Precision Electronics Ltd

₹ 160 1.65%

21 May 3:00 p.m.

About

Incorporated in May 1979, Precision Electronics Ltd is a telecom infrastructure enabler with interest in infrastructure development, system integration, and manufacture and supply of high-end telecom equipment

Key Points

Business Overview:^[1]^[2]
Company designs and manufactures telecom transmission systems, military communication systems, electronic warfare systems and C4I2SR systems. Company has restructured its business segments from erstwhile Electronics & Telecom and Infra Services to Masts & Pedestals, Electro-Mechanical Manufacturing, ICT Solutions and Engineering Services

Website BSE

Market Cap ₹ 221 Cr.
Current Price ₹ 160
High / Low ₹ 181 / 31.0
Stock P/E 152
Book Value ₹ 10.8
Dividend Yield 0.00 %
ROCE 9.87 %
ROE 10.3 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 14.9 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 10.3% over past five years.
Company has a low return on equity of -3.62% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	10.09	3.29	7.31	15.28	9.51	9.75	8.85	7.27	9.71	6.59	9.93	17.04	13.78
	10.58	5.70	8.28	13.45	9.57	9.18	8.10	8.82	8.73	7.04	10.51	14.83	11.48
Operating Profit	-0.49	-2.41	-0.97	1.83	-0.06	0.57	0.75	-1.55	0.98	-0.45	-0.58	2.21	2.30
OPM %	-4.86%	-73.25%	-13.27%	11.98%	-0.63%	5.85%	8.47%	-21.32%	10.09%	-6.83%	-5.84%	12.97%	16.69%
	0.06	0.17	2.55	0.18	0.46	0.21	2.40	0.16	0.06	0.01	0.10	0.07	0.12
Interest	0.48	0.58	0.72	0.75	0.71	0.57	0.52	0.54	0.53	0.55	0.53	0.59	0.49
Depreciation	0.19	0.19	0.19	0.19	0.16	0.17	0.12	0.11	0.10	0.09	0.09	0.09	0.22
Profit before tax	-1.10	-3.01	0.67	1.07	-0.47	0.04	2.51	-2.04	0.41	-1.08	-1.10	1.60	1.71
Tax %	41.82%	-1.00%	-22.39%	4.67%	0.00%	-150.00%	55.78%	25.00%	21.95%	27.78%	21.82%	3.12%	8.77%
	-0.64	-3.04	0.82	1.02	-0.47	0.10	1.11	-1.53	0.32	-0.78	-0.86	1.55	1.56
EPS in Rs	-0.46	-2.20	0.59	0.74	-0.34	0.07	0.80	-1.10	0.23	-0.56	-0.62	1.12	1.13
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Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	20.28	13.26	27.56	25.77	24.09	34.36	28.95	37.24	41.53	35.39	35.58	47.34
	16.55	15.66	25.19	26.28	21.67	34.23	31.36	34.08	39.12	37.02	34.84	43.87
Operating Profit	3.73	-2.40	2.37	-0.51	2.42	0.13	-2.41	3.16	2.41	-1.63	0.74	3.47
OPM %	18.39%	-18.10%	8.60%	-1.98%	10.05%	0.38%	-8.32%	8.49%	5.80%	-4.61%	2.08%	7.33%
	0.00	-0.19	0.20	0.27	0.32	0.09	0.09	0.45	0.81	3.36	2.84	0.30
Interest	1.11	0.63	0.82	1.06	1.16	1.48	2.16	2.42	1.87	2.76	2.16	2.16
Depreciation	1.30	1.23	1.54	1.17	1.07	0.93	0.85	0.80	0.80	0.73	0.50	0.49
Profit before tax	1.32	-4.45	0.21	-2.47	0.51	-2.19	-5.33	0.39	0.55	-1.76	0.92	1.12
Tax %	32.58%	48.76%	-19.05%	21.05%	125.49%	30.59%	11.07%	-15.38%	-3.64%	3.98%	98.91%	-30.36%
	0.90	-2.27	0.25	-1.95	-0.12	-1.52	-4.74	0.45	0.57	-1.68	0.01	1.46
EPS in Rs	0.65	-1.64	0.18	-1.41	-0.09	-1.10	-3.42	0.32	0.41	-1.21	0.01	1.05
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	14%
5 Years:	10%
3 Years:	4%
TTM:	33%

Compounded Profit Growth
10 Years:	11%
5 Years:	18%
3 Years:	37%
TTM:	213%

Stock Price CAGR
10 Years:	27%
5 Years:	36%
3 Years:	64%
1 Year:	344%

Return on Equity
10 Years:	-5%
5 Years:	-1%
3 Years:	-4%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85	13.85
Reserves	19.17	16.75	16.49	14.39	6.63	5.00	0.17	0.71	1.13	-0.53	-0.44	1.04
	8.00	3.08	6.86	7.40	9.25	16.35	19.02	15.55	21.62	20.89	18.91	19.28
	9.47	9.12	7.75	9.56	10.59	13.74	11.88	9.36	20.98	9.47	6.35	11.06
Total Liabilities	50.49	42.80	44.95	45.20	40.32	48.94	44.92	39.47	57.58	43.68	38.67	45.23
	22.83	21.52	19.50	18.26	9.54	8.56	8.01	7.87	7.70	6.98	3.00	7.24
CWIP	0.02	0.00	0.00	0.00	0.78	1.48	1.48	0.99	0.49	0.00	0.08	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.64	21.28	25.45	26.94	30.00	38.90	35.43	30.61	49.39	36.70	35.59	37.99
Total Assets	50.49	42.80	44.95	45.20	40.32	48.94	44.92	39.47	57.58	43.68	38.67	45.23

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.17	6.65	-3.10	-0.53	1.59	-3.56	1.59	7.34	-1.76	6.00	-5.10	7.73
	-0.02	-0.27	-0.24	0.10	-0.72	-1.21	-0.55	0.14	-0.04	0.89	5.96	-6.02
	0.26	-5.56	2.95	-0.17	-0.42	4.52	-1.16	-6.50	1.04	-3.49	-4.15	-1.64
Net Cash Flow	-1.93	0.82	-0.38	-0.60	0.44	-0.24	-0.13	0.98	-0.76	3.40	-3.29	0.07

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	125.99	77.90	99.99	119.68	110.45	165.29	163.15	82.82	227.02	101.07	124.74	100.08
Inventory Days	899.79	959.60	467.98	550.62	1,143.57	500.52	288.57	293.18	201.10	257.51	332.54	198.17
Days Payable	614.69	455.83	218.28	298.07	448.96	307.94	182.39	153.75	269.89	113.31	77.60	85.64
Cash Conversion Cycle	411.09	581.67	349.69	372.24	805.06	357.87	269.33	222.26	158.22	245.27	379.69	212.60
Working Capital Days	308.13	203.42	182.76	189.37	251.06	231.47	237.91	161.82	205.39	200.29	267.24	170.09
ROCE %	6.21%	-9.13%	2.96%	-3.95%	5.08%	-2.19%	-9.35%	8.90%	7.26%	2.82%	2.53%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.68%	50.54%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	49.24%	49.24%	49.24%	49.24%	49.24%	49.23%	49.23%	49.23%	49.24%	49.24%	49.25%	49.38%
No. of Shareholders	13,397	13,353	13,500	13,687	13,631	13,545	13,497	13,446	13,395	13,322	13,269	13,732

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.62%	74.62%	50.68%	50.68%	50.68%	50.68%	50.68%	50.54%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	25.30%	25.29%	49.24%	49.24%	49.24%	49.24%	49.23%	49.38%
No. of Shareholders	14,070	13,821	13,651	13,615	13,457	13,687	13,446	13,732

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Precision Electronics Ltd

Precision Electronics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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