Precision Wires India Ltd
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]
- Market Cap ₹ 1,469 Cr.
- Current Price ₹ 82.0
- High / Low ₹ 96.0 / 38.0
- Stock P/E 24.7
- Book Value ₹ 25.2
- Dividend Yield 1.06 %
- ROCE 26.8 %
- ROE 14.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.9%
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
932 | 976 | 982 | 881 | 843 | 884 | 1,408 | 1,758 | 1,526 | 1,719 | 2,683 | 3,055 | |
894 | 935 | 928 | 833 | 792 | 830 | 1,322 | 1,665 | 1,453 | 1,640 | 2,566 | 2,927 | |
Operating Profit | 38 | 40 | 54 | 47 | 52 | 54 | 85 | 93 | 73 | 79 | 117 | 128 |
OPM % | 4% | 4% | 5% | 5% | 6% | 6% | 6% | 5% | 5% | 5% | 4% | 4% |
1 | 1 | 5 | 3 | 2 | 3 | 2 | 1 | 4 | 4 | 7 | 0 | |
Interest | 6 | 5 | 24 | 14 | 11 | 9 | 15 | 17 | 19 | 15 | 25 | 33 |
Depreciation | 13 | 13 | 12 | 20 | 16 | 14 | 14 | 13 | 16 | 16 | 15 | 14 |
Profit before tax | 20 | 24 | 23 | 17 | 27 | 33 | 58 | 65 | 42 | 52 | 84 | 81 |
Tax % | 28% | 33% | 37% | 40% | 36% | 32% | 38% | 35% | 24% | 24% | 25% | 27% |
Net Profit | 14 | 16 | 14 | 10 | 17 | 23 | 36 | 42 | 32 | 39 | 63 | 59 |
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 |
Dividend Payout % | 25% | 29% | 80% | 63% | 44% | 36% | 29% | 25% | 18% | 29% | 50% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 17% |
3 Years: | 26% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 23% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 18% |
3 Years: | 100% |
1 Year: | 62% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 18 | |
Reserves | 180 | 191 | 192 | 175 | 183 | 201 | 225 | 254 | 271 | 304 | 353 | 432 |
64 | 96 | 53 | 38 | 28 | 38 | 33 | 30 | 31 | 22 | 22 | 16 | |
197 | 233 | 179 | 133 | 134 | 152 | 259 | 295 | 230 | 448 | 491 | 462 | |
Total Liabilities | 452 | 531 | 435 | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 |
147 | 134 | 127 | 87 | 80 | 82 | 79 | 113 | 115 | 110 | 100 | 116 | |
CWIP | 3 | 3 | 3 | 3 | 12 | 5 | 10 | 10 | 4 | 2 | 6 | 10 |
Investments | 0 | 20 | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 28 | 9 | 5 |
302 | 374 | 306 | 268 | 263 | 315 | 438 | 465 | 423 | 646 | 764 | 797 | |
Total Assets | 452 | 531 | 435 | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 |
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% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication of Audited Results for the Quarter and year ended 31.03.2023
- Disclosure Of Related Party Transaction For The Half Year Ended 31.03.2023 27 May
- Board Meeting Outcome for Outcome Of The Meeting Held On 27.05.2023 - Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 27 May
- Audited Results For The Year Ended 31.03.2023 27 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
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]