Pioneer Embroideries Ltd

₹ 22.0 1.43%

24 Aug 3:17 p.m.

pelhakoba.com BSE: 514300 NSE: PIONEEREMB

About

Incorporated in 1991, Pioneer Embroideries Ltd is a manufacturer of Special Polyester Filament Yarn (SPFY), Embroidery & Lace Products^[1]

Key Points

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

Website BSE NSE

Market Cap ₹ 67.8 Cr.
Current Price ₹ 22.0
High / Low ₹ 42.2 / 19.6
Stock P/E
Book Value ₹ 52.4
Dividend Yield 0.00 %
ROCE 2.18 %
ROE -2.49 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.41 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 8.25% over past five years.
Promoter holding is low: 32.7%
Company has a low return on equity of 0.72% over last 3 years.
Promoters have pledged 52.6% of their holding.
Earnings include an other income of Rs.8.37 Cr.

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.72	82.51	85.32	94.65	96.40	93.81	96.10	88.76	86.12	82.70	81.21	85.93	96.71
	69.55	77.73	79.30	87.26	90.14	86.51	88.46	84.67	82.79	81.91	76.98	80.61	92.76
Operating Profit	4.17	4.78	6.02	7.39	6.26	7.30	7.64	4.09	3.33	0.79	4.23	5.32	3.95
OPM %	5.66%	5.79%	7.06%	7.81%	6.49%	7.78%	7.95%	4.61%	3.87%	0.96%	5.21%	6.19%	4.08%
	0.34	0.77	0.57	2.30	0.84	0.82	0.63	4.01	4.67	0.31	0.57	5.69	1.80
Interest	0.97	2.16	3.20	2.92	2.98	3.20	1.38	2.04	2.62	2.32	1.83	2.53	1.85
Depreciation	2.17	3.10	3.31	3.97	3.83	3.93	3.93	3.96	3.96	3.97	4.09	2.80	3.71
Profit before tax	1.37	0.29	0.08	2.80	0.29	0.99	2.96	2.10	1.42	-5.19	-1.12	5.68	0.19
Tax %	23.36%	17.24%	25.00%	11.07%	24.14%	29.29%	25.68%	32.38%	24.65%	-27.17%	-29.46%	26.76%	26.32%
	1.05	0.24	0.06	2.50	0.22	0.70	2.20	1.42	1.08	-3.79	-0.80	4.16	0.14
EPS in Rs	0.39	0.09	0.02	0.85	0.07	0.23	0.71	0.46	0.35	-1.23	-0.26	1.35	0.05
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	272	255	236	263	274	238	226	292	297	336	375	336	347
	246	234	219	253	254	218	198	267	284	314	350	322	332
Operating Profit	25	22	17	10	20	19	28	25	12	22	25	14	14
OPM %	9%	8%	7%	3.7%	7%	8%	12%	8%	4.1%	7%	7%	4.1%	4.1%
	6	18	2	2	1	4	2	2	12	4	6	11	8
Interest	12	9	11	9	8	6	4	3	4	9	10	9	9
Depreciation	17	14	8	9	9	9	8	8	8	13	16	15	15
Profit before tax	2	16	0	-6	4	8	17	15	12	5	6	1	-0
Tax %	0%	0%	0%	0%	0%	0%	-17%	28%	29%	16%	28%	16%
	2	16	0	-6	4	8	20	11	9	4	5	1	-0
EPS in Rs	1.20	8.87	0.06	-2.43	1.66	3.32	7.40	4.16	3.28	1.32	1.48	0.21	-0.09
Dividend Payout %	0%	0%	0%	0%	0%	0%	3%	7%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	8%
3 Years:	4%
TTM:	-5%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-122%

Stock Price CAGR
10 Years:	-7%
5 Years:	-19%
3 Years:	-26%
1 Year:	-42%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	1%
Last Year:	-2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	19	22	24	25	25	27	27	27	29	31	31
Reserves	99	73	61	51	57	65	88	99	107	121	129	131
	125	92	64	67	56	35	31	30	95	109	94	90
	50	40	44	46	46	37	34	35	56	65	59	67
Total Liabilities	293	223	191	187	184	162	179	190	285	324	314	318
	83	78	99	96	93	85	80	78	75	186	182	159
CWIP	5	3	0	3	2	0	0	8	72	0	0	3
Investments	27	53	9	9	9	9	9	10	21	21	21	21
	178	89	82	79	79	67	90	94	117	117	111	135
Total Assets	293	223	191	187	184	162	179	190	285	324	314	318

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-5	56	25	16	20	26	18	13	10	12	33	19
	6	-45	-20	-7	-4	3	-8	-10	-65	-34	-8	-3
	1	-14	-5	-9	-16	-28	-5	-8	60	16	-23	-16
Net Cash Flow	1	-2	-0	0	-1	1	5	-5	5	-6	1	-1
Free Cash Flow	-10	49	4	9	15	29	10	7	-45	-22	24	15
CFO/OP	-20%	264%	146%	163%	99%	133%	65%	56%	87%	50%	131%	136%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	47	35	33	35	37	24	32	27	30	30	27	25
Inventory Days	76	72	108	72	68	94	127	98	101	117	88	103
Days Payable	42	59	81	70	68	60	67	44	53	56	39	55
Cash Conversion Cycle	81	48	60	36	37	58	92	81	77	91	77	73
Working Capital Days	48	4	3	5	-1	11	35	45	25	23	19	35
ROCE %	10%	15%	6%	2%	9%	9%	16%	12%	3%	6%	6%	2%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export Revenue Share of Total Revenue
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
		xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
			xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx					xx,xxx	xx,xxx	xx,xxx	xx,xxx
			xx.xx	xx.xx	xx.xx		xx.xx	xx.xx	xx.xx
						xxx	xxx	xxx	xxx
							x,xxx	x,xxx	x,xxx

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Value-Added SPFY Share of SPFY Volume
%

SPFY Sales Volume
MT

SPFY Capacity Utilization
%

SPFY Installed Capacity
MTPA

Top Customer Concentration
% of revenue

SPFY Realisation per kg
INR/kg

Embroidery Production
Million Stitches

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.39%	32.39%	29.64%	29.64%	32.71%	32.71%	32.71%	32.71%	32.71%	32.71%	32.71%	32.71%
	0.00%	0.00%	8.48%	8.48%	8.12%	8.16%	8.30%	0.00%	0.00%	0.00%	0.27%	0.27%
	9.27%	9.27%	8.48%	8.41%	6.91%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.11%	8.11%	8.11%	8.11%	8.11%
	58.32%	58.35%	53.39%	53.46%	52.26%	52.64%	52.50%	52.67%	52.69%	52.69%	52.42%	52.42%
No. of Shareholders	24,146	23,685	24,010	24,521	25,924	25,935	25,418	25,175	24,897	24,704	24,445	24,367

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	30.65%	27.30%	26.47%	25.91%	32.86%	32.86%	32.86%	29.64%	32.71%	32.71%	32.71%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%	0.00%	8.48%	8.30%	0.27%	0.27%
	4.74%	14.80%	17.17%	17.18%	15.77%	9.41%	9.40%	8.48%	6.49%	6.49%	6.49%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.11%	8.11%
	64.61%	57.90%	56.36%	56.91%	51.37%	57.38%	57.72%	53.39%	52.50%	52.42%	52.42%
No. of Shareholders	24,476	23,320	22,421	21,660	20,850	25,802	24,909	24,010	25,418	24,445	24,367

* 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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Pioneer Embroideries Ltd

Pioneer Embroideries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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