Prima Industries Ltd
Incorporated in 1994, Prima Industries
Ltd manufactures Compounded Cattle
Feed and Solvent Extraction of Vegetable
Oils.[1]
- Market Cap ₹ 20.5 Cr.
- Current Price ₹ 19.0
- High / Low ₹ 26.0 / 13.6
- Stock P/E 31.5
- 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 0.88 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.5% over last 3 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
9.07 | 17.06 | 17.68 | 17.28 | 7.57 | 8.10 | |
6.24 | 14.22 | 13.37 | 14.55 | 6.70 | 6.86 | |
Operating Profit | 2.83 | 2.84 | 4.31 | 2.73 | 0.87 | 1.24 |
OPM % | 31.20% | 16.65% | 24.38% | 15.80% | 11.49% | 15.31% |
0.06 | 0.48 | 0.08 | 0.11 | 0.34 | 0.34 | |
Interest | 0.00 | 0.00 | 0.00 | 0.06 | 0.03 | 0.03 |
Depreciation | 0.72 | 0.73 | 0.74 | 0.83 | 0.82 | 0.73 |
Profit before tax | 2.17 | 2.59 | 3.65 | 1.95 | 0.36 | 0.82 |
Tax % | -3.23% | 0.00% | -3.29% | 21.54% | -25.00% | |
2.24 | 2.59 | 3.76 | 1.52 | 0.45 | 0.65 | |
EPS in Rs | 2.08 | 2.40 | 3.48 | 1.41 | 0.42 | 0.60 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -24% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -57% |
TTM: | 125% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 22% |
3 Years: | 8% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 12% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 23.00 | 23.00 | 23.00 | 11.80 | 11.80 | 23.00 |
Reserves | -10.07 | -7.93 | -3.41 | -1.11 | -0.56 | 0.36 |
Preference Capital | 11.20 | 11.20 | ||||
0.01 | 0.00 | 0.46 | 1.35 | 1.53 | 1.84 | |
0.91 | 1.14 | 1.79 | 13.08 | 12.62 | 1.47 | |
Total Liabilities | 13.85 | 16.21 | 21.84 | 25.12 | 25.39 | 26.67 |
7.50 | 6.98 | 6.96 | 6.15 | 6.54 | 6.14 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 3.85 | 4.06 | 9.02 | 11.79 | 11.84 | 12.64 |
2.50 | 5.17 | 5.86 | 7.18 | 7.01 | 7.89 | |
Total Assets | 13.85 | 16.21 | 21.84 | 25.12 | 25.39 | 26.67 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
0.32 | 1.53 | 3.42 | 0.78 | 0.94 | |
-0.67 | -0.61 | -4.59 | -1.72 | -1.11 | |
0.00 | 0.00 | 0.45 | 0.70 | 0.15 | |
Net Cash Flow | -0.35 | 0.93 | -0.72 | -0.25 | -0.02 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 13.28 | 10.27 | 8.26 | 8.03 | 8.20 |
Inventory Days | 116.60 | 33.69 | 16.53 | 21.83 | 471.83 |
Days Payable | 25.35 | 14.30 | 27.11 | 48.90 | 471.83 |
Cash Conversion Cycle | 104.53 | 29.65 | -2.32 | -19.04 | 8.20 |
Working Capital Days | 49.10 | 55.63 | 74.73 | 111.74 | 264.71 |
ROCE % | 0.38% |
Documents
Announcements
- Closure of Trading Window 22 Mar
- Announcement Under Regulation 30 Of SEBI (LODR), 2015 Regarding Issuance Of Letter/Notice To The Shareholders For Updation Of KYC Pursuant To SEBI Circulars- SEBI / HO / MIRSD / MIRSD _ RTAMB / P / CIR /2021 / 655 Dated November 03, 2021 Subsequently Amended By Circulars SEBI /HO /MIRSD /MIRSD_RTAMB / P / CIR / 2021 / 687 Dated December 14, 2021, SEBI/HO/MIRSD/MIRSD-Pod-1/P/CIR/2023/37 Dated March 16, 2023, SEBI/HO/MIRSD/POD-1/P/CIR/2023/158 Dated September 26, 2023 And SEBI / HO / MIRSD / POD -1 / P / CIR / 2023 / 181 Dated November 17, 2023. 27 Feb
-
Announcement under Regulation 30 (LODR)-Cessation
14 Feb - Announcement under Regulation 30 of SEBI(LODR), 2015 regarding the cessation of Mrs. Vanshika Rathi (DIN:07510075) as Independent Director due to tenure completion w.e.f., 14.02.2024.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Announcement under Regulation 30 of SEBI (LODR) 2015 regarding Newspaper publication of results for the quarter and nine months ended 31.12.2023.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
12 Feb - Completion of tenure of Mrs. Vanshika Rathi (DIN:07510075) and appointment of Mrs. Neethu Subramoniyan (DIN:08788544) as Additional Director (Non Executive and Independent).
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
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.