Is Precot a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Precot Ltd is a average quality company .

Is Precot undervalued or overvalued?

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

What is Precot share price return in the past 10 years?

Data is not available for this company

Is Precot a good buy now?

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

Precot Ltd - Stock Valuation and Financial Performance

Name: Precot
Brand: Precot

BSE: 521184 | NSE: PRECOT | Textile - Spinning | Small Cap

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BSE Share Price
Not Listed

10 Year X-Ray of Precot:

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 ^P

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.1%	0.4%	-3.3%	3.5%	5.3%	4.9%	4.3%	10.8%	23.1%	0.5%	-
Value Creation Index ⓘ	-0.4	-1.0	-1.2	-0.8	-0.6	-0.7	-0.7	-0.2	0.7	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	738	747	684	679	709	790	726	665	993	954	932
Sales YoY Gr.	-	1.2%	-8.5%	-0.6%	4.4%	11.4%	-8.1%	-8.4%	49.3%	-4%	-
Adj EPS ⓘ	21.7	-35.4	-33.6	-30.9	-25.8	-8.5	-13.7	25.6	85.7	-21	34.1
YoY Gr.	-	-263.2%	NA	NA	NA	NA	NA	NA	235.2%	-124.5%	-
BVPS (₹) ⓘ	133.3	112.2	66	271.2	266.7	260.2	239	265.2	350.6	318.6	345.6
Adj Net Profit ⓘ	26	-42.5	-40.3	-37.1	-31	-10.2	-16.5	30.7	103	-25.2	41
Cash Flow from Ops. ⓘ	34.8	91.5	29.1	19.7	10.8	75.5	61.3	26	55.5	49.2	-
Debt/CF from Ops. ⓘ	12.9	4.2	13.7	17.9	35.3	4.7	5	12.6	6.4	7.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.9%	6.1%	9.5%	-4%
Adj EPS ⓘ	-199.7%	NA	NA	-124.5%
BVPSⓘ	10.2%	3.6%	10.1%	-9.1%
Share Price	-	84.2%	22.5%	141.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	17.4	-28.8	-37.7	-18.4	-9.6	-3.2	-5.5	10.2	27.9	-6.3	10.3
Op. Profit Mgn % ⓘ	11.5	3.1	6.1	4.3	4.1	7.4	6.9	14.2	19.1	3.5	9.9
Net Profit Mgn % ⓘ	3.5	-5.7	-5.9	-5.5	-4.4	-1.3	-2.3	4.6	10.4	-2.6	4.4
Debt to Equity ⓘ	2.8	2.9	5	1.1	1.2	1.1	1.1	1	0.9	1	0.3
Working Cap Days ⓘ	132	125	115	119	127	118	123	147	136	169	69
Cash Conv. Cycle ⓘ	95	81	74	88	94	86	88	99	99	123	7

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.99

Return on Equity has declined versus last 3 years average to 10.30%

Sales growth has been subdued in last 3 years 9.52%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 1.64%

Latest Financials - Precot Ltd.

	Standalone	Consolidated
TTM EPS (₹)	34.1	34.1
TTM Sales (₹ Cr.)	932	932
BVPS (₹.) ⓘ	345.6	365.1
Reserves (₹ Cr.) ⓘ	403	426
P/BV ⓘ	1.54	1.46
PE ⓘ	15.61	15.61

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	638
Equity (₹ Cr.)	12
Face Value (₹)	10
Industry PE ⓘ	26.4

Management X-Ray of Precot:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Precot

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Price Chart

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 Precot

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	738	747	684	679	709	790	726	665	993	954
Operating Expenses ⓘ	656	725	654	650	687	731	677	571	803	924
Manufacturing Costs	147	143	149	123	120	135	140	107	154	163
Material Costs	399	467	378	413	446	472	430	359	489	623
Employee Cost	69	76	78	75	72	77	72	74	94	85
Other Costs ⓘ	41	40	48	39	49	47	35	31	67	53
Operating Profit ⓘ	82	22	30	29	22	59	49	94	190	30
Operating Profit Margin (%)	11.1%	2.9%	4.4%	4.3%	3.1%	7.4%	6.8%	14.1%	19.1%	3.1%
Other Income ⓘ	4	2	11	25	5	6	11	6	6	7
Interest ⓘ	33	35	39	44	42	42	40	34	30	38
Depreciation ⓘ	39	37	38	34	33	31	33	33	33	33
Exceptional Items ⓘ	7	15	-19	0	41	0	0	0	0	0
Profit Before Tax ⓘ	21	-32	-56	-24	-6	-8	-13	33	134	-35
Tax ⓘ	-10	0	0	0	0	0	4	0	28	-9
Profit After Tax	30	-33	-56	-24	-6	-8	-17	33	105	-26
PAT Margin (%)	4.1%	-4.4%	-8.1%	-3.5%	-0.8%	-1.0%	-2.3%	5.0%	10.6%	-2.7%
Adjusted EPS (₹)	25.4	-27.2	-46.3	-19.7	-4.8	-6.9	-13.8	27.5	87.9	-21.7
Dividend Payout Ratio (%)	8%	0%	0%	0%	0%	0%	0%	0%	7%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	160	135	79	325	320	312	287	318	421	382
Share Capital ⓘ	12	12	12	12	12	12	12	12	12	12
Reserves ⓘ	148	123	67	313	308	300	275	306	409	370
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	404	340	352	316	378	324	296	274	291	347
Long Term Debt	195	182	159	141	178	147	123	105	82	145
Short Term Debt	209	157	193	174	200	177	173	169	209	202
Trade Payables	22	16	21	22	36	29	45	30	38	63
Others Liabilities ⓘ	108	83	96	124	66	98	80	113	160	85
Total Liabilities ⓘ	694	574	548	787	800	764	708	734	910	877
Fixed Assets
Gross Block	718	722	720	566	575	584	575	581	601	647
Accumulated Depreciation	354	387	407	33	66	97	129	161	192	224
Net Fixed Assetsⓘ	364	335	313	533	509	487	446	420	409	423
CWIP ⓘ	0	1	1	5	1	2	1	3	32	3
Investmentsⓘ	32	18	18	17	17	18	11	11	13	10
Inventories	187	98	128	148	155	133	124	131	241	242
Trade Receivables	43	41	47	49	74	80	89	102	140	119
Cash Equivalents	4	3	3	5	9	8	8	9	11	6
Others Assetsⓘ	64	79	38	32	36	35	28	59	64	74
Total Assets ⓘ	694	574	548	787	800	764	708	734	910	877

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	35	92	29	20	11	75	61	26	56	49
PBT ⓘ	13	-47	-56	-10	-5	-8	-13	33	134	-35
Adjustment ⓘ	68	73	96	42	36	72	64	64	59	67
Changes in Working Capital ⓘ	-41	66	-12	-12	-20	11	10	-71	-117	23
Tax Paid ⓘ	-6	0	1	0	0	0	0	0	-20	-6
Cash Flow From Investing Activity ⓘ	-19	11	-6	69	10	-8	21	-8	-55	-30
Capex	-21	-8	-8	38	9	-11	19	-10	-56	-28
Net Investments	0	12	0	26	-1	0	0	0	0	-3
Others ⓘ	2	8	2	5	3	3	3	2	1	1
Cash Flow From Financing Activityⓘ	-22	-104	-23	-87	-17	-68	-82	-17	1	-23
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-25	-13	-20	-28	12	-5	-44	21	-10	26
Interest Paid ⓘ	-33	-36	-39	-42	-41	-40	-33	-33	-27	-34
Dividend Paid ⓘ	-1	-3	0	0	0	0	0	0	0	-7
Others ⓘ	36	-52	35	-16	13	-23	-5	-4	38	-8
Net Cash Flow ⓘ	-7	-1	0	2	4	-1	0	1	2	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	20.31	-22.15	-51.93	-11.68	-1.79	-2.62	-5.52	10.89	28.53	-6.48
ROCE (%)	9.09	0.38	-3.3	3.49	5.27	4.91	4.33	10.75	23.06	0.45
Asset Turnover Ratio	1.1	1.18	1.22	1.02	0.89	1.01	0.99	0.92	1.21	1.07
PAT to CFO Conversion(x)	1.17	N/A	N/A	N/A	N/A	N/A	N/A	0.79	0.53	N/A
Working Capital Days
Receivable Days	21	21	23	26	32	36	43	53	44	49
Inventory Days	83	69	60	74	78	66	65	70	68	93
Payable Days	15	15	18	19	24	25	32	38	25	30

Precot Ltd Stock News

Precot Ltd FAQs

What is the share price of Precot?

Company share prices are keep on changing according to the market conditions. The closing price of Precot on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Precot?

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 01-Jan-1970 05:30 the market cap of Precot stood at ₹637.7.

What is the P/E ratio of Precot?

The latest P/E ratio of Precot as of 01-Jan-1970 05:30 is 15.61.

What is the P/B ratio of Precot?

The latest P/B ratio of Precot as of 01-Jan-1970 05:30 is 1.54.

What is the 52-week high and low of Precot?

The 52-week high of Precot is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Precot?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Precot is ₹931.7 ( Cr.) .

About Precot Ltd

Established in 1962, Precot has symbolized Quality and Trust in the textile industry. With four decades of spinning experience and a diverse range of products that include cotton yarns, sewing threads, fabrics and garments; Precot is one of the few totally integrated textile players with a total turnover of 90 million US Dollars.

Precot Mills limited was renamed as Precot Meridian Limited with effect from September 28,2006. The company has also adopted a new logo. The name change is in tune with the transformation of the company from a pure spinning mill into an integrated textile player. The company apart from manufacturing cotton yarn and polyester sewing thread has also commenced manufacture of yarn dyed shirting fabrics. It proposed to venture into garment manufacture also in due course.

The group has state of the art infrastructure facilities and skilled personnel to rise up to customer expectations.

The group has been accorded the status of â€˜Export Houseâ€™ by the Cotton Textile Export Promotion Council of India (TEXPROCIL). The countries we export our products to include Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey and U.K. among others.

Meridian Industries Limited has been merged with Precot Mills Limited with effect from 01st April,2006. Meridian Industries Ltd (MIL) which was incorporated in the year 1993 was promoted by Precot Mills Limited and. Around 70% of the shares of MIL were held by the shareholders of Precot. To have larger capacity in a single company, instead of the capacities being spread over in two companies having common shareholders, the merger was proposed.

This has been approved by the High Court of Madras vide its order dated 30th August and 1st September, 2006. As per the scheme of Merger, the shareholders of MIL are entitled for one share of Precot for every two shares of MIL. Accordingly the share certificates of Precot was despatched in Dec,06 to those shareholders who have surrendered the certificates of MIL.

Product range of the company includes:

Combed Cotton yarn