Vishnu Prakash R Punglia Ltd
"VISHNU PRAKASH R PUNGLIA LIMITED” is one of India's fastest-growing Infrastructure Development Companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.[1]
- Market Cap ₹ 2,047 Cr.
- Current Price ₹ 164
- High / Low ₹ 242 / 141
- Stock P/E 21.9
- Book Value ₹ 51.3
- Dividend Yield 0.00 %
- ROCE 33.9 %
- ROE 38.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 51.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 352 | 367 | 372 | 484 | 786 | 1,168 | 1,272 | |
| 320 | 333 | 334 | 439 | 699 | 1,012 | 1,103 | |
| Operating Profit | 31 | 35 | 38 | 45 | 87 | 157 | 169 |
| OPM % | 9% | 9% | 10% | 9% | 11% | 13% | 13% |
| 3 | 3 | 2 | 2 | 2 | 3 | 6 | |
| Interest | 14 | 18 | 18 | 18 | 24 | 30 | 38 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 7 | 10 |
| Profit before tax | 16 | 17 | 18 | 26 | 60 | 122 | 126 |
| Tax % | 31% | 27% | 31% | 26% | 26% | 26% | |
| 11 | 12 | 13 | 19 | 45 | 91 | 93 | |
| EPS in Rs | 4.01 | 4.34 | 4.50 | 6.74 | 15.93 | 9.70 | 8.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 46% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 93% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 32% |
| Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 93 | 125 |
| Reserves | 42 | 55 | 66 | 85 | 131 | 221 | 514 |
| 110 | 124 | 122 | 111 | 177 | 250 | 321 | |
| 36 | 34 | 92 | 107 | 163 | 261 | 296 | |
| Total Liabilities | 216 | 240 | 309 | 331 | 498 | 825 | 1,256 |
| 51 | 53 | 55 | 55 | 81 | 135 | 162 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 | 5 |
| Investments | 9 | 1 | 0 | 0 | 1 | 1 | 2 |
| 157 | 187 | 254 | 275 | 415 | 684 | 1,088 | |
| Total Assets | 216 | 240 | 309 | 331 | 498 | 825 | 1,256 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 16 | 12 | 38 | 35 | -3 | -8 | |
| -10 | -3 | -9 | -5 | -30 | -98 | |
| -7 | -10 | -25 | -29 | 42 | 108 | |
| Net Cash Flow | -0 | -1 | 3 | 1 | 9 | 2 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 76 | 50 | 91 | 75 | 54 | 62 |
| Inventory Days | 59 | 245 | 360 | 268 | 235 | 323 |
| Days Payable | 37 | 79 | 277 | 239 | 157 | 213 |
| Cash Conversion Cycle | 98 | 216 | 173 | 104 | 132 | 172 |
| Working Capital Days | 96 | 117 | 131 | 103 | 99 | 108 |
| ROCE % | 18% | 17% | 20% | 30% | 34% |
Business Operations[1]
** i) Water Supply Projects (WSP)** - The company has 36 years experience in executing WSPs comprising of construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants, and irrigation projects. It has executed 75+ WSPs and is one of the prominent cos in Rajasthan in water supply projects.