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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 Manaksia Aluminium Company Ltd

About the Company - Manaksia Aluminium Company Ltd

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
AluminiumBikaner Building, 3rd Floor, 8/1, 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

Basic Stock Data of Manaksia Aluminium Company Ltd

Last Updated: July 20, 2024, 10:53 pm

Market Cap 217 Cr.
Current Price 33.0
High / Low46.0/22.0
Stock P/E42.5
Book Value 19.8
Dividend Yield0.15 %
ROCE9.85 %
ROE3.99 %
Face Value 1.00
PEG Ratio11.33

Data Source: screener.in

Competitors of Manaksia Aluminium Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Maan Aluminium Ltd 733 Cr. 135176/63.022.4 30.20.55 %24.9 %22.3 % 5.00
Bothra Metals & Alloys Ltd 22.0 Cr. 11.917.8/5.5676.0 9.290.00 %3.41 %1.71 % 10.0
National Aluminium Company Ltd 34,222 Cr. 186210/86.219.4 79.32.42 %17.0 %12.7 % 5.00
MMP Industries Ltd 757 Cr. 298323/18323.9 1140.34 %13.4 %11.6 % 10.0
Industry Average8,933.50 Cr157.7335.4358.200.83%14.68%12.08%7.50

Manaksia Aluminium Company Ltd Quarterly Results

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: July 11, 2024, 8:53 am

Manaksia Aluminium Company Ltd Quarterly Chart

Manaksia Aluminium Company Ltd Profit & Loss

Last Updated: July 10, 2024, 3:57 pm

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%

Manaksia Aluminium Company Ltd Profit & Loss Yearly Chart

Manaksia Aluminium Company Ltd 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:-31%
Stock Price CAGR
10 Years:%
5 Years:45%
3 Years:23%
1 Year:25%
Return on Equity
10 Years:1%
5 Years:4%
3 Years:6%
Last Year:4%

Last Updated: July 17, 2024, 5:27 pm

Manaksia Aluminium Company Ltd Balance Sheet

Last Updated: July 10, 2024, 3:57 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital07777777777
Reserves114101969192100105102110119121
Borrowings791019589866674110127144152
Other Liabilities69343135378178104129109138
Total Liabilities262243229222222253264322372379417
Fixed Assets959893898479969399108108
CWIP12666111888667
Investments00000000000
Other Assets155139130126127156161221267265303
Total Assets262243229222222253264322372379417

Manaksia Aluminium Company Ltd Reserves and Borrowings Chart

Manaksia Aluminium Company Ltd 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

Manaksia Aluminium Company Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11434532828383055353540
Inventory Days144107101134165132163226183159195
Days Payable1231712182410810213210293114
Cash Conversion Cycle1351241411441696391149115102121
Working Capital Days194132151158172106111148112119151
ROCE %-1%0%1%5%7%10%4%10%10%

Manaksia Aluminium Company Ltd Financial Efficiency Indicators Chart

Manaksia Aluminium Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters71.99%71.99%71.99%71.99%72.86%72.86%72.86%72.86%72.86%72.86%72.86%72.86%
Public28.01%28.01%28.01%28.01%27.14%27.14%27.15%27.14%27.14%27.14%27.13%27.14%
No. of Shareholders20,02522,83022,46226,48029,05030,24531,89532,39731,45930,47430,78130,727

Manaksia Aluminium Company Ltd Shareholding Pattern Chart

No. of Manaksia Aluminium Company Ltd Shareholders

This stock is not held by any mutual fund

Manaksia Aluminium Company Ltd ROCE Trend

Manaksia Aluminium Company Ltd EPS Trend

Manaksia Aluminium Company Ltd 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

Manaksia Aluminium Company Ltd Profitability Ratios (%)

Manaksia Aluminium Company Ltd Liquidity Ratios

Manaksia Aluminium Company Ltd Liquidity Ratios (%)

Manaksia Aluminium Company Ltd Interest Coverage Ratios (%)

Manaksia Aluminium Company Ltd Valuation Ratios

Fair Value

Fair Value: 33.63

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: 1.90% compared to the current price 33

Intrinsic Value: 34.89

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: 5.72% compared to the current price 33

Last 5 Year EPS CAGR: 3.75%

*Investments are subject to market risks

Strength and Weakness of Manaksia Aluminium Company Ltd Stock

StrengthWeakness
  1. The company has higher reserves (104.82 cr) compared to borrowings (103.91 cr), indicating strong financial stability.
  2. 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 4.18%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 141.27, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 123.09, which may not be favorable.

FAQ

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

The latest fair value of Manaksia Aluminium Company Ltd is ₹33.63.

What is the Market Cap of Manaksia Aluminium Company Ltd?

The Market Cap of Manaksia Aluminium Company Ltd is 217 Cr..

What is the current Stock Price of Manaksia Aluminium Company Ltd as on 21 July 2024?

The current stock price of Manaksia Aluminium Company Ltd as on 21 July 2024 is 33.0.

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 46.0/22.0.

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

The Stock P/E of Manaksia Aluminium Company Ltd is 42.5.

What is the Book Value of Manaksia Aluminium Company Ltd?

The Book Value of Manaksia Aluminium Company Ltd is 19.8.

What is the Dividend Yield of Manaksia Aluminium Company Ltd?

The Dividend Yield of Manaksia Aluminium Company Ltd is 0.15 %.

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