Panasonic Carbon India Company Ltd
Incorporated in 1982, Panasonic Carbon India Company Ltd manufactures Carbon
Rods[1]
- Market Cap ₹ 245 Cr.
- Current Price ₹ 511
- High / Low ₹ 548 / 330
- Stock P/E 15.3
- Book Value ₹ 307
- Dividend Yield 2.35 %
- ROCE 12.4 %
- ROE 9.13 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 37.6%
- Debtor days have improved from 31.5 to 20.8 days.
Cons
- The company has delivered a poor sales growth of 2.72% over past five years.
- Company has a low return on equity of 12.0% over last 3 years.
- Earnings include an other income of Rs.9.67 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: Capital Goods-Non Electrical Equipment Industry: Electrodes - Graphites
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 35 | 35 | 41 | 49 | 49 | 44 | 45 | 45 | 49 | 50 | 50 | 47 | |
20 | 30 | 29 | 32 | 34 | 31 | 32 | 34 | 30 | 30 | 35 | 39 | 34 | |
Operating Profit | 2 | 5 | 5 | 9 | 15 | 18 | 12 | 11 | 15 | 19 | 15 | 11 | 13 |
OPM % | 8% | 14% | 16% | 22% | 32% | 36% | 28% | 25% | 34% | 38% | 30% | 22% | 27% |
4 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 | 8 | 7 | 7 | 10 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 6 | 10 | 10 | 14 | 21 | 25 | 18 | 18 | 23 | 25 | 20 | 18 | 22 |
Tax % | 33% | 33% | 34% | 35% | 35% | 34% | 30% | 30% | 25% | 26% | 25% | 27% | |
4 | 7 | 7 | 9 | 13 | 16 | 12 | 12 | 17 | 19 | 15 | 13 | 16 | |
EPS in Rs | 8.19 | 13.62 | 14.27 | 19.04 | 28.04 | 33.52 | 25.62 | 25.62 | 35.31 | 39.38 | 31.98 | 26.73 | 33.33 |
Dividend Payout % | 86% | 51% | 49% | 42% | 36% | 30% | 39% | 39% | 28% | 30% | 38% | 45% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 3% |
3 Years: | 4% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 1% |
3 Years: | -9% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 9% |
3 Years: | 6% |
1 Year: | 42% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 9% |
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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 51 | 54 | 57 | 61 | 69 | 85 | 91 | 98 | 109 | 123 | 132 | 139 | 143 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
8 | 9 | 9 | 11 | 12 | 7 | 7 | 6 | 6 | 6 | 6 | 5 | 6 | |
Total Liabilities | 64 | 68 | 71 | 77 | 86 | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 154 |
4 | 3 | 3 | 3 | 3 | 10 | 9 | 8 | 7 | 6 | 6 | 5 | 5 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
60 | 64 | 67 | 74 | 83 | 87 | 93 | 101 | 112 | 128 | 137 | 144 | 149 | |
Total Assets | 64 | 68 | 71 | 77 | 86 | 97 | 103 | 109 | 119 | 134 | 143 | 149 | 154 |
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 | 3 | 19 | 4 | 8 | 10 | 9 | 8 | 10 | 12 | 8 | 9 | |
4 | 5 | 5 | 5 | 5 | -4 | -4 | -2 | -4 | -7 | -2 | -5 | |
-4 | -4 | 4 | -4 | -5 | -6 | -6 | -6 | -6 | -5 | -6 | -6 | |
Net Cash Flow | -2 | 4 | 29 | 5 | 9 | 1 | -1 | 0 | -1 | 0 | 1 | -1 |
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 | 37 | 31 | 35 | 35 | 24 | 27 | 22 | 26 | 27 | 36 | 38 | 21 |
Inventory Days | 131 | 76 | 72 | 64 | 63 | 61 | 91 | 58 | 77 | 74 | 63 | 51 |
Days Payable | 113 | 104 | 108 | 98 | 76 | 108 | 100 | 85 | 71 | 102 | 60 | 41 |
Cash Conversion Cycle | 55 | 4 | -1 | 1 | 10 | -19 | 13 | -1 | 33 | 7 | 41 | 31 |
Working Capital Days | -21 | -22 | -18 | -16 | -22 | 22 | 17 | 9 | 17 | 20 | 931 | 662 |
ROCE % | 12% | 17% | 17% | 22% | 30% | 28% | 19% | 18% | 21% | 21% | 15% | 12% |
Documents
Announcements
- The Chief Financial Officer Is Authorised To Sign On Behalf Of The Company 1d
- Compliance-57 (5) : intimation after the end of quarter 18 Apr
- Certificate Under Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirement ) Regulation, 2015 For The Period Ended On 31.03.2024 17 Apr
- Reg. 7(3) - Compliance Certificate (RTA & Compliance Officer) For The Period Ended On 31.03.2024 17 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Dear Sir / Madam, We hereby submit the certificate under Reg 74 (5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company collaborated with Panasonic Corporation for obtaining Technical know-how and assistance for manufacture and sale of Midget Electrodes (Carbon Rods). Currently, PCICL is a sole manufacturer of high standard Carbon Rods in India and a leading manufacturer of Carbon Rods in the World