Pokarna Ltd
Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]
- Market Cap ₹ 1,446 Cr.
- Current Price ₹ 467
- High / Low ₹ 600 / 332
- Stock P/E
- Book Value ₹ 40.9
- Dividend Yield 0.13 %
- ROCE 2.70 %
- ROE 0.57 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 1,073%
Cons
- Stock is trading at 11.4 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -16.9% over past five years.
- Company has a low return on equity of 0.28% over last 3 years.
- Earnings include an other income of Rs.8.15 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
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
137.85 | 152.61 | 164.49 | 188.73 | 190.48 | 144.63 | 153.97 | 144.69 | 76.86 | 76.69 | 69.35 | 60.95 | 51.96 | |
120.78 | 132.04 | 137.75 | 144.51 | 144.03 | 114.58 | 120.68 | 115.26 | 67.34 | 63.14 | 56.24 | 51.06 | 50.11 | |
Operating Profit | 17.07 | 20.57 | 26.74 | 44.22 | 46.45 | 30.05 | 33.29 | 29.43 | 9.52 | 13.55 | 13.11 | 9.89 | 1.85 |
OPM % | 12.38% | 13.48% | 16.26% | 23.43% | 24.39% | 20.78% | 21.62% | 20.34% | 12.39% | 17.67% | 18.90% | 16.23% | 3.56% |
3.09 | 4.21 | 1.27 | 5.30 | 4.45 | 5.21 | 2.32 | 1.36 | 0.83 | 2.24 | 0.60 | 3.20 | 8.15 | |
Interest | 10.09 | 10.58 | 11.04 | 12.96 | 13.29 | 7.64 | 8.45 | 6.09 | 5.89 | 4.72 | 4.38 | 4.50 | 4.39 |
Depreciation | 8.57 | 9.06 | 9.73 | 11.24 | 9.88 | 8.54 | 9.82 | 14.71 | 12.23 | 10.14 | 8.96 | 8.36 | 7.57 |
Profit before tax | 1.50 | 5.14 | 7.24 | 25.32 | 27.73 | 19.08 | 17.34 | 9.99 | -7.77 | 0.93 | 0.37 | 0.23 | -1.96 |
Tax % | 32.67% | 28.99% | 32.60% | 35.82% | 37.83% | 34.91% | 28.78% | 31.23% | 38.22% | 69.89% | 75.68% | -221.74% | |
1.01 | 3.65 | 4.88 | 16.25 | 17.25 | 12.42 | 12.34 | 6.88 | -4.81 | 0.29 | 0.08 | 0.74 | -0.76 | |
EPS in Rs | 0.33 | 1.18 | 1.57 | 5.24 | 5.56 | 4.01 | 3.98 | 2.22 | -1.55 | 0.09 | 0.03 | 0.24 | -0.24 |
Dividend Payout % | 0.00% | 0.00% | 25.41% | 11.45% | 35.94% | 14.98% | 15.07% | 27.03% | -38.67% | 641.38% | 2,325.00% | 251.35% |
Compounded Sales Growth | |
---|---|
10 Years: | -9% |
5 Years: | -17% |
3 Years: | -7% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | -43% |
3 Years: | 29% |
TTM: | 85% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 21% |
3 Years: | 26% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 0% |
3 Years: | 0% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 | 6.20 |
Reserves | 80.60 | 84.24 | 87.67 | 99.95 | 109.73 | 116.57 | 127.12 | 132.28 | 125.34 | 123.97 | 122.99 | 122.26 | 120.57 |
76.74 | 81.68 | 108.91 | 100.39 | 82.45 | 85.60 | 80.06 | 55.64 | 50.30 | 52.85 | 47.87 | 44.80 | 40.48 | |
110.67 | 90.59 | 60.61 | 55.50 | 58.95 | 42.63 | 34.69 | 30.07 | 30.72 | 30.40 | 27.35 | 21.56 | 16.50 | |
Total Liabilities | 274.21 | 262.71 | 263.39 | 262.04 | 257.33 | 251.00 | 248.07 | 224.19 | 212.56 | 213.42 | 204.41 | 194.82 | 183.75 |
89.02 | 90.97 | 85.30 | 83.34 | 86.87 | 112.37 | 113.43 | 100.61 | 95.90 | 87.17 | 80.29 | 73.61 | 68.36 | |
CWIP | 2.74 | 1.22 | 1.56 | 4.37 | 13.34 | 1.88 | 1.56 | 2.19 | 2.34 | 1.28 | 0.79 | 0.21 | 0.54 |
Investments | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 | 61.16 |
121.29 | 109.36 | 115.37 | 113.17 | 95.96 | 75.59 | 71.92 | 60.23 | 53.16 | 63.81 | 62.17 | 59.84 | 53.69 | |
Total Assets | 274.21 | 262.71 | 263.39 | 262.04 | 257.33 | 251.00 | 248.07 | 224.19 | 212.56 | 213.42 | 204.41 | 194.82 | 183.75 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18.01 | 14.48 | -7.13 | 13.88 | 53.52 | 38.24 | 27.53 | 36.30 | 16.05 | 11.78 | 12.71 | 5.90 | |
-1.49 | -9.45 | -10.89 | 7.31 | -19.33 | -24.80 | -9.94 | -1.62 | 0.19 | -1.54 | -0.96 | 2.47 | |
-14.08 | -5.11 | 15.80 | -21.76 | -32.86 | -13.04 | -11.15 | -30.63 | -24.09 | -7.78 | -11.85 | -15.27 | |
Net Cash Flow | 2.44 | -0.08 | -2.22 | -0.58 | 1.33 | 0.40 | 6.44 | 4.05 | -7.85 | 2.47 | -0.10 | -6.90 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79.17 | 60.25 | 76.93 | 75.37 | 61.89 | 51.96 | 53.17 | 32.84 | 36.61 | 52.78 | 40.58 | 55.99 |
Inventory Days | 359.71 | 374.01 | 369.14 | 409.22 | 594.37 | 803.05 | 533.76 | 488.23 | 1,579.52 | 1,823.93 | 1,530.65 | |
Days Payable | 132.12 | 125.82 | 169.90 | 196.60 | 210.15 | 282.37 | 182.96 | 124.91 | 451.79 | 348.38 | 182.74 | |
Cash Conversion Cycle | 306.76 | 308.44 | 276.18 | 287.98 | 446.12 | 572.64 | 403.97 | 396.17 | 1,164.34 | 1,528.33 | 40.58 | 1,403.90 |
Working Capital Days | -108.85 | -71.90 | 10.16 | 76.90 | 17.00 | 34.17 | 49.36 | 36.05 | 105.33 | 150.68 | 164.26 | 199.42 |
ROCE % | 7.01% | 9.05% | 9.75% | 18.70% | 20.26% | 13.11% | 12.20% | 7.88% | -1.01% | 3.07% | 2.64% | 2.70% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
- Regulation 40(10) 8 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirement) Requirements, 2015 5 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2 Apr
Annual reports
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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 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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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Nov 2018Transcript PPT
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Jun 2018TranscriptNotesPPT
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Dec 2017Transcript PPT
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May 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
Product Offerings
The company’s color palette includes over 75 varieties of granite sourced from India, Ukraine, Madagascar, and Norway. Some of them are Arctic Breeze, Bellini, Donatello, Artisan Wool Calacatta Capri, Masaccio, etc [1] [2]