Plaza Wires Ltd
₹ 76.5
2.44%
03 Dec
- close price
About
Incorporated in 2006, Plaza Wires Ltd manufactures and trades electrical wire
and allied product[1]
Key Points
- Market Cap ₹ 335 Cr.
- Current Price ₹ 76.5
- High / Low ₹ 121 / 70.5
- Stock P/E 169
- Book Value ₹ 27.5
- Dividend Yield 0.00 %
- ROCE 7.54 %
- ROE 4.21 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 2.78 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.74% over past five years.
- Company has a low return on equity of 9.47% over last 3 years.
- Company's cost of borrowing seems high
* 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: Cables Industry: Cables - Power
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 158 | 159 | 145 | 177 | 182 | 199 | 198 | |
| 145 | 148 | 134 | 164 | 167 | 189 | 192 | |
| Operating Profit | 13 | 11 | 11 | 13 | 16 | 10 | 6 |
| OPM % | 8% | 7% | 7% | 7% | 9% | 5% | 3% |
| 0 | 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 4 | 4 | 4 | 3 | 4 | 4 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 8 | 5 | 6 | 9 | 10 | 5 | 3 |
| Tax % | 16% | 27% | 28% | 31% | 29% | 30% | |
| 7 | 4 | 4 | 6 | 7 | 4 | 2 | |
| EPS in Rs | 183.87 | 10.47 | 11.44 | 1.95 | 2.39 | 0.84 | 0.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 11% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -12% |
| 3 Years: | -6% |
| TTM: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 31 | 31 | 44 | 44 |
| Reserves | 27 | 31 | 36 | 15 | 23 | 76 | 77 |
| 33 | 37 | 44 | 40 | 40 | 41 | 22 | |
| 26 | 17 | 16 | 18 | 19 | 12 | 11 | |
| Total Liabilities | 89 | 89 | 99 | 104 | 112 | 173 | 153 |
| 20 | 20 | 20 | 23 | 23 | 26 | 28 | |
| CWIP | 0 | 0 | 0 | 0 | 3 | 3 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 70 | 68 | 79 | 81 | 86 | 144 | 115 | |
| Total Assets | 89 | 89 | 99 | 104 | 112 | 173 | 153 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 8 | 2 | -2 | 11 | 9 | -27 | |
| -2 | -1 | -1 | -4 | -4 | -3 | |
| -6 | -0 | 3 | -7 | -5 | 60 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 30 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 98 | 69 | 117 | 92 | 104 | 110 |
| Inventory Days | 65 | 88 | 93 | 82 | 78 | 79 |
| Days Payable | 57 | 28 | 33 | 29 | 27 | 13 |
| Cash Conversion Cycle | 106 | 129 | 176 | 144 | 155 | 176 |
| Working Capital Days | 100 | 117 | 158 | 130 | 135 | 182 |
| ROCE % | 14% | 13% | 14% | 16% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Nov - OF SEBI (LODR) REGULATIONS, 2015-SUBMISSION OF NEWSPAPER PUBLICATIONS OF THE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30TH SEPTEMBER, 2024.
-
Statement Of Deviation Or Variation In Utilization Of Funds, If Any Under Regulation 32 Of SEBI (LODR), Regulation, 2015.
14 Nov - Confirmation of no deviation in IPO fund utilization.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - Submission of Monitoring Agency Report for IPO proceeds.
-
Board Meeting Outcome for Outcome Of The Board Meeting Pursuant To Regulation 30 And 33(3) Of SEBI (LODR), Regulation, 2015.
14 Nov - Approved un-audited financial results for Q2 2024.
-
Board Meeting Intimation for PRIOR INTIMATION OF MEETING OF THE Board UNDER REGULATION 29 OF THE SEBI (LODR) REGULATIONS, 2015.
7 Nov - Board meeting scheduled to approve financial results.
Business Overview:[1]
PWL is an ISO 9001:2015 and 14001:2015 certified company in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast moving electrical goods under its flagship brand Plaza Cables, and home brands such as Action Wires and PCG. Company's product mix comprises different type of wires and cables, and fastmoving electrical goods such as electric fans, water heaters, switches and switchgears, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe & accessories.