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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 513377 | NSE: MMTC

MMTC Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:54 pm

Market Cap 11,148 Cr.
Current Price 74.4
High / Low132/49.9
Stock P/E52.6
Book Value 11.5
Dividend Yield0.00 %
ROCE9.23 %
ROE9.97 %
Face Value 1.00
PEG Ratio1.71

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

View Share Price Target for MMTC Ltd

Competitors of MMTC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ind-Agiv Commerce Ltd 6.50 Cr. 65.069.4/35.1 57.70.00 %17.9 %% 10.0
IFL Enterprises Ltd 71.3 Cr. 0.953.43/0.95 0.990.00 %5.06 %3.36 % 1.00
Hira Automobile Ltd 19.6 Cr. 71.271.2/26.128.4 51.40.00 %9.65 %5.10 % 10.0
Hindustan Appliances Ltd 372 Cr. 371371/10.62,188 14.50.00 %0.26 %0.90 % 10.0
Hardwyn India Ltd 1,181 Cr. 33.852.0/26.094.6 11.10.00 %3.92 %2.58 % 1.00
Industry Average12,278.09 Cr156.20160.6788.030.11%13.08%9.75%8.24

All Competitor Stocks of MMTC Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales11,5149,3074,9042,3162,3212,2561,511545763708214-2101
Expenses11,5039,3384,9312,3462,3401,7431,532581797729277-18037
Operating Profit11-31-27-30-19513-21-36-34-21-63-30-36
OPM %0%-0%-1%-1%-1%23%-1%-7%-4%-3%-29%-4,982%
Other Income-10-834-20-129027121,8965244838695
Interest51564850535711210-7701-1
Depreciation1111111111111
Profit before tax-52-922-96-210-74481-1221,8492415185459
Tax %-1%35%-0%-0%-0%75%-0%15%-314%34%21%3%6%
Net Profit-52-597-96-211-74118-1221,5779810155256
EPS in Rs-0.35-3.98-0.64-1.40-0.490.79-0.8110.510.650.070.100.350.37

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
Sales67,02232,88528,14223,93112,60711,82516,45029,43926,30430,00011,7953,527713
Expenses66,97432,80828,00123,93112,66811,93716,42829,25626,43630,04511,3383,634864
Operating Profit48781410-62-11223183-132-45457-107-151
OPM %0%0%0%0%-0%-1%0%1%-0%-0%4%-3%-21%
Other Income608773116851364936-8-859-1262,000309
Interest5932538740312318681442032251227
Depreciation14171724675666554
Profit before tax49-11667105-94-648146-291-1,1121011,766146
Tax %13%46%11%26%-3%-435%21%25%-0%29%355%12%
Net Profit57-111-18-42-97-3038109-292-789-2581,562132
EPS in Rs0.38-0.74-0.12-0.28-0.64-0.200.250.72-1.94-5.26-1.7210.420.89
Dividend Payout %44%-9%-83%-59%-31%-101%80%41%-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 (%)-294.74%83.78%-133.33%-130.95%69.07%226.67%186.84%-367.89%-170.21%67.30%705.43%
Change in YoY Net Profit Growth (%)0.00%378.52%-217.12%2.38%200.02%157.59%-39.82%-554.73%197.68%237.51%638.13%

MMTC 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:-59%
5 Years:-84%
3 Years:-95%
TTM:-100%
Compounded Profit Growth
10 Years:19%
5 Years:5%
3 Years:20%
TTM:57%
Stock Price CAGR
10 Years:6%
5 Years:32%
3 Years:22%
1 Year:45%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital100100100100100100150150150150150150150
Reserves1,3921,3501,2641,1681,1011,1031,119733-50-2981,2621,4761,570
Borrowings1,6795584362734405199613,8502,4222,626203159156
Other Liabilities3,7263,0504,4992,1174,2073,4502,1501,6772,9522,3062,0641,9021,896
Total Liabilities6,8975,0586,3003,6595,8485,1724,3806,4105,4744,7833,6783,6873,773
Fixed Assets16414612257575249494238342927
CWIP1261421531000000000
Investments4734322752142471281478082102127276301
Other Assets6,1354,3385,7493,3865,5444,9924,1846,2825,3504,6433,5173,3823,446
Total Assets6,8975,0586,3003,6595,8485,1724,3806,4105,4744,7833,6783,6873,773

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +68171-178-54273-455-367-2,5881,704-0754-353
Cash from Investing Activity +2501278587-681179-581131,959198
Cash from Financing Activity +-2,158-1,217-178-119110263392,689-1,634-5-2,547-43
Net Cash Flow-1,228-1,019-271-86315-312-194280-3166-198

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow48.0077.00-417.00-436.00-335.00-552.00-496.00-778.00-135.00-47.00455.00-310.00

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 Days2123462416852810124242,537
Inventory Days114513784143110164
Days Payable2921532923251510131837153,948
Cash Conversion Cycle36-177123-622-2-55-111,246
Working Capital Days771022172822571958-8-4,857
ROCE %9%14%6%-8%-5%4%11%-3%-1%19%23%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters89.93%89.93%89.93%89.93%89.93%89.93%89.93%89.93%89.93%89.93%89.93%89.93%
FIIs0.01%0.07%0.02%0.02%0.03%0.02%0.02%0.02%0.00%0.15%0.02%0.09%
DIIs2.81%2.56%2.56%2.56%2.56%2.56%2.56%2.52%2.43%2.70%2.66%2.15%
Public7.25%7.45%7.49%7.49%7.47%7.49%7.48%7.54%7.64%7.23%7.39%7.84%
No. of Shareholders1,79,3861,98,2681,93,9821,94,6621,87,0921,85,2331,84,3502,63,6453,02,0663,48,8003,42,5483,79,581

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund7,617,9410.3961.591,7312024-11-20439989.02%
Nippon India Nifty Smallcap 250 Index Fund106,6450.080.861,7312024-11-206060.89%
Motilal Oswal Nifty Smallcap 250 Index Fund65,1830.080.531,7312024-11-203665.63%
SBI Nifty Smallcap 250 Index Fund54,1620.080.441,7312024-11-203028.94%
ICICI Prudential Nifty Smallcap 250 Index Fund24,7300.080.21,7312024-11-201328.65%
Motilal Oswal Nifty 500 Index Fund6,4610.010.051,7312024-11-20273.25%
Edelweiss Nifty Smallcap 250 Index Fund2,9370.080.021,7312024-11-2069.67%
ICICI Prudential S&P BSE 500 ETF1,7310.010.011,7312024-11-200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.2810.42-1.75-5.26-1.62
Diluted EPS (Rs.)1.2810.42-1.75-5.26-1.62
Cash EPS (Rs.)0.487.18-1.79-5.23-1.43
Book Value[Excl.RevalReserv]/Share (Rs.)10.849.40-0.990.656.06
Book Value[Incl.RevalReserv]/Share (Rs.)10.849.40-0.990.656.06
Revenue From Operations / Share (Rs.)0.0323.5278.64200.01175.36
PBDIT / Share (Rs.)0.24-0.103.06-0.18-0.17
PBIT / Share (Rs.)0.21-0.133.02-0.22-0.22
PBT / Share (Rs.)0.508.510.59-7.42-1.46
Net Profit / Share (Rs.)0.457.15-1.83-5.27-1.47
NP After MI And SOA / Share (Rs.)1.2810.42-1.75-5.26-1.82
PBDIT Margin (%)682.58-0.423.88-0.09-0.10
PBIT Margin (%)601.31-0.573.84-0.11-0.12
PBT Margin (%)1423.7836.170.75-3.71-0.83
Net Profit Margin (%)1277.3430.39-2.32-2.63-0.83
NP After MI And SOA Margin (%)3598.8744.27-2.22-2.63-1.04
Return on Networth / Equity (%)11.82110.740.00-800.40-30.09
Return on Capital Employeed (%)1.93-1.38-425.67-22.98-2.92
Return On Assets (%)5.2142.47-5.48-14.41-4.25
Long Term Debt / Equity (X)0.000.000.000.000.18
Total Debt / Equity (X)0.090.13-17.5724.524.23
Asset Turnover Ratio (%)0.000.831.644.424.40
Current Ratio (X)1.561.480.890.881.13
Quick Ratio (X)1.561.480.880.871.08
Inventory Turnover Ratio (X)0.300.882.850.570.71
Interest Coverage Ratio (X)52.07-0.122.20-0.13-0.18
Interest Coverage Ratio (Post Tax) (X)34.70-1.860.431.43-0.23
Enterprise Value (Cr.)8786.823034.879042.268524.205475.19
EV / Net Operating Revenue (X)1645.470.860.760.280.20
EV / EBITDA (X)241.07-202.3219.71-302.49-206.14
MarketCap / Net Operating Revenue (X)1865.451.190.560.210.07
Price / BV (X)6.132.97-44.3864.502.04
Price / Net Operating Revenue (X)1865.451.190.560.210.07
EarningsYield0.010.37-0.03-0.12-0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MMTC Ltd as of November 23, 2024 is: 61.51

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 November 23, 2024, MMTC Ltd is Overvalued by 17.33% compared to the current share price 74.40

Intrinsic Value of MMTC Ltd as of November 23, 2024 is: 80.46

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 November 23, 2024, MMTC Ltd is Undervalued by 8.15% compared to the current share price 74.40

Last 5 Year EPS CAGR: 30.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.53 and average Dividend Yield of 120.87%.
  2. The stock has a low average Working Capital Days of 19.58, which is a positive sign.
  3. The company has shown consistent growth in sales (77.00 cr) and profit (11.92 cr) over the years.
  1. The stock has a low average ROCE of 6.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 1.00, which may not be favorable.
  3. The company has higher borrowings (1,098.62) compared to reserves (1,014.62), 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 MMTC Ltd:
    1. Net Profit Margin: 1277.34%
      • 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: 1.93% (Industry Average ROCE: 12.31%)
      • 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%: 11.82% (Industry Average ROE: 8.46%)
      • 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): 34.7
      • 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: 1.56
      • 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: 52.6 (Industry average Stock P/E: 115.78)
      • 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: 0.09
      • 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

MMTC Ltd. is a Public Limited Listed company incorporated on 26/09/1963 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L51909DL1963GOI004033 and registration number is 004033. Currently Company is involved in the business activities of Wholesale of fertilizers and agrochemical products. Company’s Total Operating Revenue is Rs. 8393.29 Cr. and Equity Capital is Rs. 150.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Trading & DistributorsCore-1, Scope Complex, 7 Institutional Area, New Delhi Delhi 110003mmtc@mmtclimited.com
http://www.mmtclimited.com
Management
NamePosition Held
Mr. Hardeep SinghChairman & Managing Director
Mr. Kapil Kumar GuptaDirector - Finance & CFO
Ms. S MeenakshiNon Official Independent Director
Mr. Srinivas Rao MaddiNon Official Independent Director
Mr. Nabarun NayakNon Official Independent Director
Mrs. Arti BhatnagarGovernment Nominee Director
Mr. J Ravi ShankerDirector - Marketing

FAQ

What is the latest intrinsic value of MMTC Ltd?

The latest intrinsic value of MMTC Ltd as on 23 November 2024 is ₹61.51, which is 17.33% lower than the current market price of ₹74.40.

What is the Market Cap of MMTC Ltd?

The Market Cap of MMTC Ltd is 11,148 Cr..

What is the current Stock Price of MMTC Ltd as on 23 November 2024?

The current stock price of MMTC Ltd as on 23 November 2024 is 74.4.

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

In FY 2024, the High / Low of MMTC Ltd stocks is 132/49.9.

What is the Stock P/E of MMTC Ltd?

The Stock P/E of MMTC Ltd is 52.6.

What is the Book Value of MMTC Ltd?

The Book Value of MMTC Ltd is 11.5.

What is the Dividend Yield of MMTC Ltd?

The Dividend Yield of MMTC Ltd is 0.00 %.

What is the ROCE of MMTC Ltd?

The ROCE of MMTC Ltd is 9.23 %.

What is the ROE of MMTC Ltd?

The ROE of MMTC Ltd is 9.97 %.

What is the Face Value of MMTC Ltd?

The Face Value of MMTC Ltd is 1.00.

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 MMTC 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