Precot Ltd.
Snapshot View

261.30 -0.85 ▼-0.3%

27 May 2022, 03:44:03 PM
Volume: 6,179

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.precot.com
Market Cap 313.56 Cr.
Enterprise Value(EV) 660.69 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 87.85 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 2.97 Trailing Twelve Months Ending 2022-03
Industry PE 11.42 Trailing Twelve Months Ending 2022-03
Book Value / Share 370.10 Trailing Twelve Months Ending 2022-03
Price to Book Value 0.71 Calculated using Price: 261.30
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.20 Cr. 12,000,000 Shares
FaceValue 10
Company Profile

Established in 1962, Precot has symbolized Quality and Trust in the textile industry. With four decades of spinning experience and a diverse range of products that include cotton yarns, sewing threads, fabrics and garments; Precot is one of the few totally integrated textile players with a total turnover of 90 million US Dollars.

Precot Mills limited was renamed as Precot Meridian Limited with effect from September 28,2006. The company has also adopted a new logo. The name change is in tune with the transformation of the company from a pure spinning mill into an integrated textile player. The company apart from manufacturing cotton yarn and polyester sewing thread has also commenced manufacture of yarn dyed shirting fabrics. It proposed to venture into garment manufacture also in due course. 

The group has state of the art infrastructure facilities and skilled personnel to rise up to customer expectations.

The group has been accorded the status of ‘Export House’ by the Cotton Textile Export Promotion Council of India (TEXPROCIL). The countries we export our products to include Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey and U.K. among others.

Meridian Industries Limited has been merged with Precot Mills Limited with effect from 01st April,2006. Meridian Industries Ltd (MIL) which was incorporated in the year 1993 was promoted by Precot Mills Limited and. Around 70% of the shares of MIL were held by the shareholders of Precot. To have larger capacity in a single company,  instead of the capacities being spread over in two companies having common shareholders, the merger was proposed.

This has been approved by the High Court of Madras vide its order dated 30th August and 1st September, 2006. As per the scheme of Merger, the shareholders of MIL are entitled for one share of Precot for every two shares of MIL. Accordingly the share certificates of  Precot was despatched in Dec,06 to those shareholders who have surrendered the certificates of MIL.

Product range of the company includes:

Combed Cotton yarn

  • Knitting and Weaving : Ne. 20/1 to 50/1
  • P/C Blends and Modal/Cotton Blends
  • Doubled yarn on TFO: Ne.50/2,56/2,66/2,74/2, 80/2, 94/2, 100/2
  • Gassed yarn: Ne.40/2 to 100/2
  • Compact spun yarn for Weaving
  • Elitwist yarn for Weaving & Hosiery
  • OE yarn 2's - 10's

Polyester Sewing Thread on TFO

  • Bulk cones Raw White & Dyed
  • Mini cones 5,000 meters
  • Ne.30/2, 30/3, 40/2, 40/3 & 60/3

Achievements/ recognition

  • All the group companies are ISO 9001:2000 certified and are in the process of implementing TQM

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.32%
1 Week
-1.25%
1 Month
-17.41%
3 Month
-20.03%
6 Month
-9.99%
1 Year
+67.13%
2 Year
+1112.53%
5 Year
+247.47%
10 Year
+375.35%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 14.67 20.45 -22.24 -52.39 -11.06 -1.67 -2.44 -5.12 10.11
Return on Capital Employed (%) 11.71 9.10 0.38 -3.31 3.43 5.10 4.75 4.17 10.36
Return on Assets (%) 3.35 4.54 -5.15 -9.92 -3.48 -0.71 -1.03 -2.18 4.41

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 138 160 134 78 349 343 336 310 342 444
Non Curr. Liab. 237 213 184 165 149 208 176 150 128 110
Curr. Liab. 271 321 254 304 313 273 276 271 292 379
Minority Int. 2 1
Equity & Liab. 647 694 573 547 811 824 787 732 762 933
Non Curr. Assets 412 416 384 356 597 568 548 492 472 495
Curr. Assets 235 278 189 191 214 256 240 240 290 438
Misc. Exp. not W/O
Total Assets 647 694 573 547 811 824 787 732 762 933

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 669 738 747 684 679 709 790 726 665 993
Other Income 6 4 2 11 25 5 6 11 6 6
Total Income 674 742 749 695 705 715 796 737 671 1,000
Total Expenditure -592 -656 -725 -654 -650 -687 -732 -677 -571 -805
PBIDT 83 86 24 41 54 27 65 60 100 195
Interest -27 -33 -35 -39 -44 -42 -42 -40 -34 -29
Depreciation -30 -39 -37 -38 -34 -33 -31 -33 -33 -33
Taxation -12 10 0 -4 -28
Exceptional Items 6 7 15 -19 42
PAT 19 30 -33 -56 -24 -6 -8 -17 33 105
Minority Interest 0 0
Share Associate
Other Related Items
Consolidated Net Profit 19 30 -33 -56 -24 -6 -8 -17 33 105
Adjusted EPS 16 25 -27 -46 -20 -5 -7 -14 27 88

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 166 29 35 91 29 20 11 75 61 26
Cash Fr. Inv. -47 -145 -19 11 -6 69 10 -8 21 -8
Cash Fr. Finan. -121 119 -22 -104 -23 -87 -17 -68 -82 -17
Net Change -2 3 -7 -2 0 2 4 -1 0 1
Cash & Cash Eqvt 8 11 5 3 2 3 2 1 0 1

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 61.14 61.14 61.38 61.38 61.50 61.50 61.50 61.50 61.50
Public 38.87 38.87 38.61 38.63 38.50 38.51 38.50 38.49 38.49
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 83.42 83.42 83.09 83.09 82.92 82.92 82.92 82.92 82.92

Announcements View Details

Fri, 27 May 2022
Press Release
Precot Limited has informed the Exchange about press release dated 26-May-2022 titled Statement of Audited Financial Results of the Company for the year ended 31-Mar-22
Thu, 26 May 2022
Outcome of Board Meeting
Precot Limited has informed the Exchange about Board Meeting held on 25-May-2022 to consider financial statements for the period ended March 2022 and Dividend
Thu, 26 May 2022
Dividend
Precot Limited has informed the Exchange that Board of Directors at its meeting held on 25-May-2022, declared Dividend of Rs. 6 per equity share.

Technical Scans View Details

Fri, 27 May 2022
Opening at High Opening at High
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Increase 1 Year High Increase 1 Year

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