Pashupati Cotspin Ltd
Incorporated in 2017, Pashupati Cotspin
Ltd Cotton does ginning, manufacture
and processing of yarn[1]
- Market Cap ₹ 315 Cr.
- Current Price ₹ 206
- High / Low ₹ 215 / 85.0
- Stock P/E 85.4
- Book Value ₹ 72.3
- Dividend Yield 0.36 %
- ROCE 5.59 %
- ROE 3.74 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 19.9%
Cons
- Stock is trading at 2.85 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.77% over past five years.
- Company has a low return on equity of 6.93% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.7.55 Cr.
- Debtor days have increased from 37.4 to 51.2 days.
* 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 - Cotton/Blended
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 72 | 252 | 248 | 276 | 334 | 538 | 397 | 441 | 661 | 443 | 530 | |
0 | 69 | 239 | 235 | 249 | 310 | 495 | 375 | 408 | 622 | 426 | 509 | |
Operating Profit | -0 | 3 | 13 | 13 | 27 | 25 | 42 | 22 | 33 | 39 | 17 | 21 |
OPM % | 5% | 5% | 5% | 10% | 7% | 8% | 5% | 7% | 6% | 4% | 4% | |
0 | 3 | 14 | 15 | 10 | 0 | -2 | 5 | 2 | 4 | 8 | 8 | |
Interest | 0 | 6 | 15 | 13 | 13 | 10 | 16 | 12 | 12 | 13 | 10 | 13 |
Depreciation | 0 | 1 | 5 | 5 | 9 | 8 | 13 | 13 | 15 | 14 | 9 | 10 |
Profit before tax | -0 | -1 | 7 | 9 | 16 | 7 | 11 | 1 | 7 | 16 | 6 | 5 |
Tax % | 31% | 128% | -16% | 10% | -44% | 109% | 13% | -144% | 28% | 31% | 33% | |
-0 | 0 | 8 | 8 | 23 | -1 | 9 | 3 | 5 | 11 | 4 | 4 | |
EPS in Rs | -0.62 | 9.20 | 3.10 | 3.47 | 7.28 | 2.69 | 2.41 | |||||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 16% | 22% | 10% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 4% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 52% |
3 Years: | 102% |
TTM: | -49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 39% |
1 Year: | 106% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 4% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 0 | 8 | 10 | 10 | 11 | 15 | 15 | 15 | 15 |
Reserves | -0 | 0 | 8 | 17 | 60 | 42 | 51 | 59 | 83 | 93 | 96 | 95 |
8 | 97 | 111 | 101 | 77 | 159 | 137 | 112 | 150 | 177 | 173 | 175 | |
1 | 27 | 32 | 31 | 12 | 26 | 43 | 63 | 16 | 21 | 23 | 27 | |
Total Liabilities | 8 | 124 | 152 | 149 | 156 | 237 | 241 | 244 | 265 | 307 | 307 | 312 |
2 | 74 | 73 | 63 | 60 | 121 | 109 | 105 | 95 | 86 | 112 | 140 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 26 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 39 | 34 | 51 |
5 | 50 | 78 | 86 | 96 | 116 | 121 | 133 | 163 | 182 | 135 | 121 | |
Total Assets | 8 | 124 | 152 | 149 | 156 | 237 | 241 | 244 | 265 | 307 | 307 | 312 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | -11 | 9 | 38 | 24 | -18 | 44 | 29 | -11 | 22 | 65 | |
-4 | -71 | -1 | -4 | -2 | -25 | -12 | -3 | -5 | -34 | -51 | |
4 | 84 | -8 | -34 | -22 | 40 | -32 | -26 | 16 | 13 | -15 | |
Net Cash Flow | 0 | 1 | 0 | -0 | -1 | -3 | 0 | -0 | 0 | 1 | -0 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 66 | 23 | 33 | 34 | 30 | 19 | 47 | 33 | 28 | 51 | |
Inventory Days | 119 | 35 | 29 | 33 | 82 | 49 | 54 | 72 | 40 | 34 | |
Days Payable | 21 | 6 | 1 | 14 | 4 | 6 | 8 | 4 | 4 | 7 | |
Cash Conversion Cycle | 164 | 52 | 60 | 54 | 108 | 62 | 93 | 101 | 64 | 78 | |
Working Capital Days | 217 | 94 | 86 | 82 | 88 | 51 | 68 | 119 | 86 | 90 | |
ROCE % | 10% | 21% | 19% | 17% | 10% | 15% | 5% | 9% | 11% | 6% |
Business Overview:[1]
PCL is listed on the SME Platform and is part of the Pashupati group which operates in the textile industry. It does cotton ginning and spinning of cotton yarn and manufactures cotton bales, cotton yarn and black cotton seeds