Prime Industries Ltd

Prime Industries Ltd

₹ 194 0.75%
22 Jul 4:01 p.m.
About

Incorporated in 2006, Prime Industries
Ltd deals in Securities trading and allied activities[1]

Key Points

Product Profile:[1][2]
Company used to manufacture Vanaspati Ghee and at present is engaged in manufacturing of all types packaging material at its production unit in Harridwar, which includes:
a) HDPE/ PP bags
b) Non-woven PP bags for packaging edible items
c) BOPP laminated multi-colour printed bags, etc.

  • Market Cap 307 Cr.
  • Current Price 194
  • High / Low 283 / 121
  • Stock P/E 28.3
  • Book Value 14.1
  • Dividend Yield 0.00 %
  • ROCE 53.5 %
  • ROE 50.8 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 155% CAGR over last 5 years

Cons

  • Stock is trading at 13.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -15.5%

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
7.48 0.49 0.21 0.29 0.70 0.24 0.72 0.35 6.39 11.43 1.48 0.89 1.21
7.21 0.43 0.15 0.39 0.46 0.22 0.11 0.06 5.52 0.11 0.21 0.11 0.71
Operating Profit 0.27 0.06 0.06 -0.10 0.24 0.02 0.61 0.29 0.87 11.32 1.27 0.78 0.50
OPM % 3.61% 12.24% 28.57% -34.48% 34.29% 8.33% 84.72% 82.86% 13.62% 99.04% 85.81% 87.64% 41.32%
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
Interest 0.02 0.06 0.06 0.08 0.22 0.10 0.05 0.03 0.04 0.12 0.72 0.49 0.70
Depreciation 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
Profit before tax 0.25 0.00 0.00 -0.18 0.02 -0.08 0.56 0.26 0.83 11.20 0.55 0.29 -0.20
Tax % 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 0.00% 0.00% 212.73% -58.62% 0.00%
0.25 0.00 0.00 -0.18 0.01 -0.08 0.56 0.26 0.83 11.20 -0.63 0.46 -0.20
EPS in Rs 0.16 0.00 0.00 -0.11 0.01 -0.05 0.35 0.16 0.53 7.09 -0.40 0.29 -0.13
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
0 0 0 1 0 1 8 13 8 2 8 16
0 0 0 0 0 0 8 12 8 1 6 2
Operating Profit 0 0 0 0 0 1 0 1 0 0 2 14
OPM % 42% 31% 57% 77% 45% 72% 5% 9% 5% 15% 23% 89%
0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 1 0 0 0 0 0 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 0 0 0 0 0 0 1 0 -0 2 12
Tax % -50% 12% 0% 0% 20% 9% 0% 0% 6% 0% 8%
-0 0 0 0 0 0 0 1 0 -0 2 11
EPS in Rs -0.01 0.01 0.04 0.01 0.01 0.05 0.06 0.47 0.11 -0.11 0.99 6.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 58%
5 Years: 14%
3 Years: 24%
TTM: 101%
Compounded Profit Growth
10 Years: 101%
5 Years: 155%
3 Years: 300%
TTM: 590%
Stock Price CAGR
10 Years: 64%
5 Years: 213%
3 Years: 173%
1 Year: 52%
Return on Equity
10 Years: 12%
5 Years: 18%
3 Years: 21%
Last Year: 51%

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
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves -7 -4 -1 -1 -2 2 -1 -1 3 13 13 14
0 0 0 1 11 1 0 0 0 10 3 6
19 13 10 6 3 5 1 1 1 1 4 23
Total Liabilities 20 17 17 14 20 15 8 8 13 32 27 52
1 1 0 0 3 3 3 3 3 3 3 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 10 9 7 8 8 6 3 2 6 15 13 2
9 7 9 6 9 6 2 3 4 13 11 49
Total Assets 20 17 17 14 20 15 8 8 13 32 27 52

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
-3 -2 -2 1 5 -5 0 1 -0 1 4 21
3 2 2 -0 -5 6 0 1 0 0 1 14
-0 -0 -0 -0 -0 -1 -0 -0 -0 9 -8 -16
Net Cash Flow -0 0 -0 0 0 0 -0 2 -0 10 -3 19

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 46 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 59 33 49 359 48 77
Days Payable 0 0 0 0 0 0
Cash Conversion Cycle 46 0 0 0 0 0 59 33 49 359 48 77
Working Capital Days -8,327 -13,688 -876 -152 4,795 308 28 20 69 256 -73 5
ROCE % 3% 1% 3% 6% 2% 6% 5% 17% 4% 1% 7% 53%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.98% 56.38% 54.78% 48.72% 41.48% 41.48%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 1.30% 1.30% 1.30%
42.99% 42.99% 42.99% 42.99% 42.99% 42.99% 42.99% 43.60% 45.18% 49.99% 57.23% 57.23%
No. of Shareholders 4,3534,6684,8724,8654,8574,8224,7354,8795,2885,5025,8966,947

* 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.

Click on the line-items to see the names of individual entities.

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