Pradeep Metals Ltd

About [ edit ]

Pradeep Metals is engaged in the manufacturing and selling of forged and machined components for various sectors. The Company caters to both domestic and international markets.

  • Market Cap 73.6 Cr.
  • Current Price 42.6
  • High / Low 68.4 / 27.4
  • Stock P/E 71.4
  • Book Value 29.4
  • Dividend Yield 2.35 %
  • ROCE 16.3 %
  • ROE 20.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 6.71% over past five years.
  • Contingent liabilities of Rs.24.83 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0.00 39.53 49.84 49.80 52.27 43.60 56.09 52.70 42.84 27.08 44.52 39.16
0.00 33.98 40.27 44.89 45.46 40.07 46.96 44.05 35.80 22.54 38.87 33.48
Operating Profit 0.00 5.55 9.57 4.91 6.81 3.53 9.13 8.65 7.04 4.54 5.65 5.68
OPM % 14.04% 19.20% 9.86% 13.03% 8.10% 16.28% 16.41% 16.43% 16.77% 12.69% 14.50%
Other Income 0.00 0.11 0.50 0.73 0.48 0.60 0.33 0.55 -2.87 -0.68 -0.62 -0.25
Interest 0.00 2.09 2.31 1.90 1.91 1.80 2.01 2.15 1.69 1.11 1.07 1.14
Depreciation 0.00 1.58 1.58 1.51 1.59 1.86 1.91 1.93 1.85 1.80 1.99 2.00
Profit before tax 0.00 1.99 6.18 2.23 3.79 0.47 5.54 5.12 0.63 0.95 1.97 2.29
Tax % 27.14% 27.83% 62.33% 31.93% 97.87% 15.70% 30.86% 187.30% 21.05% 63.45% 35.81%
Net Profit 0.00 1.45 4.46 0.84 2.58 0.01 4.67 3.54 -0.55 0.75 0.72 1.47
EPS in Rs 0.00 0.84 2.58 0.49 1.49 0.01 2.70 2.05 -0.32 0.43 0.42 0.85

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
113 141 143 132 162 191 195 154
100 123 132 121 143 164 167 131
Operating Profit 12 18 11 11 19 28 28 23
OPM % 11% 13% 8% 8% 12% 14% 15% 15%
Other Income 2 2 2 -0 2 1 -1 -4
Interest 3 4 8 6 7 8 8 5
Depreciation 2 3 5 4 6 6 8 8
Profit before tax 9 13 0 -0 8 14 12 6
Tax % 35% 34% 287% -2,038% 44% 34% 35%
Net Profit 6 8 1 1 5 9 8 2
EPS in Rs 3.30 4.79 0.43 0.67 2.62 5.41 4.44 1.38
Dividend Payout % 36% 25% 138% 0% 0% 18% 23%
Compounded Sales Growth
10 Years:%
5 Years:7%
3 Years:14%
TTM:-25%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:103%
TTM:-90%
Stock Price CAGR
10 Years:8%
5 Years:-3%
3 Years:-23%
1 Year:41%
Return on Equity
10 Years:%
5 Years:12%
3 Years:18%
Last Year:20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
17 17 17 17 17 17 17 17
Reserves 16 21 20 21 22 30 32 34
Borrowings 46 72 87 93 93 97 87 51
18 48 32 36 32 37 29 50
Total Liabilities 98 158 156 168 164 180 165 152
20 47 59 62 62 61 68 62
CWIP 2 7 3 7 3 11 2 2
Investments 0 0 0 0 0 0 0 1
76 104 94 98 99 108 94 87
Total Assets 98 158 156 168 164 180 165 152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 7% 6% 12% 16% 16%
Debtor Days 93 113 85 121 95 86 77
Inventory Turnover 1.68 1.71 1.68 2.00 2.27 2.29

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
72.20 72.20 72.20 72.20 72.20 72.20 72.20 72.20 72.20 72.20 73.48 73.48
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00
0.06 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01
27.72 27.77 27.77 27.77 27.77 27.77 27.76 27.77 27.77 27.79 26.51 26.51

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