Panasonic Energy Price Rs 337, Market Cap Rs 252 Crs , Cash Rs 40 Crs, EV Rs 210 Crs. EPS Ts 23.78 FY-15P/E 13.5 X

Company ProfilePanasonic Energy India Co. Ltd., established in the year 1972 as Lakhanpal National Limited, is one of India's largest manufacturer & supplier of dry cell batteries and lighting products. Headquartered in Vadodara (Gujarat), the Company is a part of global Panasonic Corporation, world's leading manufacturer of audio-visual equipments, home appliances, electronic components, automotive electronics and environmental systems.The Company is a leading manufacturer and supplier of Zinc carbon, Alkaline, Lithium, Rechargeable batteries and lighting products. Company has an established and wide sales network that includes 2 manufacturing units, state of art technology, distribution centers, numerous stockiests and thousands of retailers across India.Innovation takes a top precedence at Panasonic Energy India Co. Ltd. The Company is a pioneer in Metal Jacketed Dry battery, high performance pencil battery, Zinc-Chloride technology and eco friendly batteries in India.Quality is one of the prime importance at Panasonic Energy India Co. Ltd. Panasonic batteries undergo a stringent three-step quality check before reaching the market. The Production, Quality Control and Quality Assurance departments assure the overall quality and performance of the battery. In-house manufacturing of raw materials and automated quality check ensure that Panasonic dry cell batteries are leak proof, safe and offer consistent performance.

Panasonic Energy

Panasonic Energy

Panasonic Energy

Panasonic Energy

Panasonic Energy

Panasonic Energy

Key Highligts from AGM 24/7/2015## India's only eco-friendly best quality Batteries & Torch company## Aspiration to become near No 2 from distant No 3## Focussed on sales & Mktg , Brand Building , expanded distribution in both in Urban and Rural, Taken up Area development activities on focused manner. Have 2 factories , 22 depot, 2000 stockist and 525000 dealers## Right product Mix with focussed on high quality high value product.## After huge success of Panasonic Ultimate AA now launched Ultimate AAA which is growing at 30%, invested Rs 5 crs on a new production line for AAA which will increase 10mn / month to 20 mn/ month on 2 shift basis.## Launching 9V battery.## Introduced more than 50 different models of led Flash lights & Torches , FY 15 sales Rs 8.5 crs vs Eveready Rs 250 crs and Nippo Rs 48 crs in FY14.## Huge potential ,per capita battery consumption in India is only 2.1 per annum vs developing countries 4 and developed countries between 16-18.

Panasonic Energy

## Valuation FY15 EPS Rs 23.76 trading at 14 X vs Eveready trading at 57 X, consumer stocks trading average P/E 40X FY16E and 33X FY17E.

## Triggers gaining market share , Eveready taking price increase , Creeping acquisition by parent will lead to P/E. expansion.## To energies your appliances and also your wealth By -Buy the Panasonic shares, check all the remotes, Replace all the Batteries with Panasonic Batteries ## Thank you & All the Best.