Precot Ltd

₹ 228 -0.20%
16 Aug 1:06 p.m.
About

Incorporated as Premier Cotton Spinning Mills Limited in June 1962, the company was renamed as Precot Mills Limited in March 1984. After its merger with Meridian Industries Limited in 2006, the company was named as Precot Meridian Limited. On 15 December 2020, the company's name was finally changed to Precot Limited.

The company is engaged in the manufacturing of yarn, fabrics, and technical textile products. It also manufactures beauty and personal hygiene products. [1]

Key Points

Products & Usage:[1]
Precot offers a wide range of cotton products which are used for cosmetic, personal hygiene and medical use. viz.,
Cotton Pads: used for cosmetic, sanitary or medical purposes.
Cotton Balls: used for skincare and cosmetic needs and number of medical purposes
Exfoliating Pads: One side is textured for exfoliating while the other softer side is for gentle cleansing
Cotton Wool Rolls and Pleats: used for dressing wounds and applying medication
Cotton Spunlace: used in various hygiene and beauty products
Absorbent Cotton Fibre: used in medical industry for dressing and other purposes
Yarns & Threads: suitable for weaving, knitting, crocheting, sewing and textile production.

  • Market Cap 274 Cr.
  • Current Price 228
  • High / Low 400 / 207
  • Stock P/E 2.64
  • Book Value 370
  • Dividend Yield 2.62 %
  • ROCE 22.1 %
  • ROE 26.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.61 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.5% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.90% over past five years.
  • Company has a low return on equity of 11.5% for 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
186 182 177 181 89 179 179 219 174 253 282 285 253
172 174 169 163 85 158 155 175 140 198 225 242 218
Operating Profit 14 8 7 19 4 22 24 44 34 55 57 43 35
OPM % 8% 4% 4% 10% 5% 12% 13% 20% 20% 22% 20% 15% 14%
2 1 1 7 1 1 2 2 2 2 1 2 1
Interest 10 10 2 18 8 8 8 8 9 8 5 8 10
Depreciation 8 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax -1 -9 -2 -1 -11 6 9 29 19 41 44 29 19
Tax % 0% -41% 0% 0% 0% 0% 0% 0% 17% 25% 23% 16% 25%
Net Profit -1 -12 -2 -1 -11 6 9 29 16 31 34 24 14
EPS in Rs -1.19 -10.17 -1.74 -0.68 -9.28 4.68 7.85 24.21 13.36 25.80 28.50 20.19 11.62

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
598 603 669 738 747 684 679 709 790 726 665 993 1,073
513 625 592 656 725 654 650 687 732 677 571 805 883
Operating Profit 85 -22 77 82 22 30 29 22 59 49 94 189 190
OPM % 14% -4% 12% 11% 3% 4% 4% 3% 7% 7% 14% 19% 18%
3 5 11 12 17 -8 25 47 6 11 6 6 6
Interest 15 30 27 33 35 39 44 42 42 40 34 29 30
Depreciation 27 30 30 39 37 38 34 33 31 33 33 33 32
Profit before tax 46 -77 31 21 -32 -56 -24 -6 -8 -13 33 134 133
Tax % 26% 26% 40% -48% -1% 0% 0% 0% 0% -28% 0% 21%
Net Profit 34 -57 19 30 -33 -56 -24 -6 -8 -17 33 105 103
EPS in Rs 32.47 -50.77 15.60 25.37 -27.20 -46.27 -19.69 -4.81 -6.89 -13.77 27.46 87.85 86.11
Dividend Payout % 21% 0% 0% 8% 0% 0% 0% 0% 0% 0% 0% 7%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 8%
TTM: 43%
Compounded Profit Growth
10 Years: 14%
5 Years: 38%
3 Years: 145%
TTM: 72%
Stock Price CAGR
10 Years: 15%
5 Years: 25%
3 Years: 101%
1 Year: -10%
Return on Equity
10 Years: -1%
5 Years: 4%
3 Years: 12%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
7 7 8 12 12 12 12 12 12 12 12 12
Reserves 161 109 131 148 122 66 337 331 324 298 330 432
389 297 439 448 383 399 352 380 354 308 326 360
89 57 69 86 56 70 110 101 97 113 94 129
Total Liabilities 645 471 647 694 573 547 811 824 787 732 762 933
219 232 209 364 336 314 557 533 512 470 444 433
CWIP 3 12 164 0 1 1 5 1 2 1 3 32
Investments 30 27 23 30 16 16 16 17 18 11 11 12
393 200 250 299 220 216 233 272 255 249 305 456
Total Assets 645 471 647 694 573 547 811 824 787 732 762 933

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-103 166 29 35 91 29 20 11 75 61 26 56
-41 -48 -146 -20 11 -7 67 3 -15 13 -16 -55
144 -121 119 -22 -104 -23 -87 -17 -68 -82 -17 1
Net Cash Flow 1 -3 3 -7 -2 -1 0 -3 -8 -8 -7 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 26 19 23 21 20 25 26 38 37 45 56 51
Inventory Days 370 114 155 171 76 124 131 127 103 106 134 180
Days Payable 38 26 12 20 13 20 20 29 22 38 30 29
Cash Conversion Cycle 358 107 166 172 83 129 137 135 117 112 160 203
Working Capital Days 168 56 70 80 43 41 38 90 61 67 87 120
ROCE % 13% -10% 10% 8% -2% -1% 2% -1% 5% 4% 10% 22%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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