VII. CONCLUSION
By adopting and practicing various cost cutting strategies and bringing about variations in company policies along with adoption of efficient HR strategy PECL has been able to over-come their dark periods and this is presented below:
A. FINANCIAL RESULTS
Operation and sales related income had started to decline from Rs. 52427 Lacs to Rs.35, 587 Lacs from previous to current year (i.e. 28.31% decline). Other income also saw a significant downfall to Rs. 355 Lacs in the current year from Rs. 1,340 Lacs in the previous year. Profit before Interest, Depreciation and Tax has started to show improvement to Rs. 4,278 Lacs in the current year as compared to Rs. 4,176 Lacs in the previous year. However, the Finance-Cost has increased …show more content…
The 30-day trend in its share price performance of 38.11% is also above the peer median of 9.35% suggesting that this company is a leading performer relative to its peers. Fig.10. Pictorial Representation of Share Price Performance of PECL.
Relative Valuation Fig.11. Pictorial Representation of Relative Valuation of PECL.
Fig.12. Pictorial Representation of PECL fundamental score.
Petron Engineering Construction Ltd.’s price of INR 253.30 is lower than Capital Cube’s implied price of INR 409.84. Capital Cube believes that at these levels, Petron Engineering Construction Ltd. is undervalued and has upside potential. Over the last 52 week period, the stock has fluctuated between INR 142.35 and INR 313.80.
VIII. COMPLICATIONS INVOLVED
This paper highlights the strategy of PECL with respect to its costing methods and various approaches practised by PECL. Although I tried my level best to collect and extract most of the information from available resources of the company. At some places it was very difficult to go in depth as it was against the PECL policy to share the information related to company activities.
By adopting and practicing various cost cutting strategies and bringing about variations in company policies along with adoption of efficient HR strategy PECL has been able to over-come their dark periods and this is presented below:
A. FINANCIAL RESULTS
Operation and sales related income had started to decline from Rs. 52427 Lacs to Rs.35, 587 Lacs from previous to current year (i.e. 28.31% decline). Other income also saw a significant downfall to Rs. 355 Lacs in the current year from Rs. 1,340 Lacs in the previous year. Profit before Interest, Depreciation and Tax has started to show improvement to Rs. 4,278 Lacs in the current year as compared to Rs. 4,176 Lacs in the previous year. However, the Finance-Cost has increased …show more content…
The 30-day trend in its share price performance of 38.11% is also above the peer median of 9.35% suggesting that this company is a leading performer relative to its peers. Fig.10. Pictorial Representation of Share Price Performance of PECL.
Relative Valuation Fig.11. Pictorial Representation of Relative Valuation of PECL.
Fig.12. Pictorial Representation of PECL fundamental score.
Petron Engineering Construction Ltd.’s price of INR 253.30 is lower than Capital Cube’s implied price of INR 409.84. Capital Cube believes that at these levels, Petron Engineering Construction Ltd. is undervalued and has upside potential. Over the last 52 week period, the stock has fluctuated between INR 142.35 and INR 313.80.
VIII. COMPLICATIONS INVOLVED
This paper highlights the strategy of PECL with respect to its costing methods and various approaches practised by PECL. Although I tried my level best to collect and extract most of the information from available resources of the company. At some places it was very difficult to go in depth as it was against the PECL policy to share the information related to company activities.