Share the post "Pradeep Metals : Q4 2024 Financial Quarterly Report : YoY Sales Up 26.07 %, QoQ Up 17.34 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 26.07 % in the past year, substantial increase in net sales/revenue by 17.34 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 54.69 %. Marginal increase in other income during this quarter, up by 35.62%.
- Profit over the Year and quarter: Significant improvement in profitability for Pradeep Metals Ltd.. Notable increase of 92.96 % in net profit Year to Year, Pradeep Metals Ltd.’s profitability increased by 14.5 % in this quarter.
- EPS over the Year and quarter: EPS increased by 93.19 % Year to Year. EPS increased by 14.65 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 63.047 Cr | Rs. 67.74 Cr | Rs. 79.486 Cr | + 17.34 % | + 26.07 % |
| Expenses | Rs. 53.99 Cr | Rs. 55.86 Cr | Rs. 66.24 Cr | + 18.58 % | + 22.69 % |
| Operating Profit | Rs. 9.06 Cr | Rs. 11.88 Cr | Rs. 13.25 Cr | + 11.53 % | + 46.25 % |
| OPM % | 14.37 % | 17.54 % | 16.67 % | -0.87 % | + 2.3 % |
| Other Income | Rs. 0.64 Cr | Rs. 0.73 Cr | Rs. 0.99 Cr | + 35.62 % | + 54.69 % |
| Interest | Rs. 1.71 Cr | Rs. 1.81 Cr | Rs. 2 Cr | + 10.5 % | + 16.96 % |
| Depreciation | Rs. 2.29 Cr | Rs. 2.42 Cr | Rs. 2.32 Cr | -4.13 % | + 1.31 % |
| Profit before tax | Rs. 5.7 Cr | Rs. 8.38 Cr | Rs. 9.92 Cr | + 18.38 % | + 74.04 % |
| Tax % | 23.32 % | 18.35 % | 21.03 % | + 2.68 % | -2.29 % |
| Net Profit | Rs. 4.06 Cr | Rs. 6.84 Cr | Rs. 7.83 Cr | + 14.47 % | + 92.86 % |
| EPS in Rs | Rs. 2.35 | Rs. 3.96 | Rs. 4.54 | + 14.65 % | + 93.19 % |
Today, we’re looking at Pradeep Metals Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 26.07 %. However, it did see a marginal increase of 17.34 % from the previous quarter. Expenses ticked up slightly by 18.58 % quarter-on-quarter, aligning with the annual rise of 22.69 %. Operating profit, while up 46.25 % compared to last year, faced a quarter-on-quarter increase of 11.53 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.3 %, but a shrinkage of -0.87 % sequentially. Other income rose by 35.62 % compared to the last quarter, despite an annual growth of 54.69 %. Interest expenses surged remarkably by 10.5 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.96 %. Depreciation costs fell by -4.13 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.31 %. Profit before tax grew annually by 74.04 % but saw an increase from the preceding quarter by 18.38 %.
Tax expenses as a percentage of profits decreased slightly by -2.29 % compared to last year, with a more notable quarter-on-quarter increase of 2.68 %. Net profit rose by 92.86 % year-on-year but experienced a 14.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 93.19 % but a quarterly rise of 14.65 %. In summary, Pradeep Metals Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 63.047 Cr | Rs. 67.74 Cr | Rs. 79.486 Cr | + 17.34 % | + 26.07 % |
| Expenses | Rs. 53.99 Cr | Rs. 55.86 Cr | Rs. 66.24 Cr | + 18.58 % | + 22.69 % |
| Operating Profit | Rs. 9.06 Cr | Rs. 11.88 Cr | Rs. 13.25 Cr | + 11.53 % | + 46.25 % |
| Net Profit | Rs. 4.06 Cr | Rs. 6.84 Cr | Rs. 7.83 Cr | + 14.47 % | + 92.86 % |
| EPS in Rs | Rs. 2.35 | Rs. 3.96 | Rs. 4.54 | + 14.65 % | + 93.19 % |
In reviewing Pradeep Metals Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.07 % year-on-year growth, however, there was a minor increase of 17.34 % from the previous quarter. Expenses rose by 22.69 % compared to the previous year, with a 18.58 % increase quarter-on-quarter. Operating Profit surged by 46.25 % annually, and saw a 11.53 % increase from the last quarter.
Net Profit showed yearly increase of 92.86 %, and experienced a 14.47 % increase from the previous quarter. Earnings Per Share (EPS) rose by 93.19 % annually, however rose by 14.65 % compared to the last quarter. In essence, while Pradeep Metals Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
28
3-Year Profit
9
5-Year Profit
12
10-Year Profit
286
Current Price
494
Market Cap
The company associated with BSE code 513532 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 9 percents, which subsequently rose to 28 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 18 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 45 percents over the last five years, it has recently dropped to 85 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 19 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
The company currently holds a market cap of ₹494 crore, with its stock trading at ₹286. Historically, the stock has fluctuated between ₹321 / 137, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 18.1, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹66.0, which offers insight into the company's intrinsic worth, while its dividend yield of 0.70% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 20.0%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 21.3%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.64, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹3.11 crore raises concerns about its liquidity position. The Piotroski score of 6.00 reflects the company’s overall financial health, while the Graham Number of ₹153 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 4.31 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.
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