Panasonic Energy India Company Ltd

Panasonic Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Panasonic Energy India Company Ltd

₹ 525 -2.23%
24 Apr 10:00 a.m.
panasonicenergyindia.in/index.php BSE: 504093
About

Incorporated in 1972, Panasonic Energy India Company Ltd is in the business of manufacturing dry cell batteries[1]

Key Points

Business Overview:[1]
PEICL is a part of global Panasonic Corporation. It is a ISO 9001: 2015 & ISO 14001: 2015 certified manufacturer & supplier of dry cell batteries and lighting products including Metal Jacketed Dry battery, high performance pencil battery, Zinc-Chloride technology and eco friendly batteries in India

Website BSE
  • Market Cap ₹ 394 Cr.
  • Current Price ₹ 525
  • High / Low ₹ 615 / 220
  • Stock P/E 67.8
  • Book Value ₹ 130
  • Dividend Yield 0.00 %
  • ROCE -6.86 %
  • ROE -3.76 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.13 times its book value
  • The company has delivered a poor sales growth of 4.25% over past five years.
  • Company has a low return on equity of 5.22% over last 3 years.
  • Earnings include an other income of Rs.3.10 Cr.
  • Working capital days have increased from 43.0 days to 66.0 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: Dry cells Industry: Dry Cells

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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
66.87 62.20 48.52 66.17 67.28 59.21 60.50 66.16 65.80 60.83 76.81 68.36 74.74
61.86 60.43 44.66 59.96 63.33 61.32 57.89 65.67 67.66 68.58 73.14 63.49 68.30
Operating Profit 5.01 1.77 3.86 6.21 3.95 -2.11 2.61 0.49 -1.86 -7.75 3.67 4.87 6.44
OPM % 7.49% 2.85% 7.96% 9.38% 5.87% -3.56% 4.31% 0.74% -2.83% -12.74% 4.78% 7.12% 8.62%
0.99 1.01 0.89 0.81 1.19 1.03 0.83 -6.53 0.45 1.00 0.67 0.74 0.69
Interest 0.23 -0.01 0.02 0.04 0.03 0.07 0.07 0.06 0.04 0.02 0.07 0.02 0.02
Depreciation 0.57 0.83 0.78 0.78 0.83 0.77 0.74 0.76 0.73 0.93 0.81 0.96 0.95
Profit before tax 5.20 1.96 3.95 6.20 4.28 -1.92 2.63 -6.86 -2.18 -7.70 3.46 4.63 6.16
Tax % 28.65% 13.27% 25.82% 26.29% 25.93% 33.33% 26.24% 25.22% 27.52% 24.03% 25.14% 25.27% 26.62%
3.72 1.70 2.93 4.57 3.17 -1.28 1.93 -5.14 -1.58 -5.84 2.59 3.46 4.52
EPS in Rs 4.96 2.27 3.91 6.09 4.23 -1.71 2.57 -6.85 -2.11 -7.79 3.45 4.61 6.03
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
185 206 225 238 241 208 206 207 204 232 242 253 281
180 201 210 214 218 200 193 202 198 218 229 259 274
Operating Profit 5 5 14 24 23 8 12 5 5 14 13 -6 7
OPM % 3% 3% 6% 10% 10% 4% 6% 2% 3% 6% 5% -2% 3%
2 2 2 5 4 4 4 4 3 3 3 -4 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 2 2 2 2 3 3 3 3 3 4
Profit before tax 4 4 13 27 25 10 14 6 5 14 13 -14 7
Tax % 55% 34% 41% 34% 34% 37% 28% 21% 39% 26% 25% 25%
2 2 7 18 17 6 10 5 3 10 9 -11 5
EPS in Rs 2.41 3.28 9.91 23.79 22.04 8.36 13.07 6.15 4.20 13.76 12.52 -14.19 6.30
Dividend Payout % 83% 61% 35% 29% 32% 66% 54% 65% 95% 58% 60% -0%
Compounded Sales Growth
10 Years: 2%
5 Years: 4%
3 Years: 8%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 617%
Stock Price CAGR
10 Years: 21%
5 Years: 22%
3 Years: 35%
1 Year: 135%
Return on Equity
10 Years: 9%
5 Years: 5%
3 Years: 5%
Last Year: -4%

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 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 60 61 65 77 87 90 95 93 92 99 101 84 90
-0 -0 -0 -0 -0 -0 -0 -0 3 2 2 1 1
28 31 33 43 38 34 31 26 29 31 32 42 39
Total Liabilities 96 100 106 127 133 132 133 127 131 139 142 135 138
20 18 16 14 19 17 19 16 22 24 23 24 23
CWIP 0 -0 -0 5 -0 1 0 5 0 0 2 -0 0
Investments 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
76 82 90 108 114 114 114 105 108 116 117 111 115
Total Assets 96 100 106 127 133 132 133 127 131 139 142 135 138

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
-2 -2 10 20 2 33 -2 8 -2 20 -7 -8
1 -0 1 -3 -3 -19 5 10 -10 -11 15 10
-2 -2 -2 -3 -6 -6 -5 -6 -4 -4 -7 -6
Net Cash Flow -3 -4 9 14 -7 8 -1 12 -17 4 2 -5

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 39 44 43 43 55 14 9 5 8 9 9 14
Inventory Days 60 69 61 62 71 91 92 90 113 76 99 96
Days Payable 15 22 14 12 18 29 28 25 26 37 30 34
Cash Conversion Cycle 85 91 90 94 108 76 73 70 95 47 78 76
Working Capital Days 65 68 58 43 58 25 39 31 40 20 43 66
ROCE % 6% 6% 18% 33% 28% 11% 14% 6% 6% 14% 11% -7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06%
41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.95% 41.93% 41.94%
No. of Shareholders 9,16910,72111,64411,59311,65511,71011,51711,26311,21611,86911,51312,003

Documents

Announcements

Annual reports