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Company details

850.00
867.00
450.00
1,300.00
6M Return 31.17%
1Y Return 79.79%
Mkt Cap.(Cr) 2,223.88
Volume 70,669
Div Yield 0.12%
OI
-
OI Chg %
-
Volume 70,669

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Advertising & Media company Praveg announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • Total Income for FY24: Rs 94.55 crore, showing growth from Rs 84.85 crore in FY23.
  • EBITDA for FY24: Rs 32.14 crore, declining from Rs 45.29 crore in FY23.
  • EBITDA Margin for FY24: 34%, down from 53% in FY23.
  • Net Profit for FY24: Rs 12.99 crore, decreasing from Rs 28.43 crore in FY23.
  • Net Profit Margin for FY24: 14%, down from 34% in FY23.
  • EPS (Diluted) for FY24: Rs 5.78, declining from Rs 14.78 in FY23.

Q4FY24 Financial Highlights:

  • Total Income for Q4FY24: Rs 33.49 crore, indicating a significant increase from Rs 18.99 crore in Q4FY23.
  • EBITDA for Q4FY24: Rs 9.46 crore, with a slight decrease from Rs 9.91 crore in Q4FY23.
  • EBITDA Margin for Q4FY24: 28%, a notable decrease from 52% in Q4FY23.
  • Net Profit for Q4FY24: Rs 1.63 crore, significantly lower compared to Rs 5.17 crore in Q4FY23.
  • Net Profit Margin for Q4FY24: 5%, a substantial decrease from 27% in Q4FY23.
  • EPS (Diluted) for Q4FY24: Rs 0.73, significantly lower compared to Rs 2.68 in Q4FY23.
  • Preferential allotment of 14,90,000 equity shares at Rs 670/- in February 2024.
  • Preferential allotment of 1,75,000 equity shares converted from warrants at Rs 487/- during the quarter ended March 31, 2024.

Commenting on the results, Chairman Vishnu Patel remarked, "Our operational resorts have garnered an exceptional response from our esteemed guests, who have expressed tremendous appreciation for the unparalleled hospitality we offer. I am elated by the progress we are witnessing. Each new property development infuses our team members with a renewed sense of enthusiasm and purpose, allowing them to witness firsthand the remarkable achievements they are capable of realizing.

"Our strategic focus remains on attaining exemplary results across both our hospitality and exhibition segments, while concurrently emphasizing prudent cost minimization. As we look ahead to FY25, we are strategically positioned to leverage the development of new resorts and properties, expanding our total number of operational rooms from 636 in FY24 to over 1,300 rooms. Our objectives are ambitious yet attainable, aiming to augment our occupancy levels to between 45% and 50%.

These concerted efforts are poised to yield auspicious outcomes for our overall performance this year, propelling our operations to unprecedented heights of success and excellence."

Result PDF

View Other Company Results

Praveg Shares SWOT Analysis

Strengths (5)

  • Company with Low Debt
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (6)

  • Promoter holding decreased by more than -2% QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 868.7
R2 876.4
R3 885.7
Pivot

859.37

S1 851.7
S2 842.4
S3 834.7
EMA SMA
855.3
877.2
871.6
794.7
842.4
889.9
912.0
791.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MNCL CAPITAL COMPOUNDER FUND 2 Bulk Purchase 2024-06-21 847.11 300000 BSE
SHRIKESH PRABHULAL MEHTA Bulk Sell 2024-06-21 845.06 150000 BSE
KETANKUMAR RASIKLAL SHAH Bulk Sell 2024-06-21 845.07 150000 BSE
Name Category Shares
Vishnukumar Vitthaldas Patel PROMOTER 21.32%
Patel Ashaben Vishnukumar PROMOTER 14.15%
Harsh Vishnubhai Patel PROMOTER 3.2%
Paraskumar Maneklal Patel PROMOTER 2.71%
Kamlaben Vitthalbhai Patel PROMOTER 2.33%
Vitthalbhai Dwarkadas Patel PROMOTER 1.95%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Praveg Stocks Comparison

Financials( in Cr) Praveg Ltd Indian Hotels Co Ltd EIH Ltd Chalet Hotels Ltd Lemon Tree Hotels Ltd
Price 861.10 648.15 448.10 842.15 147.04
% Change -0.02 1.67 0.48 0.81 -0.74
Mcap Cr 2,223.88 92,259.75 28,022.56 18,367.29 11,649.19
Revenue TTM Cr 84.48 6,768.75 2,018.81 1,128.47 874.99
Net Profit TTM Cr 28.43 1,201.59 329.10 183.29 140.54
PE TTM 162.47 74.29 43.46 66.17 78.56
1 Year Return 79.79 63.34 110.08 100.97 53.81
ROCE 52.95 15.92 15.77 9.13 11.51
ROE 40.60 13.69 11.89 10.90 14.39
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 104.42 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Praveg Information

Stock PE (TTM)
162.47
Promoter Holding
45.77%
Book Value
117.3265
ROCE
52.95%
ROE
40.6%
Description
  • Praveg Ltd (Formerly known as Sword & Shield Pharma Ltd) was incorporated as a Public Limited Company on March 23, 1992 with the Registrar of Companies, Gujarat State. The Company obtained Certificate of Commencement on March 7th, 1995. Thereafter, the name of the Company changed from Sword & Shield Pharma Ltd to `Praveg Communications (India) Ltd` dated December 2, 2020. Further, the Company changed the name from `Praveg Communications (India) Ltd` to `Praveg Ltd` on November 28, 2022. Founded in year 2005, the Company is a renowned name for offering creative solutions across varied media and domains on a turnkey basis. Presently, it is engaged in business of providing services of Advertising, Hospitality, Management and Organization of Events and Exhibitions. Initially, the Company was engaged in the business of Manufacturing and Trading of Pharmaceutical and other allied Pharmaceutical Products which was closed down in the year 2015-16 by selling of the its Manufacturing Unit i.e. Factory Land and Building through Slump Sale. The Board of Directors at its meeting held on 26th April, 2017 had approved the Scheme of Amalgamation and Arrangement between Sword & Shield Pharma Limited (the Transferee Company) and Praveg Communications Limited (the Transferor Company). Pursuant to the Scheme of Amalgamation, entire investments of Praveg Communications Limited, including investments in subsidiary companies stood transferred to Praveg Communications (India) Limited (Formerly known as Sword and Shield Pharma Limited). Further, the merger of Praveg Communications Limited with Sword and Shield Pharma Limited with effect from April 1, 2016, has led to creation of Praveg Communications (India) Limited. Post-merger, the Company is a leading Advertising company in Exhibition and Event Management. It is is also into the Hospitality sector. Apart from these, it is having an in-house modern design studio, a team of qualified and experienced professionals and sophisticated event infrastructure. During the year 2020-21, the Company transferred its entire holding of 50.20% in Praveg Tourism Private Limited on September 15, 2020, and post the aforesaid transfer, Praveg Tourism Private Limited has ceased to be its Subsidiary. In year 2022, the Company acquired land at 4 locations, mainly Jawai, Velavadar, Ranthambore & Udaipur for development of high-end hospitality projects.

Registered Address

214 Athena Avenue S G Highway, Gota, Ahmedabad, Gujarat, 382481

Tel : 91-79-27496737
Email : cs:praveg.com
Website : http://www.praveg.com
Registrar

Sword & Shield Pharma Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 531637
NSE Code :
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE722B01019

Praveg Shares Faqs

You can buy Praveg shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Praveg Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 04:01 PM the closing price of Praveg was Rs.861.10.

The latest PE ratio of Praveg as of Jun 24, 2024 04:01 PM is 162.47

The latest PB ratio of Praveg as of Jun 24, 2024 04:01 PM is 0.14

The 52-week high of Praveg share price is Rs. 1,300.00 while the 52-week low is Rs. 450.00

Market capitalization or market cap is determined by multiplying the current market price of a companys shares with the total number of shares outstanding. As of Jun 24, 2024 04:01 PM, the market cap of Praveg Ltd stood at Rs. 2,223.88 Cr.

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