Pokarna Ltd

Pokarna Ltd

₹ 1,084 -0.14%
06 Jun - close price
About

Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]

Key Points

Business Segments
1) Quartz Surfaces (97% in 9M FY25 vs 89% in FY22): [1] [2] The company’s WOS Pokarna Engineered Stone Ltd (PESL) is India’s largest exporter of premium quartz surfaces, offering 100+ quartz designs including Moon Walk, Champs-Elysees, Pirouette, La Dolce Vita, Pantheon, etc under the Quantra brand. [3] [4] The segment revenue grew by 31% YoY in 9M FY25, driven by a strong demand for high-value engineered stone products. [5]

  • Market Cap 3,361 Cr.
  • Current Price 1,084
  • High / Low 1,452 / 622
  • Stock P/E
  • Book Value 35.9
  • Dividend Yield 0.06 %
  • ROCE -1.17 %
  • ROE -6.02 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 65.4%

Cons

  • Stock is trading at 30.2 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.7% over past five years.
  • Company has a low return on equity of -3.17% over last 3 years.
  • Earnings include an other income of Rs.9.63 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
12.60 20.70 12.73 8.52 18.59 16.61 9.83 5.38 6.40 5.98 8.53 6.67 7.82
13.25 16.68 11.33 9.84 13.06 14.09 11.24 8.66 7.30 7.99 9.70 8.21 8.99
Operating Profit -0.65 4.02 1.40 -1.32 5.53 2.52 -1.41 -3.28 -0.90 -2.01 -1.17 -1.54 -1.17
OPM % -5.16% 19.42% 11.00% -15.49% 29.75% 15.17% -14.34% -60.97% -14.06% -33.61% -13.72% -23.09% -14.96%
0.35 0.05 2.92 0.05 -0.25 -0.32 5.16 0.83 -0.58 0.17 4.43 0.75 4.29
Interest 1.18 1.09 0.96 1.15 0.97 1.05 1.08 0.94 0.99 1.08 1.16 0.98 1.07
Depreciation 2.21 2.18 2.15 2.05 1.64 1.64 1.86 1.54 1.98 2.00 1.18 1.14 1.11
Profit before tax -3.69 0.80 1.21 -4.47 2.67 -0.49 0.81 -4.93 -4.45 -4.92 0.92 -2.91 0.94
Tax % -15.18% 21.25% -10.74% -15.21% 4.12% -30.61% 24.69% -26.98% -23.15% -25.20% 280.43% -26.80% 25.53%
-3.12 0.63 1.34 -3.79 2.56 -0.33 0.61 -3.60 -3.42 -3.68 -1.66 -2.12 0.70
EPS in Rs -1.01 0.20 0.43 -1.22 0.83 -0.11 0.20 -1.16 -1.10 -1.19 -0.54 -0.68 0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
164.49 188.73 190.48 144.63 153.97 144.69 76.86 76.69 69.35 57.92 37.97 29.01
137.75 144.51 144.03 114.58 120.68 115.26 67.34 63.14 56.24 48.01 40.53 34.87
Operating Profit 26.74 44.22 46.45 30.05 33.29 29.43 9.52 13.55 13.11 9.91 -2.56 -5.86
OPM % 16.26% 23.43% 24.39% 20.78% 21.62% 20.34% 12.39% 17.67% 18.90% 17.11% -6.74% -20.20%
1.27 5.30 4.45 5.21 2.32 1.36 0.83 2.24 0.60 1.12 4.09 9.63
Interest 11.04 12.96 13.29 7.64 8.45 6.09 5.89 4.72 4.38 3.89 4.00 4.30
Depreciation 9.73 11.24 9.88 8.54 9.82 14.71 12.23 10.14 8.96 6.95 6.77 5.42
Profit before tax 7.24 25.32 27.73 19.08 17.34 9.99 -7.77 0.93 0.37 0.19 -9.24 -5.95
Tax % 32.60% 35.82% 37.83% 34.91% 28.78% 31.23% -38.22% 69.89% 75.68% -289.47% -27.16% 13.45%
4.88 16.25 17.25 12.42 12.34 6.88 -4.81 0.29 0.08 0.74 -6.74 -6.76
EPS in Rs 1.57 5.24 5.56 4.01 3.98 2.22 -1.55 0.09 0.03 0.24 -2.17 -2.18
Dividend Payout % 25.41% 11.45% 35.94% 14.98% 15.07% 27.03% -38.67% 641.38% 2,325.00% 251.35% -27.60% -27.51%
Compounded Sales Growth
10 Years: -17%
5 Years: -18%
3 Years: -25%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: -11%
3 Years: %
TTM: 5%
Stock Price CAGR
10 Years: 19%
5 Years: 57%
3 Years: 31%
1 Year: 77%
Return on Equity
10 Years: 3%
5 Years: -2%
3 Years: -3%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20
Reserves 87.67 99.95 109.73 116.57 127.12 132.28 125.34 123.97 122.99 122.26 113.57 105.17
108.91 100.39 82.45 85.60 80.06 55.64 50.30 52.85 47.87 44.80 42.77 41.21
60.61 55.50 58.95 42.63 34.69 30.07 30.72 30.40 27.35 21.56 13.46 13.42
Total Liabilities 263.39 262.04 257.33 251.00 248.07 224.19 212.56 213.42 204.41 194.82 176.00 166.00
85.30 83.34 86.87 112.37 113.43 100.61 95.90 87.17 80.29 73.61 62.81 55.07
CWIP 1.56 4.37 13.34 1.88 1.56 2.19 2.34 1.28 0.79 0.21 0.00 0.00
Investments 61.16 61.16 61.16 61.16 61.16 61.16 61.16 61.16 61.16 61.16 61.16 61.16
115.37 113.17 95.96 75.59 71.92 60.23 53.16 63.81 62.17 59.84 52.03 49.77
Total Assets 263.39 262.04 257.33 251.00 248.07 224.19 212.56 213.42 204.41 194.82 176.00 166.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-7.13 13.88 53.52 38.24 27.53 36.30 16.05 11.78 12.71 5.93 0.98 -3.84
-10.89 7.31 -19.33 -24.80 -9.94 -1.62 0.19 -1.54 -0.96 2.44 5.69 11.13
15.80 -21.76 -32.86 -13.04 -11.15 -30.63 -24.09 -7.78 -11.85 -15.26 -8.08 -8.27
Net Cash Flow -2.22 -0.58 1.33 0.40 6.44 4.05 -7.85 2.47 -0.10 -6.90 -1.42 -0.98

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 76.93 75.37 61.89 51.96 53.17 32.84 36.61 52.78 40.58 58.92 62.39 60.77
Inventory Days 369.14 409.22 594.37 803.05 533.76 488.23 1,579.52 1,823.93 1,596.57 1,216.35 3,163.75
Days Payable 169.90 196.60 210.15 282.37 182.96 124.91 451.79 348.38 190.61 193.49 512.50
Cash Conversion Cycle 276.18 287.98 446.12 572.64 403.97 396.17 1,164.34 1,528.33 40.58 1,464.88 1,085.25 2,712.02
Working Capital Days 10.16 76.90 17.00 34.17 49.36 36.05 105.33 150.68 164.26 209.85 280.60 373.68
ROCE % 9.75% 18.70% 20.26% 13.11% 12.20% 7.88% -1.01% 3.07% 2.64% 3.39% -1.36% -1.17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
2.77% 2.82% 3.65% 3.63% 3.66% 3.95% 4.05% 4.27% 5.32% 5.34% 6.02% 6.60%
9.86% 9.89% 10.19% 10.34% 10.34% 10.38% 10.25% 11.16% 13.14% 14.09% 14.50% 15.23%
30.71% 30.63% 29.49% 29.36% 29.34% 29.00% 29.03% 27.93% 24.89% 23.90% 22.83% 21.51%
No. of Shareholders 19,61320,92619,36419,23918,71418,34419,70920,68219,27419,98921,18622,737

* 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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