Power & Instrumentation (Gujarat) Ltd

Power & Instrumentation (Gujarat) Ltd

₹ 325 0.62%
13 Dec - close price
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 411 Cr.
  • Current Price 325
  • High / Low 350 / 43.2
  • Stock P/E 44.4
  • Book Value 76.2
  • Dividend Yield 0.06 %
  • ROCE 17.0 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 162 to 115 days.

Cons

  • Stock is trading at 4.26 times its book value
  • Promoter holding has decreased over last quarter: -11.1%
  • The company has delivered a poor sales growth of 2.13% over past five years.
  • Company has a low return on equity of 10.1% over last 3 years.
  • Company's cost of borrowing seems high

* 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 Jun 2024 Sep 2024
63.31 13.42 25.49 10.69 44.39 21.95 24.33 14.82 36.92 25.47 54.93
59.94 11.67 23.15 8.52 43.04 19.40 21.62 13.00 33.03 22.35 49.71
Operating Profit 3.37 1.75 2.34 2.17 1.35 2.55 2.71 1.82 3.89 3.12 5.22
OPM % 5.32% 13.04% 9.18% 20.30% 3.04% 11.62% 11.14% 12.28% 10.54% 12.25% 9.50%
0.22 0.07 0.13 0.04 0.79 0.15 0.19 0.37 0.69 0.53 0.82
Interest 0.28 1.00 0.68 1.17 0.50 1.30 1.00 0.98 1.14 1.09 0.78
Depreciation 0.11 0.08 0.08 0.06 0.07 0.06 0.06 0.05 0.05 0.06 0.06
Profit before tax 3.20 0.74 1.71 0.98 1.57 1.34 1.84 1.16 3.39 2.50 5.20
Tax % 11.25% 21.62% 25.15% 33.67% 21.02% 24.63% 24.46% 29.31% 20.94% 24.80% 25.19%
2.85 0.59 1.29 0.65 1.23 1.00 1.39 0.82 2.67 1.87 3.89
EPS in Rs 3.32 0.69 1.12 0.51 0.97 0.79 1.10 0.65 2.11 1.48 3.08
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 TTM
60 72 88 89 85 91 93 97 132
55 66 80 81 78 84 86 87 118
Operating Profit 5 6 7 8 7 7 8 11 14
OPM % 9% 8% 8% 10% 9% 7% 8% 11% 11%
1 1 0 0 1 0 1 1 2
Interest 3 3 3 4 3 3 3 4 4
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 2 3 4 4 5 4 5 8 12
Tax % 33% 33% 26% 28% 26% 31% 27% 24%
2 2 3 3 3 3 4 6 9
EPS in Rs 15.91 3.82 4.36 4.26 4.91 3.36 2.86 4.66 7.32
Dividend Payout % 0% 13% 0% 0% 0% 0% 7% 4%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 5%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 20%
TTM: 117%
Stock Price CAGR
10 Years: %
5 Years: 111%
3 Years: 89%
1 Year: 599%
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 Sep 2024
Equity Capital 0.98 5 7 7 7 9 13 13 16
Reserves 11 9 17 19 23 28 33 39 80
18 17 15 11 22 29 32 15 17
21 18 34 20 12 32 30 42 39
Total Liabilities 51 50 73 57 64 97 107 107 152
1 1 1 1 1 1 1 1 1
CWIP 0 0 0 0 0 0 1 1 1
Investments 0 0 0 0 0 0 0 0 0
49 48 72 56 63 95 105 106 150
Total Assets 51 50 73 57 64 97 107 107 152

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 -2 0 3 -1 -3 1 8
-1 0 -0 0 0 1 -4 -0
3 1 3 -4 1 2 4 -8
Net Cash Flow 1 -1 3 -1 1 -0 0 0

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 103 113 133 98 158 221 151 115
Inventory Days 139 90 101 40 15 80 161 190
Days Payable 118 94 139 84 46 132 107 153
Cash Conversion Cycle 124 108 95 54 127 168 204 152
Working Capital Days 134 124 114 100 153 197 221 166
ROCE % 20% 21% 24% 18% 12% 12% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
May 2021Sep 2021Mar 2022Sep 2022Nov 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.10% 58.39% 58.39% 58.39% 59.88% 59.88% 52.09% 52.09% 52.09% 52.09% 52.09% 40.95%
42.90% 41.60% 41.60% 41.61% 40.12% 40.12% 47.90% 47.91% 47.91% 47.90% 47.91% 59.06%
No. of Shareholders 2182232282642892591,8402,1672,5674,1744,5614,232

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