Premco Global Ltd

₹ 378 0.81%
30 Sep - close price
About

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

Key Points

Capacity: [1]
Premco has a capacity of over 300 million metres per year in knitted and woven tapes.
Specialists in the production of jacquard elastics.
It has 4 manufacturing units in India- Mumbai, Dadra, Palgarh & Vapi and one foreign manufacturing unit in Vietnam.
As of FY20, Dadra & Vietnam units are the biggest contributor to overall sales. [2]

  • Market Cap 125 Cr.
  • Current Price 378
  • High / Low 567 / 291
  • Stock P/E 14.1
  • Book Value 211
  • Dividend Yield 3.97 %
  • ROCE 17.0 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.97%.
  • Company has been maintaining a healthy dividend payout of 29.4%

Cons

  • Company has a low return on equity of 4.48% over last 3 years.

* 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 - Processing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
10.71 14.66 10.67 9.38 6.63 17.17 17.63 20.59 19.89 24.14 24.05 18.32 20.60
11.37 14.32 11.54 11.38 7.34 15.37 15.03 18.24 17.12 20.80 19.69 15.66 18.05
Operating Profit -0.66 0.34 -0.87 -2.00 -0.71 1.80 2.60 2.35 2.77 3.34 4.36 2.66 2.55
OPM % -6.16% 2.32% -8.15% -21.32% -10.71% 10.48% 14.75% 11.41% 13.93% 13.84% 18.13% 14.52% 12.38%
1.71 1.31 0.65 0.39 1.32 0.60 -0.02 -0.29 0.58 1.01 0.67 0.74 0.44
Interest 0.39 0.33 0.27 0.22 0.18 0.17 0.21 0.24 0.20 0.19 0.21 0.17 0.14
Depreciation 0.42 0.42 0.72 0.57 0.44 0.44 0.45 0.71 0.43 0.45 0.46 0.65 0.64
Profit before tax 0.24 0.90 -1.21 -2.40 -0.01 1.79 1.92 1.11 2.72 3.71 4.36 2.58 2.21
Tax % 20.83% 24.44% 25.62% 29.58% -400.00% 22.91% 21.88% 31.53% 25.74% 36.39% 25.00% 33.72% 19.00%
Net Profit 0.19 0.67 -0.91 -1.69 -0.05 1.38 1.50 0.76 2.04 2.35 3.26 1.71 1.79
EPS in Rs 0.57 2.03 -2.75 -5.11 -0.15 4.18 4.54 2.30 6.17 7.11 9.86 5.17 5.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
43.11 33.77 52.85 66.04 72.28 73.93 69.86 61.96 50.36 45.42 62.02 86.40 87.11
38.98 30.73 44.08 52.26 51.99 53.74 52.16 56.11 49.85 48.61 55.96 73.28 74.20
Operating Profit 4.13 3.04 8.77 13.78 20.29 20.19 17.70 5.85 0.51 -3.19 6.06 13.12 12.91
OPM % 9.58% 9.00% 16.59% 20.87% 28.07% 27.31% 25.34% 9.44% 1.01% -7.02% 9.77% 15.19% 14.82%
0.20 0.11 0.61 1.08 1.75 2.56 3.49 3.72 1.81 4.06 1.60 3.00 2.86
Interest 1.29 1.02 0.95 1.09 1.09 1.03 1.22 0.83 0.80 1.21 0.81 0.77 0.71
Depreciation 1.01 1.04 1.08 1.28 2.37 2.21 2.35 1.91 1.72 2.13 2.04 1.99 2.20
Profit before tax 2.03 1.09 7.35 12.49 18.58 19.51 17.62 6.83 -0.20 -2.47 4.81 13.36 12.86
Tax % 33.00% 44.95% 29.80% 34.99% 35.09% 35.11% 33.20% 25.77% 180.00% 29.96% 25.36% 29.94%
Net Profit 1.36 0.61 5.17 8.12 12.06 12.66 11.77 5.06 0.16 -1.73 3.59 9.36 9.11
EPS in Rs 4.48 2.01 16.23 24.34 36.15 38.31 35.61 15.31 0.48 -5.23 10.86 28.32 27.56
Dividend Payout % 26.56% 59.21% 11.00% 8.15% 7.41% 7.82% 8.41% 19.57% 412.50% -38.15% 73.54% 52.88%
Compounded Sales Growth
10 Years: 10%
5 Years: 4%
3 Years: 20%
TTM: 16%
Compounded Profit Growth
10 Years: 27%
5 Years: -4%
3 Years: 244%
TTM: 29%
Stock Price CAGR
10 Years: 33%
5 Years: -4%
3 Years: 54%
1 Year: -27%
Return on Equity
10 Years: 12%
5 Years: 4%
3 Years: 4%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.01 3.01 3.16 3.31 3.31 3.30 3.30 3.30 3.30 3.30 3.30 3.30
Reserves 12.77 12.97 17.73 25.47 35.89 47.43 59.23 63.11 64.06 60.65 62.92 66.45
6.67 6.95 8.19 6.13 3.31 4.07 10.12 3.12 2.68 6.53 6.65 3.67
5.59 7.22 8.58 9.90 8.87 7.45 10.83 9.30 7.31 7.99 9.97 11.56
Total Liabilities 28.04 30.15 37.66 44.81 51.38 62.25 83.48 78.83 77.35 78.47 82.84 84.98
13.65 12.90 13.22 12.69 10.10 9.71 11.26 11.43 10.74 10.01 9.90 12.86
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
Investments 0.32 0.38 0.54 4.45 10.32 22.55 30.61 26.16 17.73 28.03 32.69 29.80
14.07 16.87 23.90 27.67 30.96 29.99 41.61 41.24 48.88 40.43 40.25 42.32
Total Assets 28.04 30.15 37.66 44.81 51.38 62.25 83.48 78.83 77.35 78.47 82.84 84.98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.73 1.59 0.78 9.45 10.82 15.97 3.82 2.29 -6.21 19.10 -3.68 11.43
-4.08 -0.58 -1.53 -4.52 -5.89 -13.64 -7.10 5.07 9.45 -9.98 -3.71 -0.32
0.89 -0.76 0.06 -3.40 -4.78 -1.96 3.28 -9.12 -1.43 2.04 -1.55 -9.70
Net Cash Flow -0.46 0.25 -0.69 1.53 0.16 0.37 0.00 -1.76 1.81 11.16 -8.94 1.41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 40.05 53.39 72.65 62.95 51.66 47.10 65.73 78.23 89.80 67.42 79.10 66.28
Inventory Days 83.37 161.91 153.12 116.89 183.88 169.34 191.91 99.35 125.82 146.97 148.79 90.28
Days Payable 13.94 52.17 40.63 34.15 34.19 30.00 47.54 38.01 37.48 55.65 49.03 42.14
Cash Conversion Cycle 109.48 163.13 185.15 145.69 201.35 186.43 210.09 139.57 178.13 158.75 178.86 114.42
Working Capital Days 76.12 94.57 112.23 95.34 104.53 102.20 155.12 187.68 285.06 150.92 159.90 107.22
ROCE % 15.72% 10.49% 32.03% 42.32% 49.29% 41.87% 25.28% 8.27% 1.09% -2.43% 6.59% 17.05%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
66.89 66.89 66.89 66.89 66.89 66.92 66.92 66.92 66.95 66.95 66.96 66.96
0.27 0.27 0.27 0.27 0.27 0.27 0.19 0.03 0.00 0.00 0.00 0.00
2.19 2.20 2.15 2.15 2.15 2.15 2.15 2.16 2.16 0.00 0.00 0.00
30.65 30.64 30.69 30.69 30.69 30.66 30.74 30.89 30.89 33.05 33.04 33.04

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