BSE: 526588 | NSE: | Photographic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Photoquip (India) Ltd is a below average quality company.
The key valuation ratios of Photoquip (India) 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 Photoquip (India) 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 % ⓘ | -6.4% | -7.4% | -2% | 2.5% | 2.9% | -2.5% | 0.1% | -3.5% | -10.7% | -4.4% | - |
| Value Creation Index ⓘ | -1.5 | -1.5 | -1.1 | -0.8 | -0.8 | -1.2 | -1.0 | -1.3 | -1.8 | -1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 101 | 60.3 | 47.7 | 42.8 | 38 | 27.4 | 11.4 | 12.4 | 11.6 | 16.2 | 19 |
| Sales YoY Gr. | - | -40.3% | -21% | -10.2% | -11.4% | -27.9% | -58.6% | 9.3% | -6.5% | 39.3% | - |
| Adj EPS ⓘ | -8.5 | -9 | -3.8 | -1.8 | -3 | -6 | -6.5 | -4.9 | -8.6 | -3.8 | -0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 51.2 | 47.6 | 43.4 | 42 | 39.2 | 33.6 | 29 | 24.2 | 15.6 | 12.8 | 13.3 |
| Adj Net Profit ⓘ | -4.1 | -4.3 | -1.8 | -0.9 | -1.5 | -2.9 | -3.1 | -2.4 | -4.1 | -2.3 | 0 |
| Cash Flow from Ops. ⓘ | -0.1 | -3 | 3.1 | 2.4 | 2.7 | 1.8 | -1.1 | 1.9 | 0.7 | -0.4 | - |
| Debt/CF from Ops. ⓘ | -127.8 | -4.5 | 3.7 | 4.4 | 3.8 | 5.6 | -10.8 | 5.3 | 15.9 | -23 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -18.4% | -15.7% | 12.5% | 39.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -14.3% | -20.1% | -23.9% | -17.9% | ||||
| Share Price | -2.6% | 15.7% | 23.8% | 4.1% | ||||
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 % ⓘ | -14.7 | -17.6 | -8.4 | -4.2 | -7.5 | -16.6 | -20.7 | -18.5 | -43.1 | -29.7 | -0.5 |
| Op. Profit Mgn % ⓘ | -2.4 | -5.7 | -0.7 | 2.2 | 3.3 | -2.5 | -25.3 | -3 | -15.2 | -3.2 | 8 |
| Net Profit Mgn % ⓘ | -4 | -7.2 | -3.9 | -2 | -3.9 | -10.6 | -27.4 | -19 | -35.4 | -13.9 | -0.2 |
| Debt to Equity ⓘ | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.8 | 0.9 | 1.4 | 1.2 | 0.7 |
| Working Cap Days ⓘ | 123 | 196 | 230 | 236 | 239 | 300 | 526 | 316 | 249 | 184 | 77 |
| Cash Conv. Cycle ⓘ | 3 | 8 | 2 | -11 | -5 | -1 | 99 | 141 | 135 | 97 | 16 |
Sales growth is growing at healthy rate in last 3 years 12.52%
Sales growth is good in last 4 quarters at 51.56%
Return on Equity is Poor
Debt to equity has increased versus last 3 years average to 1.22
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.1 | - |
| TTM Sales (₹ Cr.) | 18.9 | - |
| BVPS (₹.) ⓘ | 13.3 | - |
| Reserves (₹ Cr.) ⓘ | 2 | - |
| P/BV ⓘ | 1.84 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 17.01 / 36.20 |
| All Time Low / High (₹) | 1.50 / 58.90 |
| Market Cap (₹ Cr.) | 14.7 |
| Equity (₹ Cr.) | 6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 14.5 |
| 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 | 101.14 | 60.34 | 47.67 | 42.83 | 37.96 | 27.39 | 11.35 | 12.41 | 11.61 | 16.17 |
| Operating Expenses ⓘ | 103.63 | 63.79 | 48 | 41.89 | 36.72 | 28.06 | 14.22 | 12.78 | 13.38 | 16.68 |
| Manufacturing Costs | 0.55 | 0.21 | 0.21 | 0.35 | 0.20 | 0.24 | 0.14 | 0.03 | 0.01 | 0.02 |
| Material Costs | 84.33 | 50.80 | 40.14 | 33.29 | 28.10 | 20.29 | 9.72 | 9.87 | 9.84 | 13.46 |
| Employee Cost | 6.42 | 4.55 | 4.46 | 4.29 | 4.26 | 3.55 | 1.14 | 1.09 | 1.27 | 1.16 |
| Other Costs ⓘ | 12.34 | 8.23 | 3.19 | 3.96 | 4.17 | 3.98 | 3.22 | 1.79 | 2.25 | 2.04 |
| Operating Profit ⓘ | -2.49 | -3.45 | -0.34 | 0.94 | 1.24 | -0.67 | -2.87 | -0.37 | -1.77 | -0.51 |
| Operating Profit Margin (%) | -2.5% | -5.7% | -0.7% | 2.2% | 3.3% | -2.5% | -25.3% | -3.0% | -15.2% | -3.2% |
| Other Income ⓘ | 0.38 | 2.11 | 0.36 | 0.64 | 0.33 | 0.92 | 2.45 | 0.25 | 0.32 | 0.33 |
| Interest ⓘ | 2.01 | 1.94 | 1.88 | 1.82 | 1.44 | 1.55 | 1.44 | 1.27 | 1.11 | 0.96 |
| Depreciation ⓘ | 1.87 | 1.91 | 0.70 | 0.73 | 0.72 | 0.94 | 0.81 | 0.69 | 0.68 | 0.58 |
| Exceptional Items ⓘ | 1.58 | 0.53 | 0 | -0.08 | 0 | 0 | 1.26 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -4.42 | -4.66 | -2.55 | -1.06 | -0.60 | -2.24 | -1.41 | -2.09 | -3.24 | -1.73 |
| Tax ⓘ | -1.46 | -1.14 | -0.81 | -0.42 | 0.75 | 0.47 | 0.78 | 0.26 | 0.87 | 0.50 |
| Profit After Tax | -2.96 | -3.52 | -1.74 | -0.64 | -1.34 | -2.71 | -2.19 | -2.34 | -4.10 | -2.23 |
| PAT Margin (%) | -2.9% | -5.8% | -3.7% | -1.5% | -3.5% | -9.9% | -19.3% | -18.9% | -35.3% | -13.8% |
| Adjusted EPS (₹) | -6.2 | -7.3 | -3.6 | -1.3 | -2.8 | -5.7 | -4.6 | -4.9 | -8.6 | -3.7 |
| 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 | 26.37 | 22.85 | 20.83 | 20.17 | 18.83 | 16.13 | 13.94 | 11.59 | 7.49 | 7.69 |
| Share Capital ⓘ | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 6 |
| Reserves ⓘ | 21.57 | 18.05 | 16.02 | 15.37 | 14.03 | 11.33 | 9.14 | 6.79 | 2.69 | 1.69 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 10.90 | 11.35 | 9.61 | 9.96 | 9.56 | 9.98 | 10.88 | 9.57 | 10.10 | 8.76 |
| Long Term Debt | 3.01 | 1.52 | 0.04 | 4.80 | 4.67 | 4.41 | 5.15 | 4.71 | 4.83 | 5.55 |
| Short Term Debt | 7.90 | 9.83 | 9.57 | 5.16 | 4.90 | 5.58 | 5.73 | 4.86 | 5.28 | 3.20 |
| Trade Payables | 12.87 | 10.13 | 12.36 | 9.70 | 9.15 | 9.59 | 1.50 | 1.02 | 0.72 | 4 |
| Others Liabilities ⓘ | 1.33 | -0.02 | -1.44 | -2.77 | -1.63 | -1.09 | -2.13 | -2.21 | -1.40 | -0.85 |
| Total Liabilities ⓘ | 51.48 | 44.31 | 41.36 | 37.05 | 35.91 | 34.61 | 24.19 | 19.97 | 16.91 | 19.59 |
Fixed Assets | ||||||||||
| Gross Block | 21.44 | 18.60 | 18.66 | 19.57 | 19.84 | 22.08 | 20.96 | 21.02 | 20.51 | 20.57 |
| Accumulated Depreciation | 7.20 | 6.95 | 7.64 | 8.30 | 8.69 | 9.63 | 10.32 | 11.02 | 11.17 | 11.75 |
| Net Fixed Assetsⓘ | 14.23 | 11.65 | 11.01 | 11.28 | 11.15 | 12.45 | 10.64 | 10 | 9.34 | 8.82 |
| CWIP ⓘ | 0.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.03 | 0.03 | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 | 0.09 | 0.09 | 0.09 |
| Inventories | 10.16 | 7.26 | 9.59 | 9.12 | 9.01 | 9.53 | 5.90 | 5.22 | 4.21 | 5.48 |
| Trade Receivables | 2.69 | 4.95 | 0.93 | 1.07 | 0.47 | 0.81 | 0.67 | 0.74 | 0.38 | 3.09 |
| Cash Equivalents | 1.67 | 1.28 | 0.04 | 0.13 | 0.48 | 1.31 | 1.15 | 0.38 | 0.84 | 0.80 |
| Others Assetsⓘ | 22.42 | 19.14 | 19.72 | 15.40 | 14.73 | 10.44 | 5.77 | 3.54 | 2.06 | 1.31 |
| Total Assets ⓘ | 51.48 | 44.31 | 41.36 | 37.05 | 35.91 | 34.61 | 24.19 | 19.97 | 16.91 | 19.59 |
| 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 ⓘ | -0.10 | -2.98 | 3.06 | 2.36 | 2.65 | 1.84 | -1.05 | 1.88 | 0.67 | -0.41 |
| PBT ⓘ | -4.42 | -4.66 | -2.55 | -1.06 | -0.60 | -2.24 | -1.41 | -2.09 | -3.24 | -1.73 |
| Adjustment ⓘ | 1.40 | 2.42 | 2.35 | 1.69 | 2.09 | 2.23 | 1.23 | 2.49 | 1.95 | 1.33 |
| Changes in Working Capital ⓘ | 2.96 | -0.69 | 3.89 | 1.75 | 0.99 | 2.24 | -0.86 | 1.44 | 1.95 | -0.01 |
| Tax Paid ⓘ | -0.04 | -0.06 | -0.62 | -0.03 | 0.16 | -0.39 | 0 | 0.04 | 0 | 0.01 |
| Cash Flow From Investing Activity ⓘ | -0.86 | 3.98 | 0.03 | -0.80 | -0.46 | -0.67 | 1.49 | 0.78 | 0.28 | 0.11 |
| Capex | -1.13 | 2.94 | -0.06 | -0.90 | -0.61 | -0.01 | 1.37 | -0.06 | -0.02 | -0.06 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -0.01 | 0.02 | -0.04 | 0 | 0 |
| Others ⓘ | 0.27 | 1.04 | 0.09 | 0.11 | 0.16 | -0.65 | 0.09 | 0.88 | 0.30 | 0.17 |
| Cash Flow From Financing Activityⓘ | -0.12 | -1.51 | -3.61 | -1.48 | -1.84 | -1.31 | -0.67 | -2.69 | -0.50 | 0.24 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.43 |
| Net Proceeds from Borrowing ⓘ | -1.12 | -1.50 | -1.48 | 5.06 | -0.13 | -0.26 | 0.74 | -0.44 | 0.12 | 0.73 |
| Interest Paid ⓘ | -2.01 | -1.94 | -1.88 | -1.82 | -1.44 | -1.44 | -1.41 | -1.26 | -1.10 | -0.96 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3.01 | 1.93 | -0.25 | -4.72 | -0.26 | 0.39 | -0.01 | -1 | 0.49 | -1.95 |
| Net Cash Flow ⓘ | -1.09 | -0.51 | -0.52 | 0.08 | 0.36 | -0.14 | -0.23 | -0.03 | 0.45 | -0.06 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -11.5 | -14.85 | -7.98 | -3.12 | -6.89 | -15.51 | -14.58 | -18.36 | -43 | -29.4 |
| ROCE (%) | -6.37 | -7.37 | -1.96 | 2.45 | 2.86 | -2.5 | 0.11 | -3.49 | -10.73 | -4.38 |
| Asset Turnover Ratio | 1.94 | 1.26 | 1.14 | 1.1 | 1.04 | 0.78 | 0.39 | 0.57 | 0.64 | 0.9 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 12 | 23 | 22 | 8 | 7 | 9 | 23 | 20 | 17 | 39 |
| Inventory Days | 33 | 53 | 63 | 79 | 87 | 124 | 245 | 161 | 145 | 108 |
| Payable Days | 53 | 83 | 102 | 121 | 122 | 169 | 208 | 46 | 32 | 64 |
In the early years, when processing and printing of photographs was done manually, studio lighting was done with tungsten bulbs, which gave very good results. But, with the advent of photo finishing machines, problems arose as photographs started developing casts due to the tungsten lamp. The problem encouraged the founder of the company J. P. Soni to learn quickly the technology for manufacturing studio flash systems. And in 1976, with the singular aim to equip every photographer & studio with state-of-art equipment at most affordable prices, he formed Photoquip - the professional studio system lab. Later in 1984, Photoquip collaborated with Elinchrom - the world’s leading studio flash system manufacturer - with a view to export studio flash systems to Switzerland.
A decade after its formation, Photoquip felt the need to grow at a quicker pace, and the company went public with Photoquip India Ltd. The company's unique position and strength enabled them to get sole distribution rights to the Italian giants Manfrotto, Gitzo (France) for lighting supports, camera tripods/heads and accessories and Nissin (Japan) for flashguns. Photoquip, over the decades, has been understanding and catering to the needs of the photographic fraternity, and has dedicatedly ensured that every photo studio is equipped with the best equipment that meets the most stringent requirements. In 1998, Photoquip realised the customer's need in the market for a good, affordable, easy-to-use and world-class quality cameras, and hence diversified from professional products into the consumer market. Thus KLIK, which was registered by the company decades ago, was re-launched, and it established itself as a popular brand within a very short period. The camera was targeted at families wanting to click away at social gatherings without much fuss. The range launched as the middle class budget camera, became a runaway hit. In 2001, Photoquip launched into a vigorous R&D campaign for unearthing the digital solution for Gretag Masterlabs, considering the huge market potential for a cost effective digital machine. And after four years of untiring research, Photoquip now proudly introduces Digital Combo - a complete digital upgrade for Gretag Masterlab 740. Photoquip intends to continue offering the Indian customer the benefits of all the latest world-class technology, packaged in its quality products, at the most competitive and affordable prices. In future, Photoquip aims to bridge the gap in technology and keep delivering in all sincerity, the photographic fraternity and even the fun loving photo enthusiast, with the best products at the best prices.
Product range of the company includes:
Lights
Accessories
Lab
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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