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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Manaksia Coated Metals & Industries Ltd

About the Company - Manaksia Coated Metals & Industries Ltd

Manaksia Coated Metals & Industries 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 L27100WB2010PLC144409 and registration number is 144409. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company’s Total Operating Revenue is Rs. 647.73 Cr. and Equity Capital is Rs. 6.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium - Sheets/Coils/Wires8/1, Lal Bazar Street, Bikaner Building, Kolkata West Bengal 700001infomcmil@manaksia.com
http://www.manaksiacoatedmetals.com
Management
NamePosition Held
Mr. Siddhartha Shankar RoyChairman
Mr. Sushil Kumar AgrawalManaging Director
Mr. Siddhartha SenguptaIndependent Director
Mr. Karan AgrawalWhole Time Director
Mr. Debasis BanerjeeWhole Time Director
Mr. Probir Kumar ChaudhuryIndependent Director
Mr. Venkata Srinarayana AddankiWhole Time Director
Ms. Gargi SinghIndependent Director

Basic Stock Data of Manaksia Coated Metals & Industries Ltd

Last Updated: May 30, 2024, 5:51 am

Market Cap 435 Cr.
Current Price 58.6
High / Low60.7/15.0
Stock P/E38.7
Book Value 20.5
Dividend Yield0.05 %
ROCE14.9 %
ROE8.28 %
Face Value 1.00
PEG Ratio1.33

Competitors of Manaksia Coated Metals & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Arfin India Ltd 835 Cr. 49.562.7/24.4102 6.060.00 %13.6 %8.91 % 1.00
Industry Average835.00 Cr49.50102.006.060.00%13.60%8.91%1.00

Manaksia Coated Metals & Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales131.71142.05155.47214.6397.69179.96139.34148.73176.92186.85171.70194.53190.86
Expenses122.84131.36148.21205.8091.25167.66132.16141.29168.00177.78164.22182.04180.03
Operating Profit8.8710.697.268.836.4412.307.187.448.929.077.4812.4910.83
OPM %6.73%7.53%4.67%4.11%6.59%6.83%5.15%5.00%5.04%4.85%4.36%6.42%5.67%
Other Income1.27-0.712.283.041.631.612.161.630.645.764.261.383.28
Interest5.425.505.056.064.897.095.406.056.973.428.809.596.37
Depreciation2.262.262.222.232.202.242.312.312.302.272.292.312.31
Profit before tax2.462.222.273.580.984.581.630.710.299.140.651.975.43
Tax %8.54%25.68%27.31%25.14%26.53%21.62%58.90%-4.23%27.59%15.32%80.00%-2.03%25.41%
Net Profit2.251.651.652.670.723.580.670.740.217.740.122.014.05
EPS in Rs0.340.250.250.410.110.550.100.110.031.180.020.310.62

Last Updated: May 7, 2024, 11:54 pm

Manaksia Coated Metals & Industries Ltd Quarterly Chart

Manaksia Coated Metals & Industries Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales225269253265247446648652730
Expenses212256238242221413613619692
Operating Profit121415222633353338
OPM %5%5%6%8%10%7%5%5%5%
Other Income42341391012
Interest446141719232229
Depreciation10881099999
Profit before tax334218111212
Tax %-14%78%51%120%-250%22%24%20%
Net Profit312-0369910
EPS in Rs0.440.100.30-0.060.430.891.321.431.54
Dividend Payout %0%0%0%0%0%3%0%2%

Manaksia Coated Metals & Industries Ltd Profit & Loss Yearly Chart

Manaksia Coated Metals & Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:18%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:96%
3 Years:24%
TTM:98%
Stock Price CAGR
10 Years:%
5 Years:69%
3 Years:58%
1 Year:193%
Return on Equity
10 Years:%
5 Years:6%
3 Years:7%
Last Year:8%

Last Updated: May 25, 2024, 11:54 am

Manaksia Coated Metals & Industries Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital777777777
Reserves768082838793102113115
Borrowings5258124128138147178190186
Other Liabilities758997137150191198239233
Total Liabilities209234309354381438484548540
Fixed Assets73100157148144136130122118
CWIP45354474551404950
Investments000000000
Other Assets9198149158192252313377373
Total Assets209234309354381438484548540

Manaksia Coated Metals & Industries Ltd Reserves and Borrowings Chart

Manaksia Coated Metals & Industries Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3122-2249620-138
Cash from Investing Activity -13-25-33-43-0-69-7
Cash from Financing Activity -19361-13-5-126-6
Net Cash Flow-106-7022-4

Manaksia Coated Metals & Industries Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7256473537382724
Inventory Days435197171265163151180
Days Payable938489139188123103138
Cash Conversion Cycle22235467114787566
Working Capital Days424210779111716773
ROCE %5%5%8%8%11%13%10%

Manaksia Coated Metals & Industries Ltd Financial Efficiency Indicators Chart

Manaksia Coated Metals & Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters67.21%67.21%67.21%67.43%67.43%67.43%67.43%67.43%67.43%67.43%67.43%67.43%
FIIs0.00%0.00%0.00%0.00%0.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public32.79%32.79%32.79%32.57%32.39%32.57%32.57%32.56%32.57%32.58%32.57%32.57%
No. of Shareholders20,26620,56620,48520,79022,20036,36034,65433,83632,88831,90131,61831,334

Manaksia Coated Metals & Industries Ltd Shareholding Pattern Chart

No. of Manaksia Coated Metals & Industries Ltd Shareholders

This stock is not held by any mutual fund

Manaksia Coated Metals & Industries Ltd ROCE Trend

Manaksia Coated Metals & Industries Ltd EPS Trend

Manaksia Coated Metals & Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.431.320.890.43-0.06
Diluted EPS (Rs.)1.431.320.890.43-0.06
Cash EPS (Rs.)2.832.672.281.791.49
Book Value[Excl.RevalReserv]/Share (Rs.)18.2016.6015.2414.2313.61
Book Value[Incl.RevalReserv]/Share (Rs.)18.2016.6015.2414.2313.61
Revenue From Operations / Share (Rs.)99.4798.8468.1237.6840.36
PBDIT / Share (Rs.)5.826.625.484.144.04
PBIT / Share (Rs.)4.415.264.092.772.49
PBT / Share (Rs.)1.801.741.150.120.32
Net Profit / Share (Rs.)1.431.320.890.42-0.06
NP After MI And SOA / Share (Rs.)1.431.320.890.42-0.06
PBDIT Margin (%)5.846.698.0310.9810.01
PBIT Margin (%)4.435.326.007.356.17
PBT Margin (%)1.801.761.680.320.79
Net Profit Margin (%)1.431.331.311.13-0.15
NP After MI And SOA Margin (%)1.431.331.311.13-0.15
Return on Networth / Equity (%)7.847.935.862.99-0.46
Return on Capital Employeed (%)13.4216.3411.998.568.09
Return On Assets (%)1.701.781.330.73-0.11
Long Term Debt / Equity (X)0.640.610.710.720.69
Total Debt / Equity (X)1.531.531.381.411.33
Asset Turnover Ratio (%)1.271.411.100.670.76
Current Ratio (X)1.131.151.171.131.03
Quick Ratio (X)0.360.410.450.390.45
Inventory Turnover Ratio (X)2.533.062.601.962.84
Interest Coverage Ratio (X)1.751.881.861.561.86
Interest Coverage Ratio (Post Tax) (X)1.211.371.301.160.97
Enterprise Value (Cr.)259.60312.98199.63146.02151.72
EV / Net Operating Revenue (X)0.390.480.440.590.57
EV / EBITDA (X)6.817.215.565.385.73
MarketCap / Net Operating Revenue (X)0.140.260.170.100.14
Price / BV (X)0.811.570.770.260.42
Price / Net Operating Revenue (X)0.140.260.170.100.14
EarningsYield0.090.050.070.11-0.01

Manaksia Coated Metals & Industries Ltd Profitability Ratios (%)

Manaksia Coated Metals & Industries Ltd Liquidity Ratios

Manaksia Coated Metals & Industries Ltd Liquidity Ratios (%)

Manaksia Coated Metals & Industries Ltd Interest Coverage Ratios (%)

Manaksia Coated Metals & Industries Ltd Valuation Ratios

Fair Value

Fair Value: ₹65.72

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: 12.15% compared to the current price ₹58.6

Intrinsic Value: ₹84.82

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: 44.75% compared to the current price ₹58.6

Last 5 Year EPS CAGR: 29.07%

*Investments are subject to market risks

Strength and Weakness of Manaksia Coated Metals & Industries Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (415.00 cr) and profit (6.22 cr) over the years.
  1. The stock has a low average ROCE of 7.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 74.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.38, which may not be favorable.
  4. The company has higher borrowings (133.44) compared to reserves (92.33), which may suggest financial risk.

FAQ

What is the latest fair value of Manaksia Coated Metals & Industries Ltd?

The latest fair value of Manaksia Coated Metals & Industries Ltd is ₹65.72.

What is the Market Cap of Manaksia Coated Metals & Industries Ltd?

The Market Cap of Manaksia Coated Metals & Industries Ltd is 435 Cr..

What is the current Stock Price of Manaksia Coated Metals & Industries Ltd as on 30 May 2024?

The current stock price of Manaksia Coated Metals & Industries Ltd as on 30 May 2024 is ₹58.6.

What is the High / Low of Manaksia Coated Metals & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manaksia Coated Metals & Industries Ltd stocks is 60.7/15.0.

What is the Stock P/E of Manaksia Coated Metals & Industries Ltd?

The Stock P/E of Manaksia Coated Metals & Industries Ltd is 38.7.

What is the Book Value of Manaksia Coated Metals & Industries Ltd?

The Book Value of Manaksia Coated Metals & Industries Ltd is 20.5.

What is the Dividend Yield of Manaksia Coated Metals & Industries Ltd?

The Dividend Yield of Manaksia Coated Metals & Industries Ltd is 0.05 %.

What is the ROCE of Manaksia Coated Metals & Industries Ltd?

The ROCE of Manaksia Coated Metals & Industries Ltd is 14.9 %.

What is the ROE of Manaksia Coated Metals & Industries Ltd?

The ROE of Manaksia Coated Metals & Industries Ltd is 8.28 %.

What is the Face Value of Manaksia Coated Metals & Industries Ltd?

The Face Value of Manaksia Coated Metals & Industries 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 Coated Metals & 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