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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Manaksia Aluminium Company Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:32 pm

Market Cap 176 Cr.
Current Price 26.8
High / Low46.0/22.6
Stock P/E33.8
Book Value 20.1
Dividend Yield0.26 %
ROCE9.85 %
ROE3.99 %
Face Value 1.00
PEG Ratio9.01

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

View Share Price Target for Manaksia Aluminium Company Ltd

Competitors of Manaksia Aluminium Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Galada Power & Telecommunication Ltd 2.12 Cr. 2.83/2.14 24.10.00 %37.3 %% 10.0
Bothra Metals & Alloys Ltd 19.2 Cr. 10.417.8/7.5051.8 10.60.00 %3.79 %1.70 % 10.0
National Aluminium Company Ltd 40,382 Cr. 220248/90.114.2 86.32.27 %17.0 %12.6 % 5.00
MMP Industries Ltd 839 Cr. 330458/18323.2 1200.45 %13.4 %11.6 % 10.0
Manaksia Aluminium Company Ltd 176 Cr. 26.846.0/22.633.8 20.10.26 %9.85 %3.99 % 1.00
Industry Average36,634.20 Cr194.8624.31114.900.51%16.79%10.40%6.00

All Competitor Stocks of Manaksia Aluminium Company Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales66.3788.3081.0296.15130.35121.18120.97119.75108.23109.8891.47112.60103.48
Expenses59.7583.3274.7489.76123.02113.68113.06111.3099.65103.1483.41104.0594.27
Operating Profit6.624.986.286.397.337.507.918.458.586.748.068.559.21
OPM %9.97%5.64%7.75%6.65%5.62%6.19%6.54%7.06%7.93%6.13%8.81%7.59%8.90%
Other Income0.331.850.110.070.110.240.150.280.172.830.190.350.21
Interest3.243.543.433.273.433.193.674.164.964.114.865.345.81
Depreciation1.501.481.501.501.501.661.731.771.751.861.911.971.98
Profit before tax2.211.811.461.692.512.892.662.802.043.601.481.591.63
Tax %0.00%-45.86%0.00%0.00%0.00%37.72%20.30%27.86%38.24%4.17%25.00%25.79%23.93%
Net Profit2.222.651.461.692.511.792.122.021.263.461.101.181.23
EPS in Rs0.340.400.220.260.380.270.320.310.190.530.170.180.19

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales177297266238228276281275438466417
Expenses167293260234216260262261410435385
Operating Profit1146412162014283233
OPM %6%1%2%2%5%6%7%5%6%7%8%
Other Income11032231034
Interest4677791213131720
Depreciation36555556678
Profit before tax4-7-6-6245-49118
Tax %44%15%21%4%40%-82%-14%21%13%20%
Net Profit3-6-5-5176-3797
EPS in Rs50.20-0.95-0.77-0.820.191.120.89-0.481.141.351.07
Dividend Payout %0%0%0%0%0%0%0%0%0%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-300.00%16.67%0.00%120.00%600.00%-14.29%-150.00%333.33%28.57%
Change in YoY Net Profit Growth (%)0.00%316.67%-16.67%120.00%480.00%-614.29%-135.71%483.33%-304.76%

Manaksia Aluminium Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:16%
TTM:7%
Compounded Profit Growth
10 Years:7%
5 Years:-6%
3 Years:53%
TTM:2%
Stock Price CAGR
10 Years:%
5 Years:42%
3 Years:17%
1 Year:13%
Return on Equity
10 Years:1%
5 Years:4%
3 Years:6%
Last Year:4%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.0577777777777
Reserves114101969192100105102110119123125
Borrowings791019589866674110127144172213
Other Liabilities69343135378178104129109116125
Total Liabilities262243229222222253264322372379418470
Fixed Assets959893898479969399108111107
CWIP12666111888661025
Investments000000000001
Other Assets155139130126127156161221267265296337
Total Assets262243229222222253264322372379418470

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-49-8815154219-138136
Cash from Investing Activity +17-3-0-2-4-13-11-8-13-16-11
Cash from Financing Activity +3316-13-13-10-30-821525
Net Cash Flow04-501-10-00-00

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-68.00-97.00-89.00-85.00-74.00-50.00-54.00-96.00-99.00-112.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11434532828383055353440
Inventory Days144107101134165132163226183151195
Days Payable1231712182410810213210288114
Cash Conversion Cycle135124141144169639114911597121
Working Capital Days194132151158172106111148112115151
ROCE %-1%0%1%5%7%10%4%10%10%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.99%71.99%72.86%72.86%72.86%72.86%72.86%72.86%72.86%72.86%72.86%72.86%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.02%
Public28.01%28.01%27.14%27.14%27.15%27.14%27.14%27.14%27.13%27.14%27.13%27.13%
No. of Shareholders22,46226,48029,05030,24531,89532,39731,45930,47430,78130,72732,80830,068

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
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.781.351.14-0.480.89
Diluted EPS (Rs.)0.781.351.14-0.480.89
Cash EPS (Rs.)1.972.442.080.411.72
Book Value[Excl.RevalReserv]/Share (Rs.)19.8119.0917.7516.5917.06
Book Value[Incl.RevalReserv]/Share (Rs.)19.8119.0917.7516.5917.06
Dividend / Share (Rs.)0.070.000.000.000.00
Revenue From Operations / Share (Rs.)66.0071.1666.5641.4542.92
PBDIT / Share (Rs.)5.495.054.282.243.53
PBIT / Share (Rs.)4.303.973.341.342.70
PBT / Share (Rs.)1.001.691.30-0.600.78
Net Profit / Share (Rs.)0.771.351.14-0.480.89
PBDIT Margin (%)8.327.096.425.418.22
PBIT Margin (%)6.505.575.013.236.28
PBT Margin (%)1.522.381.95-1.471.82
Net Profit Margin (%)1.171.901.70-1.162.07
Return on Networth / Equity (%)3.917.086.41-2.905.22
Return on Capital Employeed (%)16.0614.0313.266.0712.17
Return On Assets (%)1.212.342.00-0.982.21
Long Term Debt / Equity (X)0.250.340.270.190.15
Total Debt / Equity (X)1.331.151.090.950.63
Asset Turnover Ratio (%)1.091.241.260.921.09
Current Ratio (X)1.211.351.271.241.35
Quick Ratio (X)0.550.630.560.570.65
Inventory Turnover Ratio (X)2.092.352.481.982.48
Interest Coverage Ratio (X)1.671.962.101.151.84
Interest Coverage Ratio (Post Tax) (X)1.241.411.560.751.46
Enterprise Value (Cr.)328.66258.99267.35146.4978.34
EV / Net Operating Revenue (X)0.750.550.610.530.27
EV / EBITDA (X)9.137.829.549.963.39
MarketCap / Net Operating Revenue (X)0.380.280.350.200.05
Price / BV (X)1.301.061.350.510.14
Price / Net Operating Revenue (X)0.380.280.350.200.05
EarningsYield0.030.060.04-0.050.35

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Manaksia Aluminium Company Ltd as of November 17, 2024 is: 27.18

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 17, 2024, Manaksia Aluminium Company Ltd is Undervalued by 1.42% compared to the current share price 26.80

Intrinsic Value of Manaksia Aluminium Company Ltd as of November 17, 2024 is: 28.20

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 17, 2024, Manaksia Aluminium Company Ltd is Undervalued by 5.22% compared to the current share price 26.80

Last 5 Year EPS CAGR: 3.75%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (305.36 cr) and profit (1.82 cr) over the years.
  1. The stock has a low average ROCE of 5.09%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 140.91, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 122.64, which may not be favorable.
  4. The company has higher borrowings (113.00) compared to reserves (106.50), 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 Manaksia Aluminium Company Ltd:
    1. Net Profit Margin: 1.17%
      • 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: 16.06% (Industry Average ROCE: 16.79%)
      • 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%: 3.91% (Industry Average ROE: 8.91%)
      • 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): 1.24
      • 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: 33.8 (Industry average Stock P/E: 24.31)
      • 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: 1.33
      • 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 Aluminium Company Ltd. is a Public Limited Listed company incorporated on 25/03/2010 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27100WB2010PLC144405 and registration number is 144405. Currently Company is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs. 436.22 Cr. and Equity Capital is Rs. 6.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium8/1, Lalbazar Street, Kolkata West Bengal 700001investor@malcoindia.co.in
http://www.manaksiaaluminium.com
Management
NamePosition Held
Mr. Ajay Kumar ChakrabortyChairman
Mr. Sunil Kumar AgrawalManaging Director
Mr. Anirudha AgrawalDirector
Mr. Chandan AmbalyDirector
Mr. Debasis BanerjeeDirector
Mr. Shuvendu Sekhar MohantyDirector
Ms. Suprity BiswasDirector

FAQ

What is the latest intrinsic value of Manaksia Aluminium Company Ltd?

The latest intrinsic value of Manaksia Aluminium Company Ltd as on 17 November 2024 is ₹27.18, which is 1.42% higher than the current market price of ₹26.80.

What is the Market Cap of Manaksia Aluminium Company Ltd?

The Market Cap of Manaksia Aluminium Company Ltd is 176 Cr..

What is the current Stock Price of Manaksia Aluminium Company Ltd as on 17 November 2024?

The current stock price of Manaksia Aluminium Company Ltd as on 17 November 2024 is ₹26.8.

What is the High / Low of Manaksia Aluminium Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manaksia Aluminium Company Ltd stocks is 46.0/22.6.

What is the Stock P/E of Manaksia Aluminium Company Ltd?

The Stock P/E of Manaksia Aluminium Company Ltd is 33.8.

What is the Book Value of Manaksia Aluminium Company Ltd?

The Book Value of Manaksia Aluminium Company Ltd is 20.1.

What is the Dividend Yield of Manaksia Aluminium Company Ltd?

The Dividend Yield of Manaksia Aluminium Company Ltd is 0.26 %.

What is the ROCE of Manaksia Aluminium Company Ltd?

The ROCE of Manaksia Aluminium Company Ltd is 9.85 %.

What is the ROE of Manaksia Aluminium Company Ltd?

The ROE of Manaksia Aluminium Company Ltd is 3.99 %.

What is the Face Value of Manaksia Aluminium Company Ltd?

The Face Value of Manaksia Aluminium Company Ltd is 1.00.

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 Aluminium Company 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