Marvel Decor Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 10:02 pm

Market Cap	213 Cr.
Current Price	120
High / Low	143/69.4
Stock P/E	51.8
Book Value	34.4
Dividend Yield	0.00 %
ROCE	8.16 %
ROE	5.88 %
Face Value	10.0
PEG Ratio	0.86

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Marvel Decor Ltd

Competitors of Marvel Decor Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Marvel Decor Ltd	213 Cr.	120	143/69.4	51.8	34.4	0.00 %	8.16 %	5.88 %	10.0
Ahlada Engineers Ltd	120 Cr.	92.9	167/82.6	10.3	107	3.23 %	14.6 %	10.4 %	10.0
Industry Average	166.50 Cr	106.45		31.05	70.70	1.62%	11.38%	8.14%	10.00

All Competitor Stocks of Marvel Decor Ltd

Quarterly Result

Month	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Sales	8.94	14.63	14.84	9.62	18.23	19.51	21.71	23.43	26.23	26.20	27.23
Expenses	6.16	12.87	12.48	10.75	14.39	18.32	19.18	22.97	23.49	23.14	23.88
Operating Profit	2.78	1.76	2.36	-1.13	3.84	1.19	2.53	0.46	2.74	3.06	3.35
OPM %	31.10%	12.03%	15.90%	-11.75%	21.06%	6.10%	11.65%	1.96%	10.45%	11.68%	12.30%
Other Income	0.31	0.31	0.72	0.33	0.53	0.90	0.69	2.16	0.62	0.32	0.15
Interest	0.21	0.55	0.69	0.56	0.65	0.71	0.85	0.73	0.78	0.82	0.76
Depreciation	1.11	1.10	1.19	1.07	1.07	0.95	1.02	0.88	1.02	0.84	0.88
Profit before tax	1.77	0.42	1.20	-2.43	2.65	0.43	1.35	1.01	1.56	1.72	1.86
Tax %	32.20%	85.71%	45.00%	-2.06%	7.55%	23.26%	8.89%	14.85%	10.26%	14.53%	6.45%
Net Profit	1.20	0.06	0.65	-2.38	2.46	0.33	1.23	0.86	1.39	1.48	1.74
EPS in Rs	0.70	0.17	0.25	-1.52	1.58	0.25	0.62	0.50	0.82	0.87	1.02

Last Updated: September 28, 2024, 10:53 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 28, 2024, 10:53 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	31.52	25.77	29.12	27.51	40.80	49.26	53.03
Expenses	23.50	19.11	24.78	24.67	37.07	46.04	46.89
Operating Profit	8.02	6.66	4.34	2.84	3.73	3.22	6.14
OPM %	25.44%	25.84%	14.90%	10.32%	9.14%	6.54%	11.58%
Other Income	0.18	0.73	0.89	0.82	1.59	2.76	0.74
Interest	2.16	0.51	1.33	1.30	1.56	1.51	1.58
Depreciation	1.82	1.97	2.29	2.14	1.97	1.90	1.71
Profit before tax	4.22	4.91	1.61	0.22	1.79	2.57	3.59
Tax %	26.30%	28.92%	55.90%	68.18%	12.29%	12.06%	10.31%
Net Profit	3.11	3.50	0.72	0.07	1.57	2.26	3.22
EPS in Rs	1.83	2.05	0.16	0.02	0.79	1.19	1.70
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	12.54%	-79.43%	-90.28%	2142.86%	43.95%	42.48%
Change in YoY Net Profit Growth (%)	0.00%	-91.97%	-10.85%	2233.13%	-2098.91%	-1.47%

Marvel Decor Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	24%
TTM:	11%

Compounded Profit Growth
10 Years:	%
5 Years:	-4%
3 Years:	298%
TTM:	36%

Stock Price CAGR
10 Years:	%
5 Years:	40%
3 Years:	63%
1 Year:	72%

Return on Equity
10 Years:	%
5 Years:	3%
3 Years:	4%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:11 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	17.04	17.04	17.04	17.04	17.04	17.04	17.04	17.74
Reserves	22.57	25.47	26.69	26.79	28.28	30.56	33.73	43.37
Borrowings	2.32	5.02	11.22	11.13	11.11	13.83	14.24	9.26
Other Liabilities	7.81	11.13	11.14	8.71	10.06	9.99	11.35	12.51
Total Liabilities	49.74	58.66	66.09	63.67	66.49	71.42	76.36	82.88
Fixed Assets	12.59	15.49	17.57	15.95	15.85	15.65	14.54	14.98
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	37.15	43.17	48.52	47.72	50.64	55.77	61.82	67.90
Total Assets	49.74	58.66	66.09	63.67	66.49	71.42	76.36	82.88

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-7.04	2.57	3.17	1.86	-0.68	-0.47
Cash from Investing Activity +	-4.69	-4.52	-1.01	-2.73	-1.33	0.12
Cash from Financing Activity +	0.38	1.11	-1.04	-0.17	2.14	0.41
Net Cash Flow	-11.34	-0.83	1.12	-1.04	0.13	0.06

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	5.70	1.64	-6.88	-8.29	-7.38	-10.61	-8.10

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

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	73.07	67.28	77.71	71.25	50.19	59.57	69.93
Inventory Days	635.99	2,672.53	1,113.66	1,170.18	906.44	779.90	841.54
Days Payable	141.98	421.28	191.04	202.81	156.16	150.84	146.33
Cash Conversion Cycle	567.08	2,318.53	1,000.33	1,038.61	800.47	688.64	765.14
Working Capital Days	241.09	449.70	464.27	479.77	338.52	315.21	328.52
ROCE %		11.93%	5.67%	2.78%	5.95%	6.92%	8.16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Promoters	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	70.03%
DIIs	1.77%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.32%	25.65%	27.08%	27.10%	27.09%	27.10%	27.09%	27.09%	27.09%	27.09%	27.09%	29.97%
No. of Shareholders	422	403	404	392	358	345	344	347	345	400	402	428

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.89	1.33	0.87	0.06	0.42
Diluted EPS (Rs.)	1.89	1.33	0.87	0.06	0.42
Cash EPS (Rs.)	3.05	2.44	2.08	1.30	1.77
Book Value[Excl.RevalReserv]/Share (Rs.)	29.79	27.93	26.93	26.11	26.62
Book Value[Incl.RevalReserv]/Share (Rs.)	29.79	27.93	26.93	26.11	26.62
Revenue From Operations / Share (Rs.)	31.36	29.15	24.19	16.34	17.29
PBDIT / Share (Rs.)	4.04	3.51	3.12	2.10	3.02
PBIT / Share (Rs.)	3.03	2.39	1.96	0.84	1.68
PBT / Share (Rs.)	2.11	1.51	1.05	0.12	0.94
Net Profit / Share (Rs.)	1.89	1.33	0.91	0.04	0.42
NP After MI And SOA / Share (Rs.)	1.89	1.33	0.87	0.06	0.42
PBDIT Margin (%)	12.88	12.03	12.90	12.85	17.47
PBIT Margin (%)	9.67	8.21	8.11	5.15	9.69
PBT Margin (%)	6.72	5.17	4.32	0.77	5.47
Net Profit Margin (%)	6.02	4.54	3.79	0.25	2.43
NP After MI And SOA Margin (%)	6.02	4.54	3.60	0.37	2.43
Return on Networth / Equity (%)	6.33	4.74	3.27	0.23	1.63
Return on Capital Employeed (%)	9.83	8.17	6.90	2.94	5.97
Return On Assets (%)	4.21	3.16	2.23	0.16	1.08
Long Term Debt / Equity (X)	0.02	0.03	0.03	0.07	0.03
Total Debt / Equity (X)	0.28	0.29	0.24	0.25	0.25
Asset Turnover Ratio (%)	0.72	0.72	0.40	0.33	0.46
Current Ratio (X)	2.48	2.42	2.58	2.97	2.52
Quick Ratio (X)	0.55	0.50	0.43	0.53	0.58
Inventory Turnover Ratio (X)	0.55	0.53	0.38	0.29	0.47
Interest Coverage Ratio (X)	4.36	3.96	3.40	2.94	4.14
Interest Coverage Ratio (Post Tax) (X)	3.04	2.50	2.00	1.06	1.58
Enterprise Value (Cr.)	167.12	81.57	63.38	47.94	46.73
EV / Net Operating Revenue (X)	3.13	1.64	1.54	1.72	1.59
EV / EBITDA (X)	24.28	13.65	11.92	13.40	9.07
MarketCap / Net Operating Revenue (X)	2.87	1.37	1.26	1.35	1.16
Price / BV (X)	3.02	1.43	1.15	0.85	0.77
Price / Net Operating Revenue (X)	2.87	1.37	1.26	1.35	1.16
EarningsYield	0.02	0.03	0.02	0.00	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Marvel Decor Ltd as of December 26, 2024 is: 106.87

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 December 26, 2024, Marvel Decor Ltd is Overvalued by 10.94% compared to the current share price 120.00

Intrinsic Value of Marvel Decor Ltd as of December 26, 2024 is: 171.44

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 December 26, 2024, Marvel Decor Ltd is Undervalued by 42.87% compared to the current share price 120.00

Last 5 Year EPS CAGR: 60.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 1.98 and average Dividend Yield of 8.17%. The company has higher reserves (29.68 cr) compared to borrowings (9.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (36.72 cr) and profit (2.70 cr) over the years.	The stock has a low average ROCE of 5.92%, which may not be favorable. The stock has a high average Working Capital Days of 373.87, which may not be favorable. The stock has a high average Cash Conversion Cycle of 403.62, which may not be favorable.

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 Marvel Decor Ltd:
1. Net Profit Margin: 6.02%
  - 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: 9.83% (Industry Average ROCE: 11.38%)
  - 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%: 6.33% (Industry Average ROE: 8.14%)
  - 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): 3.04
  - 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: 0.55
  - 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.
6. Stock P/E: 51.8 (Industry average Stock P/E: 31.05)
  - 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: 0.28
  - 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

Marvel Decor Ltd. is a Public Limited Listed company incorporated on 04/10/1996 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L18109GJ1996PLC030870 and registration number is 030870. Currently Company is involved in the business activities of Manufacture of other articles. Company’s Total Operating Revenue is Rs. 26.31 Cr. and Equity Capital is Rs. 17.04 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Furniture, Furnishing & Flooring	Plot No 211, GIDC Phase II, Jamnagar Gujarat 361004	corporate@marvellifestyle.com http://www.marvellifestyle.com

Management
Name	Position Held
Mr. Ashok R Paun	Chairman & Managing Director
Mr. Dipak R Paun	Director
Ms. Urmi A Paun	Director & CFO
Ms. Dipti D Paun	Director
Mr. Dhansukhbhai J Devani	Independent Director
Mr. Rajesh J Morzaria	Independent Director
Ms. Khwahish A Paun	Director
Mr. Dhiren M Shah	Independent Director

FAQ

What is the latest intrinsic value of Marvel Decor Ltd?

The latest intrinsic value of Marvel Decor Ltd as on 26 December 2024 is ₹106.87, which is 10.94% lower than the current market price of ₹120.00. The stock has a market capitalization of 213 Cr. and recorded a high/low of 143/69.4 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹43.37 Cr and total liabilities of ₹82.88 Cr.

What is the Market Cap of Marvel Decor Ltd?

The Market Cap of Marvel Decor Ltd is 213 Cr..

What is the current Stock Price of Marvel Decor Ltd as on 26 December 2024?

The current stock price of Marvel Decor Ltd as on 26 December 2024 is 120.

What is the High / Low of Marvel Decor Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Marvel Decor Ltd stocks is 143/69.4.

What is the Stock P/E of Marvel Decor Ltd?

The Stock P/E of Marvel Decor Ltd is 51.8.

What is the Book Value of Marvel Decor Ltd?

The Book Value of Marvel Decor Ltd is 34.4.

What is the Dividend Yield of Marvel Decor Ltd?

The Dividend Yield of Marvel Decor Ltd is 0.00 %.

What is the ROCE of Marvel Decor Ltd?

The ROCE of Marvel Decor Ltd is 8.16 %.

What is the ROE of Marvel Decor Ltd?

The ROE of Marvel Decor Ltd is 5.88 %.

What is the Face Value of Marvel Decor Ltd?

The Face Value of Marvel Decor Ltd is 10.0.