Poojawestern Metaliks Ltd
Originated in Jamnagar, India in the year 1991, Pooja Western Metaliks Ltd manufactures and imports Brass Plumbing Fittings, Brass Ingots, Brass Pipe inserts and Brass Sanitary fittings. [1]
Company has a strong customer base from India to Gulf, Middle East and now have increased its reach to Europe and America.[2]
- Market Cap ₹ 56.6 Cr.
- Current Price ₹ 55.8
- High / Low ₹ 58.0 / 26.3
- Stock P/E 33.1
- Book Value ₹ 13.0
- Dividend Yield 1.79 %
- ROCE 10.1 %
- ROE 8.93 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.30 times its book value
- Company has a low return on equity of 6.26% over last 3 years.
- Promoter holding has decreased over last 3 years: -8.15%
* 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: Non Ferrous Metals Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2.70 | 12.46 | 10.88 | 23.13 | 15.15 | 20.82 | 31.18 | 60.07 | |
| 2.38 | 11.55 | 9.70 | 21.64 | 13.97 | 18.92 | 28.08 | 55.73 | |
| Operating Profit | 0.32 | 0.91 | 1.18 | 1.49 | 1.18 | 1.90 | 3.10 | 4.34 |
| OPM % | 11.85% | 7.30% | 10.85% | 6.44% | 7.79% | 9.13% | 9.94% | 7.22% |
| 0.00 | 0.27 | 0.39 | 0.76 | 0.25 | 0.24 | 0.59 | 0.39 | |
| Interest | 0.10 | 0.69 | 0.65 | 0.62 | 0.55 | 0.56 | 1.08 | 1.30 |
| Depreciation | 0.05 | 0.40 | 0.59 | 0.59 | 0.55 | 0.52 | 1.14 | 1.20 |
| Profit before tax | 0.17 | 0.09 | 0.33 | 1.04 | 0.33 | 1.06 | 1.47 | 2.23 |
| Tax % | -5.88% | 66.67% | -18.18% | 26.92% | 27.27% | 27.36% | 27.89% | |
| 0.17 | 0.02 | 0.39 | 0.77 | 0.24 | 0.77 | 1.06 | 1.71 | |
| EPS in Rs | 0.33 | 0.02 | 0.39 | 0.76 | 0.24 | 0.76 | 1.05 | 1.67 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 95.66% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 10% |
| TTM: | 195% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 121% |
| 3 Years: | 11% |
| TTM: | 92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 30% |
| 1 Year: | 62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.55 | 5.07 | 5.07 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 |
| Reserves | 0.07 | 4.01 | 4.40 | 0.06 | 0.30 | 1.07 | 2.16 | 3.02 |
| 6.06 | 8.72 | 9.25 | 9.19 | 8.93 | 12.60 | 14.18 | 14.17 | |
| 1.07 | 0.51 | 1.31 | 1.39 | 1.11 | 1.37 | 2.69 | 2.06 | |
| Total Liabilities | 9.75 | 18.31 | 20.03 | 20.78 | 20.48 | 25.18 | 29.17 | 29.39 |
| 4.51 | 7.03 | 6.61 | 6.65 | 6.41 | 6.69 | 9.33 | 9.16 | |
| CWIP | 0.76 | 0.00 | 0.00 | 0.00 | 0.00 | 2.74 | 0.00 | 0.00 |
| Investments | 0.00 | 0.18 | 0.20 | 0.21 | 0.09 | 0.10 | 0.11 | 0.10 |
| 4.48 | 11.10 | 13.22 | 13.92 | 13.98 | 15.65 | 19.73 | 20.13 | |
| Total Assets | 9.75 | 18.31 | 20.03 | 20.78 | 20.48 | 25.18 | 29.17 | 29.39 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| 1.78 | -4.52 | 1.56 | 1.42 | 1.04 | 0.58 | 0.72 | |
| -1.12 | -2.41 | -0.15 | -0.58 | -0.23 | -3.71 | -1.13 | |
| -0.61 | 7.14 | -1.48 | -0.96 | -0.82 | 3.11 | 0.50 | |
| Net Cash Flow | 0.06 | 0.21 | -0.06 | -0.13 | -0.01 | -0.02 | 0.09 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 308.22 | 105.46 | 126.81 | 38.19 | 72.04 | 55.40 | 65.91 |
| Inventory Days | 248.62 | 130.68 | 263.92 | 181.58 | 285.49 | 246.85 | 150.53 |
| Days Payable | 77.58 | 15.24 | 46.65 | 20.33 | 18.45 | 20.63 | 19.55 |
| Cash Conversion Cycle | 479.26 | 220.90 | 344.07 | 199.43 | 339.08 | 281.62 | 196.88 |
| Working Capital Days | 428.54 | 274.48 | 349.90 | 178.16 | 298.26 | 237.90 | 190.81 |
| ROCE % | 5.89% | 5.20% | 8.71% | 4.54% | 7.50% | 10.06% |
Documents
Announcements
- Certificate Under Regulation 40 (9) Of The SEBI (LODR) Regulations, 2015 For The Year Ended On March 31, 2024 43m
-
Announcement-Regulation 30-Updates Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
1d - Company is participating into an exhibition named Hannover Messe 2024 to be held in Germany.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 2d
- Compliance Certificate In Pursuance Of Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 13 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Confirmation certificate and Details of share Certificate Dematerialized for the period ended on 31st March 2024 Received from RTA of the Company as per Regulation …
Business Overview:
Jamnagar is known as city of high quality custom brass parts and accessories. Jamnagar imports 95% of scrap from Europe, America and other countries. Jamnagar has more than 2000 small to large brass parts unit manufacturing units.[1]
Pooja Western has established a state-of-the-art foundry that has a daily capacity to produce tons of brass solids and hollow bars. Formulating the concept of ‘everything in one
roof’, the company has developed in house forging and machine turning facilities.[2]