Pradeep Metals Ltd

Pradeep Metals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pradeep Metals Ltd

₹ 268 3.49%
25 Apr 3:28 p.m.
pradeepmetals.com BSE: 513532
About

Incorporated in 1982, Pradeep Metals
Ltd manufactures and sells forged and
machined components[1]

Key Points

Business Overview:[1]
PML is an ISO 9001:2015, ISO 14001:2015, ISO 45001-2018, Marine & Norsok certified manufacturer of closed-die stainless, alloy, and carbon steel forgings as finished and semi-finished machined components for multiple sectors

Website BSE
  • Market Cap ₹ 463 Cr.
  • Current Price ₹ 268
  • High / Low ₹ 284 / 137
  • Stock P/E 28.6
  • Book Value ₹ 64.8
  • Dividend Yield 0.74 %
  • ROCE 20.0 %
  • ROE 20.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 21.6%

Cons

  • The company has delivered a poor sales growth of 11.6% over past five years.

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
34.80 42.13 42.42 49.99 54.34 60.42 59.79 65.28 62.26 58.54 52.29 63.61 61.42
29.90 37.30 36.12 43.43 48.01 54.34 52.63 56.42 51.63 51.31 47.38 54.86 52.63
Operating Profit 4.90 4.83 6.30 6.56 6.33 6.08 7.16 8.86 10.63 7.23 4.91 8.75 8.79
OPM % 14.08% 11.46% 14.85% 13.12% 11.65% 10.06% 11.98% 13.57% 17.07% 12.35% 9.39% 13.76% 14.31%
-0.37 0.64 1.21 0.66 0.74 1.69 0.39 0.63 1.20 0.67 1.53 1.42 1.14
Interest 0.97 1.18 0.96 0.83 1.46 1.16 1.29 1.35 1.41 1.39 1.45 1.35 1.48
Depreciation 1.32 1.55 1.39 1.44 1.46 1.54 1.49 1.47 1.54 1.69 1.78 1.96 1.98
Profit before tax 2.24 2.74 5.16 4.95 4.15 5.07 4.77 6.67 8.88 4.82 3.21 6.86 6.47
Tax % 39.73% 34.67% 27.91% 26.87% 27.23% 23.47% 28.72% 21.14% 26.69% 27.59% 28.04% 23.18% 24.88%
1.35 1.79 3.72 3.62 3.02 3.88 3.40 5.26 6.52 3.49 2.31 5.27 4.85
EPS in Rs 0.78 1.04 2.15 2.10 1.75 2.25 1.97 3.05 3.78 2.02 1.34 3.05 2.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
111 125 114 131 119 121 142 175 176 141 207 246 236
98 113 101 114 105 106 122 148 146 121 181 212 206
Operating Profit 13 12 13 17 14 16 20 27 30 20 26 34 30
OPM % 12% 10% 11% 13% 12% 13% 14% 15% 17% 14% 12% 14% 13%
1 2 2 2 2 2 3 1 -2 -2 4 2 5
Interest 4 4 3 4 7 6 6 7 6 4 4 5 6
Depreciation 2 2 2 3 4 4 4 4 5 5 6 6 7
Profit before tax 7 8 9 12 5 8 12 17 17 10 19 25 21
Tax % 21% 43% 33% 35% 27% 34% 30% 29% 24% 36% 26% 26%
6 4 6 8 4 5 8 12 13 6 14 19 16
EPS in Rs 3.55 2.55 3.50 4.53 2.18 2.98 4.74 6.91 7.46 3.58 8.25 10.80 9.22
Dividend Payout % 28% 39% 34% 26% 28% 0% 0% 14% 13% 28% 18% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 12%
TTM: -5%
Compounded Profit Growth
10 Years: 16%
5 Years: 19%
3 Years: 8%
TTM: -19%
Stock Price CAGR
10 Years: 29%
5 Years: 33%
3 Years: 88%
1 Year: 40%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 16 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 10 13 17 20 22 27 35 47 56 63 75 89 95
49 45 46 72 72 81 74 79 62 54 64 61 59
26 20 18 19 18 23 29 33 24 30 34 38 42
Total Liabilities 101 95 98 128 130 148 155 176 159 164 190 205 212
20 19 20 29 37 44 48 48 56 52 52 55 70
CWIP 0 0 2 7 3 7 3 11 2 1 2 4 4
Investments 0 0 0 3 5 9 9 9 6 8 7 5 5
81 76 76 90 85 88 95 109 95 102 130 141 133
Total Assets 101 95 98 128 130 148 155 176 159 164 190 205 212

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6 6 8 0 22 15 20 12 36 34 5 26
-4 -1 -4 -20 -10 -16 -7 -10 -6 -23 -8 -13
10 -4 -4 20 -12 3 -13 -2 -30 -11 4 -13
Net Cash Flow 0 0 0 -0 0 2 -1 -1 -0 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 98 89 102 107 106 134 124 123 112 120 106 91
Inventory Days 229 175 208 204 196 170 158 144 138 160 125 124
Days Payable 115 66 61 44 36 59 80 74 48 112 78 75
Cash Conversion Cycle 213 198 248 268 265 246 202 193 202 168 153 140
Working Capital Days 165 144 173 186 189 171 145 138 126 138 128 109
ROCE % 18% 16% 16% 16% 11% 11% 14% 18% 20% 13% 18% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48% 73.48%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.51% 26.51% 26.51% 26.51% 26.51% 26.50% 26.51% 26.51% 26.53% 26.51% 26.51% 26.51%
No. of Shareholders 4,5404,5844,6135,1615,3195,1864,8814,7364,7824,8285,0074,992

* 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.

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