Precot Ltd
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]
- Market Cap ₹ 213 Cr.
- Current Price ₹ 178
- High / Low ₹ 288 / 128
- Stock P/E
- Book Value ₹ 338
- Dividend Yield 3.38 %
- ROCE 0.20 %
- ROE -6.12 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.11% over past five years.
- Company has a low return on equity of 9.73% over last 3 years.
- Dividend payout has been low at 2.28% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
603 | 669 | 738 | 747 | 684 | 679 | 709 | 790 | 726 | 665 | 993 | 954 | |
625 | 592 | 656 | 725 | 654 | 650 | 687 | 732 | 677 | 571 | 803 | 926 | |
Operating Profit | -22 | 77 | 82 | 22 | 30 | 29 | 22 | 59 | 49 | 94 | 190 | 28 |
OPM % | -4% | 12% | 11% | 3% | 4% | 4% | 3% | 7% | 7% | 14% | 19% | 3% |
5 | 11 | 12 | 17 | -8 | 25 | 47 | 6 | 11 | 6 | 6 | 7 | |
Interest | 30 | 27 | 33 | 35 | 39 | 44 | 42 | 42 | 40 | 34 | 30 | 36 |
Depreciation | 30 | 30 | 39 | 37 | 38 | 34 | 33 | 31 | 33 | 33 | 33 | 33 |
Profit before tax | -77 | 31 | 21 | -32 | -56 | -24 | -6 | -8 | -13 | 33 | 134 | -35 |
Tax % | 26% | 40% | -48% | -1% | 0% | 0% | 0% | 0% | -28% | 0% | 21% | 25% |
Net Profit | -57 | 19 | 30 | -33 | -56 | -24 | -6 | -8 | -17 | 33 | 105 | -26 |
EPS in Rs | -50.77 | 15.60 | 25.37 | -27.20 | -46.27 | -19.69 | -4.81 | -6.89 | -13.77 | 27.46 | 87.85 | -21.68 |
Dividend Payout % | 0% | 0% | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | -20% |
TTM: | -125% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 28% |
3 Years: | 105% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | -2% |
5 Years: | 5% |
3 Years: | 10% |
Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 8 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |
Reserves | 109 | 131 | 148 | 122 | 66 | 337 | 331 | 324 | 298 | 330 | 432 | 394 |
297 | 439 | 448 | 383 | 399 | 352 | 380 | 354 | 308 | 329 | 360 | 379 | |
57 | 69 | 86 | 56 | 70 | 110 | 101 | 97 | 113 | 87 | 129 | 122 | |
Total Liabilities | 471 | 647 | 694 | 573 | 547 | 811 | 824 | 787 | 732 | 758 | 933 | 907 |
232 | 209 | 364 | 336 | 314 | 557 | 533 | 512 | 470 | 444 | 433 | 447 | |
CWIP | 12 | 164 | 0 | 1 | 1 | 5 | 1 | 2 | 1 | 3 | 32 | 3 |
Investments | 27 | 23 | 30 | 16 | 16 | 16 | 17 | 18 | 11 | 11 | 12 | 9 |
200 | 250 | 299 | 220 | 216 | 233 | 272 | 255 | 249 | 301 | 456 | 447 | |
Total Assets | 471 | 647 | 694 | 573 | 547 | 811 | 824 | 787 | 732 | 758 | 933 | 907 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
166 | 29 | 35 | 91 | 29 | 20 | 11 | 75 | 61 | 26 | 56 | 49 | |
-48 | -146 | -20 | 11 | -7 | 67 | 3 | -15 | 13 | -16 | -64 | -30 | |
-121 | 119 | -22 | -104 | -23 | -87 | -17 | -68 | -82 | -17 | 1 | -23 | |
Net Cash Flow | -3 | 3 | -7 | -2 | -1 | 0 | -3 | -8 | -8 | -7 | -7 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 23 | 21 | 20 | 25 | 26 | 38 | 37 | 45 | 56 | 51 | 45 |
Inventory Days | 114 | 155 | 171 | 76 | 124 | 131 | 127 | 103 | 106 | 134 | 180 | 142 |
Days Payable | 26 | 12 | 20 | 13 | 20 | 20 | 29 | 22 | 38 | 30 | 29 | 37 |
Cash Conversion Cycle | 107 | 166 | 172 | 83 | 129 | 137 | 135 | 117 | 112 | 159 | 203 | 150 |
Working Capital Days | 56 | 70 | 80 | 43 | 41 | 38 | 90 | 61 | 67 | 116 | 120 | 116 |
ROCE % | -10% | 10% | 8% | -2% | -1% | 2% | -1% | 5% | 4% | 10% | 22% | 0% |
Documents
Announcements
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.