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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Metalyst Forgings Ltd

About the Company - Metalyst Forgings Ltd

Metalyst Forgings Ltd. is a Public Limited Listed company incorporated on 21/03/1977 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28910MH1977PLC019569 and registration number is 019569. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 230.69 Cr. and Equity Capital is Rs. 43.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ForgingsGat No. 614, Pune District Maharashtra 410501investors.relation@amtek.com
http://www.amtek.com
Management
NamePosition Held
Mr. Yogesh KapurChairman & Director
Mr. Shekhar GuptaWhole Time Director
Mr. Arvind DhamDirector
Mr. Brajindar Mohan SinghDirector

Basic Stock Data of Metalyst Forgings Ltd

Last Updated: June 21, 2024, 4:28 pm

Market Cap 17.6 Cr.
Current Price 4.05
High / Low5.40/2.45
Stock P/E
Book Value 580
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Competitors of Metalyst Forgings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ramkrishna Forgings Ltd 15,815 Cr. 872884/42546.3 1480.23 %18.7 %17.0 % 2.00
CIE Automotive India Ltd 21,582 Cr. 568589/40126.7 1580.88 %18.3 %20.3 % 10.0
MM Forgings Ltd (MMFL) 2,911 Cr. 1,2061,302/82520.1 3380.66 %15.8 %19.2 % 10.0
Tirupati Forge Ltd 249 Cr. 25.428.2/6.7537.5 5.090.00 %18.8 %15.4 % 2.00
Bharat Forge Ltd 79,956 Cr. 1,7171,739/80087.1 1540.52 %13.3 %13.2 % 2.00
Industry Average15,125.53 Cr633.4133.75129.720.34%12.48%14.31%4.88

Metalyst Forgings Ltd Quarterly Results

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales37113960644961616069725863
Expenses401751571225159606367685964
Operating Profit-3-6-122-58-221-323-1-0
OPM %-8%-58%-29%4%-91%-4%3%2%-4%3%5%-1%-1%
Other Income-25-2410-31900000-7300
Interest1000-100000000
Depreciation63636363636263626261616161
Profit before tax-92-94-74-61-439-65-61-62-65-60-131-62-61
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-92-94-74-61-439-65-61-62-65-60-131-62-61
EPS in Rs-21.07-21.51-17.05-14.01-100.83-14.89-13.97-14.12-14.98-13.70-30.09-14.19-14.10

Last Updated: June 11, 2024, 1:27 am

Metalyst Forgings Ltd Quarterly Chart

Metalyst Forgings Ltd Profit & Loss

MonthJun 2012Sep 2013Sep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales1,2141,7182,3952,3458691,106374380188174231262
Expenses9191,3021,7961,848682581374369237248232257
Operating Profit295416599496187526011-49-74-15
OPM %24%24%25%21%22%48%0%3%-26%-42%-1%2%
Other Income44320-19-207-440-41211-3421-73
Interest67105199368198408342272012
Depreciation6198137190142573260255254252250244
Profit before tax171257282-81-360-896-1,013-271-303-668-252-314
Tax %29%33%32%33%24%28%8%-8%0%0%0%0%
Net Profit121173193-54-273-645-930-292-303-668-252-314
EPS in Rs32.8947.1552.54-14.66-74.26-158.29-213.59-67.13-69.67-153.39-57.97-72.07
Dividend Payout %3%2%2%0%0%0%0%0%0%0%0%0%

Metalyst Forgings Ltd Profit & Loss Yearly Chart

Metalyst Forgings Ltd Growth

Compounded Sales Growth
10 Years:-14%
5 Years:-7%
3 Years:12%
TTM:4%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:6%
TTM:2%
Stock Price CAGR
10 Years:-29%
5 Years:-14%
3 Years:-6%
1 Year:38%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 16, 2024, 7:04 pm

Metalyst Forgings Ltd Balance Sheet

MonthJun 2012Sep 2013Sep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital373737373741444444444444
Reserves7029311,0591,044774129-775-1,067-1,369-2,002-2,255-2,569
Preference Capital000104142424391012
Borrowings6702,1342,5632,8612,7671,1411,2901,2891,6341,6341,6341,634
Other Liabilities3704535538731,0292,8913,0963,1092,7532,7142,7102,712
Total Liabilities1,7783,5544,2124,8144,6074,2023,6543,3753,0622,3902,1321,821
Fixed Assets9681,9922,7732,6792,5782,7482,5122,2582,0051,7491,4991,255
CWIP4570714711514595138138138138139141
Investments111347347347347347347000
Other Assets7648541,2911,6731,5361,011657632571503494425
Total Assets1,7783,5544,2124,8144,6074,2023,6543,3753,0622,3902,1321,821

Metalyst Forgings Ltd Reserves and Borrowings Chart

Metalyst Forgings Ltd Cash Flow

MonthJun 2012Sep 2013Sep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 25763533174515870957-10-7-2-2
Cash from Investing Activity -212-1,642-339-400-58-690-66-12121
Cash from Financing Activity -181,171-96-436-99-34-46-0-0-00
Net Cash Flow28164-104-911-15-1352-6-0-1

Metalyst Forgings Ltd Financial Efficiency Indicators

MonthJun 2012Sep 2013Sep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days855678901577520019930122717254
Inventory Days12299139228576129174179355325225194
Days Payable443129207053197206383411289255
Cash Conversion Cycle163124188297663151177172272142107-6
Working Capital Days974853128227-530-2,214-2,196-4,707-5,213-3,935-3,563
ROCE %19%16%14%8%2%-2%-27%-54%-91%-1,754%

Metalyst Forgings Ltd Financial Efficiency Indicators Chart

Metalyst Forgings Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.32%61.32%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%
Public38.66%38.66%38.66%38.66%38.66%38.66%38.67%38.67%38.68%38.67%38.67%38.67%
No. of Shareholders18,40518,16818,21518,62319,44719,29619,08718,88918,65518,52518,52518,158

Metalyst Forgings Ltd Shareholding Pattern Chart

No. of Metalyst Forgings Ltd Shareholders

This stock is not held by any mutual fund

Metalyst Forgings Ltd ROCE Trend

Metalyst Forgings Ltd EPS Trend

Metalyst Forgings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-72.07-57.97-153.39-69.67-67.13
Diluted EPS (Rs.)-72.07-57.97-153.39-69.67-67.13
Cash EPS (Rs.)-16.08-0.53-95.49-11.39-8.51
Book Value[Excl.RevalReserv]/Share (Rs.)-579.85-507.89-457.61-304.31-235.02
Book Value[Incl.RevalReserv]/Share (Rs.)-579.85-507.89-457.61-304.31-235.02
Revenue From Operations / Share (Rs.)60.0652.9739.9943.1687.27
PBDIT / Share (Rs.)1.09-0.26-15.82-11.062.63
PBIT / Share (Rs.)-54.90-57.71-73.72-69.34-55.99
PBT / Share (Rs.)-72.07-57.97-153.39-69.67-62.17
Net Profit / Share (Rs.)-72.07-57.97-153.39-69.67-67.13
PBDIT Margin (%)1.80-0.50-39.55-25.623.01
PBIT Margin (%)-91.40-108.93-184.32-160.66-64.16
PBT Margin (%)-119.99-109.43-383.53-161.44-71.24
Net Profit Margin (%)-119.99-109.43-383.53-161.44-76.92
Return on Capital Employeed (%)11.0413.5620.0532.6539.19
Return On Assets (%)-17.23-11.83-27.95-9.91-8.66
Long Term Debt / Equity (X)-0.13-0.15-0.17-0.260.00
Total Debt / Equity (X)-0.64-0.73-0.82-1.23-1.26
Asset Turnover Ratio (%)0.130.100.060.050.10
Current Ratio (X)0.030.050.050.070.11
Quick Ratio (X)0.010.030.030.040.08
Inventory Turnover Ratio (X)1.831.570.971.011.89
Interest Coverage Ratio (X)3.64-1.010.00-32.960.42
Interest Coverage Ratio (Post Tax) (X)-184.22-218.190.00-206.65-9.87
Enterprise Value (Cr.)1645.491653.861647.881634.621318.28
EV / Net Operating Revenue (X)6.297.179.468.703.47
EV / EBITDA (X)347.89-1419.86-23.92-33.94115.11
MarketCap / Net Operating Revenue (X)0.040.100.120.080.11
Price / BV (X)0.00-0.01-0.01-0.01-0.04
Price / Net Operating Revenue (X)0.040.100.120.080.11
EarningsYield-29.06-10.80-29.61-19.35-6.78

Metalyst Forgings Ltd Profitability Ratios (%)

Metalyst Forgings Ltd Liquidity Ratios

Metalyst Forgings Ltd Liquidity Ratios (%)

Metalyst Forgings Ltd Interest Coverage Ratios (%)

Metalyst Forgings Ltd Valuation Ratios

Fair Value

Fair Value: 1,331.10

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: 32,766.67% compared to the current price 4.05

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 932.08

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: 22,914.33% compared to the current price ₹4.05

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -29.98%

*Investments are subject to market risks

Strength and Weakness of Metalyst Forgings Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 0.33, which is a positive sign.
  1. The stock has a low average ROCE of -9.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 204.17, which may not be favorable.
  3. The company has higher borrowings (16.67) compared to reserves (-449.83), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (207.08) and profit (-203.00).

FAQ

What is the latest fair value of Metalyst Forgings Ltd?

The latest fair value of Metalyst Forgings Ltd is ₹1331.10.

What is the Market Cap of Metalyst Forgings Ltd?

The Market Cap of Metalyst Forgings Ltd is 17.6 Cr..

What is the current Stock Price of Metalyst Forgings Ltd as on 18 May 2024?

The current stock price of Metalyst Forgings Ltd as on 18 May 2024 is 4.05.

What is the High / Low of Metalyst Forgings Ltd stocks in FY 2024?

In FY 2024, the High / Low of Metalyst Forgings Ltd stocks is ₹5.40/2.45.

What is the Stock P/E of Metalyst Forgings Ltd?

The Stock P/E of Metalyst Forgings Ltd is .

What is the Book Value of Metalyst Forgings Ltd?

The Book Value of Metalyst Forgings Ltd is 580.

What is the Dividend Yield of Metalyst Forgings Ltd?

The Dividend Yield of Metalyst Forgings Ltd is 0.00 %.

What is the ROCE of Metalyst Forgings Ltd?

The ROCE of Metalyst Forgings Ltd is %.

What is the ROE of Metalyst Forgings Ltd?

The ROE of Metalyst Forgings Ltd is %.

What is the Face Value of Metalyst Forgings Ltd?

The Face Value of Metalyst Forgings 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 Metalyst Forgings 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