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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Nitin M KantakWhole Time Director
Mr. D A PrasannaIndependent Director
Mr. Kiran DhingraIndependent Director
Mr. Marco WadiaIndependent Director
Mr. N Suresh KrishnanDirector

Basic Stock Data of Mangalore Chemicals & Fertilizers Ltd

Last Updated: July 24, 2024, 10:59 pm

Market Cap 1,452 Cr.
Current Price 122
High / Low156/94.4
Stock P/E9.38
Book Value 79.3
Dividend Yield1.22 %
ROCE16.6 %
ROE17.8 %
Face Value 10.0
PEG Ratio0.34

Data Source: screener.in

Competitors of Mangalore Chemicals & Fertilizers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bharat Agri Fert & Realty Ltd 525 Cr. 99.4132/77.0 9.970.00 %6.14 %14.8 % 1.00
Basant Agro Tech (India) Ltd 192 Cr. 21.228.9/17.748.5 19.20.38 %6.35 %2.30 % 1.00
Zuari Agro Chemicals Ltd 865 Cr. 206260/1358.67 4030.00 %11.1 %6.10 % 10.0
Southern Petrochemicals Industries Corporation Ltd (SPIC) 1,752 Cr. 86.0108/62.012.0 52.81.74 %17.5 %14.1 % 10.0
Sikko Industries Ltd 174 Cr. 104118/54.642.9 16.60.14 %20.6 %15.7 % 10.0
Industry Average8,848.94 Cr324.4241.48160.661.09%17.57%10.74%7.56

Mangalore Chemicals & Fertilizers Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3275986877287627191,0212831,1731,1649581,410641
Expenses3045526326636966959583061,0331,0368421,269559
Operating Profit23475565662463-2214112811614182
OPM %7%8%8%9%9%3%6%-8%12%11%12%10%13%
Other Income7466586671171011
Interest17111113111619213331302823
Depreciation12161313131213131717171718
Profit before tax124384647437-4997927610651
Tax %25%39%36%36%34%16%38%35%21%26%35%36%35%
Net Profit115242931323-327668496833
EPS in Rs0.071.242.052.452.620.291.92-2.726.435.734.165.712.78

Last Updated: July 11, 2024, 9:15 am

Mangalore Chemicals & Fertilizers Ltd Quarterly Chart

Mangalore Chemicals & Fertilizers Ltd Profit & Loss

Last Updated: July 10, 2024, 7:33 pm

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:1%
5 Years:4%
3 Years:21%
TTM:4%
Compounded Profit Growth
10 Years:8%
5 Years:35%
3 Years:31%
TTM:12%
Stock Price CAGR
10 Years:5%
5 Years:32%
3 Years:13%
1 Year:16%
Return on Equity
10 Years:11%
5 Years:16%
3 Years:17%
Last Year:18%

Last Updated: July 25, 2024, 5:42 am

Mangalore Chemicals & Fertilizers Ltd Balance Sheet

Last Updated: July 10, 2024, 7:33 pm

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
Investments0200200200000000000
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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 324-22613-13633733-262629962-87192496
Cash from Investing Activity -225-154-56-53-13-40-59-65-121-187-243-82
Cash from Financing Activity -197173-550180-27060250-393-702404-101-464
Net Cash Flow-99-38-105554-71171139130-152-50

Mangalore Chemicals & Fertilizers Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2419336018316118619587847658
Inventory Days49236538142237894948873726
Days Payable674398862353128411488823723
Cash Conversion Cycle7-1012908619013047897661
Working Capital Days15115012813413514517514362817862
ROCE %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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters60.21%60.34%60.47%60.54%60.55%60.63%60.63%60.63%60.63%60.63%60.63%60.63%
FIIs1.75%3.49%4.00%2.58%2.25%0.13%0.86%0.84%1.11%1.61%1.84%1.45%
DIIs0.20%0.19%0.19%0.19%0.19%0.19%0.19%0.19%0.19%2.12%2.00%4.66%
Government0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%0.89%
Public36.96%35.09%34.45%35.80%36.12%38.17%37.43%37.44%37.18%34.76%34.64%32.37%
No. of Shareholders68,83564,37859,72760,95857,19858,11254,49253,18552,56253,25468,70169,213

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.0611.367.415.665.45
Diluted EPS (Rs.)13.0611.367.415.665.45
Cash EPS (Rs.)19.1016.3911.689.909.27
Book Value[Excl.RevalReserv]/Share (Rs.)79.2767.7557.6251.2246.02
Book Value[Incl.RevalReserv]/Share (Rs.)79.2767.7557.6251.2246.02
Dividend / Share (Rs.)1.501.501.201.000.50
Revenue From Operations / Share (Rs.)320.16307.18244.25180.86228.67
PBDIT / Share (Rs.)35.1928.6919.7919.6319.17
PBIT / Share (Rs.)29.1523.6515.5315.3915.35
PBT / Share (Rs.)20.3014.8511.368.905.94
Net Profit / Share (Rs.)13.0611.367.415.665.45
PBDIT Margin (%)10.999.338.1010.858.38
PBIT Margin (%)9.107.706.358.506.71
PBT Margin (%)6.344.834.654.922.59
Net Profit Margin (%)4.073.693.033.122.38
Return on Networth / Equity (%)16.4716.7612.8611.0411.83
Return on Capital Employeed (%)25.1522.3918.6922.9022.88
Return On Assets (%)6.365.063.233.362.30
Long Term Debt / Equity (X)0.330.440.310.240.40
Total Debt / Equity (X)1.111.691.961.332.63
Asset Turnover Ratio (%)1.491.351.230.890.94
Current Ratio (X)1.231.101.041.031.04
Quick Ratio (X)1.080.930.790.870.91
Inventory Turnover Ratio (X)9.055.956.125.193.57
Dividend Payout Ratio (NP) (%)0.0010.5613.488.8318.35
Dividend Payout Ratio (CP) (%)0.007.318.565.0410.78
Earning Retention Ratio (%)0.0089.4486.5291.1781.65
Cash Earning Retention Ratio (%)0.0092.6991.4494.9689.22
Interest Coverage Ratio (X)3.983.264.753.032.04
Interest Coverage Ratio (Post Tax) (X)2.482.292.781.871.58
Enterprise Value (Cr.)1913.012154.301808.661250.521492.35
EV / Net Operating Revenue (X)0.500.590.620.580.55
EV / EBITDA (X)4.596.337.715.376.57
MarketCap / Net Operating Revenue (X)0.310.310.350.390.10
Retention Ratios (%)0.0089.4386.5191.1681.64
Price / BV (X)1.281.451.501.390.52
Price / Net Operating Revenue (X)0.310.310.350.390.10
EarningsYield0.120.110.080.070.22

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

Fair Value: 134.02

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: 9.85% compared to the current price 122

Intrinsic Value: 170.90

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: 40.09% compared to the current price 122

Last 5 Year EPS CAGR: 27.52%

*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 has a low average ROCE of 8.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 120.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 65.58, which may not be favorable.
  4. The company has higher borrowings (1,308.00) compared to reserves (486.42), which may suggest financial risk.

FAQ

What is the latest fair value of Mangalore Chemicals & Fertilizers Ltd?

The latest fair value of Mangalore Chemicals & Fertilizers Ltd is ₹134.02.

What is the Market Cap of Mangalore Chemicals & Fertilizers Ltd?

The Market Cap of Mangalore Chemicals & Fertilizers Ltd is 1,452 Cr..

What is the current Stock Price of Mangalore Chemicals & Fertilizers Ltd as on 25 July 2024?

The current stock price of Mangalore Chemicals & Fertilizers Ltd as on 25 July 2024 is 122.

What is the High / Low of Mangalore Chemicals & Fertilizers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mangalore Chemicals & Fertilizers Ltd stocks is 156/94.4.

What is the Stock P/E of Mangalore Chemicals & Fertilizers Ltd?

The Stock P/E of Mangalore Chemicals & Fertilizers Ltd is 9.38.

What is the Book Value of Mangalore Chemicals & Fertilizers Ltd?

The Book Value of Mangalore Chemicals & Fertilizers Ltd is 79.3.

What is the Dividend Yield of Mangalore Chemicals & Fertilizers Ltd?

The Dividend Yield of Mangalore Chemicals & Fertilizers Ltd is 1.22 %.

What is the ROCE of Mangalore Chemicals & Fertilizers Ltd?

The ROCE of Mangalore Chemicals & Fertilizers Ltd is 16.6 %.

What is the ROE of Mangalore Chemicals & Fertilizers Ltd?

The ROE of Mangalore Chemicals & Fertilizers Ltd is 17.8 %.

What is the Face Value of Mangalore Chemicals & Fertilizers Ltd?

The Face Value of Mangalore Chemicals & Fertilizers Ltd is 10.0.

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