Pioneer Embroideries Ltd
Incorporated in 1991, Pioneer Embroideries Ltd is a manufacturer of Special Polyester Filament Yarn (SPFY), Embroidery & Lace Products[1]
- Market Cap ₹ 134 Cr.
- Current Price ₹ 43.6
- High / Low ₹ 70.9 / 35.7
- Stock P/E 29.8
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 6.19 %
- ROE 2.90 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.84 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.55% over past five years.
- Promoter holding is low: 32.7%
- Company has a low return on equity of 2.25% over last 3 years.
- Promoters have pledged or encumbered 52.6% of their holding.
* 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
273 | 272 | 255 | 236 | 263 | 274 | 238 | 226 | 292 | 297 | 336 | 375 | |
254 | 246 | 234 | 219 | 253 | 254 | 218 | 198 | 267 | 284 | 314 | 350 | |
Operating Profit | 19 | 25 | 22 | 17 | 10 | 20 | 19 | 28 | 25 | 12 | 22 | 25 |
OPM % | 7% | 9% | 8% | 7% | 4% | 7% | 8% | 12% | 8% | 4% | 7% | 7% |
2 | 6 | 18 | 2 | 2 | 1 | 4 | 2 | 2 | 12 | 4 | 6 | |
Interest | 17 | 12 | 9 | 11 | 9 | 8 | 6 | 4 | 3 | 4 | 9 | 10 |
Depreciation | 11 | 17 | 14 | 8 | 9 | 9 | 9 | 8 | 8 | 8 | 13 | 16 |
Profit before tax | -7 | 2 | 16 | 0 | -6 | 4 | 8 | 17 | 15 | 12 | 5 | 6 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -17% | 28% | 29% | 16% | 29% |
-7 | 2 | 16 | 0 | -6 | 4 | 8 | 20 | 11 | 9 | 4 | 4 | |
EPS in Rs | -3.91 | 1.20 | 8.87 | 0.06 | -2.43 | 1.66 | 3.32 | 7.40 | 4.16 | 3.28 | 1.32 | 1.46 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 7% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 10% |
3 Years: | 9% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | -10% |
5 Years: | -6% |
3 Years: | -26% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 12% |
3 Years: | 5% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 19 | 22 | 24 | 25 | 25 | 27 | 27 | 27 | 29 | 31 |
Reserves | 88 | 99 | 73 | 61 | 51 | 57 | 65 | 88 | 99 | 107 | 121 | 129 |
159 | 125 | 92 | 64 | 67 | 56 | 35 | 31 | 30 | 95 | 109 | 94 | |
46 | 50 | 40 | 44 | 46 | 46 | 37 | 34 | 35 | 56 | 65 | 59 | |
Total Liabilities | 311 | 293 | 223 | 191 | 187 | 184 | 162 | 179 | 190 | 285 | 324 | 314 |
97 | 83 | 78 | 99 | 96 | 93 | 85 | 80 | 78 | 75 | 186 | 182 | |
CWIP | 3 | 5 | 3 | 0 | 3 | 2 | 0 | 0 | 8 | 72 | 0 | 0 |
Investments | 27 | 27 | 53 | 9 | 9 | 9 | 9 | 9 | 10 | 21 | 21 | 21 |
184 | 178 | 89 | 82 | 79 | 79 | 67 | 90 | 94 | 117 | 117 | 111 | |
Total Assets | 311 | 293 | 223 | 191 | 187 | 184 | 162 | 179 | 190 | 285 | 324 | 314 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | -5 | 56 | 25 | 16 | 20 | 26 | 18 | 13 | 10 | 12 | 33 | |
-5 | 6 | -45 | -20 | -7 | -4 | 3 | -8 | -10 | -65 | -34 | -8 | |
-57 | 1 | -14 | -5 | -9 | -16 | -28 | -5 | -8 | 60 | 16 | -23 | |
Net Cash Flow | -0 | 1 | -2 | -0 | 0 | -1 | 1 | 5 | -5 | 5 | -6 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 62 | 47 | 35 | 33 | 35 | 37 | 24 | 32 | 27 | 30 | 30 | 27 |
Inventory Days | 60 | 76 | 72 | 108 | 72 | 68 | 94 | 127 | 98 | 101 | 117 | 88 |
Days Payable | 38 | 42 | 59 | 81 | 70 | 68 | 60 | 67 | 44 | 53 | 56 | 39 |
Cash Conversion Cycle | 84 | 81 | 48 | 60 | 36 | 37 | 58 | 92 | 81 | 77 | 91 | 77 |
Working Capital Days | 57 | 94 | 20 | 30 | 27 | 23 | 35 | 68 | 72 | 68 | 79 | 71 |
ROCE % | 6% | 10% | 15% | 6% | 2% | 9% | 9% | 16% | 12% | 3% | 6% | 6% |
Documents
Announcements
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Closure of Trading Window
1d - Trading window closed from 01/07/2025 until 48 hours post financial results declaration.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
5 Jun - Annual Secretarial Compliance Report for FY ended 31 Mar 2025 submitted; no violations reported.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report submitted for year ended 31 March 2025 as per SEBI norms.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - CERTIFIED TRUE COPY OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2025 PUBLISHED IN NEWS PAPERS.
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Announcement under Regulation 30 (LODR)-Meeting Updates
27 May - Audited FY25 financial results approved; 33rd AGM on 31 July 2025; key directors reappointed.
Annual reports
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Financial Year 2024
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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 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021Transcript PPT
Business Overview:[1][2]
PEL manufactures and exports specialized polyester filament yarn, embroidered laces, braided laces, torchon /bobbin laces, raschel laces and embroidered fabrics. It is associated with a retail brand for embroidered clothing brands Hakoba and Slikolite, and has 3 Lac+ designs. Company’s yarns find applications in the non-apparel segment, such as carpets, bath mats, upholstery fabrics, and curtains