PG Electroplast Ltd
PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding, catering to 50+ leading Indian and Global brands.[1]
- Market Cap ₹ 18,045 Cr.
- Current Price ₹ 690
- High / Low ₹ 695 / 146
- Stock P/E 215
- Book Value ₹ 36.2
- Dividend Yield 0.03 %
- ROCE 15.4 %
- ROE 12.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 51.1% CAGR over last 5 years
Cons
- Stock is trading at 19.0 times its book value
- Company has a low return on equity of 12.6% over last 3 years.
- Promoter holding has decreased over last 3 years: -12.4%
* 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: Consumer Durables Industry: Electronics - Components
Part of BSE Allcap BSE SmallCap BSE Consumer Discretionary Nifty Total Market Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
303 | 218 | 239 | 260 | 366 | 399 | 508 | 639 | 703 | 1,036 | 1,331 | 1,418 | 1,502 | |
297 | 221 | 227 | 242 | 346 | 375 | 478 | 600 | 653 | 959 | 1,237 | 1,297 | 1,379 | |
Operating Profit | 5 | -2 | 12 | 18 | 21 | 25 | 31 | 40 | 50 | 77 | 94 | 121 | 123 |
OPM % | 2% | -1% | 5% | 7% | 6% | 6% | 6% | 6% | 7% | 7% | 7% | 9% | 8% |
6 | 5 | 3 | 3 | 3 | 5 | 3 | 0 | 2 | 6 | 4 | 23 | 27 | |
Interest | 11 | 12 | 10 | 10 | 10 | 11 | 10 | 15 | 18 | 19 | 21 | 17 | 15 |
Depreciation | 9 | 11 | 9 | 10 | 11 | 12 | 13 | 16 | 18 | 20 | 21 | 23 | 24 |
Profit before tax | -9 | -20 | -5 | 2 | 3 | 7 | 10 | 9 | 15 | 44 | 57 | 104 | 112 |
Tax % | -43% | 0% | 0% | 0% | 0% | 0% | 2% | 72% | 23% | 24% | 22% | 25% | |
-5 | -20 | -5 | 2 | 3 | 7 | 10 | 3 | 12 | 33 | 44 | 78 | 84 | |
EPS in Rs | -0.30 | -1.24 | -0.28 | 0.12 | 0.20 | 0.46 | 0.53 | 0.13 | 0.59 | 1.55 | 1.94 | 3.00 | 3.23 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 23% |
3 Years: | 26% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 51% |
3 Years: | 87% |
TTM: | 75% |
Stock Price CAGR | |
---|---|
10 Years: | 54% |
5 Years: | 178% |
3 Years: | 134% |
1 Year: | 240% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 12% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 19 | 20 | 20 | 21 | 23 | 26 |
Reserves | 126 | 106 | 101 | 103 | 107 | 114 | 150 | 157 | 171 | 286 | 336 | 918 |
92 | 88 | 90 | 83 | 112 | 129 | 130 | 188 | 185 | 265 | 182 | 87 | |
54 | 73 | 59 | 82 | 95 | 89 | 114 | 136 | 204 | 252 | 185 | 253 | |
Total Liabilities | 288 | 283 | 267 | 284 | 330 | 348 | 413 | 500 | 580 | 824 | 725 | 1,284 |
144 | 138 | 141 | 146 | 163 | 179 | 193 | 254 | 273 | 274 | 292 | 312 | |
CWIP | 1 | 2 | 6 | 1 | 3 | 23 | 34 | 5 | 6 | 1 | 2 | 4 |
Investments | 26 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76 | 78 | 340 |
117 | 118 | 120 | 137 | 164 | 146 | 187 | 241 | 301 | 473 | 352 | 628 | |
Total Assets | 288 | 283 | 267 | 284 | 330 | 348 | 413 | 500 | 580 | 824 | 725 | 1,284 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 16 | -10 | 21 | 6 | 42 | 19 | 28 | 57 | -38 | 142 | 181 | |
-14 | -2 | 19 | -4 | -23 | -50 | -36 | -63 | -44 | -95 | -51 | -549 | |
-13 | -15 | -8 | -16 | 19 | 6 | 19 | 43 | -17 | 139 | -101 | 370 | |
Net Cash Flow | -11 | -0 | 0 | 0 | 2 | -1 | 2 | 8 | -4 | 7 | -10 | 2 |
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 | 43 | 83 | 68 | 76 | 67 | 46 | 61 | 58 | 76 | 61 | 36 | 45 |
Inventory Days | 39 | 33 | 66 | 88 | 82 | 70 | 62 | 61 | 61 | 89 | 41 | 51 |
Days Payable | 63 | 125 | 84 | 119 | 97 | 77 | 84 | 77 | 101 | 86 | 40 | 59 |
Cash Conversion Cycle | 18 | -9 | 50 | 44 | 53 | 40 | 40 | 42 | 37 | 64 | 37 | 38 |
Working Capital Days | 34 | 39 | 57 | 48 | 45 | 31 | 36 | 40 | 40 | 73 | 47 | 72 |
ROCE % | 1% | -4% | 3% | 6% | 6% | 7% | 7% | 8% | 9% | 13% | 14% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Earnings conference call scheduled for November 11, 2024.
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Board Meeting Intimation for Unaudited Financial Results For Period Ended September 30, 2024
4 Nov - Board meeting scheduled to approve financial results.
- Notice Of The Extraordinary General Meeting ("EGM") Of PG Electroplast Limited 22 Oct
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Oct - Certificate received from our RTA - KFin Technologies Limited for the quarter ended September 30, 2024.
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Board Meeting Outcome for Outcome Of Board Meeting
19 Oct - Approval for issuance of equity shares up to Rs. 1500 Crores.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jul 2024Transcript PPT REC
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Nov 2023TranscriptNotesPPT REC
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Nov 2021Transcript PPT
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Nov 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
Overview
The company specializes in original design manufacturing (ODM), original equipment manufacturing (OEM), and plastic injection moulding. Its WOS, PG Technoplast Pvt Ltd manufactures air conditioners, coolers, and components for various consumer durables. In FY24, it forged a new JV partnership with Goodworth Electronics Ltd, to augment its TV and hardware business. [1]