Precision Wires India Ltd

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Precision Wires India is engaged in the business of manufacturing of Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor (CTC) and Paper / Mica / Nomex Insulated Copper Conductor (PICC) which are used by the electrical / electronics industries.

  • Market Cap 407 Cr.
  • Current Price 175
  • High / Low 187 / 62.0
  • Stock P/E 13.6
  • Book Value 126
  • Dividend Yield 1.72 %
  • ROCE 20.0 %
  • ROE 11.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.98%

Cons

  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
420 442 432 439 446 427 369 353 380 153 393 523
397 417 409 417 423 405 352 335 362 148 373 496
Operating Profit 23 26 23 22 23 22 18 19 18 5 19 26
OPM % 5% 6% 5% 5% 5% 5% 5% 5% 5% 3% 5% 5%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Interest 6 5 5 4 4 6 4 4 5 2 3 5
Depreciation 3 3 3 3 4 4 4 4 4 4 4 4
Profit before tax 14 18 16 15 16 13 9 11 9 -1 13 18
Tax % 42% 35% 35% 36% 35% 36% 10% 25% 17% 10% 24% 24%
Net Profit 8 12 10 10 10 8 8 8 7 -1 10 14
EPS in Rs 3.48 5.12 4.40 4.15 4.41 3.51 3.54 3.55 3.16 -0.43 4.33 5.88
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
536 630 874 932 976 982 881 843 884 1,408 1,758 1,526 1,448
520 586 811 894 936 928 833 792 830 1,322 1,665 1,453 1,379
Operating Profit 16 45 63 38 40 54 47 52 54 85 93 73 69
OPM % 3% 7% 7% 4% 4% 5% 5% 6% 6% 6% 5% 5% 5%
Other Income 1 4 1 1 1 5 3 2 3 2 2 4 0
Interest 4 5 5 6 5 24 14 11 9 15 17 19 15
Depreciation 10 11 12 13 13 12 20 16 14 14 13 16 16
Profit before tax 2 33 47 20 24 23 17 27 33 58 65 42 39
Tax % 44% 32% 34% 28% 33% 37% 40% 36% 32% 38% 35% 24%
Net Profit 1 23 31 14 16 14 10 17 23 36 42 32 30
EPS in Rs 0.50 9.79 13.42 6.13 6.90 6.25 4.37 7.36 9.75 15.56 18.09 13.76 12.94
Dividend Payout % 80% 22% 22% 25% 29% 80% 63% 44% 36% 29% 25% 18%
Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:20%
TTM:-9%
Compounded Profit Growth
10 Years:4%
5 Years:26%
3 Years:12%
TTM:-14%
Stock Price CAGR
10 Years:12%
5 Years:19%
3 Years:-16%
1 Year:37%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:15%
Last Year:12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 130 147 170 180 191 192 175 183 201 225 254 271 280
Borrowings 63 57 75 64 96 53 38 28 38 33 30 31 15
93 135 223 197 233 179 133 134 152 259 295 230 299
Total Liabilities 297 351 480 452 531 435 358 357 403 529 590 544 605
132 127 148 147 134 127 87 80 82 79 113 115 109
CWIP 3 5 5 3 3 3 3 12 5 10 10 4 4
Investments 0 0 0 0 20 0 0 2 1 1 1 1 25
163 218 326 302 374 306 268 263 315 438 465 423 467
Total Assets 297 351 480 452 531 435 358 357 403 529 590 544 605

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
24 31 65 7 27 6 32 45 13 95 59 48
-13 -8 -74 16 -31 37 -5 -19 -9 -17 -47 -13
-23 -15 8 -24 17 -57 -36 -27 -6 -31 -40 -31
Net Cash Flow -12 8 -1 -1 13 -13 -8 -1 -2 46 -27 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 17% 22% 10% 10% 17% 13% 17% 18% 28% 29% 20%
Debtor Days 54 80 80 66 72 69 57 58 75 66 61 64
Inventory Turnover 10.07 15.36 19.68 13.49 10.12 10.07 9.09 7.58 7.46 11.62 13.74 11.99

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67 59.67
0.85 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.29 0.00 0.00 0.00
0.28 0.07 0.06 0.13 0.14 0.16 0.05 0.02 0.00 0.00 0.00 0.00
39.20 39.45 39.46 39.39 39.38 39.37 39.48 39.50 40.05 40.33 40.33 40.33

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