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Raymond Moses: Unleashing the Financial Potential of Billions!
BSE: 532521 | NSE: PALREDTEC | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Palred Technologies Ltd is a below average quality company.
The key valuation ratios of Palred Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Palred Technologies 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 % ⓘ | 3% | -1.2% | -3.9% | 1.1% | -88% | -0.3% | -15.4% | 12.6% | 5.4% | 1.4% | - |
| Value Creation Index ⓘ | -0.8 | -1.1 | -1.3 | -0.9 | -7.3 | -1.0 | -2.1 | -0.1 | -0.6 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2.2 | 0 | 0 | 0 | 0 | 0.9 | 1.5 | 1.5 | 1.5 | 1.5 | 2 |
| Sales YoY Gr. | - | -100% | NA | NA | NA | NA | 64.1% | -0.7% | 0% | 0% | - |
| Adj EPS ⓘ | 1.3 | -1.2 | -3 | 0.7 | -14.6 | -0.1 | -4.5 | 4.1 | 2.3 | 0.7 | 0.9 |
| YoY Gr. | - | -190.2% | NA | NA | -2077% | NA | NA | NA | -45.4% | -67.1% | - |
| BVPS (₹) ⓘ | 45.6 | 71 | 67.4 | 80.2 | 31.2 | 31.1 | 26.6 | 30.8 | 52.9 | 53.6 | 54.4 |
| Adj Net Profit ⓘ | 2.6 | -1 | -2.5 | 0.7 | -14.2 | -0.1 | -4.3 | 4 | 2.8 | 0.9 | 1 |
| Cash Flow from Ops. ⓘ | -3.1 | -2.9 | -1.8 | -1.6 | -1.5 | -1.4 | -0.9 | 0.3 | -1.5 | 0.8 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4% | NA | -0.2% | 0% | ||||
| Adj EPS ⓘ | -6.3% | NA | NA | -67.1% | ||||
| BVPSⓘ | 1.8% | 11.4% | 26.3% | 1.4% | ||||
| Share Price | 7.7% | 35.4% | -12.7% | -36.6% | ||||
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 % ⓘ | 3 | -1.3 | -4.4 | 1.1 | -26.3 | -0.3 | -15.5 | 12.6 | 5.4 | 1.4 | 1.6 |
| Op. Profit Mgn % ⓘ | -150.2 | 0 | 0 | 0 | 0 | -109.2 | -19.9 | -34.3 | -7.1 | -0.5 | -0.5 |
| Net Profit Mgn % ⓘ | 119.8 | 0 | 0 | 0 | 0 | -9.6 | -287.3 | 267.2 | 183.7 | 60.2 | 70.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 3,601 | 0 | 0 | 0 | 0 | 1,151 | 867 | 819 | 870 | 962 | 6,135 |
| Cash Conv. Cycle ⓘ | 17 | 0 | 0 | 0 | 0 | 64 | 40 | 1 | 0 | 0 | 6,031 |
No data to display
Return on Equity has declined versus last 3 years average to 1.60%
Sales growth has been subdued in last 3 years -0.22%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | -3.3 |
| TTM Sales (₹ Cr.) | 1.5 | 102 |
| BVPS (₹.) ⓘ | 54.4 | 44.4 |
| Reserves (₹ Cr.) ⓘ | 54 | 42 |
| P/BV ⓘ | 1.82 | 2.23 |
| PE ⓘ | 113.83 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 84.55 / 229.30 |
| All Time Low / High (₹) | 9.50 / 352.15 |
| Market Cap (₹ Cr.) | 121 |
| Equity (₹ Cr.) | 12.2 |
| Face Value (₹) | 10 |
| 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 |
| Operating Expenses ⓘ | 5 | 3 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Manufacturing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit ⓘ | -3 | -3 | -2 | -1 | -1 | -1 | 0 | -1 | 0 | 0 |
| Operating Profit Margin (%) | -150.0% | - | - | - | - | -109.0% | -19.9% | -34.3% | -7.1% | -0.5% |
| Other Income ⓘ | 6 | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 3 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | -1 | 0 | -48 | 0 | -5 | 4 | 1 | -2 |
| Profit Before Tax ⓘ | 3 | -1 | -2 | 1 | -48 | 0 | -4 | 4 | 3 | 1 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 3 | -1 | -3 | 1 | -48 | 0 | -4 | 4 | 3 | 1 |
| PAT Margin (%) | 119.8% | - | - | - | - | -9.6% | -287.0% | 267.2% | 183.7% | 60.2% |
| Adjusted EPS (₹) | 1.3 | -1.2 | -3.6 | 0.7 | -49.0 | -0.1 | -4.5 | 4.1 | 2.3 | 0.7 |
| 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 | 89 | 58 | 55 | 78 | 30 | 30 | 26 | 30 | 65 | 66 |
| Share Capital ⓘ | 20 | 8 | 8 | 10 | 10 | 10 | 10 | 10 | 12 | 12 |
| Reserves ⓘ | 69 | 50 | 47 | 68 | 21 | 21 | 16 | 20 | 52 | 53 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others Liabilities ⓘ | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 9 | 1 | 1 |
| Total Liabilities ⓘ | 90 | 59 | 56 | 78 | 31 | 31 | 27 | 39 | 66 | 67 |
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Accumulated Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net Fixed Assetsⓘ | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 85 | 54 | 54 | 53 | 9 | 13 | 8 | 12 | 13 | 11 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash Equivalents  ⓘ
| 0 | 0 | 0 | 23 | 19 | 15 | 15 | 24 | 48 | 52 |
| Others Assetsⓘ | 4 | 4 | 1 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
| Total Assets ⓘ | 90 | 59 | 56 | 78 | 31 | 31 | 27 | 39 | 66 | 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 ⓘ | -3 | -3 | -2 | -2 | -2 | -1 | -1 | 0 | -2 | 1 |
| PBT ⓘ | 3 | -1 | -2 | 1 | -48 | 0 | -4 | 4 | 3 | 1 |
| Adjustment ⓘ | -6 | -2 | 0 | -2 | 46 | -1 | 4 | -5 | -3 | -1 |
| Changes in Working Capital ⓘ | -0 | -0 | 1 | -0 | -0 | -0 | -0 | 1 | -1 | 1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 3 | 32 | 2 | -20 | 2 | 1 | 1 | -8 | -22 | -1 |
| Capex | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | 11 | 65 | -14 | -9 | 10 | 4 | 0 | -9 | -24 | -4 |
| Others ⓘ | -8 | -33 | 16 | -12 | -8 | -3 | 1 | 1 | 2 | 3 |
| Cash Flow From Financing Activityⓘ | 0 | -30 | 0 | 22 | 0 | 0 | 0 | 8 | 24 | 0 |
| Net Proceeds from Shares ⓘ | 0 | -30 | 0 | 22 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 24 | 0 |
| Net Cash Flow ⓘ | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.96 | -1.34 | -5.22 | 1.08 | -87.96 | -0.29 | -15.45 | 14.36 | 5.82 | 1.39 |
| ROCE (%) | 2.96 | -1.19 | -3.91 | 1.08 | -87.96 | -0.26 | -15.44 | 12.6 | 5.41 | 1.41 |
| Asset Turnover Ratio | 0.02 | 0 | 0 | 0 | 0 | 0.03 | 0.05 | 0.05 | 0.03 | 0.02 |
| PAT to CFO Conversion(x) | -1 | N/A | N/A | -2 | N/A | N/A | N/A | 0 | -0.67 | 1 | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 127 | 40 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Palred Technologies Limited (formerly Four Soft Limited) was founded in 1999, by Srikanth Palem, a graduate from Stanford University. The name of the company has been changed to Palred Technologies Limited from Four Soft Limited in 2014.
Currently, the company has three subsidiaries, Palred Electronics Private Limited (formerly known as Palred Online Technologies Private Limited), Palred Technology Services Private Limited and Palred Retail Private limited.
Palred Group aims to become a market leader in various products of Consumer Electronics business in India. It aims to achieve this unique position by combination of factors like: (i) Creation of Innovative Products that are geared towards customer needs and that can be produced economically; (ii) Focus on enhancing customer benefit in terms of products and services as well as on close consumer contact; (iii) Proactive identification of future needs and technical applications; (iv) High value addition through combination of technology, systems & processes; (v) Simplification of a complex business involving continuously changing products and thousands of stock keeping units (SKU)/items; (vi) End-to-end integration and implementation of Systems, Processes and Automation for eficient and scalable operations; (vii) High quality Products backed by warranty; and (viii) Steady and continuous development of brand (PTron).
Started in 2014, PTron was conceptualized as an electronic and mobile accessories brand owned by Palred Electronics Private Limited, which is a subsidiary of Palred Technologies Ltd, a public-listed company on BSE and NSE since 2004.
PTron offers a bouquet of mobile accessories products to meet the needs of its consumers. PTron offers products like Bluetooth headsets, portable Bluetooth speakers, wired headsets, chargers and cables, smart watches, networking products and many more. PTron’s strength lies in its wide range of products whose quality is backed by warranty but offers them at competitive prices in the branded accessories category for the mid-market.
Business area of the company
The company is engaged in the business of E commerce. Moreover, the Group is primarily engaged into trading in mobiles, electronic products, fashion accessories and providing related services.
Subsidiaries
Palred Electronics Private Limited (PEP): Palred Electronics Pvt Ltd (PEP) owns Consumer Electronics brand, pTron. Bridging the gap between technology & people, pTron is committed to being a trendsetter in budget segment lifestyle gadgets to meet the growing needs of new-age consumers. With cutting-edge technologies & best in class features, pTron is known to offer mobile & digital lifestyle products that are engineering feats in the given price segment. pTron has emerged as a leading maker of wireless audio & digital lifestyle accessories.
Palred Technology Services Private Limited (PTS): PTS offers a bouquet of Products through its brand “Xmate” that is exclusively available on Amazon.in. Xmate Sells products like Bluetooth headsets, Bluetooth speakers, wired headsets, chargers and cables, Computer Accessories, Cameras & Camera Accessories etc. The brand faced many challenges during last few years because of high advertisement costs and competition from other big brands. The Ccmpany was not able to achieve desired growth and it continues to make losses. Hence, the Company has decided to exit “Xmate” brand business.
Palred Retail Private Limited (PRP): Palred Retail Private Limited owns ecommerce website, ptron. in and www.LatestOne.com that specialize in selling of tech and mobile accessories such as Bluetooth speakers and headsets, cables, power banks, headsets, smart watches, fashion accessories etc.
History & Milestones
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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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