Phoenix Lamps Ltd(Merged)

Phoenix Lamps Ltd(Merged)

₹ 220 3.77%
11 Sep 2017
About

Phoenix Lamps promoted in the year 1991 as an Indo Japanese Joint Venture, is counted amongst the most preferred manufacturers and suppliers of Halogen Lamps for Automotive.

  • Market Cap 616 Cr.
  • Current Price 220
  • High / Low /
  • Stock P/E 22.7
  • Book Value 59.7
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.81% over past five years.
  • Debtor days have increased from 59.8 to 79.3 days.
  • Working capital days have increased from 101 days to 142 days

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017
86.41 95.75 92.97 90.01 68.30 88.53 78.35 92.86 85.60 72.65 84.59 87.71
78.37 80.01 78.14 82.06 60.32 78.25 65.04 76.77 73.84 61.15 71.18 75.72
Operating Profit 8.04 15.74 14.83 7.95 7.98 10.28 13.31 16.09 11.76 11.50 13.41 11.99
OPM % 9.30% 16.44% 15.95% 8.83% 11.68% 11.61% 16.99% 17.33% 13.74% 15.83% 15.85% 13.67%
0.40 0.12 0.24 0.28 0.15 0.09 1.28 1.62 0.53 0.89 0.84 0.35
Interest 1.29 1.31 1.74 1.77 1.70 1.33 1.05 1.24 0.86 0.87 1.01 0.83
Depreciation 2.91 3.46 2.65 2.91 3.66 2.51 1.65 1.30 1.25 1.66 1.45 1.67
Profit before tax 4.24 11.09 10.68 3.55 2.77 6.53 11.89 15.17 10.18 9.86 11.79 9.84
Tax % 42.45% 26.24% 35.67% 41.69% 69.68% 37.83% 36.50% 31.11% 33.79% 35.19% 30.87% 17.68%
2.44 8.18 6.88 2.07 0.84 4.06 7.54 10.45 6.74 6.38 8.14 8.10
EPS in Rs 0.87 2.92 2.46 0.74 0.30 1.45 2.69 3.73 2.41 2.28 2.91 2.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 TTM
384 437 419 452 483 494 365 327 331
354 426 401 411 474 447 319 284 282
Operating Profit 30 11 18 41 9 47 46 43 49
OPM % 8% 3% 4% 9% 2% 9% 13% 13% 15%
1 0 1 -0 5 62 2 9 3
Interest 17 18 17 23 22 16 7 6 4
Depreciation 11 13 13 14 16 15 12 9 6
Profit before tax 3 -20 -11 4 -24 78 30 36 42
Tax % 49% -0% -11% -56% 2% 15% 34% 37%
2 -20 -10 6 -24 66 20 23 29
EPS in Rs 0.58 -7.14 -3.61 2.04 -8.60 23.71 6.99 8.18 10.49
Dividend Payout % 69% 0% 0% 0% 0% 68% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -5%
3 Years: -12%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 44%
TTM: 19%
Stock Price CAGR
10 Years: 9%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 20%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 28 28 28 28 28 28 28 28
Reserves 114 94 84 90 65 75 89 114
141 146 146 169 179 72 56 65
60 73 94 94 150 115 67 55
Total Liabilities 343 341 351 381 422 290 240 263
114 106 110 103 126 68 53 51
CWIP 8 12 3 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0
221 223 238 278 296 222 187 210
Total Assets 343 341 351 381 422 290 240 263

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
29 28 39 -1 34 -11 151 18
-19 -10 -13 -2 1 91 -4 49
-5 -11 -15 4 -43 -72 -57 3
Net Cash Flow 5 7 11 0 -9 9 91 70

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 72 82 93 100 79 42 58 79
Inventory Days 198 132 143 170 173 134 161 172
Days Payable 56 45 69 89 123 77 92 72
Cash Conversion Cycle 213 169 167 181 129 99 126 179
Working Capital Days 150 116 104 129 90 55 106 142
ROCE % -1% 2% 11% -1% 23% 21% 22%

Shareholding Pattern

Numbers in percentages

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017
61.93% 61.93% 61.93% 61.93% 61.93%
0.15% 0.84% 0.84% 0.73% 0.99%
0.25% 0.19% 0.19% 0.18% 0.27%
37.67% 37.04% 37.04% 37.16% 36.81%
No. of Shareholders 23,26923,03723,54323,38822,805

* 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.

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