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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of MOIL Ltd

About the Company - MOIL Ltd

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.
INDUSTRYADDRESSCONTACT
Mining/Minerals'MOIL Bhavan', 1-A, Katol Road, Nagpur Maharashtra 440013compliance@moil.nic.in
http://www.moil.nic.in
Management
NamePosition Held
Mr. Ajit Kumar SaxenaChairman & Managing Director
Mr. Rakesh TumaneDirector - Finance
Ms. Usha SinghDirector - Human Resources
Mr. P V V PattnaikDirector - Commercial
Mr. Mirza Mohammad AbdullaDirector - Production & Planning
Mr. Dinesh Kumar GuptaIndependent Director
Mr. Prashant VashishthaIndependent Director
Dr. Archana MajumdarIndependent Director
Dr. Sanjay RoyGovernment Nominee Director
Mr. Nikunj Kumar SrivastavGovernment Nominee Director
Mr. M P ChaudhariDirector

MOIL Ltd. Share Price Update

Share PriceValue
Today₹325.60
Previous Day₹340.35

Basic Stock Data of MOIL Ltd

Market Cap 5,531 Cr.
Current Price 272
High / Low370/141
Stock P/E19.6
Book Value 116
Dividend Yield1.38 %
ROCE14.7 %
ROE11.0 %
Face Value 10.0

Data Source: screener.in

Competitors of MOIL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Orissa Minerals Development Company Ltd 4,069 Cr. 6,7828,344/2,295 43.00.00 %1.48 %% 1.00
NMDC Ltd 69,910 Cr. 239253/10412.2 83.62.78 %30.2 %23.0 % 1.00
Redington Ltd 16,495 Cr. 211220/13613.8 88.23.40 %24.9 %21.9 % 2.00
20 Microns Ltd 546 Cr. 155201/62.810.4 91.10.48 %19.3 %15.3 % 5.00
Vedanta Ltd 1,00,067 Cr. 269305/20820.1 85.037.7 %21.2 %20.4 % 1.00
Industry Average127.2 Cr17611.378.188.87%19.42%16.12%2

MOIL Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales268450293312363468376236302428380348306
Expenses192294210231201254228203247296256251217
Operating Profit76156848116321414833551331249689
OPM %28%35%29%26%45%46%39%14%18%31%33%28%29%
Other Income19312122281515242120262023
Interest0000010000000
Depreciation25282425262826273031333537
Profit before tax70159817916420013830461211168276
Tax %27%27%24%23%24%34%25%8%14%33%25%25%29%
Net Profit511166260124131103274081876254
EPS in Rs2.164.892.602.545.226.445.051.341.943.984.253.022.66

MOIL Ltd Quarterly Chart

MOIL Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8999661,0208226329781,3141,4381,0341,1721,4331,3391,457
Expenses4665325194435626797818427798828919701,049
Operating Profit43343550137971298533596256290541369408
OPM %48%45%49%46%11%31%41%41%25%25%38%28%28%
Other Income20323530331725222117819118149868087
Interest0000030000100
Depreciation30333545525562679699103114130
Profit before tax607637769651270462648720340240523334365
Tax %32%32%34%34%36%34%35%34%27%26%28%25%
Net Profit411432510428173306422474248177377251269
EPS in Rs12.2312.8515.1712.745.1511.4816.3818.4010.467.4418.5312.3113.19
Dividend Payout %20%21%25%33%49%48%34%33%57%99%32%30%

MOIL Ltd Profit & Loss Yearly Chart

MOIL Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:0%
3 Years:9%
TTM:6%
Compounded Profit Growth
10 Years:-6%
5 Years:-11%
3 Years:0%
TTM:-4%
Stock Price CAGR
10 Years:12%
5 Years:16%
3 Years:34%
1 Year:111%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:11%
Last Year:11%

MOIL Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital168168168168168133258258237237203203203
Reserves2,2732,5982,9593,2143,2852,6722,5422,8252,5262,5831,9382,0412,162
Borrowings0000000000000
Other Liabilities302369345266275287441526538570438448412
Total Liabilities2,7433,1353,4723,6483,7283,0923,2413,6093,3013,3902,5802,6922,777
Fixed Assets207234232294311326348430587663676852871
CWIP3927695380116238297242203314270254
Investments444000241157331232152109
Other Assets2,4932,8703,1663,3013,3372,6502,6312,7672,4652,1941,3581,4181,544
Total Assets2,7433,1353,4723,6483,7283,0923,2413,6093,3013,3902,5802,6922,777

MOIL Ltd Reserves and Borrowings Chart

MOIL Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 35034350028-2411852942458291360212
Cash from Investing Activity -44-48164181145-588-397-254687-360693-102
Cash from Financing Activity -98-107-148-171-101-81-213-173-562-131-1,033-122
Net Cash Flow2091885163720-550-82-3184-20020-12

MOIL Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4010940488290533347714439
Inventory Days359596405
Days Payable185203107
Cash Conversion Cycle402834048824825333473694439
Working Capital Days6671246395846-2311-21-115
ROCE %27%24%26%20%8%15%23%24%11%10%20%15%

MOIL Ltd Financial Efficiency Indicators Chart

MOIL Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters64.35%64.35%64.35%64.35%64.68%64.68%64.68%64.68%64.68%64.68%64.68%64.68%
FIIs4.72%5.34%5.27%4.92%5.57%5.76%5.80%5.93%5.97%6.16%5.72%4.71%
DIIs13.82%13.54%13.12%12.59%12.20%12.00%12.09%12.07%12.06%12.33%12.73%11.29%
Public17.11%16.77%17.26%18.14%17.54%17.56%17.42%17.32%17.28%16.84%16.88%19.29%
No. of Shareholders2,57,0622,63,2892,64,4812,66,9962,56,0262,56,8982,54,4492,50,4782,48,0852,42,8172,27,3192,39,111

MOIL Ltd Shareholding Pattern Chart

No. of MOIL Ltd Shareholders

MOIL Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Active Fund28921941.2885.7
UTI Mid Cap Fund17010830.5450.4
UTI Dividend Yield Fund9206560.8327.28
Mahindra Manulife Small Cap Fund9000001.0426.67
Bandhan Core Equity Fund8250000.7724.44
Bandhan Small Cap Fund7601570.722.52
Aditya Birla Sun Life PSU Equity Fund5625691.1216.67
Mahindra Manulife Business Cycle Fund3550002.0210.52
Motilal Oswal Nifty Microcap 250 Index Fund788300.412.34
Mahindra Manulife Equity Savings Fund250000.180.74

MOIL Ltd ROCE Trend

MOIL Ltd EPS Trend

MOIL Ltd Key Financial Ratios

MonthMar 20Mar 19Mar 18Mar 17Mar 16
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.8018.5720.8520.3210.28
Diluted EPS (Rs.)9.8018.5720.8520.3210.28
Cash EPS (Rs.)14.5121.2018.8127.2013.42
Book Value[Excl.RevalReserv]/Share (Rs.)116.44119.67108.48210.63205.46
Book Value[Incl.RevalReserv]/Share (Rs.)116.44119.67108.48210.63205.46
Revenue From Operations / Share (Rs.)43.7455.9251.2073.7237.42
PBDIT / Share (Rs.)18.4030.7427.5838.9220.45
PBIT / Share (Rs.)14.3428.1525.1534.8117.31
PBT / Share (Rs.)14.3428.1525.1534.8116.07
Net Profit / Share (Rs.)10.4618.6016.3823.1010.28
NP After MI And SOA / Share (Rs.)10.4618.5716.2023.0810.28
PBDIT Margin (%)42.0554.9753.8652.7954.63
PBIT Margin (%)32.7950.3349.1247.2246.26
PBT Margin (%)32.7950.3349.1247.2242.95
Net Profit Margin (%)23.9033.2631.9931.3227.47
NP After MI And SOA Margin (%)23.9133.2131.6431.3027.47
Return on Networth / Equity (%)8.9815.5214.9310.955.00
Return on Capital Employeed (%)12.2323.3923.0216.418.37
Return On Assets (%)7.5213.2712.899.944.62
Asset Turnover Ratio (%)0.300.420.410.290.17
Current Ratio (X)4.575.536.169.7212.55
Quick Ratio (X)4.225.335.939.2611.93
Inventory Turnover Ratio (X)0.110.380.270.840.11
Dividend Payout Ratio (NP) (%)-72.1129.6138.2821.6648.61
Dividend Payout Ratio (CP) (%)-51.9725.9833.3018.3937.26
Earning Retention Ratio (%)0.0070.3961.7278.3451.39
Cash Earning Retention Ratio (%)0.0074.0266.7081.6162.74
Enterprise Value (Cr.)584.281834.062903.572090.30801.13
EV / Net Operating Revenue (X)0.561.272.202.131.27
EV / EBITDA (X)1.342.324.094.032.33
MarketCap / Net Operating Revenue (X)2.322.843.824.265.81
Retention Ratios (%)0.0070.3861.7178.3351.38
Price / BV (X)0.871.331.801.491.06
Price / Net Operating Revenue (X)2.322.843.824.265.81
EarningsYield0.100.110.080.070.04

MOIL Ltd Profitability Ratios (%)

MOIL Ltd Liquidity Ratios

MOIL Ltd Liquidity Ratios (%)

MOIL Ltd Interest Coverage Ratios (%)

MOIL Ltd Valuation Ratios

Fair Value of MOIL Ltd Stock

Fair Value: ₹253.55

The stock is overvalued by 6.78% compared to the current price ₹272

*Investments are subject to market risks

Strength and Weakness of MOIL Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.58%, which is a positive sign.
  2. The company has higher reserves (2,586.00 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (331.15 cr) and profit (505.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.95 and average Dividend Yield of 45.14%.
  2. The stock has a high average Working Capital Days of 32.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 130.00, which may not be favorable.

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 MOIL 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