Financials PG Electroplast Limited

Equities

PGEL

INE457L01011

Electronic Equipment & Parts

Market Closed - Bombay S.E. Other stock markets 03:00:37 2024-05-18 am EDT			5-day change	1st Jan Change
2,203 ^INR	+3.99%		+6.83%	-7.03%

Apr. 26	PG Electroplast Arm Unveils New Air Conditioning Plant in Rajasthan, India	MT
Mar. 11	PG Electroplast Reports Fire Incident at Warehouse in Greater Noida, India	MT

Valuation

Fiscal Period: March	2023	2024	2025	2026
Capitalization ¹	30,250	57,329	-	-
Enterprise Value (EV) ¹	30,250	59,195	58,809	57,968
P/E ratio	39.4 x	43.4 x	30.3 x	24.6 x
Yield	-	0.11%	0.14%	0.18%
Capitalization / Revenue	1.4 x	2.1 x	1.73 x	1.46 x
EV / Revenue	1.4 x	2.17 x	1.77 x	1.48 x
EV / EBITDA	17.2 x	25.9 x	21.5 x	18.6 x
EV / FCF	-27.8 x	-79 x	395 x	70 x
FCF Yield	-3.6%	-1.27%	0.25%	1.43%
Price to Book	7.64 x	5.76 x	4.84 x	3.96 x
Nbr of stocks (in thousands)	22,743	26,026	-	-
Reference price ²	1,330	2,203	2,203	2,203
Announcement Date	5/26/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2023	2024	2025	2026
Net sales ¹	21,599	27,306	33,187	39,293
EBITDA ¹	1,760	2,282	2,733	3,110
EBIT ¹	1,411	1,752	2,064	2,493
Operating Margin	6.53%	6.42%	6.22%	6.35%
Earnings before Tax (EBT) ¹	975.4	1,597	2,293	2,705
Net income ¹	774.7	1,235	1,803	2,185
Net margin	3.59%	4.52%	5.43%	5.56%
EPS ²	33.77	50.75	72.63	89.70
Free Cash Flow ¹	-1,088	-749.7	149	828.3
FCF margin	-5.04%	-2.75%	0.45%	2.11%
FCF Conversion (EBITDA)	-	-	5.45%	26.63%
FCF Conversion (Net income)	-	-	8.27%	37.92%
Dividend per Share ²	-	2.500	3.000	4.000
Announcement Date	5/26/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q2	2023 Q3	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	3,278	4,579	6,789	5,618	5,973	10,654
EBITDA ¹	191.5	355.2	658.1	489.3	482.3	932
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	107.4	-	-	403.1	294.9	-
Net income ¹	71.66	137.4	338.1	220.7	218	608.8
Net margin	2.19%	3%	4.98%	3.93%	3.65%	5.71%
EPS ²	3.120	6.000	14.71	10.53	8.800	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	11/14/22	2/4/23	8/4/23	-	-	-

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2023	2024	2025	2026
Net Debt ¹	-	1,866	1,480	639
Net Cash position ¹	-	-	-	-
Leverage (Debt/EBITDA)	-	0.8176 x	0.5415 x	0.2054 x
Free Cash Flow ¹	-1,088	-750	149	828
ROE (net income / shareholders' equity)	19.6%	13.8%	15.9%	16%
ROA (Net income/ Total Assets)	6.01%	7.6%	10.2%	9.7%
Assets ¹	12,884	16,253	17,674	22,522
Book Value Per Share ²	174.0	382.0	455.0	556.0
Cash Flow per Share ²	19.90	47.00	64.30	69.30
Capex ¹	1,546	1,985	1,655	1,067
Capex / Sales	7.16%	7.27%	4.99%	2.71%
Announcement Date	5/26/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PG Electroplast Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,118 INR

Average target price

2,333 INR

Spread / Average Target

+10.14%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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