Petron Engineering Construction (Delisted) share price

BSE: 530381

Petron Engineering Construction Ltd · Formerly Petron Engineering Cosntruction · Face value ₹10 · Listed May 1995

Last traded ₹5.25 on 18 Feb 2020

Delisted on 10 Jun 2021.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Mar 2021

  2. Nov 2020

  3. Feb 2020

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008, May 2008 to Jul 2010, in Apr 2012, in Nov 2018, in May 2019, in Jul 2019, in Aug 2019, in Aug 2019, in Sep 2019, in Sep 2019 and in Feb 2020, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹19 Cr−49.4% on a year ago · −39.4% on the quarter before
Operating profit
−₹0.28 Cr
Net profit
−₹2.11 Cr
Earnings per share
−₹2.81
Operating margin
−1.5%
Net margin
−11.1%

From revenue to net profit, ₹ crore

  1. Revenue19
  2. Materials and goods−3.3
  3. Employee costs−3.5
  4. Other expenses−12
  5. Operating profit−0.3
  6. Depreciation−1.7
  7. Other income+0.2
  8. Finance costs−0.3
  9. Profit before tax−2.1
  10. Tax0.0
  11. Net profit−2.1

Petron Engineering Construction results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2019. Results for the quarter to Sep 2019 were due by 14 Nov 2019, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
89−3.0Sep 1695−1.8Dec 1680−8.8Mar 1787−3.8Jun 1768−7.6Sep 1741−59Dec 1740−103Mar 1837−11Jun 1836−8.6Sep 1829−3.4Dec 18317.0Mar 1919−2.1Jun 19
Peak revenue ₹95 Cr, quarter to Dec 2016; lowest ₹19 Cr, quarter to Jun 2019A loss in the quarter to Jun 2019, −₹2.11 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
22.4%−337.1%3.2%3.9%−11.3%0.4%−8.4%−198.9%−337.1%−5.0%12.3%−5.6%8.9%−1.5%−3.4%−1.9%−11.0%−4.4%−11.1%−142.9%−261.1%−28.9%−24.0%−11.7%22.4%−11.1%Sep 16Mar 17Sep 17Mar 18Sep 18Mar 19Jun 19
₹ croreSep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1
Revenue from operations10212712410311310310282899580876841403736293119
991061109610494977686919087741231733931312819
Materials and goods bought3941493136243627222419362691386643
Employee costs–––––––––––––––1111864
Other expenses–––––––––––––––2015171912
Operating profit before depreciation422148985634−90−6−82−133−24−230
Operating margin3.5%17.1%11.5%7.3%7.9%8.2%5.3%7.5%3.2%3.9%−11.3%0.4%−8.4%−198.9%−337.1%−5.0%12.3%−5.6%8.9%−1.5%
Depreciation and amortisation22222222222222322222
Other income12621221020210500010
Finance costs8866666565254597110−60
One-off items–––––––––––––––00000
Profit before tax−6141221200−5−2−13−5−11−88−140−11−9−38−2
0–210000−20−4−1−4−29−3600010
Tax rate––13.7%33.9%30.4%7.6%−284.6%32.0%––––––––––9.5%–
Net profit−6141011210−3−2−9−4−8−59−103−11−9−37−2
Other comprehensive income–––––––––––––––00000
Total comprehensive income–––––––––––––––−11−9−37−2
Net margin−5.5%10.7%8.1%1.1%0.9%1.7%0.5%0.2%−3.4%−1.9%−11.0%−4.4%−11.1%−142.9%−261.1%−28.9%−24.0%−11.7%22.4%−11.1%
Earnings per share––––––––––−₹11.71−₹5.07−₹10.01−₹77.65−₹136.97−₹14.38−₹11.42−₹4.52₹9.26−₹2.81
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
53224Mar 1049931Mar 1171332Mar 125240.1Mar 133763.8Mar 144140.6Mar 154224.4Mar 16345−14Mar 17236−173Mar 18134−16218Mar 19
A loss in 3 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
11.7%−93.3%9.4%11.7%10.5%5.4%10.4%7.6%7.2%1.0%−93.3%2.8%4.5%6.2%4.5%0.0%1.0%0.1%1.0%−3.9%−73.4%−11.9%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

The years either side of a change of basis do not compare. From the year to Mar 2013, the company's revenue for that year, ₹524 Cr, differs from its quarters added, ₹551 Cr.

Results for the year to Mar 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue134
  2. Materials and goods−23
  3. Employee costs−36
  4. Other expenses−71
  5. Operating profit3.7
  6. Depreciation−7.2
  7. Other income+1.5
  8. One-off items0.0
  9. Finance costs−13
  10. Profit before tax−15
  11. Tax−0.7
  12. Net profit−16

What the company owns

  • Plant, investments and other assets₹280 Cr
  • Receivables₹94 Cr
  • Cash and bank₹41 Cr

What pays for it: net worth and liabilities

  • Borrowings₹218 Cr
  • Other liabilities₹197 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2019, the latest four quarters added.

₹ croreMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Jun 2019Twelve months
Revenue from operations532499713524376414422345236134115
482441638496337383392341456130110
Materials and goods bought13912227120710514712674842318
Employee costs–––––––––3628
Other expenses–––––––––7164
Operating profit before depreciation505975283932304−22045
Operating margin9.4%11.7%10.5%5.4%10.4%7.6%7.2%1.0%−93.3%2.8%4.6%
Materials, % of revenue–––––––––17.3%15.8%
Employee costs, % of revenue–––––––––26.8%24.4%
Other expenses, % of revenue–––––––––53.2%55.2%
Depreciation and amortisation9111616171077877
Operating profit after depreciation41485912232223−3−228−4−2
Other income221134973712
Finance costs7413222428251923136
One-off items–––––––––00
Profit before tax3646483225−19−244−15−6
1215163−211−6−7111
Net profit2431320414−14−173−16−7
Other comprehensive income–––––––––00
Total comprehensive income–––––––––−16−7
Net margin4.5%6.2%4.5%0.0%1.0%0.1%1.0%−3.9%−73.4%−11.9%−6.2%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
−1
Share capital8
Reserves−9
Borrowings218
415
1
Total assets415
246
169
Net debt177
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share₹42.44––––−₹17.94−₹229.67–
Diluted earnings per share₹42.44––––−₹17.94−₹229.67–
Market cap at the year end (₹ crore)182––––––14
Earnings per share is left blank for the year to Mar 2019: the earnings per share stated has the opposite sign to the profit stated beside it, so it is not shown.

Ratios

Standalone, years to March.

RatioMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth16.4%−6.2%42.9%–−28.3%10.2%1.9%−18.3%−31.5%−43.3%
Operating profit growth140.3%17.5%28.2%–38.3%−19.7%−4.1%−88.2%––
Net profit growth269.3%29.6%3.3%−99.7%4,111.1%−83.6%603.2%–––
Return on equity–––––––––1,443.6%
Return on capital employed–––––––––−1.6%
Interest cover6.012.54.60.50.90.80.9–––
Receivable days–––––––––257
Inventory days–––––––––0
Payable days–––––––––0
Cash conversion cycle, days–––––––––257
Working capital days–––––––––−188
Asset turnover–––––––––0.32
Assets per rupee of net worth–––––––––−377.42
Sales per rupee of plant–––––––––1.38
Plant being built, % of plant in use–––––––––0.0%
Revenue growth and operating profit growth are left blank for the year to Mar 2013: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, Mar 2018 and Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Return on assets, latest year
−3.8%
Measure10 years5 years3 years
Revenue growth, yearly rate–−18.7%−31.8%
Operating margin, average−2.7%−14.9%−29.8%
Net margin, average−7.2%−17.6%−29.7%

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1–––––––––−3.99
Effective tax ratePublished threshold 17.16 per cent33.4132.9332.9597.11−107.1066.6715.67–––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, Engineering, Procurement & Construction, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−76.0%––0.0%
3 years−52.1%––0.0%
5 years−29.7%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Petron Engineering Construction share price by year

Each calendar year to 2020.

YearClose at year endChangeHighest closeLowest close
2020BSE close5.25−30.5%8.555.25
2019BSE close7.55−80.7%39.655.57
2018BSE close39.10−72.8%147.7023.60
2017143.90+2.6%215.20122.95
2016140.30−42.7%263.45127.80
2015244.70+47.7%303.30143.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2020 close is its last trade, on 18 Feb 2020.

Recent sessions

The 10 trading days to 18 Feb 2020, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
18 Feb 20205.455.455.255.255.2586
17 Feb 20205.755.755.505.505.521,058
14 Feb 20205.755.755.755.755.75554
13 Feb 20206.056.056.056.056.05135
12 Feb 20206.356.356.356.356.3538
11 Feb 20205.755.775.755.765.76900
10 Feb 20206.656.656.656.656.65757
7 Feb 20206.657.006.656.956.851,134
6 Feb 20207.107.506.857.007.027,214
5 Feb 20207.407.407.207.207.20404
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
530381
ISIN
INE742A01019
Former symbols
PETRONENGG
CIN
L45202MH1976PLC019135
Corporate identity number, the registrar of companies' code for it
Incorporated
1976
Registered office
Swastik Chambers, 6th Floor, Sion Trombay Road, Chembur, Mumbai 400071, Maharashtra
Share registrar
Link Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments