Primuss Pipes & Tubes Ltd
Premier Pipes Limited is desires to strengthen its position as the leader in pipes manufacturing in the steel industry.
- Market Cap ₹ 1.90 Cr.
- Current Price ₹ 2.68
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 7.73 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.14 times its book value
- Debtor days have improved from 48.7 to 29.2 days.
- Company's working capital requirements have reduced from 66.5 days to 23.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.33% over last 3 years.
- Contingent liabilities of Rs.4.51 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 0 | 8 | 39 | 20 | 30 | 29 | 34 | 31 | 41 | 140 | 143 | 74 | |
| 3 | 2 | 15 | 37 | 19 | 29 | 29 | 33 | 30 | 40 | 136 | 138 | 83 | |
| Operating Profit | 1 | -2 | -7 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 4 | 4 | -9 |
| OPM % | 24% | -95% | 3% | 6% | 3% | 2% | 4% | 5% | 3% | 3% | 3% | -12% | |
| 0 | 13 | 12 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 11 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -12 |
| Tax % | 3% | 0% | 0% | 14% | 21% | -4% | 20% | 31% | 30% | 44% | 27% | 31% | |
| 0 | 11 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -12 | |
| EPS in Rs | 0.41 | 14.80 | 4.93 | 0.34 | 0.21 | 0.38 | 0.39 | 0.38 | 0.42 | 0.32 | 1.44 | 1.38 | -17.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 66% |
| TTM: | -53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | 28% |
| 3 Years: | 48% |
| TTM: | -1195% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | -7 | 3 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 9 | 10 | 10 |
| 24 | 10 | 7 | 10 | 11 | 10 | 8 | 10 | 10 | 19 | 23 | 26 | 27 | |
| 1 | 1 | 4 | 4 | 2 | 3 | 3 | 3 | 2 | 8 | 10 | 15 | 12 | |
| Total Liabilities | 22 | 18 | 21 | 24 | 24 | 24 | 21 | 23 | 23 | 38 | 45 | 54 | 52 |
| 2 | 2 | 3 | 5 | 5 | 5 | 4 | 4 | 4 | 6 | 7 | 7 | 7 | |
| CWIP | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 19 | 16 | 17 | 18 | 19 | 19 | 17 | 19 | 20 | 32 | 38 | 47 | 45 | |
| Total Assets | 22 | 18 | 21 | 24 | 24 | 24 | 21 | 23 | 23 | 38 | 45 | 54 | 52 |
Cash Flows
Figures in Rs. Crores
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 14 | 5 | -0 | 0 | 1 | 2 | -3 | -1 | -6 | 6 | 1 | |
| 0 | 0 | -2 | -3 | 0 | 1 | 1 | 1 | 0 | -2 | -3 | 0 | |
| -4 | -14 | -3 | 3 | -0 | -1 | -2 | 2 | 0 | 9 | -5 | 0 | |
| Net Cash Flow | -0 | -0 | 0 | -0 | 1 | 0 | 1 | -0 | 0 | -0 | -1 | 1 |
| Free Cash Flow | 4 | 14 | 3 | -3 | 0 | 1 | 2 | -3 | -1 | -9 | 6 | 1 |
| CFO/OP | 415% | -842% | -94% | 10% | -89% | -33% | 452% | -224% | -42% | -581% | 178% | 31% |
Ratios
Figures in Rs. Crores
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,693 | 309 | 38 | 56 | 69 | 54 | 47 | 79 | 83 | 34 | 29 | |
| Inventory Days | 25 | 290 | 80 | 56 | 32 | 22 | 30 | 25 | 133 | 46 | 46 | |
| Days Payable | 230 | 140 | 14 | 37 | 33 | 31 | 22 | 21 | 45 | 17 | 27 | |
| Cash Conversion Cycle | 1,489 | 459 | 104 | 75 | 67 | 45 | 55 | 84 | 171 | 63 | 48 | |
| Working Capital Days | 1,873 | 607 | 85 | 73 | 84 | 75 | 77 | 84 | 142 | 33 | 24 | |
| ROCE % | 4% | 60% | 26% | 5% | 6% | 7% | 6% | 7% | 8% | 6% | 11% | 11% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Electricity Consumption kWh (Units) |
|
|||||
| Number of Permanent Employees numbers |
||||||
| Installed Capacity tonnes per annum |
||||||
| Capacity Utilization % |
||||||
| Fuel Consumption (Furnace Oil/LDO/HSD) Litres |
||||||
| Production Volume tonnes |
||||||
| Product Range Types categories |
||||||
Documents
Announcements
- Initiation of CIRP Process 23 Jun 2022
-
Initiation of CIRP
21 Sep 2021 - Copy of NCLT order received from Interim Resolution Professional.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
9 Sep 2020 - Mr. Vaibhav Shukla, Company Secretary and Compliance Officer of the Company has tendered his resignation.
- Delay In Submission/Publication Of Financial Results For The Quarter/Half Year/Financial Year Ended March 31, 2020. 31 Jul 2020
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
28 Jul 2020 - Mr. Arun Kumar Shrivastava has resigned from the office of Chief Financial Officer of the Company w.e.f. July 27,2020.