PG Electroplast Ltd
PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding, catering to 50+ leading Indian and Global brands.[1]
- Market Cap ₹ 5,974 Cr.
- Current Price ₹ 2,294
- High / Low ₹ 2,470 / 1,002
- Stock P/E 59.7
- Book Value ₹ 361
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 22.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company's median sales growth is 58.1% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -7.61%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
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424 | 222 | 303 | 703 | 1,112 | 2,160 | 2,426 | |
396 | 219 | 298 | 653 | 1,023 | 1,983 | 2,210 | |
Operating Profit | 28 | 3 | 5 | 50 | 89 | 177 | 216 |
OPM % | 7% | 1% | 2% | 7% | 8% | 8% | 9% |
3 | 4 | 7 | 2 | 5 | 4 | 7 | |
Interest | 6 | 11 | 11 | 18 | 23 | 48 | 56 |
Depreciation | 2 | 5 | 9 | 18 | 22 | 35 | 41 |
Profit before tax | 23 | -9 | -9 | 15 | 49 | 98 | 126 |
Tax % | 23% | -0% | 43% | 23% | 24% | 21% | |
18 | -9 | -5 | 12 | 37 | 77 | 100 | |
EPS in Rs | -5.25 | -3.05 | 5.90 | 17.40 | 34.08 | 43.32 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | % |
3 Years: | % |
TTM: | 47% |
Compounded Profit Growth | |
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10 Years: | 33% |
5 Years: | % |
3 Years: | % |
TTM: | 79% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 90% |
3 Years: | 147% |
1 Year: | 124% |
Return on Equity | |
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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 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 11 | 16 | 16 | 20 | 21 | 23 | 26 |
Reserves | 35 | 131 | 126 | 171 | 291 | 373 | 912 |
68 | 78 | 80 | 185 | 399 | 577 | 313 | |
46 | 62 | 65 | 204 | 359 | 536 | 379 | |
Total Liabilities | 160 | 288 | 288 | 580 | 1,069 | 1,509 | 1,630 |
62 | 122 | 123 | 273 | 441 | 578 | 586 | |
CWIP | 17 | 21 | 22 | 6 | 5 | 2 | 20 |
Investments | 0 | 30 | 26 | 0 | 1 | 2 | 2 |
80 | 115 | 117 | 301 | 623 | 927 | 1,021 | |
Total Assets | 160 | 288 | 288 | 580 | 1,069 | 1,509 | 1,630 |
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 | 256 | 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 | 70 | 74 |
Inventory Days | 16 | 45 | 39 | 61 | 118 | 73 |
Days Payable | 33 | 67 | 63 | 101 | 111 | 81 |
Cash Conversion Cycle | 12 | 7 | 18 | 37 | 77 | 67 |
Working Capital Days | 13 | 21 | 34 | 40 | 77 | 64 |
ROCE % | 1% | 1% | 13% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Nov - The officials of the Company on November 22, 2023 will attend investor meeting/conference - 'India Conference 2023 - Reimagining The India Growth Story' as per …
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8 Nov - Read with Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached Monitoring Agency Report for the quarter ended …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Nov - The Company had Earnings Conference Call with Investors/ Analysts (Participants) on November 07, 2023 with respect to the financial performance of the Company for the …
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Compliance With Regulation 32(1) Of SEBI (LODR) Regulations, 2015.
6 Nov - Nil Statement of Deviation or Variation duly reviewed by the Audit Committee for the Quarter ended September 30, 2023.
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Announcement under Regulation 30 (LODR)-Investor Presentation
6 Nov - Copy of Investor Presentation on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2023.
Annual reports
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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 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2023TranscriptNotesPPT REC
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Dec 2017TranscriptNotesPPT
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. The company is Second largest ODM for Room ACs in India and is one of the most backward integrated AC manufacturing plants at a single location in Ahmednagar, Maharashtra. The company is Second largest ODM for Washing Machines in India and has developed 6 platforms for SAWM and 2 platforms for FATL. [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. The company entered the LED TV business in 2022 in JV with Jaina India for Google-certified ODM TVs. It manufactures TVs of sizes ranging from 24” to 70”.[2]
Tool Manufacturing - It develops small to medium size molds for applications in Automotive Applications, White Goods, Home & Kitchen Appliances. [1]
Apart from this, the company has diversified into engineered plastics for sanitaryware, automotive and other specialized applications.[3]