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
Upon examining the financial data for BSE code 513532, it becomes clear that the company achieved a notable five-year profit of 9 percents, which impressively increased to 28 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 18 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 45 percents over the five-year period to just 85 percents in the last year. The ten-year average stock price, which sits at 19 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
With a market capitalization of ₹494 crore, the company’s stock is currently trading at ₹286, having fluctuated within a range of ₹321 / 137 over the years. The stock's P/E ratio of 18.1 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹66.0, representing the total value of its assets on a per-share basis, while the dividend yield of 0.70% offers a modest return to shareholders. ROCE, at 20.0%, highlights the company's efficient use of capital in generating profits, while ROE at 21.3% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.64 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹3.11 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 6.00 suggests moderate financial strength, while the Graham Number, pegged at ₹153, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 4.31 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
