Premco Global Ltd

Premco Global Ltd

₹ 400 -0.26%
26 Feb - close price
About

Premco Global is engaged in the business of Manufacturing of Woven & Knitted Elastic Tapes.

Key Points

Product Portfolio
The Co. produces woven and knitted elastic and non-elastic narrow fabric, webbing and tape (4mm to 250mm). It currently caters to the apparel, lingerie, athleisure, medical, footwear, luggage, furnishing, and automotive industries. [1]

  • Market Cap 132 Cr.
  • Current Price 400
  • High / Low 563 / 318
  • Stock P/E 18.1
  • Book Value 234
  • Dividend Yield 3.75 %
  • ROCE 13.9 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.75%.
  • Company has been maintaining a healthy dividend payout of 60.6%

Cons

  • Company has a low return on equity of 9.38% over last 3 years.
  • Earnings include an other income of Rs.3.60 Cr.

* 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: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
17.63 20.59 19.89 24.14 24.05 18.32 20.60 13.34 20.32 16.60 14.90 17.03 15.14
15.03 18.24 17.12 20.80 19.69 15.66 18.05 11.75 16.22 12.64 12.90 15.05 14.04
Operating Profit 2.60 2.35 2.77 3.34 4.36 2.66 2.55 1.59 4.10 3.96 2.00 1.98 1.10
OPM % 14.75% 11.41% 13.93% 13.84% 18.13% 14.52% 12.38% 11.92% 20.18% 23.86% 13.42% 11.63% 7.27%
-0.02 -0.29 0.58 1.01 0.67 0.74 0.44 0.76 0.77 0.41 1.15 0.91 1.13
Interest 0.21 0.24 0.20 0.19 0.21 0.17 0.14 0.12 0.15 0.15 0.16 0.23 0.10
Depreciation 0.45 0.71 0.43 0.45 0.46 0.65 0.64 0.64 0.65 0.74 0.60 0.62 0.61
Profit before tax 1.92 1.11 2.72 3.71 4.36 2.58 2.21 1.59 4.07 3.48 2.39 2.04 1.52
Tax % 21.88% 31.53% 25.74% 36.39% 25.00% 33.72% 19.00% 22.01% 20.15% 23.28% 21.76% 19.61% 17.76%
1.50 0.76 2.04 2.35 3.26 1.71 1.79 1.24 3.25 2.67 1.87 1.65 1.26
EPS in Rs 4.54 2.30 6.17 7.11 9.86 5.17 5.42 3.75 9.83 8.08 5.66 4.99 3.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
33.77 52.85 66.04 72.28 73.93 69.86 61.96 50.36 45.42 62.02 86.40 70.86 63.67
30.73 44.08 52.26 51.99 53.74 52.16 56.11 49.85 48.61 55.96 73.28 58.67 54.63
Operating Profit 3.04 8.77 13.78 20.29 20.19 17.70 5.85 0.51 -3.19 6.06 13.12 12.19 9.04
OPM % 9.00% 16.59% 20.87% 28.07% 27.31% 25.34% 9.44% 1.01% -7.02% 9.77% 15.19% 17.20% 14.20%
0.11 0.61 1.08 1.75 2.56 3.49 3.72 1.81 4.06 1.60 3.00 2.38 3.60
Interest 1.02 0.95 1.09 1.09 1.03 1.22 0.83 0.80 1.21 0.81 0.77 0.55 0.64
Depreciation 1.04 1.08 1.28 2.37 2.21 2.35 1.91 1.72 2.13 2.04 1.99 2.67 2.57
Profit before tax 1.09 7.35 12.49 18.58 19.51 17.62 6.83 -0.20 -2.47 4.81 13.36 11.35 9.43
Tax % 44.95% 29.80% 34.99% 35.09% 35.11% 33.20% 25.77% 180.00% 29.96% 25.36% 29.94% 21.15%
0.61 5.17 8.12 12.06 12.66 11.77 5.06 0.16 -1.73 3.59 9.36 8.95 7.45
EPS in Rs 2.01 16.23 24.34 36.15 38.31 35.61 15.31 0.48 -5.23 10.86 28.32 27.08 22.54
Dividend Payout % 59.21% 11.00% 8.15% 7.41% 7.82% 8.41% 19.57% 412.50% -38.15% 73.54% 52.88% 55.31%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 16%
TTM: -12%
Compounded Profit Growth
10 Years: 5%
5 Years: 16%
3 Years: 79%
TTM: -6%
Stock Price CAGR
10 Years: 21%
5 Years: 21%
3 Years: 9%
1 Year: 19%
Return on Equity
10 Years: 11%
5 Years: 5%
3 Years: 9%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 3.01 3.16 3.31 3.31 3.30 3.30 3.30 3.30 3.30 3.30 3.30 3.30 3.30
Reserves 12.97 17.73 25.47 35.89 47.43 59.23 63.11 64.06 60.65 62.92 66.45 71.43 73.94
6.95 8.19 6.13 3.31 4.07 10.12 3.12 2.68 6.53 6.65 3.67 8.00 3.67
7.22 8.58 9.90 8.87 7.45 10.83 9.30 7.31 7.99 9.97 11.56 7.73 9.11
Total Liabilities 30.15 37.66 44.81 51.38 62.25 83.48 78.83 77.35 78.47 82.84 84.98 90.46 90.02
12.90 13.22 12.69 10.10 9.71 11.26 11.43 10.74 10.01 9.90 12.86 21.66 22.82
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 0.38 0.54 4.45 10.32 22.55 30.61 26.16 17.73 28.03 32.69 29.80 33.34 27.55
16.87 23.90 27.67 30.96 29.99 41.61 41.24 48.88 40.43 40.25 42.32 35.46 39.65
Total Assets 30.15 37.66 44.81 51.38 62.25 83.48 78.83 77.35 78.47 82.84 84.98 90.46 90.02

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.59 0.78 9.45 10.82 15.97 3.82 2.29 -6.21 19.10 -3.68 11.43 14.71
-0.58 -1.53 -4.52 -5.89 -13.64 -7.10 5.07 9.45 -9.98 -3.71 -0.32 -13.84
-0.76 0.06 -3.40 -4.78 -1.96 3.28 -9.12 -1.43 2.04 -1.55 -9.70 -0.51
Net Cash Flow 0.25 -0.69 1.53 0.16 0.37 0.00 -1.76 1.81 11.16 -8.94 1.40 0.36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 53.39 72.65 62.95 51.66 47.10 65.73 78.23 89.80 67.42 79.10 66.28 54.96
Inventory Days 161.91 153.12 116.89 183.88 169.34 191.91 99.35 125.82 146.97 148.79 90.28 105.86
Days Payable 52.17 40.63 34.15 34.19 30.00 47.54 38.01 37.48 55.65 49.03 42.14 37.94
Cash Conversion Cycle 163.13 185.15 145.69 201.35 186.43 210.09 139.57 178.13 158.75 178.86 114.42 122.88
Working Capital Days 94.57 112.23 95.34 104.53 102.20 155.12 187.68 285.06 150.92 159.90 107.22 112.34
ROCE % 10.49% 32.03% 42.32% 49.29% 41.87% 25.28% 8.27% 1.09% -2.43% 6.59% 17.05% 13.91%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.92% 66.92% 66.95% 66.95% 66.96% 66.96% 66.96% 66.98% 66.98% 66.98% 66.98% 66.98%
0.19% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.15% 2.16% 2.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.74% 30.89% 30.89% 33.05% 33.04% 33.04% 33.03% 33.02% 33.01% 33.00% 33.01% 33.01%
No. of Shareholders 2,1212,1802,1832,2002,2352,2662,3292,3402,3362,3072,6042,591

* 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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