Punjab Communications Ltd

₹ 32.2 -1.07%
07 Dec - close price
About

Punjab Communications (Puncom) is an IT equipment and solution providing public sector company. Its business activity includes Telecom equipment manufacturing, IT and Software Solutions, Turnkey Projects & Repair and Maintenance. [1]

Key Points

Company History
The Co. was established in 1981 and promoted by the Punjab Govt. for enhancing the Electronics and Telecommunication industry in the region and got listed on Oct 1994. The co. has broadened its customer and product base through tie-ups with foreign companies including Huawei Technologies of China for the supply of DWDM equipment. Simultaneously, to improve the bottom line, the company went about developing its core markets of railways and power sector with its own products. [1]

  • Market Cap 38.8 Cr.
  • Current Price 32.2
  • High / Low 49.6 / 30.7
  • Stock P/E
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE -32.4 %
  • ROE -30.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.4% over past five years.
  • Company has a low return on equity of -22.7% over last 3 years.
  • Contingent liabilities of Rs.51.6 Cr.
  • Company has high debtors of 354 days.

* 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
4.32 9.14 6.09 2.88 4.14 6.37 7.19 3.11 3.63 1.47 2.56 1.62 3.28
9.76 13.48 11.72 8.53 9.82 10.97 11.25 8.13 8.66 7.26 7.53 7.84 7.64
Operating Profit -5.44 -4.34 -5.63 -5.65 -5.68 -4.60 -4.06 -5.02 -5.03 -5.79 -4.97 -6.22 -4.36
OPM % -125.93% -47.48% -92.45% -196.18% -137.20% -72.21% -56.47% -161.41% -138.57% -393.88% -194.14% -383.95% -132.93%
1.91 2.31 2.66 2.13 2.14 2.08 2.13 1.95 1.95 2.05 1.94 1.91 -5.11
Interest 0.03 0.01 0.01 0.01 0.02 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.01
Depreciation 0.13 0.10 0.09 0.11 0.07 0.09 0.09 0.06 0.09 0.07 0.07 0.06 0.06
Profit before tax -3.69 -2.14 -3.07 -3.64 -3.63 -2.61 -2.03 -3.13 -3.18 -3.81 -3.10 -4.37 -9.54
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.96% 0.00% 0.00% 0.00% 0.00%
Net Profit -3.68 -2.14 -3.06 -3.64 -3.63 -2.60 -2.03 -3.13 -2.44 -3.82 -3.10 -4.36 -9.53
EPS in Rs -3.06 -1.78 -2.54 -3.03 -3.02 -2.16 -1.69 -2.60 -2.03 -3.18 -2.58 -3.63 -7.93
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
17 22 22 20 21 20 28 38 45 28 21 11 9
26 31 34 37 39 39 43 51 56 48 41 32 30
Operating Profit -9 -10 -12 -17 -18 -19 -15 -13 -11 -20 -20 -21 -21
OPM % -51% -45% -53% -87% -86% -95% -53% -34% -25% -72% -97% -193% -239%
10 12 16 11 8 9 9 9 9 9 8 8 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 0 0 1 1 1 0 0 0 0
Profit before tax 0 1 3 -6 -10 -10 -6 -5 -3 -11 -12 -13 -21
Tax % 100% 28% 4% -9% 0% 0% 0% 0% 0% 0% 0% 6%
Net Profit 0 1 3 -7 -10 -10 -6 -5 -3 -11 -12 -12 -21
EPS in Rs 0.00 0.62 2.50 -5.70 -8.53 -8.72 -5.23 -4.02 -2.25 -9.51 -9.90 -10.39 -17.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: -17%
3 Years: -38%
TTM: -56%
Compounded Profit Growth
10 Years: %
5 Years: -47%
3 Years: %
TTM: -36%
Stock Price CAGR
10 Years: -14%
5 Years: -4%
3 Years: 41%
1 Year: -23%
Return on Equity
10 Years: -9%
5 Years: -14%
3 Years: -23%
Last Year: -31%

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 97 97 100 92 82 72 65 62 59 46 35 22 9
0 0 0 1 0 0 0 2 0 0 0 0 0
137 138 47 44 43 53 58 58 77 76 77 77 61
Total Liabilities 246 247 159 149 137 136 136 133 148 135 124 112 82
6 5 5 4 4 6 6 6 5 5 5 4 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 1 0 0 7 7 7 7 7 7 7 7
239 240 153 145 132 124 123 121 136 123 112 101 71
Total Assets 246 247 159 149 137 136 136 133 148 135 124 112 82

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
79 -8 -13 0 -17 -1 -12 -14 -5 -10 -5 -15
-80 10 12 0 19 1 10 16 4 14 6 9
-0 -0 -0 0 -1 -0 0 1 -2 0 -0 4
Net Cash Flow -1 2 -1 0 1 0 -1 3 -3 4 1 -3

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 452 266 336 325 292 261 201 182 227 321 324 354
Inventory Days 815 561 548 738 724 724 698 481 407 539 630 2,114
Days Payable 5,457 3,580 738 763 553 569 479 317 298 381 538 1,645
Cash Conversion Cycle -4,190 -2,754 145 299 463 416 420 346 336 479 416 822
Working Capital Days 210 185 253 423 362 204 120 111 38 -35 -258 -753
ROCE % 0% 1% 0% -6% -8% -11% -8% -6% -3% -18% -22% -32%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28
4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78
0.31 0.30 0.30 0.30 0.30 0.30 0.25 0.25 0.25 0.25 0.25 0.25
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
23.63 23.64 23.64 23.64 23.64 23.64 23.69 23.69 23.69 23.68 23.69 23.68

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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