Punjab Communications Ltd
Incorporated in 1981, Punjab Communications Ltd (Puncom) is in the business of manufacturing of telecom product[1]
- Market Cap ₹ 62.7 Cr.
- Current Price ₹ 52.2
- High / Low ₹ 69.0 / 27.0
- Stock P/E
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE -32.6 %
- ROE -32.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 4.16 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -22.5% over past five years.
- Company has a low return on equity of -27.6% over last 3 years.
- Contingent liabilities of Rs.51.9 Cr.
- Company has high debtors of 352 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.
Peer comparison
Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
21.55 | 22.03 | 19.57 | 21.01 | 20.16 | 27.96 | 37.91 | 44.66 | 27.60 | 20.58 | 10.76 | 10.59 | 12.52 | |
31.33 | 33.74 | 36.60 | 39.09 | 39.25 | 42.72 | 50.82 | 55.94 | 47.53 | 40.57 | 31.57 | 27.07 | 21.70 | |
Operating Profit | -9.78 | -11.71 | -17.03 | -18.08 | -19.09 | -14.76 | -12.91 | -11.28 | -19.93 | -19.99 | -20.81 | -16.48 | -9.18 |
OPM % | -45.38% | -53.15% | -87.02% | -86.05% | -94.69% | -52.79% | -34.05% | -25.26% | -72.21% | -97.13% | -193.40% | -155.62% | -73.32% |
11.67 | 15.52 | 11.37 | 8.36 | 8.93 | 9.06 | 8.80 | 9.46 | 9.01 | 8.48 | 7.91 | 1.13 | 5.17 | |
Interest | 0.18 | 0.10 | 0.13 | 0.15 | 0.09 | 0.06 | 0.11 | 0.34 | 0.07 | 0.04 | 0.03 | 0.04 | 0.50 |
Depreciation | 0.70 | 0.60 | 0.52 | 0.39 | 0.22 | 0.53 | 0.61 | 0.55 | 0.44 | 0.35 | 0.29 | 0.23 | 0.20 |
Profit before tax | 1.01 | 3.11 | -6.31 | -10.26 | -10.47 | -6.29 | -4.83 | -2.71 | -11.43 | -11.90 | -13.22 | -15.62 | -4.71 |
Tax % | 27.72% | 3.54% | -8.56% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 5.52% | -0.00% | |
0.74 | 3.00 | -6.85 | -10.26 | -10.48 | -6.29 | -4.83 | -2.70 | -11.43 | -11.90 | -12.49 | -15.62 | -4.71 | |
EPS in Rs | 0.62 | 2.50 | -5.70 | -8.53 | -8.72 | -5.23 | -4.02 | -2.25 | -9.51 | -9.90 | -10.39 | -12.99 | -3.92 |
Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -7% |
5 Years: | -23% |
3 Years: | -27% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -27% |
3 Years: | 7% |
TTM: | 82% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | 24% |
3 Years: | 30% |
1 Year: | 78% |
Return on Equity | |
---|---|
10 Years: | -12% |
5 Years: | -18% |
3 Years: | -28% |
Last Year: | -33% |
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 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 |
Reserves | 97.24 | 100.24 | 92.33 | 82.07 | 71.59 | 65.35 | 61.53 | 58.58 | 46.22 | 35.08 | 22.36 | 6.59 | 3.02 |
0.02 | -0.00 | 1.02 | -0.00 | -0.00 | 0.50 | 1.89 | -0.00 | 0.39 | -0.00 | -0.00 | -0.00 | -0.00 | |
137.64 | 46.76 | 43.91 | 42.56 | 52.63 | 58.15 | 57.90 | 77.33 | 76.27 | 76.83 | 77.22 | 74.65 | 59.28 | |
Total Liabilities | 246.95 | 159.05 | 149.31 | 136.68 | 136.27 | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 74.35 |
5.44 | 4.98 | 4.50 | 4.19 | 5.66 | 5.66 | 5.65 | 5.32 | 4.97 | 4.63 | 4.12 | 3.89 | 3.80 | |
CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Investments | 1.16 | 1.23 | -0.00 | -0.00 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 |
240.35 | 152.84 | 144.81 | 132.49 | 123.62 | 123.40 | 120.73 | 135.65 | 122.97 | 112.34 | 100.52 | 82.41 | 63.56 | |
Total Assets | 246.95 | 159.05 | 149.31 | 136.68 | 136.27 | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 74.35 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-8.15 | -12.61 | -0.00 | -16.56 | -0.86 | -12.03 | -13.83 | -4.93 | -10.34 | -4.78 | -15.11 | -22.97 | |
10.35 | 11.66 | -0.00 | 18.79 | 1.38 | 10.41 | 15.75 | 4.00 | 14.22 | 5.90 | 8.64 | 23.08 | |
-0.10 | -0.09 | -0.00 | -1.14 | -0.07 | 0.45 | 1.29 | -2.21 | 0.33 | -0.42 | 3.88 | -0.04 | |
Net Cash Flow | 2.10 | -1.04 | -0.00 | 1.10 | 0.44 | -1.17 | 3.21 | -3.13 | 4.21 | 0.70 | -2.59 | 0.08 |
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 | 265.75 | 336.01 | 324.71 | 292.03 | 261.26 | 201.17 | 182.45 | 226.96 | 321.09 | 323.50 | 353.81 | 352.25 |
Inventory Days | 560.76 | 547.65 | 737.56 | 723.93 | 723.92 | 697.89 | 480.62 | 407.15 | 538.64 | 629.67 | 2,113.82 | 1,268.59 |
Days Payable | 3,580.02 | 738.46 | 763.12 | 553.25 | 568.95 | 478.95 | 316.73 | 297.62 | 381.05 | 537.64 | 1,645.34 | 1,098.87 |
Cash Conversion Cycle | -2,753.52 | 145.19 | 299.16 | 462.71 | 416.22 | 420.12 | 346.34 | 336.49 | 478.69 | 415.53 | 822.28 | 521.96 |
Working Capital Days | 185.46 | 252.67 | 423.38 | 361.70 | 203.86 | 120.36 | 110.82 | 38.25 | -34.52 | -257.88 | -752.73 | -840.98 |
ROCE % | 1.10% | 0.45% | -5.68% | -8.45% | -11.26% | -7.84% | -6.18% | -3.24% | -17.57% | -22.42% | -32.38% | -32.61% |
Documents
Announcements
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Regulation 40(9) Of The SEBI (LODR) Regulation, 2015
1d - Certificate from a practicing company secretary within one month of the end of the financial year. In this regard, please find enclosed a certificate received …
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Apr - In compliance with the Regulation 74(5) of the SEBI (Depositories and Participants) Regulation 2018, please find enclosed a copy of the confirmation Certificate issued by …
-
Compliance Certificate For The Year Ended 31St March, 2024
16 Apr - Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a compliance certificate duly signed by the Compliance Officer of Punjab Communications Limited (Listed Entity) …
- Announcement Under Regulation 30 (1) Of SEBI (LODR) Regulations, 2015 W.R.T. One Time Settlement Offer Given By UP Cooperative Spinning Mills Federation Ltd. W.R.T. Debenture Bonds 29 Mar
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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History[1]
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.