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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Mahamaya Steel Industries Ltd

About the Company - Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Ltd. is a Public Limited Listed company incorporated on 23/05/1988 and has its registered office in the State of Chattisgarh, India. Company’s Corporate Identification Number(CIN) is L27107CT1988PLC004607 and registration number is 004607. Currently company belongs to the Industry of Steel - CR/HR Strips. Company’s Total Operating Revenue is Rs. 495.32 Cr. and Equity Capital is Rs. 16.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - CR/HR StripsB/8-9, Sector-C, Urla Industrial Area, Raipur Chattisgarh 493221cs@mahamayagroup.in
http://www.mahamayagroup.in
Management
NamePosition Held
Mr. Rajesh AgrawalManaging Director
Mr. Suresh RamanExecutive Director & CFO
Mrs. Rekha AgrawalExecutive Director
Mr. Uday Raj SinghaniaIndependent Director
Mr. Rajesh LuniaIndependent Director
Mrs. Vanitha RangaiahIndependent Director

Basic Stock Data of Mahamaya Steel Industries Ltd

Last Updated: July 19, 2024, 10:54 pm

Market Cap 164 Cr.
Current Price 100.0
High / Low144/63.0
Stock P/E28.1
Book Value 86.0
Dividend Yield0.00 %
ROCE7.04 %
ROE4.24 %
Face Value 10.0
PEG Ratio1.62

Data Source: screener.in

Competitors of Mahamaya Steel Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pennar Industries Ltd 2,327 Cr. 172192/77.623.7 65.00.00 %15.8 %11.9 % 5.00
Industry Average2,327.00 Cr172.0023.7065.000.00%15.80%11.90%5.00

Mahamaya Steel Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales55.7165.75101.7091.18124.99137.33141.82144.79164.16152.44188.38220.20185.77
Expenses53.1361.8495.7687.51121.50132.98137.91141.13161.18148.50185.16215.77181.63
Operating Profit2.583.915.943.673.494.353.913.662.983.943.224.434.14
OPM %4.63%5.95%5.84%4.03%2.79%3.17%2.76%2.53%1.82%2.58%1.71%2.01%2.23%
Other Income0.070.540.300.040.031.011.140.021.010.691.260.810.56
Interest1.431.361.881.530.981.351.170.560.500.801.341.420.95
Depreciation1.351.441.411.411.481.521.521.531.621.671.471.731.75
Profit before tax-0.131.652.950.771.062.492.361.591.872.161.672.092.00
Tax %38.46%4.85%28.81%37.66%34.91%20.08%26.27%28.30%26.20%20.83%27.54%20.57%22.50%
Net Profit-0.081.582.100.470.701.981.751.141.381.711.221.661.55
EPS in Rs-0.061.071.420.320.471.341.060.690.841.040.741.010.94

Last Updated: July 10, 2024, 12:06 pm

Mahamaya Steel Industries Ltd Quarterly Chart

Mahamaya Steel Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 12:06 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales317254297465358251495650775
Expenses316238276443343238480636758
Operating Profit11621221513151416
OPM %0%6%7%5%4%5%3%2%2%
Other Income322211234
Interest911121196535
Depreciation767666667
Profit before tax-1214702778
Tax %-27%-63%44%16%-505%45%27%25%
Net Profit-1512621557
EPS in Rs-11.240.911.744.321.780.602.983.313.96
Dividend Payout %0%0%0%0%0%0%0%0%

Mahamaya Steel Industries Ltd Profit & Loss Yearly Chart

Mahamaya Steel Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:46%
TTM:21%
Compounded Profit Growth
10 Years:%
5 Years:0%
3 Years:91%
TTM:19%
Stock Price CAGR
10 Years:7%
5 Years:-7%
3 Years:3%
1 Year:40%
Return on Equity
10 Years:%
5 Years:3%
3 Years:4%
Last Year:4%

Last Updated: July 9, 2024, 4:47 pm

Mahamaya Steel Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 12:06 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital141414141415161616
Reserves687476828597112118121
Preference Capital320303027251110
Borrowings719471715256343360
Other Liabilities622970706156425747
Total Liabilities214211231238211224205225245
Fixed Assets697469666361606565
CWIP200000000
Investments333232323131313031
Other Assets110105131140117133115130149
Total Assets214211231238211224205225245

Mahamaya Steel Industries Ltd Reserves and Borrowings Chart

Mahamaya Steel Industries Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 251331835-444214
Cash from Investing Activity -1621-7-31-5-11-6
Cash from Financing Activity -10-16-4-11-315-26-5-8
Net Cash Flow-1-01-11213-151

Mahamaya Steel Industries Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4939291417291610
Inventory Days56819483861304255
Days Payable10334192428512
Cash Conversion Cycle941168978791315252
Working Capital Days749210168691304137
ROCE %5%8%9%5%4%6%6%

Mahamaya Steel Industries Ltd Financial Efficiency Indicators Chart

Mahamaya Steel Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.41%70.41%70.41%73.41%73.41%73.41%73.41%73.41%73.41%73.41%73.41%73.41%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.00%
Public29.58%29.58%29.58%26.59%26.59%26.58%26.59%26.59%26.59%26.58%26.54%26.59%
No. of Shareholders6,2688,5618,6808,9669,0889,1479,2169,2168,8788,8809,34410,636

Mahamaya Steel Industries Ltd Shareholding Pattern Chart

No. of Mahamaya Steel Industries Ltd Shareholders

This stock is not held by any mutual fund

Mahamaya Steel Industries Ltd ROCE Trend

Mahamaya Steel Industries Ltd EPS Trend

Mahamaya Steel Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.093.313.310.631.78
Diluted EPS (Rs.)4.093.313.310.631.78
Cash EPS (Rs.)7.176.375.524.126.89
Book Value[Excl.RevalReserv]/Share (Rs.)85.9575.6978.3660.2855.99
Book Value[Incl.RevalReserv]/Share (Rs.)85.9575.6978.3660.2855.99
Revenue From Operations / Share (Rs.)476.94395.37301.39169.87263.63
PBDIT / Share (Rs.)10.798.999.668.8612.09
PBIT / Share (Rs.)6.535.166.055.117.59
PBT / Share (Rs.)4.093.662.990.850.90
Net Profit / Share (Rs.)2.912.541.910.372.40
NP After MI And SOA / Share (Rs.)4.093.312.980.591.78
PBDIT Margin (%)2.262.273.205.214.58
PBIT Margin (%)1.361.302.003.002.87
PBT Margin (%)0.850.920.990.500.34
Net Profit Margin (%)0.610.640.630.210.90
NP After MI And SOA Margin (%)0.850.830.980.350.67
Return on Networth / Equity (%)4.754.373.800.983.17
Return on Capital Employeed (%)6.395.136.114.967.52
Return On Assets (%)2.882.422.380.391.14
Long Term Debt / Equity (X)0.130.180.110.080.02
Total Debt / Equity (X)0.280.340.260.590.66
Asset Turnover Ratio (%)3.423.022.341.161.61
Current Ratio (X)1.711.782.211.591.30
Quick Ratio (X)0.370.431.110.590.44
Inventory Turnover Ratio (X)7.878.506.582.943.46
Interest Coverage Ratio (X)3.454.613.162.031.81
Interest Coverage Ratio (Post Tax) (X)1.712.071.631.061.36
Enterprise Value (Cr.)205.24125.17143.01195.80172.29
EV / Net Operating Revenue (X)0.260.190.280.780.48
EV / EBITDA (X)11.578.479.0114.9710.51
MarketCap / Net Operating Revenue (X)0.210.120.230.480.27
Price / BV (X)1.170.660.891.381.29
Price / Net Operating Revenue (X)0.210.120.230.480.27
EarningsYield0.040.060.040.010.02

Mahamaya Steel Industries Ltd Profitability Ratios (%)

Mahamaya Steel Industries Ltd Liquidity Ratios

Mahamaya Steel Industries Ltd Liquidity Ratios (%)

Mahamaya Steel Industries Ltd Interest Coverage Ratios (%)

Mahamaya Steel Industries Ltd Valuation Ratios

Fair Value

Fair Value: 104.51

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.

Undervalued: 4.51% compared to the current price 100

Intrinsic Value: 122.64

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 22.64% compared to the current price 100

Last 5 Year EPS CAGR: 17.34%

*Investments are subject to market risks

Strength and Weakness of Mahamaya Steel Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (93.00 cr) compared to borrowings (76.44 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (429.11 cr) and profit (2.67 cr) over the years.
  1. The stock has a low average ROCE of 5.38%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 76.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 86.38, which may not be favorable.

FAQ

What is the latest fair value of Mahamaya Steel Industries Ltd?

The latest fair value of Mahamaya Steel Industries Ltd is ₹104.51.

What is the Market Cap of Mahamaya Steel Industries Ltd?

The Market Cap of Mahamaya Steel Industries Ltd is 164 Cr..

What is the current Stock Price of Mahamaya Steel Industries Ltd as on 21 July 2024?

The current stock price of Mahamaya Steel Industries Ltd as on 21 July 2024 is 100.0.

What is the High / Low of Mahamaya Steel Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mahamaya Steel Industries Ltd stocks is 144/63.0.

What is the Stock P/E of Mahamaya Steel Industries Ltd?

The Stock P/E of Mahamaya Steel Industries Ltd is 28.1.

What is the Book Value of Mahamaya Steel Industries Ltd?

The Book Value of Mahamaya Steel Industries Ltd is 86.0.

What is the Dividend Yield of Mahamaya Steel Industries Ltd?

The Dividend Yield of Mahamaya Steel Industries Ltd is 0.00 %.

What is the ROCE of Mahamaya Steel Industries Ltd?

The ROCE of Mahamaya Steel Industries Ltd is 7.04 %.

What is the ROE of Mahamaya Steel Industries Ltd?

The ROE of Mahamaya Steel Industries Ltd is 4.24 %.

What is the Face Value of Mahamaya Steel Industries Ltd?

The Face Value of Mahamaya Steel Industries 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 Mahamaya Steel Industries 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