Pradeep Metals Ltd

Pradeep Metals Ltd

₹ 215 -5.91%
28 Mar - close price
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

  • Market Cap 371 Cr.
  • Current Price 215
  • High / Low 273 / 137
  • Stock P/E 19.8
  • Book Value 57.6
  • Dividend Yield 0.93 %
  • ROCE 25.0 %
  • ROE 32.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 42.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%

Cons

  • The company has delivered a poor sales growth of 10.6% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
39.16 45.29 45.86 55.00 56.00 63.93 64.83 72.76 67.16 63.05 59.43 70.01 67.74
33.48 37.04 37.52 46.17 48.15 54.50 53.57 59.80 54.55 54.01 53.54 59.55 55.86
Operating Profit 5.68 8.25 8.34 8.83 7.85 9.43 11.26 12.96 12.61 9.04 5.89 10.46 11.88
OPM % 14.50% 18.22% 18.19% 16.05% 14.02% 14.75% 17.37% 17.81% 18.78% 14.34% 9.91% 14.94% 17.54%
-0.25 0.56 0.94 0.40 0.46 1.38 0.30 0.21 0.76 0.23 1.11 0.89 0.73
Interest 1.14 1.23 1.07 0.92 1.62 1.28 1.49 1.62 1.74 1.70 1.76 1.68 1.81
Depreciation 2.00 1.94 1.77 2.00 1.86 2.09 2.03 2.03 2.13 2.28 2.39 2.56 2.42
Profit before tax 2.29 5.64 6.44 6.31 4.83 7.44 8.04 9.52 9.50 5.29 2.85 7.11 8.38
Tax % 35.81% 15.78% 21.89% 20.76% 23.81% 14.25% 16.92% 13.45% 23.58% 23.44% 29.12% 21.38% 18.26%
1.47 4.75 5.03 5.00 3.68 6.38 6.68 8.24 7.25 4.05 2.02 5.58 6.84
EPS in Rs 0.85 2.75 2.91 2.90 2.13 3.69 3.87 4.77 4.20 2.35 1.17 3.23 3.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
113 141 143 132 162 191 195 156 221 268 260
100 123 131 121 143 164 166 131 186 222 223
Operating Profit 12 18 11 11 19 28 29 25 35 46 37
OPM % 11% 13% 8% 8% 12% 14% 15% 16% 16% 17% 14%
2 2 2 -0 2 1 -2 -2 3 1 3
Interest 3 4 8 6 7 8 8 5 5 7 7
Depreciation 2 3 5 4 6 6 8 8 8 8 10
Profit before tax 9 13 0 -0 8 14 12 11 25 32 24
Tax % 35% 34% 287% -2,038% 44% 34% 35% 28% 20% 19%
6 9 -1 -3 5 9 8 8 20 26 18
EPS in Rs 3.30 4.79 0.43 0.67 2.62 5.41 4.44 4.68 11.56 15.19 10.71
Dividend Payout % 36% 25% 138% 0% 0% 18% 23% 21% 13% 13%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 11%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 39%
TTM: -36%
Stock Price CAGR
10 Years: 26%
5 Years: 25%
3 Years: 79%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 29%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 17 17 17 17 17 17 17
Reserves 16 21 20 21 22 30 32 40 58 77 82
46 72 87 93 93 97 87 65 81 73 69
18 48 32 36 32 37 29 32 38 42 46
Total Liabilities 98 158 156 168 164 180 165 155 194 209 215
20 47 59 62 62 61 68 59 70 72 86
CWIP 2 7 3 7 3 11 2 1 2 4 4
Investments 0 0 0 0 0 0 0 0 0 0 0
76 104 94 98 99 108 94 94 122 133 125
Total Assets 98 158 156 168 164 180 165 155 194 209 215

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 0 10 12 14 19 35 25 12 37
-4 -20 -12 -13 -3 -12 -8 -1 -21 -19
-4 21 4 1 -12 -5 -29 -23 9 -20
Net Cash Flow 0 2 1 0 -2 2 -2 0 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 93 113 85 121 95 86 77 98 84 74
Inventory Days 236 243 220 230 215 189 172 213 185 177
Days Payable 65 150 69 118 89 79 51 108 87 81
Cash Conversion Cycle 263 206 235 234 222 196 197 203 181 170
Working Capital Days 174 140 144 139 126 109 88 98 128 110
ROCE % 17% 7% 6% 12% 16% 17% 15% 23% 25%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
26.51% 26.51% 26.51% 26.51% 26.51% 26.51% 26.50% 26.51% 26.51% 26.53% 26.51% 26.51%
No. of Shareholders 4,3384,5404,5844,6135,1615,3195,1864,8814,7364,7824,8285,007

* 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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