Palred Technologies Ltd

Palred Technolog Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Palred Technologies Ltd

₹ 132 0.84%
25 Apr - close price
palred.com BSE: 532521 NSE - BE : PALREDTEC
About

Incorporated in 1999, Palred Technologies
Ltd does trading of mobiles, electronic
products, fashion accessories and
provides related services[1]

Key Points

Group Companies:[1]
Company has 3 subsidiaries viz.
a) Palred Electronics Pvt Ltd:
The Group’s main operating company,
Palred Electronics Private Limited owns
consumer electronics brand, pTron. It
offers mobile & digital lifestyle products.

b) Palred Technology Services Private Limited:
PTS offers products through its brand Xmate that is exclusively available on Amazon. Xmate sells products like Bluetooth headsets, Bluetooth speakers, wired headsets, chargers and cables, Computer Accessories, Cameras, Camera Accessories, etc.

The brand faced many challenges since FY21 because of high advertisement costs and competition from other big brands. It was not able to achieve the desired growth and continues to make losses. Hence, company has decided to exit the Xmate brand business

c) Palred Retail Private Limited:
PRP owns e-commerce website, ptron.in and www.LatestOne.com that specialize in selling
of tech and mobile accessories such as Blue
tooth speakers and headsets, cables, power banks, headsets, smart watches, fashion accessories, etc.

Website BSE NSE - BE
  • Market Cap ₹ 162 Cr.
  • Current Price ₹ 132
  • High / Low ₹ 230 / 115
  • Stock P/E
  • Book Value ₹ 48.4
  • Dividend Yield 0.00 %
  • ROCE 4.41 %
  • ROE -0.08 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.73 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 30.1%
  • Company has a low return on equity of 0.75% over last 3 years.
  • Earnings include an other income of Rs.3.74 Cr.
  • Debtor days have increased from 55.2 to 72.9 days.
  • Promoter holding has decreased over last 3 years: -7.72%

* 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: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
31.43 31.62 26.97 47.20 29.56 23.86 36.49 48.94 30.86 31.74 33.05 41.68 18.92
29.53 31.03 25.96 45.80 30.16 24.52 35.46 47.28 31.01 31.90 33.47 40.05 21.09
Operating Profit 1.90 0.59 1.01 1.40 -0.60 -0.66 1.03 1.66 -0.15 -0.16 -0.42 1.63 -2.17
OPM % 6.05% 1.87% 3.74% 2.97% -2.03% -2.77% 2.82% 3.39% -0.49% -0.50% -1.27% 3.91% -11.47%
0.30 0.64 0.21 0.36 0.18 0.30 0.73 0.51 0.74 0.69 1.31 0.76 0.98
Interest 0.79 0.78 0.72 0.92 0.90 0.69 0.86 0.83 1.22 1.51 1.64 1.74 1.48
Depreciation 0.17 0.23 0.12 0.20 0.17 0.14 0.19 0.17 0.22 0.48 0.42 0.40 0.45
Profit before tax 1.24 0.22 0.38 0.64 -1.49 -1.19 0.71 1.17 -0.85 -1.46 -1.17 0.25 -3.12
Tax % 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%
1.24 0.23 0.37 0.64 -1.48 -1.19 0.71 1.17 -0.85 -1.46 -1.18 0.26 -3.12
EPS in Rs 1.00 0.05 0.25 0.38 -1.38 -1.01 0.59 0.92 -0.46 -0.82 -0.64 0.22 -1.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
122 126 132 7 38 41 51 34 46 117 128 148 125
113 112 111 12 62 53 59 44 50 112 126 145 127
Operating Profit 9 15 21 -5 -24 -12 -8 -10 -4 5 1 3 -1
OPM % 7% 12% 16% -73% -62% -30% -16% -30% -10% 4% 1% 2% -1%
-2 -49 -1 7 3 1 3 -0 2 2 1 3 4
Interest 2 2 2 0 0 0 0 0 1 3 4 5 6
Depreciation 2 2 2 0 1 1 1 1 1 1 1 1 2
Profit before tax 3 -39 16 1 -21 -12 -6 -11 -5 3 -2 -0 -6
Tax % 7% -11% 28% 1% -0% -6% 0% 0% 0% 0% 0% 0%
3 -43 12 1 -22 -13 -6 -11 -5 3 -2 -0 -6
EPS in Rs 1.58 -21.87 5.91 0.64 -20.40 -13.72 -5.62 -10.58 -4.79 2.58 -1.76 -0.03 -3.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 24%
3 Years: 48%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 26%
TTM: 98%
Stock Price CAGR
10 Years: 16%
5 Years: 31%
3 Years: 0%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: -7%
3 Years: 1%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 20 8 8 10 10 10 10 10 12 12
Reserves 139 103 116 70 33 22 33 22 17 20 26 48 47
31 30 26 0 0 0 0 0 14 30 34 60 70
37 43 31 5 12 7 9 5 7 8 6 10 13
Total Liabilities 226 195 192 95 53 37 52 36 48 67 76 130 142
173 133 133 3 5 6 4 1 2 3 2 7 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 2 1 80 34 20 8 0 0 0 0 0 0
53 60 58 12 14 11 41 35 46 65 73 123 136
Total Assets 226 195 192 95 53 37 52 36 48 67 76 130 142

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 11 10 -8 -17 -16 -9 -14 -15 -13 -3 -18
-15 -4 -0 9 48 14 -11 15 4 -3 -5 -25
5 -5 -6 0 -30 0 22 -0 11 13 7 43
Net Cash Flow -5 2 4 2 1 -1 2 1 0 -3 -1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74 72 53 0 0 0 0 16 44 54 39 73
Inventory Days 697 143 91 108 97 146 66 87 103
Days Payable 112 58 70 56 14 34 8 2 1
Cash Conversion Cycle 74 72 53 585 85 22 52 98 156 111 124 175
Working Capital Days -12 -50 -31 182 -38 1 19 72 148 118 121 155
ROCE % 5% 8% 13% -31% -31% -17% -23% -9% 12% 3% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.78% 37.78% 37.78% 37.78% 37.78% 34.80% 30.06% 30.06% 30.06% 30.06% 30.06% 30.06%
7.21% 7.21% 7.21% 7.21% 7.21% 6.64% 5.94% 5.94% 5.94% 5.87% 5.74% 4.01%
55.01% 55.01% 55.01% 55.01% 55.01% 58.55% 64.00% 64.00% 64.00% 64.06% 64.21% 65.93%
No. of Shareholders 12,80514,81014,40414,16714,51314,36314,17214,42014,37914,94416,63216,586

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • May 2017
    Transcript
    Notes
    PPT
  • Jul 2016
    Transcript
    Notes
    PPT