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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

Manaksia Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 9:34 pm

Market Cap 599 Cr.
Current Price 91.0
High / Low 149/83.0
Stock P/E8.09
Book Value 79.7
Dividend Yield0.00 %
ROCE10.2 %
ROE7.47 %
Face Value 2.00
PEG Ratio0.57

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

View Share Price Target for Manaksia Ltd

Competitors of Manaksia Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Tin Works Ltd 207 Cr. 199 249/13214.6 2010.60 %11.1 %8.65 % 10.0
HCP Plastene Bulkpack Ltd 175 Cr. 164 294/14746.0 49.40.00 %5.83 %0.30 % 10.0
Gujarat Containers Ltd 101 Cr. 178 200/14211.7 83.60.84 %22.7 %22.9 % 10.0
Goblin India Ltd 44.9 Cr. 32.5 82.4/29.211.6 31.80.00 %8.18 %6.90 % 10.0
G K P Printing & Packaging Ltd 18.5 Cr. 8.40 15.5/7.53 9.980.00 %5.50 %7.89 % 10.0
Industry Average2,915.06 Cr443.4238.86166.570.24%12.21%33.26%7.36

All Competitor Stocks of Manaksia Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales217234273236306359309262289306236199152
Expenses185218231198242275256234262266206173131
Operating Profit32164238648352272739302521
OPM %15%7%15%16%21%23%17%10%9%13%13%13%14%
Other Income99121815151118242571510
Interest2222333454244
Depreciation8776755664332
Profit before tax30174548709154364157323425
Tax %15%77%27%30%29%22%76%31%21%33%30%30%31%
Net Profit2643333507013253238222417
EPS in Rs3.590.414.675.127.7910.372.063.764.745.753.363.532.49

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9442,1091,6791,1281,0991,0419869908568611,1741,1651,030
Expenses1,6641,7421,3559289188648959067847609461,019908
Operating Profit280367324200181176918572101228146121
OPM %14%17%19%18%16%17%9%9%8%12%19%13%12%
Other Income-15-22644596666333607770
Interest595537282117181066101514
Depreciation831059362604844444232252115
Profit before tax123184200113104116126978896254187163
Tax %4%8%4%8%10%13%24%22%30%33%27%42%
Net Profit1181691911049410196756165186108116
EPS in Rs18.1625.9929.2115.7914.2415.3614.4811.168.959.1127.9516.3117.38
Dividend Payout %0%0%7%13%14%0%21%27%117%33%11%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)43.22%13.02%-45.55%-9.62%7.45%-4.95%-21.88%-18.67%6.56%186.15%-41.94%
Change in YoY Net Profit Growth (%)0.00%-30.20%-58.57%35.93%17.06%-12.40%-16.92%3.21%25.22%179.60%-228.09%

Manaksia Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-7%
3 Years:-7%
TTM:-47%
Compounded Profit Growth
10 Years:-11%
5 Years:-3%
3 Years:5%
TTM:-37%
Stock Price CAGR
10 Years:3%
5 Years:23%
3 Years:14%
1 Year:-32%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:11%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital13131313131313131313131313
Reserves1,2621,0761,0791,1938049761,0409469431,0491,111537509
Borrowings49014322014120652451452114587439
Other Liabilities39722099942431521711551641982119784
Total Liabilities2,1631,4531,4121,4411,2661,1941,2691,1281,1721,3741,393722644
Fixed Assets6413973633462493102652091731411294849
CWIP2526711116119104434302
Investments203524346415238583630671426316
Other Assets1,267988934929973528585677413598591248277
Total Assets2,1631,4531,4121,4411,2661,1941,2691,1281,1721,3741,393722644

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +176116113262481279-5-3727914053135
Cash from Investing Activity +-96-46-161-59-285-30313178-359-45-5-250
Cash from Financing Activity +-76-7036-12153-188-33-973332-91-16
Net Cash Flow4-1-1282249-212-2543-48127-43-131

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow280.00-123.00181.00-20.0040.00-30.0039.0040.0058.0049.00114.0088.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days515422292664253630252745
Inventory Days13414714518210776719194817531
Days Payable10365602729102324444371716
Cash Conversion Cycle8213510718410439648480698560
Working Capital Days110148160264241141102101150625342
ROCE %14%17%16%11%9%11%14%10%9%9%23%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs0.27%0.32%0.54%0.56%0.55%0.49%1.42%1.61%1.70%1.73%1.50%1.28%
Public24.79%24.75%24.53%24.51%24.52%24.56%23.64%23.48%23.36%23.34%23.56%23.78%
No. of Shareholders26,08928,33628,38528,55327,79630,06325,92128,60534,02034,23935,98736,288

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
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)11.5316.3027.939.108.94
Diluted EPS (Rs.)11.5316.3027.939.108.94
Cash EPS (Rs.)13.4419.6132.1914.7015.69
Book Value[Excl.RevalReserv]/Share (Rs.)88.43175.55165.82149.24148.93
Book Value[Incl.RevalReserv]/Share (Rs.)88.43175.55165.82149.24148.93
Revenue From Operations / Share (Rs.)107.05177.84179.16131.39130.63
PBDIT / Share (Rs.)24.2534.1044.0220.4020.66
PBIT / Share (Rs.)22.8230.9440.2515.5614.29
PBT / Share (Rs.)15.8828.5938.7714.6613.37
Net Profit / Share (Rs.)12.0116.4528.429.869.32
NP After MI And SOA / Share (Rs.)11.5316.3027.939.108.94
PBDIT Margin (%)22.6519.1724.5715.5215.81
PBIT Margin (%)21.3117.3922.4611.8410.93
PBT Margin (%)14.8316.0721.6411.1510.23
Net Profit Margin (%)11.219.2415.867.507.13
NP After MI And SOA Margin (%)10.769.1615.596.926.84
Return on Networth / Equity (%)13.729.4917.246.236.11
Return on Capital Employeed (%)25.4217.1323.539.999.15
Return On Assets (%)10.467.6613.325.105.19
Total Debt / Equity (X)0.130.050.100.050.01
Asset Turnover Ratio (%)0.660.840.090.040.05
Current Ratio (X)4.905.884.746.378.10
Quick Ratio (X)4.395.554.145.506.58
Inventory Turnover Ratio (X)5.245.810.040.010.00
Dividend Payout Ratio (NP) (%)0.0018.4010.740.00117.41
Dividend Payout Ratio (CP) (%)0.0015.419.460.0068.54
Earning Retention Ratio (%)0.0081.6089.260.00-17.41
Cash Earning Retention Ratio (%)0.0084.5990.540.0031.46
Interest Coverage Ratio (X)12.9314.5229.7122.6922.57
Interest Coverage Ratio (Post Tax) (X)10.108.0020.1811.9711.18
Enterprise Value (Cr.)662.00502.40365.96282.9741.10
EV / Net Operating Revenue (X)0.940.430.310.320.04
EV / EBITDA (X)4.172.251.272.120.30
MarketCap / Net Operating Revenue (X)0.910.590.410.380.20
Retention Ratios (%)0.0081.5989.250.00-17.41
Price / BV (X)1.170.620.450.340.18
Price / Net Operating Revenue (X)0.910.590.410.380.20
EarningsYield0.110.150.370.180.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Manaksia Ltd as of December 18, 2024 is: 49.13

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, Manaksia Ltd is Overvalued by 46.01% compared to the current share price 91.00

Intrinsic Value of Manaksia Ltd as of December 18, 2024 is: 56.10

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, Manaksia Ltd is Overvalued by 38.35% compared to the current share price 91.00

Last 5 Year EPS CAGR: 14.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (963.46 cr) compared to borrowings (126.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (284.85 cr) and profit (142.38 cr) over the years.
  1. The stock has a low average ROCE of 13.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 131.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 91.08, 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 Manaksia Ltd:
    1. Net Profit Margin: 11.21%
      • 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: 25.42% (Industry Average ROCE: 11.94%)
      • 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%: 13.72% (Industry Average ROE: 29.57%)
      • 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): 10.1
      • 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: 4.39
      • 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: 8.09 (Industry average Stock P/E: 27.63)
      • 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: 0.13
      • 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

Manaksia Ltd. is a Public Limited Listed company incorporated on 27/12/1984 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L74950WB1984PLC038336 and registration number is 038336. Currently Company is involved in the business activities of Wholesale of metals and metal ores. Company’s Total Operating Revenue is Rs. 62.78 Cr. and Equity Capital is Rs. 13.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers'Turner Morrison Building', 6 Lyons Range, Kolkata West Bengal 700001info@manaksia.com
http://www.manaksia.com
Management
NamePosition Held
Mr. Suresh Kumar AgrawalManaging Director
Mr. Vineet AgrawalNon Executive Director
Mrs. Nidhi BahetiInd. Non-Executive Director
Mr. Varun AgrawalNon Executive Director
Dr. Kali Kumar ChaudhuriInd. Non-Executive Director
Mr. Ramesh Kumar MaheshwariInd. Non-Executive Director
Mr. Biswanath BhattacharjeeInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Manaksia Ltd?

The latest intrinsic value of Manaksia Ltd as on 18 December 2024 is ₹49.13, which is 46.01% lower than the current market price of ₹91.00. The stock has a market capitalization of 599 Cr. and recorded a high/low of ₹149/83.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹509 Cr and total liabilities of ₹644 Cr.

What is the Market Cap of Manaksia Ltd?

The Market Cap of Manaksia Ltd is 599 Cr..

What is the current Stock Price of Manaksia Ltd as on 18 December 2024?

The current stock price of Manaksia Ltd as on 18 December 2024 is 91.0.

What is the High / Low of Manaksia Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Manaksia Ltd stocks is 149/83.0.

What is the Stock P/E of Manaksia Ltd?

The Stock P/E of Manaksia Ltd is 8.09.

What is the Book Value of Manaksia Ltd?

The Book Value of Manaksia Ltd is 79.7.

What is the Dividend Yield of Manaksia Ltd?

The Dividend Yield of Manaksia Ltd is 0.00 %.

What is the ROCE of Manaksia Ltd?

The ROCE of Manaksia Ltd is 10.2 %.

What is the ROE of Manaksia Ltd?

The ROE of Manaksia Ltd is 7.47 %.

What is the Face Value of Manaksia Ltd?

The Face Value of Manaksia Ltd is 2.00.

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 Manaksia 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