PG Electroplast Ltd

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

PG Electroplast Ltd

₹ 842 -0.34%
12 Dec 12:00 p.m.
pgel.in BSE: 533581 NSE: PGEL
About

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]

Key Points

Overview
The company specializes in original design manufacturing (ODM), original equipment manufacturing (OEM), and plastic injection moulding. Its WOS, PG Technoplast Pvt Ltd manufactures air conditioners, coolers, and components for various consumer durables. In FY24, it forged a new JV partnership with Goodworth Electronics Ltd, to augment its TV and hardware business. [1]

Website BSE NSE
  • Market Cap ₹ 23,836 Cr.
  • Current Price ₹ 842
  • High / Low ₹ 870 / 146
  • Stock P/E 124
  • Book Value ₹ 43.8
  • Dividend Yield 0.02 %
  • ROCE 18.7 %
  • ROE 18.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 19.4 times its book value
  • Promoter holding has decreased over last 3 years: -12.4%

* 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

Part of Nifty Total Market BSE Consumer Discretionary Nifty Microcap 250 BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
198 262 514 537 336 459 828 678 460 532 1,077 1,321 671
186 245 464 500 309 422 752 612 423 490 960 1,190 615
Operating Profit 13 17 50 36 27 37 76 66 38 42 116 131 56
OPM % 6% 6% 10% 7% 8% 8% 9% 10% 8% 8% 11% 10% 8%
1 1 3 1 1 1 1 1 3 5 3 4 4
Interest 4 5 9 9 9 12 18 14 12 10 16 18 15
Depreciation 5 6 7 8 8 9 10 11 11 11 14 15 15
Profit before tax 4 7 37 21 11 17 49 42 18 26 91 101 30
Tax % 18% 19% 25% 20% 33% 21% 18% 20% 30% 26% 21% 16% 35%
4 6 28 16 7 14 40 34 12 19 70 84 19
EPS in Rs 0.17 0.26 1.30 0.77 0.34 0.60 1.77 1.49 0.48 0.74 2.67 3.21 0.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
424 222 303 703 1,112 2,160 2,746 3,600
396 219 298 653 1,023 1,983 2,484 3,255
Operating Profit 28 3 5 50 89 177 262 345
OPM % 7% 1% 2% 7% 8% 8% 10% 10%
3 4 7 2 5 4 12 16
Interest 6 11 11 18 23 48 52 59
Depreciation 2 5 9 18 22 35 47 55
Profit before tax 23 -9 -9 15 49 98 176 248
Tax % 23% 0% -43% 23% 24% 21% 22%
18 -9 -5 12 37 77 135 192
EPS in Rs -0.53 -0.30 0.59 1.74 3.41 5.17 7.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 4%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 57%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 125%
TTM: 92%
Stock Price CAGR
10 Years: 58%
5 Years: 195%
3 Years: 134%
1 Year: 265%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 16 16 20 21 23 26 26
Reserves 35 131 126 173 291 373 1,012 1,119
68 78 80 185 399 577 435 456
46 62 65 203 358 536 837 876
Total Liabilities 160 288 288 580 1,069 1,509 2,310 2,477
62 122 123 273 441 578 783 796
CWIP 17 21 22 6 5 2 65 142
Investments 0 30 26 0 1 2 6 10
80 115 117 301 623 927 1,456 1,529
Total Assets 160 288 288 580 1,069 1,509 2,310 2,477

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 -23 57 -79 46 186
-50 -97 -44 -161 -173 -399
22 126 -17 256 112 234
Net Cash Flow -5 6 -4 16 -15 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 28 29 43 76 70 74 74
Inventory Days 16 45 39 61 118 73 90
Days Payable 33 67 63 101 111 81 107
Cash Conversion Cycle 12 7 18 37 77 67 57
Working Capital Days 13 21 34 40 77 64 59
ROCE % 1% 1% 13% 17% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.71% 65.71% 65.71% 65.24% 61.33% 61.33% 61.20% 53.59% 53.59% 53.70% 53.56% 53.42%
1.03% 0.99% 0.98% 2.68% 2.32% 1.97% 3.13% 8.96% 10.77% 11.02% 11.07% 10.69%
0.00% 0.00% 0.00% 1.56% 6.47% 7.17% 7.13% 12.63% 12.36% 10.94% 9.89% 9.80%
33.26% 33.30% 33.31% 30.27% 29.86% 29.53% 28.32% 24.62% 23.27% 24.33% 25.22% 25.91%
0.00% 0.00% 0.00% 0.25% 0.01% 0.01% 0.21% 0.19% 0.01% 0.00% 0.26% 0.19%
No. of Shareholders 10,88911,27313,00212,28012,91812,84813,93618,25117,83720,67835,4921,03,595

* 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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