GMM Pfaudler Ltd
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.
- Market Cap ₹ 5,398 Cr.
- Current Price ₹ 1,198
- High / Low ₹ 1,664 / 1,143
- Stock P/E 55.2
- Book Value ₹ 229
- Dividend Yield 0.17 %
- ROCE 19.1 %
- ROE 19.6 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 29.1% CAGR over last 5 years
- Company's median sales growth is 17.6% of last 10 years
Cons
- Promoter holding is low: 25.2%
- 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
Part of BSE 250 SmallCap Index BSE Allcap BSE Industrials BSE SmallCap BSE 400 MidSmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
213 | 279 | 308 | 292 | 353 | 406 | 503 | 591 | 1,001 | 2,541 | 3,178 | 3,446 | 3,187 | |
197 | 246 | 272 | 257 | 306 | 344 | 426 | 479 | 862 | 2,257 | 2,748 | 2,970 | 2,801 | |
Operating Profit | 16 | 33 | 36 | 35 | 48 | 62 | 77 | 112 | 139 | 284 | 429 | 477 | 387 |
OPM % | 8% | 12% | 12% | 12% | 13% | 15% | 15% | 19% | 14% | 11% | 14% | 14% | 12% |
5 | 4 | 3 | 4 | 6 | 9 | 8 | 5 | -10 | 7 | 30 | 20 | 12 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 10 | 25 | 67 | 95 | 104 |
Depreciation | 7 | 9 | 10 | 8 | 8 | 10 | 11 | 21 | 50 | 133 | 122 | 147 | 138 |
Profit before tax | 13 | 27 | 28 | 30 | 44 | 61 | 73 | 92 | 68 | 133 | 271 | 255 | 156 |
Tax % | 28% | 30% | 33% | 33% | 29% | 30% | 31% | 23% | 7% | 44% | 22% | 32% | |
10 | 19 | 19 | 20 | 31 | 43 | 51 | 71 | 64 | 75 | 210 | 174 | 98 | |
EPS in Rs | 2.21 | 4.34 | 4.30 | 4.58 | 7.09 | 9.72 | 11.52 | 16.20 | 16.73 | 19.37 | 36.37 | 39.80 | 22.80 |
Dividend Payout % | 42% | 23% | 23% | 22% | 19% | 14% | 13% | 10% | 10% | 10% | 6% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 29% |
5 Years: | 47% |
3 Years: | 51% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 29% |
3 Years: | 29% |
TTM: | -42% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 16% |
3 Years: | -7% |
1 Year: | -22% |
Return on Equity | |
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10 Years: | 20% |
5 Years: | 21% |
3 Years: | 20% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 9 | 9 | 9 |
Reserves | 116 | 136 | 148 | 164 | 191 | 225 | 266 | 326 | 403 | 524 | 792 | 959 | 1,022 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 633 | 636 | 973 | 906 | 936 | |
77 | 96 | 84 | 89 | 125 | 161 | 165 | 166 | 1,342 | 1,554 | 1,582 | 1,271 | 1,275 | |
Total Liabilities | 196 | 235 | 234 | 256 | 318 | 389 | 434 | 530 | 2,381 | 2,717 | 3,355 | 3,144 | 3,242 |
55 | 53 | 46 | 53 | 61 | 71 | 78 | 134 | 1,043 | 1,002 | 1,224 | 1,233 | 1,220 | |
CWIP | 1 | 2 | 5 | 4 | 2 | 7 | 5 | 2 | 4 | 13 | 13 | 27 | 31 |
Investments | 11 | 12 | 12 | 14 | 46 | 51 | 48 | 36 | 1 | 0 | 0 | 0 | 0 |
129 | 169 | 171 | 184 | 209 | 260 | 303 | 358 | 1,332 | 1,703 | 2,118 | 1,884 | 1,991 | |
Total Assets | 196 | 235 | 234 | 256 | 318 | 389 | 434 | 530 | 2,381 | 2,717 | 3,355 | 3,144 | 3,242 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 6 | 30 | 25 | 22 | 68 | 27 | 27 | 157 | 236 | 185 | 284 | |
-12 | 2 | -17 | -17 | -21 | -24 | -8 | -50 | -66 | -134 | -294 | -32 | |
-5 | -7 | -6 | -6 | -6 | -8 | -10 | -5 | 105 | -55 | 130 | -244 | |
Net Cash Flow | 8 | 2 | 8 | 2 | -5 | 35 | 9 | -28 | 196 | 47 | 21 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 50 | 57 | 45 | 61 | 72 | 45 | 49 | 46 | 113 | 51 | 50 | 46 |
Inventory Days | 214 | 270 | 202 | 214 | 201 | 207 | 181 | 181 | 470 | 241 | 220 | 165 |
Days Payable | 83 | 90 | 97 | 93 | 133 | 132 | 100 | 92 | 246 | 141 | 153 | 106 |
Cash Conversion Cycle | 181 | 236 | 150 | 182 | 140 | 121 | 130 | 134 | 337 | 151 | 117 | 105 |
Working Capital Days | 41 | 56 | 46 | 51 | 65 | 43 | 56 | 80 | 104 | 53 | 57 | 64 |
ROCE % | 10% | 21% | 20% | 19% | 22% | 29% | 29% | 31% | 15% | 13% | 22% | 19% |
Documents
Announcements
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
1d - Intimation regarding issue of duplicate share certificate.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Nov - Transcript of Q2 FY25 earnings call released.
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Update On Execution Of Agreements In Relation To The Extension And Modification Of Existing Pledge Of Share Capital In GMM International S.A.R.L. ("Luxco") Pursuant To Availing Additional Facilities.
13 Nov - Update on pledge modification for GMM International S.a.r.l.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Nov - Copy of newspaper publication of Unaudited Financial Results for the quarter and half year ended September 30, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Nov - Audio recording of Q2 FY 25 earnings call available.
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 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPTREC
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptPPTREC
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May 2024TranscriptNotesPPT REC
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Nov 2023Transcript PPT REC
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Sep 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Nov 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
Market Leadership
The company is the market leader in the global glass-lined equipment segment, holding a market share of 50% in America, 40% in Europe, 20% in China, and 50% in India. While it faces intense competition in the small vessel segment, the group enjoys a near monopoly in the large vessel segment. [1]