Prime Industries Ltd

₹ 174 -0.09%

11 Dec 3:48 p.m.

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 ₹ 274 Cr.
Current Price ₹ 174
High / Low ₹ 283 / 124
Stock P/E 443
Book Value ₹ 20.0
Dividend Yield 0.00 %
ROCE 53.5 %
ROE 50.8 %
Face Value ₹ 5.00

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Pros

Cons

Stock is trading at 8.48 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Earnings include an other income of Rs.2.20 Cr.
Promoter holding has decreased over last 3 years: -15.5%

* 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

	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
	0.21	0.29	0.70	0.24	0.72	0.35	6.39	0.00	1.48	0.89	0.46	0.00	0.00
	0.15	0.39	0.46	0.22	0.11	0.06	5.52	0.11	0.21	0.11	0.72	0.13	0.17
Operating Profit	0.06	-0.10	0.24	0.02	0.61	0.29	0.87	-0.11	1.27	0.78	-0.26	-0.13	-0.17
OPM %	28.57%	-34.48%	34.29%	8.33%	84.72%	82.86%	13.62%		85.81%	87.64%	-56.52%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.43	0.00	0.00	0.76	0.75	0.69
Interest	0.06	0.08	0.22	0.10	0.05	0.03	0.04	0.12	0.72	0.49	0.70	0.44	0.23
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	0.00	-0.18	0.02	-0.08	0.56	0.26	0.83	11.20	0.55	0.29	-0.20	0.18	0.29
Tax %		0.00%	50.00%	0.00%	0.00%	0.00%	0.00%	0.00%	212.73%	-58.62%	0.00%	27.78%	24.14%
	0.00	-0.18	0.01	-0.08	0.56	0.26	0.83	11.20	-0.63	0.46	-0.20	0.14	0.22
EPS in Rs	0.00	-0.11	0.01	-0.05	0.35	0.16	0.53	7.09	-0.40	0.29	-0.13	0.09	0.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	0.48	0.16	0.30	0.60	0.44	1.15	8.13	12.83	8.18	1.70	6.79	15.49	1.35
	0.28	0.11	0.13	0.14	0.24	0.32	7.71	11.65	7.78	1.44	5.92	1.63	1.13
Operating Profit	0.20	0.05	0.17	0.46	0.20	0.83	0.42	1.18	0.40	0.26	0.87	13.86	0.22
OPM %	41.67%	31.25%	56.67%	76.67%	45.45%	72.17%	5.17%	9.20%	4.89%	15.29%	12.81%	89.48%	16.30%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.91	0.01	2.20
Interest	0.17	0.02	0.08	0.43	0.19	0.73	0.31	0.43	0.23	0.42	0.21	2.03	1.86
Depreciation	0.05	0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.02	0.00	0.08	0.03	0.01	0.10	0.11	0.75	0.17	-0.16	1.57	11.84	0.56
Tax %	-50.00%		12.50%	0.00%	0.00%	20.00%	9.09%	0.00%	0.00%	6.25%	0.00%	8.45%
	-0.01	0.01	0.07	0.02	0.01	0.08	0.10	0.75	0.17	-0.17	1.57	10.84	0.62
EPS in Rs	-0.01	0.01	0.04	0.01	0.01	0.05	0.06	0.47	0.11	-0.11	0.99	6.86	0.39
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:	58%
5 Years:	14%
3 Years:	24%
TTM:	-84%

Compounded Profit Growth
10 Years:	101%
5 Years:	155%
3 Years:	300%
TTM:	-95%

Stock Price CAGR
10 Years:	57%
5 Years:	200%
3 Years:	198%
1 Year:	-7%

Return on Equity
10 Years:	12%
5 Years:	18%
3 Years:	21%
Last Year:	51%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	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	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86	7.86
Reserves	-6.79	-4.10	-0.98	-0.96	-1.91	2.08	-1.00	-0.85	3.39	12.95	12.54	14.41	23.82
	0.00	0.00	0.00	0.67	11.45	0.74	0.00	0.00	0.45	9.99	2.70	6.50	16.54
	19.25	13.11	9.85	6.24	2.74	4.78	1.41	0.99	1.20	0.98	3.81	22.98	0.89
Total Liabilities	20.32	16.87	16.73	13.81	20.14	15.46	8.27	8.00	12.90	31.78	26.91	51.75	49.11
	1.20	0.99	0.01	0.01	3.35	3.07	3.07	3.07	3.07	3.07	3.07	0.00	0.00
CWIP	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
Investments	10.44	8.53	7.38	7.55	8.06	6.18	2.99	1.56	5.63	15.36	13.02	2.46	2.47
	8.68	7.35	9.34	6.25	8.73	6.21	2.21	3.37	4.20	13.35	10.82	49.29	46.64
Total Assets	20.32	16.87	16.73	13.81	20.14	15.46	8.27	8.00	12.90	31.78	26.91	51.75	49.11

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.88	-1.92	-2.08	0.60	5.18	-5.17	0.02	1.22	-0.03	0.56	3.41	20.05
	2.56	1.94	2.12	-0.17	-4.81	6.07	0.00	0.84	0.00	0.00	1.21	13.80
	-0.16	-0.02	-0.08	-0.43	-0.19	-0.73	-0.31	-0.43	-0.23	9.12	-7.19	-16.35
Net Cash Flow	-0.48	0.00	-0.04	0.00	0.17	0.17	-0.30	1.62	-0.26	9.68	-2.57	17.51

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	45.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days							59.33	32.61	49.44	359.11	49.15	77.21
Days Payable							0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle	45.62	0.00	0.00	0.00	0.00	0.00	59.33	32.61	49.44	359.11	49.15	77.21
Working Capital Days	-8,326.56	-13,687.50	-876.00	-152.08	4,794.77	307.87	28.28	20.20	69.16	255.50	-82.78	6.13
ROCE %	3.39%	0.83%	3.01%	6.37%	1.60%	5.91%	4.79%	17.02%	4.28%	1.22%	6.60%	53.48%

Shareholding Pattern

Numbers in percentages

6 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	56.98%	56.98%	56.98%	56.98%	56.98%	56.98%	56.38%	54.78%	48.72%	41.48%	41.48%	41.48%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	1.30%	1.30%	1.30%	1.30%
	42.99%	42.99%	42.99%	42.99%	42.99%	42.99%	43.60%	45.18%	49.99%	57.23%	57.23%	57.22%
No. of Shareholders	4,668	4,872	4,865	4,857	4,822	4,735	4,879	5,288	5,502	5,896	6,947	6,901

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	51.72%	56.47%	56.47%	57.00%	57.00%	56.98%	56.98%	41.48%	41.48%
	0.02%	0.02%	0.04%	0.02%	0.02%	0.02%	0.02%	1.30%	1.30%
	48.25%	43.51%	43.49%	42.98%	42.98%	42.99%	42.99%	57.23%	57.22%
No. of Shareholders	3,770	3,768	3,768	3,289	3,295	4,872	4,735	5,896	6,901

* 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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Prime Industries Ltd

Prime Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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