Pokarna Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • 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

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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

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66
0.39 0.58 0.63 0.67 0.70 0.59 0.42 1.42 1.42 1.66 1.92 0.14
3.28 4.32 4.29 4.32 4.31 9.64 9.65 9.91 9.85 9.03 7.85 8.90
39.67 38.44 38.42 38.35 38.32 33.11 33.27 32.01 32.07 32.65 33.57 34.30

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