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Pacific Industries Overview

1. Business Overview

Pacific Industries Ltd. is an Indian company primarily engaged in the manufacturing, processing, and trading of materials within the building construction and interior design sector. Its core business revolves around products like ceramics, marble, granite, and sanitaryware. The company likely operates with a business-to-business (B2B) model, supplying to real estate developers, construction companies, and infrastructure projects, as well as a business-to-consumer (B2C) model through retail channels for home improvement and renovation. It generates revenue by selling finished products such as tiles, slabs, and sanitary fittings.

2. Key Segments / Revenue Mix

Based on the provided information, the company's operations are categorized within the broad segments of Ceramics, Marble, Granite, and Sanitaryware. Specific revenue contribution percentages for each of these product categories are not available from the provided data. These likely represent distinct product lines or divisions within the company's overall operations.

3. Industry & Positioning

The Indian Ceramics, Marble, Granite, and Sanitaryware industry is highly competitive, characterized by both organized and unorganized players. It is driven by factors such as urbanization, growth in the real estate and construction sectors, rising disposable incomes, and increasing demand for modern housing and commercial spaces. The industry typically involves significant capital expenditure for manufacturing and processing facilities. Without specific market share data, Pacific Industries Ltd. likely operates as one of many players within this competitive landscape, serving regional or national markets. Its positioning would depend on its product quality, design innovation, distribution reach, and pricing strategy relative to larger, established brands and smaller, regional competitors.

4. Competitive Advantage (Moat)

Information is limited regarding specific durable competitive advantages for Pacific Industries Ltd. However, potential sources of competitive advantage in this industry could include:

Established Brand: A recognized brand in specific regions or product categories could foster customer loyalty.

Economies of Scale: Efficient manufacturing processes and large-scale production could lead to cost advantages.

Distribution Network: A wide and effective distribution network across India (or specific regions) could provide significant reach.

Product Differentiation: Superior quality, unique designs, or specialized product offerings could differentiate it from competitors.

Without detailed information, it is difficult to ascertain the strength or presence of a clear, long-lasting moat.

5. Growth Drivers

Key factors that could drive Pacific Industries Ltd.'s growth over the next 3-5 years include:

Urbanization and Housing Demand: Continued growth in urban populations and government initiatives promoting affordable housing will fuel demand for building materials.

Infrastructure Development: Government spending on infrastructure projects (e.g., airports, smart cities) will boost demand for ceramic, marble, and granite products.

Renovation Market: A growing trend of home renovation and refurbishment, driven by rising disposable incomes, will create demand for upgraded sanitaryware and tiling.

Premiumization Trend: Increasing consumer preference for higher-quality, designer, and branded products in both residential and commercial segments.

Expansion of Distribution: Widening its sales network and increasing market penetration, potentially into new geographies or through new retail formats.

6. Risks

Cyclicality of Real Estate: The company's performance is closely tied to the real estate and construction sectors, which are prone to economic cycles and slowdowns.

Raw Material Price Volatility: Fluctuations in the prices of key raw materials (e.g., clay, feldspar, quartz, natural stone blocks) and energy costs (natural gas, coal) can impact profitability.

Intense Competition: The presence of numerous organized and unorganized players, including large corporations and imported products, can lead to pricing pressures and market share erosion.

Regulatory Changes: Changes in government policies, environmental regulations, or taxation (e.g., GST rates) could affect operations and costs.

Interest Rate Sensitivity: High interest rates can increase borrowing costs for the company and also dampen demand in the housing sector.

7. Management & Ownership

Pacific Industries Ltd. is a publicly listed company in India, and like many Indian firms, it is likely driven by a promoter group (founding family or individuals). The promoter group typically holds a significant stake in the company, influencing its long-term strategy and vision. Details on the specific quality of management, their experience, or the full ownership structure (institutional vs. public holding) would require access to annual reports and public filings.

8. Outlook

Pacific Industries Ltd. operates in a sector with significant long-term growth potential in India, driven by urbanization, infrastructure development, and increasing consumer affluence. The company's presence across ceramics, marble, granite, and sanitaryware positions it to cater to diverse segments of the building materials market.

However, the sector is also characterized by intense competition and sensitivity to economic cycles, particularly the real estate market. The company's ability to maintain profitability will depend on its capacity to manage raw material and energy costs, innovate in product design, expand its distribution network effectively, and differentiate itself from competitors. Sustained growth will require efficient operations, strong brand building, and strategic market penetration in a dynamic and competitive environment.

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Pacific Industries Key Financials

Market Cap ₹99 Cr.

Stock P/E 12.9

P/B 0.2

Current Price ₹143.2

Book Value ₹ 641.3

Face Value 10

52W High ₹238.7

Dividend Yield 0%

52W Low ₹ 110.2

Pacific Industries Share Price

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Volume
Price

Pacific Industries Quarterly Price

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Pacific Industries Peer Comparison

Pacific Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 35 45 60 59 63 63 60 50 40 27
Other Income 5 5 3 3 5 2 3 1 2 1
Total Income 40 50 63 62 67 66 62 51 42 28
Total Expenditure 35 41 54 55 61 60 56 46 38 25
Operating Profit 5 8 9 7 7 6 6 5 4 3
Interest 1 1 1 2 1 1 1 1 1 1
Depreciation 3 3 3 3 2 2 3 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 5 5 3 3 2 2 1 0 -1
Provision for Tax 0 2 1 1 1 1 -0 0 0 -1
Profit After Tax 1 3 5 2 2 1 2 1 0 0
Adjustments 0 -0 0 0 0 0 -0 0 0 -0
Profit After Adjustments 1 3 5 2 2 1 2 1 0 0
Adjusted Earnings Per Share 2.1 4.4 6.8 2.5 3.3 1.9 3.4 1.3 0.5 0.5

Pacific Industries Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 95 68 102 99 178 285 187 190 244 177
Other Income 7 6 6 10 8 8 16 17 13 7
Total Income 102 74 108 109 186 293 204 207 257 183
Total Expenditure 96 67 102 98 160 258 180 179 232 165
Operating Profit 6 7 6 11 26 36 23 27 25 18
Interest 1 3 1 3 3 4 4 3 6 4
Depreciation 4 3 4 7 8 11 11 11 10 9
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 1 15 22 8 13 10 2
Provision for Tax 0 0 0 0 5 6 2 1 2 -1
Profit After Tax 1 0 -0 0 10 16 7 12 8 3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 -0 0 10 16 7 12 8 3
Adjusted Earnings Per Share 2.6 1.7 -0.6 0.8 19.7 30.1 9.4 17.2 11.1 5.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% -5% 20% 0%
Operating Profit CAGR -7% -11% 18% 0%
PAT CAGR -33% -21% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -36% 4% 1% 7%
ROE Average 2% 2% 3% 2%
ROCE Average 3% 3% 4% 3%

Pacific Industries Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 315 315 315 340 351 367 421 434 442
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 25 25 22 22 22 25 17 12 19
Other Non-Current Liabilities 2 2 2 2 5 6 4 8 7
Total Current Liabilities 65 83 92 59 97 112 76 100 120
Total Liabilities 407 425 431 423 475 511 518 554 588
Fixed Assets 27 28 36 88 89 115 104 115 106
Other Non-Current Assets 94 142 196 164 149 156 211 222 216
Total Current Assets 285 253 197 170 236 239 203 216 264
Total Assets 407 425 431 423 475 511 518 554 588

Pacific Industries Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 2 2 2 11 3 3 2
Cash Flow from Operating Activities -125 59 87 -4 25 6 11 36 0
Cash Flow from Investing Activities 124 -64 -79 -17 -20 -41 -38 -29 -16
Cash Flow from Financing Activities 3 3 -8 22 4 27 27 -9 17
Net Cash Inflow / Outflow 2 -2 -0 1 9 -8 -0 -1 2
Closing Cash & Cash Equivalent 4 2 2 2 11 3 3 2 3

Pacific Industries Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.59 1.72 -0.6 0.84 19.66 30.05 9.44 17.23 11.1
CEPS(Rs) 20.6 18.03 20.67 14.29 35.6 50.44 25.99 32.87 25.68
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1535.97 1531.3 1531.03 641.24 661.22 691.9 609.61 628.35 638.62
Core EBITDA Margin(%) -0.98 0.76 -0.27 0.65 10.5 9.73 3.76 5.61 5.23
EBIT Margin(%) 2.21 5.11 1.56 3.78 10.03 8.79 6.45 8.74 6.3
Pre Tax Margin(%) 0.7 0.94 0.21 0.62 8.41 7.56 4.37 7.01 3.94
PAT Margin (%) 0.55 0.52 -0.12 0.45 5.84 5.58 3.47 6.25 3.13
Cash Profit Margin (%) 4.39 5.43 4.14 7.66 10.58 9.36 9.56 11.93 7.24
ROA(%) 0.13 0.08 -0.03 0.1 2.32 3.23 1.27 2.22 1.34
ROE(%) 0.17 0.11 -0.04 0.14 3.02 4.44 1.65 2.78 1.75
ROCE(%) 0.6 0.98 0.45 1.02 4.58 5.98 2.64 3.46 3.09
Receivable days 180.98 280.08 196.14 170.51 82.3 54.04 88.58 93.82 78.19
Inventory Days 215.36 301.04 181.87 188.59 125.89 90.56 116.3 87.26 74.68
Payable days 267.22 641.36 276.19 253.85 144.48 96.67 107.28 119.06 149.67
PER(x) 31.85 54.08 0 54.14 4.84 9.86 12.32 10.23 18.42
Price/Book(x) 0.05 0.06 0.05 0.07 0.14 0.43 0.19 0.28 0.32
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.54 0.83 0.44 0.57 0.39 0.71 0.49 0.66 0.73
EV/Core EBITDA(x) 8.74 8.28 7.56 5.15 2.61 5.67 3.88 4.58 6.98
Net Sales Growth(%) 0 -28.86 51 -3.16 80.36 60.04 -34.3 1.37 28.66
EBIT Growth(%) 0 64.2 -54.14 134.66 378.43 40.24 -51.82 37.45 -7.25
PAT Growth(%) 0 -33.48 -135.12 460.23 2236.94 52.85 -59.12 82.56 -35.61
EPS Growth(%) 0 -33.48 -135.12 239.12 2236.9 52.85 -68.59 82.56 -35.61
Debt/Equity(x) 0.12 0.14 0.12 0.12 0.14 0.2 0.13 0.12 0.17
Current Ratio(x) 4.4 3.06 2.15 2.9 2.44 2.14 2.69 2.16 2.2
Quick Ratio(x) 3.53 2.39 1.65 1.95 1.74 1.48 2.09 1.71 1.75
Interest Cover(x) 1.46 1.23 1.16 1.2 6.18 7.13 3.11 5.04 2.67
Total Debt/Mcap(x) 2.28 2.29 2.28 1.72 0.98 0.46 0.7 0.41 0.52

Pacific Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 67.13 67.16 67.16 71.6 71.6 71.6 71.6 71.6 71.6 71.6
FII 0 0 0 0 0 0 0 0 0 0
DII 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Public 32.8 32.78 32.78 28.33 28.33 28.33 28.33 28.33 28.33 28.33
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pacific Industries News

Pacific Industries Pros & Cons

Pros

  • Stock is trading at 0.2 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 119.06 to 149.67days.
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