Pritika Auto Industries Ltd

Pritika Auto Industries Ltd

₹ 17.8 -2.30%
12 Mar 4:01 p.m.
About

Incorporated in 1980, Pritika Auto Industries
Ltd manufactures tractor and automobile components[1]

Key Points

Business Overview:[1]
Pritika Group, founded in 1973-74, is the largest manufacturer of machined castings in North India. It specializes in design, engineering, casting, machining, and sub-assembly of components, primarily for automotive and tractor sectors. The group plans to diversify into railway, defense, and electric hybrid tractor components manufacturing.

  • Market Cap 297 Cr.
  • Current Price 17.8
  • High / Low 36.7 / 17.2
  • Stock P/E 18.9
  • Book Value 13.9
  • Dividend Yield 0.00 %
  • ROCE 11.7 %
  • ROE 6.74 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 78.7 to 40.4 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.35%
  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Company has a low return on equity of 7.77% over last 3 years.
  • Contingent liabilities of Rs.307 Cr.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
55.98 57.00 96.00 100.04 77.82 88.16 94.72 93.70 70.83 82.58 88.80 85.77 80.65
50.78 49.86 84.66 87.18 69.40 79.25 82.72 81.49 59.21 71.19 74.38 70.75 67.27
Operating Profit 5.20 7.14 11.34 12.86 8.42 8.91 12.00 12.21 11.62 11.39 14.42 15.02 13.38
OPM % 9.29% 12.53% 11.81% 12.85% 10.82% 10.11% 12.67% 13.03% 16.41% 13.79% 16.24% 17.51% 16.59%
2.65 0.21 0.22 0.24 0.27 0.47 0.24 0.23 0.32 0.80 0.16 7.84 0.43
Interest 2.14 2.28 1.99 2.45 2.45 2.36 2.31 2.49 3.14 4.48 3.52 4.16 3.61
Depreciation 2.70 2.79 2.75 3.10 2.97 3.08 3.07 3.03 3.91 4.19 4.81 5.44 4.84
Profit before tax 3.01 2.28 6.82 7.55 3.27 3.94 6.86 6.92 4.89 3.52 6.25 13.26 5.36
Tax % 5.32% 1.32% 24.78% 33.77% 12.23% 31.47% 23.03% 31.36% 18.40% 26.42% 28.48% 20.21% 17.35%
2.86 2.25 5.13 5.00 2.86 2.70 5.29 4.75 3.98 2.59 4.48 10.58 4.42
EPS in Rs 0.32 0.25 0.58 0.56 0.32 0.21 0.42 0.43 0.19 0.12 0.21 0.44 0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 157 169 208 166 224 269 360 339 338
0 139 144 178 145 200 239 318 287 284
Operating Profit -0 18 25 30 21 24 30 42 52 54
OPM % -22% 11% 15% 14% 13% 11% 11% 12% 15% 16%
0 0 1 2 2 1 8 1 2 9
Interest 0 7 6 8 7 8 9 9 15 16
Depreciation 0 5 6 6 8 8 11 12 17 19
Profit before tax 0 7 14 18 8 9 18 22 23 28
Tax % 33% 35% 21% 20% 27% 31% 20% 27% 25%
0 4 11 14 6 6 14 16 17 22
EPS in Rs 0.03 0.63 1.26 1.59 0.63 0.66 1.63 1.67 0.78 0.96
Dividend Payout % 0% 0% 3% 6% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 15%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 31%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 3%
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 14 18 18 18 18 18 18 32 37
Reserves -0 27 78 98 103 110 121 144 180 194
0 45 55 61 68 85 85 95 149 146
0 46 42 56 54 67 66 94 76 93
Total Liabilities 5 132 192 232 243 279 290 350 438 471
0 34 61 92 96 115 129 132 231 237
CWIP 0 2 7 9 15 11 2 9 2 10
Investments 1 0 0 2 5 6 0 0 0 0
4 95 124 129 127 148 158 209 204 224
Total Assets 5 132 192 232 243 279 290 350 438 471

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 3 -9 28 19 21 18 5 42
-0 -36 -24 -40 -19 -26 -6 -23 -97
0 30 36 8 1 4 -12 30 44
Net Cash Flow -0 -2 3 -4 1 -1 1 12 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 151 89 81 83 102 104 97 99 40
Inventory Days 190 173 165 217 170 148 118 238
Days Payable 70 61 59 64 65 59 48 41
Cash Conversion Cycle 151 209 192 189 255 210 186 169 238
Working Capital Days 3,303 102 160 127 162 129 133 132 152
ROCE % 29% 17% 16% 8% 8% 9% 13% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
48.05% 48.13% 48.12% 48.13% 48.54% 48.54% 48.54% 68.38% 65.80% 64.86% 59.85% 57.51%
11.05% 11.02% 1.73% 1.54% 1.55% 1.54% 1.34% 2.41% 4.12% 4.07% 7.27% 5.11%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.50%
40.90% 40.85% 50.15% 50.32% 49.91% 49.92% 50.11% 29.21% 30.07% 31.08% 32.88% 35.86%
No. of Shareholders 17,18517,91721,13322,00722,95525,74231,89342,93965,27461,73468,82975,076

* 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.

Click on the line-items to see the names of individual entities.

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