Precision Wires India Ltd

Precision Wires India Ltd

₹ 174 0.42%
22 Nov - close price
About

Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia. [1][2][3]

Key Points

Business Profile
PWIL is a leading player in the organized copper winding wires market in India. Company is in the business of converting copper into winding wires. These winding wires are a basic component in the supply chain of manufacturing of electrical goods. [1]

  • Market Cap 3,101 Cr.
  • Current Price 174
  • High / Low 221 / 104
  • Stock P/E 183
  • Book Value 11.2
  • Dividend Yield 0.60 %
  • ROCE 16.9 %
  • ROE 8.88 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 15.5 times its book value
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Dec 2015 Mar 2016
207.76 190.05 210.05
197.79 178.06 196.00
Operating Profit 9.97 11.99 14.05
OPM % 4.80% 6.31% 6.69%
0.05 0.10 0.13
Interest 1.76 2.67 2.76
Depreciation 5.06 4.02 3.96
Profit before tax 3.20 5.40 7.46
Tax % 40.62% 38.15% 33.51%
1.90 3.34 4.88
EPS in Rs 0.11 0.19 0.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
881 843
833 792
Operating Profit 47 52
OPM % 5% 6%
3 2
Interest 14 11
Depreciation 20 16
Profit before tax 17 27
Tax % 40% 36%
10 17
EPS in Rs 0.58 0.98
Dividend Payout % 63% 89%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 68%
Stock Price CAGR
10 Years: 35%
5 Years: 54%
3 Years: 63%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
Equity Capital 12 12
Reserves 175 183
38 28
133 134
Total Liabilities 358 357
87 80
CWIP 3 12
Investments 0 2
268 263
Total Assets 358 357

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
32 45
-5 -19
-36 -27
Net Cash Flow -8 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
Debtor Days 57 58
Inventory Days 46 50
Days Payable 52 55
Cash Conversion Cycle 51 53
Working Capital Days 50 50
ROCE % 17%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.67% 59.67% 59.67% 59.67% 59.67% 59.67% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93%
0.58% 0.84% 0.80% 0.70% 0.73% 0.61% 0.47% 0.11% 0.02% 0.14% 0.31% 0.31%
0.00% 0.00% 0.00% 0.04% 0.07% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.75% 39.49% 39.53% 39.57% 39.52% 39.70% 41.60% 41.96% 42.04% 41.94% 41.76% 41.76%
No. of Shareholders 25,76747,73546,93748,26356,90553,93451,71950,92753,34556,70756,68161,803

* 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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