Dashboard
1
Poor long term growth as Net Sales has grown by an annual rate of 2.43% over the last 5 years
2
With a fall in EPS of -14.86%, the company declared Very Negative results in Jun 25
3
With ROE of 12.24%, it has a expensive valuation with a 1.64 Price to Book Value
4
Below par performance in long term as well as near term
Stock DNA
Electronics & Appliances
VND 1,645,099 Million (Small Cap)
13.00
NA
2.82%
0.47
10.58%
1.66
Revenue and Profits:
Net Sales:
906,138 Million
(Quarterly Results - Jun 2025)
Net Profit:
35,210 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-14.18%
0%
-14.18%
6 Months
-9.44%
0%
-9.44%
1 Year
-10.39%
0%
-10.39%
2 Years
41.88%
0%
41.88%
3 Years
6.57%
0%
6.57%
4 Years
-10.28%
0%
-10.28%
5 Years
25.88%
0%
25.88%
Dry Cell & Storage Battery JSC for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
2.43%
EBIT Growth (5y)
-2.83%
EBIT to Interest (avg)
3.59
Debt to EBITDA (avg)
1.47
Net Debt to Equity (avg)
0.54
Sales to Capital Employed (avg)
1.57
Tax Ratio
22.43%
Dividend Payout Ratio
61.17%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
14.97%
ROE (avg)
14.99%
Valuation key factors
Factor
Value
P/E Ratio
13
Industry P/E
Price to Book Value
1.64
EV to EBIT
12.26
EV to EBITDA
7.79
EV to Capital Employed
1.38
EV to Sales
0.69
PEG Ratio
NA
Dividend Yield
2.90%
ROCE (Latest)
11.25%
ROE (Latest)
12.24%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
906,138.40
861,889.60
5.13%
Operating Profit (PBDIT) excl Other Income
80,660.60
66,891.90
20.58%
Interest
11,544.10
9,798.00
17.82%
Exceptional Items
0.00
0.00
Consolidate Net Profit
35,210.00
26,224.20
34.27%
Operating Profit Margin (Excl OI)
62.60%
50.60%
1.20%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is 5.13% vs 13.07% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is 34.27% vs -9.70% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
3,205,408.50
3,184,947.10
0.64%
Operating Profit (PBDIT) excl Other Income
267,763.80
256,689.30
4.31%
Interest
41,936.70
59,363.10
-29.36%
Exceptional Items
0.00
0.00
Consolidate Net Profit
113,964.30
103,682.10
9.92%
Operating Profit Margin (Excl OI)
55.50%
53.70%
0.18%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 0.64% vs -6.29% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 9.92% vs -26.78% in Dec 2023
About Dry Cell & Storage Battery JSC 
Dry Cell & Storage Battery JSC
Electronics & Appliances
Dry Cell and Storage Battery Joint Stock Company (PINACO) is a Vietnam-based manufacturer of electrical equipment. The Company manufactures and trades dry cells and storage batteries, as well as materials and equipment for dry cell and battery production activities. Its products are distributed through authorized agents nationwide in Vietnam. In addition, it is involved in real estate trading and office leasing. On May 9, 2014, the Company announced that it has reduced its holding stake in Viet Gia Phu Real Estate Investment and Trading to 2.25%.
Company Coordinates 
Company Details
So 321 Tran Hung Dao, Phuong Co Giang, Quan 1 HO CHI MINH None : None
Registrar Details






