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Last Updated on: 19 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Mangalore Chemicals & Fertilizers Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

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

Market Cap 1,883 Cr.
Current Price 158
High / Low 171/94.4
Stock P/E17.4
Book Value 83.7
Dividend Yield0.95 %
ROCE16.9 %
ROE18.2 %
Face Value 10.0
PEG Ratio0.63

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

View Share Price Target for Mangalore Chemicals & Fertilizers Ltd

Competitors of Mangalore Chemicals & Fertilizers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat State Fertilizers & Chemicals Ltd 8,466 Cr. 212 322/18816.0 3371.88 %5.77 %4.55 % 2.00
Bharat Agri Fert & Realty Ltd 395 Cr. 74.7 132/68.5 9.970.07 %6.14 %14.8 % 1.00
Basant Agro Tech (India) Ltd 171 Cr. 18.8 28.9/17.520.6 19.50.27 %5.65 %1.30 % 1.00
Zuari Agro Chemicals Ltd 974 Cr. 232 268/1515.44 4220.00 %8.50 %3.44 % 10.0
Southern Petrochemicals Industries Corporation Ltd (SPIC) 1,558 Cr. 76.3 108/64.410.0 56.41.97 %17.8 %14.4 % 10.0
Industry Average10,718.33 Cr368.3452.53165.700.62%21.98%10.62%7.35

All Competitor Stocks of Mangalore Chemicals & Fertilizers Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3275986877287627191,0212831,1731,1649581,410641
Expenses3045526326636966959583061,0331,0368421,269559
Operating Profit23475565662463-2214112811614182
OPM %7%8%8%9%9%3%6%-8%12%11%12%10%13%
Other Income7466586671171011
Interest17111113111619213331302823
Depreciation12161313131213131717171718
Profit before tax124384647437-4997927610651
Tax %25%39%36%36%34%16%38%35%21%26%35%36%35%
Net Profit115242931323-327668496833
EPS in Rs0.071.242.052.452.620.291.92-2.726.435.734.165.712.78

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
Sales3,7072,7803,3102,5772,9692,4792,6893,0742,7112,1442,8963,6424,173
Expenses3,5112,6053,0902,4132,8572,3062,5312,8822,5041,9362,6803,3273,705
Operating Profit196175221163112174158191207208216315468
OPM %5%6%7%6%4%7%6%6%8%10%7%9%11%
Other Income1310410-21383992024192540
Interest7787102126115116841111117749104112
Depreciation29292929323537394550516070
Profit before tax102699418-24830755070106135176325
Tax %33%4%24%-105%3%36%19%34%8%36%35%24%
Net Profit69677138-240196133656788135218
EPS in Rs5.835.625.983.17-20.261.645.112.775.455.667.4111.3618.38
Dividend Payout %21%21%20%19%0%31%20%36%9%18%16%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-2.90%5.97%-46.48%-731.58%107.92%221.05%-45.90%96.97%3.08%31.34%53.41%
Change in YoY Net Profit Growth (%)0.00%8.87%-52.45%-685.10%839.50%113.14%-266.95%142.87%-93.89%28.27%22.07%

Mangalore Chemicals & Fertilizers 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:1%
5 Years:4%
3 Years:21%
TTM:-36%
Compounded Profit Growth
10 Years:8%
5 Years:35%
3 Years:32%
TTM:-59%
Stock Price CAGR
10 Years:6%
5 Years:42%
3 Years:35%
1 Year:36%
Return on Equity
10 Years:11%
5 Years:16%
3 Years:17%
Last Year:18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital119119119119119119119119119119119119119
Reserves465517541286305359377427489565685821873
Borrowings1,2291,5221,1081,3851,2031,3671,7131,5068841,3631,3771,039783
Other Liabilities473475670664610664710751506675479452445
Total Liabilities2,2862,6332,4382,4532,2372,5082,9182,8031,9972,7212,6592,4302,220
Fixed Assets4744976206436256116136085995731,0771,0821,051
CWIP121299131333354678317141114
Investments2002002000000000000
Other Assets1,6011,8071,6091,7971,5991,8642,2702,1491,3201,8311,5681,3371,154
Total Assets2,2862,6332,4382,4532,2372,5082,9182,8031,9972,7212,6592,4302,220

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +324-22613-13633733-262629962-87192496
Cash from Investing Activity +-225-154-56-53-13-40-59-65-121-187-243-82
Cash from Financing Activity +-197173-550180-27060250-393-702404-101-464
Net Cash Flow-99-38-105554-71171139130-152-50

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow196.00174.00220.00162.00111.00173.00157.00190.00206.00-676.00215.00314.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2419336018316118619587847658
Inventory Days49236538142237894948873726
Days Payable674398862353128411488823723
Cash Conversion Cycle7-1012908619013047897661
Working Capital Days15115012813413514517514362817862
ROCE %9%10%7%5%9%9%8%9%10%11%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters60.34%60.47%60.54%60.55%60.63%60.63%60.63%60.63%60.63%60.63%60.63%60.63%
FIIs3.49%4.00%2.58%2.25%0.13%0.86%0.84%1.11%1.61%1.84%1.45%1.66%
DIIs0.19%0.19%0.19%0.19%0.19%0.19%0.19%0.19%2.12%2.00%4.66%5.63%
Government0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%
Public35.09%34.45%35.80%36.12%38.17%37.43%37.44%37.18%34.76%34.64%32.37%31.21%
No. of Shareholders64,37859,72760,95857,19858,11254,49253,18552,56253,25468,70169,21365,007

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.)13.0611.367.415.665.45
Diluted EPS (Rs.)13.0611.367.415.665.45
Cash EPS (Rs.)19.1016.3911.689.909.27
Book Value[Excl.RevalReserv]/Share (Rs.)79.2767.7557.6251.2246.02
Book Value[Incl.RevalReserv]/Share (Rs.)79.2767.7557.6251.2246.02
Dividend / Share (Rs.)1.501.501.201.000.50
Revenue From Operations / Share (Rs.)320.16307.18244.25180.86228.67
PBDIT / Share (Rs.)35.1928.6919.7919.6319.17
PBIT / Share (Rs.)29.1523.6515.5315.3915.35
PBT / Share (Rs.)20.3014.8511.368.905.94
Net Profit / Share (Rs.)13.0611.367.415.665.45
PBDIT Margin (%)10.999.338.1010.858.38
PBIT Margin (%)9.107.706.358.506.71
PBT Margin (%)6.344.834.654.922.59
Net Profit Margin (%)4.073.693.033.122.38
Return on Networth / Equity (%)16.4716.7612.8611.0411.83
Return on Capital Employeed (%)25.1522.3918.6922.9022.88
Return On Assets (%)6.365.063.233.362.30
Long Term Debt / Equity (X)0.310.440.310.240.40
Total Debt / Equity (X)1.081.691.961.332.63
Asset Turnover Ratio (%)1.491.351.230.890.94
Current Ratio (X)1.231.101.041.031.04
Quick Ratio (X)1.080.930.790.870.91
Inventory Turnover Ratio (X)9.055.956.125.193.57
Dividend Payout Ratio (NP) (%)11.4810.5613.488.8318.35
Dividend Payout Ratio (CP) (%)7.857.318.565.0410.78
Earning Retention Ratio (%)88.5289.4486.5291.1781.65
Cash Earning Retention Ratio (%)92.1592.6991.4494.9689.22
Interest Coverage Ratio (X)3.983.264.753.032.04
Interest Coverage Ratio (Post Tax) (X)2.482.292.781.871.58
Enterprise Value (Cr.)1893.832154.301808.661250.521492.35
EV / Net Operating Revenue (X)0.490.590.620.580.55
EV / EBITDA (X)4.546.337.715.376.57
MarketCap / Net Operating Revenue (X)0.310.310.350.390.10
Retention Ratios (%)88.5189.4386.5191.1681.64
Price / BV (X)1.281.451.501.390.52
Price / Net Operating Revenue (X)0.310.310.350.390.10
EarningsYield0.120.110.080.070.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mangalore Chemicals & Fertilizers Ltd as of December 19, 2024 is: 267.58

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 19, 2024, Mangalore Chemicals & Fertilizers Ltd is Undervalued by 69.35% compared to the current share price 158.00

Intrinsic Value of Mangalore Chemicals & Fertilizers Ltd as of December 19, 2024 is: 341.23

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 19, 2024, Mangalore Chemicals & Fertilizers Ltd is Undervalued by 115.97% compared to the current share price 158.00

Last 5 Year EPS CAGR: 27.52%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (2.46 cr) and profit (77.08 cr) over the years.
  1. The stock has a low average ROCE of 9.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 120.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 65.58, which may not be favorable.
  4. The company has higher borrowings (1,267.62) compared to reserves (516.15), which may suggest financial risk.

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 Mangalore Chemicals & Fertilizers Ltd:
    1. Net Profit Margin: 4.07%
      • 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: 25.15% (Industry Average ROCE: 21.98%)
      • 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%: 16.47% (Industry Average ROE: 10.62%)
      • 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): 2.48
      • 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: 1.08
      • 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: 17.4 (Industry average Stock P/E: 52.53)
      • 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: 1.08
      • 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

Mangalore Chemicals & Fertilizers Ltd. is a Public Limited Listed company incorporated on 18/07/1966 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L24123KA1966PLC002036 and registration number is 002036. Currently company belongs to the Industry of Fertilisers. Company’s Total Operating Revenue is Rs. 2895.58 Cr. and Equity Capital is Rs. 118.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersLevel 11, UB Tower, UB City, No.24, Bengaluru Karnataka 560001shares.mcfl@adventz.com
http://www.mangalorechemicals.com
Management
NamePosition Held
Mr. Akshay PoddarChairman
Mr. Nitin M KantakWhole Time Director
Mr. D A PrasannaIndependent Director
Mr. Kiran DhingraIndependent Director
Mr. Marco WadiaIndependent Director
Mr. N Suresh KrishnanDirector

FAQ

What is the latest intrinsic value of Mangalore Chemicals & Fertilizers Ltd?

The latest intrinsic value of Mangalore Chemicals & Fertilizers Ltd as on 18 December 2024 is ₹267.58, which is 69.35% higher than the current market price of ₹158.00. The stock has a market capitalization of 1,883 Cr. and recorded a high/low of ₹171/94.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹873 Cr and total liabilities of ₹2,220 Cr.

What is the Market Cap of Mangalore Chemicals & Fertilizers Ltd?

The Market Cap of Mangalore Chemicals & Fertilizers Ltd is 1,883 Cr..

What is the current Stock Price of Mangalore Chemicals & Fertilizers Ltd as on 18 December 2024?

The current stock price of Mangalore Chemicals & Fertilizers Ltd as on 18 December 2024 is 158.

What is the High / Low of Mangalore Chemicals & Fertilizers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mangalore Chemicals & Fertilizers Ltd stocks is 171/94.4.

What is the Stock P/E of Mangalore Chemicals & Fertilizers Ltd?

The Stock P/E of Mangalore Chemicals & Fertilizers Ltd is 17.4.

What is the Book Value of Mangalore Chemicals & Fertilizers Ltd?

The Book Value of Mangalore Chemicals & Fertilizers Ltd is 83.7.

What is the Dividend Yield of Mangalore Chemicals & Fertilizers Ltd?

The Dividend Yield of Mangalore Chemicals & Fertilizers Ltd is 0.95 %.

What is the ROCE of Mangalore Chemicals & Fertilizers Ltd?

The ROCE of Mangalore Chemicals & Fertilizers Ltd is 16.9 %.

What is the ROE of Mangalore Chemicals & Fertilizers Ltd?

The ROE of Mangalore Chemicals & Fertilizers Ltd is 18.2 %.

What is the Face Value of Mangalore Chemicals & Fertilizers Ltd?

The Face Value of Mangalore Chemicals & Fertilizers 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 Mangalore Chemicals & Fertilizers 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