Precision Electronics Ltd

Prec. Electronic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Precision Electronics Ltd

₹ 126 -1.87%
21 Nov 4:00 p.m.
pel-india.com BSE: 517258
About

Incorporated in May 1979, Precision Electronics Ltd is a telecom infrastructure enabler with interest in infrastructure development, system integration, and manufacture and supply of high-end telecom equipment

Key Points

Business Overview:[1][2]
Company designs and manufactures telecom transmission systems, military communication systems, electronic warfare systems and C4I2SR systems. Company has restructured its business segments from erstwhile Electronics & Telecom and Infra Services to Masts & Pedestals, Electro-Mechanical Manufacturing, ICT Solutions and Engineering Services

Website BSE
  • Market Cap ₹ 174 Cr.
  • Current Price ₹ 126
  • High / Low ₹ 190 / 44.4
  • Stock P/E 1,162
  • Book Value ₹ 8.61
  • Dividend Yield 0.00 %
  • ROCE 9.85 %
  • ROE 10.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 15.1 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Company has a low return on equity of -3.62% over 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.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
7.31 15.28 9.51 9.75 8.85 7.27 9.71 6.59 9.93 17.04 13.78 7.19 10.48
8.28 13.45 9.57 9.18 8.10 8.82 8.73 7.04 10.51 14.83 11.48 8.60 11.35
Operating Profit -0.97 1.83 -0.06 0.57 0.75 -1.55 0.98 -0.45 -0.58 2.21 2.30 -1.41 -0.87
OPM % -13.27% 11.98% -0.63% 5.85% 8.47% -21.32% 10.09% -6.83% -5.84% 12.97% 16.69% -19.61% -8.30%
2.55 0.18 0.46 0.21 2.40 0.16 0.06 0.01 0.10 0.07 0.12 0.01 0.09
Interest 0.72 0.75 0.71 0.57 0.52 0.54 0.53 0.55 0.53 0.59 0.49 0.56 0.62
Depreciation 0.19 0.19 0.16 0.17 0.12 0.11 0.10 0.09 0.09 0.09 0.22 0.14 0.16
Profit before tax 0.67 1.07 -0.47 0.04 2.51 -2.04 0.41 -1.08 -1.10 1.60 1.71 -2.10 -1.56
Tax % -22.39% 4.67% 0.00% -150.00% 55.78% -25.00% 21.95% -27.78% -21.82% 3.12% 8.77% -14.76% -25.00%
0.82 1.02 -0.47 0.10 1.11 -1.53 0.32 -0.78 -0.86 1.55 1.56 -1.79 -1.17
EPS in Rs 0.59 0.74 -0.34 0.07 0.80 -1.10 0.23 -0.56 -0.62 1.12 1.13 -1.29 -0.84
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
20.28 13.26 27.56 25.77 24.09 34.36 28.95 37.24 41.53 35.39 35.58 47.34 48.49
16.55 15.66 25.19 26.28 21.67 34.23 31.36 34.08 39.12 37.02 34.84 43.87 46.26
Operating Profit 3.73 -2.40 2.37 -0.51 2.42 0.13 -2.41 3.16 2.41 -1.63 0.74 3.47 2.23
OPM % 18.39% -18.10% 8.60% -1.98% 10.05% 0.38% -8.32% 8.49% 5.80% -4.61% 2.08% 7.33% 4.60%
0.00 -0.19 0.20 0.27 0.32 0.09 0.09 0.45 0.81 3.36 2.84 0.30 0.29
Interest 1.11 0.63 0.82 1.06 1.16 1.48 2.16 2.42 1.87 2.76 2.16 2.16 2.26
Depreciation 1.30 1.23 1.54 1.17 1.07 0.93 0.85 0.80 0.80 0.73 0.50 0.49 0.61
Profit before tax 1.32 -4.45 0.21 -2.47 0.51 -2.19 -5.33 0.39 0.55 -1.76 0.92 1.12 -0.35
Tax % 32.58% -48.76% -19.05% -21.05% 125.49% -30.59% -11.07% -15.38% -3.64% -3.98% 98.91% -30.36%
0.90 -2.27 0.25 -1.95 -0.12 -1.52 -4.74 0.45 0.57 -1.68 0.01 1.46 0.15
EPS in Rs 0.65 -1.64 0.18 -1.41 -0.09 -1.10 -3.42 0.32 0.41 -1.21 0.01 1.05 0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 4%
TTM: 45%
Compounded Profit Growth
10 Years: 11%
5 Years: 18%
3 Years: 37%
TTM: 105%
Stock Price CAGR
10 Years: 19%
5 Years: 26%
3 Years: 74%
1 Year: 155%
Return on Equity
10 Years: -5%
5 Years: -1%
3 Years: -4%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85 13.85
Reserves 19.17 16.75 16.49 14.39 6.63 5.00 0.17 0.71 1.13 -0.53 -0.44 1.04 -1.93
8.00 3.08 6.86 7.40 9.25 16.35 19.02 15.55 21.62 20.89 18.91 19.42 23.76
9.47 9.12 7.75 9.56 10.59 13.74 11.88 9.36 20.98 9.47 6.35 10.92 9.02
Total Liabilities 50.49 42.80 44.95 45.20 40.32 48.94 44.92 39.47 57.58 43.68 38.67 45.23 44.70
22.83 21.52 19.50 18.26 9.54 8.56 8.01 7.87 7.70 6.98 3.00 7.24 9.23
CWIP 0.02 0.00 0.00 0.00 0.78 1.48 1.48 0.99 0.49 0.00 0.08 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
27.64 21.28 25.45 26.94 30.00 38.90 35.43 30.61 49.39 36.70 35.59 37.99 35.47
Total Assets 50.49 42.80 44.95 45.20 40.32 48.94 44.92 39.47 57.58 43.68 38.67 45.23 44.70

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2.17 6.65 -3.10 -0.53 1.59 -3.56 1.59 7.34 -1.76 6.00 -5.10 7.73
-0.02 -0.27 -0.24 0.10 -0.72 -1.21 -0.55 0.14 -0.04 0.89 5.96 -6.02
0.26 -5.56 2.95 -0.17 -0.42 4.52 -1.16 -6.50 1.04 -3.49 -4.15 -1.64
Net Cash Flow -1.93 0.82 -0.38 -0.60 0.44 -0.24 -0.13 0.98 -0.76 3.40 -3.29 0.07

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 125.99 77.90 99.99 119.68 110.45 165.29 163.15 82.82 227.02 101.07 124.74 100.08
Inventory Days 899.79 959.60 467.98 550.62 1,143.57 500.52 288.57 293.18 201.10 257.51 332.54 198.17
Days Payable 614.69 455.83 218.28 298.07 448.96 307.94 182.39 153.75 269.89 113.31 77.60 85.64
Cash Conversion Cycle 411.09 581.67 349.69 372.24 805.06 357.87 269.33 222.26 158.22 245.27 379.69 212.60
Working Capital Days 308.13 203.42 182.76 189.37 251.06 231.47 237.91 161.82 205.39 200.29 267.24 170.09
ROCE % 6.21% -9.13% 2.96% -3.95% 5.08% -2.19% -9.35% 8.90% 7.26% 2.82% 2.53% 9.85%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.68% 50.68% 50.68% 50.68% 50.68% 50.68% 50.68% 50.68% 50.68% 50.54% 50.54% 50.54%
0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
49.24% 49.24% 49.24% 49.23% 49.23% 49.23% 49.24% 49.24% 49.25% 49.38% 49.39% 49.38%
No. of Shareholders 13,50013,68713,63113,54513,49713,44613,39513,32213,26913,73213,90213,831

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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