BSE: 543637 | NSE: | e-Commerce | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pace E-Commerce Ventures Ltd is a below average quality company.
The key valuation ratios of Pace E-Commerce Ventures 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 Weak which suggest that the price of Pace E-Commerce Ventures 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.8% | 2.3% | 3.4% | 2.7% | 5.4% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -0.8 | -0.8 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 1.5 | 1.7 | 10.5 | 28.4 | 42.8 | 43 |
| Sales YoY Gr. | - | 14.1% | 517.7% | 170.2% | 50.9% | - |
| Adj EPS ⓘ | 3.4 | 0 | 0.3 | 0.3 | 1.1 | 1.1 |
| YoY Gr. | - | -98.8% | 650% | -6.7% | 278.6% | - |
| BVPS (₹) ⓘ | 72.4 | 14.2 | 14.5 | 31.3 | 32.4 | 32.4 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.5 | 0.6 | 2.4 | 2 |
| Cash Flow from Ops. ⓘ | 0 | -2.8 | -2.3 | -41.4 | 2.4 | - |
| Debt/CF from Ops. ⓘ | -2023.2 | -0.4 | -1.6 | -0.1 | 1.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 193.1% | 50.9% | ||||
| Adj EPS ⓘ | NA | NA | 198.1% | 278.6% | ||||
| BVPSⓘ | NA | NA | 31.7% | 3.4% | ||||
| Share Price | - | - | - | 25.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.7 | 0.6 | 2.1 | 1.3 | 3.3 | 3.3 |
| Op. Profit Mgn % ⓘ | 4.1 | 18.4 | 8.8 | 4.9 | 7.7 | NAN |
| Net Profit Mgn % ⓘ | 0.2 | 4.2 | 5.2 | 2.2 | 5.6 | 5.6 |
| Debt to Equity ⓘ | 16.8 | 0 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 707 | 259 | 394 | 461 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 176 | 62 | 78 | 69 | 0 |
Return on Equity has increased versus last 3 years average to 3.30%
Sales growth is growing at healthy rate in last 3 years 193.11%
Net Profit is growing at healthy rate in last 3 years 198.14%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.1 | - |
| TTM Sales (₹ Cr.) | 42.8 | - |
| BVPS (₹.) ⓘ | 32.4 | - |
| Reserves (₹ Cr.) ⓘ | 50 | - |
| P/BV ⓘ | 1.03 | - |
| PE ⓘ | 31.27 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 15.80 / 44.45 |
| All Time Low / High (₹) | 15.80 / 120.90 |
| Market Cap (₹ Cr.) | 74.8 |
| Equity (₹ Cr.) | 22.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 146.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.04 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 1.49 | 1.70 | 10.50 | 28.37 | 42.81 |
| Operating Expenses ⓘ | 1.43 | 1.39 | 9.57 | 26.99 | 39.51 |
| Manufacturing Costs | 0.42 | 0.40 | 0.39 | 0.32 | 0.23 |
| Material Costs | 0.83 | 0.83 | 8.44 | 25.85 | 37.42 |
| Employee Cost | 0.04 | 0.03 | 0.16 | 0.12 | 0.68 |
| Other Costs ⓘ | 0.14 | 0.12 | 0.58 | 0.70 | 1.17 |
| Operating Profit ⓘ | 0.06 | 0.31 | 0.93 | 1.38 | 3.30 |
| Operating Profit Margin (%) | 4.1% | 18.4% | 8.8% | 4.9% | 7.7% |
| Other Income ⓘ | 0.01 | 0.02 | 0.05 | 0.03 | 1.17 |
| Interest ⓘ | 0.06 | 0.23 | 0.22 | 0.63 | 0.78 |
| Depreciation ⓘ | 0.01 | 0.01 | 0.02 | 0.02 | 0.40 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0.10 | 0.73 | 0.76 | 3.29 |
| Tax ⓘ | 0 | 0.03 | 0.19 | 0.14 | 0.89 |
| Profit After Tax | 0 | 0.07 | 0.54 | 0.62 | 2.39 |
| PAT Margin (%) | 0.2% | 4.2% | 5.2% | 2.2% | 5.6% |
| Adjusted EPS (₹) | 3.4 | 0.0 | 0.3 | 0.3 | 1.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.07 | 25.95 | 26.49 | 70.53 | 72.92 | |||||
| Share Capital ⓘ | 0.01 | 18.32 | 18.32 | 22.53 | 22.53 | |||||
| Reserves ⓘ | 0.06 | 7.63 | 8.18 | 47.99 | 50.39 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 1.21 | 0.64 | 3.14 | 2.59 | 3.30 | |||||
| Long Term Debt | 1.21 | 0.64 | 3.14 | 1.91 | 2.79 | |||||
| Short Term Debt | 0 | 0 | 0 | 0.68 | 0.50 | |||||
| Trade Payables | 0.27 | 0.74 | 1.94 | 0.50 | 4.31 | |||||
| Others Liabilities ⓘ | 0.02 | 0.52 | 0.84 | 1.40 | 3.05 | |||||
| Total Liabilities ⓘ | 1.58 | 27.86 | 32.41 | 75.01 | 83.57 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0.08 | 22.60 | 22.63 | 22.81 | 26.81 | |||||
| Accumulated Depreciation | 0.06 | 0.06 | 0.08 | 0.10 | 0.50 | |||||
| Net Fixed Assetsⓘ | 0.03 | 22.54 | 22.55 | 22.71 | 26.30 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0.17 | 0.26 | |||||
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0 | 0 | |||||
| Inventories | 0.54 | 1.10 | 1.92 | 1.56 | 9.36 | |||||
| Trade Receivables | 0.37 | 0.54 | 2.81 | 8.46 | 1.08 | |||||
| Cash Equivalents | 0.11 | 0.14 | 0.14 | 0.64 | 0.35 | |||||
| Others Assetsⓘ | 0.52 | 3.52 | 4.98 | 41.49 | 46.22 | |||||
| Total Assets ⓘ | 1.58 | 27.86 | 32.41 | 75.01 | 83.57 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -2.82 | -2.29 | -41.38 | 2.41 |
| PBT ⓘ | 0 | 0.10 | 0.73 | 0.76 | 3.29 |
| Adjustment ⓘ | 0.06 | 0.21 | 0.20 | 0.48 | -0.11 |
| Changes in Working Capital ⓘ | -0.06 | -3.13 | -3.03 | -42.49 | 0.11 |
| Tax Paid ⓘ | -0.01 | 0 | -0.20 | -0.14 | -0.87 |
| Cash Flow From Investing Activity ⓘ | 0.03 | -22.52 | -0.03 | -0.35 | -4.08 |
| Capex | 0.03 | -22.52 | -0.03 | -0.35 | -4.08 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.02 | 25.37 | 2.31 | 42.23 | 1.39 |
| Net Proceeds from Shares ⓘ | 0 | 25.81 | 0 | 43.41 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.07 | -0.57 | 2.18 | 0 | 0 |
| Interest Paid ⓘ | -0.05 | -0.20 | -0.18 | -0.46 | -0.66 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.33 | 0.32 | -0.72 | 2.05 |
| Net Cash Flow ⓘ | 0.05 | 0.03 | 0 | 0.50 | -0.28 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.7 | 0.55 | 2.06 | 1.28 | 3.34 | |||||
| ROCE (%) | 4.82 | 2.29 | 3.35 | 2.68 | 5.37 | |||||
| Asset Turnover Ratio | 0.95 | 0.12 | 0.35 | 0.53 | 0.54 | |||||
| PAT to CFO Conversion(x) | N/A | -40.29 | -4.24 | -66.74 | 1.01 | Working Capital Days | ||||
| Receivable Days | 91 | 97 | 58 | 73 | 41 | |||||
| Inventory Days | 132 | 176 | 53 | 22 | 47 | |||||
| Payable Days | 117 | 221 | 58 | 17 | 23 | |||||
The company was originally incorporated as “Pace Sports and Entertainment Private Limited” as Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated August 05,2015 bearing Corporate Identification Number issued by the Assistant Registrar of Companies, Pune. Subsequently, the name of the Company was changed to “Pace E-Commerce Ventures Private Limited” and a fresh certificate of incorporation was issued by Registrar of Companies, Pune on July 25, 2022. After that, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on August 03, 2022 and consequently the name of the Company was changed to “Pace E-Commerce Ventures Limited” and a fresh certificate of incorporation was issued by the Registrar of Companies, Pune dated August 08, 2022.
The company started in August 2015 as a business that would give the kids/young consumers and sports enthusiasts in India access to International Football Clubs Merchandise and International Sports Brands apparels and Sports Goods. It started with imports and distribution of branded international sports apparels and extended to various branded merchandise and accessories. Thereafter it acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry. This helped it in reaching a larger distribution area and a wider population. This wider assortment of products and customer base helped it gain valuable insights and obtain information and data as to what today‘s customer really want. It has spent time for developing on these valuable information and data points from its customers including but not limited to, Kids, Teenagers, Young Adults and Young Parents. It arrived at a clear conclusion - The demand is very swiftly moving to customized, personalized products.
Thereafter, the company established its own e-commerce portal, www.cotandcandy.com offering a large range of products across different categories. It also started catering to number of request for on demand printing and manufacturing of products for both B2C and B2B Customers. Later, the portal expanded product categories to kids sports, kids fashion, kids furniture and home textiles. It currently have exclusive manufacturing and distribution rights for world renowned kids character entertainment brands and products in its portfolio including Licenses of Internationally reputed Kids brand. Besides these it has also developed good collection of Home Textiles and gifting products under its own private labels. In this journey, it has gradually transformed from an importer, licensee and distributor to an online digital retail and providing an online platform to manufacturing Company for unique and personalized products. At present company operates across all cities in India through the online channels and most major cities through offline distribution of products.
Business area of the company
The company offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Decor and Accessories, Kids Bedding, Baby Bedding, Baby & Kids Essentials, Dinning Essentials & Homeware, Sports Ride Ons & Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.
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