Prima Industries Ltd

Prima Industries Ltd

₹ 33.4 -4.98%
20 Dec - close price
About

Incorporated in 1994, Prima Industries
Ltd manufactures Compounded Cattle
Feed and Solvent Extraction of Vegetable
Oils.[1]

Key Points

Business Divisions:[1]
a) Solvent Extraction:
The Solvent Extraction Plant process
all types of oil cakes and other oil-bearing materials. It extracts oil from oil cakes using the Solvent Extraction technique, processes the
Coconut Oil Cake for the production of
Coconut Oil as per the specifications based on its clients. This project functions towards backward integration as the by-products produced in this plant such as De Oiled Cake (both flake and powder) would be consumed for its Animal Feed Unit.

b) Edible Oil Refinery Division:
The Refinery Unit is in the business of refining
Edible oils on Job work contract basis with
its client, Mahalakshmi Oils Private Limited. This unit produces refined Palm Kernel Oil through processes like neutralization, bleaching, filtration, deodorization, filtration, etc. By-products of this unit are Soap Stocks, Acid Oil, and Fatty Acid.

c) Animal Feed Division:
Company is having a factory in Kanjikode
with facilities for the manufacture of Ready-
mixed Compound Cattle Feed, in pellet
form; which it does on Job Contract basis for KSE Limited. Capacity utilization is around 70% of the installed capacities and the bulk of the capacity utilization is for conversion contracts.

  • Market Cap 36.0 Cr.
  • Current Price 33.4
  • High / Low 47.0 / 18.3
  • Stock P/E
  • Book Value 17.8
  • Dividend Yield 0.00 %
  • ROCE -1.21 %
  • ROE -3.26 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.63% over past five years.
  • Company has a low return on equity of 4.39% 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3.69 5.17 4.96 2.02 1.74 2.34 1.48 2.31 2.70 1.61 1.32 1.61 1.95
2.68 2.84 6.97 1.73 1.65 2.06 1.26 1.74 1.94 1.92 2.25 1.59 2.01
Operating Profit 1.01 2.33 -2.01 0.29 0.09 0.28 0.22 0.57 0.76 -0.31 -0.93 0.02 -0.06
OPM % 27.37% 45.07% -40.52% 14.36% 5.17% 11.97% 14.86% 24.68% 28.15% -19.25% -70.45% 1.24% -3.08%
0.00 0.00 0.11 0.00 0.00 0.01 0.33 0.01 0.00 0.00 1.79 0.01 0.00
Interest 0.00 0.00 0.06 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.03 0.00 0.00
Depreciation 0.20 0.20 0.23 0.23 0.25 0.25 0.10 0.21 0.21 0.21 -0.01 0.16 0.16
Profit before tax 0.81 2.13 -2.19 0.06 -0.16 0.04 0.42 0.37 0.55 -0.52 0.84 -0.13 -0.22
Tax % 28.40% 23.94% 15.53% 0.00% 0.00% 0.00% -21.43% 27.03% 27.27% 0.00% 63.10% 0.00% 0.00%
0.58 1.62 -2.54 0.06 -0.16 0.04 0.51 0.27 0.39 -0.52 0.31 -0.13 -0.22
EPS in Rs 0.54 1.50 -2.35 0.06 -0.15 0.04 0.47 0.25 0.36 -0.48 0.29 -0.12 -0.20
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
13.49 24.55 23.47 15.09 8.42 27.58 9.07 17.06 17.68 17.28 7.57 7.94 6.49
14.21 23.12 23.02 14.62 6.71 25.77 6.25 14.21 13.37 14.55 6.70 7.86 7.77
Operating Profit -0.72 1.43 0.45 0.47 1.71 1.81 2.82 2.85 4.31 2.73 0.87 0.08 -1.28
OPM % -5.34% 5.82% 1.92% 3.11% 20.31% 6.56% 31.09% 16.71% 24.38% 15.80% 11.49% 1.01% -19.72%
0.99 0.17 0.13 0.02 0.03 0.17 0.06 0.48 0.08 0.11 0.34 1.81 1.80
Interest 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.03 0.03 0.03
Depreciation 1.05 0.99 0.90 0.74 0.71 0.71 0.72 0.73 0.74 0.83 0.82 0.62 0.52
Profit before tax -0.80 0.61 -0.32 -0.25 1.03 1.27 2.16 2.60 3.65 1.95 0.36 1.24 -0.03
Tax % 0.00% 0.00% 0.00% 0.00% -0.97% -3.15% -3.24% -3.85% -3.29% 21.54% -25.00% 63.71%
-0.81 0.62 -0.32 -0.25 1.04 1.31 2.24 2.69 3.76 1.52 0.45 0.45 -0.56
EPS in Rs -0.75 0.57 -0.30 -0.23 0.96 1.21 2.08 2.49 3.48 1.41 0.42 0.42 -0.51
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: -11%
5 Years: -3%
3 Years: -23%
TTM: -27%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -146%
Stock Price CAGR
10 Years: 13%
5 Years: 31%
3 Years: 9%
1 Year: 61%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 4%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 10.79 11.80 11.80 11.80 11.80 11.80 11.80 11.80 11.80 11.80 11.80 11.80 23.00
Reserves -15.18 -14.56 -14.92 -15.17 -14.12 -12.47 -10.07 -7.93 -3.41 -1.11 -0.56 -3.39 -3.75
11.23 11.23 11.22 11.23 11.21 11.21 11.21 11.20 11.76 12.55 12.73 13.91 3.18
6.37 4.77 4.84 5.67 3.49 2.94 0.91 1.14 1.69 1.88 1.42 2.33 2.79
Total Liabilities 13.21 13.24 12.94 13.53 12.38 13.48 13.85 16.21 21.84 25.12 25.39 24.65 25.22
9.05 10.80 9.91 9.17 8.56 7.98 7.50 6.98 6.96 6.15 6.54 6.12 5.92
CWIP 1.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50
Investments 0.00 0.00 0.70 1.22 1.82 3.18 3.85 4.06 9.02 11.79 11.84 10.19 10.21
2.53 2.44 2.33 3.14 2.00 2.32 2.50 5.17 5.86 7.18 7.01 7.84 8.59
Total Assets 13.21 13.24 12.94 13.53 12.38 13.48 13.85 16.21 21.84 25.12 25.39 24.65 25.22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3.72 1.13 0.73 0.64 0.99 1.27 0.32 1.53 3.47 0.78 0.94 0.53
-1.34 -1.10 -0.74 -0.52 -0.69 -1.09 -0.67 -0.61 -4.66 -1.72 -1.11 2.59
5.11 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.47 0.70 0.15 -3.33
Net Cash Flow 0.05 0.03 -0.02 0.12 0.30 0.18 -0.35 0.93 -0.72 -0.25 -0.02 -0.21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 24.35 17.69 22.08 6.77 27.74 8.34 13.28 10.27 7.64 8.03 8.20 15.63
Inventory Days 27.46 1.81 3.98 10.46 51.90 5.74 116.60 33.69 16.53 21.83 471.83
Days Payable 48.22 2.53 3.41 1.44 24.22 0.90 25.35 14.30 27.11 48.90 471.83
Cash Conversion Cycle 3.59 16.97 22.65 15.79 55.42 13.18 104.53 29.65 -2.94 -19.04 8.20 15.63
Working Capital Days -79.28 -36.72 -41.21 -68.69 -90.60 -18.26 49.50 55.63 74.11 111.74 264.71 305.24
ROCE % -24.96% 7.97% -3.86% -3.13% 12.30% 13.07% 18.40% 15.64% 20.33% 8.90% 0.38% -1.21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.65% 54.65% 54.65% 54.65% 53.76% 54.65% 54.65% 54.65% 54.65% 54.65% 54.65% 54.65%
45.35% 45.35% 45.35% 45.34% 46.24% 45.34% 45.35% 45.34% 45.34% 45.34% 45.34% 45.35%
No. of Shareholders 1,3251,3721,4421,4721,4591,4671,4891,5401,5871,6031,6501,714

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