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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of McNally Bharat Engineering Company Ltd

About the Company - McNally Bharat Engineering Company Ltd

McNally Bharat Engineering Company Ltd. is a Public Limited Listed company incorporated on 10/07/1961 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L45202WB1961PLC025181 and registration number is 025181. Currently Company is involved in the business activities of Construction and maintenance of power plants. Company’s Total Operating Revenue is Rs. 252.71 Cr. and Equity Capital is Rs. 211.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General4, Mangoe Lane, Kolkata West Bengal 700001mbecal@mbecl.co.in
http://www.mcnallybharat.com
Management
NamePosition Held
Mr. Aditya KhaitanChairman
Ms. Kasturi RoychoudhuryIndependent Director
Mr. Nilotpal RoyIndependent Director
Mr. Asim Kumar BarmanIndependent Director

McNally Bharat Engineering Company Ltd. Share Price Update

Share PriceValue
Today₹6.26
Previous Day₹6.38

Basic Stock Data of McNally Bharat Engineering Company Ltd

Market Cap 136 Cr.
Current Price 6.45
High / Low7.23/2.90
Stock P/E
Book Value 177
Dividend Yield0.00 %
ROCE28.3 %
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of McNally Bharat Engineering Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Supreme Engineering Ltd 30.0 Cr. 1.201.40/0.50 2.700.00 %120 %% 1.00
Mold-Tek Technologies Ltd 622 Cr. 219399/21519.7 38.61.58 %41.7 %33.2 % 2.00
Nitiraj Engineers Ltd 174 Cr. 170196/66.2 65.90.00 %0.38 %0.35 % 10.0
Pitti Engineering Ltd 2,554 Cr. 797818/25634.2 1130.34 %18.2 %19.0 % 5.00
Thejo Engineering Ltd 2,872 Cr. 2,6682,790/1,12660.0 2050.07 %20.8 %18.1 % 10.0
Industry Average1,250.40 Cr771.0422.7885.040.40%40.22%14.13%5.60

McNally Bharat Engineering Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales101120175911091161099287111904147
Expenses1011361551031051181971251932051784859
Operating Profit-0-1620-124-2-88-33-106-93-88-7-12
OPM %-0%-13%11%-13%4%-2%-81%-36%-121%-84%-97%-17%-26%
Other Income108491320-11112-591041111
Interest1694101314151,021144600173241190
Depreciation5333343333211
Profit before tax-11-1917-1611-107-1,046-241-756-159-237-192
Tax %0%0%0%0%0%0%0%0%0%0%-39%0%0%
Net Profit-11-1917-1611-107-1,046-241-756-221-237-192
EPS in Rs-0.54-0.930.89-0.740.050.04-4.67-49.41-11.36-35.73-10.82-11.20-9.07

McNally Bharat Engineering Company Ltd Quarterly Chart

McNally Bharat Engineering Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,6432,6822,6322,4302,6942,1721,6821,739730502403381289
Expenses2,4672,5132,5122,2782,6922,5271,8322,2051,043496488701489
Operating Profit1771691201521-356-149-466-3136-86-320-200
OPM %7%6%5%6%0%-16%-9%-27%-43%1%-21%-84%-69%
Other Income512177101473171531356230406867
Interest11616223128438548958944711864631,9391,204
Depreciation2631404638453123181613106
Profit before tax85-3-74-78-375-572-617-802-388-44-121-2,201-1,343
Tax %22%-736%-2%-5%-0%91%24%1%0%0%0%-3%
Net Profit66-21-75-81-377-51-470-791-387-44-121-2,263-1,406
EPS in Rs21.11-7.03-24.25-18.30-72.15-10.62-29.17-45.51-18.26-2.11-5.32-107.32-66.82
Dividend Payout %5%-14%0%0%0%0%0%0%0%0%0%0%

McNally Bharat Engineering Company Ltd Profit & Loss Yearly Chart

McNally Bharat Engineering Company Ltd Growth

Compounded Sales Growth
10 Years:-18%
5 Years:-26%
3 Years:-20%
TTM:-45%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:55%
Stock Price CAGR
10 Years:-18%
5 Years:-5%
3 Years:-18%
1 Year:68%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

McNally Bharat Engineering Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital313131415154158172212212212212212
Reserves332350276302-46745-127-42-204-259-385-3,536-3,966
Preference Capital081010009639000
Borrowings7181,0671,3951,8002,4973,0953,4682,3402,3972,3852,4053,1063,108
Other Liabilities1,7291,7961,9872,0242,2382,2881,8341,1966834604672,3172,663
Total Liabilities2,8103,2443,6904,1674,3195,4825,3343,6663,0882,7982,6992,0982,017
Fixed Assets3463964053142863853601931991831541817
CWIP601189545555555
Investments4694027302116111111
Other Assets2,3592,7433,2773,8173,9985,0724,9533,4672,8832,6092,5392,0731,994
Total Assets2,8103,2443,6904,1674,3195,4825,3343,6663,0882,7982,6992,0982,017

McNally Bharat Engineering Company Ltd Reserves and Borrowings Chart

McNally Bharat Engineering Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -56-156-184-457-392-568-303359-18763-710
Cash from Investing Activity -66-8867135-25-226539047247-11
Cash from Financing Activity 67231121329429595302-806120-48-336
Net Cash Flow-54-125612664-57-191675

McNally Bharat Engineering Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days209221225231204295390365717791900722
Inventory Days632009280723556182672553072021
Days Payable2468003293273121,4761,412771597859955394
Cash Conversion Cycle26-379-12-16-35-827-404-139375239146329
Working Capital Days901311722461793084993277711,0951,278-756
ROCE %17%12%8%6%0%-3%-1%-11%-11%1%-1%

McNally Bharat Engineering Company Ltd Financial Efficiency Indicators Chart

McNally Bharat Engineering Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters34.21%34.21%32.79%32.79%32.79%32.79%32.79%32.79%32.79%32.79%32.79%32.79%
DIIs0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%1.17%
Public65.75%65.75%67.17%67.17%67.17%67.17%67.17%67.16%67.17%67.17%67.17%66.02%
No. of Shareholders14,77214,99716,02118,17823,82424,77324,49224,20424,01923,27123,07622,440

McNally Bharat Engineering Company Ltd Shareholding Pattern Chart

No. of McNally Bharat Engineering Company Ltd Shareholders

This stock is not held by any mutual fund

McNally Bharat Engineering Company Ltd ROCE Trend

McNally Bharat Engineering Company Ltd EPS Trend

McNally Bharat Engineering Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-107.32-5.32-2.11-18.26-36.94
Diluted EPS (Rs.)-107.32-5.32-2.11-18.26-36.94
Cash EPS (Rs.)-106.49-5.10-1.29-17.46-44.58
Book Value[Excl.RevalReserv]/Share (Rs.)-157.15-7.60-1.281.278.78
Book Value[Incl.RevalReserv]/Share (Rs.)-157.15-7.60-1.281.278.78
Revenue From Operations / Share (Rs.)18.0020.0523.7034.51101.16
PBDIT / Share (Rs.)-13.06-1.250.89-13.27-20.13
PBIT / Share (Rs.)-13.53-1.850.12-14.13-21.47
PBT / Share (Rs.)-104.03-5.71-2.06-18.32-46.57
Net Profit / Share (Rs.)-106.97-5.70-2.06-18.31-45.93
NP After MI And SOA / Share (Rs.)-107.32-5.32-2.11-18.25-45.50
PBDIT Margin (%)-72.54-6.213.77-38.46-19.89
PBIT Margin (%)-75.18-9.210.53-40.94-21.22
PBT Margin (%)-578.02-28.46-8.67-53.10-46.03
Net Profit Margin (%)-594.33-28.41-8.67-53.07-45.40
NP After MI And SOA Margin (%)-596.29-26.52-8.91-52.90-44.98
Return on Networth / Equity (%)0.000.000.00-4826.25-598.56
Return on Capital Employeed (%)8.621168.921.89-165.13-101.59
Return On Assets (%)-108.25-4.17-1.59-12.50-21.36
Long Term Debt / Equity (X)0.00-0.53-1.698.470.81
Total Debt / Equity (X)-0.93-13.34-47.99281.0416.91
Asset Turnover Ratio (%)0.090.090.110.170.34
Current Ratio (X)0.280.710.750.780.86
Quick Ratio (X)0.280.690.720.740.80
Inventory Turnover Ratio (X)0.052.502.352.314.51
Interest Coverage Ratio (X)-0.14-0.510.40-3.16-0.85
Interest Coverage Ratio (Post Tax) (X)-0.17-0.760.05-3.36-0.88
Enterprise Value (Cr.)3143.132438.132464.372350.002312.05
EV / Net Operating Revenue (X)8.255.754.913.221.33
EV / EBITDA (X)-11.38-92.45130.31-8.37-6.67
MarketCap / Net Operating Revenue (X)0.180.250.320.070.06
Price / BV (X)-0.02-0.63-3.486.670.89
Price / Net Operating Revenue (X)0.180.250.320.070.06
EarningsYield-32.92-1.03-0.27-7.24-6.72

McNally Bharat Engineering Company Ltd Profitability Ratios (%)

McNally Bharat Engineering Company Ltd Liquidity Ratios

McNally Bharat Engineering Company Ltd Liquidity Ratios (%)

McNally Bharat Engineering Company Ltd Interest Coverage Ratios (%)

McNally Bharat Engineering Company Ltd Valuation Ratios

Fair Value of McNally Bharat Engineering Company Ltd Stock

Fair Value: ₹406.22

The stock is undervalued by 6,197.91% compared to the current price ₹6.45

*Investments are subject to market risks

Strength and Weakness of McNally Bharat Engineering Company Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -58.08, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -10.17 and average Dividend Yield of -29.20%.
  2. The stock has a low average ROCE of 1.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 164.08, which may not be favorable.
  4. The company has higher borrowings (12.54) compared to reserves (-590.85), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (178.38) and profit (-230.15).

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 McNally Bharat Engineering Company 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