Precision Electronics Ltd
Incorporated in May 1979, Precision Electronics Ltd is a telecom infrastructure enabler with interest in infrastructure development, system integration, and manufacture and supply of high-end telecom equipment
- Market Cap ₹ 225 Cr.
- Current Price ₹ 163
- High / Low ₹ 163 / 28.0
- Stock P/E 979
- Book Value ₹ 8.50
- Dividend Yield 0.00 %
- ROCE 2.53 %
- ROE -9.65 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Stock is trading at 19.1 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.70% over past five years.
- Company has a low return on equity of -5.68% over last 3 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: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
36.72 | 20.28 | 13.26 | 27.56 | 25.77 | 24.09 | 34.36 | 28.95 | 37.24 | 41.53 | 35.39 | 35.58 | 43.27 | |
33.94 | 16.55 | 15.66 | 25.19 | 26.28 | 21.67 | 34.23 | 31.36 | 34.08 | 39.12 | 37.02 | 34.84 | 41.11 | |
Operating Profit | 2.78 | 3.73 | -2.40 | 2.37 | -0.51 | 2.42 | 0.13 | -2.41 | 3.16 | 2.41 | -1.63 | 0.74 | 2.16 |
OPM % | 7.57% | 18.39% | -18.10% | 8.60% | -1.98% | 10.05% | 0.38% | -8.32% | 8.49% | 5.80% | -4.61% | 2.08% | 4.99% |
0.38 | 0.00 | -0.19 | 0.20 | 0.27 | 0.32 | 0.09 | 0.09 | 0.45 | 0.81 | 3.36 | 2.84 | 0.24 | |
Interest | 1.54 | 1.11 | 0.63 | 0.82 | 1.06 | 1.16 | 1.48 | 2.16 | 2.42 | 1.87 | 2.76 | 2.16 | 2.20 |
Depreciation | 1.50 | 1.30 | 1.23 | 1.54 | 1.17 | 1.07 | 0.93 | 0.85 | 0.80 | 0.80 | 0.73 | 0.50 | 0.37 |
Profit before tax | 0.12 | 1.32 | -4.45 | 0.21 | -2.47 | 0.51 | -2.19 | -5.33 | 0.39 | 0.55 | -1.76 | 0.92 | -0.17 |
Tax % | 908.33% | 32.58% | 48.76% | -19.05% | 21.05% | 125.49% | 30.59% | 11.07% | -15.38% | -3.64% | 3.98% | 98.91% | |
-0.97 | 0.90 | -2.27 | 0.25 | -1.95 | -0.12 | -1.52 | -4.74 | 0.45 | 0.57 | -1.68 | 0.01 | 0.23 | |
EPS in Rs | -0.70 | 0.65 | -1.64 | 0.18 | -1.41 | -0.09 | -1.10 | -3.42 | 0.32 | 0.41 | -1.21 | 0.01 | 0.17 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 1% |
3 Years: | -2% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | % |
TTM: | 113% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 36% |
3 Years: | 76% |
1 Year: | 458% |
Return on Equity | |
---|---|
10 Years: | -6% |
5 Years: | -9% |
3 Years: | -6% |
Last Year: | -10% |
Balance Sheet
Figures in Rs. Crores
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 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 | 13.85 |
Reserves | 18.42 | 19.17 | 16.75 | 16.49 | 14.39 | 6.63 | 5.00 | 0.17 | 0.71 | 1.13 | -0.53 | -0.44 | -2.08 |
6.62 | 8.00 | 3.08 | 6.86 | 7.40 | 9.25 | 16.35 | 19.02 | 15.55 | 21.62 | 20.89 | 18.91 | 16.52 | |
12.78 | 9.47 | 9.12 | 7.75 | 9.56 | 10.59 | 13.74 | 11.88 | 9.36 | 20.98 | 9.47 | 6.35 | 10.82 | |
Total Liabilities | 51.67 | 50.49 | 42.80 | 44.95 | 45.20 | 40.32 | 48.94 | 44.92 | 39.47 | 57.58 | 43.68 | 38.67 | 39.11 |
24.27 | 22.83 | 21.52 | 19.50 | 18.26 | 9.54 | 8.56 | 8.01 | 7.87 | 7.70 | 6.98 | 3.00 | 3.45 | |
CWIP | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.78 | 1.48 | 1.48 | 0.99 | 0.49 | 0.00 | 0.08 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
27.38 | 27.64 | 21.28 | 25.45 | 26.94 | 30.00 | 38.90 | 35.43 | 30.61 | 49.39 | 36.70 | 35.59 | 35.66 | |
Total Assets | 51.67 | 50.49 | 42.80 | 44.95 | 45.20 | 40.32 | 48.94 | 44.92 | 39.47 | 57.58 | 43.68 | 38.67 | 39.11 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4.60 | -2.17 | 6.65 | -3.10 | -0.53 | 1.59 | -3.56 | 1.59 | 7.34 | -1.76 | 6.00 | -5.10 | |
-1.25 | -0.02 | -0.27 | -0.24 | 0.10 | -0.72 | -1.21 | -0.55 | 0.14 | -0.04 | 0.89 | 5.96 | |
-1.64 | 0.26 | -5.56 | 2.95 | -0.17 | -0.42 | 4.52 | -1.16 | -6.50 | 1.04 | -3.49 | -4.15 | |
Net Cash Flow | 1.71 | -1.93 | 0.82 | -0.38 | -0.60 | 0.44 | -0.24 | -0.13 | 0.98 | -0.76 | 3.40 | -3.29 |
Ratios
Figures in Rs. Crores
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 | 113.12 | 125.99 | 77.90 | 99.99 | 119.68 | 110.45 | 165.29 | 163.15 | 82.82 | 227.02 | 101.07 | 124.74 |
Inventory Days | 205.87 | 899.79 | 959.60 | 467.98 | 550.62 | 1,143.57 | 500.52 | 288.57 | 293.18 | 201.10 | 257.51 | 332.54 |
Days Payable | 203.79 | 614.69 | 455.83 | 218.28 | 298.07 | 448.96 | 307.94 | 182.39 | 153.75 | 269.89 | 113.31 | 77.60 |
Cash Conversion Cycle | 115.20 | 411.09 | 581.67 | 349.69 | 372.24 | 805.06 | 357.87 | 269.33 | 222.26 | 158.22 | 245.27 | 379.69 |
Working Capital Days | 110.83 | 308.13 | 203.42 | 182.76 | 189.37 | 251.06 | 231.47 | 237.91 | 161.82 | 205.39 | 200.29 | 267.24 |
ROCE % | 4.25% | 6.21% | -9.13% | 2.96% | -3.95% | 5.08% | -2.19% | -9.35% | 8.90% | 7.26% | 2.82% | 2.53% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 15 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 10 Apr
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Compliance Certificate For The Period Ended March 31, 2024
8 Apr - Compliance certificate for the year ended March 31, 2024 under Regulation 7(3) of SEBI (LODR) Regulations, 2015
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance certificate from Registrar and Share transfer agent of the Company
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1][2]
Company designs and manufactures telecom transmission systems, military communication systems, electronic warfare systems and C4I2SR systems. Company has restructured its business segments from erstwhile Electronics & Telecom and Infra Services to Masts & Pedestals, Electro-Mechanical Manufacturing, ICT Solutions and Engineering Services