Porwal Auto Components Ltd

Porwal Auto Comp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Porwal Auto Components Ltd

₹ 59.0 3.53%
25 Apr 11:58 a.m.
porwalauto.com BSE: 532933
About

Incorporated in 1992, Porwal Auto Components Ltd manufactures Ductile Iron, Grey Cast Iron Steel, and Steel Alloy Casting Components and Subassemblies[1]

Key Points

Business Overview:[1]
PACL is a diversified auto-components company with presence across many processes/ product lines and customers and is involved in manufacturing and marketing of S.G. (Ductile) Iron, Grey Cast Iron and Steel Castings and Components for the Automobile, Engineering, Pumps and Valves, Agriculture and Tractor Equipment, Railway Applications, etc. Company recently developed a new project called lost foam process

Website BSE
  • Market Cap ₹ 89.1 Cr.
  • Current Price ₹ 59.0
  • High / Low ₹ 70.0 / 21.1
  • Stock P/E 42.0
  • Book Value ₹ 41.1
  • Dividend Yield 0.00 %
  • ROCE 2.43 %
  • ROE -1.78 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 37.6 to 16.4 days.
  • Company's working capital requirements have reduced from 41.0 days to 20.3 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 37.2%
  • Company has a low return on equity of -1.28% over last 3 years.
  • Company's cost of borrowing seems high

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.37 28.45 20.46 28.72 29.89 28.06 34.12 36.12 34.79 35.58 38.62 34.29 40.13
17.24 25.07 19.24 27.14 28.70 26.90 31.92 34.37 31.30 35.36 35.26 31.90 36.58
Operating Profit 3.13 3.38 1.22 1.58 1.19 1.16 2.20 1.75 3.49 0.22 3.36 2.39 3.55
OPM % 15.37% 11.88% 5.96% 5.50% 3.98% 4.13% 6.45% 4.84% 10.03% 0.62% 8.70% 6.97% 8.85%
1.08 0.03 0.05 -0.00 -0.00 1.06 -0.00 0.01 -0.00 0.03 -0.00 0.39 -0.00
Interest 0.49 0.47 0.47 0.54 0.60 0.59 0.60 0.70 0.71 0.77 0.65 0.58 0.69
Depreciation 1.57 1.43 1.53 1.56 1.78 2.20 1.82 1.80 1.77 0.57 1.51 1.52 1.53
Profit before tax 2.15 1.51 -0.73 -0.52 -1.19 -0.57 -0.22 -0.74 1.01 -1.09 1.20 0.68 1.33
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
2.15 1.51 -0.74 -0.52 -1.19 -0.57 -0.22 -0.73 1.01 -1.09 1.20 0.68 1.33
EPS in Rs 1.42 1.00 -0.49 -0.34 -0.79 -0.38 -0.15 -0.48 0.67 -0.72 0.79 0.45 0.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
87 72 46 71 79 88 110 121 79 70 107 141 149
81 66 42 64 70 78 98 107 71 62 102 133 139
Operating Profit 5 6 4 8 9 10 12 14 8 8 5 8 10
OPM % 6% 8% 8% 11% 11% 11% 11% 11% 10% 11% 5% 5% 6%
1 1 0 0 0 0 1 -0 -0 1 1 0 0
Interest 1 1 1 2 2 1 2 3 2 2 2 3 3
Depreciation 4 4 4 4 4 4 5 6 6 6 7 6 5
Profit before tax 1 1 -1 2 3 4 6 5 -0 1 -3 -1 2
Tax % 27% 36% 29% 35% 28% 54% 21% 34% 242% 11% 95% -0%
1 1 -1 1 2 2 5 3 1 1 -0 -1 2
EPS in Rs 0.46 0.51 -0.40 0.74 1.48 1.38 3.34 2.26 0.37 0.62 -0.11 -0.68 1.40
Dividend Payout % -0% -0% -0% -0% 20% 36% 22% 33% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 21%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 516%
Stock Price CAGR
10 Years: 27%
5 Years: 15%
3 Years: 46%
1 Year: 156%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: -1%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 34 34 34 35 37 38 42 44 44 45 45 44 46
13 8 14 13 8 8 19 14 13 14 15 6 8
10 9 6 8 8 12 17 14 8 10 9 11 12
Total Liabilities 71 67 68 71 68 73 93 86 81 85 84 76 81
30 27 36 35 35 37 49 51 46 44 47 44 42
CWIP -0 0 1 1 2 2 2 -0 3 7 -0 -0 -0
Investments 0 0 2 2 4 4 6 8 9 9 9 10 9
41 40 30 33 29 29 36 27 23 26 28 23 30
Total Assets 71 67 68 71 68 73 93 86 81 85 84 76 81

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 5 2 5 3 9 10 9 8 4 7 5
-3 -5 -15 -6 -2 -7 -15 -4 -6 -5 -6 -3
-1 1 7 -1 -1 -2 5 -5 -2 0 -0 -2
Net Cash Flow -1 1 -7 -2 -0 0 -0 0 0 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 24 26 31 28 39 44 27 37 59 37 16
Inventory Days 138 119 190 98 73 58 70 62 69 115 82 54
Days Payable 24 14 22 29 23 28 49 24 32 46 40 29
Cash Conversion Cycle 136 129 194 100 78 69 66 65 74 128 79 41
Working Capital Days 63 59 90 59 46 33 34 28 44 59 44 20
ROCE % 4% 4% -0% 5% 8% 9% 11% 10% 3% 2% -3% 2%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.16% 37.16% 37.16% 37.16% 37.16% 37.17% 37.17% 37.17% 37.17% 37.17% 37.17% 37.17%
62.84% 62.84% 62.84% 62.84% 62.84% 62.82% 62.83% 62.82% 62.84% 62.83% 62.84% 62.84%
No. of Shareholders 8,5718,4558,3648,5168,4398,3338,2138,1838,2248,1367,3747,712

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