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Last Updated on: 18 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Macpower CNC Machines Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 9:40 pm

Market Cap 1,498 Cr.
Current Price 1,498
High / Low 1,737/568
Stock P/E52.8
Book Value 131
Dividend Yield0.10 %
ROCE29.7 %
ROE22.2 %
Face Value 10.0
PEG Ratio1.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Macpower CNC Machines Ltd

Competitors of Macpower CNC Machines Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,642 Cr. 387 582/35088.5 63.20.28 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 31.7 Cr. 95.0 103/42.7 23.30.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,415 Cr. 16,605 20,900/13,23851.8 1,7801.20 %25.9 %19.2 % 10.0
Cranex Ltd 81.7 Cr. 136 190/47.043.4 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,073 Cr. 1,793 2,062/53871.1 91.10.00 %72.8 %60.3 % 10.0
Industry Average12,820.11 Cr1,794.1359.98272.710.25%19.11%15.35%5.77

All Competitor Stocks of Macpower CNC Machines Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales34.6449.9934.5252.7548.0555.1641.0853.4853.0154.3240.4663.1066.14
Expenses31.6645.8431.0146.3942.6749.5737.0247.5447.4249.2637.0954.0656.05
Operating Profit2.984.153.516.365.385.594.065.945.595.063.379.0410.09
OPM %8.60%8.30%10.17%12.06%11.20%10.13%9.88%11.11%10.55%9.32%8.33%14.33%15.26%
Other Income0.160.150.200.120.070.090.120.150.02-0.030.260.200.50
Interest0.030.030.020.050.050.030.030.100.060.040.040.040.12
Depreciation0.650.620.660.690.720.720.750.840.860.900.910.951.07
Profit before tax2.463.653.035.744.684.933.405.154.694.092.688.259.40
Tax %49.59%5.21%55.12%24.22%25.43%26.17%25.00%25.24%25.37%26.65%24.25%25.33%25.21%
Net Profit1.243.451.374.353.483.642.553.853.503.002.036.167.03
EPS in Rs1.243.451.374.353.483.642.553.853.503.002.036.167.03

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales57554264646810514082113190202224
Expenses5553416262669412477104170181196
Operating Profit221222121759202128
OPM %4%4%2%3%3%2%11%12%6%8%11%10%12%
Other Income-0-001001310101
Interest0001100000000
Depreciation1111111113334
Profit before tax110011111847181724
Tax %36%29%34%-26%35%20%35%30%30%11%30%26%
Net Profit11000171336131318
EPS in Rs19.0014.605.605.808.1713.007.0412.642.736.0312.8312.8818.22
Dividend Payout %-0%-0%-0%-0%-0%-0%14%8%-0%-0%12%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%600.00%85.71%-76.92%100.00%116.67%0.00%
Change in YoY Net Profit Growth (%)0.00%600.00%-514.29%-162.64%176.92%16.67%-116.67%

Macpower CNC Machines Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2011-2012 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:11%
3 Years:29%
TTM:23%
Compounded Profit Growth
10 Years:56%
5 Years:14%
3 Years:60%
TTM:93%
Stock Price CAGR
10 Years:%
5 Years:87%
3 Years:99%
1 Year:128%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:18%
Last Year:22%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:36 pm

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.500.500.500.600.601010101010101010
Reserves22123435657627587109121
Borrowings1984400100003
Other Liabilities12151718254143316258426170
Total Liabilities16262725339510998134143139180204
Fixed Assets5433356363740444751
CWIP0000006110033
Investments43100811205552
Other Assets719222230839760769891125147
Total Assets16262725339510998134143139180204

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

MonthMar 2011Mar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow2.001.00-8.00-6.00-2.00-2.0012.0017.004.009.0020.0021.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days31413195614231512112333
Inventory Days14512578127142183306285208184203
Days Payable1301141191761831431552081147397
Cash Conversion Cycle32925-227-276316589105134139
Working Capital Days-372123-1416-25910426608185
ROCE %37%8%19%18%36%30%6%10%23%19%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.91%72.99%73.09%73.11%73.11%73.11%73.11%73.11%73.16%73.17%73.17%73.17%
FIIs0.00%0.00%0.00%0.00%6.13%5.79%5.79%4.48%0.00%0.04%0.66%0.81%
DIIs11.03%11.03%11.03%11.03%3.18%1.61%1.46%1.15%0.00%0.48%0.18%0.00%
Public16.06%15.99%15.89%15.87%17.58%19.48%19.64%21.26%26.84%26.32%25.99%26.01%
No. of Shareholders2,1882,2663,9284,1716,4499,52610,16611,11513,02011,77111,98414,597

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)24.2412.8912.836.032.73
Diluted EPS (Rs.)24.2412.8912.836.032.73
Cash EPS (Rs.)28.3816.2515.628.643.88
Book Value[Excl.RevalReserv]/Share (Rs.)119.0796.6184.6772.4767.74
Book Value[Incl.RevalReserv]/Share (Rs.)119.0796.6184.6772.4767.74
Dividend / Share (Rs.)1.501.501.500.001.00
Revenue From Operations / Share (Rs.)240.94201.89190.40112.8883.57
PBDIT / Share (Rs.)36.8020.9221.339.535.46
PBIT / Share (Rs.)32.6717.5618.546.924.36
PBT / Share (Rs.)32.4217.3318.386.753.98
Net Profit / Share (Rs.)24.2412.8912.836.032.78
PBDIT Margin (%)15.2710.3611.208.446.53
PBIT Margin (%)13.558.699.736.135.22
PBT Margin (%)13.458.589.655.974.76
Net Profit Margin (%)10.066.386.735.343.33
Return on Networth / Equity (%)20.3513.3415.158.324.10
Return on Capital Employeed (%)26.7017.6921.299.406.30
Return On Assets (%)13.459.009.204.482.79
Asset Turnover Ratio (%)1.491.431.390.970.79
Current Ratio (X)2.242.251.851.542.01
Quick Ratio (X)0.670.630.400.530.46
Inventory Turnover Ratio (X)2.151.961.961.411.20
Dividend Payout Ratio (NP) (%)6.187.753.500.0010.98
Dividend Payout Ratio (CP) (%)5.286.152.870.007.87
Earning Retention Ratio (%)93.8292.2596.500.0089.02
Cash Earning Retention Ratio (%)94.7293.8597.130.0092.13
Interest Coverage Ratio (X)147.1690.96138.0156.0614.49
Interest Coverage Ratio (Post Tax) (X)97.9357.0484.0436.478.38
Enterprise Value (Cr.)1096.42270.65218.8386.4628.47
EV / Net Operating Revenue (X)4.551.341.150.760.34
EV / EBITDA (X)29.7812.9410.269.075.31
MarketCap / Net Operating Revenue (X)4.591.371.190.810.41
Retention Ratios (%)93.8192.2496.490.0089.01
Price / BV (X)9.292.852.681.260.51
Price / Net Operating Revenue (X)4.591.371.190.810.41
EarningsYield0.020.040.050.060.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Macpower CNC Machines Ltd as of December 18, 2024 is: 1,537.07

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 18, 2024, Macpower CNC Machines Ltd is Undervalued by 2.61% compared to the current share price 1,498.00

Intrinsic Value of Macpower CNC Machines Ltd as of December 18, 2024 is: 2,246.83

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 18, 2024, Macpower CNC Machines Ltd is Undervalued by 49.99% compared to the current share price 1,498.00

Last 5 Year EPS CAGR: 46.18%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.67%, which is a positive sign.
  2. The company has higher reserves (47.69 cr) compared to borrowings (2.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (108.15 cr) and profit (7.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 35.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 59.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Macpower CNC Machines Ltd:
    1. Net Profit Margin: 10.06%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 26.7% (Industry Average ROCE: 19.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.35% (Industry Average ROE: 15.35%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 97.93
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.67
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 52.8 (Industry average Stock P/E: 59.98)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Macpower CNC Machines Ltd. is a Public Limited Listed company incorporated on 31/12/2003 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L30009GJ2003PLC043419 and registration number is 43419. Currently Company is involved in the business activities of Manufacture of machine tools for turning, drilling, milling, shaping, planning, boring, grinding etc.. Company’s Total Operating Revenue is Rs. 190.48 Cr. and Equity Capital is Rs. 10.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyPlot No. 2234, Near Kranti Gate, Rajkot Dist. Gujarat 360021cs@macpowercnc.com
http://www.macpowercnc.com
Management
NamePosition Held
Mr. Rupesh J MehtaChairman & Managing Director
Mr. Nikesh J MehtaWholeTime Director & CEO
Mrs. Riya R MehtaNon Executive Woman Director
Mr. Rajubhai R BhanderiIndependent Director
Mr. Deven J DoshiIndependent Director
Mr. Maulik R MokariyaIndependent Director

FAQ

What is the latest intrinsic value of Macpower CNC Machines Ltd?

The latest intrinsic value of Macpower CNC Machines Ltd as on 18 December 2024 is ₹1537.07, which is 2.61% higher than the current market price of ₹1,498.00. The stock has a market capitalization of 1,498 Cr. and recorded a high/low of ₹1,737/568 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹121 Cr and total liabilities of ₹204 Cr.

What is the Market Cap of Macpower CNC Machines Ltd?

The Market Cap of Macpower CNC Machines Ltd is 1,498 Cr..

What is the current Stock Price of Macpower CNC Machines Ltd as on 18 December 2024?

The current stock price of Macpower CNC Machines Ltd as on 18 December 2024 is 1,498.

What is the High / Low of Macpower CNC Machines Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Macpower CNC Machines Ltd stocks is 1,737/568.

What is the Stock P/E of Macpower CNC Machines Ltd?

The Stock P/E of Macpower CNC Machines Ltd is 52.8.

What is the Book Value of Macpower CNC Machines Ltd?

The Book Value of Macpower CNC Machines Ltd is 131.

What is the Dividend Yield of Macpower CNC Machines Ltd?

The Dividend Yield of Macpower CNC Machines Ltd is 0.10 %.

What is the ROCE of Macpower CNC Machines Ltd?

The ROCE of Macpower CNC Machines Ltd is 29.7 %.

What is the ROE of Macpower CNC Machines Ltd?

The ROE of Macpower CNC Machines Ltd is 22.2 %.

What is the Face Value of Macpower CNC Machines Ltd?

The Face Value of Macpower CNC Machines Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Macpower CNC Machines Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE