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Precot Meridian

NSEI:PRECOT
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRECOT
NSEI
₹529M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Precot Meridian Limited manufactures and sells textile products in India. The last earnings update was 200 days ago. More info.


Add to Portfolio Compare Print
  • Precot Meridian has significant price volatility in the past 3 months.
PRECOT Share Price and Events
7 Day Returns
2%
NSEI:PRECOT
-1.5%
IN Luxury
-0.1%
IN Market
1 Year Returns
-36.6%
NSEI:PRECOT
-8.5%
IN Luxury
-7.5%
IN Market
PRECOT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Precot Meridian (PRECOT) 2% -29% -26.6% -36.6% 22.5% -30.1%
IN Luxury -1.5% -1.2% -2.7% -8.5% 54.7% 184.5%
IN Market -0.1% -3.2% -1.7% -7.5% 46.6% 79.6%
1 Year Return vs Industry and Market
  • PRECOT underperformed the Luxury industry which returned -8.5% over the past year.
  • PRECOT underperformed the Market in India which returned -7.5% over the past year.
Price Volatility
PRECOT
Industry
5yr Volatility vs Market

PRECOT Value

 Is Precot Meridian 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
  • It is not possible to calculate the future cash flow value for Precot Meridian. This is due to cash flow or dividend data being unavailable. The share price is ₹44.05.
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 Precot Meridian's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Precot Meridian's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PRECOT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-4.81
NSEI:PRECOT Share Price ** NSEI (2019-02-21) in INR ₹44.05
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.68x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.3x

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

** Primary Listing of Precot Meridian.

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

= NSEI:PRECOT Share Price ÷ EPS (both in INR)

= 44.05 ÷ -4.81

-9.17x

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

  • Precot Meridian is loss making, we can't compare its value to the IN Luxury industry average.
  • Precot Meridian is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Precot Meridian's expected growth come at a high price?
Raw Data
NSEI:PRECOT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.97x
India Market PEG Ratio Median Figure of 604 Publicly-Listed Companies 1.15x

*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 Precot Meridian, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Precot Meridian's assets?
Raw Data
NSEI:PRECOT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹286.24
NSEI:PRECOT Share Price * NSEI (2019-02-21) in INR ₹44.05
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.04x
NSEI:PRECOT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:PRECOT Share Price ÷ Book Value per Share (both in INR)

= 44.05 ÷ 286.24

0.15x

* Primary Listing of Precot Meridian.

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

  • Precot Meridian is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Precot Meridian'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. Precot Meridian 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.

PRECOT Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Precot Meridian has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Precot Meridian expected to grow at an attractive rate?
  • Unable to compare Precot Meridian's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Precot Meridian's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Precot Meridian's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:PRECOT Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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:PRECOT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months 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:PRECOT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 7,092 107 -58
2017-03-31 6,793 197 -236
2016-03-31 6,837 291 -555

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Precot Meridian is high growth as no earnings estimate data is available.
  • Unable to determine if Precot Meridian 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:PRECOT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Precot Meridian Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PRECOT Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -4.81
2017-03-31 -19.69
2016-03-31 -46.27

*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 Precot Meridian will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Precot Meridian's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Precot Meridian's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Precot Meridian's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Precot Meridian'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.
Precot Meridian has a total score of 0/6, 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.

PRECOT Past Performance

  How has Precot Meridian performed over the past 5 years?

  • Precot Meridian's last earnings update was 200 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 Precot Meridian'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.
  • Precot Meridian does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Precot Meridian's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Precot Meridian's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Precot Meridian'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 Precot Meridian Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PRECOT 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 7,091.53 -57.68 726.84
2017-03-31 6,793.01 -236.26 748.66
2016-03-31 6,836.86 -555.20 781.94
2015-03-31 7,469.48 -326.39 758.02
2014-03-31 7,381.91 231.60 1,033.98
2013-03-31 6,688.38 129.45 940.46
2012-03-31 6,032.62 -568.65 810.39

*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 Precot Meridian has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Precot Meridian used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Precot Meridian 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 Precot Meridian'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.
Precot Meridian 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.

PRECOT Health

 How is Precot Meridian'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 Precot Meridian's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Precot Meridian's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Precot Meridian's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Precot Meridian'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 not covered by short term assets, assets are 0.7x 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 Precot Meridian Company Filings, last reported 10 months ago.

NSEI:PRECOT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 3,434.95 3,795.76 16.17
2017-03-31 3,488.33 3,521.58 27.27
2016-03-31 782.24 3,991.45 26.59
2015-03-31 1,337.45 3,833.57 30.96
2014-03-31 1,603.56 4,483.16 48.30
2013-03-31 1,394.94 4,389.44 114.63
2012-03-31 1,197.31 2,974.31 87.01
  • Precot Meridian's level of debt (110.5%) 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 (314.6% vs 110.5% 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 Precot Meridian has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Precot Meridian has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 103.6% per year.
X
Financial health checks
We assess Precot Meridian'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. Precot Meridian has a total score of 4/6, 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.

PRECOT Dividends

 What is Precot Meridian'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 Precot Meridian dividends.
If you bought ₹2,000 of Precot Meridian 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 Precot Meridian's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Precot Meridian'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:PRECOT 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

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

NSEI:PRECOT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2015-05-20 0.000 0.000
2015-05-15 0.000 0.000
2014-08-12 2.000 2.990
2014-05-30 2.000 2.350
2013-08-14 0.667 0.892
2013-05-23 0.667 1.251
2012-07-11 0.000 0.000
2010-04-26 0.000 0.000
2009-03-30 1.333 4.966

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

  • Unable to perform a dividend volatility check as Precot Meridian has not reported any payouts.
  • Unable to verify if Precot Meridian's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Precot Meridian's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Precot Meridian 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 Precot Meridian'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 Precot Meridian afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Precot Meridian 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.

PRECOT Management

 What is the CEO of Precot Meridian'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
Ashwin Chandran
COMPENSATION ₹7,632,000
AGE 42
TENURE AS CEO 7.8 years
CEO Bio

Mr. Ashwin Chandran, B.Sc (Hons), MBA has been the Managing Director of Precot Meridian Limited since April 1, 2011 and has been Chairman of the Board since April 1, 2017. Mr. Chandran has 20 years of experience in the textile industry. He served as an interim Compliance Officer of Precot Meridian Limited from December 2013 to December 2, 2013 and also as its Operations Director. Previously, he served as a Joint Managing Director of Precot Meridian Limited since April 1, 2008. He served as Compliance Officer at Precot Meridian Limited from October 31, 2007 to June 2008 and served as its Vice Chairman. He has been Independent Non-Executive Director of Kovilpatti Lakshmi Roller Flou since September 1, 2018. He has been a Director of Precot Meridian Limited since July 30, 2003. He serves as a Director of N D welfare Foundation, The Cotton Textiles Export Promotion Council, Confederation of Indian Textile Industry and Textile Sector Skill Council. He is also a member of CITI Cotton Development and Research Association and Vice Chairman of the Southern India Mills Association.

CEO Compensation
  • Ashwin's compensation has been consistent with company performance over the past year.
  • Ashwin's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Precot Meridian management team in years:

1.3
Average Tenure
42
Average Age
  • The average tenure for the Precot Meridian management team is less than 2 years, this suggests a new team.
Management Team

Ashwin Chandran

TITLE
Chairman & MD
COMPENSATION
₹8M
AGE
42
TENURE
7.8 yrs

Prashanth Chandran

TITLE
Vice Chairman & MD
COMPENSATION
₹6M
AGE
37
TENURE
1.8 yrs

T. Kumar

TITLE
Business Head of Spinning & Executive Director
COMPENSATION
₹4M
AGE
49

A. Ramkumar

TITLE
Chief Financial Officer
AGE
48
TENURE
0.7 yrs

S. Kavitha

TITLE
Company Secretary & Compliance Officer
TENURE
0.7 yrs

S. Pradeep

TITLE
Business Head of Technical Textiles
AGE
33
Board of Directors Tenure

Average tenure and age of the Precot Meridian board of directors in years:

3.3
Average Tenure
53.5
Average Age
  • The tenure for the Precot Meridian board of directors is about average.
Board of Directors

Ashwin Chandran

TITLE
Chairman & MD
COMPENSATION
₹8M
AGE
42
TENURE
1.8 yrs

Prashanth Chandran

TITLE
Vice Chairman & MD
COMPENSATION
₹6M
AGE
37
TENURE
1.8 yrs

T. Kumar

TITLE
Business Head of Spinning & Executive Director
COMPENSATION
₹4M
AGE
49
TENURE
1.8 yrs

C. Srivatsan

TITLE
Non Executive Independent Director
COMPENSATION
₹160K
AGE
61
TENURE
14.3 yrs

Sumanth Ramamurthi

TITLE
Non Executive Independent Director
COMPENSATION
₹135K
AGE
59
TENURE
27.1 yrs

Jairam Varadaraj

TITLE
Non-Executive Independent Director
COMPENSATION
₹160K
AGE
57
TENURE
17.1 yrs

R. Bhuvaneshwari

TITLE
Non-Executive Independent Director
COMPENSATION
₹140K
AGE
56
TENURE
4.7 yrs

P. Raghunath

TITLE
Non-Executive Independent Director
COMPENSATION
₹75K
AGE
51
TENURE
1.7 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 (₹)
X
Management checks
We assess Precot Meridian'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. Precot Meridian 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.

PRECOT News

Simply Wall St News

Is Precot Meridian Limited's (NSE:PRECOT) CEO Overpaid Relative To Its Peers?

Ashwin Chandran has been the CEO of Precot Meridian Limited (NSE:PRECOT) since 2011. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Ashwin Chandran's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Investor Owns Most Of Precot Meridian Limited (NSE:PRECOT)?

Generally speaking, as a company grows, institutions will increase their ownership. … Precot Meridian is a smaller company with a market capitalization of ₹744m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Precot Meridian

Simply Wall St -

Is Precot Meridian Limited's (NSE:PRECOT) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Precot Meridian Limited (NSE:PRECOT), with a market cap of ₹743m. … However, an important fact which most ignore is: how financially healthy is the business? … Since PRECOT is loss-making right now,

Simply Wall St -

Why Precot Meridian Limited's (NSE:PRECOT) CEO Salary Matters To You

Ashwin Chandran has been the CEO of Precot Meridian Limited (NSE:PRECOT) since 2011. … Our data indicates that Precot Meridian Limited is worth ₹600m, and total annual CEO compensation is ₹8m. … As you can see, Ashwin Chandran is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

Why Precot Meridian Limited's (NSE:PRECOT) Ownership Structure Is Important

I am going to take a deep dive into Precot Meridian Limited’s (NSE:PRECOT) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Is Precot Meridian Limited's (NSE:PRECOT) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Precot Meridian Limited (NSE:PRECOT), with a market cap of ₹541.20m. … However, an important fact which most ignore is: how financially healthy is the business? … Given that PRECOT is not presently profitable,

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Does Precot Meridian Limited's (NSE:PRECOT) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PRECOT Price per share = ₹94.65 Earnings per share = ₹2.224 ∴ Price-Earnings Ratio = ₹94.65 ÷ ₹2.224 = 42.6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with PRECOT, then PRECOT’s P/E would naturally be higher since investors would reward PRECOT’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with PRECOT, PRECOT’s P/E would again be higher since investors would reward PRECOT’s lower risk with a higher price as well.

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PRECOT Company Info

Map
Description

Precot Meridian Limited manufactures and sells textile products in India. It offers normal, compact, organic, BCI, slub, doubled, gassed, and open end cotton yarns; polyester cotton blend yarns; cotton dyed yarns; and polyester sewing threads. The company also provides health and hygiene products consisting of finished products in normal, organic, and BCI cotton forms, such as cosmetic make up removal pads, cotton balls, pleat/zig zag products, and cotton wool rolls; roll and absorbent cotton; and fabrics. It also exports its products. The company was formerly known as Precot Mills Limited and changed its name to Precot Meridian Limited in 2006. Precot Meridian Limited was founded in 1962 and is based in Coimbatore, India.

Details
Name: Precot Meridian Limited
PRECOT
Exchange: NSEI
Founded: 1962
₹528,600,000
12,000,000
Website: http://www.precot.com
Address: Precot Meridian Limited
SUPREM, PB 7161,
No. 737, Green fields,
Coimbatore,
Tamil Nadu, 641045,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI PRECOT Equity Shares National Stock Exchange of India IN INR 19. Aug 2005
Number of employees
Current staff
Staff numbers
0
Precot Meridian employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 13:00
End of day share price update: 2019/02/21 00:00
Last earnings filing: 2018/08/06
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.