Pioneer Embroideries Ltd

Pioneer Embroideries Ltd

₹ 23.9 1.92%
05 Jun - close price
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

  • Market Cap 73.6 Cr.
  • Current Price 23.9
  • High / Low 49.0 / 19.6
  • Stock P/E
  • Book Value 52.4
  • Dividend Yield 0.00 %
  • ROCE 2.24 %
  • ROE -2.21 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.46 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 0.91% over last 3 years.
  • Promoters have pledged 52.6% of their holding.
  • Earnings include an other income of Rs.11.2 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
74.41 73.72 82.51 85.32 94.65 96.40 93.81 96.10 88.76 86.12 82.70 81.21 85.93
69.37 69.55 77.73 79.30 87.26 90.14 86.51 88.46 84.67 82.79 81.91 76.98 80.61
Operating Profit 5.04 4.17 4.78 6.02 7.39 6.26 7.30 7.64 4.09 3.33 0.79 4.23 5.32
OPM % 6.77% 5.66% 5.79% 7.06% 7.81% 6.49% 7.78% 7.95% 4.61% 3.87% 0.96% 5.21% 6.19%
0.35 0.34 0.77 0.57 2.30 0.84 0.82 0.63 4.01 4.67 0.31 0.57 5.69
Interest 0.99 0.97 2.16 3.20 2.92 2.98 3.20 1.38 2.04 2.62 2.32 1.83 2.53
Depreciation 2.14 2.17 3.10 3.31 3.97 3.83 3.93 3.93 3.96 3.96 3.97 4.09 2.80
Profit before tax 2.26 1.37 0.29 0.08 2.80 0.29 0.99 2.96 2.10 1.42 -5.19 -1.12 5.68
Tax % 42.48% 23.36% 17.24% 25.00% 11.07% 24.14% 29.29% 25.68% 32.38% 24.65% -27.17% -29.46% 26.76%
1.29 1.05 0.24 0.06 2.50 0.22 0.70 2.20 1.42 1.08 -3.79 -0.80 4.16
EPS in Rs 0.49 0.39 0.09 0.02 0.85 0.07 0.23 0.71 0.46 0.35 -1.23 -0.26 1.35
Raw PDF

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
272 255 236 263 274 238 226 292 297 336 375 336
246 234 219 253 254 218 198 267 284 314 350 322
Operating Profit 25 22 17 10 20 19 28 25 12 22 25 14
OPM % 9% 8% 7% 4% 7% 8% 12% 8% 4% 7% 7% 4%
6 18 2 2 1 4 2 2 12 4 6 11
Interest 12 9 11 9 8 6 4 3 4 9 10 9
Depreciation 17 14 8 9 9 9 8 8 8 13 16 15
Profit before tax 2 16 0 -6 4 8 17 15 12 5 6 1
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
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
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: -10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -188%
Stock Price CAGR
10 Years: -6%
5 Years: -16%
3 Years: -16%
1 Year: -46%
Return on Equity
10 Years: 4%
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 36
ROCE % 10% 15% 6% 2% 9% 9% 16% 12% 3% 6% 6% 2%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Yarn (SPFY)
MTPA

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Production Volume - Yarn (SPFY)
MT
Installed Capacity - Embroidery
Million Stitches
Capacity Utilization - Yarn (SPFY)
%
Installed Capacity - Braided Laces
Million Meters
Production Volume - Embroidery
Million Stitches
Capacity Utilization - Embroidery
%
Library of Designs - Embroidery
Number
Product Range - Yarn Shades
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
32.39% 32.39% 32.39% 29.64% 29.64% 32.71% 32.71% 32.71% 32.71% 32.71% 32.71% 32.71%
0.00% 0.00% 0.00% 8.48% 8.48% 8.12% 8.16% 8.30% 0.00% 0.00% 0.00% 0.27%
9.27% 9.27% 9.27% 8.48% 8.41% 6.91% 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% 0.00% 8.11% 8.11% 8.11% 8.11%
58.32% 58.32% 58.35% 53.39% 53.46% 52.26% 52.64% 52.50% 52.67% 52.69% 52.69% 52.42%
No. of Shareholders 24,61624,14623,68524,01024,52125,92425,93525,41825,17524,89724,70424,445

* 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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