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Mumbai: Prime Minister Narendra Modi is moving ahead with the mission of the Modi government by reducing the prices of petrol and diesel by Rs 400 this time before the Lok Sabha elections. Investors and the majority of the people of the country are also confident that once again a strong Modi government will come because there is no other option and they are taking solace in the fact that after the elections they will see a historic rise in the stock markets. But the government has brought in the Reserve Bank of India, capital markets regulator Securities and Exchange Board of India (SEBI) and the Enforcement Directorate (ED) to curb the heated market ahead of the elections. Along with this, over-valuation has stopped the rise of stocks running wild like bullets. Ahead of the elections, the government had also pushed for testing through AMFI to meet the potential rush of investors to withdraw their investments in the event of any major shock or turmoil in the market. How capable they are and within how many days they can make provisions. A major correction in the market in the last fortnight has been given by saying that the test results will be given in a fortnight. After the huge improvement in small and midcap stocks, caution is necessary regarding the decline seen in largecap stocks also. In which funds will also stay away from big commitments in preparation for the end of March, but there will be a good opportunity to buy stocks of companies with good fundamentals and potential for improvement before the end of the financial year. But don't be surprised if fund juggernauts make a desperate bid to grab good stocks in the market before then. After any possible fall, good stocks can be kept in mind and investment opportunities can be seized in pieces. In the new week, Sensex may be seen hitting between 73777 to 71555 and Nifty spot between 22333 to 21666.
Arjun's Eye: Panasonic Energy India Limited
Payout of Rs 10, Listed only on BSE (504093), 1:1 Bonus Provider in the year 1988, ISO 14001:2004, ISO9001:2008 certified and Ministry of Defence- Government of India certified, Panasonic Energy India Company Limited) Company Established in the year 1972 as Lakhanpal National Ltd., established as, is one of India's largest manufacturers and suppliers of dry cell batteries and lighting products. Panasonic Corporation-Japan, an Indian company with 58.06 per cent promoter holding, is one of the world's largest electronic product manufacturers with over 634 companies, headquartered in Vadodara-Gujarat, engaged in audio-visual equipment, home appliances, electronic components, automotive Panasonic Corporation-Japan, the world's leading manufacturer of electronics and environmental systems, is the 58.06 percent promoter holding company. The company is a leading manufacturer and supplier of zinc carbon, alkaline, lithium, rechargeable batteries and lighting products. The company has two manufacturing units in India, state-of-the-art technology, distribution centres, multiple stockists and a network of thousands of retailers.
The company is a leader in metal jacket dry batteries, high performance pencil batteries, zinc-chloride technology and eco-friendly batteries. At Quality Focused Panasonic NG India Co., Ltd., Panasonic batteries are marketed by testing them in only three stages. The company does in-house manufacturing of raw materials. The company's battery products include Zinc Carbon Battery, Evolta Battery, Eneloop Battery and Charger, Lithium Battery. The company's various initiatives have led to a marginal increase in market share in 2022-23.
The company expects positive growth due to Triple A batteries being widely used in gadgets. With this, Triple A batteries are now replacing Double A batteries. The company expects good growth as the Indian market is moving towards alkalization. Additionally, rechargeable, cylindrical and lithium coin batteries are new categories with good growth prospects. The company introduced the premium alkaline battery Evolta during the year. The per capita consumption of batteries in India is still low compared to other developed countries. Considering the changing lifestyle, new devices coming along with the increasing trend of online education, the consumption of double A and triple A batteries may increase in the coming days. Due to which the business of the company is expected to increase. However, factors such as strengthening of the dollar against the rupee, increase in logistics costs, increase in fixed costs and large fluctuations in zinc-zinc prices may jeopardize the company's profitability.
Share holding pattern: Panasonic Holding Corporation-Japan holds 58.06 percent promoter stake, Punj Lloyd Private Limited holds 2.23 percent, Shantakumari TM holds 1.82 percent, Pratip Dayashankar Vyas holds 1.00 percent, overall 15 high net worth Are value investors. Percentage and holders of individual share capital up to Rs 2 lakh hold 26.90 per cent of the shares.
Earnings-EPS: Rs 13.77 in March 2021, Rs 12.52 in March 2022, Rs 14.18 in March 2023, Expected Rs 20 in March 2024, Expected Rs 26 in March 2025
Bonus: 15 per cent bonus equity in total equity through 1:1 share bonus in 1988
Book Value: Rs 141 in March 2021, Rs 145 in March 2022, Rs 123 in March 2023, Potential Rs 143 in March 2024, Potential Rs 169 in March 2025
(1) Full year April 2022 to March 2023: Net income rose 4.9% to Rs 257 crore, the company reported a net loss of Rs 10.64 crore due to extraordinary voluntary retirement scheme expenditure of Rs 7.95 crore. A negative Rs.14.18 was recorded.
(2) Q1 April 2023 to June 2023: Net income up 26 per cent to Rs 77.48 crore, Net profit margin-NPM up 3.35 per cent to Rs 2.59 crore, Net profit up 34 per cent to Rs 2.59 crore. Earnings per share-EPS Rs 3.45.
(3) Q2 July 2023 to September 2023: Net income increased by 3.89 per cent to Rs 69.10 crore, net profit margin-NPM increased by five per cent, net profit per share increased to Rs 3.43 crore from Rs 52 lakh, revenue increased to Rs 3.43 crore. . .4.62 crores.
(4) Q3 October 2023 to December 2023: Net income increased by 13.8 per cent to Rs 75.43 crore and net profit margin-NPM increased by 6 per cent to Rs 4.52 crore, compared to net loss of Rs 1.58 crore in the same period. last year. Net profit has been recorded with earnings per share of Rs 6.03.
(5) Nine months from April 2023 to December 2023: Net income increased by 14.38 percent to Rs 222 crore, Net profit margin-NPM increased by 4.77 percent, Net profit increased by 3203 percent to Rs 10.57 crore and nine monthly earnings per share – Rupee. .14.10 has been achieved.
(6) Expected Full Year April 2023 to March 2024: Expected Net Income Rs 294 crore Earnings 5.10 per cent Net Profit Margin- NPM Rs 15 crore Expected Earnings-EPS Rs 20 per share.
(7) Expected Full Year April 2024 to March 2025: Expected Net Income Rs. 340 Crore Income Net Profit Margin-NPM 5.75 percent Net Profit Rs. 19.50 crore Earnings per share-EPS expected Rs. 26.
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified investment financial advisor before making any investment decisions. The author, Gujarat Samachar or any other person will not be held liable for any possible loss on investment. (2) 58.06% Panasonic Corporation-Japan promoter holding share (3) 3203% increase in net profit for the first nine months of April 2023 to December 2023 Earnings per share at Rs 14.10 (4) Expected full year April 2024 to March 2025 Earning per share Rs 26, Expected Book Value Rs 169 (5) Shares of other companies in the industry Everready is trading at P/E of 51, Indo National (Nippo Batteries) is trading at P/E of 58, while Panasonic NG shares are currently trading at It is trading at a P/E of only Rs 400 on BSE, with expected earnings per share of Rs 26. The average P/E of the industry in the year 2024-25 is 45.