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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mangalore Chemicals & Fertilizers Ltd

About the Company - Mangalore Chemicals & Fertilizers Ltd

Mangalore Chemicals & Fertilizers Ltd. is a Public Limited Listed company incorporated on 18/07/1966 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L24123KA1966PLC002036 and registration number is 002036. Currently company belongs to the Industry of Fertilisers. Company’s Total Operating Revenue is Rs. 2895.58 Cr. and Equity Capital is Rs. 118.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersLevel 11, UB Tower, UB City, Bengaluru Karnataka 560001shares.mcfl@adventz.com
http://www.mangalorechemicals.com
Management
NamePosition Held
Mr. Akshay PoddarChairman & Ind.Director
Mr. Shubhabrata SahaManaging Director
Mr. D A PrasannaIndependent Director
Mrs. Rita MenonIndependent Director
Mr. Marco WadiaIndependent Director
Mr. Nitin M KantakDirector

Mangalore Chemicals & Fertilizers Ltd. Share Price Update

Share PriceValue
Today₹119.65
Previous Day₹122.85

Basic Stock Data of Mangalore Chemicals & Fertilizers Ltd

Market Cap 1,541 Cr.
Current Price 130
High / Low156/72.4
Stock P/E7.05
Book Value 76.1
Dividend Yield1.15 %
ROCE13.5 %
ROE18.7 %
Face Value 10.0

Data Source: screener.in

Competitors of Mangalore Chemicals & Fertilizers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat State Fertilizer & Chemicals Ltd 9,209 Cr. 231322/11612.4 3074.33 %13.4 %10.9 % 2.00
Nagarjuna Fertilizers & Chemicals Ltd 767 Cr. 12.815.8/7.81 50.20.00 %56.6 %% 1.00
Southern Petrochemicals Industries Corporation Ltd (SPIC) 1,882 Cr. 92.4108/52.011.6 52.41.59 %29.6 %35.9 % 10.0
Zuari Agro Chemicals Ltd 938 Cr. 223260/1163.02 3790.00 %10.2 %12.8 % 10.0
Aries Agro Ltd 360 Cr. 277318/14423.5 2000.36 %14.2 %6.83 % 10.0
Industry Average2,631.20 Cr167.2410.10197.721.26%24.80%13.29%6.60

Mangalore Chemicals & Fertilizers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6893275986877287627191,0212831,1731,1649581,410
Expenses6013045526326636966959583061,0331,0368421,269
Operating Profit8823475565662463-22141128116141
OPM %13%7%8%8%9%9%3%6%-8%12%11%12%10%
Other Income874665866711710
Interest22171111131116192133313028
Depreciation11121613131312131317171717
Profit before tax63124384647437-49979276106
Tax %35%25%39%36%36%34%16%38%35%21%26%35%36%
Net Profit41115242931323-3276684968
EPS in Rs3.420.071.242.052.452.620.291.92-2.726.435.734.165.71

Mangalore Chemicals & Fertilizers Ltd Quarterly Chart

Mangalore Chemicals & Fertilizers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,7072,7803,3102,5772,9692,4792,6893,0742,7112,1442,8963,6424,173
Expenses3,5112,6053,0902,4132,8572,3062,5312,8822,5041,9362,6803,3273,705
Operating Profit196175221163112174158191207208216315468
OPM %5%6%7%6%4%7%6%6%8%10%7%9%11%
Other Income1310410-21383992024192540
Interest7787102126115116841111117749104112
Depreciation29292929323537394550516070
Profit before tax102699418-24830755070106135176325
Tax %33%4%24%-105%3%36%19%34%8%36%35%24%
Net Profit69677138-240196133656788135218
EPS in Rs5.835.625.983.17-20.261.645.112.775.455.667.4111.3618.38
Dividend Payout %21%21%20%19%0%31%20%36%9%18%16%13%

Mangalore Chemicals & Fertilizers Ltd Profit & Loss Yearly Chart

Mangalore Chemicals & Fertilizers Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:6%
3 Years:10%
TTM:31%
Compounded Profit Growth
10 Years:8%
5 Years:17%
3 Years:27%
TTM:210%
Stock Price CAGR
10 Years:7%
5 Years:29%
3 Years:27%
1 Year:51%
Return on Equity
10 Years:10%
5 Years:14%
3 Years:15%
Last Year:19%

Mangalore Chemicals & Fertilizers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital119119119119119119119119119119119119119
Reserves417465517541286305359377427489565685784
Borrowings1,3241,2291,5221,1081,3851,2031,3671,7131,5068841,3631,377979
Other Liabilities436473475670664610664710751506675479737
Total Liabilities2,2962,2862,6332,4382,4532,2372,5082,9182,8031,9972,7212,6592,618
Fixed Assets3654744976206436256116136085995731,0771,050
CWIP1271212991313333546783171456
Investments-0200200200-0-0-0-0-0-0-0-0-0
Other Assets1,8041,6011,8071,6091,7971,5991,8642,2702,1491,3201,8311,5681,512
Total Assets2,2962,2862,6332,4382,4532,2372,5082,9182,8031,9972,7212,6592,618

Mangalore Chemicals & Fertilizers Ltd Reserves and Borrowings Chart

Mangalore Chemicals & Fertilizers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -816324-22613-13633733-262629962-87192
Cash from Investing Activity -134-225-154-56-53-13-40-59-65-121-187-243
Cash from Financing Activity 1,046-197173-550180-27060250-393-702404-101
Net Cash Flow95-99-38-105554-71171139130-152

Mangalore Chemicals & Fertilizers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3324193360183161186195878476
Inventory Days30492365381422378949488737
Days Payable426743988623531284114888237
Cash Conversion Cycle217-10129086190130478976
Working Capital Days112151150128134135145175143628178
ROCE %14%9%10%7%5%9%9%8%9%10%11%14%

Mangalore Chemicals & Fertilizers Ltd Financial Efficiency Indicators Chart

Mangalore Chemicals & Fertilizers Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters60.02%60.02%60.02%60.21%60.34%60.47%60.54%60.55%60.63%60.63%60.63%60.63%
FIIs1.34%0.95%0.34%1.75%3.49%4.00%2.58%2.25%0.13%0.86%0.84%1.11%
DIIs0.20%0.19%0.19%0.20%0.19%0.19%0.19%0.19%0.19%0.19%0.19%0.19%
Government2.77%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%
Public35.68%37.95%38.56%36.96%35.09%34.45%35.80%36.12%38.17%37.43%37.44%37.18%
No. of Shareholders53,90555,74567,20068,83564,37859,72760,95857,19858,11254,49253,18552,562

Mangalore Chemicals & Fertilizers Ltd Shareholding Pattern Chart

No. of Mangalore Chemicals & Fertilizers Ltd Shareholders

This stock is not held by any mutual fund

Mangalore Chemicals & Fertilizers Ltd ROCE Trend

Mangalore Chemicals & Fertilizers Ltd EPS Trend

Mangalore Chemicals & Fertilizers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.367.415.665.452.77
Diluted EPS (Rs.)11.367.415.665.452.77
Cash EPS (Rs.)16.3911.689.909.276.04
Book Value[Excl.RevalReserv]/Share (Rs.)67.7557.6251.2246.0241.77
Book Value[Incl.RevalReserv]/Share (Rs.)67.7557.6251.2246.0241.77
Dividend / Share (Rs.)1.501.201.000.501.00
Revenue From Operations / Share (Rs.)307.18244.25180.86228.67259.27
PBDIT / Share (Rs.)28.6919.7919.6319.1716.86
PBIT / Share (Rs.)23.6515.5315.3915.3513.59
PBT / Share (Rs.)14.8511.368.905.944.23
Net Profit / Share (Rs.)11.367.415.665.452.77
PBDIT Margin (%)9.338.1010.858.386.50
PBIT Margin (%)7.706.358.506.715.24
PBT Margin (%)4.834.654.922.591.63
Net Profit Margin (%)3.693.033.122.381.06
Return on Networth / Equity (%)16.7612.8611.0411.836.64
Return on Capital Employeed (%)22.3918.6922.9022.8820.02
Return On Assets (%)5.063.233.362.301.12
Long Term Debt / Equity (X)0.440.310.240.400.54
Total Debt / Equity (X)1.691.961.332.633.36
Asset Turnover Ratio (%)1.351.230.890.941.13
Current Ratio (X)1.101.041.031.041.06
Quick Ratio (X)0.930.790.870.910.80
Inventory Turnover Ratio (X)5.956.125.193.573.36
Dividend Payout Ratio (NP) (%)10.5613.488.8318.3536.04
Dividend Payout Ratio (CP) (%)7.318.565.0410.7816.53
Earning Retention Ratio (%)89.4486.5291.1781.6563.96
Cash Earning Retention Ratio (%)92.6991.4494.9689.2283.47
Interest Coverage Ratio (X)3.264.753.032.041.80
Interest Coverage Ratio (Post Tax) (X)2.292.781.871.581.30
Enterprise Value (Cr.)2154.301808.661250.521492.352101.08
EV / Net Operating Revenue (X)0.590.620.580.550.68
EV / EBITDA (X)6.337.715.376.5710.51
MarketCap / Net Operating Revenue (X)0.310.350.390.100.15
Retention Ratios (%)89.4386.5191.1681.6463.95
Price / BV (X)1.451.501.390.520.98
Price / Net Operating Revenue (X)0.310.350.390.100.15
EarningsYield0.110.080.070.220.06

Mangalore Chemicals & Fertilizers Ltd Profitability Ratios (%)

Mangalore Chemicals & Fertilizers Ltd Liquidity Ratios

Mangalore Chemicals & Fertilizers Ltd Liquidity Ratios (%)

Mangalore Chemicals & Fertilizers Ltd Interest Coverage Ratios (%)

Mangalore Chemicals & Fertilizers Ltd Valuation Ratios

Fair Value of Mangalore Chemicals & Fertilizers Ltd Stock

Fair Value: ₹101.48

The stock is overvalued by 21.94% compared to the current price ₹130

*Investments are subject to market risks

Strength and Weakness of Mangalore Chemicals & Fertilizers Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (2.46 cr) and profit (77.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 20.83 and average Dividend Yield of 6.90%.
  2. The stock has a low average ROCE of 9.58%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 124.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 62.25, which may not be favorable.
  5. The company has higher borrowings (1,304.62) compared to reserves (478.23), which may suggest financial risk.

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 Mangalore Chemicals & Fertilizers 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