Electronic as of 18-Oct-2024 10:17 is 490.9.

What is the P/B ratio of Precision Electronic?

The latest P/B ratio of Precision Electronic as of 18-Oct-2024 10:17 is 17.24.

What is the 52-week high and low of Precision Electronic?

The 52-week high of Precision Electronic is ₹189.8 and the 52-week low is ₹44.45.

What is the TTM revenue of Precision Electronic?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Precision Electronic is ₹47.94 ( Cr.) .

About Precision Electronics Ltd

Precision Electronics Limited (PEL) incorporated on 1st May 1979 as a Private Limited company and later in 1989 was converted into a Public Limited company, is engaged in the business of design & manufacturing, marketing & selling of Printed Circuit Board (PCB) and Telecom Transmission Equipment at its plant located at Sector 3 Noida, India and Roorkee, India.

PEL products find scope in industrial electronic equipment manufacturers, telecom service providers and are used by PSUs like BSNL, MTNL, besides other Govt. client like Ministry of Defence, Home Affairs, Airport Authority of India, Oil Companies etc. Market segment of PEL is primarily Govt. / PSU. PEL infrastructure is approved by all the Quality agencies of the customer viz. TEC (DOT), DGQA (MOD), RDSO (Railways) and in addition is ISO 9001-2000 accredited and ISO 27001 (pending).

Products and Services offered by the company:-

Products

Voice Loggers
High Capacity Radio line of sight Radio Relay Systems
Fixed Wireless Access
Last Mile Wireline Solutions
Multi-Service Platforms
Metro Ethernet Switches
Telephony Solutions
Bulk Encryption Units
Terminal End Secrecy Devices
Network Security
Tactical V/UHF Radios
Ad-hoc Networked Data Radio
Tank Harness
Printed Circuit Boards
Ruggedization and Containerization
Telescopic, Pneumatic and Hydraulic Mast
Power Supplies

Services

Capability to offer overall Project co-ordination, Management and Turnkey project implementation
Complete post-sales service support
Systems Analysis based on customer requirement/ Request For Proposal to find solutions for system design/ System Integration
Market survey and Product Strategizing
Customer Product Evaluation
Homologation
Value Added Services
COTS-to-MIL Engineering
Repair and maintenance during warranty and Annual Maintenance Contracts
Product Prototyping

Milestones:

1979 PEL was founded by Ashok Kanodia in Faridabad, a suburb of Delhi, to manufacture Single Sided PCBs.
1980 PEL brand of PCB established in Northern India
1982 PEL expands facilities in Faridabad.
1983 Production of double sided plated through hole PCBs initiated.
1986 Acquires a plot measuring 5000 m2 in NOIDA ,an industrial suburb of Delhi
1988 Govt. opens the Telecom sector for Private industry participation. PEL receives license to manufacture Telecom Transmission equipment viz. Access MUX, Line Systems, Radio equipment & Subscriber Radio terminal (SRE) for the Multi Access Rural Radio system (MARR)
1989 PEL obtains Govt. permission to setup the largest PCB manufacturing facility in Northern India. Construction for a state-of-art air conditioned and dust free facility covering 5000 m2 started
1990 Transfer of Technology agreements signed with: - Wagner Schaltungstechnik of Germany for Multi-Layer PCB. - ITI Ltd. for Primary and Second Order MUX. - C-DOT for 10-channel Digital Radio for rural connectivity.
1991 EL goes Public. IPO is oversubscribed.
1992 Production At NOIDA begins. Bulk supplies of MUX and Subscriber Radio Equipment of Rural Radio Communication System (SRE) to ITI Ltd. Rights issue initiated to fund cost overrun caused due to Indian currency de-valuation.
1993 Rs. 200 million PO for MUX and Line Systems received from DoT (National PTT). PEL signs technology transfer agreement with: - SAT of France for SDH Optical Terminals.- Marine AIR systems (MAS) of New Zealand for DXR 200 series of Digital Microwave Radio
1994 Rs. 150 million MTNL PO STM-4 systems received. PEL achieves ISO 9001 quality standards for its operations.
1995 SDH systems installed timely in MTNL Delhi & Mumbai. Sales touch Rs. 350 million.
1996 PEL goes through a period of severe cash crunch due to large withholding of funds against supplies made to a major account.
1998 Maiden contract from the Indian Air Force worth Rs. 100 million for supply of Multi-channel Radio Relay (MCRR) on Vehicular platform received. PEL performs first ever total system integration of COTS equipment to MIL-compliant specs.
1999 Rs. 35 million PO for supply of pipe line communication system received from Gujarat Communications & Electronics Corporation Ltd. (GCEL). Against stiff competition PEL bags a prestigious assignment from the ASCON (Army Static Communication Network) working group of the Indian Army to deliver a concept proving platform - the MOBILE ASCON node.
2000 PEL receives award from the ASCON working group for delivering the Mobile ASCON Node. These nodes are deployed and successfully used during active field operations conducted by the Indian Army. The Mobile ASCON node becomes a mainstay for the Indian Army.
2001 MTNL places PO for Rs. 50 million for supply of MUX with interface cards. PEL offers its secured lenders a One Time Settlement (OTS) of all the debts and accepts the financial restructuring package offered.
2002 HQ Northern Command, Indian Army places PO worth Rs. 20 Million for supply of TDM Access Equipment including Flex-MUX and modems. IAF places a repeat order worth Rs. 11 million for supply of MCRR on vehicular platform.
2003 Infusion of capital by strategic investor makes PEL a DEBT FREE company. PEL bags an order from HQ 15 Corps for supply of first ever Spread Spectrum radiosPEL wins RFP for supply of TDM Access Equipment worth Rs. 10 million to HQ Northern Command.IAF places a PO on PEL for spares for already supplied MCRRs worth Rs. 11 million. DRDO places a PO on PEL for supply of TDM MUX.
2004 PEL upgrades its facilities and infuses fresh talent for R&D, Tech Support, Production and Marketing activities. Target market is the Military. PEL is awarded contract by IAF for supply Digital Voice Loggers for their ATCs worth Rs.20 million. MTNL places PO for Rs. 20 million for supply of MUX with I/F cards.BSNL (all circles) places PO totaling Rs. 200 million for supply of MUX with I/F cards. PEL successfully completes trials with the Indian Army for its PST-12M platform in the North and North-East regions of India.PEL successfully completes trials with the 21 Signals Group of the Indian Corps of Signals as well as PMO BSS (Battlefield Surveillance System) for its Point-to-Multipoint radio platform.PEL completes successful trials of Digital Voice Loggers with Airport Authority of India.
2005 Sales of PDM-30A and data cards grow by 60%PCB sales grow by 30%DGQA registers PEL as preferred vendor to Indian Armed ForcesPEL receives PO to supply PST-12M radios to Army and Paramilitary Forces in N-E IndiaPEL successfully deploys DVDRs in 25 different locations (Air-traffic controllers) of the IAF all over India. PEL has developed customer support representatives in J&K, Punjab & Rajasthan to ensure 100% satisfaction for IAF.PEL delivers Project Parikshak of the Indian ArmySuccessful completion of DGQA, CQL and EME evaluations for the PFM-3440MPEL establishes company-wide LAN with state-of-art IT and networking assets to increase productivity of workPEL augmented its human capital and will continue with strategic recruitment activities into 2006 as are commensurate with its envisioned growth.

Achievements/ recognition:

ISO 9001: 2000
ISO 27001 (pending)
Underwriters Laboratory (UL), USA
Directorate General of Aeronautical Quality Assurance (DGAQA), Ministry of Defence
Directorate General of Quality Assurance (DGQA), Ministry of Defence
Electronic Component Standardization Organization (ECSO)
Telecommunication Engineering Center (TEC), Dept. Of Telecommunications
Research Design & Standards Organization (RDSO), Indian Railway