Poojawestern Metaliks Ltd

Poojawes. Metal. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Poojawestern Metaliks Ltd

₹ 43.7 6.02%
04 Oct 4:01 p.m.
poojametal.com BSE: 540727
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 44.3 Cr.
  • Current Price ₹ 43.7
  • High / Low ₹ 66.2 / 26.3
  • Stock P/E 28.6
  • Book Value ₹ 12.8
  • Dividend Yield 2.29 %
  • ROCE 13.0 %
  • ROE 13.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 51.2%
  • Company's working capital requirements have reduced from 188 days to 135 days

Cons

  • Stock is trading at 3.40 times its book value
  • Company has a low return on equity of 10.1% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
4.06 6.55 6.24 3.96 7.00 5.14 4.25 14.79 15.16 14.56 15.56 16.01 6.28
3.71 6.15 5.57 3.46 6.59 4.40 3.52 13.57 14.09 13.62 14.45 14.98 5.63
Operating Profit 0.35 0.40 0.67 0.50 0.41 0.74 0.73 1.22 1.07 0.94 1.11 1.03 0.65
OPM % 8.62% 6.11% 10.74% 12.63% 5.86% 14.40% 17.18% 8.25% 7.06% 6.46% 7.13% 6.43% 10.35%
0.01 0.03 0.11 0.08 0.25 0.13 0.06 0.15 0.05 0.14 0.05 0.54 0.27
Interest 0.12 0.10 0.18 0.16 0.22 0.23 0.28 0.35 0.31 0.33 0.31 0.49 0.31
Depreciation 0.14 0.14 0.11 0.13 0.25 0.28 0.23 0.38 0.26 0.29 0.27 0.27 0.25
Profit before tax 0.10 0.19 0.49 0.29 0.19 0.36 0.28 0.64 0.55 0.46 0.58 0.81 0.36
Tax % 30.00% 26.32% 26.53% 31.03% -15.79% 36.11% 17.86% 42.19% 12.73% 15.22% 17.24% 49.38% 22.22%
0.08 0.14 0.36 0.20 0.23 0.23 0.23 0.38 0.48 0.38 0.47 0.41 0.29
EPS in Rs 0.08 0.14 0.35 0.20 0.23 0.23 0.23 0.37 0.47 0.37 0.46 0.40 0.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2.70 12.46 10.88 23.13 15.15 20.82 31.10 61.28 52.41
2.38 11.55 9.70 21.64 13.97 18.92 28.00 57.14 48.68
Operating Profit 0.32 0.91 1.18 1.49 1.18 1.90 3.10 4.14 3.73
OPM % 11.85% 7.30% 10.85% 6.44% 7.79% 9.13% 9.97% 6.76% 7.12%
-0.00 0.27 0.39 0.76 0.25 0.24 0.59 0.78 1.00
Interest 0.10 0.69 0.65 0.62 0.55 0.56 1.08 1.43 1.44
Depreciation 0.05 0.40 0.59 0.59 0.55 0.52 1.14 1.10 1.08
Profit before tax 0.17 0.09 0.33 1.04 0.33 1.06 1.47 2.39 2.21
Tax % -5.88% 66.67% -18.18% 26.92% 27.27% 27.36% 27.89% 27.20%
0.17 0.02 0.39 0.77 0.24 0.77 1.06 1.75 1.55
EPS in Rs 0.33 0.02 0.39 0.76 0.24 0.76 1.05 1.73 1.52
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 95.66% 57.94%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 59%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 94%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 12%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 2.89
6.06 8.72 9.25 9.19 8.93 12.60 14.18 19.25
1.07 0.51 1.31 1.39 1.11 1.37 2.69 2.80
Total Liabilities 9.75 18.31 20.03 20.78 20.48 25.18 29.17 35.08
4.51 7.03 6.61 6.65 6.41 6.69 9.33 8.75
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 0.12
4.48 11.10 13.22 13.92 13.98 15.65 19.73 26.21
Total Assets 9.75 18.31 20.03 20.78 20.48 25.18 29.17 35.08

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.78 -4.52 1.56 1.42 1.04 0.58 0.72 -2.24
-1.12 -2.41 -0.15 -0.58 -0.23 -3.71 -1.13 -0.26
-0.61 7.14 -1.48 -0.96 -0.82 3.11 0.50 2.62
Net Cash Flow 0.06 0.21 -0.06 -0.13 -0.01 -0.02 0.09 0.12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 308.22 105.46 126.81 38.19 72.04 55.40 66.08 48.48
Inventory Days 248.62 130.68 263.92 181.58 285.49 246.85 150.53 109.83
Days Payable 77.58 15.24 46.65 20.33 18.45 20.63 19.55 13.69
Cash Conversion Cycle 479.26 220.90 344.07 199.43 339.08 281.62 197.05 144.62
Working Capital Days 428.54 274.48 349.90 178.16 298.26 237.90 191.30 135.27
ROCE % 5.89% 5.20% 8.71% 4.54% 7.50% 10.06% 13.00%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.30% 70.30% 70.30% 70.43% 70.43% 70.58% 70.58% 70.68% 67.00% 62.34% 62.09% 62.09%
29.70% 29.71% 29.69% 29.57% 29.56% 29.43% 29.43% 29.31% 33.00% 37.67% 37.90% 37.92%
No. of Shareholders 988610,2528,6758,5058,1867,9547,7587,6978,0097,7397,550

Documents

Announcements

Annual reports

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