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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahickra Chemicals Ltd

About the Company - Mahickra Chemicals Ltd

Mahickra Chemicals Ltd. is a Public Limited Listed company incorporated on 05/09/2017 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L24304GJ2017PLC099781 and registration number is 099781. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company’s Total Operating Revenue is Rs. 102.30 Cr. and Equity Capital is Rs. 8.12 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsPlot No. 1209, Phase-3, Ahmedabad Gujarat 382445info@mahickra.com
http://www.mahickra.com
Management
NamePosition Held
Mr. Miteshkumar C GandhiChairman & Managing Director
Mr. Ashishkumar C GandhiWhole Time Director
Mrs. Komal Miteshkumar GandhiWhole Time Director
Mrs. Amisha ShahIndependent Director
Mr. Akhil S ShahIndependent Director
Mr. Dhanik J MehtaIndependent Director

Basic Stock Data of Mahickra Chemicals Ltd

Last Updated: June 18, 2024, 10:42 pm

Market Cap 91.0 Cr.
Current Price 112
High / Low159/78.2
Stock P/E85.0
Book Value 41.0
Dividend Yield0.58 %
ROCE6.25 %
ROE3.29 %
Face Value 10.0
PEG Ratio-13.99

Competitors of Mahickra Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Asahi Songwon Colors Ltd 468 Cr. 397424/212 2000.13 %1.07 %2.98 % 10.0
Vidhi Specialty Food Ingredients Ltd 2,253 Cr. 451497/33861.5 56.30.22 %17.2 %13.8 % 1.00
Amal Ltd 453 Cr. 367489/254267 56.50.00 %6.62 %2.46 % 10.0
Prolife Industries Ltd 82.3 Cr. 201338/1879.40 1000.15 %35.6 %27.1 % 10.0
Daikaffil Chemicals India Ltd 72.0 Cr. 120122/21.3 17.60.00 %11.6 %11.6 % 10.0
Industry Average1,182.09 Cr331.9151.96174.250.18%9.54%8.80%7.73

Mahickra Chemicals Ltd Quarterly Results

MonthMar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales40.1349.6944.5933.6952.8342.4059.9053.8849.1536.46
Expenses39.5049.0944.6132.7151.7040.8859.7053.3947.3335.68
Operating Profit0.630.60-0.020.981.131.520.200.491.820.78
OPM %1.57%1.21%-0.04%2.91%2.14%3.58%0.33%0.91%3.70%2.14%
Other Income1.072.421.930.902.081.262.672.461.250.77
Interest0.340.320.370.330.240.350.400.480.420.58
Depreciation0.050.040.060.050.060.110.140.240.310.28
Profit before tax1.312.661.481.502.912.322.332.232.340.69
Tax %30.53%33.83%16.22%29.33%28.87%28.45%27.90%28.70%27.35%28.99%
Net Profit0.911.751.251.052.061.671.681.591.700.49
EPS in Rs1.262.421.541.292.542.062.071.962.090.60

Last Updated: June 11, 2024, 3:01 am

Mahickra Chemicals Ltd Quarterly Chart

Mahickra Chemicals Ltd Profit & Loss

Last Updated: May 29, 2024, 8:01 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales19.5280.0294.2886.49102.28103.0185.61
Expenses18.7578.9893.7084.38100.53100.5283.01
Operating Profit0.771.040.582.111.752.492.60
OPM %3.94%1.30%0.62%2.44%1.71%2.42%3.04%
Other Income0.462.474.352.983.933.572.02
Interest0.240.530.690.570.780.951.00
Depreciation0.050.070.100.120.250.550.59
Profit before tax0.942.914.144.404.654.563.03
Tax %21.28%29.90%27.54%29.55%27.74%28.07%
Net Profit0.742.042.993.113.353.282.19
EPS in Rs1.442.823.683.834.124.042.69
Dividend Payout %0.00%0.00%8.15%5.22%15.76%16.09%

Mahickra Chemicals Ltd Profit & Loss Yearly Chart

Mahickra Chemicals Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-2%
3 Years:-6%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:-12%
3 Years:-30%
TTM:-68%
Stock Price CAGR
10 Years:%
5 Years:11%
3 Years:8%
1 Year:39%
Return on Equity
10 Years:%
5 Years:10%
3 Years:8%
Last Year:3%

Last Updated: June 5, 2024, 10:40 pm

Mahickra Chemicals Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5.137.238.128.128.128.128.12
Reserves2.647.8415.8618.8121.6324.3724.86
Borrowings6.344.805.5510.5610.0210.0814.49
Other Liabilities20.5023.2320.9020.2125.3922.0318.79
Total Liabilities34.6143.1050.4357.7065.1664.6066.26
Fixed Assets0.670.790.850.961.684.484.38
CWIP0.000.002.152.562.930.430.61
Investments0.000.000.000.000.000.050.05
Other Assets33.9442.3147.4354.1860.5559.6461.22
Total Assets34.6143.1050.4357.7065.1664.6066.26

Mahickra Chemicals Ltd Reserves and Borrowings Chart

Mahickra Chemicals Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -11.15-4.23-3.47-2.503.242.28
Cash from Investing Activity -0.72-0.20-2.50-0.63-1.44-0.91
Cash from Financing Activity 13.143.225.993.13-1.82-1.36
Net Cash Flow1.27-1.200.01-0.00-0.02-0.00

Mahickra Chemicals Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days312.83107.69106.04142.94135.96130.25
Inventory Days212.4442.2348.9870.9872.0677.95
Days Payable416.27111.0083.1889.2697.6983.37
Cash Conversion Cycle109.0038.9371.84124.65110.34124.83
Working Capital Days224.0186.89102.13142.39124.44132.24
ROCE %20.25%19.55%14.83%14.06%13.72%

Mahickra Chemicals Ltd Financial Efficiency Indicators Chart

Mahickra Chemicals Ltd Share Holding Pattern

MonthSep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
Promoters48.07%48.07%50.02%45.07%47.05%49.82%50.61%51.33%52.18%53.05%53.84%54.95%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.59%0.59%0.59%0.59%
DIIs0.17%0.00%0.00%2.88%2.88%2.88%2.88%0.59%0.00%0.00%0.00%0.00%
Public51.76%51.93%49.97%52.05%50.08%47.30%46.51%48.08%47.23%46.36%45.57%44.46%
No. of Shareholders234251272329341309327305312291303309

Mahickra Chemicals Ltd Shareholding Pattern Chart

No. of Mahickra Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Mahickra Chemicals Ltd ROCE Trend

Mahickra Chemicals Ltd EPS Trend

Mahickra Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)4.054.12
Diluted EPS (Rs.)4.054.12
Cash EPS (Rs.)4.724.43
Book Value[Excl.RevalReserv]/Share (Rs.)40.0136.63
Book Value[Incl.RevalReserv]/Share (Rs.)40.0136.63
Revenue From Operations / Share (Rs.)126.85125.95
PBDIT / Share (Rs.)7.396.95
PBIT / Share (Rs.)6.716.64
PBT / Share (Rs.)5.615.72
Net Profit / Share (Rs.)4.044.12
NP After MI And SOA / Share (Rs.)4.054.12
PBDIT Margin (%)5.825.52
PBIT Margin (%)5.295.27
PBT Margin (%)4.424.54
Net Profit Margin (%)3.183.27
NP After MI And SOA Margin (%)3.193.27
Return on Networth / Equity (%)10.1111.25
Return on Capital Employeed (%)16.1917.36
Return On Assets (%)5.085.13
Long Term Debt / Equity (X)0.020.03
Total Debt / Equity (X)0.310.33
Asset Turnover Ratio (%)1.590.00
Current Ratio (X)1.911.76
Quick Ratio (X)1.301.25
Inventory Turnover Ratio (X)4.980.00
Dividend Payout Ratio (NP) (%)16.0615.76
Dividend Payout Ratio (CP) (%)13.7414.66
Earning Retention Ratio (%)83.9484.24
Cash Earning Retention Ratio (%)86.2685.34
Interest Coverage Ratio (X)6.747.53
Interest Coverage Ratio (Post Tax) (X)4.685.46
Enterprise Value (Cr.)89.6379.02
EV / Net Operating Revenue (X)0.860.77
EV / EBITDA (X)14.9213.99
MarketCap / Net Operating Revenue (X)0.770.67
Retention Ratios (%)83.9384.23
Price / BV (X)2.452.32
Price / Net Operating Revenue (X)0.770.67
EarningsYield0.040.04

Mahickra Chemicals Ltd Profitability Ratios (%)

Mahickra Chemicals Ltd Liquidity Ratios

Mahickra Chemicals Ltd Liquidity Ratios (%)

Mahickra Chemicals Ltd Interest Coverage Ratios (%)

Mahickra Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 115.32

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: 2.97% compared to the current price 112

Intrinsic Value: 108.32

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.

Overvalued: 3.29% compared to the current price ₹112

Last 5 Year EPS CAGR: -6.08%

*Investments are subject to market risks

Strength and Weakness of Mahickra Chemicals Ltd Stock

StrengthWeakness
  1. The company has higher reserves (16.57 cr) compared to borrowings (8.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (81.60 cr) and profit (3.52 cr) over the years.
  1. The stock has a low average ROCE of 13.74%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 135.35, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 96.60, which may not be favorable.

FAQ

What is the latest fair value of Mahickra Chemicals Ltd?

The latest fair value of Mahickra Chemicals Ltd is ₹115.32.

What is the Market Cap of Mahickra Chemicals Ltd?

The Market Cap of Mahickra Chemicals Ltd is 91.0 Cr..

What is the current Stock Price of Mahickra Chemicals Ltd as on 23 June 2024?

The current stock price of Mahickra Chemicals Ltd as on 23 June 2024 is ₹112.

What is the High / Low of Mahickra Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mahickra Chemicals Ltd stocks is 159/78.2.

What is the Stock P/E of Mahickra Chemicals Ltd?

The Stock P/E of Mahickra Chemicals Ltd is 85.0.

What is the Book Value of Mahickra Chemicals Ltd?

The Book Value of Mahickra Chemicals Ltd is 41.0.

What is the Dividend Yield of Mahickra Chemicals Ltd?

The Dividend Yield of Mahickra Chemicals Ltd is 0.58 %.

What is the ROCE of Mahickra Chemicals Ltd?

The ROCE of Mahickra Chemicals Ltd is 6.25 %.

What is the ROE of Mahickra Chemicals Ltd?

The ROE of Mahickra Chemicals Ltd is 3.29 %.

What is the Face Value of Mahickra Chemicals Ltd?

The Face Value of Mahickra Chemicals 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 Mahickra Chemicals 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