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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Manugraph India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 15, 2024, 11:12 pm

Market Cap 73.8 Cr.
Current Price 24.3
High / Low35.2/18.0
Stock P/E
Book Value 32.6
Dividend Yield0.00 %
ROCE12.5 %
ROE17.5 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Manugraph India Ltd

Competitors of Manugraph India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hittco Tools Ltd 9.15 Cr. 14.916.0/9.53 5.620.00 %7.27 %5.66 % 10.0
Harshil Agrotech Ltd 481 Cr. 94.794.7/2.66367 10.50.00 %16.4 %13.5 % 10.0
Gujarat Toolroom Ltd 224 Cr. 14.045.9/10.82.40 6.827.15 %179 %170 % 1.00
GTV Engineering Ltd 148 Cr. 474640/29023.3 1160.00 %12.7 %13.5 % 10.0
Galaxy Agrico Exports Ltd 17.8 Cr. 65.168.2/24.7 15.10.00 %33.5 %44.8 % 10.0
Industry Average4,733.97 Cr646.0560.09107.020.40%31.00%23.58%6.64

All Competitor Stocks of Manugraph India Ltd

Quarterly Result

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales35.053.753.766.1816.004.4516.1512.9312.526.0225.4313.0235.10
Expenses42.847.559.999.6918.138.0619.0516.5215.2310.3728.1719.6836.37
Operating Profit-7.79-3.80-6.23-3.51-2.13-3.61-2.90-3.59-2.71-4.35-2.74-6.66-1.27
OPM %-22.23%-101.33%-165.69%-56.80%-13.31%-81.12%-17.96%-27.76%-21.65%-72.26%-10.77%-51.15%-3.62%
Other Income0.810.76-9.41-1.031.330.700.66-0.541.560.080.367.790.18
Interest0.610.450.720.650.660.610.580.600.590.680.640.760.64
Depreciation0.540.470.450.410.370.360.340.330.320.320.390.360.32
Profit before tax-8.13-3.96-16.81-5.60-1.83-3.88-3.16-5.06-2.06-5.27-3.410.01-2.05
Tax %1.11%-0.25%-0.71%-1.07%-16.39%-1.55%-0.95%11.86%-14.56%-2.85%-2.64%800.00%0.49%
Net Profit-8.04-3.97-16.93-5.66-2.13-3.94-3.19-4.46-2.36-5.42-3.50-0.07-2.04
EPS in Rs-2.64-1.31-5.57-1.86-0.70-1.30-1.05-1.47-0.78-1.78-1.15-0.02-0.67

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales446372306259316258185251121304680
Expenses389344297264303261200265151455994
Operating Profit57289-513-3-15-14-30-16-13-15
OPM %13%7%3%-2%4%-1%-8%-6%-25%-53%-28%-19%
Other Income-524-663-241030-828
Interest433331122323
Depreciation131212876542211
Profit before tax-1117-12-106-34-12-17-34-28-14-11
Tax %-150%36%32%-4%-11%-5%-17%3%-3%-2%1%-3%
Net Profit-2711-8-106-35-14-16-35-29-14-11
EPS in Rs-8.743.61-2.64-3.262.10-11.63-4.69-5.37-11.61-9.44-4.59-3.63
Dividend Payout %-29%42%-38%-15%48%-4%-13%-9%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)140.74%-172.73%-25.00%160.00%-683.33%60.00%-14.29%-118.75%17.14%51.72%21.43%
Change in YoY Net Profit Growth (%)0.00%-313.47%147.73%185.00%-843.33%743.33%-74.29%-104.46%135.89%34.58%-30.30%

Manugraph India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-14%
5 Years:-16%
3 Years:-13%
TTM:73%
Compounded Profit Growth
10 Years:%
5 Years:-6%
3 Years:13%
TTM:-37%
Stock Price CAGR
10 Years:-2%
5 Years:13%
3 Years:25%
1 Year:3%
Return on Equity
10 Years:-7%
5 Years:-13%
3 Years:-14%
Last Year:-17%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital666666666666
Reserves19420619918919421820218414611710493
Borrowings16181517117309191811
Other Liabilities150931039510482966666414362
Total Liabilities366323323307315313306256227183170172
Fixed Assets80736459541201019795939290
CWIP100000000000
Investments37363625286048110000
Other Assets248215223223233132158148131907882
Total Assets366323323307315313306256227183170172

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 43-217-201930-28-14-29-22-1-6
Cash from Investing Activity -62213-2-2531251313417
Cash from Financing Activity -33-8-10-3-11-8-7-567-4-10
Net Cash Flow4-89-97-2-36-10-2-11

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow41.0010.00-6.00-22.002.00-10.00-18.00-14.00-39.00-35.00-31.00-26.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3227264135133585442911
Inventory Days1661771892141771452601852721,033675384
Days Payable77596190526012743106174100144
Cash Conversion Cycle12114415416516098169151221901585251
Working Capital Days265028463067861116535309141
ROCE %21%9%-0%-4%4%0%-5%-6%-17%-10%-9%-12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters57.65%57.65%57.65%57.65%57.66%57.66%57.67%57.67%57.67%57.67%57.67%57.67%
DIIs1.65%1.28%1.25%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.77%0.72%
Public40.70%41.07%41.10%41.58%41.57%41.57%41.56%41.55%41.55%41.56%41.56%41.61%
No. of Shareholders9,81510,39810,46410,49410,54910,40510,75010,81411,20410,55812,11911,977

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-3.53-4.59-9.44-11.61-5.37
Diluted EPS (Rs.)-3.53-4.59-9.44-11.61-5.37
Cash EPS (Rs.)-3.17-4.14-8.88-10.81-3.91
Book Value[Excl.RevalReserv]/Share (Rs.)32.6036.1340.4549.9862.53
Book Value[Incl.RevalReserv]/Share (Rs.)32.6036.1340.4549.9862.53
Revenue From Operations / Share (Rs.)26.1615.149.7639.7982.54
PBDIT / Share (Rs.)-4.38-3.52-4.05-8.69-1.22
PBIT / Share (Rs.)-4.83-3.96-4.61-9.49-2.68
PBT / Share (Rs.)-3.43-5.12-9.28-11.10-3.90
Net Profit / Share (Rs.)-3.63-4.59-9.44-11.61-5.37
NP After MI And SOA / Share (Rs.)-3.63-4.59-9.44-11.61-5.37
PBDIT Margin (%)-16.73-23.25-41.54-21.84-1.47
PBIT Margin (%)-18.47-26.17-47.25-23.84-3.24
PBT Margin (%)-13.11-33.80-95.05-27.89-4.72
Net Profit Margin (%)-13.85-30.28-96.71-29.17-6.50
NP After MI And SOA Margin (%)-13.85-30.28-96.71-29.17-6.50
Return on Networth / Equity (%)-11.12-12.69-23.33-23.22-8.59
Return on Capital Employeed (%)-12.08-9.05-10.13-17.19-3.95
Return On Assets (%)-6.41-8.19-15.66-15.57-6.37
Total Debt / Equity (X)0.100.160.150.050.00
Asset Turnover Ratio (%)0.460.260.140.500.89
Current Ratio (X)1.431.811.621.902.73
Quick Ratio (X)0.230.430.430.841.12
Inventory Turnover Ratio (X)1.210.490.190.992.08
Dividend Payout Ratio (NP) (%)0.000.000.00-4.30-9.38
Dividend Payout Ratio (CP) (%)0.000.000.00-4.62-12.89
Earning Retention Ratio (%)0.000.000.00104.30109.38
Cash Earning Retention Ratio (%)0.000.000.00104.62112.89
Interest Coverage Ratio (X)-4.90-4.49-4.96-16.76-2.68
Interest Coverage Ratio (Post Tax) (X)-5.52-4.97-5.84-18.85-5.51
Enterprise Value (Cr.)53.1248.8643.169.5650.34
EV / Net Operating Revenue (X)0.661.061.450.070.20
EV / EBITDA (X)-3.99-4.56-3.50-0.36-13.60
MarketCap / Net Operating Revenue (X)0.550.861.200.190.33
Retention Ratios (%)0.000.000.00104.30109.38
Price / BV (X)0.440.360.280.150.44
Price / Net Operating Revenue (X)0.550.861.200.190.33
EarningsYield-0.24-0.35-0.80-1.47-0.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Manugraph India Ltd as of October 15, 2024 is: ₹87.29

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.

As of October 15, 2024, Manugraph India Ltd is Undervalued by 259.22% compared to the current share price ₹24.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Manugraph India Ltd as of October 15, 2024 is: ₹106.79

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 15, 2024, Manugraph India Ltd is Undervalued by 339.47% compared to the current share price ₹24.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 22.33%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (170.50 cr) compared to borrowings (12.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -2.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 118.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 260.00, which may not be favorable.
  4. The company has not shown consistent growth in sales (222.50) and profit (-13.33).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Manugraph India Ltd:
    1. Net Profit Margin: -13.85%
      • 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: -12.08% (Industry Average ROCE: 31%)
      • 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. ROE%: -11.12% (Industry Average ROE: 23.58%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -5.52
      • 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.
    5. Quick Ratio: 0.23
      • 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.
    6. Stock P/E: 0 (Industry average Stock P/E: 60.09)
      • 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.
    7. Total Debt / Equity: 0.1
      • 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Manugraph India Ltd. is a Public Limited Listed company incorporated on 25/04/1972 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29290MH1972PLC015772 and registration number is 015772. Currently company belongs to the Industry of Engineering - General. Company’s Total Operating Revenue is Rs. 46.05 Cr. and Equity Capital is Rs. 6.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General2nd Floor, Sidhwa House, N.A. Sawant Marg, Mumbai Maharashtra 400005sharegrievances@manugraph.com
http://www.manugraph.com
Management
NamePosition Held
Mrs. Basheera J IndorewalaInd. Non-Executive Director
Mr. Sanat M ShahChairman Emeritus
Mr. Sanjay S ShahChairman & Managing Director
Mr. Pradeep S ShahVice Chairman & Mng.Director
Mr. Shailesh B ShirguppiWhole Time Director
Ms. Madhavi KilachandInd. Non-Executive Director
Mr. K N PadmanabhanInd. Non-Executive Director
Mr. Nimish VakilInd. Non-Executive Director

FAQ

What is the latest fair value of Manugraph India Ltd?

The latest fair value of Manugraph India Ltd is ₹87.29.

What is the Market Cap of Manugraph India Ltd?

The Market Cap of Manugraph India Ltd is 73.8 Cr..

What is the current Stock Price of Manugraph India Ltd as on 15 October 2024?

The current stock price of Manugraph India Ltd as on 15 October 2024 is ₹24.3.

What is the High / Low of Manugraph India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manugraph India Ltd stocks is 35.2/18.0.

What is the Stock P/E of Manugraph India Ltd?

The Stock P/E of Manugraph India Ltd is .

What is the Book Value of Manugraph India Ltd?

The Book Value of Manugraph India Ltd is 32.6.

What is the Dividend Yield of Manugraph India Ltd?

The Dividend Yield of Manugraph India Ltd is 0.00 %.

What is the ROCE of Manugraph India Ltd?

The ROCE of Manugraph India Ltd is 12.5 %.

What is the ROE of Manugraph India Ltd?

The ROE of Manugraph India Ltd is 17.5 %.

What is the Face Value of Manugraph India Ltd?

The Face Value of Manugraph India Ltd is 2.00.

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 Manugraph India 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