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Pioneer Embroideries

NSEI:PIONEEREMB
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIONEEREMB
NSEI
₹522M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Pioneer Embroideries Limited, together with its subsidiaries, manufactures and sells embroideries, torchon/bobbin laces, raschel laces, and other garment accessories in India. The last earnings update was 267 days ago. More info.


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  • Pioneer Embroideries has significant price volatility in the past 3 months.
PIONEEREMB Share Price and Events
7 Day Returns
2.3%
NSEI:PIONEEREMB
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-28.8%
NSEI:PIONEEREMB
-4%
IN Luxury
-2.8%
IN Market
PIONEEREMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pioneer Embroideries (PIONEEREMB) 2.3% -4.3% -14.8% -28.8% -58.6% 189%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • PIONEEREMB underperformed the Luxury industry which returned -4% over the past year.
  • PIONEEREMB underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
PIONEEREMB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Pioneer Embroideries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pioneer Embroideries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pioneer Embroideries.

NSEI:PIONEEREMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 18%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:PIONEEREMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (125.64%))
1.218
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.218 * 8.6%)
18.03%

Discounted Cash Flow Calculation for NSEI:PIONEEREMB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pioneer Embroideries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:PIONEEREMB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.03%)
2019 59.43 Est @ -2.78% 50.35
2020 59.62 Est @ 0.32% 42.80
2021 61.10 Est @ 2.49% 37.16
2022 63.55 Est @ 4.01% 32.75
2023 66.77 Est @ 5.07% 29.15
2024 70.66 Est @ 5.81% 26.14
2025 75.13 Est @ 6.33% 23.55
2026 80.17 Est @ 6.7% 21.29
2027 85.74 Est @ 6.95% 19.29
2028 91.86 Est @ 7.13% 17.51
Present value of next 10 years cash flows ₹300.00
NSEI:PIONEEREMB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹91.86 × (1 + 7.55%) ÷ (18.03% – 7.55%)
₹942.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹942.98 ÷ (1 + 18.03%)10
₹179.76
NSEI:PIONEEREMB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹300.00 + ₹179.76
₹479.76
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹479.76 / 24.12
₹19.89
NSEI:PIONEEREMB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:PIONEEREMB represents 1.06667x of BSE:514300
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06667x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 19.89 x 1.06667
₹21.22
Value per share (INR) From above. ₹21.22
Current discount Discount to share price of ₹22.40
= -1 x (₹22.40 - ₹21.22) / ₹21.22
-5.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pioneer Embroideries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pioneer Embroideries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pioneer Embroideries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PIONEEREMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-2.61
BSE:514300 Share Price ** BSE (2019-04-24) in INR ₹21
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pioneer Embroideries.

NSEI:PIONEEREMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514300 Share Price ÷ EPS (both in INR)

= 21 ÷ -2.61

-8.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Embroideries is loss making, we can't compare its value to the IN Luxury industry average.
  • Pioneer Embroideries is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Pioneer Embroideries's expected growth come at a high price?
Raw Data
NSEI:PIONEEREMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
41.8%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pioneer Embroideries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pioneer Embroideries's assets?
Raw Data
NSEI:PIONEEREMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹29.43
BSE:514300 Share Price * BSE (2019-04-24) in INR ₹21
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:PIONEEREMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514300 Share Price ÷ Book Value per Share (both in INR)

= 21 ÷ 29.43

0.71x

* Primary Listing of Pioneer Embroideries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Embroideries is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Pioneer Embroideries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Pioneer Embroideries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pioneer Embroideries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pioneer Embroideries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pioneer Embroideries expected to grow at an attractive rate?
  • Pioneer Embroideries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Pioneer Embroideries's earnings growth is expected to exceed the India market average.
  • Unable to compare Pioneer Embroideries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PIONEEREMB Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PIONEEREMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 41.8%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:PIONEEREMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PIONEEREMB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 2,570 201 -59
2017-03-31 2,360 361 -193
2016-03-31 2,554 218 173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pioneer Embroideries's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Pioneer Embroideries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:PIONEEREMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pioneer Embroideries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PIONEEREMB Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -2.61
2017-03-31 -9.65
2016-03-31 9.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pioneer Embroideries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pioneer Embroideries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pioneer Embroideries has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pioneer Embroideries performed over the past 5 years?

  • Pioneer Embroideries's last earnings update was 267 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pioneer Embroideries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pioneer Embroideries does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Pioneer Embroideries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pioneer Embroideries's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Pioneer Embroideries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pioneer Embroideries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PIONEEREMB Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 2,570.29 -59.29 345.01
2017-03-31 2,359.88 -193.10 319.57
2016-03-31 2,553.67 172.75 307.66
2015-03-31 2,715.45 109.86 305.47
2014-03-31 2,732.18 -88.22 380.60
2013-03-31 2,412.74 -338.44 331.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pioneer Embroideries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pioneer Embroideries used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Pioneer Embroideries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pioneer Embroideries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pioneer Embroideries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pioneer Embroideries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pioneer Embroideries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pioneer Embroideries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pioneer Embroideries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pioneer Embroideries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pioneer Embroideries Company Filings, last reported 1 year ago.

NSEI:PIONEEREMB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 755.11 656.01 15.07
2017-03-31 759.85 701.30 13.94
2016-03-31 806.68 919.24 17.35
2015-03-31 1,013.53 1,200.07 42.01
2014-03-31 720.92 1,847.62 38.97
2013-03-31 349.74 2,471.54 36.16
  • Pioneer Embroideries's level of debt (86.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (704.1% vs 86.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Pioneer Embroideries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Pioneer Embroideries has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -42.6% per year.
X
Financial health checks
We assess Pioneer Embroideries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pioneer Embroideries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pioneer Embroideries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pioneer Embroideries dividends.
If you bought ₹2,000 of Pioneer Embroideries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pioneer Embroideries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pioneer Embroideries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:PIONEEREMB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pioneer Embroideries has not reported any payouts.
  • Unable to verify if Pioneer Embroideries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pioneer Embroideries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pioneer Embroideries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pioneer Embroideries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pioneer Embroideries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pioneer Embroideries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pioneer Embroideries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harsh Bassi
COMPENSATION ₹6,468,184
AGE 44
TENURE AS CEO 4.9 years
CEO Bio

Mr. Harsh Vardhan Bassi has been the Managing Director of Pioneer Embroideries Limited since May 23, 2014. Mr. Bassi served as a Compliance Officer of Pioneer Embroideries Limited until September 2008. Mr. Bassi has over ten years of experience in marketing of textiles. He served in various positions and functional areas like manufacturing and marketing embroidered fabrics and laces of R. K Hanna Group of Companies for around nine years. Mr. Bassi has been an Executive Director of Pioneer Embroideries Limited since October 29, 2004. He serves as a Director of Pioneer Realty Ltd. He serves on the Board of Hakoba Lifestyle Limited. Mr. Bassi is a graduate in Commerce Stream from Punjab University.

CEO Compensation
  • Harsh's compensation has increased whilst company is loss making.
  • Harsh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Pioneer Embroideries management team in years:

2.8
Average Tenure
59
Average Age
  • The tenure for the Pioneer Embroideries management team is about average.
Management Team

Raj Sekhani

TITLE
Executive Chairman
COMPENSATION
₹8M
AGE
59

Harsh Bassi

TITLE
MD & Executive Director
COMPENSATION
₹6M
AGE
44
TENURE
4.9 yrs

Ami Thakkar

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹570K
TENURE
2.8 yrs

Gangadharan Panicker

TITLE
Executive Director
COMPENSATION
₹2M
AGE
64

Deepak Sipani

TITLE
Chief Financial Officer
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Pioneer Embroideries board of directors in years:

5.1
Average Tenure
61.5
Average Age
  • The tenure for the Pioneer Embroideries board of directors is about average.
Board of Directors

Raj Sekhani

TITLE
Executive Chairman
COMPENSATION
₹8M
AGE
59
TENURE
11.7 yrs

Harsh Bassi

TITLE
MD & Executive Director
COMPENSATION
₹6M
AGE
44
TENURE
14.5 yrs

Gangadharan Panicker

TITLE
Executive Director
COMPENSATION
₹2M
AGE
64
TENURE
1.9 yrs

Joginder Baweja

TITLE
Independent Director
COMPENSATION
₹80K
AGE
65
TENURE
5.2 yrs

Gopalkrishnan Sivaraman

TITLE
Independent Director
COMPENSATION
₹80K
AGE
65
TENURE
5 yrs

Sujata Chakravarty

TITLE
Independent Director
COMPENSATION
₹33K
AGE
58
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
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Management checks
We assess Pioneer Embroideries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pioneer Embroideries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Estimating The Fair Value Of Pioneer Embroideries Limited (NSE:PIONEEREMB)

I will be using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

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Are Pioneer Embroideries Limited's (NSE:PIONEEREMB) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Pioneer Embroideries Limited (NSE:PIONEEREMB), with a market cap of ₹648m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

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Is Pioneer Embroideries's 224% Share Price Increase Well Justified?

While Pioneer Embroideries Limited (NSE:PIONEEREMB) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 30% in the last quarter. … Only time will tell if there is still too much optimism currently reflected in the share price. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

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Does Pioneer Embroideries Limited (NSE:PIONEEREMB) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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What Kind Of Shareholders Own Pioneer Embroideries Limited (NSE:PIONEEREMB)?

The big shareholder groups in Pioneer Embroideries Limited (NSE:PIONEEREMB) have power over the company. … With a market capitalization of ₹670m, Pioneer Embroideries is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Pioneer Embroideries

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How Should Investors React To Pioneer Embroideries Limited's (NSE:PIONEEREMB) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Harsh Bassi's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Pioneer Embroideries Limited has a market cap of ₹715m, and is paying total annual CEO compensation of ₹6.5m.

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How Financially Strong Is Pioneer Embroideries Limited (NSE:PIONEEREMB)?

Pioneer Embroideries Limited (NSE:PIONEEREMB) is a small-cap stock with a market capitalization of ₹699m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Who Owns Pioneer Embroideries Limited (NSE:PIONEEREMB)?

I am going to take a deep dive into Pioneer Embroideries Limited’s (NSE:PIONEEREMB) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine PIONEEREMB's ownership structure in more detail.

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How Financially Strong Is Pioneer Embroideries Limited (NSE:PIONEEREMB)?

Investors are always looking for growth in small-cap stocks like Pioneer Embroideries Limited (NSE:PIONEEREMB), with a market cap of ₹630.67m. … However, an important fact which most ignore is: how financially healthy is the business?

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Company Info

Description

Pioneer Embroideries Limited, together with its subsidiaries, manufactures and sells embroideries, torchon/bobbin laces, raschel laces, and other garment accessories in India. Its products include dope dyed polyester yarns; embroidered laces-fabric and guipure, and embroidered dress materials; braided laces; embroidered fabrics, allover fabrics, and laces; synthetic and cotton fabrics, guipure and fabric laces, and allover embroidered fabrics; and apparel. The company also provides elastics, flatbed knitted laces, and motifs/collars/necks; and engages in the retail of embroidered clothing under the Hakoba brand. It also exports its products to North America, Latin America, Europe, the Middle East, and Africa. Pioneer Embroideries Limited was founded in 1991 and is based in Mumbai, India.

Details
Name: Pioneer Embroideries Limited
PIONEEREMB
Exchange: NSEI
Founded: 1991
₹522,139,220
24,117,285
Website: http://www.pelhakoba.com
Address: Pioneer Embroideries Limited
Orient House,
Unit No. 21 to 25, 2nd Floor,
Mumbai,
Maharashtra, 400062,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514300 Equity Shares Mumbai Stock Exchange IN INR 20. Oct 2004
NSEI PIONEEREMB Equity Shares National Stock Exchange of India IN INR 20. Oct 2004
Number of employees
Current staff
Staff numbers
0
Pioneer Embroideries employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:48
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2018/07/31
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.