Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prashant India Ltd is a below average quality company.
The key valuation ratios of Prashant 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 Prashant 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 % ⓘ | -2.8% | -21.9% | 3.7% | -5% | 57.2% | 5.2% | 0.1% | -6.8% | -11.7% | -20.2% | - |
| Value Creation Index ⓘ | NA | NA | -0.7 | NA | 3.1 | -0.6 | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.4 | 0.4 | 1.3 | 1.5 | 1.1 | 1.6 | 0.8 | 1 | 1 | 0.3 | 0 |
| Sales YoY Gr. | - | 17.1% | 214.6% | 14% | -28.6% | 50.5% | -48.7% | 28.4% | -4.8% | -69.7% | - |
| Adj EPS ⓘ | -1.3 | -1.2 | 0.1 | -0.2 | 1.1 | 0.3 | -0.3 | -0.4 | -0.5 | -0.8 | -0.6 |
| YoY Gr. | - | NA | NA | -281.8% | NA | -75.4% | -207.1% | NA | NA | NA | - |
| BVPS (₹) ⓘ | -78 | -79 | -78.8 | -79.1 | -76.4 | -76.2 | -76.2 | -76.5 | -77.1 | -77.9 | -78.1 |
| Adj Net Profit ⓘ | -0.6 | -0.5 | 0.1 | -0.1 | 0.5 | 0.1 | -0.1 | -0.2 | -0.2 | -0.3 | 0 |
| Cash Flow from Ops. ⓘ | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0.2 | -0.2 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 2879.6 | 397.9 | -1335.8 | 2903.4 | 1009 | -1470.2 | -1761.7 | 222.3 | -168.6 | -184 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1.7% | -22.2% | -28.2% | -69.7% | ||||
| Adj EPS ⓘ | NA | -193.2% | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | 57.9% | 81.6% | -9.5% | ||||
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 % ⓘ | 1.7 | 1.5 | -0.1 | 0.3 | -1.5 | -0.4 | 0.4 | 0.5 | 0.6 | 1 | 0.7 |
| Op. Profit Mgn % ⓘ | -104.7 | -117.2 | 14.9 | -9.2 | -31.8 | 4.5 | -24.9 | -9.3 | -12.6 | -126.8 | -34.6 |
| Net Profit Mgn % ⓘ | -159 | -121.3 | 3.8 | -5.9 | 45.9 | 7.5 | -15.7 | -14.7 | -19.2 | -113.1 | -129.6 |
| Debt to Equity ⓘ | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | - |
| Working Cap Days ⓘ | 904 | 543 | 171 | 196 | 214 | 122 | 292 | 179 | 139 | 407 | 211 |
| Cash Conv. Cycle ⓘ | 175 | 4 | 33 | 63 | 77 | 43 | 133 | 53 | 16 | 100 | -41,171 |
Return on Equity has increased versus last 3 years average to 0.70%
Sales growth has been subdued in last 3 years -28.19%
Sales growth is not so good in last 4 quarters at -53.05%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.6 | - |
| TTM Sales (₹ Cr.) | 0.2 | - |
| BVPS (₹.) ⓘ | -78.1 | - |
| Reserves (₹ Cr.) ⓘ | -37 | - |
| P/BV ⓘ | -0.15 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.95 / 16.05 |
| All Time Low / High (₹) | 0.75 / 120.00 |
| Market Cap (₹ Cr.) | 5.1 |
| Equity (₹ Cr.) | 4.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.2 |
| 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 | 0.35 | 0.41 | 1.29 | 1.47 | 1.05 | 1.58 | 0.81 | 1.04 | 0.99 | 0.30 |
| Operating Expenses ⓘ | 0.71 | 0.89 | 1.10 | 1.61 | 1.39 | 1.51 | 1.01 | 1.14 | 1.11 | 0.68 |
| Manufacturing Costs | 0.31 | 0.21 | 0.70 | 0.86 | 0.73 | 0.92 | 0.56 | 0.66 | 0.62 | 0.22 |
| Material Costs | 0 | 0.06 | 0 | 0.02 | 0.03 | 0.04 | 0 | 0.01 | 0.01 | 0.04 |
| Employee Cost | 0.09 | 0.10 | 0.20 | 0.50 | 0.42 | 0.37 | 0.24 | 0.26 | 0.25 | 0.21 |
| Other Costs ⓘ | 0.32 | 0.50 | 0.19 | 0.24 | 0.21 | 0.18 | 0.21 | 0.21 | 0.24 | 0.21 |
| Operating Profit ⓘ | -0.37 | -0.48 | 0.19 | -0.13 | -0.34 | 0.07 | -0.20 | -0.10 | -0.12 | -0.38 |
| Operating Profit Margin (%) | -104.0% | -117.0% | 14.9% | -9.2% | -31.8% | 4.5% | -24.9% | -9.3% | -12.6% | -126.0% |
| Other Income ⓘ | 0.06 | 0.17 | 0.10 | 0.15 | 1.99 | 0.15 | 0.12 | 0.05 | 0.05 | 0.13 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0.46 | 0.10 | 0.23 | 0.10 | 0.55 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 |
| Exceptional Items ⓘ | 0.71 | 0 | 0 | 0 | 0 | 0 | 0.18 | -0.01 | -0.08 | -0.03 |
| Profit Before Tax ⓘ | -0.06 | -0.42 | 0.06 | -0.09 | 1.11 | 0.12 | 0 | -0.16 | -0.24 | -0.36 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0.06 | -0.42 | 0.06 | -0.09 | 1.11 | 0.12 | 0 | -0.16 | -0.24 | -0.36 |
| PAT Margin (%) | -17.2% | -102.0% | 4.6% | -5.9% | 105.2% | 7.5% | 0.0% | -15.1% | -24.7% | -119.0% |
| Adjusted EPS (₹) | -0.1 | -1.0 | 0.1 | -0.2 | 2.6 | 0.3 | 0.0 | -0.4 | -0.6 | -0.9 |
| 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 | -33.04 | -33.45 | -33.39 | -33.48 | -32.37 | -32.25 | -32.25 | -32.41 | -32.65 | -33.01 |
| Share Capital ⓘ | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 | 4.24 |
| Reserves ⓘ | -37.27 | -37.69 | -37.63 | -37.72 | -36.61 | -36.49 | -36.49 | -36.65 | -36.89 | -37.25 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 35.13 | 35.13 | 35.13 | 35.13 | 34.61 | 34.61 | 34.61 | 34.61 | 34.61 | 34.61 |
| Long Term Debt | 29.01 | 29.01 | 29.01 | 29.01 | 28.66 | 28.66 | 0 | 0 | 0 | 0 |
| Short Term Debt | 6.12 | 6.12 | 6.12 | 6.12 | 5.95 | 5.95 | 34.61 | 34.61 | 34.61 | 34.61 |
| Trade Payables | 0.19 | 0.10 | 0.15 | 0.21 | 0.05 | 0.07 | 0.11 | 0.08 | 0.06 | 0.01 |
| Others Liabilities ⓘ | 1.05 | 1.35 | 1.24 | 1.29 | 0.26 | 0.27 | 0.07 | 0.07 | 0.04 | 0.13 |
| Total Liabilities ⓘ | 3.33 | 3.12 | 3.13 | 3.14 | 2.55 | 2.69 | 2.54 | 2.34 | 2.05 | 1.74 |
Fixed Assets | ||||||||||
| Gross Block | 20.83 | 20.59 | 19.88 | 19.90 | 17.99 | 17.99 | 17.99 | 17.69 | 12.71 | 12.71 |
| Accumulated Depreciation | 18.29 | 18 | 17.57 | 17.66 | 15.89 | 15.99 | 16.09 | 15.90 | 11.25 | 11.34 |
| Net Fixed Assetsⓘ | 2.54 | 2.59 | 2.32 | 2.24 | 2.10 | 2 | 1.90 | 1.79 | 1.46 | 1.37 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 0.01 | 0 | 0 | 0.05 | 0.05 | 0.02 | 0.02 | 0.03 | 0.02 | 0 |
| Trade Receivables | 0.10 | 0.12 | 0.38 | 0.42 | 0.09 | 0.36 | 0.34 | 0.08 | 0.09 | 0.10 |
| Cash Equivalents | 0.05 | 0.06 | 0.08 | 0.06 | 0.06 | 0.03 | 0.01 | 0.16 | 0.24 | 0.05 |
| Others Assetsⓘ | 0.64 | 0.35 | 0.35 | 0.37 | 0.26 | 0.29 | 0.26 | 0.29 | 0.25 | 0.21 |
| Total Assets ⓘ | 3.33 | 3.12 | 3.13 | 3.14 | 2.55 | 2.69 | 2.54 | 2.34 | 2.05 | 1.74 |
| 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 ⓘ | 0.01 | 0.09 | -0.03 | 0.01 | 0.03 | -0.02 | -0.02 | 0.16 | -0.21 | -0.19 |
| PBT ⓘ | -0.06 | -0.42 | 0.06 | -0.09 | 1.11 | 0.12 | 0 | -0.16 | -0.24 | -0.22 |
| Adjustment ⓘ | -0.26 | 0.03 | 0.22 | 0.10 | -0.34 | 0.10 | 0.10 | 0.10 | 0.09 | -0.05 |
| Changes in Working Capital ⓘ | 0.34 | 0.48 | -0.3 | 0 | -0.73 | -0.24 | -0.12 | 0.22 | -0.05 | 0.09 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.02 | -0.07 | 0.05 | -0.02 | 0.49 | 0 | 0 | -0.01 | 0.29 | 0 |
| Capex | 0.02 | -0.07 | 0.05 | -0.02 | 0.49 | 0 | 0 | 0.01 | 0.24 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.02 | 0.04 | 0 |
| Cash Flow From Financing Activityⓘ | -0.03 | 0 | -0.02 | -0.01 | -0.53 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | -0.35 | 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 ⓘ | -0.03 | 0 | -0.02 | -0.01 | -0.18 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0.02 | 0.01 | -0.01 | -0.01 | -0.02 | -0.02 | 0.15 | 0.08 | -0.19 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.1 | 0.13 | 0.41 | 0.47 | 0.37 | 0.6 | 0.31 | 0.43 | 0.45 | 0.16 |
| PAT to CFO Conversion(x) | N/A | N/A | -0.5 | N/A | 0.03 | -0.17 | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 230 | 99 | 71 | 99 | 88 | 52 | 158 | 75 | 32 | 114 |
| Inventory Days | 6 | 0 | 0 | 12 | 16 | 7 | 9 | 8 | 8 | 0 |
| Payable Days | 0 | 814 | 0 | 4,164 | 1,622 | 613 | 9,020 | 4,327 | 4,698 | 339 |
M/s. Prashant India Limited (PIL) was originally incorporated on November 23, 1983 as a private limited company under the name of M/s. Prashant Protiens Pvt. Ltd. with the Registrar of Companies, Gujarat and had obtained certificate of commencement on the same day. The company was subsequently converted into public limited company under the name of M/s. Prashant Proteins Ltd. by passing a special resolution under the Companies Act, 1956.
M/.s Prashant Proteins Ltd. as a public limited company came out with a public issue had received overwhelming response from investors. Thereafter, the company has further changed its name to M/s. Prashant India Ltd. in 1995.
M/s Prashant India Ltd. has been promoted by Shri Prabhudas M. Gondalia, a businessman & entrepreneur. The registered office of the company is at Block no.456, N.H.8, Village, Palsana, Dist. Surat, Gujarat.
The main object of the company is to carry on the business as manufacturers, sellers and exporters of Agro Products, Textiles, Wind Power Generation, etc. The company commenced commercial production in March, 1984.
The company set up Agro unit at Bhavnagar, Gujarat in the year 1984 with manufacturing facility including oil mill, solvent extraction plant and oil refinery. The company set up Textile unit at Village- Palasana, Dist. Surat, Gujarat in the year 1994 with manufacturing facility of sizing, texturising and twisting of yarn with annual production capacity of 1650 MT, 2010 MT and 210 MT respectively. The Company's Wind Farm unit is located at Village - Dhank, Dist. Rajkot, Gujarat in the year 1995.
Business area of the company
The company is engaged in Textile and Wind Power Generation.
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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