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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Marvel Decor Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:48 pm

Market Cap 186 Cr.
Current Price 105
High / Low130/60.0
Stock P/E45.3
Book Value 34.4
Dividend Yield0.00 %
ROCE8.16 %
ROE5.88 %
Face Value 10.0
PEG Ratio0.75

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

View Share Price Target for Marvel Decor Ltd

Competitors of Marvel Decor Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Marvel Decor Ltd 186 Cr. 105130/60.045.3 34.40.00 %8.16 %5.88 % 10.0
Ahlada Engineers Ltd 108 Cr. 84.0167/83.59.34 1073.57 %14.6 %10.4 % 10.0
Industry Average147.00 Cr94.5027.3270.701.79%11.38%8.14%10.00

All Competitor Stocks of Marvel Decor Ltd

Quarterly Result

MonthMar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Sales8.9414.6314.849.6218.2319.5121.7123.4326.2326.2027.23
Expenses6.1612.8712.4810.7514.3918.3219.1822.9723.4923.1423.88
Operating Profit2.781.762.36-1.133.841.192.530.462.743.063.35
OPM %31.10%12.03%15.90%-11.75%21.06%6.10%11.65%1.96%10.45%11.68%12.30%
Other Income0.310.310.720.330.530.900.692.160.620.320.15
Interest0.210.550.690.560.650.710.850.730.780.820.76
Depreciation1.111.101.191.071.070.951.020.881.020.840.88
Profit before tax1.770.421.20-2.432.650.431.351.011.561.721.86
Tax %32.20%85.71%45.00%-2.06%7.55%23.26%8.89%14.85%10.26%14.53%6.45%
Net Profit1.200.060.65-2.382.460.331.230.861.391.481.74
EPS in Rs0.700.170.25-1.521.580.250.620.500.820.871.02

Last Updated: September 28, 2024, 10:53 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 28, 2024, 10:53 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales31.5225.7729.1227.5140.8049.2653.03
Expenses23.5019.1124.7824.6737.0746.0446.89
Operating Profit8.026.664.342.843.733.226.14
OPM %25.44%25.84%14.90%10.32%9.14%6.54%11.58%
Other Income0.180.730.890.821.592.760.74
Interest2.160.511.331.301.561.511.58
Depreciation1.821.972.292.141.971.901.71
Profit before tax4.224.911.610.221.792.573.59
Tax %26.30%28.92%55.90%68.18%12.29%12.06%10.31%
Net Profit3.113.500.720.071.572.263.22
EPS in Rs1.832.050.160.020.791.191.70
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)12.54%-79.43%-90.28%2142.86%43.95%42.48%
Change in YoY Net Profit Growth (%)0.00%-91.97%-10.85%2233.13%-2098.91%-1.47%

Marvel Decor Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:16%
3 Years:24%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:-4%
3 Years:298%
TTM:36%
Stock Price CAGR
10 Years:%
5 Years:35%
3 Years:57%
1 Year:74%
Return on Equity
10 Years:%
5 Years:3%
3 Years:4%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: September 28, 2024, 10:53 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital17.0417.0417.0417.0417.0417.0417.04
Reserves22.5725.4726.6926.7928.2830.5633.73
Borrowings2.325.0211.2211.1311.1113.8314.24
Other Liabilities7.8111.1311.148.7110.069.9911.35
Total Liabilities49.7458.6666.0963.6766.4971.4276.36
Fixed Assets12.5915.4917.5715.9515.8515.6514.54
CWIP0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Other Assets37.1543.1748.5247.7250.6455.7761.82
Total Assets49.7458.6666.0963.6766.4971.4276.36

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-7.042.573.171.86-0.68-0.47
Cash from Investing Activity +-4.69-4.52-1.01-2.73-1.330.12
Cash from Financing Activity +0.381.11-1.04-0.172.140.41
Net Cash Flow-11.34-0.831.12-1.040.130.06

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow5.701.64-6.88-8.29-7.38-10.61-8.10

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days73.0767.2877.7171.2550.1959.5769.93
Inventory Days635.992,672.531,113.661,170.18906.44779.90841.54
Days Payable141.98421.28191.04202.81156.16150.84146.33
Cash Conversion Cycle567.082,318.531,000.331,038.61800.47688.64765.14
Working Capital Days241.09449.70464.27479.77338.52315.21328.52
ROCE %11.93%5.67%2.78%5.95%6.92%8.16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
Promoters72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%70.03%
DIIs1.77%1.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.32%25.65%27.08%27.10%27.09%27.10%27.09%27.09%27.09%27.09%27.09%29.97%
No. of Shareholders422403404392358345344347345400402428

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.)1.891.330.870.060.42
Diluted EPS (Rs.)1.891.330.870.060.42
Cash EPS (Rs.)3.052.442.081.301.77
Book Value[Excl.RevalReserv]/Share (Rs.)29.7927.9326.9326.1126.62
Book Value[Incl.RevalReserv]/Share (Rs.)29.7927.9326.9326.1126.62
Revenue From Operations / Share (Rs.)31.3629.1524.1916.3417.29
PBDIT / Share (Rs.)4.043.513.122.103.02
PBIT / Share (Rs.)3.032.391.960.841.68
PBT / Share (Rs.)2.111.511.050.120.94
Net Profit / Share (Rs.)1.891.330.910.040.42
NP After MI And SOA / Share (Rs.)1.891.330.870.060.42
PBDIT Margin (%)12.8812.0312.9012.8517.47
PBIT Margin (%)9.678.218.115.159.69
PBT Margin (%)6.725.174.320.775.47
Net Profit Margin (%)6.024.543.790.252.43
NP After MI And SOA Margin (%)6.024.543.600.372.43
Return on Networth / Equity (%)6.334.743.270.231.63
Return on Capital Employeed (%)9.838.176.902.945.97
Return On Assets (%)4.213.162.230.161.08
Long Term Debt / Equity (X)0.020.030.030.070.03
Total Debt / Equity (X)0.280.290.240.250.25
Asset Turnover Ratio (%)0.720.720.400.330.46
Current Ratio (X)2.482.422.582.972.52
Quick Ratio (X)0.550.500.430.530.58
Inventory Turnover Ratio (X)0.550.530.380.290.47
Interest Coverage Ratio (X)4.363.963.402.944.14
Interest Coverage Ratio (Post Tax) (X)3.042.502.001.061.58
Enterprise Value (Cr.)167.1281.5763.3847.9446.73
EV / Net Operating Revenue (X)3.131.641.541.721.59
EV / EBITDA (X)24.2813.6511.9213.409.07
MarketCap / Net Operating Revenue (X)2.871.371.261.351.16
Price / BV (X)3.021.431.150.850.77
Price / Net Operating Revenue (X)2.871.371.261.351.16
EarningsYield0.020.030.020.000.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Marvel Decor Ltd as of November 24, 2024 is: 93.46

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 November 24, 2024, Marvel Decor Ltd is Overvalued by 10.99% compared to the current share price 105.00

Intrinsic Value of Marvel Decor Ltd as of November 24, 2024 is: 149.93

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 November 24, 2024, Marvel Decor Ltd is Undervalued by 42.79% compared to the current share price 105.00

Last 5 Year EPS CAGR: 60.42%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.98 and average Dividend Yield of 8.17%.
  2. The company has higher reserves (27.73 cr) compared to borrowings (9.84 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (36.72 cr) and profit (2.70 cr) over the years.
  1. The stock has a low average ROCE of 5.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 373.87, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 403.62, 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 Marvel Decor Ltd:
    1. Net Profit Margin: 6.02%
      • 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: 9.83% (Industry Average ROCE: 11.38%)
      • 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%: 6.33% (Industry Average ROE: 8.14%)
      • 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): 3.04
      • 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: 0.55
      • 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: 45.3 (Industry average Stock P/E: 27.32)
      • 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: 0.28
      • 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

Marvel Decor Ltd. is a Public Limited Listed company incorporated on 04/10/1996 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L18109GJ1996PLC030870 and registration number is 030870. Currently Company is involved in the business activities of Manufacture of other articles. Company’s Total Operating Revenue is Rs. 26.31 Cr. and Equity Capital is Rs. 17.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Furniture, Furnishing & FlooringPlot No 211, GIDC Phase II, Jamnagar Gujarat 361004corporate@marvellifestyle.com
http://www.marvellifestyle.com
Management
NamePosition Held
Mr. Ashok R PaunChairman & Managing Director
Mr. Dipak R PaunDirector
Ms. Urmi A PaunDirector & CFO
Ms. Dipti D PaunDirector
Mr. Dhansukhbhai J DevaniIndependent Director
Mr. Rajesh J MorzariaIndependent Director
Ms. Khwahish A PaunDirector
Mr. Dhiren M ShahIndependent Director

FAQ

What is the latest intrinsic value of Marvel Decor Ltd?

The latest intrinsic value of Marvel Decor Ltd as on 24 November 2024 is ₹93.46, which is 10.99% lower than the current market price of ₹105.00.

What is the Market Cap of Marvel Decor Ltd?

The Market Cap of Marvel Decor Ltd is 186 Cr..

What is the current Stock Price of Marvel Decor Ltd as on 24 November 2024?

The current stock price of Marvel Decor Ltd as on 24 November 2024 is 105.

What is the High / Low of Marvel Decor Ltd stocks in FY 2024?

In FY 2024, the High / Low of Marvel Decor Ltd stocks is 130/60.0.

What is the Stock P/E of Marvel Decor Ltd?

The Stock P/E of Marvel Decor Ltd is 45.3.

What is the Book Value of Marvel Decor Ltd?

The Book Value of Marvel Decor Ltd is 34.4.

What is the Dividend Yield of Marvel Decor Ltd?

The Dividend Yield of Marvel Decor Ltd is 0.00 %.

What is the ROCE of Marvel Decor Ltd?

The ROCE of Marvel Decor Ltd is 8.16 %.

What is the ROE of Marvel Decor Ltd?

The ROE of Marvel Decor Ltd is 5.88 %.

What is the Face Value of Marvel Decor Ltd?

The Face Value of Marvel Decor 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 Marvel Decor 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