Phoenix International Ltd

About [ edit ]

Phoenix International is in the business of leasing out building and is a manufacturer and supplier of Shoe uppers in Chennai, India.

  • Market Cap 35.8 Cr.
  • Current Price 21.3
  • High / Low 21.6 / 10.2
  • Stock P/E 10.4
  • Book Value 202
  • Dividend Yield 0.00 %
  • ROCE 3.43 %
  • ROE 0.97 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.11 times its book value
  • Debtor days have improved from 188.42 to 138.85 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.87% over past five years.
  • Company has a low return on equity of 0.85% for last 3 years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
10.23 10.30 10.76 11.23 10.22 10.18 11.25 10.95 10.59 5.63 6.36 6.78
4.73 6.84 7.53 6.93 6.91 6.62 7.38 7.16 7.36 1.94 0.67 3.47
Operating Profit 5.50 3.46 3.23 4.30 3.31 3.56 3.87 3.79 3.23 3.69 5.69 3.31
OPM % 53.76% 33.59% 30.02% 38.29% 32.39% 34.97% 34.40% 34.61% 30.50% 65.54% 89.47% 48.82%
Other Income 0.36 0.58 0.32 0.07 2.02 0.80 0.69 0.79 1.08 0.47 0.00 0.01
Interest 3.10 2.62 2.13 2.49 2.83 2.29 2.27 2.83 2.30 2.23 2.89 2.01
Depreciation 3.09 0.90 0.88 0.90 0.85 0.88 0.88 0.88 0.90 0.89 0.89 0.89
Profit before tax -0.33 0.52 0.54 0.98 1.65 1.19 1.41 0.87 1.11 1.04 1.91 0.42
Tax % 375.76% 57.69% 18.52% 0.00% 5.45% 27.73% 36.17% 83.91% -20.72% 27.88% 50.79% 0.00%
Net Profit 0.91 0.22 0.44 0.98 1.56 0.85 0.90 0.14 1.34 0.75 0.95 0.42
EPS in Rs 0.54 0.13 0.26 0.58 0.93 0.51 0.54 0.08 0.80 0.45 0.57 0.25

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
12.69 13.63 27.09 29.16 35.32 36.83 39.17 37.39 40.90 39.26 42.51 42.98 29.36
11.59 14.52 17.17 18.51 22.61 27.04 30.45 28.19 29.08 24.51 28.19 28.52 13.44
Operating Profit 1.10 -0.89 9.92 10.65 12.71 9.79 8.72 9.20 11.82 14.75 14.32 14.46 15.92
OPM % 8.67% -6.53% 36.62% 36.52% 35.99% 26.58% 22.26% 24.61% 28.90% 37.57% 33.69% 33.64% 54.22%
Other Income 6.07 9.73 1.37 0.73 0.11 0.95 0.18 0.87 1.51 0.38 2.98 3.34 1.56
Interest 4.87 5.75 7.69 7.87 9.20 7.15 6.11 7.51 10.68 10.48 10.08 9.69 9.43
Depreciation 1.49 2.20 2.21 2.24 2.25 2.24 1.31 0.66 3.57 3.57 3.53 3.54 3.57
Profit before tax 0.81 0.89 1.39 1.27 1.37 1.35 1.48 1.90 -0.92 1.08 3.69 4.57 4.48
Tax % 13.58% 16.85% 21.58% 26.77% 29.20% 37.04% 37.16% 48.95% 20.65% -75.93% 11.92% 29.10%
Net Profit 0.70 0.74 1.09 0.94 0.98 0.84 0.92 0.97 -0.73 1.90 3.25 3.23 3.46
EPS in Rs 0.42 0.44 0.65 0.56 0.58 0.50 0.55 0.58 -0.43 1.13 1.94 1.92 2.07
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:12%
5 Years:2%
3 Years:2%
TTM:-31%
Compounded Profit Growth
10 Years:16%
5 Years:28%
3 Years:85%
TTM:0%
Stock Price CAGR
10 Years:4%
5 Years:21%
3 Years:-5%
1 Year:45%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
16.79 16.79 18.79 18.79 18.79 18.79 18.79 18.79 16.79 16.79 16.79 16.79 16.79
Reserves 46.83 47.57 48.66 49.60 50.58 51.42 51.11 52.08 309.03 310.26 313.45 318.79 322.78
Borrowings 34.41 62.37 65.27 57.74 54.18 50.34 45.55 92.71 91.86 89.46 85.92 80.90 101.38
43.03 58.84 21.39 34.93 35.38 24.96 27.24 29.39 36.72 49.09 31.72 29.50 51.38
Total Liabilities 141.06 185.57 152.11 159.06 156.93 143.51 140.69 190.97 454.40 465.60 447.88 445.98 492.33
26.88 46.82 44.80 42.80 40.59 38.31 35.56 34.91 292.01 288.47 284.96 281.62 279.85
CWIP 25.48 4.41 3.46 3.46 2.32 2.32 2.32 2.32 2.32 2.32 0.00 0.00 0.00
Investments 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91 15.91
72.79 118.43 87.94 96.89 98.11 86.97 86.90 137.83 144.16 158.90 147.01 148.45 196.57
Total Assets 141.06 185.57 152.11 159.06 156.93 143.51 140.69 190.97 454.40 465.60 447.88 445.98 492.33

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
13.87 -23.40 9.98 12.37 60.60 9.72 12.69 2.01 17.80 14.88 20.93 16.71
-1.99 0.33 -2.18 -0.36 -1.41 0.11 0.21 0.69 0.16 0.25 -46.12 -0.31
-11.89 22.99 -7.49 -11.14 -57.54 -10.79 -11.87 -4.97 -17.27 30.44 -20.69 -15.78
Net Cash Flow -0.01 -0.08 0.31 0.87 1.65 -0.96 1.03 -2.27 0.70 45.57 -45.88 0.62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4.99% 5.91% 7.00% 7.06% 9.11% 6.48% 6.47% 6.74% 3.35% 2.77% 3.31% 3.43%
Debtor Days 179.77 372.23 382.92 309.17 237.17 194.94 144.34 267.97 226.41 314.70 111.71 138.85
Inventory Turnover 2.97 2.66 2.89 3.56 3.39 2.62 3.99 3.84 4.92 2.49 3.23 3.76

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
70.22 70.22 70.22 70.22 70.22 70.22 70.22 70.22 70.22 70.22 70.22 70.22
29.78 29.78 29.78 29.78 29.78 29.78 29.78 29.78 29.78 29.78 29.78 29.78

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