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. #
High contribution from exports
Exports contribute to about 73% of total revenue.#
Large Expansion
Pokarna has undertaken a large capex of 420 Cr to increase Quartz capacity by 130%.
Construction and commercialization of their green field Quartz surface facility has been delayed by about nine months due to impact of COVID-19 pandemic. #
Finalization of Anti-dumping duty by US
On April 28, 2020, the US Department of Commerce calculated final dumping rate of 5.15% and CVD subsidy rate of 2.34% for Pokarna.
- Market Cap ₹ 637 Cr.
- Current Price ₹ 205
- High / Low ₹ 259 / 45.7
- Stock P/E 23.0
- Book Value ₹ 112
- Dividend Yield 0.29 %
- ROCE 20.1 %
- ROE 23.2 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.39%
- Debtor days have improved from 53.73 to 31.35 days.
Cons
- The company has delivered a poor sales growth of 3.96% over past five years.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
91 | 84 | 112 | 122 | 145 | 126 | 117 | 62 | 89 | 27 | 94 | 82 | |
68 | 65 | 80 | 79 | 95 | 86 | 74 | 43 | 62 | 30 | 56 | 55 | |
Operating Profit | 23 | 19 | 32 | 42 | 50 | 40 | 43 | 19 | 27 | -2 | 38 | 27 |
OPM % | 25% | 23% | 28% | 35% | 34% | 32% | 37% | 30% | 30% | -9% | 41% | 33% |
Other Income | 2 | 3 | 3 | 1 | 2 | 2 | 3 | 0 | 1 | 0 | 1 | 1 |
Interest | 8 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 |
Depreciation | 5 | 5 | 6 | 6 | 10 | 5 | 6 | 6 | 6 | 5 | 5 | 5 |
Profit before tax | 12 | 10 | 23 | 32 | 36 | 31 | 34 | 7 | 18 | -12 | 29 | 18 |
Tax % | -6% | 15% | 16% | 18% | 26% | 3% | 11% | 12% | 82% | 25% | 28% | 29% |
Net Profit | 13 | 9 | 20 | 26 | 26 | 30 | 30 | 7 | 3 | -9 | 21 | 13 |
EPS in Rs | 4.04 | 2.75 | 6.35 | 8.38 | 8.54 | 9.83 | 9.84 | 2.12 | 1.03 | -2.99 | 6.75 | 4.14 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
143 | 140 | 165 | 178 | 199 | 226 | 324 | 391 | 365 | 335 | 459 | 393 | 292 | |
129 | 125 | 138 | 149 | 164 | 178 | 239 | 256 | 234 | 240 | 315 | 262 | 202 | |
Operating Profit | 14 | 15 | 27 | 29 | 36 | 48 | 85 | 134 | 131 | 95 | 144 | 132 | 90 |
OPM % | 10% | 10% | 16% | 16% | 18% | 21% | 26% | 34% | 36% | 28% | 31% | 33% | 31% |
Other Income | 5 | 3 | 1 | 4 | 17 | 9 | 15 | -12 | 10 | 6 | 9 | 5 | 4 |
Interest | 10 | 18 | 31 | 44 | 35 | 33 | 34 | 38 | 33 | 30 | 27 | 23 | 20 |
Depreciation | 8 | 13 | 18 | 19 | 22 | 20 | 23 | 18 | 17 | 20 | 26 | 23 | 21 |
Profit before tax | 1 | -14 | -22 | -30 | -5 | 3 | 43 | 66 | 90 | 51 | 101 | 91 | 52 |
Tax % | 73% | 0% | 1% | -2% | -29% | -325% | 28% | 22% | 22% | 17% | 20% | 22% | |
Net Profit | 0 | -14 | -22 | -31 | -7 | 12 | 31 | 51 | 70 | 42 | 81 | 71 | 28 |
EPS in Rs | 0.10 | -4.42 | -6.95 | -9.98 | -2.14 | 3.77 | 10.12 | 16.52 | 22.66 | 13.62 | 26.02 | 22.81 | 8.93 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 6% | 12% | 3% | 4% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 4% |
3 Years: | 3% |
TTM: | -35% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 23% |
3 Years: | 0% |
TTM: | -71% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 5% |
3 Years: | -1% |
1 Year: | 162% |
Return on Equity | |
---|---|
10 Years: | 27% |
5 Years: | 36% |
3 Years: | 27% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
Reserves | 82 | 68 | 47 | 16 | 9 | 20 | 47 | 91 | 145 | 185 | 264 | 332 | 342 |
Borrowings | 285 | 298 | 247 | 252 | 274 | 310 | 290 | 272 | 271 | 255 | 238 | 288 | 274 |
52 | 59 | 132 | 148 | 125 | 91 | 85 | 99 | 76 | 60 | 89 | 292 | 338 | |
Total Liabilities | 425 | 432 | 432 | 422 | 414 | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 960 |
116 | 322 | 308 | 295 | 280 | 259 | 241 | 239 | 260 | 270 | 259 | 269 | 258 | |
CWIP | 204 | 7 | 6 | 4 | 2 | 3 | 6 | 20 | 3 | 3 | 55 | 431 | 476 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
106 | 104 | 118 | 123 | 132 | 165 | 182 | 209 | 235 | 234 | 283 | 218 | 227 | |
Total Assets | 425 | 432 | 432 | 422 | 414 | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 960 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44 | 19 | 16 | 43 | 8 | -15 | 61 | 106 | 111 | 77 | 108 | 379 | |
-68 | -22 | -5 | -3 | -9 | -5 | -15 | -30 | -31 | -28 | -64 | -386 | |
17 | 4 | -17 | -38 | 3 | 16 | -41 | -75 | -65 | -52 | -44 | -1 | |
Net Cash Flow | -7 | 1 | -6 | 2 | 2 | -4 | 5 | -0 | 16 | -3 | 1 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 1% | 3% | 5% | 6% | 9% | 20% | 34% | 31% | 19% | 27% | 20% | |
Debtor Days | 97 | 87 | 85 | 77 | 65 | 86 | 78 | 73 | 67 | 76 | 54 | 31 |
Inventory Turnover | 1.35 | 1.20 | 1.06 | 1.00 | 0.98 | 1.43 | 1.38 | 1.05 | 1.03 | 1.67 | 1.42 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb
- Results-Un-Audited Standalone & Consolidated Financial Results For The Quarter Ended 31St December,2020. 13 Feb
- Board Meeting Intimation for Unaudited Financial Results For The Quarter Ending 31St December,2020. 6 Feb
- Shareholding for the Period Ended December 31, 2020 18 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 18 Jan
View all
Annual reports
- 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