Precot Ltd

₹ 618 0.31%

11 Dec 3:58 p.m.

About

Incorporated in 1962, Precot Ltd manufactures yarn and technical textile products^[1]

Key Points

Business Overview:^[1]

<h1>https://www.indiaratings.co.in/pressrelease/63092 #}</h1>

PL is an ISO 9001 and 14001 certified manufacturer of cotton and yarn products which are used for cosmetic, personal hygiene and medical use. It is also a supplier of cotton products to textile mills, manufacturers and brands. Company manufactures compact
cotton yarn in the count ranges of 20s to 60s and also manufactures rolled and finished goods of technical textiles such as bleached cotton,
cotton balls, pads, spunlace fabric, etc.

Website NSE - BE

Market Cap ₹ 741 Cr.
Current Price ₹ 618
High / Low ₹ 690 / 249
Stock P/E 20.7
Book Value ₹ 363
Dividend Yield 0.24 %
ROCE 6.65 %
ROE 2.92 %
Face Value ₹ 10.0

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Pros

Cons

The company has delivered a poor sales growth of 4.35% over past five years.
Company has a low return on equity of 7.21% over last 3 years.
Dividend payout has been low at 5.85% of profits over last 3 years

* 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: Textiles Industry: Textiles - Cotton/Blended

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	253	282	285	253	235	227	238	224	266	228	260	235	254
	198	225	242	218	222	248	238	217	250	210	238	210	226
Operating Profit	55	57	43	35	13	-21	-0	7	16	18	21	25	28
OPM %	22%	20%	15%	14%	6%	-9%	-0%	3%	6%	8%	8%	11%	11%
	2	1	2	1	1	1	4	2	-1	2	13	2	2
Interest	8	5	8	10	9	9	8	10	12	8	10	10	9
Depreciation	8	8	8	8	8	9	8	7	5	5	5	5	5
Profit before tax	41	44	29	19	-4	-37	-13	-7	-1	6	19	12	14
Tax %	25%	23%	16%	25%	-19%	-24%	-29%	-58%	-0%	-36%	37%	24%	27%
	31	34	24	14	-3	-28	-9	-3	-1	9	12	9	11
EPS in Rs	25.80	28.50	20.21	11.62	-2.61	-23.28	-7.42	-2.58	-0.90	7.34	10.12	7.83	8.76
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	669	738	747	684	679	709	790	726	665	993	954	978	976
	592	656	725	654	650	687	732	677	571	803	923	912	884
Operating Profit	77	82	22	30	29	22	59	49	94	190	31	65	92
OPM %	12%	11%	3%	4%	4%	3%	7%	7%	14%	19%	3%	7%	9%
	11	12	17	-8	25	47	6	11	6	6	7	17	18
Interest	27	33	35	39	44	42	42	40	34	30	39	42	37
Depreciation	30	39	37	38	34	33	31	33	33	33	33	23	21
Profit before tax	31	21	-32	-56	-24	-6	-8	-13	33	134	-35	17	53
Tax %	40%	-48%	1%	-0%	-0%	-0%	-0%	28%	-0%	21%	-25%	3%
	19	30	-33	-56	-24	-6	-8	-17	33	105	-26	17	41
EPS in Rs	15.60	25.37	-27.20	-46.27	-19.69	-4.81	-6.89	-13.77	27.46	87.85	-21.68	13.98	34.05
Dividend Payout %	-0%	8%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	7%	-0%	11%

Compounded Sales Growth
10 Years:	3%
5 Years:	4%
3 Years:	14%
TTM:	2%

Compounded Profit Growth
10 Years:	-6%
5 Years:	28%
3 Years:	-28%
TTM:	191%

Stock Price CAGR
10 Years:	24%
5 Years:	88%
3 Years:	31%
1 Year:	129%

Return on Equity
10 Years:	-3%
5 Years:	6%
3 Years:	7%
Last Year:	3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	131	148	122	66	337	331	324	298	330	432	394	406	424
	439	448	383	399	352	380	354	308	329	360	379	373	351
	69	86	56	70	110	101	97	113	87	129	122	163	82
Total Liabilities	647	694	573	547	811	824	787	732	758	933	907	954	869
	209	364	336	314	557	533	512	470	444	433	447	449	448
CWIP	164	0	1	1	5	1	2	1	3	32	3	56	67
Investments	23	30	16	16	16	17	18	11	11	12	9	15	9
	250	299	220	216	233	272	255	249	301	456	447	434	345
Total Assets	647	694	573	547	811	824	787	732	758	933	907	954	869

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	29	35	91	29	20	11	75	61	26	56	49	121
	-146	-20	11	-7	67	3	-15	13	-16	-64	-31	-70
	119	-22	-104	-23	-87	-17	-68	-82	-17	1	-23	-50
Net Cash Flow	3	-7	-2	-1	0	-3	-8	-8	-7	-7	-5	1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	23	21	20	25	26	38	37	45	56	51	45	49
Inventory Days	155	171	76	124	131	127	103	106	134	180	142	137
Days Payable	12	20	13	20	20	29	22	38	30	29	37	61
Cash Conversion Cycle	166	172	83	129	137	135	117	112	159	203	150	125
Working Capital Days	70	80	43	41	38	90	61	67	116	120	115	95
ROCE %	10%	8%	-2%	-1%	2%	-1%	5%	4%	10%	22%	0%	7%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	61.50%	61.50%	61.50%	61.51%	61.51%	61.51%	61.51%	61.51%	61.51%	61.51%	61.51%	61.51%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.23%	0.23%
	0.11%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.18%
	38.38%	38.42%	38.49%	38.49%	38.49%	38.49%	38.49%	38.49%	38.49%	38.23%	38.17%	38.09%
No. of Shareholders	5,888	6,063	6,105	6,274	6,385	6,357	6,191	6,335	6,400	5,721	5,751	5,771

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	61.10%	61.11%	61.14%	61.14%	61.50%	61.50%	61.51%	61.51%	61.51%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.23%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.07%	0.00%	0.00%	0.18%
	0.00%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	38.89%	38.36%	38.85%	38.86%	38.49%	38.42%	38.49%	38.23%	38.09%
No. of Shareholders	6,021	5,930	5,299	5,210	4,969	6,063	6,357	5,721	5,771

* 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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