Prime Industries Ltd

₹ 226 -1.40%

26 Apr - close price

primeindustrieslimited.com BSE: 519299

About

Incorporated in 2006, Prime Industries
Ltd deals in Securities trading and allied activities^[1]

Key Points

Product Profile:^[1]^[2]
Company used to manufacture Vanaspati Ghee and at present is engaged in manufacturing of all types packaging material at its production unit in Harridwar, which includes:
a) HDPE/ PP bags
b) Non-woven PP bags for packaging edible items
c) BOPP laminated multi-colour printed bags, etc.

Website BSE

Market Cap ₹ 356 Cr.
Current Price ₹ 226
High / Low ₹ 283 / 30.6
Stock P/E 30.0
Book Value ₹ 12.8
Dividend Yield 0.00 %
ROCE 6.60 %
ROE 7.62 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company has delivered good profit growth of 81.4% CAGR over last 5 years

Cons

Stock is trading at 17.6 times its book value
Promoter holding has decreased over last quarter: -7.24%
Company has a low return on equity of 3.43% over last 3 years.
Company might be capitalizing the interest cost

* 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: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	0.13	7.48	0.49	0.21	0.29	0.70	0.24	0.72	0.35	6.39	11.43	1.48	0.89
	0.07	7.21	0.43	0.15	0.39	0.46	0.22	0.11	0.06	5.52	0.11	0.21	0.11
Operating Profit	0.06	0.27	0.06	0.06	-0.10	0.24	0.02	0.61	0.29	0.87	11.32	1.27	0.78
OPM %	46.15%	3.61%	12.24%	28.57%	-34.48%	34.29%	8.33%	84.72%	82.86%	13.62%	99.04%	85.81%	87.64%
	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
Interest	0.09	0.02	0.06	0.06	0.08	0.22	0.10	0.05	0.03	0.04	0.12	0.72	0.49
Depreciation	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
Profit before tax	-0.03	0.25	0.00	0.00	-0.18	0.02	-0.08	0.56	0.26	0.83	11.20	0.55	0.29
Tax %	0.00%	0.00%			0.00%	50.00%	0.00%	0.00%	0.00%	0.00%	0.00%	212.73%	-58.62%
	-0.03	0.25	0.00	0.00	-0.18	0.01	-0.08	0.56	0.26	0.83	11.20	-0.63	0.46
EPS in Rs	-0.02	0.16	0.00	0.00	-0.11	0.01	-0.05	0.35	0.16	0.53	7.09	-0.40	0.29
Raw PDF

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
	2	0	0	0	1	0	1	8	13	8	2	8	20
	2	0	0	0	0	0	0	8	12	8	1	6	6
Operating Profit	0	0	0	0	0	0	1	0	1	0	0	2	14
OPM %	3%	42%	31%	57%	77%	45%	72%	5%	9%	5%	15%	23%	71%
	-0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	1	0	0	0	0	0	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-0	-0	0	0	0	0	0	0	1	0	-0	2	13
Tax %	17%	50%		12%	0%	0%	20%	9%	0%	0%	-6%	0%
	-0	-0	0	0	0	0	0	0	1	0	-0	2	12
EPS in Rs	-0.03	-0.01	0.01	0.04	0.01	0.01	0.05	0.06	0.47	0.11	-0.11	0.99	7.51
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	32%
5 Years:	46%
3 Years:	-16%
TTM:	904%

Compounded Profit Growth
10 Years:	66%
5 Years:	81%
3 Years:	28%
TTM:	1481%

Stock Price CAGR
10 Years:	67%
5 Years:	227%
3 Years:	220%
1 Year:	673%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	3%
Last Year:	8%

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	8	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	-0	-7	-4	-1	-1	-2	2	-1	-1	3	13	13	12
	0	0	0	0	1	11	1	0	0	0	10	3	5
	23	19	13	10	6	3	5	1	1	1	1	4	3
Total Liabilities	31	20	17	17	14	20	15	8	8	13	32	27	29
	1	1	1	0	0	3	3	3	3	3	3	3	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	13	10	9	7	8	8	6	3	2	6	15	13	2
	17	9	7	9	6	9	6	2	3	4	13	11	26
Total Assets	31	20	17	17	14	20	15	8	8	13	32	27	29

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
	1	-3	-2	-2	1	5	-5	0	1	-0	1	4
	-0	3	2	2	-0	-5	6	0	1	0	0	1
	-0	-0	-0	-0	-0	-0	-1	-0	-0	-0	9	-8
Net Cash Flow	0	-0	0	-0	0	0	0	-0	2	-0	10	-3

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	2	46	0	0	0	0	0	0	0	0	0	0
Inventory Days								59	33	49	359	48
Days Payable								0	0	0	0	0
Cash Conversion Cycle	2	46	0	0	0	0	0	59	33	49	359	48
Working Capital Days	-1,502	-8,327	-13,688	-876	-152	4,795	308	28	20	69	256	-73
ROCE %	0%	3%	1%	3%	6%	2%	6%	5%	17%	4%	1%	7%

Shareholding Pattern

Numbers in percentages

35 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.38%	54.78%	48.72%	41.48%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	1.30%	1.30%
	42.99%	42.99%	42.99%	42.99%	42.99%	42.99%	42.99%	42.99%	43.60%	45.18%	49.99%	57.23%
No. of Shareholders	4,017	4,353	4,668	4,872	4,865	4,857	4,822	4,735	4,879	5,288	5,502	5,896

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	51.72%	56.47%	56.47%	57.00%	57.00%	56.98%	56.98%	41.48%
	0.02%	0.02%	0.04%	0.02%	0.02%	0.02%	0.02%	1.30%
	48.25%	43.51%	43.49%	42.98%	42.98%	42.99%	42.99%	57.23%
No. of Shareholders	3,770	3,768	3,768	3,289	3,295	4,872	4,735	5,896

* 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.

Prime Industries Ltd

Prime Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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