Precot Ltd.
Snapshot View

273.40 -11.65 ▼-4.1%

02 August 2021, 03:45:34 P.M.
Volume: 57,645

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Spinning Compare with Industry peers
Website http://www.precot.com
Financial Indicators
Market Cap 342.06 Cr.
Earnings per share (EPS) 27.46 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 10.38 Trailing Twelve Months Ending 2021-03
Industry PE 28.57 Trailing Twelve Months Ending 2021-03
Book Value / Share 285.92 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.00 Calculated using Price: 285.05
Dividend Yield 0.00 Period Ending 2020-03
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
-4.09%
1 Week
-4.59%
1 Month
+20.87%
3 Month
+133.88%
6 Month
+219.77%
1 Year
+1186.59%
2 Year
+687.90%
5 Year
+423.75%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -39.92 14.67 20.45 -22.24 -52.39 -11.06 -1.67 -2.44 -5.12
Return on Capital Employed (%) -9.66 11.71 9.10 0.38 -3.31 3.43 5.10 4.75 3.12
Return on Assets (%) -10.21 3.35 4.54 -5.15 -9.92 -3.48 -0.71 -1.03 -2.18

Balance Sheet View Details

Particulars 9 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.
Shh. Funds 118 138 160 134 78 349 343 336 310
Non Curr. Liab. 133 237 213 184 165 149 208 176 148
Curr. Liab. 216 271 321 254 304 313 273 276 274
Minority Int. 2 2 1
Equity & Liab. 468 647 694 573 547 811 824 787 732
Non Curr. Assets 282 412 416 384 356 597 568 548 492
Curr. Assets 187 235 278 189 191 214 256 240 240
Misc. Exp. not W/O
Total Assets 468 647 694 573 547 811 824 787 732

Profit Loss View Details

Particulars 9 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.
Net Sales 603 669 738 747 684 679 709 790 726
Other Income 5 6 4 2 11 25 5 6 4
Total Income 608 674 742 749 695 705 715 796 731
Total Expenditure -625 -592 -656 -725 -654 -650 -687 -732 -677
PBIDT -17 83 86 24 41 54 27 65 53
Interest -30 -27 -33 -35 -39 -44 -42 -42 -33
Depreciation -30 -30 -39 -37 -38 -34 -33 -31 -33
Taxation 20 -12 10 0 -4
Exceptional Items 6 7 15 -19 42
PAT -57 19 30 -33 -56 -24 -6 -8 -17

Cash Flow View Details

Particulars 9 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.
Cash Fr. Operatn. 166 29 35 91 29 20 11 75 53
Cash Fr. Inv. -47 -145 -19 11 -6 69 10 -8 29
Cash Fr. Finan. -121 119 -22 -104 -23 -87 -17 -68 -82
Net Change -2 3 -7 -2 0 2 4 -1 0
Cash & Cash Eqvt 8 11 5 3 2 3 2 1 0

Shareholding Pattern View Details

9 Qtrs 2018-12 (%) 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 61.14 61.14 61.14 61.14 61.14 61.14 61.38 61.38 61.50
Public 38.87 38.86 38.87 38.86 38.87 38.87 38.61 38.63 38.50
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 83.42 83.42 83.42 83.42 83.09 83.09 82.92

Announcements View Details

Fri, 23 Jul 2021
Copy of Newspaper Publication
Precot Limited has informed the Exchange about Copy of Newspaper Publication-Notice to Shareholders
Thu, 15 Jul 2021
Reply to Clarification- Financial results
The Exchange had sought clarification from Precot Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
Wed, 14 Jul 2021
Reply to Clarification- Financial results
The Exchange had sought clarification from Precot Limited for the quarter ended 31-Mar-2021 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.

Technical Scans View Details

Fri, 30 Jul 2021
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
S Close Above Last Month High
RSI Bearish RSI Bearish
MFI Bearish MFI Bearish

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