Power & Instrumentation (Gujarat) Ltd

Power & Instrumentation (Gujarat) Ltd

₹ 74.2 -0.64%
15 Jul 2:16 p.m.
About

Incorporated in 1975, Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical
equipment[1]

Key Points

Business Overview:[1]
Company proviees EPC solutions for Electrical requirements. It is a domain specialist in electrical installations, maintenance, repairs and
offer services in electrical contracting, Indoor substation, field services, generator sales and service, etc. It also provides design, installation, maintenance, and repairs for energy-efficient power and distribution transformer, generators, load banks, compressors, etc.

  • Market Cap 93.8 Cr.
  • Current Price 74.2
  • High / Low 86.4 / 36.2
  • Stock P/E 15.9
  • Book Value 40.5
  • Dividend Yield 0.28 %
  • ROCE 17.1 %
  • ROE 12.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 161 to 115 days.

Cons

  • The company has delivered a poor sales growth of 2.13% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -17.5%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
63.31 13.42 25.49 10.69 44.39 21.95 24.33 14.82 36.92
59.94 11.67 23.15 8.52 43.04 19.40 21.62 13.00 33.03
Operating Profit 3.37 1.75 2.34 2.17 1.35 2.55 2.71 1.82 3.89
OPM % 5.32% 13.04% 9.18% 20.30% 3.04% 11.62% 11.14% 12.28% 10.54%
0.22 0.07 0.13 0.04 0.79 0.15 0.19 0.37 0.69
Interest 0.28 1.00 0.68 1.17 0.50 1.30 1.00 0.98 1.14
Depreciation 0.11 0.08 0.08 0.06 0.07 0.06 0.06 0.05 0.05
Profit before tax 3.20 0.74 1.71 0.98 1.57 1.34 1.84 1.16 3.39
Tax % 11.25% 21.62% 25.15% 33.67% 21.02% 24.63% 24.46% 29.31% 20.94%
2.85 0.59 1.29 0.65 1.23 1.00 1.39 0.82 2.67
EPS in Rs 3.32 0.69 1.12 0.51 0.97 0.79 1.10 0.65 2.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
60.04 72.40 87.76 89.01 85.42 91.28 94.27 97.49
54.76 66.43 80.36 80.55 78.01 84.45 86.72 86.53
Operating Profit 5.28 5.97 7.40 8.46 7.41 6.83 7.55 10.96
OPM % 8.79% 8.25% 8.43% 9.50% 8.67% 7.48% 8.01% 11.24%
0.58 0.54 0.43 0.14 0.81 0.47 1.01 1.40
Interest 3.23 3.21 3.34 4.10 3.34 2.74 3.35 4.41
Depreciation 0.31 0.35 0.36 0.31 0.23 0.40 0.29 0.22
Profit before tax 2.32 2.95 4.13 4.19 4.65 4.16 4.92 7.73
Tax % 32.76% 32.88% 25.67% 28.40% 25.59% 30.77% 26.63% 23.80%
1.56 1.98 3.07 3.00 3.46 2.88 3.61 5.89
EPS in Rs 15.91 3.82 4.36 4.26 4.91 3.36 2.86 4.66
Dividend Payout % 0.00% 13.08% 0.00% 0.00% 0.00% 0.00% 7.00% 4.29%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 5%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 20%
TTM: 63%
Stock Price CAGR
10 Years: %
5 Years: 50%
3 Years: 13%
1 Year: 82%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.98 5.18 7.04 7.04 7.04 8.58 12.63 12.63
Reserves 11.15 9.43 16.62 19.26 22.72 25.75 31.95 38.58
17.67 16.71 15.43 11.18 22.14 28.66 31.88 14.67
20.87 18.26 34.39 19.70 11.97 33.64 30.22 41.58
Total Liabilities 50.67 49.58 73.48 57.18 63.87 96.63 106.68 107.46
1.19 0.99 1.16 0.84 0.74 1.12 0.85 0.70
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.53 0.58
Investments 0.27 0.26 0.27 0.27 0.47 0.27 0.28 0.26
49.21 48.33 72.05 56.07 62.66 95.24 105.02 105.92
Total Assets 50.67 49.58 73.48 57.18 63.87 96.63 106.68 107.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.10 -1.83 0.01 2.76 -0.78 -2.62 1.26 8.48
-0.60 0.16 -0.14 0.45 0.02 0.53 -4.75 -0.16
2.66 0.91 2.81 -4.24 1.42 2.08 3.66 -8.20
Net Cash Flow 0.96 -0.76 2.68 -1.03 0.66 -0.01 0.17 0.12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 103.10 112.73 132.76 98.37 158.06 220.69 148.76 115.01
Inventory Days 138.89 90.04 101.41 39.55 14.77 79.66 158.68 189.54
Days Payable 117.62 94.40 139.18 84.41 46.07 132.03 105.68 153.02
Cash Conversion Cycle 124.38 108.37 94.99 53.51 126.76 168.32 201.76 151.53
Working Capital Days 133.87 124.47 113.71 100.14 152.76 197.46 218.64 166.31
ROCE % 20.09% 21.22% 24.24% 17.86% 12.01% 11.86% 17.06%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Mar 2021May 2021Sep 2021Mar 2022Sep 2022Nov 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.59% 69.59% 57.10% 58.39% 58.39% 58.39% 59.88% 59.88% 52.09% 52.09% 52.09% 52.09%
30.42% 30.41% 42.90% 41.60% 41.60% 41.61% 40.12% 40.12% 47.90% 47.91% 47.91% 47.90%
No. of Shareholders 2142022182232282642892591,8402,1672,5674,174

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