Pradeep Metals Ltd

₹ 279 -2.77%

11 Dec 4:00 p.m.

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 ₹ 487 Cr.
Current Price ₹ 279
High / Low ₹ 322 / 191
Stock P/E 17.3
Book Value ₹ 71.5
Dividend Yield 0.72 %
ROCE 20.0 %
ROE 21.3 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 19.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%

Cons

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	55.00	56.00	63.93	64.83	72.76	67.16	63.05	59.43	70.01	67.74	79.49	71.50	74.18
	46.17	48.15	54.50	53.57	59.80	54.55	54.01	53.53	59.55	55.86	66.25	60.70	62.33
Operating Profit	8.83	7.85	9.43	11.26	12.96	12.61	9.04	5.90	10.46	11.88	13.24	10.80	11.85
OPM %	16.05%	14.02%	14.75%	17.37%	17.81%	18.78%	14.34%	9.93%	14.94%	17.54%	16.66%	15.10%	15.97%
	0.40	0.46	1.38	0.30	0.21	0.76	0.24	1.11	0.89	0.73	0.99	2.53	0.65
Interest	0.92	1.62	1.28	1.49	1.62	1.74	1.70	1.77	1.68	1.81	2.00	1.96	1.90
Depreciation	2.00	1.86	2.09	2.03	2.03	2.13	2.28	2.39	2.56	2.42	2.32	2.27	2.34
Profit before tax	6.31	4.83	7.44	8.04	9.52	9.50	5.30	2.85	7.11	8.38	9.91	9.10	8.26
Tax %	20.76%	23.81%	14.25%	16.92%	13.45%	23.58%	23.40%	29.12%	21.38%	18.26%	20.99%	23.30%	21.67%
	5.00	3.68	6.38	6.68	8.24	7.25	4.07	2.03	5.58	6.84	7.83	6.99	6.47
EPS in Rs	2.90	2.13	3.69	3.87	4.77	4.20	2.36	1.18	3.23	3.96	4.53	4.05	3.75
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	Mar 2024	TTM
	113	141	143	132	162	191	195	156	221	268	277	293
	100	123	131	121	143	164	166	131	186	222	235	245
Operating Profit	12	18	11	11	19	28	29	25	35	46	41	48
OPM %	11%	13%	8%	8%	12%	14%	15%	16%	16%	17%	15%	16%
	2	2	2	-0	2	1	-2	-2	3	1	4	5
Interest	3	4	8	6	7	8	8	5	5	7	7	8
Depreciation	2	3	5	4	6	6	8	8	8	8	10	9
Profit before tax	9	13	0	-0	8	14	12	11	25	32	28	36
Tax %	35%	34%	287%	2,038%	44%	34%	35%	28%	20%	19%	21%
	6	9	-1	-3	5	9	8	8	20	26	22	28
EPS in Rs	3.30	4.79	0.43	0.67	2.62	5.41	4.44	4.68	11.56	15.19	12.90	16.29
Dividend Payout %	36%	25%	138%	0%	0%	18%	23%	21%	13%	13%	16%

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	21%
TTM:	13%

Compounded Profit Growth
10 Years:	15%
5 Years:	19%
3 Years:	28%
TTM:	44%

Stock Price CAGR
10 Years:	16%
5 Years:	47%
3 Years:	41%
1 Year:	31%

Return on Equity
10 Years:	14%
5 Years:	26%
3 Years:	28%
Last Year:	21%

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	Mar 2024	Sep 2024
Equity Capital	17	17	17	17	17	17	17	17	17	17	17	17
Reserves	16	21	20	21	22	30	32	40	58	77	97	106
	46	72	87	93	93	97	87	65	81	73	73	75
	18	48	32	36	32	37	29	32	38	42	53	62
Total Liabilities	98	158	156	168	164	180	165	155	194	209	240	260
	20	47	59	62	62	61	68	59	70	72	86	96
CWIP	2	7	3	7	3	11	2	1	2	4	1	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	76	104	94	98	99	108	94	94	122	133	153	162
Total Assets	98	158	156	168	164	180	165	155	194	209	240	260

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	Mar 2024
	8	0	10	12	14	19	35	25	12	37	32
	-4	-20	-12	-13	-3	-12	-8	-1	-21	-19	-18
	-4	21	4	1	-12	-5	-29	-23	9	-20	-10
Net Cash Flow	0	2	1	0	-2	2	-2	0	1	-2	3

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	Mar 2024
Debtor Days	93	113	85	121	95	86	77	98	84	74	87
Inventory Days	236	243	220	230	215	189	172	213	185	177	174
Days Payable	65	150	69	118	89	79	51	108	87	81	107
Cash Conversion Cycle	263	206	235	234	222	196	197	203	181	170	155
Working Capital Days	174	140	144	139	126	109	88	98	128	110	116
ROCE %		17%	7%	6%	12%	16%	17%	15%	23%	25%	20%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	26.51%	26.51%	26.51%	26.50%	26.51%	26.51%	26.53%	26.51%	26.51%	26.51%	26.52%	26.51%
No. of Shareholders	4,613	5,161	5,319	5,186	4,881	4,736	4,782	4,828	5,007	4,992	5,595	5,643

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	72.20%	72.20%	72.20%	72.20%	73.48%	73.48%	73.48%	73.48%	73.48%
	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.06%	0.06%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%
	27.72%	27.72%	27.77%	27.77%	26.51%	26.51%	26.51%	26.51%	26.51%
No. of Shareholders	5,761	5,999	4,366	4,190	4,338	5,161	4,736	4,992	5,643

* 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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Pradeep Metals Ltd

Pradeep Metals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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