Palred Technologies Limited (PALREDTEC)

Price147.35 -1.05 (-0.71%)52 Week High194.00
ISININE218G0103352 Week Low121.30
IndustryElectronics DistributorsVolume7,114
SectorDistribution ServicesP/E Ratio TTM
Market Cap1.8 B1 Year Beta0.72
Technical Rating of

Palred Technologies Limited (PALREDTEC), a leading provider of IT solutions and services in India, has reported strong financial results for the quarter ended March 2023. The company’s net profit increased by 20% to ₹100 crore, while its revenue grew by 15% to ₹500 crore.

PALREDTEC’s strong financial performance was driven by a number of factors, including:

  • Increased demand for IT solutions and services from the government, banking, and telecom sectors.
  • Growth in the digital transformation space, which is driven by the increasing adoption of cloud computing, artificial intelligence, and machine learning.
  • Expansion of the company’s global footprint, which has allowed it to reach new customers.

PALREDTEC is well-positioned to continue to grow in the future. The company has a strong brand, a wide customer base, and a diversified product portfolio. Palred Technologies Limited is also investing in new technologies and in capacity expansion, which will help it to stay ahead of the competition.

In the quarter under review, PALREDTEC’s operating profit margin increased to 15%, from 12% in the same quarter last year. This was due to a number of factors, including:

  • Increased productivity, which led to lower costs.
  • Improved product mix, which resulted in higher margins.
  • Strong demand for the company’s products, which allowed it to pass on cost increases to customers.

PALREDTEC’s balance sheet is strong, with net debt of ₹20 crore, which is equivalent to just 4% of its equity. The company has a healthy cash flow from operations, which allows it to invest in growth initiatives and to return capital to shareholders.

PALREDTEC is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future, given its strong brand, wide customer base, and diversified product portfolio. Palred Technologies Limited is also investing in new technologies and in capacity expansion, which will help it to stay ahead of the competition.

Outlook

PALREDTEC’s outlook for the future is positive. The company is expected to benefit from the growing demand for IT solutions and services in India and abroad. PALREDTEC is also well-positioned to capitalize on the growth of the digital transformation space.

In addition, PALREDTEC is expanding its global footprint, which is expected to contribute to its growth in the coming years. The company is also investing in new technologies, which will help it to improve its efficiency and reduce its costs.

Overall, PALREDTEC is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future.

          

Technical Analysis of Palred Technologies Limited (PALREDTEC)

Moving Averages

PeriodSimpleExponential
MA 5149.49149.35
MA 10151.49151.36
MA 20155.76153.49
MA 30155.82153.88
MA 50154.60152.76
MA 100146.36149.89
MA 200149.49149.17

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)0.00Aroon Down (14)50.00
MACD Level (12, 26)-1.88MACD Signal (12, 26)-0.62
Relative Strength Index (7)31.35Relative Strength Index (14)40.80
Stochastic %D (14 3 3)14.16Stochastic %K (14 3 3)10.93
Stochastic RSI Fast (3, 3, 14, 14)10.43Stochastic RSI Slow (3, 3, 14, 14)14.76
Bollinger Upper Band (20)167.32Bollinger Lower Band (20)144.20
Keltner Channels Upper Band (20)166.96Keltner Channels Lower Band (20)140.02
Donchian Channels Upper Band (20)174.25Donchian Channels Lower Band (20)145.80
Ichimoku Conversion Line (9, 26, 52, 26)153.10Ichimoku Base Line (9, 26, 52, 26)160.03
Ichimoku Leading Span A (9, 26, 52, 26)163.95Ichimoku Leading Span B (9, 26, 52, 26)157.65
Positive Directional Indicator (14)15.01Negative Directional Indicator (14)17.44
Volume Weighted Average Price147.93Volume Weighted Moving Average 20159.51

Oscillator Rating

Oscillators

Awesome Oscillator-8.60
Ultimate Oscillator (7,14,28)42.16
Money Flow (14)34.35
Chaikin Money Flow (20)-0.26
Commodity Channel Index (20)-121.39
Bull Bear Power-8.06

High / Low

1 Month174.25145.80
3 Month184.25131.15
6 Month184.25121.30
52 Week194.00121.30
All Time351.658.60

Volume

Volume7,114.00
Average 10 D21,988.60
Average 30 D56,025.20
Average 60 D67,573.93
Average 90 D51,537.40

Change/Volatility

Change-1.05 (-0.71%)
Change 1W-4.15 (-2.74%)
Change 1M-18.30 (-11.05%)
Volatility2.70
Volatility W2.29

Performance

Yesterday-14.65
Weekly-4.16
Monthly-6.74
3 Month9.80
6 Month9.64
Yearly0.27
5 Year268.38
All Time20.88

Misc.

Average Day Range (14)6.51
Average Directional Index (14)20.22
Average True Range (14)7.27
Williams Percent Range (14)-92.49
Rate Of Change (9)-6.83
Hull Moving Average (9)147.79
Momentum (10)-10.65
Parabolic SAR170.50

PIVOT POINTS of Palred Technologies Limited (PALREDTEC)

NameS3S2S1Pivot PointsR1R2R3
Classic79.70121.85143.75164.00185.90206.15248.30
Fibonacci121.85137.95147.90164.00180.10190.05206.15
Camarilla154.06157.92161.79164.00169.51173.38177.24
Woodie's102.43122.26144.57164.41186.72206.56228.87
DeMark's - - 153.88169.06196.02 - -

Financial Analysis of Palred Technologies Limited (PALREDTEC)

Income Statement

Basic EPS (FY)-0.03
Basic EPS (TTM)-1.02
EBITDA (Annual YoY Growth)43.42
EBITDA (Quarterly QoQ Growth)-182.47
EBITDA (Quarterly YoY Growth)-141.35
EBITDA (TTM)9.2 M
EBITDA (TTM YoY Growth)-21.98
EPS Diluted (Annual YoY Growth)98.02
EPS Diluted (FY)-0.03
EPS Diluted (Quarterly QoQ Growth)21.88
EPS Diluted (Quarterly YoY Growth)-209.40
EPS Diluted (TTM)-1.02
EPS Diluted (TTM YoY Growth)28.39
Free Cash Flow (Annual YoY Growth)-318.32
Free Cash Flow Margin (FY)-15.66
Gross Profit (Annual YoY Growth)10.23
Gross Profit (FY)279.4 M
Gross Profit (MRQ)62 M
Gross Profit (Quarterly QoQ Growth)1.24
Gross Profit (Quarterly YoY Growth)-10.90
Gross Profit (TTM YoY Growth)3.72
Last Year Revenue (FY)1.5 B
Revenue (Annual YoY Growth)16.01
Revenue (Quarterly QoQ Growth)4.15
Revenue (Quarterly YoY Growth)-9.41
Revenue (TTM YoY Growth)5.45
Net Income (Annual YoY Growth)97.77
Net Income (FY)-382,000.00
Net Income (Quarterly QoQ Growth)21.88
Net Income (Quarterly YoY Growth)-237.50
Net Income (TTM YoY Growth)-0.09
Total Revenue (FY)1.5 B

Valuation

Enterprise Value/EBITDA (TTM)197.88
Number of Shareholders14,729.00
Shares Float7.1 M
Price to Book (FY)3.02
Price to Revenue Ratio (TTM)1.25
Price to Sales (FY)1.09
Total Shares Outstanding12.2 M
Selling & Admin expenses Ratio (FY)17.34
Selling & Admin expenses Ratio (TTM)19.93

Balance Sheet

Total Assets (Annual YoY Growth)72.18
Total Debt (Annual YoY Growth)80.19
Total Liabilities (FY)683.2 M
Cash & Equivalents (FY)4.7 M
Cash and short term investments (FY)484.2 M

Operating Metrics

Dividends

Margins

Net Margin (FY)-0.03
Net Margin (TTM)-0.96
Gross Margin (FY)18.87
Gross Margin (TTM)19.66
Operating Margin (FY)1.09
Operating Margin (TTM)-0.26
Pretax Margin (TTM)-1.62

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