Primuss Pipes & Tubes Ltd

Primuss Pipes & Tubes Ltd

₹ 2.68 4.69%
02 Aug 2021
About

Premier Pipes Limited is desires to strengthen its position as the leader in pipes manufacturing in the steel industry.

  • Market Cap 1.90 Cr.
  • Current Price 2.68
  • High / Low /
  • Stock P/E
  • Book Value 18.8
  • Dividend Yield 0.00 %
  • ROCE 10.7 %
  • ROE 7.73 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.14 times its book value
  • Debtor days have improved from 48.7 to 29.2 days.
  • Company's working capital requirements have reduced from 114 days to 74.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.33% over last 3 years.
  • Contingent liabilities of Rs.4.51 Cr.

* 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
13 17 23 30 41 45 37 36 39 31 37 5 2
12 17 22 29 40 44 36 35 38 30 36 4 14
Operating Profit 0 -0 1 1 1 1 1 1 1 1 1 1 -12
OPM % 3% -2% 6% 4% 3% 3% 2% 3% 2% 4% 2% 18% -531%
0 1 -1 -1 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 1 1 0 1 0 1 0 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 0 0 1 0 0 0 0 0 0 0 -13
Tax % 36% 78% 26% 24% 20% 30% 27% 28% 11% 52% 27% 33% 0%
0 0 0 0 0 0 0 0 0 0 0 0 -13
EPS in Rs 0.11 0.03 0.37 0.20 0.66 0.30 0.31 0.42 0.55 0.18 0.31 0.03 -17.79
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
3 0 8 39 20 30 29 34 31 41 140 143 74
3 2 15 37 19 29 29 33 30 40 136 138 83
Operating Profit 1 -2 -7 1 1 1 0 1 1 1 4 4 -9
OPM % 24% -95% 3% 6% 3% 2% 4% 5% 3% 3% 3% -12%
0 13 12 0 1 1 1 1 1 1 1 0 0
Interest 1 1 1 1 1 1 1 1 1 1 2 3 3
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 0 11 4 0 0 0 0 0 0 0 1 1 -12
Tax % 3% 0% 0% 14% 21% -4% 20% 31% 30% 44% 27% 31%
0 11 4 0 0 0 0 0 0 0 1 1 -12
EPS in Rs 0.41 14.80 4.93 0.34 0.21 0.38 0.39 0.38 0.42 0.32 1.44 1.38 -17.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 66%
TTM: -53%
Compounded Profit Growth
10 Years: -21%
5 Years: 28%
3 Years: 48%
TTM: -1195%
Stock Price CAGR
10 Years: %
5 Years: -19%
3 Years: %
1 Year: %
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 6%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves -7 3 7 7 7 7 7 7 7 8 9 10 10
24 10 7 10 11 10 8 10 10 19 23 26 27
1 1 4 4 2 3 3 3 2 8 10 15 12
Total Liabilities 22 18 21 24 24 24 21 23 23 38 45 54 52
2 2 3 5 5 5 4 4 4 6 7 7 7
CWIP 0 0 1 1 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
19 16 17 18 19 19 17 19 20 32 38 47 45
Total Assets 22 18 21 24 24 24 21 23 23 38 45 54 52

Cash Flows

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4 14 5 -0 0 1 2 -3 -1 -6 6 1
0 0 -2 -3 0 1 1 1 0 -2 -3 0
-4 -14 -3 3 -0 -1 -2 2 0 9 -5 0
Net Cash Flow -0 -0 0 -0 1 0 1 -0 0 -0 -1 1

Ratios

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 1,693 309 38 56 69 54 47 79 83 34 29
Inventory Days 25 290 80 56 32 22 30 25 133 46 46
Days Payable 230 140 14 37 33 31 22 21 45 17 27
Cash Conversion Cycle 1,489 459 104 75 67 45 55 84 171 63 48
Working Capital Days 1,873 607 101 180 144 139 149 170 199 68 75
ROCE % 4% 60% 26% 5% 6% 7% 6% 7% 8% 6% 11% 11%

Shareholding Pattern

Numbers in percentages

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
13.31% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95% 13.95%
86.69% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05% 86.05%
No. of Shareholders 5,2745,2755,2775,2775,2765,2725,2775,2935,2845,2815,2805,291

Documents