Panabyte Technologies Ltd

Panabyte Technologies Ltd

₹ 25.8 2.18%
17 May - close price
About

Incorporated in 1981, Panache Innovations Ltd is engaged in multi-product distribution viz., Consumer Electronic & Electrical Goods and IT Hardware & its peripherals and Sanitary products

Key Points

Business Overview:[1][2]
Company designs ICT & IoT devices, and is involved in manufacturing, distribution and services. It offers solutions in Smart Computing Devices & Virtualization, Smart & AI based Digital Classrooms, Smart & Connected Cars, Smart Asset Mgmt., Retail IoT, Healthy Living Solutions, AV and Pen Display Solutions, Smart Water and other contract manufacturing OEM/ODM and electronic manufacturing opportunities. Company is also engaged in multi- product distribution such as Telecom Products, IT Products, Accessories, LED Lighting Products, Batteries, Power Banks, Audio Products, Torches/Flashlights, Electrical Products, Phones, facilitating Project based Services, AMC of Large Corporates, CCTV Surveillance

  • Market Cap 11.3 Cr.
  • Current Price 25.8
  • High / Low 30.4 / 13.3
  • Stock P/E
  • Book Value 5.72
  • Dividend Yield 0.00 %
  • ROCE 2.26 %
  • ROE -3.80 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.50 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -13.9%
  • The company has delivered a poor sales growth of -24.0% over past five years.
  • Promoter holding is low: 17.0%
  • Company has a low return on equity of -2.33% over last 3 years.
  • Company has high debtors of 188 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
2.33 2.74 1.96 2.16 2.44 1.94 2.61 4.53 0.93 0.80 0.79 0.67 0.96
2.62 2.37 1.94 2.16 2.43 1.95 2.56 4.40 1.11 0.78 0.99 0.80 1.05
Operating Profit -0.29 0.37 0.02 0.00 0.01 -0.01 0.05 0.13 -0.18 0.02 -0.20 -0.13 -0.09
OPM % -12.45% 13.50% 1.02% 0.00% 0.41% -0.52% 1.92% 2.87% -19.35% 2.50% -25.32% -19.40% -9.38%
0.07 0.07 0.08 0.09 0.08 0.06 0.05 0.06 0.06 -0.28 0.06 0.06 0.06
Interest 0.06 0.05 0.06 0.06 0.06 0.07 0.06 0.10 0.12 0.11 0.11 0.11 0.13
Depreciation 0.01 0.01 0.01 0.01 0.01 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Profit before tax -0.29 0.38 0.03 0.02 0.02 -0.04 0.01 0.06 -0.27 -0.40 -0.28 -0.21 -0.19
Tax % 48.28% 23.68% 33.33% 100.00% 0.00% 50.00% 100.00% 0.00% 25.93% 25.00% 25.00% -9.52% 42.11%
-0.15 0.29 0.02 0.00 0.02 -0.03 0.00 0.05 -0.20 -0.30 -0.21 -0.23 -0.10
EPS in Rs -0.34 0.66 0.05 0.00 0.05 -0.07 0.00 0.11 -0.46 -0.68 -0.48 -0.52 -0.23
Raw PDF
Upcoming result date: tomorrow

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
0.00 0.15 1.10 2.31 1.45 10.88 34.89 8.32 15.12 9.81 8.38 8.87 3.22
0.02 0.12 1.02 2.42 1.40 10.73 34.64 8.43 15.25 9.95 8.31 8.83 3.62
Operating Profit -0.02 0.03 0.08 -0.11 0.05 0.15 0.25 -0.11 -0.13 -0.14 0.07 0.04 -0.40
OPM % 20.00% 7.27% -4.76% 3.45% 1.38% 0.72% -1.32% -0.86% -1.43% 0.84% 0.45% -12.42%
0.05 0.00 0.01 0.19 0.59 0.20 0.15 0.29 0.27 0.27 0.31 -0.11 -0.10
Interest 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.00 0.10 0.25 0.30 0.41 0.46
Depreciation 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.06 0.12 0.12
Profit before tax 0.03 0.02 0.09 0.07 0.64 0.34 0.37 0.17 0.02 -0.14 0.02 -0.60 -1.08
Tax % 0.00% 50.00% 33.33% 14.29% 0.00% 20.59% 21.62% 29.41% -100.00% 35.71% 50.00% 26.67%
0.03 0.01 0.06 0.06 0.64 0.28 0.29 0.13 0.04 -0.10 0.01 -0.45 -0.84
EPS in Rs 1.25 0.42 0.14 0.14 1.46 0.64 0.66 0.30 0.09 -0.23 0.02 -1.03 -1.91
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 78.39% 75.69% 84.42% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 50%
5 Years: -24%
3 Years: -16%
TTM: -68%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -183%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 19%
1 Year: 52%
Return on Equity
10 Years: 2%
5 Years: 0%
3 Years: -2%
Last Year: -4%

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 0.24 0.24 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39 4.39
Reserves 0.05 0.06 0.12 0.18 0.81 -0.84 -0.84 -0.83 -0.97 -1.05 -1.03 -1.44 -1.88
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.96 2.38 2.71 3.36 3.27
0.00 0.13 0.04 0.60 0.33 11.60 13.20 3.90 7.90 6.12 5.68 6.54 6.37
Total Liabilities 0.29 0.43 4.55 5.17 5.53 15.15 16.75 7.46 13.28 11.84 11.75 12.85 12.15
0.00 0.01 0.11 0.11 0.10 0.07 0.07 0.05 0.05 0.16 0.42 0.30 0.24
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.01 2.85 3.80 3.17 1.35 1.13 0.20 0.10 0.00 0.00 0.00 0.03
0.28 0.41 1.59 1.26 2.26 13.73 15.55 7.21 13.13 11.68 11.33 12.55 11.88
Total Assets 0.29 0.43 4.55 5.17 5.53 15.15 16.75 7.46 13.28 11.84 11.75 12.85 12.15

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
-0.12 0.03 -0.78 0.86 -1.37 -0.11 0.81 -0.93 -1.07 -0.36 -0.42 -0.21
0.12 -0.01 -2.93 -0.78 1.37 0.39 -0.67 1.11 -0.71 0.12 0.54 -0.05
0.00 0.00 4.10 -0.24 0.06 -0.53 -0.19 -0.18 -0.05 0.04 -0.07 0.23
Net Cash Flow 0.00 0.02 0.39 -0.17 0.07 -0.25 -0.05 0.00 -1.83 -0.19 0.05 -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 48.67 9.95 4.74 90.62 294.21 128.99 172.41 159.57 168.92 187.29 188.06
Inventory Days 0.00 36.50 15.64 29.59 123.37 14.60
Days Payable 0.00 31.29 42.75 401.14 1,342.08
Cash Conversion Cycle 48.67 46.45 -10.90 77.47 16.45 -1,198.49 172.41 159.57 168.92 187.29 188.06
Working Capital Days 632.67 368.32 37.92 438.00 68.10 2.51 143.89 123.60 203.52 243.04 237.85
ROCE % -3.64% 6.78% 3.74% 0.88% 2.87% 7.77% 11.27% 4.78% 3.58% 1.62% 5.43% 2.26%

Shareholding Pattern

Numbers in percentages

46 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
30.75% 30.75% 32.97% 32.97% 32.97% 32.97% 32.97% 32.97% 32.97% 32.97% 30.96% 17.03%
69.25% 69.25% 67.03% 67.03% 67.03% 67.02% 67.03% 67.04% 67.04% 67.04% 69.04% 82.98%
No. of Shareholders 7397807948198158388598498468549151,474

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