Palred Technologies

₹119 -1.5 | 1.2%

WEBSITE BSE:532521 NSE : PALREDTEC 18 May, 12:50

Market Cap ₹146 Cr.

Stock P/E -38.4

P/B 2.6

Current Price ₹119

Book Value ₹ 45.8

Face Value 10

52W High ₹229.3

Dividend Yield 0%

52W Low ₹ 115.3

Edit Ratio

Palred Technologies Research see more...

Overview Inc. Year: 1999Industry: IT - Software

Palred Technologies Ltd is a dynamic technology company specializing in innovative solutions for diverse industries. With a strong focus on cutting-edge technologies, Palred leverages its expertise to develop and deploy software, mobile applications, and e-commerce platforms. Through its subsidiaries, the company offers a wide range of products and services, including mobile accessories, consumer electronics, and digital marketing solutions. Palred is committed to driving digital transformation by delivering high-quality, user-centric products and services that enhance convenience and efficiency. With a track record of innovation and a customer-centric approach, Palred Technologies Ltd continues to play a pivotal role in shaping the technological landscape across various sectors.

Palred Technologies Share Price

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Peer Comparison

Palred Technologies Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	47	30	24	36	49	31	32	33	42	19
Other Income	0	0	0	1	1	1	1	1	1	1
Total Income	48	30	24	37	49	32	32	34	42	20
Total Expenditure	46	30	25	35	47	31	32	33	40	21
Operating Profit	2	-0	-0	2	2	1	1	1	2	-1
Interest	1	1	1	1	1	1	2	2	2	1
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	-1	-1	1	1	-1	-1	-1	0	-3
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	1	-1	-1	1	1	-1	-1	-1	0	-3
Adjustments	-0	0	0	-0	-0	0	0	0	0	1
Profit After Adjustments	0	-1	-1	1	1	-1	-1	-1	0	-2
Adjusted Earnings Per Share	0.4	-1.4	-1	0.6	0.9	-0.5	-0.8	-0.6	0.2	-1.9

Palred Technologies Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	126	133	7	38	41	51	34	46	117	128	148	126
Other Income	1	1	7	3	2	3	2	2	2	1	3	4
Total Income	127	134	14	41	43	54	36	47	119	129	151	128
Total Expenditure	112	111	12	62	53	59	44	50	112	126	145	126
Operating Profit	16	23	1	-20	-11	-5	-8	-3	7	2	5	3
Interest	2	2	0	0	0	0	0	1	3	4	5	7
Depreciation	2	2	0	1	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	-50	-3	0	0	-1	0	-2	0	0	0	0	0
Profit Before Tax	-39	16	1	-21	-12	-6	-11	-5	3	-2	-0	-5
Provision for Tax	4	5	0	0	1	0	0	0	0	0	0	0
Profit After Tax	-43	12	1	-22	-13	-6	-11	-5	3	-2	-0	-5
Adjustments	0	0	0	5	2	1	1	-0	-1	-0	0	1
Profit After Adjustments	-43	12	1	-17	-11	-5	-10	-5	3	-2	-0	-4
Adjusted Earnings Per Share	-21.9	5.9	0.6	-20.4	-13.8	-5.6	-10.6	-4.8	2.6	-1.8	-0	-3.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	48%	24%	2%
Operating Profit CAGR	150%	0%	0%	-11%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-15%	-5%	33%	15%
ROE Average	-1%	2%	-8%	-14%
ROCE Average	5%	7%	-4%	-10%

Palred Technologies Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	123	136	90	41	28	43	32	27	29	36	60
Minority's Interest	0	0	3	1	0	1	2	2	2	3	2
Borrowings	14	5	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-5	-3	0	0	0	0	1	0	2	2	5
Total Current Liabilities	57	51	2	11	7	8	3	19	33	35	63
Total Liabilities	190	189	95	53	35	52	36	48	67	76	130
Fixed Assets	133	133	3	5	4	4	1	2	3	2	7
Other Non-Current Assets	4	5	4	4	3	3	3	3	4	4	5
Total Current Assets	53	50	88	45	29	46	32	42	61	69	119
Total Assets	190	189	95	53	35	52	36	48	67	76	130

Palred Technologies Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	14	17	0	2	3	1	3	4	4	1	0
Cash Flow from Operating Activities	11	10	-8	-17	-16	-9	-14	-15	-13	-3	-18
Cash Flow from Investing Activities	-4	0	9	48	14	-11	15	4	-3	-4	-25
Cash Flow from Financing Activities	-5	-6	0	-30	0	22	-0	11	13	7	43
Net Cash Inflow / Outflow	3	4	2	1	-1	2	1	0	-3	-0	0
Closing Cash & Cash Equivalent	16	20	2	3	1	3	4	4	1	0	0

Palred Technologies Ratios

#	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-21.89	5.92	0.64	-20.37	-13.75	-5.62	-10.59	-4.78	2.58	-1.76	-0.03
CEPS(Rs)	-20.93	6.86	0.68	-25.56	-14.82	-5.69	-10.84	-3.96	4.25	-1.07	0.5
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	62.95	69.48	45.94	50.18	34.49	43.87	32.39	27.73	30.11	36.8	48.86
Core EBITDA Margin(%)	11.71	16.08	-73.07	-61.7	-29.68	-15.69	-29.68	-9.65	4.48	1.12	1.81
EBIT Margin(%)	-28.65	13.65	13.01	-55.17	-29.57	-12.37	-32.77	-7.88	5.39	1.44	2.9
Pre Tax Margin(%)	-30.53	12.1	12.87	-56.24	-29.6	-12.54	-33.15	-10.11	2.92	-1.3	-0.3
PAT Margin (%)	-33.75	8.7	12.71	-56.49	-31.41	-12.54	-33.15	-10.11	2.92	-1.3	-0.3
Cash Profit Margin (%)	-32.28	10.09	18.9	-54.99	-29.57	-10.81	-31.08	-8.45	3.53	-0.81	0.41
ROA(%)	-20.7	6.09	0.63	-29.12	-29.13	-14.64	-25.37	-10.91	5.91	-2.33	-0.44
ROE(%)	-30.42	8.94	0.8	-32.97	-37.2	-18.09	-30.31	-15.75	12.15	-5.11	-0.94
ROCE(%)	-21.22	11.53	0.73	-32.19	-35.02	-17.75	-29.83	-10.16	13.09	2.95	4.71
Receivable days	71.42	60.58	0	0	0	0	15.96	27.99	35.33	44.22	53.41
Inventory Days	0	0	241.37	49.09	43.35	35.37	53.56	64.09	41.53	52.41	63.52
Payable days	0	0	817.75	38.58	59.83	57.65	41.25	20.87	10.11	4.72	1.32
PER(x)	0	4.07	55.99	0	0	0	0	0	36.57	0	0
Price/Book(x)	0.28	0.35	0.78	2.5	4.59	1.6	0.96	0.34	3.14	4.09	2.8
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.37	0.39	9.65	2.62	3.12	0.79	0.22	0.06	0.87	1.21	1.18
EV/Core EBITDA(x)	3.02	2.3	50.25	-4.88	-12.07	-7.42	-0.89	-0.99	14.47	62.49	32.53
Net Sales Growth(%)	3.58	4.89	-94.68	441.62	7.81	24.42	-33.75	34.25	156.82	9.05	16.01
EBIT Growth(%)	-808.58	149.99	-94.93	-2396.68	42.2	47.97	-75.57	67.74	275.62	-70.86	133.41
PAT Growth(%)	-1477.99	127.03	-92.23	-2507.63	40.05	50.33	-75.13	59.04	174.24	-148.64	73.05
EPS Growth(%)	-1475.43	127.03	-89.16	-3276.89	32.48	59.11	-88.23	54.81	153.98	-168.2	98.23
Debt/Equity(x)	0.24	0.19	0	0	0	0.01	0	0.45	0.95	0.88	0.92
Current Ratio(x)	0.92	0.98	36.47	3.93	4.27	5.66	12.69	2.22	1.84	1.99	1.89
Quick Ratio(x)	0.92	0.98	34.53	3.44	3.66	4.96	11.04	1.6	1.39	1.36	1.42
Interest Cover(x)	-15.19	8.79	93.55	-51.49	-1056.61	-71.81	-87.96	-3.52	2.19	0.52	0.91
Total Debt/Mcap(x)	0.86	0.55	0	0	0	0	0	1.31	0.3	0.21	0.33

Palred Technologies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	37.78	37.78	37.78	34.8	30.06	30.06	30.06	30.06	30.06	30.06
FII	7.21	7.21	7.21	6.64	5.94	5.94	5.94	5.87	5.74	4.01
DII	0	0	0	0	0	0	0	0	0	0
Public	55.01	55.01	55.01	58.56	64	64	64	64.07	64.2	65.93
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37	0.37
FII	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.05
DII	0	0	0	0	0	0	0	0	0	0
Public	0.54	0.54	0.54	0.62	0.78	0.78	0.78	0.78	0.79	0.81
Others	0	0	0	0	0	0	0	0	0	0
Total	0.97	0.97	0.97	1.06	1.22	1.22	1.22	1.22	1.22	1.22

Pros

Debtor days have improved from 4.72 to 1.32days.

Cons

Promoter holding is low: 30.06%.
Company has a low return on equity of 2% over the 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.