Pioneer Embroideries Ltd

Pioneer Embroideries Ltd

₹ 42.6 0.28%
23 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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
74.34 85.92 70.34 65.97 74.41 73.72 82.51 85.32 94.65 96.40 93.81 96.10 88.76
70.15 83.60 68.09 63.45 69.75 69.58 77.95 79.34 87.26 90.15 86.53 88.47 84.71
Operating Profit 4.19 2.32 2.25 2.52 4.66 4.14 4.56 5.98 7.39 6.25 7.28 7.63 4.05
OPM % 5.64% 2.70% 3.20% 3.82% 6.26% 5.62% 5.53% 7.01% 7.81% 6.48% 7.76% 7.94% 4.56%
0.71 0.71 10.66 0.53 0.35 0.34 0.77 0.57 2.30 0.84 0.82 0.64 4.01
Interest 1.13 0.85 1.09 0.71 0.99 0.97 2.16 3.20 2.92 2.98 3.20 1.38 2.04
Depreciation 1.94 2.10 2.12 2.10 2.14 2.17 3.10 3.31 3.97 3.83 3.93 3.93 3.96
Profit before tax 1.83 0.08 9.70 0.24 1.88 1.34 0.07 0.04 2.80 0.28 0.97 2.96 2.06
Tax % 32.24% 25.00% 26.49% 29.17% 51.06% 23.88% 71.43% 50.00% 11.07% 25.00% 29.90% 25.68% 33.01%
1.24 0.06 7.13 0.17 0.92 1.02 0.02 0.02 2.50 0.21 0.68 2.19 1.38
EPS in Rs 0.47 0.02 2.68 0.07 0.42 0.39 0.05 0.01 0.85 0.07 0.22 0.71 0.45
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
32.86% 32.86% 32.86% 32.86% 32.39% 32.39% 32.39% 29.64% 29.64% 32.71% 32.71% 32.71%
0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.48% 8.48% 8.12% 8.16% 8.30%
9.40% 9.40% 9.40% 9.40% 9.27% 9.27% 9.27% 8.48% 8.41% 6.91% 6.49% 6.49%
57.63% 57.71% 57.71% 57.72% 58.32% 58.32% 58.35% 53.39% 53.46% 52.26% 52.64% 52.50%
No. of Shareholders 25,60825,66125,22924,90924,61624,14623,68524,01024,52125,92425,93525,418

* 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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