Precision Wires India Ltd

₹ 69.3 -0.14%
02 Feb 12:51 p.m.
About

Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia. [1][2][3]

Key Points

Leading Player
PWIL is a leading player in the organized copper winding wires market in India. Company is into the business of conversion of copper into winding wires. These winding wires are basic component in supply chain of manufacturing of electrical goods. [1]

  • Market Cap 1,202 Cr.
  • Current Price 69.3
  • High / Low 87.0 / 38.0
  • Stock P/E 17.7
  • Book Value 22.3
  • Dividend Yield 1.26 %
  • ROCE 30.1 %
  • ROE 18.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 32.4%

Cons

  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
369 353 380 153 393 523 655 531 709 705 745 826 726
352 335 362 148 373 496 623 507 679 670 709 792 695
Operating Profit 18 19 18 5 19 26 32 24 30 35 35 34 31
OPM % 5% 5% 5% 3% 5% 5% 5% 5% 4% 5% 5% 4% 4%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 4 4 5 2 3 5 6 5 5 7 8 8 8
Depreciation 4 4 4 4 4 4 5 4 4 4 4 4 3
Profit before tax 9 11 9 -1 13 18 22 15 21 24 24 23 20
Tax % 10% 25% 17% 10% 24% 24% 23% 23% 28% 26% 24% 26% 25%
Net Profit 8 8 7 -1 10 14 17 12 15 18 18 17 15
EPS in Rs 0.47 0.47 0.42 -0.06 0.58 0.78 0.96 0.67 0.86 1.05 1.05 0.97 0.84
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
874 932 976 982 881 843 884 1,408 1,758 1,526 1,719 2,683 3,002
811 894 935 928 833 792 830 1,322 1,665 1,453 1,640 2,566 2,867
Operating Profit 63 38 40 54 47 52 54 85 93 73 79 117 135
OPM % 7% 4% 4% 5% 5% 6% 6% 6% 5% 5% 5% 4% 4%
1 1 1 5 3 2 3 2 1 4 4 7 0
Interest 5 6 5 24 14 11 9 15 17 19 15 25 30
Depreciation 12 13 13 12 20 16 14 14 13 16 16 15 14
Profit before tax 47 20 24 23 17 27 33 58 65 42 52 84 91
Tax % 34% 28% 33% 37% 40% 36% 32% 38% 35% 24% 24% 25%
Net Profit 31 14 16 14 10 17 23 36 42 32 39 63 68
EPS in Rs 1.79 0.82 0.92 0.83 0.58 0.98 1.30 2.07 2.41 1.83 2.27 3.63 3.91
Dividend Payout % 22% 25% 29% 80% 63% 44% 36% 29% 25% 18% 29% 50%
Compounded Sales Growth
10 Years: 11%
5 Years: 25%
3 Years: 15%
TTM: 24%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 15%
TTM: 20%
Stock Price CAGR
10 Years: 29%
5 Years: 16%
3 Years: 49%
1 Year: -5%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 15%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 170 180 191 192 175 183 201 225 254 271 304 353 376
75 64 96 53 38 28 38 33 30 31 22 22 20
223 197 233 179 133 134 152 259 295 230 448 491 348
Total Liabilities 480 452 531 435 358 357 403 529 590 544 786 879 755
148 147 134 127 87 80 82 79 113 115 110 100 97
CWIP 5 3 3 3 3 12 5 10 10 4 2 6 9
Investments 0 0 20 0 0 2 1 1 1 1 28 9 3
326 302 374 306 268 263 315 438 465 423 646 764 646
Total Assets 480 452 531 435 358 357 403 529 590 544 786 879 755

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
65 7 27 6 32 45 13 95 59 48 61 43
-74 16 -31 37 -5 -19 -9 -17 -47 -13 -35 8
8 -24 17 -57 -36 -27 -6 -31 -40 -31 -31 -38
Net Cash Flow -1 -1 13 -13 -8 -1 -2 46 -27 4 -5 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 80 66 72 69 57 58 75 66 61 64 93 65
Inventory Days 24 34 41 32 46 50 53 32 29 29 39 33
Days Payable 71 68 75 60 52 55 61 71 62 55 100 70
Cash Conversion Cycle 33 32 39 41 51 53 66 27 28 38 33 28
Working Capital Days 36 37 42 43 50 50 63 32 29 38 36 32
ROCE % 22% 10% 10% 17% 13% 17% 18% 28% 29% 20% 20% 30%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67
0.29 0.00 0.00 0.00 0.00 0.00 0.16 0.58 0.84 0.80 0.70 0.73
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.07
40.05 40.33 40.33 40.33 40.33 40.33 40.17 39.75 39.49 39.53 39.57 39.52

* 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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