Precision Metaliks Ltd
Incorporated in 2012, Precision Metaliks Ltd does trading and manufacturing of Aluminum Alloy Wheels in a variety of sizes and finishing of Alloy Wheels[1]
- Market Cap ₹ 83.6 Cr.
- Current Price ₹ 51.4
- High / Low ₹ 69.3 / 33.6
- Stock P/E 12.3
- Book Value ₹ 53.4
- Dividend Yield 0.00 %
- ROCE 15.7 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.96 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 173 days.
* 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: Auto Ancillaries Industry: Auto Ancillaries
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0 | 22 | 49 | 126 | 189 | 196 | |
| 0 | 21 | 48 | 121 | 181 | 188 | |
| Operating Profit | 0 | 1 | 2 | 4 | 8 | 8 |
| OPM % | 0% | 4% | 3% | 3% | 4% | 4% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 2 | 4 | 7 | 7 |
| Tax % | 0% | 1% | 1% | 19% | 4% | 6% |
| 0 | 1 | 1 | 3 | 7 | 7 | |
| EPS in Rs | 0.00 | 7.99 | 11.81 | 2.13 | 4.37 | 4.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 447% |
| 3 Years: | 58% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 1 | 1 | 16 | 16 | 23 |
| Reserves | 0 | 10 | 14 | 24 | 32 | 64 |
| 0 | 0 | 0 | 0 | 4 | 0 | |
| 3 | 3 | 6 | 5 | 58 | 67 | |
| Total Liabilities | 3 | 14 | 21 | 46 | 111 | 154 |
| 0 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 2 | 2 | 2 | 2 |
| 1 | 11 | 18 | 43 | 108 | 151 | |
| Total Assets | 3 | 14 | 21 | 46 | 111 | 154 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0 | -8 | -3 | -11 | -5 | -24 | |
| -0 | -1 | -0 | 0 | 0 | 0 | |
| 0 | 9 | 3 | 21 | 4 | 27 | |
| Net Cash Flow | 0 | 0 | 1 | 10 | -1 | 3 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 456 | 140 | 0 | 63 | 180 | |
| Inventory Days | 14 | 163 | 23 | 1 | ||
| Days Payable | 40 | 25 | 2 | 115 | ||
| Cash Conversion Cycle | 456 | 114 | 137 | 84 | 66 | |
| Working Capital Days | -17,246 | 122 | 87 | 79 | 77 | |
| ROCE % | 15% | 12% | 15% | 17% |
Documents
Announcements
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Updates
17 July 2024 - Precision Metaliks Limited has informed regarding 'Non-applicability of Corporate Governance Provisions'.'.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2024 - Precision Metaliks Limited has informed about Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
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Reply to Clarification- Financial results
24 June 2024 - Exchange had sought clarification from Precision Metaliks Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Clarification - Financial Results
20 June 2024 - Exchange has sought clarification from Precision Metaliks Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Updates
12 June 2024 - Precision Metaliks Limited has informed regarding receipt of In-Principal Approval for listing of the Equity Shares issued on Preferential Basis.
Business Overview:[1]
Company does processing of semi-finished alloy wheels by rendering value added services and other engineering services