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Last Updated on: 05 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

MBL Infrastructure Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 5, 2024, 12:22 am

Market Cap 752 Cr.
Current Price 62.8
High / Low85.1/25.7
Stock P/E
Book Value 71.3
Dividend Yield0.00 %
ROCE6.42 %
ROE5.13 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for MBL Infrastructure Ltd

Competitors of MBL Infrastructure Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HB Estate Developers Ltd 195 Cr. 100125/38.632.5 76.60.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,091 Cr. 578639/11517.4 1270.52 %%% 10.0
Gyan Developers & Builders Ltd 4.65 Cr. 15.533.8/6.4224.5 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 61.2 Cr. 128163/64.0 98.60.00 %1.27 %9.45 % 1.00
ETT Ltd 17.3 Cr. 16.738.8/16.09.27 34.80.00 %6.64 %4.85 % 10.0
Industry Average11,690.54N/A32.63N/AN/A23.3815.01N/A

All Competitor Stocks of MBL Infrastructure Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales46577732534535245239434521
Expenses526071425245734853361096142
Operating Profit-5-36-111-1-38-24-13-66-16-21
OPM %-11%-5%8%-34%2%-2%-107%-97%-2%8%-152%-36%-99%
Other Income3724392620302034921773531
Interest1616-69999988887
Depreciation15165316151620191518201915
Profit before tax1-11-1-9-35-47-17-16-2-17-8-11
Tax %-3,575%831%-5,888%101%479%83%71%0%-14%-517%70%0%0%
Net Profit4278-580131-14-17-18-11-5-8-11
EPS in Rs4.037.43-5.540.011.230.08-1.30-1.61-1.68-1.05-0.48-0.73-1.06

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2651,3561,7661,9622,3432,281511154213203164159141
Expenses1,0941,2091,5741,7182,0792,25945422426799133102267
Operating Profit1711461922432632257-70-541043258-126
OPM %14%11%11%12%11%1%11%-46%-25%51%19%36%-89%
Other Income21431938230-19738712996142179
Interest566080107138159252196716211617830
Depreciation11111420332723205596677268
Profit before tax10676103119112-12612-306212-25-55-51-45
Tax %31%26%25%31%22%49%-58%14%-25%357%100%0%
Net Profit7257778287-6419-264265630-51-33
EPS in Rs20.7116.1922.0019.6620.95-15.485.47-25.1925.326.050.01-4.82-3.16
Dividend Payout %7%9%7%8%7%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-20.83%35.09%6.49%6.10%-173.56%129.69%-1489.47%200.38%-76.23%-100.00%
Change in YoY Net Profit Growth (%)0.00%55.92%-28.59%-0.40%-179.66%303.25%-1619.16%1689.85%-276.61%-23.77%

MBL Infrastructure Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:-23%
5 Years:-5%
3 Years:-15%
TTM:-38%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-12%
Stock Price CAGR
10 Years:-9%
5 Years:63%
3 Years:47%
1 Year:122%
Return on Equity
10 Years:-1%
5 Years:-1%
3 Years:-4%
Last Year:-5%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital181821414141105105105105105105
Reserves380451636700633654387652715732681642
Borrowings6788281,1041,4331,9341,3791,4371,2531,2481,2041,1391,088
Other Liabilities2483814584602997701,0359939559751,0311,055
Total Liabilities1,3231,6772,2192,6352,9072,8442,9633,0033,0233,0162,9562,890
Fixed Assets189214217247224180964910837770698683
CWIP2093765417618607250141734470
Investments2020242400000000
Other Assets9061,0681,4371,6031,8231,9391,9992,0792,1692,2122,2112,207
Total Assets1,3231,6772,2192,6352,9072,8442,9633,0033,0233,0162,9562,890

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 62122-63102-32283277-634-167750
Cash from Investing Activity -191-206-193-337-78-60-78-13-26-16-111
Cash from Financing Activity 14278265164392-22-20327352-74-57
Net Cash Flow13-69-71-80-381120-8-6

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow171.00-532.00-636.00242.00262.0021.0056.00-71.00-55.00103.0031.0057.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days686674102397422712791124287344
Inventory Days18814819515256251943835
Days Payable3748556322444551915519158
Cash Conversion Cycle21916621319121-307-273-694-389124287221
Working Capital Days16613517116623-59-643-610-395-430-611-1,083
ROCE %14%15%15%13%1%4%-0%-0%6%3%6%-1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters68.49%68.49%68.49%68.48%68.48%68.48%68.27%68.27%68.25%67.39%68.84%71.45%
FIIs0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.04%0.00%
Public31.51%31.51%31.50%31.52%31.51%31.52%31.73%31.73%31.74%32.60%31.11%28.54%
No. of Shareholders22,67621,84021,80122,08721,74621,28320,54918,97718,30119,88726,00326,421

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.75-4.820.016.0525.32
Diluted EPS (Rs.)-3.75-4.820.016.0525.32
Cash EPS (Rs.)2.272.066.4215.1930.53
Book Value[Excl.RevalReserv]/Share (Rs.)71.2975.0379.8578.2972.23
Book Value[Incl.RevalReserv]/Share (Rs.)71.2975.0379.8578.2972.23
Revenue From Operations / Share (Rs.)11.6915.2215.6919.3620.31
PBDIT / Share (Rs.)4.965.214.569.914.60
PBIT / Share (Rs.)-1.07-1.67-1.840.77-0.61
PBT / Share (Rs.)-3.76-4.84-5.25-2.3520.24
Net Profit / Share (Rs.)-3.75-4.820.016.0525.32
NP After MI And SOA / Share (Rs.)-3.75-4.820.016.0525.32
PBDIT Margin (%)42.4034.2629.0851.1922.63
PBIT Margin (%)-9.12-11.00-11.744.01-3.03
PBT Margin (%)-32.21-31.84-33.45-12.1499.67
Net Profit Margin (%)-32.12-31.690.0831.24124.65
NP After MI And SOA Margin (%)-32.12-31.690.0831.24124.65
Return on Networth / Equity (%)-5.26-6.420.017.7235.05
Return on Capital Employeed (%)-0.54-0.80-0.850.35-0.28
Return On Assets (%)-1.36-1.700.002.098.83
Long Term Debt / Equity (X)1.211.221.181.281.43
Total Debt / Equity (X)1.461.451.451.431.58
Asset Turnover Ratio (%)0.040.020.020.050.06
Current Ratio (X)0.390.470.500.440.34
Quick Ratio (X)0.380.460.500.440.34
Inventory Turnover Ratio (X)4.080.000.000.000.00
Interest Coverage Ratio (X)1.841.641.342.460.72
Interest Coverage Ratio (Post Tax) (X)-0.39-0.521.002.280.70
Enterprise Value (Cr.)1629.251260.551425.151357.821211.44
EV / Net Operating Revenue (X)13.317.918.676.695.69
EV / EBITDA (X)31.3923.0829.8113.0825.16
MarketCap / Net Operating Revenue (X)4.640.961.551.030.12
Price / BV (X)0.750.190.300.250.03
Price / Net Operating Revenue (X)4.640.961.551.030.12
EarningsYield-0.06-0.320.000.309.66

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MBL Infrastructure Ltd as of October 5, 2024 is: ₹55.96

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 5, 2024, MBL Infrastructure Ltd is Overvalued by 10.89% compared to the current share price ₹62.80

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

Intrinsic Value of MBL Infrastructure Ltd as of October 5, 2024 is: ₹28.44

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 October 5, 2024, MBL Infrastructure Ltd is Overvalued by 54.71% compared to the current share price ₹62.80

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

Last 5 Year EPS CAGR: -49.17%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -174.00, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -18.42, which is a positive sign.
  3. The company has shown consistent growth in sales (119.46 cr) and profit (10.15 cr) over the years.
  1. The stock has a low average ROCE of 6.33%, which may not be favorable.
  2. The company has higher borrowings (1,227.08) compared to reserves (605.25), which may suggest financial risk.

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 MBL Infrastructure Ltd:
    1. Net Profit Margin: -32.12%
      • 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: -0.54% (Industry Average ROCE: 23.38%)
      • 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%: -5.26% (Industry Average ROE: 15.01%)
      • 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): -0.39
      • 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: 0.38
      • 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: 32.63)
      • 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: 1.46
      • 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

MBL Infrastructure Ltd. is a Public Limited Listed company incorporated on 25/08/1995 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27109DL1995PLC338407 and registration number is 073700. Currently Company is involved in the business activities of Construction and maintenance of railways and rail-bridges. Company’s Total Operating Revenue is Rs. 74.11 Cr. and Equity Capital is Rs. 104.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringBaani Corporate One Tower, Suite No. 308, New Delhi Delhi 110025delhi@mblinfra.com
http://www.mblinfra.com
Management
NamePosition Held
Mr. Anjanee Kumar LakhotiaChairman & Managing Director
Mr. Surender AggarwalExecutive Director
Ms. Sunita PalitaIndependent Director
Mr. Ashwini Kumar SinghIndependent Director
Mr. Ranjit DattaIndependent Director
Mr. Ram Dayal ModiIndependent Director

FAQ

What is the latest fair value of MBL Infrastructure Ltd?

The latest fair value of MBL Infrastructure Ltd is ₹55.96.

What is the Market Cap of MBL Infrastructure Ltd?

The Market Cap of MBL Infrastructure Ltd is 752 Cr..

What is the current Stock Price of MBL Infrastructure Ltd as on 05 October 2024?

The current stock price of MBL Infrastructure Ltd as on 05 October 2024 is ₹62.8.

What is the High / Low of MBL Infrastructure Ltd stocks in FY 2024?

In FY 2024, the High / Low of MBL Infrastructure Ltd stocks is 85.1/25.7.

What is the Stock P/E of MBL Infrastructure Ltd?

The Stock P/E of MBL Infrastructure Ltd is .

What is the Book Value of MBL Infrastructure Ltd?

The Book Value of MBL Infrastructure Ltd is 71.3.

What is the Dividend Yield of MBL Infrastructure Ltd?

The Dividend Yield of MBL Infrastructure Ltd is 0.00 %.

What is the ROCE of MBL Infrastructure Ltd?

The ROCE of MBL Infrastructure Ltd is 6.42 %.

What is the ROE of MBL Infrastructure Ltd?

The ROE of MBL Infrastructure Ltd is 5.13 %.

What is the Face Value of MBL Infrastructure Ltd?

The Face Value of MBL Infrastructure 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 MBL Infrastructure 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