Financials Prima Industries Limited

Equities

PRIMAIN6

INE723N01012

Fishing & Farming

Valuation

Fiscal Period: Maart 2018 2019 2020 2021 2022 2023
Capitalization 1 173.7 76.73 85.26 164 293.5 160.7
Enterprise Value (EV) 1 178.1 73.99 73.13 164.8 304.7 173.8
P/E ratio 13.3 x 3.43 x 3.29 x 4.36 x 19.3 x 36.3 x
Yield - - - - - -
Capitalization / Revenue 0.63 x 0.85 x 0.5 x 0.93 x 1.7 x 2.12 x
EV / Revenue 0.65 x 0.82 x 0.43 x 0.93 x 1.76 x 2.3 x
EV / EBITDA 9.86 x 2.62 x 2.57 x 3.82 x 11.2 x 20 x
EV / FCF 9.94 x 28.6 x 15.6 x 14.3 x 86.8 x -29.5 x
FCF Yield 10.1% 3.5% 6.42% 7.01% 1.15% -3.39%
Price to Book -26 x 4.43 x 2.2 x 1.96 x 2.75 x 1.43 x
Nbr of stocks (in thousands) 10,792 10,792 10,792 10,792 10,792 10,792
Reference price 2 16.10 7.110 7.900 15.20 27.20 14.89
Announcement Date 18-10-14 19-08-20 20-08-21 21-08-30 22-08-17 23-08-18
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2018 2019 2020 2021 2022 2023
Net sales 1 275.8 90.73 170.6 176.8 172.8 75.73
EBITDA 1 18.07 28.26 28.46 43.1 27.26 8.695
EBIT 1 10.99 21.09 21.17 35.66 18.92 0.4729
Operating Margin 3.99% 23.25% 12.41% 20.17% 10.95% 0.62%
Earnings before Tax (EBT) 1 12.68 21.67 25.96 36.47 19.43 3.556
Net income 1 13.11 22.37 25.92 37.64 15.24 4.464
Net margin 4.75% 24.65% 15.2% 21.29% 8.82% 5.89%
EPS 2 1.210 2.070 2.400 3.488 1.412 0.4100
Free Cash Flow 1 17.91 2.591 4.697 11.54 3.508 -5.892
FCF margin 6.49% 2.86% 2.75% 6.53% 2.03% -7.78%
FCF Conversion (EBITDA) 99.11% 9.17% 16.51% 26.77% 12.87% -
FCF Conversion (Net income) 136.62% 11.58% 18.12% 30.66% 23.02% -
Dividend per Share - - - - - -
Announcement Date 18-10-14 19-08-20 20-08-21 21-08-30 22-08-17 23-08-18
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Maart 2018 2019 2020 2021 2022 2023
Net Debt 1 4.36 - - 0.71 11.1 13.1
Net Cash position 1 - 2.74 12.1 - - -
Leverage (Debt/EBITDA) 0.2413 x - - 0.0166 x 0.4079 x 1.51 x
Free Cash Flow 1 17.9 2.59 4.7 11.5 3.51 -5.89
ROE (net income / shareholders' equity) 13.4% 19.1% 18.5% 21.7% 7.35% 2.01%
ROA (Net income/ Total Assets) 5.27% 9.65% 8.8% 11.7% 5.05% 0.12%
Assets 1 248.9 231.8 294.6 321.3 302.1 3,815
Book Value Per Share 2 -0.6200 1.600 3.590 7.770 9.910 10.40
Cash Flow per Share 2 0.5900 0.2700 1.120 0.4600 0.2200 0.2000
Capex 1 1.27 2.36 2.14 7.22 0.25 12.1
Capex / Sales 0.46% 2.6% 1.26% 4.08% 0.14% 16.03%
Announcement Date 18-10-14 19-08-20 20-08-21 21-08-30 22-08-17 23-08-18
1INR in Million2INR
Estimates
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