Praveg Ltd

Praveg Ltd

₹ 980 -0.50%
28 Mar 2:02 p.m.
About

Incorporated in 2016 after the merger of Praveg Communications Limited with Sword and Shield Pharma limited; Praveg Communications (India) Limited is an advertising company with core competence in Exhibition and Event Management. The company is also engaged into providing services to the Hospitality sector, Publications and Real Estate marketing.
The company has set up its branches nationally and internationally.

Key Points

Business Offerings
Praveg is into Tourism, Hospitality and Event & Exhibition with more than 20 years of experience.

  • Market Cap 2,256 Cr.
  • Current Price 980
  • High / Low 1,300 / 440
  • Stock P/E 136
  • Book Value 72.8
  • Dividend Yield 0.45 %
  • ROCE 56.3 %
  • ROE 43.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 48.4%
  • Company has been maintaining a healthy dividend payout of 64.2%

Cons

  • Stock is trading at 13.5 times its book value
  • Promoter holding has decreased over last quarter: -3.77%

* 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: Hotels & Restaurants Industry: Hotels

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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
17.98 21.96 3.63 8.91 15.82 16.88 20.05 17.32 28.38 18.72 11.97 14.03 33.07
10.81 14.42 2.78 5.81 7.54 9.40 11.40 7.78 11.30 9.08 7.51 10.16 20.70
Operating Profit 7.17 7.54 0.85 3.10 8.28 7.48 8.65 9.54 17.08 9.64 4.46 3.87 12.37
OPM % 39.88% 34.34% 23.42% 34.79% 52.34% 44.31% 43.14% 55.08% 60.18% 51.50% 37.26% 27.58% 37.41%
0.04 0.08 0.03 0.00 0.01 0.01 0.01 0.01 0.09 0.28 0.48 0.60 0.90
Interest 0.06 0.18 0.11 0.14 0.13 0.12 0.12 0.12 0.21 0.24 0.06 0.09 0.58
Depreciation 0.34 0.62 0.26 0.70 0.85 0.88 0.97 1.34 1.52 2.26 3.24 2.26 3.84
Profit before tax 6.81 6.82 0.51 2.26 7.31 6.49 7.57 8.09 15.44 7.42 1.64 2.12 8.85
Tax % 25.11% 23.90% 25.49% 25.22% 25.03% 27.73% 25.23% 25.09% 25.19% 30.32% 28.66% 0.94% 8.47%
5.09 5.19 0.39 1.69 5.48 4.69 5.65 6.05 11.56 5.17 1.17 2.10 8.10
EPS in Rs 2.75 2.81 0.21 0.91 2.96 2.54 3.06 3.27 5.53 2.47 0.53 0.93 3.55
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
60 60 45 45 84 78
56 53 29 26 40 47
Operating Profit 4 6 16 20 45 30
OPM % 7% 11% 35% 44% 53% 39%
1 0 0 0 0 2
Interest 0 1 0 0 1 1
Depreciation 0 1 2 3 6 12
Profit before tax 4 5 14 17 39 20
Tax % 30% 27% 25% 26% 26%
3 4 11 12 28 17
EPS in Rs 5.30 2.05 5.81 6.62 13.59 7.48
Dividend Payout % 0% 73% 69% 91% 33%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 96%
TTM: -41%
Stock Price CAGR
10 Years: %
5 Years: 225%
3 Years: 142%
1 Year: 121%
Return on Equity
10 Years: %
5 Years: %
3 Years: 48%
Last Year: 43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 18 18 18 21 23
Reserves 7 -4 1 9 84 144
4 2 4 6 2 2
6 8 4 5 19 16
Total Liabilities 21 25 27 38 126 183
3 3 5 8 34 67
CWIP 0 0 0 3 8 18
Investments 0 0 0 0 0 0
19 22 21 27 83 98
Total Assets 21 25 27 38 126 183

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 6 15 7 25
-2 -1 -0 -13 -73
-0 -3 -8 -2 52
Net Cash Flow 1 2 6 -9 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 79 86 47 110 70
Inventory Days
Days Payable
Cash Conversion Cycle 79 86 47 110 70
Working Capital Days 64 58 61 131 114
ROCE % 36% 74% 61% 56%

Shareholding Pattern

Numbers in percentages

19 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Feb 2024
73.97% 74.02% 73.97% 74.17% 74.31% 65.37% 62.00% 62.00% 57.56% 55.01% 54.53% 50.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.34% 3.01% 3.86% 5.14% 5.88% 3.78%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 3.39%
25.99% 25.94% 25.99% 25.79% 25.65% 34.59% 35.63% 34.96% 38.55% 39.82% 39.57% 42.06%
No. of Shareholders 3,1734,6644,4904,6324,3786,5177,08211,55611,23813,27617,66467,550

* 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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