Pokarna Ltd

Pokarna Ltd

₹ 467 1.41%
19 Apr - close price
About

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]

Key Points

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]

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
21.67 24.10 25.78 14.34 16.98 12.60 20.70 12.73 8.52 19.05 17.23 9.83 5.85
16.46 20.59 18.84 11.18 13.69 13.25 16.68 11.33 9.84 13.42 14.80 11.24 10.65
Operating Profit 5.21 3.51 6.94 3.16 3.29 -0.65 4.02 1.40 -1.32 5.63 2.43 -1.41 -4.80
OPM % 24.04% 14.56% 26.92% 22.04% 19.38% -5.16% 19.42% 11.00% -15.49% 29.55% 14.10% -14.34% -82.05%
0.53 0.66 0.09 0.12 0.04 0.35 0.05 2.92 0.05 0.17 0.25 5.16 2.57
Interest 1.15 1.10 0.95 0.93 0.96 1.18 1.09 0.96 1.15 1.13 1.20 1.08 0.98
Depreciation 2.38 2.34 2.32 2.21 2.23 2.21 2.18 2.15 2.05 1.98 1.97 1.86 1.76
Profit before tax 2.21 0.73 3.76 0.14 0.14 -3.69 0.80 1.21 -4.47 2.69 -0.49 0.81 -4.97
Tax % 23.08% 112.33% 25.00% 14.29% -78.57% 15.18% 21.25% -10.74% 15.21% 5.20% 32.65% 24.69% 27.57%
1.71 -0.09 2.83 0.13 0.25 -3.12 0.63 1.34 -3.79 2.56 -0.33 0.61 -3.60
EPS in Rs 0.55 -0.03 0.91 0.04 0.08 -1.01 0.20 0.43 -1.22 0.83 -0.11 0.20 -1.16
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
1.63% 1.68% 1.73% 2.39% 2.77% 2.82% 3.65% 3.63% 3.66% 3.95% 4.05% 4.27%
7.07% 6.10% 9.82% 10.22% 9.86% 9.89% 10.19% 10.34% 10.34% 10.38% 10.25% 11.16%
34.64% 35.56% 31.79% 30.73% 30.71% 30.63% 29.49% 29.36% 29.34% 29.00% 29.03% 27.93%
No. of Shareholders 20,94018,63718,25518,60919,61320,92619,36419,23918,71418,34419,70920,682

* 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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