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

Fundamental Analysis of Manaksia Ltd

About the Company - Manaksia Ltd

Manaksia Ltd. is a Public Limited Listed company incorporated on 27/12/1984 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L74950WB1984PLC038336 and registration number is 038336. Currently Company is involved in the business activities of Wholesale of metals and metal ores. Company’s Total Operating Revenue is Rs. 62.78 Cr. and Equity Capital is Rs. 13.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers'Turner Morrison Building', 6 Lyons Range, Kolkata West Bengal 700001info@manaksia.com
http://www.manaksia.com
Management
NamePosition Held
Mr. Suresh Kumar AgrawalManaging Director
Dr. Kali Kumar ChaudhuriIndependent Director
Mrs. Nidhi BahetiIndependent Director
Mr. Vineet AgrawalNon Executive Director
Mr. Ramesh Kumar MaheshwariIndependent Director
Mr. Biswanath BhattacharjeeIndependent Director
Mr. Varun AgrawalNon Exe.Non Ind.Director

Manaksia Ltd. Share Price Update

Share PriceValue
Today₹113.55
Previous Day₹114.70

Basic Stock Data of Manaksia Ltd

Market Cap 759 Cr.
Current Price 116
High / Low194/99.1
Stock P/E7.00
Book Value 119
Dividend Yield5.20 %
ROCE16.0 %
ROE9.25 %
Face Value 2.00

Data Source: screener.in

Competitors of Manaksia Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shree Tirupati Balajee FIBC Ltd 501 Cr. 495546/99.930.2 74.00.00 %13.4 %15.8 % 10.0
Shree Rama Multi-Tech Ltd 394 Cr. 29.535.5/7.1637.9 7.280.00 %7.93 %18.6 % 5.00
SMVD Poly Pack Ltd 10.2 Cr. 10.216.2/7.60 31.90.00 %7.22 %1.51 % 10.0
Safari Industries (India) Ltd 9,671 Cr. 2,0332,315/92256.6 1080.09 %37.5 %34.4 % 2.00
VIP Industries Ltd 7,963 Cr. 561723/51380.8 50.40.80 %27.8 %29.0 % 2.00
Industry Average184.24 Cr219.5441.154.320.18%18.77%19.86%5.8

Manaksia Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales239217234273236306359309262289306236199
Expenses206185218231198242275256234262266206173
Operating Profit32321642386483522727393025
OPM %13%15%7%15%16%21%23%17%10%9%13%13%13%
Other Income8991218151511182425715
Interest1222233345424
Depreciation8877675566433
Profit before tax31301745487091543641573234
Tax %27%15%77%27%30%29%22%76%31%21%33%30%30%
Net Profit2326433335070132532382224
EPS in Rs3.273.590.414.675.127.7910.372.063.764.745.753.363.53

Manaksia Ltd Quarterly Chart

Manaksia Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9442,1091,6791,1281,0991,0419869908568611,1741,1651,030
Expenses1,6641,7421,3559289188648959067847609461,019908
Operating Profit280367324200181176918572101228146121
OPM %14%17%19%18%16%17%9%9%8%12%19%13%12%
Other Income-15-22644596666333607770
Interest595537282117181066101514
Depreciation831059362604844444232252115
Profit before tax123184200113104116126978896254187163
Tax %4%8%4%8%10%13%24%22%30%33%27%42%
Net Profit1181691911049410196756165186108116
EPS in Rs18.1625.9929.2115.7914.2415.3614.4811.168.959.1127.9516.3117.38
Dividend Payout %0%0%7%13%14%0%21%27%117%33%11%18%

Manaksia Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)43.22%13.02%-45.55%-9.62%7.45%-4.95%-21.88%-18.67%6.56%186.15%-41.94%
Change in YoY Net Profit Growth (%)0.00%-30.20%-58.57%35.93%17.06%-12.40%-16.92%3.21%25.22%179.60%-228.09%

Manaksia Ltd Growth

Compounded Sales Growth
10 Years:-6%
5 Years:3%
3 Years:11%
TTM:-27%
Compounded Profit Growth
10 Years:-7%
5 Years:1%
3 Years:20%
TTM:-21%
Stock Price CAGR
10 Years:7%
5 Years:26%
3 Years:29%
1 Year:-11%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:11%
Last Year:9%

Manaksia Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313131313
Reserves1,0831,2621,0761,0791,1938049761,0409469431,0491,111768
Borrowings398490143220141206524514521145876
Other Liabilities5303972209994243152171155164198211129
Total Liabilities2,0242,1631,4531,4121,4411,2661,1941,2691,1281,1721,3741,393986
Fixed Assets65664139736334624931026520917314112980
CWIP242252671111611910443432
Investments0203524346415238583630671469
Other Assets1,1261,267988934929973528585677413598591436
Total Assets2,0242,1631,4531,4121,4411,2661,1941,2691,1281,1721,3741,393986

Manaksia Ltd Reserves and Borrowings Chart

Manaksia Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 286176116113262481279-5-3727914053
Cash from Investing Activity -165-96-46-161-59-285-30313178-359-45-5
Cash from Financing Activity -136-76-7036-12153-188-33-973332-91
Net Cash Flow-154-1-1282249-212-2543-48127-43

Manaksia Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days515422292664253630252745
Inventory Days13414714518210776719194817531
Days Payable10365602729102324444371716
Cash Conversion Cycle8213510718410439648480698560
Working Capital Days110148160264241141102101150625342
ROCE %14%17%16%11%9%11%14%10%9%9%23%16%

Manaksia Ltd Financial Efficiency Indicators Chart

Manaksia Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs0.00%0.00%0.00%0.27%0.32%0.54%0.56%0.55%0.49%1.42%1.61%1.70%
Public25.07%25.07%25.07%24.79%24.75%24.53%24.51%24.52%24.56%23.64%23.48%23.36%
No. of Shareholders24,50523,86826,63526,08928,33628,38528,55327,79630,06325,92128,60534,020

Manaksia Ltd Shareholding Pattern Chart

No. of Manaksia Ltd Shareholders

This stock is not held by any mutual fund

Manaksia Ltd ROCE Trend

Manaksia Ltd EPS Trend

Manaksia Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)16.3027.939.108.9411.45
Diluted EPS (Rs.)16.3027.939.108.9411.45
Cash EPS (Rs.)19.6132.1914.7015.6918.15
Book Value[Excl.RevalReserv]/Share (Rs.)175.55165.82149.24148.93162.86
Book Value[Incl.RevalReserv]/Share (Rs.)175.55165.82149.24148.93162.86
Revenue From Operations / Share (Rs.)177.84179.16131.39130.63151.10
PBDIT / Share (Rs.)34.1044.0220.4020.6623.01
PBIT / Share (Rs.)30.9440.2515.5614.2916.31
PBT / Share (Rs.)28.5938.7714.6613.3714.76
Net Profit / Share (Rs.)16.4528.429.869.3211.45
NP After MI And SOA / Share (Rs.)16.3027.939.108.9411.16
PBDIT Margin (%)19.1724.5715.5215.8115.22
PBIT Margin (%)17.3922.4611.8410.9310.79
PBT Margin (%)16.0721.6411.1510.239.76
Net Profit Margin (%)9.2415.867.507.137.57
NP After MI And SOA Margin (%)9.1615.596.926.847.38
Return on Networth / Equity (%)9.4917.246.236.116.94
Return on Capital Employeed (%)17.1323.539.999.159.57
Return On Assets (%)7.6613.325.105.195.76
Total Debt / Equity (X)0.050.100.050.010.03
Asset Turnover Ratio (%)0.840.090.040.050.05
Current Ratio (X)5.884.746.378.106.06
Quick Ratio (X)5.554.145.506.584.89
Inventory Turnover Ratio (X)5.810.040.010.000.00
Dividend Payout Ratio (NP) (%)18.4010.740.00117.4126.88
Dividend Payout Ratio (CP) (%)15.419.460.0068.5416.80
Earning Retention Ratio (%)81.6089.260.00-17.4173.12
Cash Earning Retention Ratio (%)84.5990.540.0031.4683.20
Interest Coverage Ratio (X)14.5229.7122.6922.5714.80
Interest Coverage Ratio (Post Tax) (X)8.0020.1811.9711.188.37
Enterprise Value (Cr.)502.40365.96282.9741.10184.33
EV / Net Operating Revenue (X)0.430.310.320.040.18
EV / EBITDA (X)2.251.272.120.301.22
MarketCap / Net Operating Revenue (X)0.590.410.380.200.25
Retention Ratios (%)81.5989.250.00-17.4173.11
Price / BV (X)0.620.450.340.180.24
Price / Net Operating Revenue (X)0.590.410.380.200.25
EarningsYield0.150.370.180.320.28

Manaksia Ltd Profitability Ratios (%)

Manaksia Ltd Liquidity Ratios

Manaksia Ltd Liquidity Ratios (%)

Manaksia Ltd Interest Coverage Ratios (X)

Manaksia Ltd Valuation Ratios

Fair Value / Intrinsic Value of Manaksia Ltd

Fair Value: ₹81.06

The stock is overvalued by 30.12% compared to the current price ₹116

*Investments are subject to market risks

Strength and Weakness of Manaksia Ltd

StrengthWeakness
  1. The company has higher reserves (1,025.38 cr) compared to borrowings (154.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (284.85 cr) and profit (142.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.47 and average Dividend Yield of 14.68%.
  2. The stock has a low average ROCE of 13.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 131.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 91.08, which may not be favorable.

Should I Buy Manaksia Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Manaksia Ltd:
    1. Net Profit Margin: 9.24%
      • 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: 17.13% (Industry Average ROCE: 48.02%)
      • 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. Interest Coverage Ratio (Post Tax): 8.00
      • 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.
    4. Quick Ratio: 5.55
      • 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.
    5. ✓ Stock P/E: 6.91 (Industry average Stock P/E: 26.26)
      • 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.
    6. ✓ Total Debt / Equity: 0.05
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 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