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 56.5
- Book Value ₹ 193
- Dividend Yield 0.00 %
- ROCE 22.6 %
- ROE 25.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 102 | 105 | 145 | 165 | 203 | |
| 93 | 93 | 125 | 138 | 163 | |
| Operating Profit | 9 | 12 | 20 | 28 | 39 |
| OPM % | 9% | 12% | 14% | 17% | 19% |
| 2 | 1 | 2 | 11 | -1 | |
| Interest | 6 | 6 | 5 | 6 | 7 |
| Depreciation | 5 | 6 | 6 | 6 | 7 |
| Profit before tax | 0 | 2 | 11 | 27 | 25 |
| Tax % | -229% | -10% | 41% | 12% | 13% |
| 1 | 2 | 7 | 24 | 22 | |
| EPS in Rs | 4.91 | 9.34 | 26.23 | 95.77 | 22.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 117% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 10 | 13 |
| Reserves | 48 | 50 | 57 | 81 | 95 | 231 |
| 61 | 59 | 57 | 60 | 57 | 13 | |
| 28 | 22 | 29 | 26 | 27 | 38 | |
| Total Liabilities | 140 | 134 | 146 | 170 | 189 | 295 |
| 56 | 58 | 56 | 61 | 64 | 68 | |
| CWIP | 7 | 4 | 3 | 5 | 7 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 78 | 72 | 86 | 105 | 118 | 217 | |
| Total Assets | 140 | 134 | 146 | 170 | 189 | 295 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 9 | 15 | 12 | 16 | 16 | |
| -10 | -5 | -7 | -12 | -3 | |
| 1 | -8 | -7 | -4 | -12 | |
| Net Cash Flow | 0 | 2 | -2 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 82 | 74 | 64 | 66 | 85 |
| Inventory Days | 399 | 354 | 307 | 305 | 254 |
| Days Payable | 137 | 94 | 85 | 44 | 60 |
| Cash Conversion Cycle | 344 | 334 | 285 | 327 | 279 |
| Working Capital Days | 165 | 172 | 148 | 159 | 160 |
| ROCE % | 7% | 15% | 18% | 23% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - 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.