Precision Wires India Ltd

Prec. Wires (I) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Precision Wires India Ltd

₹ 126 2.23%
16 Apr - close price
precisionwires.com BSE: 523539 NSE : PRECWIRE
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]

Website BSE NSE
  • Market Cap ₹ 2,254 Cr.
  • Current Price ₹ 126
  • High / Low ₹ 156 / 71.2
  • Stock P/E 35.3
  • Book Value ₹ 26.7
  • Dividend Yield 0.68 %
  • ROCE 26.8 %
  • ROE 14.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 35.9%
  • Debtor days have improved from 71.1 to 54.9 days.

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.

Peer comparison

Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
523 655 531 709 705 745 826 726 704 800 803 829 805
496 623 507 679 670 709 792 695 671 769 766 794 766
Operating Profit 26 32 24 30 35 35 34 31 33 31 36 35 39
OPM % 5% 5% 5% 4% 5% 5% 4% 4% 5% 4% 5% 4% 5%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 5 6 5 5 7 8 8 8 8 9 10 9 9
Depreciation 4 5 4 4 4 4 4 3 4 4 4 4 4
Profit before tax 18 22 15 21 24 24 23 20 21 18 22 22 25
Tax % 24% 23% 23% 28% 26% 24% 26% 25% 28% 29% 25% 27% 28%
14 17 12 15 18 18 17 15 15 13 17 16 18
EPS in Rs 0.78 0.96 0.67 0.86 1.05 1.05 0.97 0.84 0.87 0.72 0.93 0.92 1.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
932 976 982 881 843 884 1,408 1,758 1,526 1,719 2,683 3,055 3,237
894 935 928 833 792 830 1,322 1,665 1,453 1,640 2,566 2,927 3,095
Operating Profit 38 40 54 47 52 54 85 93 73 79 117 128 141
OPM % 4% 4% 5% 5% 6% 6% 6% 5% 5% 5% 4% 4% 4%
1 1 5 3 2 3 2 1 4 4 7 0 0
Interest 6 5 24 14 11 9 15 17 19 15 25 33 37
Depreciation 13 13 12 20 16 14 14 13 16 16 15 14 16
Profit before tax 20 24 23 17 27 33 58 65 42 52 84 81 87
Tax % 28% 33% 37% 40% 36% 32% 38% 35% 24% 24% 25% 27%
14 16 14 10 17 23 36 42 32 39 63 59 64
EPS in Rs 0.82 0.92 0.83 0.58 0.98 1.30 2.07 2.41 1.83 2.27 3.63 3.33 3.58
Dividend Payout % 25% 29% 80% 63% 44% 36% 29% 25% 18% 29% 50% 29%
Compounded Sales Growth
10 Years: 12%
5 Years: 17%
3 Years: 26%
TTM: 8%
Compounded Profit Growth
10 Years: 14%
5 Years: 11%
3 Years: 23%
TTM: -2%
Stock Price CAGR
10 Years: 36%
5 Years: 37%
3 Years: 74%
1 Year: 74%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 18 18
Reserves 180 191 192 175 183 201 225 254 271 304 353 432 459
64 96 53 38 28 38 33 30 31 22 22 16 48
197 233 179 133 134 152 259 295 230 448 491 462 395
Total Liabilities 452 531 435 358 357 403 529 590 544 786 879 928 919
147 134 127 87 80 82 79 113 115 110 100 116 125
CWIP 3 3 3 3 12 5 10 10 4 2 6 10 18
Investments 0 20 0 0 2 1 1 1 1 28 9 5 53
302 374 306 268 263 315 438 465 423 646 764 797 723
Total Assets 452 531 435 358 357 403 529 590 544 786 879 928 919

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 27 6 32 45 13 95 59 48 61 43 77
16 -31 37 -5 -19 -9 -17 -47 -13 -35 8 10
-24 17 -57 -36 -27 -6 -31 -40 -31 -31 -38 -53
Net Cash Flow -1 13 -13 -8 -1 -2 46 -27 4 -5 12 33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 66 72 69 57 58 75 66 61 64 93 65 55
Inventory Days 34 41 32 46 50 53 32 29 29 39 33 30
Days Payable 68 75 60 52 55 61 71 62 55 100 70 57
Cash Conversion Cycle 32 39 41 51 53 66 27 28 38 33 28 28
Working Capital Days 37 42 43 50 50 63 32 29 38 36 32 31
ROCE % 10% 10% 17% 13% 17% 18% 28% 29% 20% 20% 30%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 57.93% 57.93% 57.93% 57.93%
0.00% 0.16% 0.58% 0.84% 0.80% 0.70% 0.73% 0.61% 0.47% 0.11% 0.02% 0.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.07% 0.02% 0.00% 0.00% 0.00% 0.00%
40.33% 40.17% 39.75% 39.49% 39.53% 39.57% 39.52% 39.70% 41.60% 41.96% 42.04% 41.94%
No. of Shareholders 15,01515,88825,76747,73546,93748,26356,90553,93451,71950,92753,34556,707

* 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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