Pritika Engineering Components Ltd
Pritika Engineering manufactures customized products for tractors, commercial vehicles & other construction equipment, etc which are supplied to Original Equipment Manufacturers (OEMs) directly/through the group companies.[1]
- Market Cap ₹ 85.7 Cr.
- Current Price ₹ 65.0
- High / Low ₹ 96.0 / 28.0
- Stock P/E 21.0
- Book Value ₹ 29.3
- Dividend Yield 0.00 %
- ROCE 16.1 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.8% 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|
| 16.47 | 21.68 | 32.07 | 53.61 | 82.33 | 87.40 | |
| 14.69 | 19.10 | 28.91 | 47.28 | 72.02 | 75.79 | |
| Operating Profit | 1.78 | 2.58 | 3.16 | 6.33 | 10.31 | 11.61 |
| OPM % | 10.81% | 11.90% | 9.85% | 11.81% | 12.52% | 13.28% |
| 0.02 | 0.05 | 0.37 | 3.79 | 0.38 | 0.44 | |
| Interest | 1.19 | 1.70 | 1.91 | 2.19 | 3.64 | 3.70 |
| Depreciation | 0.51 | 0.78 | 1.04 | 2.06 | 2.79 | 2.98 |
| Profit before tax | 0.10 | 0.15 | 0.58 | 5.87 | 4.26 | 5.37 |
| Tax % | 20.00% | 6.67% | 34.48% | 6.47% | 16.90% | |
| 0.08 | 0.14 | 0.38 | 5.49 | 3.54 | 4.07 | |
| EPS in Rs | 0.16 | 0.28 | 0.50 | 7.19 | 3.25 | 3.39 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | 54% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 194% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 70% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 7.63 | 7.63 | 10.88 | 13.18 |
| Reserves | -0.03 | 0.39 | 4.99 | 8.89 | 16.76 | 25.48 |
| 18.60 | 20.23 | 21.97 | 25.08 | 28.88 | 40.81 | |
| 13.18 | 15.70 | 21.33 | 29.45 | 35.29 | 19.35 | |
| Total Liabilities | 36.75 | 41.32 | 55.92 | 71.05 | 91.81 | 98.82 |
| 16.79 | 16.50 | 32.93 | 40.99 | 45.11 | 46.24 | |
| CWIP | 6.50 | 9.99 | 2.22 | 1.43 | 0.78 | 4.45 |
| Investments | 0.00 | 1.69 | 2.65 | 0.00 | 8.32 | 8.32 |
| 13.46 | 13.14 | 18.12 | 28.63 | 37.60 | 39.81 | |
| Total Assets | 36.75 | 41.32 | 55.92 | 71.05 | 91.81 | 98.82 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 11.18 | 0.90 | 2.54 | 0.18 | 2.89 | |
| -24.21 | -5.42 | -10.79 | -4.15 | -14.39 | |
| 11.73 | 4.49 | 8.30 | 4.12 | 11.52 | |
| Net Cash Flow | -1.30 | -0.02 | 0.05 | 0.15 | 0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 113.02 | 85.19 | 55.54 | 95.25 | 59.14 |
| Inventory Days | 187.21 | 162.22 | 193.51 | 110.88 | 108.21 |
| Days Payable | 114.13 | 59.23 | 73.84 | 77.00 | 52.88 |
| Cash Conversion Cycle | 186.10 | 188.18 | 175.21 | 129.13 | 114.47 |
| Working Capital Days | 93.08 | 118.86 | 93.44 | 105.87 | 101.44 |
| ROCE % | 7.52% | 7.34% | 11.55% | 16.10% |
Business Area[1] Pritika Engineering Components Private Limited is engaged in the business of manufacturing precision-machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles, etc. The company manufactures various Tractors & Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports, etc.