GMM Pfaudler Ltd

GMM Pfaudler Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GMM Pfaudler Ltd

₹ 1,407 -0.13%
22 Jul - close price
gmmpfaudler.com BSE: 505255 NSE: GMMPFAUDLR
About

GMM Pfaudler manufactures corrosion resistant glass-lined equipments [1]. It is a leading supplier of process equipments to the pharmaceutical and chemical industries [2]. Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipments.

Key Points

Over 50% market share in India [1]
GMM Pfaudler (GMM) is the market leader in glass lined equipments with over 50% market share in India. It faces intense competition in small vessel segment from other domestic players. However, the group has a near monopoly in large vessel (with capacities over 16,000 litre) segment.[2].

Website BSE NSE
  • Market Cap ₹ 6,327 Cr.
  • Current Price ₹ 1,407
  • High / Low ₹ 1,898 / 1,143
  • Stock P/E 125
  • Book Value ₹ 167
  • Dividend Yield 0.14 %
  • ROCE 9.96 %
  • ROE 6.96 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 8.42 times its book value
  • Promoter holding is low: 25.2%
  • Company has a low return on equity of 13.5% over last 3 years.
  • Dividend payout has been low at 12.0% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -29.8%

* 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: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
190.04 171.35 205.95 208.97 228.54 249.01 256.13 276.59 293.06 280.15 266.31 259.62 224.53
137.72 127.62 154.91 171.12 189.34 208.35 213.85 232.94 248.41 239.95 227.71 228.04 196.12
Operating Profit 52.32 43.73 51.04 37.85 39.20 40.66 42.28 43.65 44.65 40.20 38.60 31.58 28.41
OPM % 27.53% 25.52% 24.78% 18.11% 17.15% 16.33% 16.51% 15.78% 15.24% 14.35% 14.49% 12.16% 12.65%
0.76 0.84 1.20 0.53 1.19 0.70 1.02 2.72 18.89 0.43 0.13 1.23 0.19
Interest 1.94 3.23 4.66 2.97 4.13 4.72 5.50 8.76 8.14 8.03 8.50 9.79 8.03
Depreciation 7.22 7.84 8.54 8.64 8.55 8.64 8.88 9.18 9.68 9.67 9.77 8.77 8.50
Profit before tax 43.92 33.50 39.04 26.77 27.71 28.00 28.92 28.43 45.72 22.93 20.46 14.25 12.07
Tax % 28.30% 22.84% 25.13% 27.05% 26.56% 25.50% 26.18% 21.03% 25.02% 26.47% 22.87% 24.21% 36.95%
31.48 25.85 29.23 19.53 20.35 20.86 21.35 22.45 34.28 16.86 15.78 10.80 7.61
EPS in Rs 7.17 5.89 6.66 4.45 4.64 4.75 4.75 4.99 7.63 3.75 3.51 2.40 1.69
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
168 201 224 230 266 312 419 516 641 815 1,075 1,031
153 174 193 198 226 266 353 416 487 643 903 892
Operating Profit 14 27 31 32 41 46 66 100 154 172 171 139
OPM % 9% 13% 14% 14% 15% 15% 16% 19% 24% 21% 16% 13%
5 3 3 3 5 7 7 5 8 4 23 2
Interest 1 1 1 1 1 1 1 3 7 15 27 34
Depreciation 6 7 8 7 7 8 10 20 29 34 36 37
Profit before tax 13 22 26 28 38 44 61 82 126 127 131 70
Tax % 27% 34% 34% 34% 31% 35% 34% 24% 24% 25% 25% 27%
10 14 17 18 26 28 41 62 95 95 99 51
EPS in Rs 2.20 3.26 3.92 4.18 5.94 6.46 9.26 14.15 21.66 21.63 22.01 11.36
Dividend Payout % 42% 31% 25% 24% 22% 21% 16% 12% 8% 9% 9% 18%
Compounded Sales Growth
10 Years: 18%
5 Years: 20%
3 Years: 17%
TTM: -4%
Compounded Profit Growth
10 Years: 14%
5 Years: 5%
3 Years: -19%
TTM: -40%
Stock Price CAGR
10 Years: 35%
5 Years: 27%
3 Years: -3%
1 Year: -4%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 14%
Last Year: 7%

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 3 3 3 3 3 3 3 3 3 3 9 9
Reserves 105 114 125 138 162 183 215 268 354 442 699 742
0 0 0 0 0 0 0 34 123 140 337 287
54 69 62 55 84 101 127 125 188 285 278 188
Total Liabilities 162 186 190 196 249 286 345 431 668 870 1,323 1,226
41 37 33 40 48 57 63 127 177 227 232 230
CWIP 1 2 5 4 2 7 5 2 3 10 7 9
Investments 33 34 34 36 68 73 69 58 172 171 519 519
87 114 119 116 131 151 208 245 316 461 565 467
Total Assets 162 186 190 196 249 286 345 431 668 870 1,323 1,226

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
12 17 27 14 22 39 36 50 125 82 58 113
-11 -1 -15 -18 -21 -23 -9 -45 -199 -89 -195 -9
-5 -6 -6 -6 -6 -8 -10 -5 74 -7 159 -117
Net Cash Flow -4 10 7 -10 -6 8 17 0 0 -14 22 -13

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 55 58 35 50 72 49 43 42 64 54 67 61
Inventory Days 192 244 211 178 187 219 185 174 150 233 138 93
Days Payable 84 106 105 88 147 136 96 91 124 161 106 83
Cash Conversion Cycle 163 196 140 141 112 132 132 125 90 127 98 71
Working Capital Days 60 54 39 53 62 49 45 64 52 71 82 88
ROCE % 12% 20% 21% 21% 22% 25% 30% 33% 34% 27% 17% 10%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
54.95% 54.95% 54.95% 54.95% 56.06% 38.74% 38.74% 38.74% 25.18% 25.18% 25.18% 25.18%
10.03% 10.85% 12.15% 11.84% 11.71% 19.02% 19.96% 18.84% 26.49% 22.58% 22.15% 22.20%
5.93% 5.99% 5.82% 6.10% 5.61% 10.65% 10.58% 10.75% 12.58% 13.10% 13.06% 14.51%
29.09% 28.22% 27.09% 27.11% 26.63% 31.60% 30.72% 31.67% 35.75% 39.12% 39.61% 38.11%
No. of Shareholders 91,99089,75686,48988,7741,00,4051,16,5251,10,4811,12,8951,17,4521,29,8181,30,3101,27,194

* 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.

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