Panasonic Energy India Company Ltd

Panasonic Energy India Company Ltd

₹ 484 -2.17%
13 Dec - close price
About

Incorporated in 1972, Panasonic Energy India Company Ltd is in the business of manufacturing dry cell batteries[1]

Key Points

Business Overview:[1]
PEICL is a part of global Panasonic Corporation. It is a ISO 9001: 2015 & ISO 14001: 2015 certified manufacturer & supplier of dry cell batteries and lighting products including Metal Jacketed Dry battery, high performance pencil battery, Zinc-Chloride technology and eco friendly batteries in India

  • Market Cap 363 Cr.
  • Current Price 484
  • High / Low 615 / 358
  • Stock P/E 26.4
  • Book Value 139
  • Dividend Yield 1.83 %
  • ROCE 16.0 %
  • ROE 12.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.49 times its book value
  • The company has delivered a poor sales growth of 7.11% over past five years.
  • Company has a low return on equity of 5.64% over last 3 years.

* 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: Dry cells Industry: Dry Cells

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
66.17 67.28 59.21 60.50 66.16 65.80 60.83 76.81 68.36 74.74 72.51 62.98 68.64
59.96 63.33 61.32 57.89 65.67 67.66 68.58 73.14 63.49 68.30 71.20 57.64 63.17
Operating Profit 6.21 3.95 -2.11 2.61 0.49 -1.86 -7.75 3.67 4.87 6.44 1.31 5.34 5.47
OPM % 9.38% 5.87% -3.56% 4.31% 0.74% -2.83% -12.74% 4.78% 7.12% 8.62% 1.81% 8.48% 7.97%
0.81 1.19 1.03 0.83 -6.53 0.45 1.00 0.67 0.74 0.69 0.96 1.20 0.86
Interest 0.04 0.03 0.07 0.07 0.06 0.04 0.02 0.07 0.02 0.02 0.03 0.03 0.03
Depreciation 0.78 0.83 0.77 0.74 0.76 0.73 0.93 0.81 0.96 0.95 1.01 0.87 0.93
Profit before tax 6.20 4.28 -1.92 2.63 -6.86 -2.18 -7.70 3.46 4.63 6.16 1.23 5.64 5.37
Tax % 26.29% 25.93% -33.33% 26.24% -25.22% -27.52% -24.03% 25.14% 25.27% 26.62% 13.01% 26.42% 24.95%
4.57 3.17 -1.28 1.93 -5.14 -1.58 -5.84 2.59 3.46 4.52 1.07 4.14 4.04
EPS in Rs 6.09 4.23 -1.71 2.57 -6.85 -2.11 -7.79 3.45 4.61 6.03 1.43 5.52 5.39
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
206 225 238 241 208 206 207 204 232 242 253 292 279
201 210 214 218 200 193 202 198 218 229 259 276 260
Operating Profit 5 14 24 23 8 12 5 5 14 13 -6 17 19
OPM % 3% 6% 10% 10% 4% 6% 2% 3% 6% 5% -2% 6% 7%
2 2 5 4 4 4 4 3 3 3 -4 3 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 2 2 2 2 3 3 3 3 3 4 4
Profit before tax 4 13 27 25 10 14 6 5 14 13 -14 15 18
Tax % 34% 41% 34% 34% 37% 28% 21% 39% 26% 25% -25% 25%
2 7 18 17 6 10 5 3 10 9 -11 12 14
EPS in Rs 3.28 9.91 23.79 22.04 8.36 13.07 6.15 4.20 13.76 12.52 -14.19 15.52 18.37
Dividend Payout % 61% 35% 29% 32% 66% 54% 65% 95% 58% 60% 0% 57%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 8%
TTM: 3%
Compounded Profit Growth
10 Years: 5%
5 Years: 19%
3 Years: 3%
TTM: 4848%
Stock Price CAGR
10 Years: 6%
5 Years: 28%
3 Years: 17%
1 Year: 8%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 6%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 61 65 77 87 90 95 93 92 99 101 84 95 96
0 0 0 0 0 0 0 3 2 2 1 1 2
31 33 43 38 34 31 26 29 31 32 42 40 43
Total Liabilities 100 106 127 133 132 133 127 131 139 142 135 144 149
18 16 14 19 17 19 16 22 24 23 24 23 24
CWIP 0 0 5 0 1 0 5 0 0 2 0 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
82 90 108 114 114 114 105 108 116 117 111 119 123
Total Assets 100 106 127 133 132 133 127 131 139 142 135 144 149

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 10 20 2 33 -2 8 -2 20 -7 -8 27
-0 1 -3 -3 -19 5 10 -10 -11 15 10 -29
-2 -2 -3 -6 -6 -5 -6 -4 -4 -7 -6 -1
Net Cash Flow -4 9 14 -7 8 -1 12 -17 4 2 -5 -3

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 43 43 55 14 9 5 8 9 9 14 9
Inventory Days 69 61 62 71 91 92 90 113 76 99 96 54
Days Payable 22 14 12 18 29 28 25 26 37 30 34 24
Cash Conversion Cycle 91 90 94 108 76 73 70 95 47 78 76 40
Working Capital Days 68 58 43 58 25 39 31 40 20 43 66 67
ROCE % 6% 18% 33% 28% 11% 14% 6% 6% 14% 11% -7% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06% 58.06%
41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.95% 41.93% 41.94% 41.94% 41.94%
No. of Shareholders 11,64411,59311,65511,71011,51711,26311,21611,86911,51312,00312,63312,858

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