PG Electroplast Ltd
PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding, catering to 50+ leading Indian and Global brands.[1]
- Market Cap ₹ 10,178 Cr.
- Current Price ₹ 3,900
- High / Low ₹ 4,100 / 1,436
- Stock P/E 75.4
- Book Value ₹ 399
- Dividend Yield 0.00 %
- ROCE 18.7 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 9.69 times its book value
- Promoter holding has decreased over last 3 years: -16.1%
* 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: Consumer Durables Industry: Electronics - Components
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
424 | 222 | 303 | 703 | 1,112 | 2,160 | 2,746 | |
396 | 219 | 298 | 653 | 1,023 | 1,983 | 2,485 | |
Operating Profit | 28 | 3 | 5 | 50 | 89 | 177 | 262 |
OPM % | 7% | 1% | 2% | 7% | 8% | 8% | 10% |
3 | 4 | 7 | 2 | 5 | 4 | 13 | |
Interest | 6 | 11 | 11 | 18 | 23 | 48 | 52 |
Depreciation | 2 | 5 | 9 | 18 | 22 | 35 | 47 |
Profit before tax | 23 | -9 | -9 | 15 | 49 | 98 | 176 |
Tax % | 23% | -0% | 43% | 23% | 24% | 21% | 22% |
18 | -9 | -5 | 12 | 37 | 77 | 135 | |
EPS in Rs | -5.25 | -3.05 | 5.90 | 17.40 | 34.08 | 51.83 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 57% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 124% |
TTM: | 73% |
Stock Price CAGR | |
---|---|
10 Years: | 36% |
5 Years: | 134% |
3 Years: | 112% |
1 Year: | 151% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | 19% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 11 | 16 | 16 | 20 | 21 | 23 | 26 |
Reserves | 35 | 131 | 126 | 171 | 291 | 373 | 1,012 |
68 | 78 | 80 | 185 | 399 | 577 | 435 | |
46 | 62 | 65 | 204 | 359 | 536 | 835 | |
Total Liabilities | 160 | 288 | 288 | 580 | 1,069 | 1,509 | 2,308 |
62 | 122 | 123 | 273 | 441 | 578 | 785 | |
CWIP | 17 | 21 | 22 | 6 | 5 | 2 | 63 |
Investments | 0 | 30 | 26 | 0 | 1 | 2 | 6 |
80 | 115 | 117 | 301 | 623 | 927 | 1,455 | |
Total Assets | 160 | 288 | 288 | 580 | 1,069 | 1,509 | 2,308 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
23 | -23 | 57 | -79 | 46 | 186 | ||
-50 | -97 | -44 | -161 | -173 | -399 | ||
22 | 126 | -17 | 256 | 112 | 234 | ||
Net Cash Flow | -5 | 6 | -4 | 16 | -15 | 22 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 28 | 29 | 43 | 76 | 70 | 74 | 74 |
Inventory Days | 16 | 45 | 39 | 61 | 118 | 73 | 90 |
Days Payable | 33 | 67 | 63 | 101 | 111 | 81 | 107 |
Cash Conversion Cycle | 12 | 7 | 18 | 37 | 77 | 67 | 56 |
Working Capital Days | 13 | 21 | 34 | 40 | 77 | 64 | 58 |
ROCE % | 1% | 1% | 13% | 17% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 28 Jun
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 28 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jun - The officials of the Company on July 04, 2024 will attend a Investor/Analyst meeting/event - India Consumer Durable event with focus on AC' as per …
- Intimation Of Record Date For Subdivision / Split Of Equity Shares Of The Company 26 Jun
- Closure of Trading Window 26 Jun
Annual reports
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Financial Year 2012
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Financial Year 2011
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Concalls
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Business Segments
Plastic Molding - The Co specialises in developing small, medium and large sized, high-precision surface critical injection molded components and offers a number of specialized post-moulding operations to meet customer needs. [1]
Product Business - The Co acts as a Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) for washing machines, air conditioners and coolers. The company is Second largest ODM for Room ACs in India and is one of the most backward integrated AC manufacturing plants at a single location in Ahmednagar, Maharashtra. The company is Second largest ODM for Washing Machines in India and has developed 6 platforms for SAWM and 2 platforms for FATL. [2]
Electronics - The Co develops printed circuit board assemblies for a wide range of applications on a turnkey basis (including procurement, assembly, testing, packing & shipping). Today, the principal business in the segment is PCB assemblies for leading TV manufacturers. The company entered the LED TV business in 2022 in JV with Jaina India for Google-certified ODM TVs. It manufactures TVs of sizes ranging from 24” to 70”.[2]
Tool Manufacturing - It develops small to medium size molds for applications in Automotive Applications, White Goods, Home & Kitchen Appliances. [1]
Apart from this, the company has diversified into engineered plastics for sanitaryware, automotive and other specialized applications.[3]