Premco Global Ltd

₹ 423 -0.91%

21 May - close price

About

Premco Global is engaged in the business of Manufacturing of Woven & Knitted Elastic Tapes.

Key Points

Product Portfolio
The Co. produces woven and knitted elastic and non-elastic narrow fabric, webbing and tape (4mm to 250mm). It currently caters to the apparel, lingerie, athleisure, medical, footwear, luggage, furnishing, and automotive industries. ^[1]

Website BSE

Market Cap ₹ 140 Cr.
Current Price ₹ 423
High / Low ₹ 563 / 338
Stock P/E 24.5
Book Value ₹ 231
Dividend Yield 3.55 %
ROCE 9.59 %
ROE 7.55 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 95.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 51.1%

Cons

The company has delivered a poor sales growth of 4.79% over past five years.
Company has a low return on equity of 10.2% over last 3 years.
Earnings include an other income of Rs.3.98 Cr.

* 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: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	20.59	19.89	24.14	24.05	18.32	20.60	13.34	20.32	16.60	14.90	17.03	15.14	16.56
	18.24	17.12	20.80	19.69	15.66	18.05	11.75	16.22	12.64	12.90	15.05	14.04	15.17
Operating Profit	2.35	2.77	3.34	4.36	2.66	2.55	1.59	4.10	3.96	2.00	1.98	1.10	1.39
OPM %	11.41%	13.93%	13.84%	18.13%	14.52%	12.38%	11.92%	20.18%	23.86%	13.42%	11.63%	7.27%	8.39%
	-0.29	0.58	1.01	0.67	0.74	0.44	0.76	0.77	0.41	1.15	0.91	1.13	0.79
Interest	0.24	0.20	0.19	0.21	0.17	0.14	0.12	0.15	0.15	0.16	0.23	0.10	0.12
Depreciation	0.71	0.43	0.45	0.46	0.65	0.64	0.64	0.65	0.74	0.60	0.62	0.61	0.64
Profit before tax	1.11	2.72	3.71	4.36	2.58	2.21	1.59	4.07	3.48	2.39	2.04	1.52	1.42
Tax %	31.53%	25.74%	36.39%	25.00%	33.72%	19.00%	22.01%	20.15%	23.28%	21.76%	19.61%	17.76%	25.35%
	0.76	2.04	2.35	3.26	1.71	1.79	1.24	3.25	2.67	1.87	1.65	1.26	1.07
EPS in Rs	2.30	6.17	7.11	9.86	5.17	5.42	3.75	9.83	8.08	5.66	4.99	3.81	3.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.85	66.04	72.28	73.93	69.86	61.96	50.36	45.42	62.02	86.40	70.86	63.63
	44.08	52.26	51.99	53.74	52.16	56.11	49.85	48.61	55.96	73.28	58.67	57.16
Operating Profit	8.77	13.78	20.29	20.19	17.70	5.85	0.51	-3.19	6.06	13.12	12.19	6.47
OPM %	16.59%	20.87%	28.07%	27.31%	25.34%	9.44%	1.01%	-7.02%	9.77%	15.19%	17.20%	10.17%
	0.61	1.08	1.75	2.56	3.49	3.72	1.81	4.06	1.60	3.00	2.38	3.98
Interest	0.95	1.09	1.09	1.03	1.22	0.83	0.80	1.21	0.81	0.77	0.55	0.60
Depreciation	1.08	1.28	2.37	2.21	2.35	1.91	1.72	2.13	2.04	1.99	2.67	2.46
Profit before tax	7.35	12.49	18.58	19.51	17.62	6.83	-0.20	-2.47	4.81	13.36	11.35	7.39
Tax %	29.80%	34.99%	35.09%	35.11%	33.20%	25.77%	180.00%	29.96%	25.36%	29.94%	21.15%	20.97%
	5.17	8.12	12.06	12.66	11.77	5.06	0.16	-1.73	3.59	9.36	8.95	5.85
EPS in Rs	16.23	24.34	36.15	38.31	35.61	15.31	0.48	-5.23	10.86	28.32	27.08	17.70
Dividend Payout %	11.00%	8.15%	7.41%	7.82%	8.41%	19.57%	412.50%	-38.15%	73.54%	52.88%	55.31%	45.13%

Compounded Sales Growth
10 Years:	0%
5 Years:	5%
3 Years:	1%
TTM:	-10%

Compounded Profit Growth
10 Years:	-3%
5 Years:	95%
3 Years:	25%
TTM:	-30%

Stock Price CAGR
10 Years:	21%
5 Years:	28%
3 Years:	3%
1 Year:	25%

Return on Equity
10 Years:	10%
5 Years:	7%
3 Years:	10%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	3.16	3.31	3.31	3.30	3.30	3.30	3.30	3.30	3.30	3.30	3.30	3.30
Reserves	17.73	25.47	35.89	47.43	59.23	63.11	64.06	60.65	62.92	66.45	71.43	72.94
	8.19	6.13	3.31	4.07	10.12	3.12	2.68	6.53	6.65	3.67	8.00	3.70
	8.58	9.90	8.87	7.45	10.83	9.30	7.31	7.99	9.97	11.56	7.73	7.81
Total Liabilities	37.66	44.81	51.38	62.25	83.48	78.83	77.35	78.47	82.84	84.98	90.46	87.75
	13.22	12.69	10.10	9.71	11.26	11.43	10.74	10.01	9.90	12.86	21.66	20.41
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.57
Investments	0.54	4.45	10.32	22.55	30.61	26.16	17.73	28.03	32.69	29.80	33.34	24.22
	23.90	27.67	30.96	29.99	41.61	41.24	48.88	40.43	40.25	42.32	35.46	37.55
Total Assets	37.66	44.81	51.38	62.25	83.48	78.83	77.35	78.47	82.84	84.98	90.46	87.75

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.78	9.45	10.82	15.97	3.82	2.29	-6.21	19.10	-3.68	11.43	14.71	2.58
	-1.53	-4.52	-5.89	-13.64	-7.10	5.07	9.45	-9.98	-3.71	-0.32	-13.84	5.45
	0.06	-3.40	-4.78	-1.96	3.28	-9.12	-1.43	2.04	-1.55	-9.70	-0.51	-9.20
Net Cash Flow	-0.69	1.53	0.16	0.37	0.00	-1.76	1.81	11.16	-8.94	1.40	0.36	-1.17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	72.65	62.95	51.66	47.10	65.73	78.23	89.80	67.42	79.10	66.28	54.96	44.92
Inventory Days	153.12	116.89	183.88	169.34	191.91	99.35	125.82	146.97	148.79	90.28	105.86	142.93
Days Payable	40.63	34.15	34.19	30.00	47.54	38.01	37.48	55.65	49.03	42.14	37.94	42.11
Cash Conversion Cycle	185.15	145.69	201.35	186.43	210.09	139.57	178.13	158.75	178.86	114.42	122.88	145.74
Working Capital Days	112.23	95.34	104.53	102.20	155.12	187.68	285.06	150.92	159.90	107.22	112.34	132.74
ROCE %	32.03%	42.32%	49.29%	41.87%	25.28%	8.27%	1.09%	-2.43%	6.59%	17.05%	13.91%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	66.92%	66.95%	66.95%	66.96%	66.96%	66.96%	66.98%	66.98%	66.98%	66.98%	66.98%	66.98%
	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.16%	2.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	30.89%	30.89%	33.05%	33.04%	33.04%	33.03%	33.02%	33.01%	33.00%	33.01%	33.01%	33.03%
No. of Shareholders	2,180	2,183	2,200	2,235	2,266	2,329	2,340	2,336	2,307	2,604	2,591	2,723

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	63.95%	63.95%	66.89%	66.89%	66.92%	66.96%	66.98%	66.98%
	0.00%	0.15%	0.27%	0.27%	0.19%	0.00%	0.00%	0.00%
	2.20%	2.20%	2.19%	2.15%	2.15%	0.00%	0.00%	0.00%
	33.85%	33.70%	30.65%	30.69%	30.74%	33.04%	33.01%	33.03%
No. of Shareholders	3,259	2,985	2,635	2,358	2,121	2,235	2,336	2,723

* 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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Premco Global Ltd

Premco Global Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports