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Pradeep Metals

₹255 -2.3 | 0.9%

Market Cap ₹440 Cr.

Stock P/E 19.8

P/B 4.1

Current Price ₹255

Book Value ₹ 61.5

Face Value 10

52W High ₹284

Dividend Yield 0.78%

52W Low ₹ 137.1

Pradeep Metals Research see more...

Overview Inc. Year: 1982Industry: Engineering - Industrial Equipments

Pradeep Metals Ltd is a prominent company specializing in the manufacturing and distribution of metal products. With a rich history spanning several decades, the company has established itself as a trusted leader in the industry. Pradeep Metals offers a diverse range of high-quality metal solutions tailored to meet the needs of various sectors, including construction, automotive, aerospace, and manufacturing. The company's extensive product portfolio includes ferrous and non-ferrous metals, such as steel, aluminum, copper, and brass. Pradeep Metals prides itself on its commitment to superior craftsmanship, precision engineering, and stringent quality control measures. By leveraging advanced technologies and employing skilled professionals, the company consistently delivers products that exceed customer expectations. Pradeep Metals also places a strong emphasis on sustainability, striving to minimize its environmental impact through responsible sourcing, recycling initiatives, and energy-efficient production processes. With a global presence and a strong network of partners and clients, Pradeep Metals Ltd continues to be a leading force in the metal industry, renowned for its reliability, innovation, and commitment to excellence.

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Pradeep Metals Share Price

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Pradeep Metals Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 56 64 65 73 67 63 59 70 68 79
Other Income 1 2 0 1 1 1 1 1 1 1
Total Income 57 66 65 73 68 64 61 71 68 80
Total Expenditure 48 55 54 60 55 54 54 60 56 66
Operating Profit 9 11 12 14 14 10 7 11 13 14
Interest 2 1 1 2 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 3 2 2
Exceptional Income / Expenses -0 -0 0 -0 -0 -0 0 0 0 0
Profit Before Tax 5 7 8 10 9 5 3 7 8 10
Provision for Tax 1 1 1 1 2 1 1 2 2 2
Profit After Tax 4 6 7 8 7 4 2 6 7 8
Adjustments 0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments 4 6 7 8 7 4 2 6 7 8
Adjusted Earnings Per Share 2.1 3.7 3.9 4.8 4.2 2.4 1.2 3.2 4 4.5

Pradeep Metals Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 113 141 143 132 162 191 195 156 221 268 276
Other Income 2 2 2 2 2 1 2 2 5 3 4
Total Income 114 143 145 133 164 193 197 158 225 270 280
Total Expenditure 100 123 132 121 143 164 167 131 187 222 236
Operating Profit 14 20 13 12 21 29 30 27 39 48 45
Interest 3 4 8 6 7 8 8 5 5 7 8
Depreciation 2 3 5 4 6 6 8 8 8 8 9
Exceptional Income / Expenses 0 0 0 -2 0 0 -3 -3 -1 -1 0
Profit Before Tax 9 13 0 -0 8 14 12 11 25 32 28
Provision for Tax 3 5 1 3 4 5 4 3 5 6 7
Profit After Tax 6 9 -1 -3 5 9 8 8 20 26 23
Adjustments 0 -1 1 4 0 0 0 0 0 0 0
Profit After Adjustments 6 8 1 1 5 9 8 8 20 26 23
Adjusted Earnings Per Share 3.3 4.8 0.4 0.7 2.6 5.4 4.4 4.7 11.6 15.2 12.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 11% 11% 0%
Operating Profit CAGR 23% 17% 18% 0%
PAT CAGR 30% 48% 39% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 56% 82% 32% 26%
ROE Average 31% 25% 23% 16%
ROCE Average 24% 19% 18% 15%

Pradeep Metals Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 34 38 37 38 39 47 49 58 75 94
Minority's Interest 0 4 4 1 0 0 0 0 0 0
Borrowings 1 10 24 25 35 30 20 24 25 21
Other Non-Current Liabilities 3 4 6 7 7 7 6 4 4 4
Total Current Liabilities 65 102 85 97 82 95 90 69 89 90
Total Liabilities 103 158 156 168 164 180 165 155 194 209
Fixed Assets 20 47 59 62 62 61 68 59 70 72
Other Non-Current Assets 6 13 10 14 10 17 8 7 9 16
Total Current Assets 77 98 87 91 92 102 88 89 114 121
Total Assets 103 158 156 168 164 180 165 155 194 209

Pradeep Metals Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 2 3 4 2 4 2 2 3
Cash Flow from Operating Activities 8 0 10 12 14 19 35 25 12 37
Cash Flow from Investing Activities -4 -20 -12 -13 -3 -12 -8 -1 -21 -19
Cash Flow from Financing Activities -4 21 4 1 -12 -5 -29 -23 9 -20
Net Cash Inflow / Outflow 0 2 1 0 -2 2 -2 0 1 -2
Closing Cash & Cash Equivalent 0 2 3 4 2 4 2 2 3 2

Pradeep Metals Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 3.3 4.8 0.43 0.67 2.62 5.41 4.44 4.68 11.57 15.19
CEPS(Rs) 4.5 6.75 2.3 0.99 6 9.03 8.81 9.16 16.03 20.1
DPS(Rs) 1.2 1.2 0.6 0 0 1 1 1 1.5 2
Book NAV/Share(Rs) 19.44 21.92 21.39 22 22.72 27.11 28.42 33.43 43.52 54.68
Core EBITDA Margin(%) 10.48 12.68 7.29 7.79 11.43 14.4 14.52 15.71 15.53 17.13
EBIT Margin(%) 10.18 12.2 5.52 4.6 9.37 11.69 9.94 10.12 13.49 14.53
Pre Tax Margin(%) 7.38 9.28 0.26 -0.1 4.95 7.41 6.03 7.21 11.28 12.08
PAT Margin (%) 4.81 6.16 -0.48 -2.04 2.78 4.88 3.92 5.18 9.05 9.79
Cash Profit Margin (%) 6.56 8.04 2.72 1.25 6.35 8.15 7.79 10.14 12.54 12.96
ROA(%) 5.55 6.84 -0.44 -1.72 2.73 5.42 4.44 5.06 11.46 13.03
ROE(%) 16.99 25.01 -1.86 -7.42 11.73 21.7 15.98 15.13 30.06 30.93
ROCE(%) 15.12 18.64 6.93 4.91 11.6 16.26 14 12.37 21.51 24.11
Receivable days 88.55 91.25 95.67 103.05 96.25 83.41 80.75 96.96 76.72 71.61
Inventory Days 106.45 97.54 100.7 96.69 80.91 76.9 77.3 91.21 74.08 74.76
Payable days 65.38 101.94 111.69 99.34 93.84 74.64 63.69 87.58 77.78 77.77
PER(x) 6.06 9.83 112.86 98.92 34.97 12.93 9.09 7.59 7.84 11.38
Price/Book(x) 1.03 2.15 2.29 3 4.04 2.58 1.42 1.06 2.08 3.16
Dividend Yield(%) 6 2.55 1.22 0 0 1.43 2.48 2.82 1.65 1.16
EV/Net Sales(x) 0.71 1.07 1.18 1.54 1.54 1.11 0.78 0.78 1.06 1.38
EV/Core EBITDA(x) 5.69 7.41 13.12 16.53 11.79 7.44 5 4.6 6.01 7.62
Net Sales Growth(%) 0 25.15 1.03 -7.58 23 18.17 1.98 -20.1 41.54 21.28
EBIT Growth(%) 0 46.64 -54.22 -22.7 144.11 46.62 -13.31 -18.64 88.65 30.61
PAT Growth(%) 0 56.62 -107.8 -298.84 263.02 106.12 -17.94 5.5 147.14 31.31
EPS Growth(%) 0 45.34 -90.95 53.67 293.07 106.12 -17.94 5.5 147.14 31.31
Debt/Equity(x) 1.38 1.91 2.35 2.46 2.36 2.06 1.73 1.1 1.07 0.77
Current Ratio(x) 1.18 0.96 1.02 0.94 1.12 1.06 0.98 1.29 1.28 1.35
Quick Ratio(x) 0.65 0.54 0.57 0.59 0.66 0.62 0.54 0.74 0.7 0.7
Interest Cover(x) 3.64 4.18 1.05 0.98 2.12 2.73 2.54 3.47 6.09 5.93
Total Debt/Mcap(x) 1.34 0.89 1.03 0.82 0.59 0.8 1.22 1.04 0.51 0.24

Pradeep Metals Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0 0 0 0 0 0
Public 26.51 26.51 26.51 26.51 26.52 26.52 26.52 26.52 26.52 26.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 39% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Debtor days have improved from 77.78 to 77.77days.
  • Company has reduced debt.

Cons

  • Stock is trading at 4.1 times its book value.

* 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.

Pradeep Metals News

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