Premco Global Ltd

Premco Global Ltd

₹ 402 1.77%
18 Apr - 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 133 Cr.
  • Current Price 402
  • High / Low 563 / 330
  • Stock P/E 13.5
  • Book Value 339
  • Dividend Yield 3.73 %
  • ROCE 9.23 %
  • ROE 7.55 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Stock is providing a good dividend yield of 3.73%.
  • Company has been maintaining a healthy dividend payout of 33.8%

Cons

  • The company has delivered a poor sales growth of 3.55% over past five years.
  • Company has a low return on equity of 13.3% 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 - Products

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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
29.68 34.71 34.61 32.45 35.23 25.94 26.61 15.70 25.05 25.99 24.64 24.01 21.84
21.54 25.43 26.46 25.97 27.74 21.80 23.34 14.22 21.35 20.59 20.53 20.68 19.24
Operating Profit 8.14 9.28 8.15 6.48 7.49 4.14 3.27 1.48 3.70 5.40 4.11 3.33 2.60
OPM % 27.43% 26.74% 23.55% 19.97% 21.26% 15.96% 12.29% 9.43% 14.77% 20.78% 16.68% 13.87% 11.90%
0.01 -0.15 0.72 1.23 0.91 0.99 0.69 0.98 3.81 -0.94 1.51 1.32 1.54
Interest 0.47 0.51 0.56 0.46 0.50 0.44 0.42 0.38 0.54 0.58 0.56 0.63 0.44
Depreciation 1.07 1.36 1.09 1.14 1.15 1.35 1.34 1.35 1.34 1.43 1.29 1.31 1.30
Profit before tax 6.61 7.26 7.22 6.11 6.75 3.34 2.20 0.73 5.63 2.45 3.77 2.71 2.40
Tax % 8.47% 11.85% 14.68% 25.86% 30.37% 29.04% 19.09% -79.45% 15.63% 35.10% 18.57% 21.77% 12.08%
6.05 6.40 6.16 4.54 4.70 2.37 1.77 1.32 4.74 1.59 3.06 2.13 2.11
EPS in Rs 16.34 16.82 16.88 12.65 13.74 6.84 5.39 3.93 13.65 5.57 9.26 6.45 6.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
73.53 74.34 78.39 70.09 76.32 99.54 128.23 93.34 96.48
53.41 57.23 70.44 64.11 68.11 77.28 101.97 79.46 81.04
Operating Profit 20.12 17.11 7.95 5.98 8.21 22.26 26.26 13.88 15.44
OPM % 27.36% 23.02% 10.14% 8.53% 10.76% 22.36% 20.48% 14.87% 16.00%
2.59 3.17 2.97 0.98 3.75 1.80 3.85 4.53 3.43
Interest 1.03 1.50 1.00 1.50 2.23 1.67 1.96 1.93 2.21
Depreciation 2.21 2.95 2.74 2.72 4.62 4.58 4.74 5.46 5.33
Profit before tax 19.47 15.83 7.18 2.74 5.11 17.81 23.41 11.02 11.33
Tax % 35.18% 36.96% 24.51% -13.14% -10.96% 11.79% 24.13% 14.34%
12.62 9.98 5.40 3.10 5.67 15.73 17.76 9.44 8.89
EPS in Rs 38.19 30.99 15.92 7.90 13.89 42.09 50.08 28.53 27.66
Dividend Payout % 7.84% 9.67% 18.82% 25.29% 14.38% 18.98% 29.91% 52.49%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 7%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 22%
TTM: 34%
Stock Price CAGR
10 Years: 21%
5 Years: 23%
3 Years: 8%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 13%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.30 3.30 3.30 3.30 3.30 3.30 3.30 3.30 3.30
Reserves 47.47 57.54 61.62 65.32 68.94 81.51 93.54 105.37 108.64
4.24 11.86 4.56 3.11 7.26 13.51 9.07 11.95 6.91
8.25 12.22 12.19 10.48 20.84 16.88 18.91 9.77 10.58
Total Liabilities 63.26 84.92 81.67 82.21 100.34 115.20 124.82 130.39 129.43
9.71 16.59 16.97 16.66 24.13 22.04 23.51 29.89 29.76
CWIP 4.25 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 18.60 24.98 20.53 12.09 22.40 27.06 24.16 27.70 21.91
30.70 43.35 44.17 53.46 53.81 66.10 77.15 72.80 77.76
Total Assets 63.26 84.92 81.67 82.21 100.34 115.20 124.82 130.39 129.43

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15.62 4.03 3.12 -2.13 31.97 6.41 24.59 18.67
-13.94 -7.33 3.24 6.99 -20.73 -4.31 -0.57 -13.04
-1.12 4.85 -9.58 -3.14 1.33 -1.66 -12.35 -4.74
Net Cash Flow 0.56 1.56 -3.23 1.72 12.56 0.44 11.66 0.89

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 45.37 60.88 84.84 98.53 35.06 59.26 44.63 42.82
Inventory Days 181.34 294.20 155.04 276.70 229.93 201.92 137.48 206.26
Days Payable 31.66 52.74 41.23 39.61 43.85 38.24 33.60 31.84
Cash Conversion Cycle 195.05 302.34 198.65 335.62 221.14 222.93 148.51 217.24
Working Capital Days 103.40 137.77 151.00 219.81 128.84 145.57 105.15 137.06
ROCE % 22.62% 8.91% 6.14% 8.89% 20.15% 22.17% 9.23%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.92% 66.95% 66.95% 66.96% 66.96% 66.96% 66.98% 66.98% 66.98% 66.98% 66.98% 66.98%
0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.16% 2.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.89% 30.89% 33.05% 33.04% 33.04% 33.03% 33.02% 33.01% 33.00% 33.01% 33.01% 33.03%
No. of Shareholders 2,1802,1832,2002,2352,2662,3292,3402,3362,3072,6042,5912,723

* 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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