Pricol

₹427.1 -2.7 | 0.6%

WEBSITE BSE:540293 NSE : PRICOLLTD 10 May, 16:01

Market Cap ₹5206 Cr.

Stock P/E 40.4

P/B 6.5

Current Price ₹427.1

Book Value ₹ 65.8

Face Value 1

52W High ₹462.8

Dividend Yield 0%

52W Low ₹ 211.3

Edit Ratio

Pricol Research see more...

Overview Inc. Year: 2011Industry: Auto Ancillary

Pricol Ltd, formerly known as Pricol Pune Ltd, is centred on manufacturing and supplying automotive parts, auto components and automobile accessories to the OEMs of four wheelers. The Company operates in 5 divisions inclusive of Driver data structures, Switches actuators and sensors, Powertrain products, Telematics & Infotainment and Fleet management structures. The Driver information machine products consist of tool clusters, and gauges. Its Powertrain merchandise include sintered additives, oil pumps, water pumps, chain tensioners, auto fuel cock, fuel feed pump, idle speed control valves, and pressure remedy valves. The Sensors & Switches include speed sensors, fuel stage sensors, selective catalytic reduction, oil level switch, and temperature sensor. Its Telematics & Infotainment department gives display & infotainment, body control module, and telematics merchandise. Its Fleet management systems provide speed limiter, centralised lubrication systems, and digital tax fare meter.

Pricol Share Price

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Peer Comparison

Pricol 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	407	407	414	445	516	474	523	537	578	573
Other Income	2	1	1	1	1	1	2	3	4	2
Total Income	409	408	416	446	516	475	525	540	582	575
Total Expenditure	358	360	363	392	453	423	462	473	511	505
Operating Profit	51	48	52	55	63	52	63	68	70	70
Interest	9	6	5	5	5	4	5	5	5	5
Depreciation	20	20	20	20	20	20	17	20	21	21
Exceptional Income / Expenses	0	0	0	0	10	0	0	0	0	0
Profit Before Tax	23	23	27	30	48	27	41	43	44	44
Provision for Tax	8	5	14	10	0	1	11	11	11	10
Profit After Tax	15	17	13	21	48	27	30	32	33	34
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	15	17	13	21	48	27	30	32	33	34
Adjusted Earnings Per Share	1.2	1.4	1.1	1.7	3.9	2.2	2.4	2.6	2.7	2.8

Pricol Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1473	1711	1921	1715	1413	1545	1959	2211
Other Income	10	5	14	34	8	9	5	11
Total Income	1483	1716	1934	1749	1421	1554	1963	2222
Total Expenditure	1365	1628	1950	1682	1235	1364	1730	1951
Operating Profit	118	88	-16	67	186	189	233	271
Interest	19	31	57	54	43	27	18	20
Depreciation	73	86	100	115	94	82	78	79
Exceptional Income / Expenses	0	0	0	0	0	0	10	0
Profit Before Tax	26	-28	-173	-102	48	80	147	172
Provision for Tax	17	21	1	-4	33	29	22	43
Profit After Tax	9	-49	-174	-99	16	51	125	129
Adjustments	0	0	0	0	26	0	0	0
Profit After Adjustments	9	-49	-174	-99	41	51	125	129
Adjusted Earnings Per Share	0.9	-4.6	-16.3	-9.3	3.4	4.2	10.2	10.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	5%	3%	0%
Operating Profit CAGR	23%	52%	21%	0%
PAT CAGR	145%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	82%	74%	67%	NA%
ROE Average	19%	11%	-4%	-4%
ROCE Average	22%	16%	6%	5%

Pricol Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	725	666	499	397	525	576	704
Minority's Interest	0	0	0	0	0	0	0
Borrowings	24	215	97	238	200	93	27
Other Non-Current Liabilities	74	88	69	91	102	92	71
Total Current Liabilities	472	762	937	603	408	437	497
Total Liabilities	1295	1731	1602	1330	1235	1198	1306
Fixed Assets	728	824	689	722	627	596	590
Other Non-Current Assets	108	168	102	102	78	52	53
Total Current Assets	459	739	811	506	530	549	643
Total Assets	1295	1731	1602	1330	1235	1198	1306

Pricol Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	24	46	57	9	38	23
Cash Flow from Operating Activities	58	95	44	151	128	183	166
Cash Flow from Investing Activities	-83	-246	-107	-27	-21	-45	-69
Cash Flow from Financing Activities	23	184	57	-169	-70	-154	-64
Net Cash Inflow / Outflow	-2	33	-7	-45	37	-16	33
Closing Cash & Cash Equivalent	24	64	39	9	38	23	56

Pricol Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.86	-4.59	-16.3	-9.26	3.4	4.19	10.23
CEPS(Rs)	7.75	3.46	-6.93	1.55	9.03	10.91	16.62
DPS(Rs)	1	1	0	0	0	0	0
Book NAV/Share(Rs)	68.02	62.41	46.83	37.26	43.06	47.27	57.78
Core EBITDA Margin(%)	6.75	4.76	-1.56	1.93	12.54	11.67	11.64
EBIT Margin(%)	2.79	0.14	-6.05	-2.77	6.46	6.95	8.4
Pre Tax Margin(%)	1.62	-1.63	-9	-5.91	3.42	5.19	7.47
PAT Margin (%)	0.57	-2.81	-9.05	-5.7	1.12	3.3	6.35
Cash Profit Margin (%)	5.16	2.12	-3.85	0.96	7.76	8.59	10.32
ROA(%)	0.71	-3.23	-10.43	-6.74	1.23	4.2	9.96
ROE(%)	1.27	-7.04	-29.85	-22.02	3.43	9.28	19.48
ROCE(%)	5.02	0.24	-12.28	-5.97	11.43	14.56	22.02
Receivable days	48.68	53.47	46.67	41.2	49.4	50.32	47.11
Inventory Days	39.4	48.33	44.71	44.13	61.67	56.55	47.25
Payable days	96.76	109.2	85.68	83.04	113.58	94.14	73.43
PER(x)	81.63	0	0	0	20.57	31	20.25
Price/Book(x)	1.04	1.22	0.68	0.87	1.63	2.75	3.59
Dividend Yield(%)	1.26	1.16	0	0	0	0	0
EV/Net Sales(x)	0.6	0.7	0.29	0.43	0.73	1.08	1.29
EV/Core EBITDA(x)	7.52	13.54	-34.49	10.94	5.53	8.77	10.86
Net Sales Growth(%)	0	16.13	12.26	-10.7	-17.61	9.31	26.79
EBIT Growth(%)	0	-94.72	-5023.67	58.71	290.81	17.47	53.31
PAT Growth(%)	0	-631.56	-255.21	43.2	116.03	222.78	144.03
EPS Growth(%)	0	-631.5	-255.21	43.2	136.77	23.12	144.03
Debt/Equity(x)	0.23	0.67	0.56	1.09	0.47	0.22	0.13
Current Ratio(x)	0.97	0.97	0.87	0.84	1.3	1.26	1.29
Quick Ratio(x)	0.61	0.59	0.67	0.45	0.7	0.72	0.75
Interest Cover(x)	2.4	0.08	-2.05	-0.88	2.13	3.94	9.02
Total Debt/Mcap(x)	0.22	0.55	0.82	1.24	0.29	0.08	0.04

Pricol Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	36.53	36.53	36.53	36.53	36.53	36.53	38.51	38.51	38.51	38.51
FII	11.04	11.28	11.92	12.36	12.51	3.67	2.9	3.97	6.5	14.39
DII	0	1.67	2.98	2.98	4.35	6.56	5.57	5.58	6.92	16.59
Public	52.43	50.52	48.58	48.13	46.61	53.24	53.02	51.94	48.07	30.51
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	4.45	4.45	4.45	4.45	4.45	4.45	4.69	4.69	4.69	4.69
FII	1.35	1.38	1.45	1.51	1.52	0.45	0.35	0.48	0.79	1.75
DII	0	0.2	0.36	0.36	0.53	0.8	0.68	0.68	0.84	2.02
Public	6.39	6.16	5.92	5.87	5.68	6.49	6.46	6.33	5.86	3.72
Others	0	0	0	0	0	0	0	0	0	0
Total	12.19	12.19	12.19	12.19	12.19	12.19	12.19	12.19	12.19	12.19

Pros

Debtor days have improved from 94.14 to 73.43days.
Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Promoter holding is low: 38.51%.
Company has a low return on equity of 11% over the last 3 years.
Stock is trading at 6.5 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.