Paramount Cosmetics (India) Ltd

Paramount Cosmetics (India) Ltd

₹ 37.8 -2.48%
28 Mar - close price
About

Incorporated in 1985, Paramount Cosmetics Ltd
is engaged in manufacturing and marketing of beauty and personal care products.

Key Points

Product Portfolio:[1]
a) Body Deodorants: Instinct St. Tropez, Instinct Caribbean, Instinct Ibiza, Instinct Geneva, Instinct Morocco
b) Aftershave Moisturizing Lotion: Amazon, Rio, Caribbean
c) Fancy Bindis: Shilpa Gold Sticker Bindis, Sunspot Sticker Bindi
d) Kumkum: Shilpa Liquid Kumkums
e) Eye Cosmetic: Shilpa Gold Kajal, Kromme (Instant eye shadow applicator)
f) Hair Cream: Instinct Non-Sticky Hair Styling Cream
g) Skin Gel: Shilpa Skin Renewal Gel

  • Market Cap 18.3 Cr.
  • Current Price 37.8
  • High / Low 54.0 / 31.0
  • Stock P/E 65.5
  • Book Value 42.1
  • Dividend Yield 0.00 %
  • ROCE 6.08 %
  • ROE 1.05 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.90 times its book value
  • Debtor days have improved from 115 to 85.1 days.
  • Company's working capital requirements have reduced from 201 days to 134 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.96% over past five years.
  • Company has a low return on equity of -5.96% over last 3 years.
  • Earnings include an other income of Rs.1.78 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: FMCG Industry: Personal Care - Indian

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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
6.24 5.84 2.19 5.36 6.86 5.77 5.31 6.10 7.87 7.43 4.73 5.70 6.28
4.80 4.51 3.96 4.94 5.04 7.17 4.67 5.40 7.22 6.77 4.24 6.06 5.95
Operating Profit 1.44 1.33 -1.77 0.42 1.82 -1.40 0.64 0.70 0.65 0.66 0.49 -0.36 0.33
OPM % 23.08% 22.77% -80.82% 7.84% 26.53% -24.26% 12.05% 11.48% 8.26% 8.88% 10.36% -6.32% 5.25%
-0.00 1.13 4.44 0.03 0.02 0.08 0.01 0.06 0.04 0.09 0.12 1.24 0.33
Interest 0.56 0.84 0.52 0.52 0.37 0.94 0.40 0.42 0.45 0.43 0.39 0.46 0.44
Depreciation 0.27 0.27 0.23 0.24 0.25 0.24 0.20 0.20 0.20 0.20 0.17 0.17 0.17
Profit before tax 0.61 1.35 1.92 -0.31 1.22 -2.50 0.05 0.14 0.04 0.12 0.05 0.25 0.05
Tax % -36.07% 19.26% 32.29% 96.77% 33.61% 24.00% -0.00% 28.57% 50.00% 66.67% 40.00% 32.00% 40.00%
0.84 1.09 1.30 -0.01 0.81 -1.90 0.05 0.10 0.02 0.05 0.04 0.16 0.03
EPS in Rs 1.73 2.25 2.68 -0.02 1.67 -3.91 0.10 0.21 0.04 0.10 0.08 0.33 0.06
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
44.59 46.56 47.39 48.36 49.08 34.85 20.98 21.86 24.18 17.50 20.18 26.72 24.14
40.15 41.96 42.84 43.44 42.34 29.53 16.50 17.47 20.27 14.91 21.10 24.07 23.02
Operating Profit 4.44 4.60 4.55 4.92 6.74 5.32 4.48 4.39 3.91 2.59 -0.92 2.65 1.12
OPM % 9.96% 9.88% 9.60% 10.17% 13.73% 15.27% 21.35% 20.08% 16.17% 14.80% -4.56% 9.92% 4.64%
0.23 0.27 0.19 0.17 0.26 0.07 0.36 0.05 0.04 1.17 4.56 0.20 1.78
Interest 2.00 2.09 1.88 1.92 3.03 3.23 2.82 2.50 2.25 2.31 2.35 1.70 1.72
Depreciation 0.73 0.60 0.60 0.80 2.53 2.14 1.72 1.43 1.25 1.06 0.95 0.81 0.71
Profit before tax 1.94 2.18 2.26 2.37 1.44 0.02 0.30 0.51 0.45 0.39 0.34 0.34 0.47
Tax % 29.90% 34.86% 33.63% 27.00% 45.14% 600.00% 90.00% 125.49% 128.89% 10.26% 41.18% 38.24%
1.36 1.42 1.50 1.74 0.80 -0.09 0.04 -0.13 -0.12 0.34 0.20 0.21 0.28
EPS in Rs 2.80 2.92 3.09 3.58 1.65 -0.19 0.08 -0.27 -0.25 0.70 0.41 0.43 0.57
Dividend Payout % 17.87% 20.54% 19.44% 16.76% 30.38% -270.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: -5%
5 Years: 5%
3 Years: 3%
TTM: -4%
Compounded Profit Growth
10 Years: -17%
5 Years: 39%
3 Years: 55%
TTM: 116%
Stock Price CAGR
10 Years: 10%
5 Years: 15%
3 Years: 31%
1 Year: 22%
Return on Equity
10 Years: 0%
5 Years: -4%
3 Years: -6%
Last Year: 1%

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 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 15.29 16.38 17.53 18.66 19.17 16.89 16.65 14.63 14.51 14.65 14.92 15.37 15.57
15.14 13.30 17.57 23.28 24.11 20.84 20.61 20.83 18.18 17.24 14.57 12.53 11.92
13.67 17.51 17.14 17.54 16.93 8.77 5.42 7.88 11.67 11.64 13.02 10.23 10.40
Total Liabilities 48.96 52.05 57.10 64.34 65.07 51.36 47.54 48.20 49.22 48.39 47.37 42.99 42.75
13.59 13.40 13.33 25.34 23.92 22.27 20.60 19.40 18.23 17.31 16.43 15.73 15.11
CWIP 0.12 0.89 4.88 -0.00 0.12 0.34 0.23 0.07 -0.00 -0.00 -0.00 -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
35.25 37.76 38.89 39.00 41.03 28.75 26.71 28.73 30.99 31.08 30.94 27.26 27.64
Total Assets 48.96 52.05 57.10 64.34 65.07 51.36 47.54 48.20 49.22 48.39 47.37 42.99 42.75

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
3.89 3.36 0.90 7.18 0.39 6.44 3.79 4.41 4.25 2.27 0.82 3.65
-0.20 -0.98 -4.33 -8.21 1.50 -0.67 0.05 -0.21 0.01 0.01 4.34 0.05
-4.24 -2.21 3.32 1.21 -3.51 -5.78 -3.61 -4.45 -4.16 -2.22 -5.02 -4.04
Net Cash Flow -0.55 0.17 -0.11 0.18 -1.62 -0.01 0.23 -0.25 0.11 0.05 0.14 -0.34

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 100.27 84.66 85.18 85.29 77.27 29.74 2.44 53.26 100.38 126.19 134.21 85.10
Inventory Days 114.56 137.87 157.93 197.13 254.59 364.78 1,472.85 1,345.79 1,030.13 1,959.47 874.23 420.93
Days Payable 119.11 120.49 119.07 140.01 147.13 109.26 136.23 266.23 171.69 411.83 227.83 83.10
Cash Conversion Cycle 95.73 102.04 124.05 142.41 184.73 285.27 1,339.06 1,132.83 958.82 1,673.83 780.61 422.94
Working Capital Days 132.77 126.68 170.99 143.71 154.31 167.05 296.11 203.04 171.33 268.01 202.40 134.01
ROCE % 11.33% 12.23% 11.11% 9.89% 9.44% 7.16% 7.37% 7.30% 6.93% 7.27% -4.84% 6.08%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78% 74.78%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
25.19% 25.19% 25.19% 25.19% 25.19% 25.19% 25.19% 25.18% 25.18% 25.18% 25.19% 25.18%
No. of Shareholders 5,4265,4475,3995,5185,6205,8035,8875,9465,9956,0256,0105,995

* 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.

Click on the line-items to see the names of individual entities.

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