GMM Pfaudler Ltd
GMM Pfaudler manufactures corrosion resistant glass-lined equipments [1]. It is a leading supplier of process equipments to the pharmaceutical and chemical industries [2]. Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipments.
- Market Cap ₹ 5,266 Cr.
- Current Price ₹ 1,171
- High / Low ₹ 1,531 / 953
- Stock P/E 125
- Book Value ₹ 175
- Dividend Yield 0.17 %
- ROCE 8.22 %
- ROE 5.50 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 57.2 to 43.6 days.
Cons
- Stock is trading at 6.71 times its book value
- Promoter holding is low: 25.2%
- Company has a low return on equity of 8.57% over last 3 years.
- Promoter holding has decreased over last 3 years: -29.8%
* 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: Capital Goods-Non Electrical Equipment Industry: Engineering
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
201 | 224 | 230 | 266 | 312 | 419 | 516 | 641 | 815 | 1,075 | 1,031 | 921 | |
174 | 193 | 198 | 226 | 266 | 353 | 416 | 487 | 643 | 903 | 892 | 811 | |
Operating Profit | 27 | 31 | 32 | 41 | 46 | 66 | 100 | 154 | 172 | 171 | 139 | 110 |
OPM % | 13% | 14% | 14% | 15% | 15% | 16% | 19% | 24% | 21% | 16% | 13% | 12% |
3 | 3 | 3 | 5 | 7 | 7 | 5 | 8 | 4 | 23 | 2 | 6 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 15 | 27 | 34 | 29 |
Depreciation | 7 | 8 | 7 | 7 | 8 | 10 | 20 | 29 | 34 | 36 | 37 | 31 |
Profit before tax | 22 | 26 | 28 | 38 | 44 | 61 | 82 | 126 | 127 | 131 | 70 | 56 |
Tax % | 34% | 34% | 34% | 31% | 35% | 34% | 24% | 24% | 25% | 25% | 27% | 25% |
14 | 17 | 18 | 26 | 28 | 41 | 62 | 95 | 95 | 99 | 51 | 42 | |
EPS in Rs | 3.26 | 3.92 | 4.18 | 5.94 | 6.46 | 9.26 | 14.15 | 21.66 | 21.63 | 22.01 | 11.36 | 9.40 |
Dividend Payout % | 31% | 25% | 24% | 22% | 21% | 16% | 12% | 8% | 9% | 9% | 18% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 12% |
3 Years: | 4% |
TTM: | -11% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | -8% |
3 Years: | -24% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | -2% |
3 Years: | -9% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 13% |
3 Years: | 9% |
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 |
Reserves | 114 | 125 | 138 | 162 | 183 | 215 | 268 | 354 | 442 | 699 | 742 | 776 |
0 | 0 | 0 | 0 | 0 | 0 | 34 | 123 | 140 | 337 | 287 | 238 | |
69 | 62 | 55 | 84 | 101 | 127 | 125 | 188 | 285 | 278 | 188 | 198 | |
Total Liabilities | 186 | 190 | 196 | 249 | 286 | 345 | 431 | 668 | 870 | 1,323 | 1,226 | 1,221 |
37 | 33 | 40 | 48 | 57 | 63 | 127 | 177 | 227 | 232 | 230 | 183 | |
CWIP | 2 | 5 | 4 | 2 | 7 | 5 | 2 | 3 | 10 | 7 | 9 | 4 |
Investments | 34 | 34 | 36 | 68 | 73 | 69 | 58 | 172 | 171 | 519 | 519 | 519 |
114 | 119 | 116 | 131 | 151 | 208 | 245 | 316 | 461 | 565 | 467 | 515 | |
Total Assets | 186 | 190 | 196 | 249 | 286 | 345 | 431 | 668 | 870 | 1,323 | 1,226 | 1,221 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 27 | 14 | 22 | 39 | 36 | 50 | 125 | 82 | 58 | 113 | 93 | |
-1 | -15 | -18 | -21 | -23 | -9 | -45 | -199 | -89 | -195 | -9 | -20 | |
-6 | -6 | -6 | -6 | -8 | -10 | -5 | 74 | -7 | 159 | -117 | -88 | |
Net Cash Flow | 10 | 7 | -10 | -6 | 8 | 17 | 0 | 0 | -14 | 22 | -13 | -14 |
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 | 58 | 35 | 50 | 72 | 49 | 43 | 42 | 64 | 54 | 67 | 61 | 44 |
Inventory Days | 244 | 211 | 178 | 187 | 219 | 185 | 174 | 150 | 233 | 138 | 93 | 63 |
Days Payable | 106 | 105 | 88 | 147 | 136 | 96 | 91 | 124 | 161 | 106 | 83 | 95 |
Cash Conversion Cycle | 196 | 140 | 141 | 112 | 132 | 132 | 125 | 90 | 127 | 98 | 71 | 12 |
Working Capital Days | 54 | 39 | 53 | 62 | 49 | 45 | 64 | 52 | 71 | 82 | 88 | 120 |
ROCE % | 20% | 21% | 21% | 22% | 25% | 30% | 33% | 34% | 27% | 17% | 10% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10h - Copy of the newspaper publication of Audited Financial Results for the quarter and year ended March 31, 2025.
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Earnings Conference Call Q4 FY25 - Audio Recording
1d - Audio recording of Q4 FY25 earnings call available on company website.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Investor meeting scheduled on May 27, 2025, at Titans of Tomorrow Conference in Mumbai.
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Intimation Of Appointment Of Secretarial Auditors
1d - Appointment of M/s. Rathi & Associates as secretarial auditors for 5 years from 62nd to 67th AGM.
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Announcement under Regulation 30 (LODR)-Change in Directorate
1d - Re-appointment of Mr. Tarak Patel as Managing Director for five years from June 1, 2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPTREC
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptPPTREC
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May 2024TranscriptNotesPPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Sep 2023TranscriptNotesPPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Aug 2020TranscriptPPT
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May 2020TranscriptPPT
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Jan 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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Jun 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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Jun 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
Market Leadership
The company is the market leader in the global glass-lined equipment segment, holding a market share of 50% in America, 40% in Europe, 20% in China, and 50% in India. While it faces intense competition in the small vessel segment, the group enjoys a near monopoly in the large vessel segment. [1]