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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

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

Manaksia Aluminium Company Ltd. Share Price Update

Share PriceValue
Today₹36.50
Previous Day₹37.86

Basic Stock Data of Manaksia Aluminium Company Ltd

Market Cap 216 Cr.
Current Price 33.0
High / Low46.0/19.1
Stock P/E42.8
Book Value 19.4
Dividend Yield0.15 %
ROCE10.2 %
ROE6.09 %
Face Value 1.00

Data Source: screener.in

Competitors of Manaksia Aluminium Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
National Aluminium Company Ltd 29,202 Cr. 159169/75.718.6 74.12.83 %15.1 %12.0 % 5.00
Maan Aluminium Ltd 850 Cr. 157176/35.521.3 27.40.48 %42.8 %46.6 % 5.00
MMP Industries Ltd 716 Cr. 282298/92.425.1 1060.35 %10.5 %8.59 % 10.0
Industry Average531.67 Cr199.3321.6769.171.22%22.8%22.4%6.67

Manaksia Aluminium Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales66.1666.3788.3081.0296.15130.35121.18120.97119.75105.55109.8891.4799.65
Expenses61.3559.7583.3274.7489.76123.02113.68113.06111.3096.97103.1483.4191.10
Operating Profit4.816.624.986.286.397.337.507.918.458.586.748.068.55
OPM %7.27%9.97%5.64%7.75%6.65%5.62%6.19%6.54%7.06%8.13%6.13%8.81%8.58%
Other Income0.740.331.850.110.070.110.240.150.280.172.830.190.35
Interest3.293.243.543.433.273.433.193.674.164.964.114.865.34
Depreciation1.481.501.481.501.501.501.661.731.771.751.861.911.97
Profit before tax0.782.211.811.461.692.512.892.662.802.043.601.481.59
Tax %0.00%0.00%-45.86%0.00%0.00%0.00%37.72%20.30%27.86%38.24%4.17%25.00%25.79%
Net Profit0.782.222.651.461.692.511.792.122.021.263.461.101.18
EPS in Rs0.120.340.400.220.260.380.270.320.310.190.530.170.18

Manaksia Aluminium Company Ltd Quarterly Chart

Manaksia Aluminium Company Ltd Profit & Loss

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales177297266238228276281275438466407
Expenses167293260234216260262261410435375
Operating Profit1146412162014283232
OPM %6%1%2%2%5%6%7%5%6%7%8%
Other Income11032231034
Interest4677791213131719
Depreciation36555556677
Profit before tax4-7-6-6245-49119
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:%
5 Years:15%
3 Years:18%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:43%
3 Years:8%
TTM:-30%
Stock Price CAGR
10 Years:%
5 Years:37%
3 Years:54%
1 Year:61%
Return on Equity
10 Years:%
5 Years:4%
3 Years:3%
Last Year:6%

Manaksia Aluminium Company Ltd Balance Sheet

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 2023
Cash from Operating Activity -49-8815154219-13813
Cash from Investing Activity 17-3-0-2-4-13-11-8-13-16
Cash from Financing Activity 3316-13-13-10-30-82152
Net Cash Flow04-501-10-00-0

Manaksia Aluminium Company Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days114345328283830553535
Inventory Days144107101134165132163226183159
Days Payable1231712182410810213210293
Cash Conversion Cycle1351241411441696391149115102
Working Capital Days194132151158172106111148112119
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 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.351.14-0.480.891.12
Diluted EPS (Rs.)1.351.14-0.480.891.12
Cash EPS (Rs.)2.442.080.411.721.88
Book Value[Excl.RevalReserv]/Share (Rs.)19.0917.7516.5917.0616.22
Book Value[Incl.RevalReserv]/Share (Rs.)19.0917.7516.5917.0616.22
Revenue From Operations / Share (Rs.)71.1666.5641.4542.9242.06
PBDIT / Share (Rs.)5.054.282.243.532.75
PBIT / Share (Rs.)3.973.341.342.702.00
PBT / Share (Rs.)1.691.30-0.600.780.61
Net Profit / Share (Rs.)1.351.14-0.480.891.12
PBDIT Margin (%)7.096.425.418.226.54
PBIT Margin (%)5.575.013.236.284.74
PBT Margin (%)2.381.95-1.471.821.46
Net Profit Margin (%)1.901.70-1.162.072.65
Return on Networth / Equity (%)7.086.41-2.905.226.89
Return on Capital Employeed (%)14.0313.266.0712.179.58
Return On Assets (%)2.342.00-0.982.212.89
Long Term Debt / Equity (X)0.340.270.190.150.12
Total Debt / Equity (X)1.151.090.950.630.61
Asset Turnover Ratio (%)1.241.260.921.091.16
Current Ratio (X)1.351.271.241.351.31
Quick Ratio (X)0.630.560.570.650.68
Inventory Turnover Ratio (X)2.352.481.982.482.73
Interest Coverage Ratio (X)1.962.101.151.841.99
Interest Coverage Ratio (Post Tax) (X)1.411.560.751.461.81
Enterprise Value (Cr.)258.99267.35146.4978.34104.93
EV / Net Operating Revenue (X)0.550.610.530.270.38
EV / EBITDA (X)7.829.549.963.395.81
MarketCap / Net Operating Revenue (X)0.280.350.200.050.17
Price / BV (X)1.061.350.510.140.44
Price / Net Operating Revenue (X)0.280.350.200.050.17
EarningsYield0.060.04-0.050.350.15

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 of Manaksia Aluminium Company Ltd Stock

Fair Value: ₹50.64

The stock is undervalued by 53.46% compared to the current price ₹33

*Investments are subject to market risks

Strength and Weakness of Manaksia Aluminium Company Ltd Stock

StrengthWeakness
  1. The company has higher reserves (104.64 cr) compared to borrowings (102.09 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (304.45 cr) and profit (1.91 cr) over the years.
  1. The stock has a low average ROCE of 4.60%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 140.30, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 123.30, which may not be favorable.

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