BSE: 532693 | NSE: PUNJLLOYD | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Punj Lloyd Ltd is a below average quality company.
The key valuation ratios of Punj Lloyd Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
No data found
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16% | 13.3% | 5.9% | 8.4% | 8.3% | 8.7% | 2.8% | -7.2% | -0.2% | 1.4% | - |
| Value Creation Index ⓘ | 0.1 | 0.0 | -0.6 | -0.4 | -0.4 | -0.4 | -0.8 | -1.5 | -1.0 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 6,852 | 7,117 | 4,216 | 5,878 | 8,366 | 8,229 | 4,882 | 3,348 | 3,761 | 4,059 | 3,181 |
| Sales YoY Gr. | - | 3.9% | -40.8% | 39.4% | 42.3% | -1.6% | -40.7% | -31.4% | 12.3% | 7.9% | - |
| Adj EPS ⓘ | 10.3 | 4.5 | -2.8 | -3.8 | -3.4 | -4.6 | -30 | -45.2 | -24.6 | 5.9 | -105.3 |
| YoY Gr. | - | -56.2% | -162.4% | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 85.8 | 107.6 | 107.1 | 114.5 | 115.8 | 112.8 | 96.4 | 59.7 | 6 | 4.8 | -128.6 |
| Adj Net Profit ⓘ | 313 | 150 | -93.6 | -127 | -112 | -153 | -996 | -1,502 | -821 | 197 | -3,532 |
| Cash Flow from Ops. ⓘ | -651 | -1,271 | 957 | -240 | -161 | 584 | -124 | -433 | 543 | 258 | - |
| Debt/CF from Ops. ⓘ | -4.5 | -2.8 | 3.5 | -18 | -31.4 | 9.1 | -41.9 | -14.4 | 11.8 | 25.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -5.7% | -13.5% | -6% | 7.9% | ||||
| Adj EPS ⓘ | -6.1% | NA | NA | NA | ||||
| BVPSⓘ | -27.4% | -47.1% | -63.2% | -19.6% | ||||
| Share Price | -24.7% | 10.9% | 1.9% | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.4 | 4.9 | -2.6 | -3.5 | -2.9 | -4 | -28.6 | -57.9 | -75.1 | 108.6 | 170.1 |
| Op. Profit Mgn % ⓘ | 11.2 | 7.8 | 7.2 | 8.9 | 8.5 | 9.1 | -5 | -14.5 | -3.1 | -3.4 | -87.2 |
| Net Profit Mgn % ⓘ | 4.6 | 2.1 | -2.2 | -2.2 | -1.3 | -1.9 | -20.4 | -44.9 | -21.8 | 4.9 | -111 |
| Debt to Equity ⓘ | 1.1 | 1 | 0.9 | 1.1 | 1.3 | 1.4 | 1.6 | 3.1 | 32.1 | 41.2 | - |
| Working Cap Days ⓘ | 239 | 327 | 624 | 526 | 459 | 492 | 792 | 1,109 | 964 | 843 | 445 |
| Cash Conv. Cycle ⓘ | 123 | 177 | 341 | 273 | 234 | 264 | 463 | 666 | 567 | 489 | -179 |
No data to display
Return on Equity has declined versus last 3 years average to %
Sales growth has been subdued in last 3 years %
Sales growth is not so good in last 4 quarters at %
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -105.3 | -2.1 |
| TTM Sales (₹ Cr.) | 3,181 | 5,080 |
| BVPS (₹.) ⓘ | -128.6 | -60.5 |
| Reserves (₹ Cr.) ⓘ | -4,382 | -2,099 |
| P/BV ⓘ | -0.02 | -0.04 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2.11 / 2.26 |
| All Time Low / High (₹) | 0.76 / 589.10 |
| Market Cap (₹ Cr.) | 74.8 |
| Equity (₹ Cr.) | 67.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 35.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,851.99 | 7,116.70 | 4,216.12 | 5,878.03 | 8,366.06 | 8,229.17 | 4,881.51 | 3,347.82 | 3,761.02 | 4,059.49 |
| Operating Expenses ⓘ | 6,090.80 | 6,567.55 | 3,912.69 | 5,360.05 | 7,655.45 | 7,483.17 | 5,127.90 | 3,897.37 | 3,952.12 | 4,197.53 |
| Manufacturing Costs | 4,767.14 | 5,144.11 | 1,371.52 | 2,046.56 | 3,272.79 | 2,781.97 | 1,430.13 | 991.03 | 1,134.37 | 1,124.39 |
| Material Costs | 0 | 0 | 1,420.88 | 1,940.54 | 2,829.49 | 3,364.27 | 2,565.73 | 1,731.26 | 1,651.56 | 2,056.35 |
| Employee Cost | 569.83 | 698.30 | 620.72 | 720.06 | 954.38 | 829.68 | 563.44 | 433.77 | 383.16 | 366.64 |
| Other Costs ⓘ | 753.83 | 725.15 | 499.57 | 652.89 | 598.79 | 507.25 | 568.60 | 741.31 | 783.03 | 650.15 |
| Operating Profit ⓘ | 761.19 | 549.15 | 303.43 | 517.98 | 710.61 | 746 | -246.39 | -549.55 | -191.10 | -138.04 |
| Operating Profit Margin (%) | 11.1% | 7.7% | 7.2% | 8.8% | 8.5% | 9.1% | -5.0% | -16.4% | -5.1% | -3.4% |
| Other Income ⓘ | 103.63 | 424.90 | 264.08 | 302.27 | 226.93 | 281.92 | 807.16 | 179.89 | 298.73 | 353.41 |
| Interest ⓘ | 250.56 | 428.68 | 400.28 | 546.91 | 679.53 | 771.15 | 859.54 | 897.73 | 881.66 | 976.38 |
| Depreciation ⓘ | 119.48 | 132.68 | 156.51 | 187.43 | 227.88 | 244.76 | 313.74 | 227.90 | 125.13 | 120.70 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 494.78 | 412.69 | 10.72 | 85.91 | 30.13 | 12.01 | -612.51 | -1,495.29 | -899.16 | -881.71 |
| Tax ⓘ | 173.68 | 45.29 | -1.66 | 28.25 | 10.51 | 4.20 | -105.85 | 18.42 | -48.58 | -1,199.08 |
| Profit After Tax | 321.10 | 367.40 | 12.38 | 57.66 | 19.62 | 7.81 | -506.66 | -1,513.71 | -850.58 | 317.37 |
| PAT Margin (%) | 4.7% | 5.2% | 0.3% | 1.0% | 0.2% | 0.1% | -10.4% | -45.2% | -22.6% | 7.8% |
| Adjusted EPS (₹) | 10.6 | 11.1 | 0.4 | 1.7 | 0.6 | 0.2 | -15.3 | -45.6 | -25.5 | 9.5 |
| Dividend Payout Ratio (%) | 3% | 1% | 40% | 9% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2,608.96 | 3,577.07 | 3,559.29 | 3,806.51 | 3,848.22 | 3,750.41 | 3,204.65 | 1,983.73 | 200.02 | 161.56 |
| Share Capital ⓘ | 60.70 | 66.42 | 66.42 | 66.42 | 66.42 | 66.42 | 66.42 | 66.42 | 66.85 | 67.12 |
| Reserves ⓘ | 2,548.26 | 3,510.65 | 3,492.87 | 3,740.09 | 3,781.80 | 3,683.99 | 3,138.23 | 1,917.31 | 133.17 | 94.44 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2,937.85 | 3,503 | 2,704.16 | 3,830.71 | 4,584.76 | 4,770.82 | 4,554.52 | 5,485 | 5,227.99 | 5,120.30 |
| Long Term Debt | 2,937.85 | 3,503 | 1,501.72 | 1,448.93 | 1,297.30 | 1,248.93 | 586.99 | 1,538.37 | 1,045.12 | 482.14 |
| Short Term Debt | 0 | 0 | 1,202.44 | 2,381.78 | 3,287.46 | 3,521.89 | 3,967.53 | 3,946.63 | 4,182.87 | 4,638.16 |
| Trade Payables | 1,204.64 | 997.29 | 766.01 | 1,542.45 | 2,082.66 | 2,300.14 | 2,250.67 | 2,412.55 | 2,354.11 | 2,443.78 |
| Others Liabilities ⓘ | 1,460.31 | 1,173.93 | 2,651.03 | 3,045.46 | 3,430.13 | 3,210.05 | 2,951.66 | 3,039.19 | 4,227.32 | 2,625.69 |
| Total Liabilities ⓘ | 8,211.76 | 9,251.29 | 9,680.49 | 12,225.13 | 13,945.77 | 14,031.42 | 12,961.50 | 12,920.47 | 12,009.44 | 10,351.33 |
Fixed Assets | ||||||||||
| Gross Block | 1,541.30 | 1,767.24 | 1,954.81 | 2,462.63 | 2,763.86 | 2,761.34 | 2,572.91 | 2,017.51 | 1,883.47 | 1,777.31 |
| Accumulated Depreciation | 469.02 | 587.25 | 708.61 | 909 | 1,129.11 | 1,251.23 | 1,460.53 | 1,216.91 | 1,175.57 | 1,174.52 |
| Net Fixed Assetsⓘ | 1,072.28 | 1,179.99 | 1,246.20 | 1,553.63 | 1,634.75 | 1,510.11 | 1,112.38 | 800.60 | 707.90 | 602.79 |
| CWIP ⓘ | 123.65 | 134.38 | 41.49 | 131.63 | 0 | 0 | 2.89 | 0.86 | 5.42 | 0 |
| Investmentsⓘ | 993.35 | 676.27 | 655.50 | 670.52 | 690.46 | 1,578.56 | 1,180.56 | 1,820.04 | 864.15 | 554.14 |
| Inventories | 2,950.29 | 3,506.09 | 3,696.43 | 5,185.67 | 5,368.06 | 6,196.13 | 6,057.72 | 6,331.91 | 6,222.03 | 4,872.53 |
| Trade Receivables | 1,523.56 | 1,497.58 | 1,237.70 | 1,404.32 | 2,903.58 | 2,377.72 | 2,267.20 | 2,098.89 | 2,386.60 | 2,591.26 |
| Cash Equivalents | 358.93 | 181.24 | 401.12 | 250.98 | 191.21 | 176.31 | 246.63 | 373.20 | 485.55 | 398.16 |
| Others Assetsⓘ | 1,189.71 | 2,075.75 | 2,402.05 | 3,028.38 | 3,157.71 | 2,192.59 | 2,094.12 | 1,494.97 | 1,337.79 | 1,332.45 |
| Total Assets ⓘ | 8,211.76 | 9,251.29 | 9,680.49 | 12,225.13 | 13,945.77 | 14,031.42 | 12,961.50 | 12,920.47 | 12,009.44 | 10,351.33 |
| PARTICULARS | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -650.59 | -1,270.88 | 957.02 | -239.70 | -161.17 | 583.94 | -124.35 | -432.69 | 542.54 | 258.29 |
| PBT ⓘ | 494.78 | 412.69 | 10.72 | 85.91 | 30.13 | 12.01 | -612.51 | -1,495.29 | -899.16 | -881.71 |
| Adjustment ⓘ | 324.66 | 208.56 | 284.69 | 375.40 | 635.25 | 807.40 | 408.15 | 1,169.71 | 1,192.09 | 1,309.22 |
| Changes in Working Capital ⓘ | -1361.22 | -1779.23 | 813.2 | -631.37 | -762.74 | -184.7 | -26.9 | -173.76 | 83.37 | -148.77 |
| Tax Paid ⓘ | -108.81 | -112.91 | -151.59 | -69.64 | -63.81 | -50.77 | 106.91 | 66.65 | 166.24 | -20.45 |
| Cash Flow From Investing Activity ⓘ | -468.27 | 125.53 | -207.95 | -525 | -68.44 | -56.12 | 1,028.48 | 150.61 | -36.18 | -41.21 |
| Capex | -229.31 | -275.55 | -218.81 | -564.31 | -33.91 | -8.85 | 46.55 | 62.94 | -14.28 | -5.45 |
| Net Investments | 0.14 | 406.62 | 18.94 | -15.11 | -20.68 | -39.05 | 743.20 | 4.83 | -59.63 | -58 |
| Others ⓘ | -239.10 | -5.54 | -8.08 | 54.42 | -13.85 | -8.22 | 238.73 | 82.84 | 37.73 | 22.24 |
| Cash Flow From Financing Activityⓘ | 1,323.11 | 1,010.35 | -547.86 | 486.98 | 147.29 | -432.26 | -846.30 | 391.54 | -469.12 | -313.71 |
| Net Proceeds from Shares ⓘ | 0.51 | 679.41 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 591.17 | 808.50 | -66.87 | -162.63 | -162.65 | 11.84 | -566.46 | 1,026.84 | -24.55 | -219.70 |
| Interest Paid ⓘ | -184.56 | -226.95 | -338.82 | -465.31 | -576.76 | -647.31 | -724.47 | -614.40 | -681.45 | -549.37 |
| Dividend Paid ⓘ | -12.14 | -9.10 | -4.98 | -4.98 | -4.98 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 928.13 | -241.50 | -137.30 | 1,119.90 | 891.68 | 203.21 | 444.63 | -20.90 | 236.88 | 455.36 |
| Net Cash Flow ⓘ | 204.25 | -135 | 201.21 | -277.72 | -82.32 | 95.56 | 57.83 | 109.46 | 37.24 | -96.63 |
| PARTICULARS | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.81 | 11.9 | 0.35 | 1.57 | 0.51 | 0.21 | -14.58 | -58.37 | -77.9 | 175.55 |
| ROCE (%) | 15.95 | 13.34 | 5.9 | 8.44 | 8.33 | 8.71 | 2.83 | -7.2 | -0.24 | 1.41 |
| Asset Turnover Ratio | 1.01 | 0.82 | 0.45 | 0.54 | 0.64 | 0.59 | 0.36 | 0.26 | 0.3 | 0.36 |
| PAT to CFO Conversion(x) | -2.03 | -3.46 | 77.3 | -4.16 | -8.21 | 74.77 | N/A | N/A | N/A | 0.81 | Working Capital Days |
| Receivable Days | 66 | 77 | 118 | 82 | 94 | 117 | 174 | 238 | 218 | 224 |
| Inventory Days | 119 | 166 | 312 | 276 | 230 | 256 | 458 | 675 | 609 | 499 |
| Payable Days | 0 | 0 | 226 | 217 | 234 | 238 | 324 | 492 | 527 | 426 |
Punj Lloyd, incorporated in 1988, provides engineering, procurement, construction (EPC) & project management services. It provides services to oil & gas ,energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.
The company has global presence in the Middle East, the Caspian, the Asia Pacific, Africa, South Asia,
Simon Carves & Sembawang Engineers & Constructors(SEC) are part of the Punj Lloyd Group, which has a combined experience of 150 years.
Its landmark projects include Baku-Tbilisi-Ceyhan pipeline - Georgia and Turkey, 1000 MW Jindal Power Plant - India, Panaran Pemping Gas Pipeline -Indonesia, elevated viaduct-Delhi Metro Rail Corporation - Delhi, among others.
Punj Lloyd has vision to become amongst the top five EPC companies by 2012 in the segment & market they serve.
It has serval projects under execution namely Panvel-Dabhol Pipeline Project-Phase-II - GAIL(India), East West Gas Pipeline Project - Reliance Gas Transportation Infrastructure, Uran-Trombay Gas Pipeline Project - ONGC, Sulphur Block for Bina Refinery Project - Bharat Oman Refinery, ONGC’s offshore Heera Redevelopment Project & many more.
During the year SEC received many projects that are valued more than $1.75 billion. They include Sentosa Resort World Project, Jurong Aromatics Project, MRT Circle Line - C 906, Marina Bay Sands (MBS) Project.
Punj Lloyd has received project from Qatar Petroleum worth $800 million.
Milestones
Punj Lloyd is the only company to have been awarded 5 star rating from British Safety Council for the BTC pipeline.
It is the first company to have completed its section of the Baku-Tbilisi-Ceyhan ( BTC )pipeline, eight months ahead of other contractors.
It is the only contractor globally to have experience of mechanical, civil and insulation work for LNG tanks.
It has completed 11 Refinery Modernisation projects in eight years .
It has worked in extreme temperatures ranging from -50° C to + 50° C.
2010
Opens offices in Hong Kong, Turkmenistan and Thailand
Wins India’s largest solar based EPC project
2011
Opens office in Bahrain and Kenya.
Awarded a contract under the prestigious Jawaharlal Nehru National Solar Mission to develop a 5 MW solar PV plant in Jodhpur, Rajasthan
2012
Punj Lloyd received the 'Best Project' for East West Gas Pipeline at the D&B Bank Infra Awards 2012 in the Oil & Gas category
2013
First Offshore Project in the Middle East
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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