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

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:10 am

Market Cap	6,847 Cr.
Current Price	336
High / Low	588/260
Stock P/E	19.7
Book Value	128
Dividend Yield	1.80 %
ROCE	16.1 %
ROE	12.2 %
Face Value	10.0
PEG Ratio	1.04

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for MOIL Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Ganesha Ecoverse Ltd	114 Cr.	46.2	71.9/42.8	20.9	4.29	0.00 %	28.2 %	39.4 %	10.0
Foundry Fuel Products Ltd	5.71 Cr.	7.12	14.6/5.10		1.35	0.00 %	%	%	10.0
Deccan Gold Mines Ltd	1,781 Cr.	116	179/88.5		14.3	0.00 %	8.77 %	34.8 %	1.00
Asi Industries Ltd	482 Cr.	53.5	65.9/20.2	17.9	35.9	0.65 %	10.1 %	7.47 %	1.00
Anmol India Ltd	152 Cr.	26.6	65.9/26.5	11.3	18.4	0.00 %	14.9 %	23.6 %	10.0
Industry Average	36,392.80 Cr	750.61		40.61	78.77	1.70%	21.11%	21.07%	5.18

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	293	312	363	468	376	236	302	428	380	348	306	416	493
Expenses	210	231	201	254	228	203	247	296	256	251	217	288	279
Operating Profit	84	81	163	214	148	33	55	133	124	96	89	128	214
OPM %	29%	26%	45%	46%	39%	14%	18%	31%	33%	28%	29%	31%	43%
Other Income	21	22	28	15	15	24	21	20	26	20	23	24	27
Interest	0	0	0	1	0	0	0	0	0	0	0	0	0
Depreciation	24	25	26	28	26	27	30	31	33	35	37	39	36
Profit before tax	81	79	164	200	138	30	46	121	116	82	76	113	204
Tax %	24%	23%	24%	34%	25%	8%	14%	33%	25%	25%	29%	19%	25%
Net Profit	62	60	124	131	103	27	40	81	87	62	54	91	152
EPS in Rs	2.60	2.54	5.22	6.44	5.05	1.34	1.94	3.98	4.25	3.02	2.66	4.48	7.49

Last Updated: September 12, 2024, 2:28 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 2:29 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	966	1,020	822	632	978	1,314	1,438	1,034	1,172	1,433	1,339	1,447	1,563
Expenses	532	519	443	562	679	781	842	779	882	891	970	1,010	1,035
Operating Profit	435	501	379	71	298	533	596	256	290	541	369	438	528
OPM %	45%	49%	46%	11%	31%	41%	41%	25%	25%	38%	28%	30%	34%
Other Income	235	303	317	252	221	178	191	181	49	86	80	94	95
Interest	0	0	0	0	3	0	0	0	0	1	0	0	0
Depreciation	33	35	45	52	55	62	67	96	99	103	114	144	147
Profit before tax	637	769	651	270	462	648	720	340	240	523	334	387	475
Tax %	32%	34%	34%	36%	34%	35%	34%	27%	26%	28%	25%	24%
Net Profit	432	510	428	173	306	422	474	248	177	377	251	293	359
EPS in Rs	12.85	15.17	12.74	5.15	11.48	16.38	18.40	10.46	7.44	18.53	12.31	14.42	17.65
Dividend Payout %	21%	25%	33%	49%	48%	34%	33%	57%	99%	32%	30%	42%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	18.06%	-16.08%	-59.58%	76.88%	37.91%	12.32%	-47.68%	-28.63%	112.99%	-33.42%	16.73%
Change in YoY Net Profit Growth (%)	0.00%	-34.13%	-43.50%	136.46%	-38.97%	-25.59%	-60.00%	19.05%	141.62%	-146.42%	50.15%

MOIL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	0%
3 Years:	7%
TTM:	3%

Compounded Profit Growth
10 Years:	-6%
5 Years:	-9%
3 Years:	11%
TTM:	29%

Stock Price CAGR
10 Years:	8%
5 Years:	19%
3 Years:	23%
1 Year:	10%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	13%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	168	168	168	168	133	258	258	237	237	203	203	203	203
Reserves	2,598	2,959	3,214	3,285	2,672	2,542	2,825	2,526	2,583	1,938	2,041	2,250	2,400
Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	369	345	266	275	287	441	526	538	570	438	448	436	507
Total Liabilities	3,135	3,472	3,648	3,728	3,092	3,241	3,609	3,301	3,390	2,580	2,692	2,889	3,111
Fixed Assets	234	232	294	311	326	348	430	587	663	676	852	926	910
CWIP	27	69	53	80	116	238	297	242	203	314	271	357	376
Investments	4	4	0	0	0	24	115	7	331	232	151	128	92
Other Assets	2,870	3,166	3,301	3,337	2,650	2,631	2,767	2,465	2,194	1,358	1,418	1,478	1,733
Total Assets	3,135	3,472	3,648	3,728	3,092	3,241	3,609	3,301	3,390	2,580	2,692	2,889	3,111

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	343	500	28	-24	118	529	424	58	291	360	212	253
Cash from Investing Activity +	-48	164	181	145	-588	-397	-254	687	-360	693	-102	-141
Cash from Financing Activity +	-107	-148	-171	-101	-81	-213	-173	-562	-131	-1,033	-122	-85
Net Cash Flow	188	516	37	20	-550	-82	-3	184	-200	20	-12	27

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	435.00	501.00	379.00	71.00	298.00	533.00	596.00	256.00	290.00	541.00	369.00	438.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	109	40	48	82	90	53	33	47	71	44	39	53
Inventory Days	359				596				405
Days Payable	185				203				107
Cash Conversion Cycle	283	40	48	82	482	53	33	47	369	44	39	53
Working Capital Days	71	24	63	95	84	6	-23	11	-21	-1	15	50
ROCE %	24%	26%	20%	8%	15%	23%	24%	11%	10%	20%	15%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	64.35%	64.35%	64.68%	64.68%	64.68%	64.68%	64.68%	64.68%	64.68%	64.68%	64.68%	64.68%
FIIs	5.27%	4.92%	5.57%	5.76%	5.80%	5.93%	5.97%	6.16%	5.72%	4.71%	2.35%	3.48%
DIIs	13.12%	12.59%	12.20%	12.00%	12.09%	12.07%	12.06%	12.33%	12.73%	11.29%	12.35%	10.00%
Public	17.26%	18.14%	17.54%	17.56%	17.42%	17.32%	17.28%	16.84%	16.88%	19.29%	20.60%	21.83%
No. of Shareholders	2,64,481	2,66,996	2,56,026	2,56,898	2,54,449	2,50,478	2,48,085	2,42,817	2,27,319	2,39,111	2,52,665	2,66,381

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Small Cap Fund	247,970	0.18	12.19	247,970	2024-12-14	0%
Canara Robeco Infrastructure	180,000	1	8.85	247,970	2024-12-14	-27.41%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	9.80	18.57	20.85	20.32	10.28
Diluted EPS (Rs.)	9.80	18.57	20.85	20.32	10.28
Cash EPS (Rs.)	14.51	21.20	18.81	27.20	13.42
Book Value[Excl.RevalReserv]/Share (Rs.)	116.44	119.67	108.48	210.63	205.46
Book Value[Incl.RevalReserv]/Share (Rs.)	116.44	119.67	108.48	210.63	205.46
Revenue From Operations / Share (Rs.)	43.74	55.92	51.20	73.72	37.42
PBDIT / Share (Rs.)	18.40	30.74	27.58	38.92	20.45
PBIT / Share (Rs.)	14.34	28.15	25.15	34.81	17.31
PBT / Share (Rs.)	14.34	28.15	25.15	34.81	16.07
Net Profit / Share (Rs.)	10.46	18.60	16.38	23.10	10.28
NP After MI And SOA / Share (Rs.)	10.46	18.57	16.20	23.08	10.28
PBDIT Margin (%)	42.05	54.97	53.86	52.79	54.63
PBIT Margin (%)	32.79	50.33	49.12	47.22	46.26
PBT Margin (%)	32.79	50.33	49.12	47.22	42.95
Net Profit Margin (%)	23.90	33.26	31.99	31.32	27.47
NP After MI And SOA Margin (%)	23.91	33.21	31.64	31.30	27.47
Return on Networth / Equity (%)	8.98	15.52	14.93	10.95	5.00
Return on Capital Employeed (%)	12.23	23.39	23.02	16.41	8.37
Return On Assets (%)	7.52	13.27	12.89	9.94	4.62
Asset Turnover Ratio (%)	0.30	0.42	0.41	0.29	0.17
Current Ratio (X)	4.57	5.53	6.16	9.72	12.55
Quick Ratio (X)	4.22	5.33	5.93	9.26	11.93
Inventory Turnover Ratio (X)	0.11	0.38	0.27	0.84	0.11
Dividend Payout Ratio (NP) (%)	-72.11	29.61	38.28	21.66	48.61
Dividend Payout Ratio (CP) (%)	-51.97	25.98	33.30	18.39	37.26
Earning Retention Ratio (%)	0.00	70.39	61.72	78.34	51.39
Cash Earning Retention Ratio (%)	0.00	74.02	66.70	81.61	62.74
Enterprise Value (Cr.)	584.28	1834.06	2903.57	2090.30	801.13
EV / Net Operating Revenue (X)	0.56	1.27	2.20	2.13	1.27
EV / EBITDA (X)	1.34	2.32	4.09	4.03	2.33
MarketCap / Net Operating Revenue (X)	2.32	2.84	3.82	4.26	5.81
Retention Ratios (%)	0.00	70.38	61.71	78.33	51.38
Price / BV (X)	0.87	1.33	1.80	1.49	1.06
Price / Net Operating Revenue (X)	2.32	2.84	3.82	4.26	5.81
EarningsYield	0.10	0.11	0.08	0.07	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MOIL Ltd as of December 22, 2024 is: 313.17

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 22, 2024, MOIL Ltd is Overvalued by 6.79% compared to the current share price 336.00

Intrinsic Value of MOIL Ltd as of December 22, 2024 is: 372.23

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 22, 2024, MOIL Ltd is Undervalued by 10.78% compared to the current share price 336.00

Last 5 Year EPS CAGR: 18.86%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.67%, which is a positive sign. The company has higher reserves (2,602.54 cr) compared to borrowings (0.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (262.08 cr) and profit (496.62 cr) over the years.	The stock has a high average Working Capital Days of 31.17, which may not be favorable. The stock has a high average Cash Conversion Cycle of 131.08, 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 MOIL Ltd:
1. Net Profit Margin: 23.9%
  - 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: 12.23% (Industry Average ROCE: 19.86%)
  - 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%: 8.98% (Industry Average ROE: 18.59%)
  - 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
  - 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: 4.22
  - 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: 19.7 (Industry average Stock P/E: 35.83)
  - 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
  - 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

MOIL Ltd. is a Public Limited Listed company incorporated on 22/06/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1962GOI012398 and registration number is 012398. Currently Company is involved in the business activities of Manufacture of ferro-alloys. Company’s Total Operating Revenue is Rs. 1436.30 Cr. and Equity Capital is Rs. 203.49 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Mining/Minerals	'MOIL Bhavan', 1-A, Katol Road, Nagpur Maharashtra 440013	compliance@moil.nic.in http://www.moil.nic.in

Management
Name	Position Held
Mr. Ajit Kumar Saxena	Chairman & Managing Director
Mr. P Karaiya	Executive Director -Technical
Mrs. Usha Singh	Director - Human Resources
Mrs. Rashmi Singh	Director - Commercial
Mr. M M Abdulla	Director - Production & Planning
Mr. Rakesh Tumane	Director - Finance
Mr. Prashant Vashishtha	Independent Director
Mr. Dinesh Kumar Gupta	Independent Director
Mr. Vinod Kumar Tripathi	Government Nominee Director
Dr. Archana Majumdar	Independent Director

FAQ

What is the latest intrinsic value of MOIL Ltd?

The latest intrinsic value of MOIL Ltd as on 22 December 2024 is ₹313.17, which is 6.79% lower than the current market price of ₹336.00. The stock has a market capitalization of 6,847 Cr. and recorded a high/low of 588/260 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,400 Cr and total liabilities of ₹3,111 Cr.

What is the Market Cap of MOIL Ltd?

The Market Cap of MOIL Ltd is 6,847 Cr..

What is the current Stock Price of MOIL Ltd as on 22 December 2024?

The current stock price of MOIL Ltd as on 22 December 2024 is 336.

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

In FY 2024-2025, the High / Low of MOIL Ltd stocks is 588/260.

What is the Stock P/E of MOIL Ltd?

The Stock P/E of MOIL Ltd is 19.7.

What is the Book Value of MOIL Ltd?

The Book Value of MOIL Ltd is 128.

What is the Dividend Yield of MOIL Ltd?

The Dividend Yield of MOIL Ltd is 1.80 %.

What is the ROCE of MOIL Ltd?

The ROCE of MOIL Ltd is 16.1 %.

What is the ROE of MOIL Ltd?

The ROE of MOIL Ltd is 12.2 %.

What is the Face Value of MOIL Ltd?

The Face Value of MOIL Ltd is 10.0.