Pioneer Embroideries Ltd
Incorporated in 1991, Pioneer Embroideries Ltd is a manufacturer of Special Polyester Filament Yarn (SPFY), Embroidery & Lace Products[1]
- Market Cap ₹ 131 Cr.
- Current Price ₹ 42.6
- High / Low ₹ 70.9 / 35.7
- Stock P/E 29.4
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 6.21 %
- ROE 2.92 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.82 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 9.49% over past five years.
- Promoter holding is low: 32.7%
- Company has a low return on equity of 2.15% over last 3 years.
- Promoters have pledged 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 262 | 274 | 238 | 226 | 292 | 297 | 336 | 375 | |
254 | 252 | 234 | 220 | 253 | 255 | 219 | 199 | 267 | 285 | 314 | 350 | |
Operating Profit | 19 | 20 | 21 | 16 | 10 | 19 | 19 | 27 | 25 | 12 | 22 | 25 |
OPM % | 7% | 7% | 8% | 7% | 4% | 7% | 8% | 12% | 8% | 4% | 7% | 7% |
1 | 17 | 20 | -16 | 2 | 1 | 4 | 2 | 2 | 12 | 4 | 6 | |
Interest | 17 | 12 | 9 | 11 | 9 | 8 | 6 | 4 | 3 | 4 | 9 | 10 |
Depreciation | 11 | 19 | 15 | 8 | 9 | 9 | 9 | 8 | 8 | 8 | 13 | 16 |
Profit before tax | -8 | 6 | 17 | -19 | -6 | 4 | 8 | 16 | 15 | 12 | 4 | 6 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -18% | 28% | 31% | 17% | 29% |
-9 | 11 | 17 | -19 | -6 | 4 | 8 | 19 | 11 | 8 | 4 | 4 | |
EPS in Rs | -4.98 | 6.21 | 9.31 | -8.96 | -2.46 | 1.59 | 3.29 | 7.24 | 4.15 | 3.20 | 1.26 | 1.46 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 7% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 9% |
3 Years: | 9% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | -16% |
5 Years: | -6% |
3 Years: | -26% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 14% |
3 Years: | 5% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 28 | 61 | 45 | 53 | 47 | 53 | 61 | 83 | 94 | 102 | 116 | 129 |
212 | 143 | 109 | 70 | 69 | 57 | 37 | 32 | 32 | 97 | 110 | 94 | |
40 | 44 | 41 | 59 | 60 | 60 | 50 | 46 | 47 | 68 | 76 | 59 | |
Total Liabilities | 296 | 265 | 213 | 203 | 200 | 196 | 173 | 188 | 199 | 293 | 332 | 314 |
110 | 94 | 98 | 107 | 96 | 93 | 85 | 80 | 78 | 75 | 186 | 182 | |
CWIP | 3 | 5 | 3 | 0 | 3 | 2 | 0 | 0 | 8 | 72 | 0 | 0 |
Investments | 3 | 8 | 7 | 0 | 0 | 0 | 0 | 0 | 1 | 12 | 12 | 21 |
181 | 159 | 105 | 95 | 101 | 100 | 87 | 108 | 112 | 135 | 135 | 111 | |
Total Assets | 296 | 265 | 213 | 203 | 200 | 196 | 173 | 188 | 199 | 293 | 332 | 314 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 29 | 22 | 36 | 17 | 19 | 26 | 18 | 13 | 10 | 12 | 33 | |
-5 | 6 | -10 | -24 | -7 | -4 | 3 | -8 | -10 | -65 | -34 | -8 | |
-56 | -35 | -14 | -12 | -10 | -16 | -28 | -5 | -8 | 60 | 16 | -23 | |
Net Cash Flow | 0 | 0 | -2 | -0 | 0 | -1 | 1 | 5 | -5 | 5 | -6 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 55 | 30 | 39 | 38 | 39 | 40 | 29 | 37 | 31 | 33 | 33 | 27 |
Inventory Days | 61 | 78 | 73 | 120 | 84 | 79 | 103 | 138 | 106 | 108 | 123 | 88 |
Days Payable | 40 | 44 | 60 | 81 | 72 | 72 | 64 | 70 | 45 | 55 | 57 | 39 |
Cash Conversion Cycle | 77 | 64 | 52 | 77 | 50 | 47 | 68 | 105 | 91 | 86 | 98 | 77 |
Working Capital Days | 43 | 59 | 31 | 30 | 57 | 57 | 48 | 80 | 80 | 76 | 86 | 71 |
ROCE % | 6% | 14% | 16% | 11% | 2% | 9% | 9% | 15% | 12% | 3% | 6% | 6% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
5 Jun - Annual Secretarial Compliance Report for FY ended 31 Mar 2025 submitted; no violations reported.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report submitted for year ended 31 March 2025 as per SEBI norms.
-
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.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
27 May - Audited FY25 financial results approved; 33rd AGM on 31 July 2025; key directors reappointed.
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON 27TH MAY, 2025
27 May - Audited FY25 financial results approved; 33rd AGM on 31 July 2025; directors re-appointed.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
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