Palash Securities Ltd

Palash Securi. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Palash Securities Ltd

₹ 159 -2.15%
21 Nov - close price
palashsec.com BSE: 540648 NSE: PALASHSECU
About

Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business[1]

Key Points

Business Overview:[1]
Company is in the investment business through its Wholly Owned Subsidiaries and holds majority investments in its group companies. It is also in food processing business through its subsidiary Morton Foods Limited (earlier known as Allahabad Canning Limited). Company has a manufacturing unit at Prayagra where it manufactures canned fruits, vegetables and food products like jams, squashes, crushes, vegetable sauces, juices, etc. under the brand Morton. Apart from this, Breakfast cereals, Pasta, Vermicelli are manufactured by 3rd party manufacturer and Morton Foods Ltd markets it under the brand name Morton

Website BSE NSE
  • Market Cap ₹ 160 Cr.
  • Current Price ₹ 159
  • High / Low ₹ 199 / 102
  • Stock P/E
  • Book Value ₹ 628
  • Dividend Yield 0.00 %
  • ROCE -2.50 %
  • ROE -2.22 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.25 times its book value
  • Company's working capital requirements have reduced from 69.9 days to 35.5 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.03% over past five years.
  • Company has a low return on equity of -2.57% over last 3 years.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.40 17.03 9.92 10.72 19.41 12.38 10.68 8.11 14.45 8.87 9.53 6.49 15.66
19.77 19.88 15.30 14.11 17.75 17.09 15.76 13.55 13.83 11.48 13.55 8.97 15.49
Operating Profit -1.37 -2.85 -5.38 -3.39 1.66 -4.71 -5.08 -5.44 0.62 -2.61 -4.02 -2.48 0.17
OPM % -7.45% -16.74% -54.23% -31.62% 8.55% -38.05% -47.57% -67.08% 4.29% -29.43% -42.18% -38.21% 1.09%
1.48 0.10 0.54 0.16 0.13 0.12 0.33 0.10 0.09 0.09 0.14 0.16 0.09
Interest 0.62 0.63 0.58 0.60 0.71 0.87 0.80 0.63 0.58 0.67 0.71 0.76 0.96
Depreciation 0.23 0.20 0.20 0.20 0.20 0.20 0.19 0.18 0.18 0.18 0.17 0.15 0.15
Profit before tax -0.74 -3.58 -5.62 -4.03 0.88 -5.66 -5.74 -6.15 -0.05 -3.37 -4.76 -3.23 -0.85
Tax % 59.46% -0.28% -87.37% 0.25% 137.50% 0.35% 8.36% 0.33% 2,580.00% 2.67% 0.42% 1.55% 248.24%
-1.18 -3.57 -0.71 -4.04 -0.32 -5.67 -6.22 -6.18 -1.34 -3.46 -4.78 -3.28 -2.97
EPS in Rs -1.18 -3.57 -0.71 -4.04 -0.32 -5.67 -5.54 -4.27 0.26 -2.31 -3.29 -2.22 -1.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 47 43 45 46 59 54 53 41 41
0 38 35 39 47 70 66 65 52 49
Operating Profit -0 9 8 6 -1 -11 -12 -11 -11 -9
OPM % 19% 19% 14% -2% -19% -22% -22% -28% -22%
0 0 0 1 0 0 2 1 0 0
Interest 0 5 3 1 1 1 2 3 3 3
Depreciation 0 0 0 0 0 0 1 1 1 1
Profit before tax -0 4 5 6 -2 -12 -13 -15 -14 -12
Tax % 0% 2% 2% 7% 21% 3% -34% 12% 10%
-0 4 5 6 -2 -13 -9 -16 -16 -14
EPS in Rs 3.83 5.19 5.63 -1.94 -12.83 -8.55 -15.57 -9.62 -9.47
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: -11%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 30%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -3%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 10 10 10 10 10 10 10 10 10
Reserves -0 42 47 241 152 268 538 375 473 618
0 43 6 6 10 23 23 22 30 39
0 8 8 8 13 13 30 27 47 56
Total Liabilities 0 103 71 265 186 314 602 434 560 723
0 3 3 3 3 47 48 47 46 47
CWIP 0 0 0 0 0 1 0 0 0 0
Investments 0 39 34 219 134 222 521 349 486 648
0 60 34 43 49 45 33 38 28 28
Total Assets 0 103 71 265 186 314 602 434 560 723

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -1 25 6 -6 -8 1 -13 -12
0 4 14 5 -3 -4 -0 0 -3
0 0 -38 -2 4 11 -2 18 6
Net Cash Flow -0 3 1 9 -6 -0 -2 5 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 37 45 59 47 46 17 39
Inventory Days 259 294 276 345 166 190 258 167
Days Payable 106 106 108 164 96 126 137 160
Cash Conversion Cycle 180 225 213 240 116 111 138 46
Working Capital Days 378 190 103 153 105 90 85 35
ROCE % 19% 10% 4% -0% -5% -2% -2% -2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.17% 71.69% 71.85% 71.85% 71.85% 71.85% 71.85% 71.85% 71.85% 72.11% 72.18% 72.18%
0.78% 0.78% 0.78% 0.78% 0.78% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
29.05% 27.53% 27.37% 27.37% 27.37% 27.39% 27.39% 27.38% 27.39% 27.13% 27.07% 27.06%
No. of Shareholders 7,6247,4197,1237,0197,0006,8727,0476,9668,4477,9547,5737,467

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports