Pokarna Ltd

Pokarna Ltd

₹ 998 -3.53%
21 Nov - close price
About

Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]

Key Points

Product Offerings
The company’s color palette includes over 75 varieties of granite sourced from India, Ukraine, Madagascar, and Norway. Some of them are Arctic Breeze, Bellini, Donatello, Artisan Wool Calacatta Capri, Masaccio, etc [1] [2]

  • Market Cap 3,095 Cr.
  • Current Price 998
  • High / Low 1,180 / 419
  • Stock P/E
  • Book Value 36.4
  • Dividend Yield 0.06 %
  • ROCE -1.36 %
  • ROE -5.91 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 850%

Cons

  • Stock is trading at 27.5 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -23.5% over past five years.
  • Company has a low return on equity of -1.22% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
14.34 16.98 12.60 20.70 12.73 8.52 18.59 16.61 9.83 5.38 6.40 5.98 8.53
11.18 13.69 13.25 16.68 11.33 9.84 13.06 14.09 11.24 8.66 7.30 7.99 9.70
Operating Profit 3.16 3.29 -0.65 4.02 1.40 -1.32 5.53 2.52 -1.41 -3.28 -0.90 -2.01 -1.17
OPM % 22.04% 19.38% -5.16% 19.42% 11.00% -15.49% 29.75% 15.17% -14.34% -60.97% -14.06% -33.61% -13.72%
0.12 0.04 0.35 0.05 2.92 0.05 -0.25 -0.32 5.16 0.83 -0.58 0.17 4.43
Interest 0.93 0.96 1.18 1.09 0.96 1.15 0.97 1.05 1.08 0.94 0.99 1.08 1.16
Depreciation 2.21 2.23 2.21 2.18 2.15 2.05 1.64 1.64 1.86 1.54 1.98 2.00 1.18
Profit before tax 0.14 0.14 -3.69 0.80 1.21 -4.47 2.67 -0.49 0.81 -4.93 -4.45 -4.92 0.92
Tax % 14.29% -78.57% -15.18% 21.25% -10.74% -15.21% 4.12% -30.61% 24.69% -26.98% -23.15% -25.20% 280.43%
0.13 0.25 -3.12 0.63 1.34 -3.79 2.56 -0.33 0.61 -3.60 -3.42 -3.68 -1.66
EPS in Rs 0.04 0.08 -1.01 0.20 0.43 -1.22 0.83 -0.11 0.20 -1.16 -1.10 -1.19 -0.54
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 TTM
153 164 189 190 145 154 145 77 77 69 58 38 26
132 138 145 144 115 121 115 67 63 56 48 41 34
Operating Profit 21 27 44 46 30 33 29 10 14 13 10 -3 -7
OPM % 13% 16% 23% 24% 21% 22% 20% 12% 18% 19% 17% -7% -28%
4 1 5 4 5 2 1 1 2 1 1 4 5
Interest 11 11 13 13 8 8 6 6 5 4 4 4 4
Depreciation 9 10 11 10 9 10 15 12 10 9 7 7 7
Profit before tax 5 7 25 28 19 17 10 -8 1 0 0 -9 -13
Tax % 29% 33% 36% 38% 35% 29% 31% -38% 70% 76% -289% -27%
4 5 16 17 12 12 7 -5 0 0 1 -7 -12
EPS in Rs 1.18 1.57 5.24 5.56 4.01 3.98 2.22 -1.55 0.09 0.03 0.24 -2.17 -3.99
Dividend Payout % 0% 25% 11% 36% 15% 15% 27% -39% 641% 2,325% 251% -28%
Compounded Sales Growth
10 Years: -14%
5 Years: -23%
3 Years: -21%
TTM: -51%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -16650%
Stock Price CAGR
10 Years: 24%
5 Years: 61%
3 Years: 18%
1 Year: 82%
Return on Equity
10 Years: 4%
5 Years: -1%
3 Years: -1%
Last Year: -6%

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 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 84 88 100 110 117 127 132 125 124 123 122 114 107
82 109 100 82 86 80 56 50 53 48 45 43 40
91 61 56 59 43 35 30 31 30 27 22 13 19
Total Liabilities 263 263 262 257 251 248 224 213 213 204 195 176 172
91 85 83 87 112 113 101 96 87 80 74 63 59
CWIP 1 2 4 13 2 2 2 2 1 1 0 0 0
Investments 61 61 61 61 61 61 61 61 61 61 61 61 61
109 115 113 96 76 72 60 53 64 62 60 52 51
Total Assets 263 263 262 257 251 248 224 213 213 204 195 176 172

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
14 -7 14 54 38 28 36 16 12 13 6 1
-9 -11 7 -19 -25 -10 -2 0 -2 -1 2 6
-5 16 -22 -33 -13 -11 -31 -24 -8 -12 -15 -8
Net Cash Flow -0 -2 -1 1 0 6 4 -8 2 -0 -7 -1

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 60 77 75 62 52 53 33 37 53 41 59 62
Inventory Days 374 369 409 594 803 534 488 1,580 1,824 1,597 1,216
Days Payable 126 170 197 210 282 183 125 452 348 191 193
Cash Conversion Cycle 308 276 288 446 573 404 396 1,164 1,528 41 1,465 1,085
Working Capital Days -72 10 77 17 34 49 36 105 151 164 210 281
ROCE % 9% 10% 19% 20% 13% 12% 8% -1% 3% 3% 3% -1%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
1.73% 2.39% 2.77% 2.82% 3.65% 3.63% 3.66% 3.95% 4.05% 4.27% 5.32% 5.34%
9.82% 10.22% 9.86% 9.89% 10.19% 10.34% 10.34% 10.38% 10.25% 11.16% 13.14% 14.09%
31.79% 30.73% 30.71% 30.63% 29.49% 29.36% 29.34% 29.00% 29.03% 27.93% 24.89% 23.90%
No. of Shareholders 18,25518,60919,61320,92619,36419,23918,71418,34419,70920,68219,27419,989

* 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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Documents

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