Gala Precision Engineering Ltd
Incorporated in February 2009, Gala Precision Engineering Limited is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS)[1]
- Market Cap ₹ 1,356 Cr.
- Current Price ₹ 1,070
- High / Low ₹ 1,343 / 682
- Stock P/E 55.2
- Book Value ₹ 192
- Dividend Yield 0.00 %
- ROCE 23.0 %
- ROE 26.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 43.9% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 102 | 101 | 103 | 144 | 164 | 200 | |
| 90 | 92 | 91 | 123 | 135 | 160 | |
| Operating Profit | 12 | 9 | 12 | 21 | 29 | 40 |
| OPM % | 12% | 9% | 12% | 15% | 18% | 20% |
| 2 | 2 | 1 | 2 | 4 | -1 | |
| Interest | 5 | 6 | 6 | 5 | 5 | 6 |
| Depreciation | 4 | 5 | 6 | 6 | 6 | 7 |
| Profit before tax | 5 | 0 | 2 | 12 | 22 | 25 |
| Tax % | 25% | -212% | -17% | 29% | 21% | 13% |
| 4 | 1 | 2 | 8 | 17 | 22 | |
| EPS in Rs | 16.91 | 5.06 | 7.24 | 32.32 | 68.08 | 21.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 25% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 138% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 21% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 3 | 3 | 3 | 3 | 10 | 13 |
| Reserves | 52 | 55 | 57 | 65 | 82 | 94 | 231 |
| 56 | 61 | 59 | 57 | 59 | 57 | 13 | |
| 26 | 28 | 25 | 30 | 27 | 28 | 38 | |
| Total Liabilities | 136 | 146 | 143 | 154 | 170 | 189 | 294 |
| 50 | 56 | 58 | 56 | 59 | 68 | 68 | |
| CWIP | 7 | 7 | 4 | 3 | 5 | 3 | 9 |
| Investments | 8 | 8 | 7 | 7 | 0 | 0 | 0 |
| 70 | 76 | 74 | 88 | 106 | 118 | 217 | |
| Total Assets | 136 | 146 | 143 | 154 | 170 | 189 | 294 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 6 | 9 | 15 | 11 | 16 | ||
| -13 | -10 | -5 | -6 | -13 | ||
| 7 | 1 | -8 | -7 | -3 | ||
| Net Cash Flow | 0 | 0 | 2 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 97 | 102 | 96 | 78 | 82 | 86 |
| Inventory Days | 299 | 334 | 317 | 278 | 277 | 261 |
| Days Payable | 123 | 133 | 109 | 87 | 45 | 62 |
| Cash Conversion Cycle | 274 | 303 | 303 | 269 | 313 | 285 |
| Working Capital Days | 160 | 165 | 156 | 139 | 154 | 162 |
| ROCE % | 6% | 6% | 14% | 19% | 23% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Copy of investor presentation for the Quater & half year ended September 30, 2024
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Copies of newspaper advertisement published in the Newspaper of Financial Express and Mumbai Navshakti.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - Monitoring Agency Report for IPO proceeds utilization.
-
Statement Of Deviation(S) Or Variation(S) For The Quarter Ended 30 September 2024 Under Regulation 32(1) Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
14 Nov - No deviation in IPO proceeds utilization for Q3 2024.
- Regulation 30 And 33 Of SEBI (Listing Obligations & Disclosures Requirements Regulation 2015) 14 Nov
Concalls
-
Nov 2024TranscriptNotesPPT
Business Division[1]
(i) The Springs Technology Division manufactures DSS, including Wedge Lock Washers (WLW) and CSS finds applications in renewable energy, railways, automobiles, off-highway vehicles, heavy machinery, and electrical and power equipment.