Precot Ltd

₹ 184 -0.57%
25 Nov - close price
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 221 Cr.
  • Current Price 184
  • High / Low 400 / 180
  • Stock P/E 3.19
  • Book Value 373
  • Dividend Yield 3.26 %
  • ROCE 22.2 %
  • ROE 26.7 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.49 times its book value
  • Stock is providing a good dividend yield of 3.26%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.4% 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% 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
181.70 176.61 181.31 88.80 179.13 178.52 218.69 173.78 252.61 281.83 285.06 253.47 235.36
173.56 169.23 162.59 84.72 157.52 154.63 175.14 139.57 197.72 225.20 242.03 218.12 222.00
Operating Profit 8.14 7.38 18.72 4.08 21.61 23.89 43.55 34.21 54.89 56.63 43.03 35.35 13.36
OPM % 4.48% 4.18% 10.32% 4.59% 12.06% 13.38% 19.91% 19.69% 21.73% 20.09% 15.10% 13.95% 5.68%
0.93 0.74 6.85 1.23 0.79 1.65 2.03 2.00 2.14 0.52 1.83 1.46 0.62
Interest 9.61 2.04 17.93 8.05 8.47 7.90 8.30 8.62 7.60 4.70 8.06 10.10 9.47
Depreciation 8.09 8.17 8.45 8.39 8.32 8.22 8.23 8.21 8.16 8.18 7.97 8.06 8.39
Profit before tax -8.63 -2.09 -0.81 -11.13 5.61 9.42 29.05 19.38 41.27 44.27 28.83 18.65 -3.88
Tax % -41.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.29% 24.98% 22.75% 15.96% 25.20% 19.33%
Net Profit -12.20 -2.09 -0.81 -11.13 5.61 9.42 29.05 16.03 30.96 34.20 24.23 13.95 -3.13
EPS in Rs -10.17 -1.74 -0.68 -9.28 4.68 7.85 24.21 13.36 25.80 28.50 20.19 11.62 -2.61
Raw PDF

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 1,056
513 625 592 656 725 654 650 687 732 677 571 803 907
Operating Profit 85 -22 77 82 22 30 29 22 59 49 94 190 148
OPM % 14% -4% 12% 11% 3% 4% 4% 3% 7% 7% 14% 19% 14%
3 5 11 12 17 -8 25 47 6 11 6 6 4
Interest 15 30 27 33 35 39 44 42 42 40 34 30 32
Depreciation 27 30 30 39 37 38 34 33 31 33 33 33 33
Profit before tax 46 -77 31 21 -32 -56 -24 -6 -8 -13 33 134 88
Tax % 26% 26% 40% -48% -1% 0% 0% 0% 0% -28% 0% 21%
Net Profit 35 -57 19 30 -33 -56 -24 -6 -8 -17 33 105 69
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 57.70
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: 28%
Compounded Profit Growth
10 Years: 14%
5 Years: 38%
3 Years: 145%
TTM: -19%
Stock Price CAGR
10 Years: 11%
5 Years: 11%
3 Years: 86%
1 Year: -37%
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 Sep 2022
7 7 8 12 12 12 12 12 12 12 12 12 12
Reserves 161 109 131 148 122 66 337 331 324 298 330 432 435
389 297 439 448 383 399 352 380 354 308 329 360 412
89 57 69 86 56 70 110 101 97 113 87 129 120
Total Liabilities 645 471 647 694 573 547 811 824 787 732 758 933 979
219 232 209 364 336 314 557 533 512 470 444 433 461
CWIP 3 12 164 0 1 1 5 1 2 1 3 32 2
Investments 30 27 23 30 16 16 16 17 18 11 11 12 12
393 200 250 299 220 216 233 272 255 249 301 456 505
Total Assets 645 471 647 694 573 547 811 824 787 732 758 933 979

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 -64
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 -7

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 83 129 137 135 117 112 159 203
Working Capital Days 168 56 70 80 43 41 38 90 61 67 116 120
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.

Documents