Arthneeti

Pioneer Embroideries Q4 FY21 Share Price & Earnings Call Analysis

₹20.00+2.56% today
Market cap
₹61 Cr
ROE
-2.61%
Price to sales
0.17
Debt to equity
0.59
52W high / low
₹33.9 / ₹17.6
Sales growth (5Y)
8.26%
EBITDA margin
4.10%
Net profit margin
-1.21%
Promoter holding
32.71%
Sales (last year)
₹347 Cr

Incorporated in 1991, Pioneer Embroideries Ltd is a manufacturer of Special Polyester Filament Yarn (SPFY), Embroidery & Lace Products[1]

Guidance scorecard · Q4 FY21 call

What Pioneer Embroideries's management guided
and where it ranks in Textiles & Apparels

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ4 FY21 call

10–20%
  • The company sees latent pent-up demand post-COVID with the economy reopening and a festive season ahead, supporting domestic sales recovery.
  • Export contribution has significantly increased (from 24% to 60%) due to global uptrend in home furnishings, driving growth.
  • Capacity utilization in yarn business is currently around 80-95%, indicating room for 10-15% growth before further expansion is needed.
  • Plans for capacity expansion and modernization are under internal evaluation to drive future growth, though specifics will be shared once firmed up.

2 more points from Pioneer Embroideries's call on revenue

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Full Q4 FY21 analysis

MarginsQ4 FY21 call

Flat

See what Pioneer Embroideries said on margins — free account, 30 seconds.

Full Q4 FY21 analysis

CapexQ4 FY21 call

Planned
  • The company is looking to consolidate its embroidery operations across its three factories (Coimbatore, Silvassa, Sarigam) to optimize costs.
  • There is a focus on modernizing the plant machinery and setups in the embroidery segment to improve efficiency and impact financials positively.
  • Details on firm plans and exact capex numbers will be shared once internal planning is finalized.

2 more points from Pioneer Embroideries's call on capex

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Full Q4 FY21 analysis

FundraisingQ4 FY21 call

Planned

See what Pioneer Embroideries said on fundraising — free account, 30 seconds.

Full Q4 FY21 analysis

Order bookQ4 FY21 call

Rising
  • The company currently maintains an order book position of about 35 days.
  • Demand is described as fairly decent and in line with forecasts.
  • There is optimism that demand will stabilize or improve as COVID-19 related lockdowns ease.
  • The management monitors new orders closely as part of their EBITDA-driven approach, prioritizing higher realizations regardless of customer location.
  • The order inflow and capacity utilization are dynamic; recent capacity utilization in the last two quarters was around 94-95%.

2 more points from Pioneer Embroideries's call on the order book

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Full Q4 FY21 analysis
Full Textiles & Apparels ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does Pioneer Embroideries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹582 Cr94.0
240%+Flat₹430 Cr23.6
3Sumeet Industrie20–40%Up 2%+₹747 Cr34.4
420–40%Up 2%+₹344 Cr25.5
520–40%Up 0–2%₹2,574 Cr11.2
620–40%Up 0–2%₹1,108 Cr59.8

Sign up free to see every company in the sector ranking and track Pioneer Embroideries.

Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials of Pioneer Embroideries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Pioneer Embroideries

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +74.4173.7282.5185.3294.6596.4093.8196.1088.7686.1282.7081.2186.03
Expenses +69.7569.5877.9579.3487.2690.1586.5388.4784.7182.8181.9377.0180.72
Operating Profit4.664.144.565.987.396.257.287.634.053.310.774.205.31
OPM %6.26%5.62%5.53%7.01%7.81%6.48%7.76%7.94%4.56%3.84%0.93%5.17%6.17%
Other Income +0.350.340.770.572.300.840.820.644.014.680.310.575.70
Interest0.990.972.163.202.922.983.201.382.042.622.321.832.53
Depreciation2.142.173.103.313.973.833.933.933.963.963.974.092.80
Profit before tax1.881.340.070.042.800.280.972.962.061.41-5.21-1.155.68
Tax %51.06%23.88%71.43%50.00%11.07%25.00%29.90%25.68%33.01%24.82%-27.06%-28.70%26.76%
Net Profit +0.921.020.020.022.500.210.682.191.381.07-3.80-0.834.17
EPS in Rs0.420.390.050.010.850.070.220.710.450.35-1.23-0.271.35

Financials of Pioneer Embroideries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +272255236262274238226292297336375336
Expenses +252234220253255219199267285314350322
Operating Profit202116101919272512222514
OPM %7%8%7%4%7%8%12%8%4%7%7%4%
Other Income +1720-1621422124611
Interest129119864349109
Depreciation19158999888131615
Profit before tax617-19-648161512461
Tax %0%0%0%0%0%0%-18%28%31%17%29%18%
Net Profit +1117-19-64819118441
EPS in Rs6.219.31-8.96-2.461.593.297.244.153.201.261.460.20
Dividend Payout %0%0%0%0%0%0%3%7%0%0%0%0%

Financials of Pioneer Embroideries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181922242525272727293131
Reserves6145534753618394102116124125
Borrowings +143109706957373232971109691
Other Liabilities +444159606050464768767179
Total Liabilities265213203200196173188199293332322326
Fixed Assets +9498107969385807875186182159
CWIP5303200872003
Investments8700000112121111
Other Assets +1591059510110087108112135135128152
Total Assets265213203200196173188199293332322326

Financials of Pioneer Embroideries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +292236171926181310123319
Cash from Investing Activity +6-10-24-7-43-8-10-65-34-8-3
Cash from Financing Activity +-35-14-12-10-16-28-5-86016-23-16
Net Cash Flow0-2-00-115-55-61-1
Free Cash Flow251411101529107-45-222415
CFO/OP148%106%228%173%101%135%67%56%90%51%131%137%

Financials of Pioneer Embroideries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303938394029373133333028
Inventory Days7873120847910313810610812393108
Days Payable446081727264704555574056
Cash Conversion Cycle6452775047681059186988380
Working Capital Days-8-73575723465434292543
ROCE %14%16%11%2%9%9%15%12%3%6%6%2%

Continue your research

What Pioneer Embroideries's management said in earlier quarters

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