Premco Global Ltd

₹ 443 -2.82%
12 Aug - 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 146 Cr.
  • Current Price 443
  • High / Low 567 / 291
  • Stock P/E 11.7
  • Book Value 293
  • Dividend Yield 3.39 %
  • ROCE 23.2 %
  • ROE 16.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.39%.
  • Company has been maintaining a healthy dividend payout of 21.1%

Cons

  • Company has a low return on equity of 13.7% for 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

Consolidated Figures in Rs. Crores / View Standalone

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
19.64 19.58 18.36 18.74 10.68 24.48 29.68 34.71 34.61 32.45 35.23 25.94 26.61
17.64 16.52 16.37 17.57 10.41 19.91 21.54 25.43 26.46 25.97 27.74 21.80 23.34
Operating Profit 2.00 3.06 1.99 1.17 0.27 4.57 8.14 9.28 8.15 6.48 7.49 4.14 3.27
OPM % 10.18% 15.63% 10.84% 6.24% 2.53% 18.67% 27.43% 26.74% 23.55% 19.97% 21.26% 15.96% 12.29%
1.46 1.28 0.65 0.36 1.33 0.61 0.01 -0.15 0.72 1.23 0.91 0.99 0.69
Interest 0.65 0.56 0.51 0.51 0.29 0.39 0.47 0.51 0.56 0.46 0.50 0.44 0.42
Depreciation 0.67 0.69 1.99 1.27 1.09 1.05 1.07 1.36 1.09 1.14 1.15 1.35 1.34
Profit before tax 2.14 3.09 0.14 -0.25 0.22 3.74 6.61 7.26 7.22 6.11 6.75 3.34 2.20
Tax % 2.34% 7.12% -221.43% 212.00% 27.27% 16.58% 8.47% 11.85% 14.68% 25.86% 30.37% 29.04% 19.09%
Net Profit 1.79 2.51 0.27 0.01 0.14 2.82 5.40 5.56 5.58 4.18 4.54 2.26 1.78
EPS in Rs 5.42 7.60 0.82 0.03 0.42 8.53 16.34 16.82 16.88 12.65 13.74 6.84 5.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
74 74 78 70 76 100 128 120
53 57 70 64 68 77 102 99
Operating Profit 20 17 8 6 8 22 26 21
OPM % 27% 23% 10% 9% 11% 22% 20% 18%
3 3 3 1 4 2 4 4
Interest 1 2 1 2 2 2 2 2
Depreciation 2 3 3 3 5 5 5 5
Profit before tax 19 16 7 3 5 18 23 18
Tax % 35% 37% 25% -13% -11% 12% 24%
Net Profit 13 10 5 3 5 14 17 13
EPS in Rs 38.19 30.99 15.92 7.90 13.89 42.09 50.08 38.62
Dividend Payout % 8% 10% 19% 25% 14% 19% 30%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 22%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 78%
TTM: -40%
Stock Price CAGR
10 Years: 34%
5 Years: 0%
3 Years: 69%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 14%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3 3 3 3 3 3 3
Reserves 47 58 62 65 69 82 94
4 12 5 3 7 14 9
8 12 12 10 21 17 19
Total Liabilities 63 85 82 82 100 115 125
10 17 17 17 24 22 24
CWIP 4 0 0 0 0 0 0
Investments 19 25 21 12 22 27 24
31 43 44 53 54 66 77
Total Assets 63 85 82 82 100 115 125

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 4 3 -2 32 6 25
-14 -7 3 7 -21 -4 -1
-1 5 -10 -3 1 -2 -12
Net Cash Flow 1 2 -3 2 13 0 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45 61 85 99 35 59 45
Inventory Days 181 294 155 277 230 202 137
Days Payable 32 53 41 40 44 38 34
Cash Conversion Cycle 195 302 199 336 221 223 149
Working Capital Days 103 138 151 220 129 146 105
ROCE % 23% 9% 6% 9% 21% 23%

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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