Paramount Cosmetics (India) Ltd

About [ edit ]

Paramount Cosmetics has been a trusted name in the Indian traditional cosmetic segment since 1985. It has been grooming India with safe, hygienic and best in quality color cosmetics like bindis, kumkum and kaja. Today we are one of leading manufacturers and marketers of cosmetics in India.

  • Market Cap 8.01 Cr.
  • Current Price 16.5
  • High / Low 22.6 / 12.5
  • Stock P/E
  • Book Value 37.3
  • Dividend Yield 0.00 %
  • ROCE 6.93 %
  • ROE -0.62 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.44 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.94% over past five years.
  • Company has a low return on equity of -0.36% for last 3 years.
  • Debtor days have increased from 52.03 to 100.38 days.

Peer comparison

Sector: FMCG Industry: Personal Care - Indian

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
20.98 4.78 4.53 5.34 7.22 9.41 5.33 5.65 3.78 1.20 4.23 6.24
16.50 3.78 4.18 4.35 5.80 8.50 4.22 4.41 3.13 1.52 4.10 4.80
Operating Profit 4.48 1.00 0.35 0.99 1.42 0.91 1.11 1.24 0.65 -0.32 0.13 1.44
OPM % 21.35% 20.92% 7.73% 18.54% 19.67% 9.67% 20.83% 21.95% 17.20% -26.67% 3.07% 23.08%
Other Income 0.36 0.02 0.01 0.03 -0.01 0.00 0.02 0.02 0.00 0.05 -0.01 0.00
Interest 2.82 0.64 0.62 0.66 0.58 0.60 0.60 0.60 0.45 0.43 0.48 0.56
Depreciation 1.72 0.35 0.35 0.36 0.36 0.29 0.28 0.29 0.38 0.26 0.27 0.27
Profit before tax 0.30 0.03 -0.61 0.00 0.47 0.02 0.25 0.37 -0.18 -0.96 -0.63 0.61
Tax % 90.00% 66.67% 0.00% 136.17% -1,450.00% 36.00% 51.35% -138.89% 25.00% 17.46% -36.07%
Net Profit 0.04 0.01 -0.61 0.01 -0.17 0.31 0.16 0.18 -0.42 -0.72 -0.52 0.84
EPS in Rs 0.08 0.02 -1.26 0.02 -0.35 0.64 0.33 0.37 -0.87 -1.48 -1.07 1.73

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
22.64 28.89 43.09 44.59 46.56 47.39 48.36 49.08 34.85 20.98 21.86 24.18 15.45
20.68 26.41 40.53 40.15 41.96 42.84 43.44 42.34 29.53 16.50 17.47 20.27 13.55
Operating Profit 1.96 2.48 2.56 4.44 4.60 4.55 4.92 6.74 5.32 4.48 4.39 3.91 1.90
OPM % 8.66% 8.58% 5.94% 9.96% 9.88% 9.60% 10.17% 13.73% 15.27% 21.35% 20.08% 16.17% 12.30%
Other Income -0.07 0.03 1.05 0.23 0.27 0.19 0.17 0.26 0.07 0.36 0.05 0.04 0.04
Interest 0.84 1.06 1.72 2.00 2.09 1.88 1.92 3.03 3.23 2.82 2.50 2.25 1.92
Depreciation 0.28 0.36 0.40 0.73 0.60 0.60 0.80 2.53 2.14 1.72 1.43 1.25 1.18
Profit before tax 0.77 1.09 1.49 1.94 2.18 2.26 2.37 1.44 0.02 0.30 0.51 0.45 -1.16
Tax % 9.09% -0.92% 3.36% 29.90% 34.86% 33.63% 27.00% 45.14% 600.00% 90.00% 125.49% 128.89%
Net Profit 0.70 1.10 1.44 1.36 1.42 1.50 1.74 0.80 -0.09 0.04 -0.13 -0.12 -0.82
EPS in Rs 1.44 2.27 2.97 2.80 2.92 3.09 3.58 1.65 -0.19 0.08 -0.27 -0.25 -1.69
Dividend Payout % 0.00% 0.00% 16.88% 17.87% 20.54% 19.44% 16.76% 30.38% -270.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-2%
5 Years:-13%
3 Years:-11%
TTM:-44%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-13%
TTM:-271%
Stock Price CAGR
10 Years:-4%
5 Years:-16%
3 Years:-17%
1 Year:1%
Return on Equity
10 Years:3%
5 Years:0%
3 Years:-0%
Last Year:-1%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86 4.86
Reserves 12.06 13.07 14.21 15.29 16.38 17.53 18.66 19.17 15.04 14.80 14.63 14.51 13.28
Borrowings 4.61 6.19 14.51 15.14 13.30 17.57 23.28 24.11 20.84 20.61 20.83 18.18 18.56
9.50 12.92 16.21 13.67 17.51 17.14 17.54 16.93 10.62 7.27 7.88 11.67 12.72
Total Liabilities 31.03 37.04 49.79 48.96 52.05 57.10 64.34 65.07 51.36 47.54 48.20 49.22 49.42
13.19 13.17 13.99 13.59 13.40 13.33 25.34 23.92 22.27 20.60 19.40 18.23 17.80
CWIP 0.00 0.05 0.03 0.12 0.89 4.88 0.00 0.12 0.34 0.23 0.07 0.00 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 0.00
17.84 23.82 35.77 35.25 37.76 38.89 39.00 41.03 28.75 26.71 28.73 30.99 31.62
Total Assets 31.03 37.04 49.79 48.96 52.05 57.10 64.34 65.07 51.36 47.54 48.20 49.22 49.42

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2.08 0.13 -4.10 3.89 3.36 0.90 7.18 0.39 6.44 3.79 4.41 4.25
-0.57 -0.47 -0.25 -0.20 -0.98 -4.33 -8.21 1.50 -0.67 0.05 -0.21 0.01
-1.43 0.53 6.59 -4.24 -2.21 3.32 1.21 -3.51 -5.78 -3.61 -4.45 -4.16
Net Cash Flow 0.08 0.19 2.24 -0.55 0.17 -0.11 0.18 -1.62 -0.01 0.23 -0.25 0.11

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8.21% 9.42% 7.94% 11.33% 12.23% 11.11% 9.89% 9.44% 7.31% 7.70% 7.47% 6.93%
Debtor Days 138.16 166.52 94.36 100.27 84.66 85.18 85.29 77.27 29.74 2.44 53.26 100.38
Inventory Turnover 1.55 1.97 3.51 3.23 2.96 2.48 2.03 1.58 0.89 0.26 0.28 0.34

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.77 74.78 74.78 74.78 74.78 74.78 74.78 74.78 74.78 74.78 74.78 74.78
0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
25.19 25.17 25.17 25.19 25.19 25.19 25.19 25.19 25.19 25.19 25.19 25.19

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