Panasonic Appliances India Company
Panasonic Appliances India Company
Consumer DiscretionaryTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
6- Stock is trading at 7.99 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.64% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.3.55 Cr.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.34 | 37.92 | 42.3 | 42.91 | 34.21 | 43.07 | 59.1 | 53 | 33.4 |
| Expenses | 28.89 | 38.01 | 40.98 | 42.66 | 32.59 | 41.01 | 56.69 | 51.43 | 33.35 |
| Operating Profit | 0.45 | -0.09 | 1.32 | 0.25 | 1.62 | 2.06 | 2.41 | 1.57 | 0.05 |
| OPM % | 1.53% | -0.24% | 3.12% | 0.58% | 4.74% | 4.78% | 4.08% | 2.96% | 0.15% |
| Other Income | 0.15 | 0.24 | 0.12 | 0.23 | 0.08 | 0.28 | 0.02 | 0.13 | 0.47 |
| Interest | 0.79 | 0.74 | 0.96 | 1.09 | 1.04 | 0.89 | 0.77 | 0.56 | 0.65 |
| Depreciation | 0.9 | 0.89 | 0.86 | 0.82 | 0.83 | 0.82 | 0.87 | 0.95 | 1.07 |
| PBT | -1.09 | -1.48 | -0.38 | -1.43 | -0.17 | 0.63 | 0.79 | 0.19 | -1.2 |
| Tax % | -2.75% | 0% | 0% | 0% | -5.88% | 0% | 0% | 0% | 0% |
| Net Profit | -1.06 | -1.47 | -0.37 | -1.42 | -0.16 | 0.63 | 0.79 | 0.2 | -1.21 |
| EPS in Rs | -1.11 | -1.54 | -0.39 | -1.49 | -0.16 | 0.64 | 0.8 | 0.2 | -1.23 |
Profit & Loss
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 99 | 135 | 186 | 180 | 148 | 157 | 192 | 201 | 186 | 225 | 273 | 278 |
| Expenses | 95 | 129 | 179 | 186 | 153 | 154 | 186 | 197 | 187 | 219 | 263 | 271 |
| Operating Profit | 4 | 6 | 7 | -6 | -5 | 3 | 6 | 3 | -1 | 7 | 10 | 7 |
| OPM % | 4.1% | 4.7% | 3.9% | -3.4% | -3.4% | 2.1% | 3.3% | 1.7% | -0.5% | 2.9% | 3.7% | 2.5% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 4 |
| Interest | 1 | 1 | 2 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 6 | 5 | 6 |
| PBT | 3 | 3 | 3 | -13 | -11 | -3 | 0 | -1 | -6 | 0 | 7 | 4 |
| Tax % | 45% | 35% | 32% | 0% | 0% | 0% | 0% | -111% | 8% | 0% | 0% | 0% |
| Net Profit | 1 | 2 | 2 | -13 | -11 | -3 | 0 | 0 | -7 | 0 | 7 | 4 |
| EPS in Rs | — | — | — | — | -11.96 | -3.49 | 0.42 | 0.15 | -6.74 | 0.21 | 7.13 | 3.73 |
| Div. Payout % | 72% | 44% | 48% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 13 | 13 |
| Reserves | 9 | 10 | 11 | -2 | -2 | -2 | -2 | -2 | -9 | -8 | 30 | 33 |
| Borrowings | 2 | 7 | 14 | 38 | 30 | 36 | 40 | 44 | 49 | 43 | 0 | 3 |
| Other Liabilities | 23 | 31 | 41 | 40 | 34 | 26 | 35 | 43 | 28 | 46 | 60 | 61 |
| Total Liabilities | 42 | 56 | 75 | 86 | 72 | 70 | 83 | 95 | 78 | 91 | 102 | 110 |
| Fixed Assets | 11 | 18 | 28 | 33 | 32 | 30 | 31 | 31 | 33 | 36 | 35 | 34 |
| CWIP | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 29 | 38 | 47 | 53 | 40 | 40 | 51 | 61 | 44 | 55 | 67 | 76 |
| Total Assets | 42 | 56 | 75 | 86 | 72 | 70 | 83 | 95 | 78 | 91 | 102 | 110 |
Cash Flow
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1 | 2 | — | — | — | — | — | — | — | — | — | — |
| Investing | -3 | -7 | — | — | — | — | — | — | — | — | — | — |
| Financing | -2 | 4 | — | — | — | — | — | — | — | — | — | — |
| Net Cash Flow | -3 | -2 | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -2 | -5 | — | — | — | — | — | — | — | — | — | — |
| CFO/OP | 70 | 45 | — | — | — | — | — | — | — | — | — | — |
Ratios
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 42 | 42 | 60 | 53 | 45 | 48 | 61 | 37 | 40 | 50 | 41 |
| Inventory Days | 89 | 73 | 62 | 50 | 56 | 57 | 66 | 69 | 66 | 67 | 39 | 74 |
| Days Payable | 106 | 119 | 85 | 95 | 93 | 62 | 88 | 109 | 68 | 81 | 80 | 87 |
| Cash Conversion Cycle | 9 | -4 | 18 | 15 | 16 | 41 | 26 | 21 | 35 | 25 | 9 | 28 |
| Working Capital Days | 17 | 19 | 10 | 25 | 17 | 34 | 33 | 32 | 33 | 15 | 7 | 19 |
| ROCE % | 16% | 18% | 17% | -22% | -19% | 1% | 7% | 2% | -5% | 8% | 21% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Panasonic Appliances India Company is primarily engaged in the business of manufacture and sale of consumer durable products such as electric rice cookers, mixer grinders and wet grinders.
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