PG Electroplast Ltd

PG Electroplast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PG Electroplast Ltd

₹ 1,650 0.59%
09 Jun 1:24 p.m.
pgel.in BSE: 533581 NSE : PGEL
About

PG Electroplast Limited is the flagship company of the PG Group, and is one of the leading players in India in Electronics Manufacturing Services. It is a diversified EMS providing OEM and ODM solutions for complete product and component manufacturing. [1]

Key Points

Business Segments
Plastic Molding - The Co specialises in developing small, medium and large sized, high-precision surface critical injection molded components and offers a number of specialized post-moulding operations to meet customer needs. [1]
Product Business - The Co acts as a Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) for washing machines, air conditioners and coolers. This Segment is the primary focus of the company and is expected to double its capacities in all 3 product lines for FY23 [2]
Electronics - The Co develops printed circuit board assemblies for a wide range of applications on a turnkey basis (including procurement, assembly, testing, packing & shipping). Today, the principal business in the segment is PCB assemblies for leading TV manufacturers
Tool Manufacturing - It develops small to medium size molds for applications in Automotive Applications, White Goods, Home & Kitchen Appliances. [1]

Website BSE NSE
  • Market Cap ₹ 3,752 Cr.
  • Current Price ₹ 1,650
  • High / Low ₹ 1,706 / 802
  • Stock P/E 48.4
  • Book Value ₹ 174
  • Dividend Yield 0.00 %
  • ROCE 17.3 %
  • ROE 21.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 56.1% of last 10 years

Cons

  • Stock is trading at 9.49 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -6.87%

* 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: Consumer Durables Industry: Electronics - Components

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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
184 330 137 198 262 514 535 328 459 828
169 305 128 186 245 464 500 309 422 752
Operating Profit 15 24 9 13 17 50 35 19 37 76
OPM % 8% 7% 7% 6% 6% 10% 7% 6% 8% 9%
1 -0 1 1 1 3 3 9 1 1
Interest 5 5 4 4 5 9 9 9 12 18
Depreciation 5 5 5 5 6 7 8 8 9 10
Profit before tax 7 14 1 4 7 37 21 11 17 49
Tax % 7% 28% 34% 18% 19% 25% 20% 33% 21% 18%
Net Profit 6 10 1 4 6 28 16 7 14 40
EPS in Rs 3.32 5.30 0.29 1.75 2.61 13.02 7.73 3.35 6.04 17.66
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023
424 222 303 703 1,098 2,160
396 219 298 653 1,023 1,984
Operating Profit 28 3 5 50 75 176
OPM % 7% 1% 2% 7% 7% 8%
3 4 7 2 19 4
Interest 6 11 11 18 22 48
Depreciation 2 5 9 18 22 35
Profit before tax 23 -9 -9 15 49 98
Tax % 23% -0% 43% 23% 24% 21%
Net Profit 18 -9 -5 12 37 77
EPS in Rs -5.25 -3.05 5.90 17.63 34.06
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: %
3 Years: %
TTM: 97%
Compounded Profit Growth
10 Years: 33%
5 Years: %
3 Years: %
TTM: 111%
Stock Price CAGR
10 Years: 37%
5 Years: 49%
3 Years: 237%
1 Year: 73%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023
11 16 16 20 21 23
Reserves 35 131 126 171 291 373
68 78 80 185 399 577
46 62 65 204 359 535
Total Liabilities 160 288 288 580 1,069 1,508
62 122 123 273 441 578
CWIP 17 21 22 6 5 2
Investments 0 30 26 0 1 2
80 115 117 301 623 926
Total Assets 160 288 288 580 1,069 1,508

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023
23 -23 57 -79 46
-50 -97 -44 -161 -173
22 126 -17 257 112
Net Cash Flow -5 6 -4 16 -15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023
Debtor Days 28 29 43 76 71 74
Inventory Days 16 45 39 61 118 73
Days Payable 33 67 63 101 111 81
Cash Conversion Cycle 12 7 18 37 78 66
Working Capital Days 13 21 34 40 78 63
ROCE % 1% 1% 13% 17%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
68.20 69.53 69.88 69.83 69.83 65.83 65.71 65.71 65.71 65.24 61.33 61.33
0.46 0.00 0.00 1.06 1.05 0.95 1.03 0.99 0.98 2.68 2.32 1.97
0.00 0.00 0.00 0.00 0.16 0.00 0.00 0.00 0.00 1.56 6.47 7.17
31.34 30.47 30.12 29.11 28.96 33.22 33.26 33.30 33.31 30.27 29.86 29.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.01 0.01

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls