Financials Panasonic Carbon India Co. Limited

Equities

PANCARBON

INE013E01017

Electrical Components & Equipment

Market Closed - Bombay S.E. 06:00:54 2024-05-23 am EDT 5-day change 1st Jan Change
525.7 INR -0.74% Intraday chart for Panasonic Carbon India Co. Limited +3.07% +14.11%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 2,682 1,713 1,315 1,969 1,931 1,614
Enterprise Value (EV) 1 1,846 831.3 465.2 960.4 711.6 740.9
P/E ratio 21.8 x 13.9 x 7.75 x 10.4 x 12.6 x 12.6 x
Yield 1.79% 2.8% 3.65% 2.93% 2.98% 3.57%
Capitalization / Revenue 5.98 x 3.69 x 2.85 x 3.95 x 3.83 x 3.22 x
EV / Revenue 4.11 x 1.79 x 1.01 x 1.93 x 1.41 x 1.48 x
EV / EBITDA 13.8 x 6.69 x 2.83 x 4.9 x 4.69 x 6.84 x
EV / FCF 20.9 x 9.54 x 4.83 x 8.01 x 9.97 x 7.97 x
FCF Yield 4.78% 10.5% 20.7% 12.5% 10% 12.6%
Price to Book 2.79 x 1.67 x 1.16 x 1.54 x 1.41 x 1.12 x
Nbr of stocks (in thousands) 4,800 4,800 4,800 4,800 4,800 4,800
Reference price 2 558.8 356.8 273.9 410.2 402.4 336.4
Announcement Date 8/9/18 7/12/19 9/3/20 8/20/21 6/7/22 6/6/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 448.9 463.9 460.6 498.8 503.9 501.2
EBITDA 1 133.4 124.2 164.5 195.9 151.9 108.3
EBIT 1 120.2 110.9 152.1 185.4 141.9 100.5
Operating Margin 26.77% 23.9% 33.03% 37.17% 28.16% 20.06%
Earnings before Tax (EBT) 1 175.3 175.2 226.3 254 204.6 175
Net income 1 123 123 169.5 189 153.5 128.3
Net margin 27.41% 26.51% 36.81% 37.89% 30.46% 25.59%
EPS 2 25.63 25.62 35.32 39.37 31.98 26.72
Free Cash Flow 1 88.15 87.14 96.36 119.9 71.39 93.01
FCF margin 19.64% 18.79% 20.92% 24.03% 14.17% 18.56%
FCF Conversion (EBITDA) 66.07% 70.17% 58.56% 61.19% 47.01% 85.9%
FCF Conversion (Net income) 71.64% 70.86% 56.83% 63.44% 46.51% 72.51%
Dividend per Share 2 10.00 10.00 10.00 12.00 12.00 12.00
Announcement Date 8/9/18 7/12/19 9/3/20 8/20/21 6/7/22 6/6/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 836 882 850 1,008 1,220 874
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 88.2 87.1 96.4 120 71.4 93
ROE (net income / shareholders' equity) 13.2% 12.4% 15.7% 15.7% 11.6% 9.13%
ROA (Net income/ Total Assets) 7.53% 6.54% 8.34% 9.16% 6.41% 4.31%
Assets 1 1,633 1,880 2,034 2,062 2,393 2,977
Book Value Per Share 2 200.0 214.0 236.0 266.0 285.0 300.0
Cash Flow per Share 2 2.730 2.830 1.600 2.650 3.990 2.250
Capex 1 9.46 4.43 1.95 0.67 1.98 5.65
Capex / Sales 2.11% 0.96% 0.42% 0.13% 0.39% 1.13%
Announcement Date 8/9/18 7/12/19 9/3/20 8/20/21 6/7/22 6/6/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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