Prima Industries Ltd
₹ 24.6
2.25%
25 Apr
- close price
About
Incorporated in 1994, Prima Industries
Ltd manufactures Compounded Cattle
Feed and Solvent Extraction of Vegetable
Oils.[1]
Key Points
- Market Cap ₹ 26.5 Cr.
- Current Price ₹ 24.6
- High / Low ₹ 31.0 / 13.6
- Stock P/E 40.8
- Book Value ₹ 21.6
- Dividend Yield 0.00 %
- ROCE 0.38 %
- ROE 1.82 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.14 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -22.8% over past five years.
- Working capital days have increased from 150 days to 265 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.
Peer comparison
Sector: Edible Oil Industry: Solvent Extraction
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.57 | 13.49 | 24.55 | 23.47 | 15.09 | 8.42 | 27.58 | 9.07 | 17.06 | 17.68 | 17.28 | 7.57 | 8.10 | |
| 7.10 | 14.21 | 23.12 | 23.02 | 14.62 | 6.71 | 25.77 | 6.25 | 14.21 | 13.37 | 14.55 | 6.70 | 6.86 | |
| Operating Profit | -0.53 | -0.72 | 1.43 | 0.45 | 0.47 | 1.71 | 1.81 | 2.82 | 2.85 | 4.31 | 2.73 | 0.87 | 1.24 |
| OPM % | -8.07% | -5.34% | 5.82% | 1.92% | 3.11% | 20.31% | 6.56% | 31.09% | 16.71% | 24.38% | 15.80% | 11.49% | 15.31% |
| 1.89 | 0.99 | 0.17 | 0.13 | 0.02 | 0.03 | 0.17 | 0.06 | 0.48 | 0.08 | 0.11 | 0.34 | 0.34 | |
| Interest | 0.52 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.03 | 0.03 |
| Depreciation | 1.01 | 1.05 | 0.99 | 0.90 | 0.74 | 0.71 | 0.71 | 0.72 | 0.73 | 0.74 | 0.83 | 0.82 | 0.73 |
| Profit before tax | -0.17 | -0.80 | 0.61 | -0.32 | -0.25 | 1.03 | 1.27 | 2.16 | 2.60 | 3.65 | 1.95 | 0.36 | 0.82 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.97% | -3.15% | -3.24% | -3.85% | -3.29% | 21.54% | -25.00% | |
| -0.17 | -0.81 | 0.62 | -0.32 | -0.25 | 1.04 | 1.31 | 2.24 | 2.69 | 3.76 | 1.52 | 0.45 | 0.65 | |
| EPS in Rs | -0.13 | -0.75 | 0.57 | -0.30 | -0.23 | 0.96 | 1.21 | 2.08 | 2.49 | 3.48 | 1.41 | 0.42 | 0.60 |
| Dividend Payout % | 0.00% | 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: | -6% |
| 5 Years: | -23% |
| 3 Years: | -24% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -31% |
| 3 Years: | -56% |
| TTM: | 125% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 27% |
| 3 Years: | 15% |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 20% |
| Last Year: | 2% |
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 | 11.76 | 10.79 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 11.80 | 23.00 |
| Reserves | -15.90 | -15.18 | -14.56 | -14.92 | -15.17 | -14.12 | -12.47 | -10.07 | -7.93 | -3.41 | -1.11 | -0.56 | 0.36 |
| Preference Capital | 5.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | 11.20 | |
| 3.96 | 0.03 | 0.03 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.00 | 0.56 | 1.35 | 1.53 | 1.84 | |
| 15.49 | 17.57 | 15.97 | 16.04 | 16.87 | 14.69 | 14.14 | 12.11 | 12.34 | 12.89 | 13.08 | 12.62 | 1.47 | |
| Total Liabilities | 15.31 | 13.21 | 13.24 | 12.94 | 13.53 | 12.38 | 13.48 | 13.85 | 16.21 | 21.84 | 25.12 | 25.39 | 26.67 |
| 9.90 | 9.05 | 10.80 | 9.91 | 9.17 | 8.56 | 7.98 | 7.50 | 6.98 | 6.96 | 6.15 | 6.54 | 6.14 | |
| CWIP | 0.50 | 1.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.70 | 1.22 | 1.82 | 3.18 | 3.85 | 4.06 | 9.02 | 11.79 | 11.84 | 12.64 |
| 4.91 | 2.53 | 2.44 | 2.33 | 3.14 | 2.00 | 2.32 | 2.50 | 5.17 | 5.86 | 7.18 | 7.01 | 7.89 | |
| Total Assets | 15.31 | 13.21 | 13.24 | 12.94 | 13.53 | 12.38 | 13.48 | 13.85 | 16.21 | 21.84 | 25.12 | 25.39 | 26.67 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.16 | -3.72 | 1.13 | 0.73 | 0.64 | 0.99 | 1.27 | 0.32 | 1.53 | 3.47 | 0.78 | 0.94 | |
| -0.72 | -1.34 | -1.10 | -0.74 | -0.52 | -0.69 | -1.09 | -0.67 | -0.61 | -4.66 | -1.72 | -1.11 | |
| -0.42 | 5.11 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.47 | 0.70 | 0.15 | |
| Net Cash Flow | 0.02 | 0.05 | 0.03 | -0.02 | 0.12 | 0.30 | 0.18 | -0.35 | 0.93 | -0.72 | -0.25 | -0.02 |
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 | 122.78 | 24.35 | 17.69 | 22.08 | 6.77 | 27.74 | 8.34 | 13.28 | 10.27 | 7.64 | 8.03 | 8.20 |
| Inventory Days | 156.84 | 27.46 | 1.81 | 3.98 | 10.46 | 51.90 | 5.74 | 116.60 | 33.69 | 16.53 | 21.83 | 471.83 |
| Days Payable | 161.83 | 48.22 | 2.53 | 3.41 | 1.44 | 24.22 | 0.90 | 25.35 | 14.30 | 27.11 | 48.90 | 471.83 |
| Cash Conversion Cycle | 117.79 | 3.59 | 16.97 | 22.65 | 15.79 | 55.42 | 13.18 | 104.53 | 29.65 | -2.94 | -19.04 | 8.20 |
| Working Capital Days | -383.33 | -79.28 | -36.72 | -41.21 | -68.69 | -90.60 | -18.26 | 49.50 | 55.63 | 74.11 | 111.74 | 264.71 |
| ROCE % | -23.79% | -24.96% | 7.97% | -3.86% | -3.13% | 12.30% | 13.07% | 18.40% | 15.64% | 20.33% | 8.90% | 0.38% |
Documents
Announcements
- Reply To Clarification On Significant Movement Of Price Sought By The Exchange. 19 Apr
-
Clarification sought from Prima Industries Ltd
18 Apr - Exchange has sought clarification from Prima Industries Ltd on April 18, 2024 with reference to significant movement in price, in order to ensure that investors …
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 6 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Of certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 as received from the Registrar and Share Transfer Agent of the Company for the quarter …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Divisions:[1]
a) Solvent Extraction:
The Solvent Extraction Plant process
all types of oil cakes and other oil-bearing materials. It extracts oil from oil cakes using the Solvent Extraction technique, processes the
Coconut Oil Cake for the production of
Coconut Oil as per the specifications based on its clients. This project functions towards backward integration as the by-products produced in this plant such as De Oiled Cake (both flake and powder) would be consumed for its Animal Feed Unit.
b) Edible Oil Refinery Division:
The Refinery Unit is in the business of refining
Edible oils on Job work contract basis with
its client, Mahalakshmi Oils Private Limited. This unit produces refined Palm Kernel Oil through processes like neutralization, bleaching, filtration, deodorization, filtration, etc. By-products of this unit are Soap Stocks, Acid Oil, and Fatty Acid.
c) Animal Feed Division:
Company is having a factory in Kanjikode
with facilities for the manufacture of Ready-
mixed Compound Cattle Feed, in pellet
form; which it does on Job Contract basis for KSE Limited. Capacity utilization is around 70% of the installed capacities and the bulk of the capacity utilization is for conversion contracts.