Phoenix International Ltd

Phoenix International Ltd

₹ 39.2 3.51%
21 Feb 4:01 p.m.
About

Incorporated in 1995, Phoenix International
Ltd is in the business of leasing out building
and is a manufacturer and supplier of Shoe Uppers in Chennai, India.

Key Points

Business Overview:[1]
Company was engaged in shoe manufacturing in Noida but production was discontinued from FY00 to FY05, and company was largely involved in trading of shoe uppers in export markets. In FY06, company restarted manufacturing of leather shoe uppers from a leased premise in Chennai. In FY07, company’s manufacturing facility at Noida was refurbished as a commercial office space and leased out to 5 tenants.

  • Market Cap 65.8 Cr.
  • Current Price 39.2
  • High / Low 49.1 / 19.5
  • Stock P/E 37.8
  • Book Value 205
  • Dividend Yield 0.00 %
  • ROCE 2.25 %
  • ROE 0.63 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.19 times its book value

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 -3.79% over past five years.
  • Company has a low return on equity of 0.48% over last 3 years.
  • Company has high debtors of 317 days.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
6.78 5.42 3.78 6.94 7.76 8.29 9.65 8.13 7.60 6.98 7.14 7.13 6.50
3.43 2.61 1.66 3.10 4.09 4.89 5.92 4.83 4.33 4.65 3.74 3.65 3.52
Operating Profit 3.35 2.81 2.12 3.84 3.67 3.40 3.73 3.30 3.27 2.33 3.40 3.48 2.98
OPM % 49.41% 51.85% 56.08% 55.33% 47.29% 41.01% 38.65% 40.59% 43.03% 33.38% 47.62% 48.81% 45.85%
0.01 0.55 0.24 0.01 0.09 0.00 0.01 0.09 0.00 0.62 0.01 0.01 0.19
Interest 2.03 8.04 2.24 2.22 2.17 2.04 2.03 1.61 1.69 1.61 1.83 1.77 1.71
Depreciation 0.89 -2.66 0.88 0.88 0.88 0.90 0.99 0.99 0.74 0.90 0.85 0.97 0.92
Profit before tax 0.44 -2.02 -0.76 0.75 0.71 0.46 0.72 0.79 0.84 0.44 0.73 0.75 0.54
Tax % 0.00% -19.31% 0.00% 0.00% 0.00% 0.00% 37.50% 3.80% 27.38% 25.00% 30.14% 30.67% 29.63%
0.44 -2.41 -0.76 0.75 0.71 0.46 0.45 0.76 0.62 0.32 0.51 0.53 0.38
EPS in Rs 0.26 -1.44 -0.45 0.45 0.42 0.27 0.27 0.45 0.37 0.19 0.30 0.32 0.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
35.32 36.83 39.17 37.39 40.90 39.26 42.51 42.98 24.11 26.97 32.37 27.75
24.46 27.08 30.54 28.30 29.16 24.62 28.39 28.71 8.46 13.33 19.73 15.56
Operating Profit 10.86 9.75 8.63 9.09 11.74 14.64 14.12 14.27 15.65 13.64 12.64 12.19
OPM % 30.75% 26.47% 22.03% 24.31% 28.70% 37.29% 33.22% 33.20% 64.91% 50.57% 39.05% 43.93%
0.11 0.92 0.18 0.88 1.51 0.38 2.98 3.38 1.03 0.13 0.71 0.83
Interest 7.41 7.15 6.11 7.51 10.68 10.48 10.08 9.69 10.69 8.66 6.94 6.92
Depreciation 2.38 2.38 1.46 0.74 3.57 3.57 3.53 3.54 3.53 3.96 3.62 3.64
Profit before tax 1.18 1.14 1.24 1.72 -1.00 0.97 3.49 4.42 2.46 1.15 2.79 2.46
Tax % 33.90% 43.86% 44.35% 54.07% 19.00% -84.54% 12.61% 30.09% 67.07% -66.96% 22.94%
0.77 0.64 0.69 0.79 -0.81 1.80 3.05 3.08 0.81 1.92 2.16 1.74
EPS in Rs 0.46 0.38 0.41 0.47 -0.48 1.07 1.82 1.83 0.48 1.14 1.29 1.04
Dividend Payout % 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: -1%
5 Years: -4%
3 Years: -9%
TTM: -18%
Compounded Profit Growth
10 Years: 5%
5 Years: 4%
3 Years: -11%
TTM: -24%
Stock Price CAGR
10 Years: 12%
5 Years: 19%
3 Years: 43%
1 Year: 62%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 0%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 16.79 16.79 16.79 16.79 16.79 16.79 16.79 16.79 16.79 16.79 16.79 16.79
Reserves 38.21 38.85 38.32 48.01 299.44 300.56 313.65 321.16 321.05 322.44 327.02 328.06
Preference Capital 2.00 2.00 2.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
73.47 69.63 64.80 95.45 90.37 87.95 86.22 75.45 103.63 94.95 85.69 80.70
44.54 35.67 36.18 37.64 64.51 56.37 37.22 38.14 34.77 37.73 39.44 43.65
Total Liabilities 173.01 160.94 156.09 197.89 471.11 461.67 453.88 451.54 476.24 471.91 468.94 469.20
40.95 38.53 35.64 34.91 292.01 288.47 287.25 283.91 280.27 277.69 274.07 272.25
CWIP 4.61 4.61 4.61 4.61 4.61 4.61 0.00 0.00 1.33 0.00 0.00 0.00
Investments 23.79 23.79 23.79 8.05 23.79 23.79 6.14 6.14 6.14 6.14 6.14 6.14
103.66 94.01 92.05 150.32 150.70 144.80 160.49 161.49 188.50 188.08 188.73 190.81
Total Assets 173.01 160.94 156.09 197.89 471.11 461.67 453.88 451.54 476.24 471.91 468.94 469.20

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16.42 12.63 12.04 7.36 17.80 25.73 20.88 19.03 17.01 4.20 18.33
-1.41 -3.37 0.21 16.43 0.16 0.25 -46.12 -0.54 48.48 -0.14 0.11
-12.79 -10.78 -2.89 -34.43 -16.70 19.58 -20.69 -18.14 -65.81 -6.42 -16.61
Net Cash Flow 2.22 -1.52 9.36 -10.64 1.26 45.56 -45.93 0.35 -0.32 -2.36 1.82

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 242.13 199.79 131.30 270.02 228.37 316.66 113.51 142.08 295.97 360.80 316.63
Inventory Days 147.44 149.47 86.75 98.77 80.55 166.46 122.16 89.59 290.70 233.16 117.02
Days Payable 579.95 317.55 326.25 343.65 302.62 828.90 262.05 310.64 1,258.75 721.71 490.43
Cash Conversion Cycle -190.38 31.72 -108.21 25.14 6.30 -345.79 -26.38 -78.97 -672.08 -127.75 -56.78
Working Capital Days 543.78 530.01 463.96 585.62 501.18 218.94 220.24 191.84 290.36 392.34 296.89
ROCE % 6.20% 5.69% 6.26% 3.37% 2.82% 3.30% 3.40% 3.08% 2.24% 2.25%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 29.77% 29.78% 29.77% 29.78% 29.77% 29.79%
No. of Shareholders 8,1348,1658,1338,3318,7658,7628,7428,7928,7488,6028,8459,081

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