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

Fundamental Analysis of MPS Ltd

About the Company - MPS Ltd

MPS Ltd. is a Public Limited Listed company incorporated on 19/01/1970 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L22122TN1970PLC005795 and registration number is 005795. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company’s Total Operating Revenue is Rs. 284.02 Cr. and Equity Capital is Rs. 17.11 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Training ServicesRR Towers IV, Super A, 16/17, Chennai (Madras) Tamil Nadu 600032investors@mpslimited.com
http://www.mpslimited.com
Management
NamePosition Held
Mr. Rahul AroraChairman & Managing Director
Ms. Yamini TandonNon Executive Director
Mr. Ajay MankotiaIndependent Director
Ms. Jayantika DaveIndependent Director
Dr. Piyush Kumar RastogiIndependent Director
Ms. Achal KhannaIndependent Director

Basic Stock Data of MPS Ltd

Last Updated: June 19, 2024, 2:33 pm

Market Cap 3,490 Cr.
Current Price 2,040
High / Low2,119/990
Stock P/E32.8
Book Value 217
Dividend Yield3.68 %
ROCE39.4 %
ROE29.4 %
Face Value 10.0
PEG Ratio1.95

Competitors of MPS Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NIIT Ltd 1,406 Cr. 104155/77.136.0 76.50.48 %4.62 %3.84 % 2.00
Compucom Software Ltd 238 Cr. 30.145.0/18.644.8 18.01.33 %5.87 %3.77 % 2.00
Aptech Ltd 1,330 Cr. 229389/20139.2 44.81.96 %18.4 %13.2 % 10.0
Industry Average991.33 Cr121.0340.0046.431.26%9.63%6.94%4.67

MPS Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales76817473726569777577808084
Expenses49554948463946454542464648
Operating Profit27262525262623323135343436
OPM %36%32%34%34%36%40%33%42%41%45%43%42%43%
Other Income4133232142228
Interest0000000000000
Depreciation3333333333333
Profit before tax27232425242622303134343342
Tax %44%24%28%26%29%27%27%26%25%26%27%27%23%
Net Profit15181818171916222325252432
EPS in Rs8.449.849.7410.079.5010.849.3213.0013.6014.5214.4114.1418.71

Last Updated: April 10, 2024, 4:14 am

MPS Ltd Quarterly Chart

MPS Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales191164188203224224218224188279284298322
Expenses169121124127134136135137127186182178183
Operating Profit22436576908783866093102120139
OPM %11%26%34%37%40%39%38%39%32%33%36%40%43%
Other Income557181818252618911915
Interest1100000011111
Depreciation117554586712131211
Profit before tax15406689104101101106708898117142
Tax %25%20%34%34%32%31%32%29%24%31%27%26%
Net Profit113243597169687553617186106
EPS in Rs6.4718.9825.8631.5337.8837.1436.6440.1528.3533.5341.7850.4461.78
Dividend Payout %62%53%66%70%58%0%33%62%176%0%72%40%

MPS Ltd Profit & Loss Yearly Chart

MPS Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:5%
TTM:10%
Compounded Profit Growth
10 Years:9%
5 Years:11%
3 Years:21%
TTM:24%
Stock Price CAGR
10 Years:20%
5 Years:30%
3 Years:55%
1 Year:71%
Return on Equity
10 Years:20%
5 Years:21%
3 Years:25%
Last Year:29%

Last Updated: June 16, 2024, 5:03 pm

MPS Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171719191919191918171717
Reserves536676235256326393441323341309335347
Borrowings5500000011121175
Other Liabilities29292425232427231767634755
Total Liabilities104116117278298368439483370438400406424
Fixed Assets26221922242631263083807472
CWIP0000000000000
Investments121828177193253331308195130122131134
Other Assets65767080819078150144225198201219
Total Assets104116117278298368439483370438400406424

MPS Ltd Reserves and Borrowings Chart

MPS Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 73242505050704349778175
Cash from Investing Activity -13-7-11-150-9-50-71-13147-37263
Cash from Financing Activity -9-24-34104-49-0-0-27-172-49-113-69
Net Cash Flow-160-23-9-1-0324-9-69

MPS Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days466656595963606263756360
Inventory Days
Days Payable
Cash Conversion Cycle466656595963606263756360
Working Capital Days27402837446967109128524873
ROCE %23%50%74%47%34%30%23%21%16%24%28%34%

MPS Ltd Financial Efficiency Indicators Chart

MPS Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.99%67.99%67.99%67.99%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%
FIIs5.22%5.14%5.34%5.34%5.31%4.73%4.45%3.84%3.95%3.85%3.80%3.71%
DIIs3.06%0.85%1.19%0.88%0.70%0.70%0.60%0.60%0.60%0.60%0.60%0.56%
Public23.74%26.02%25.48%25.79%25.65%26.23%26.61%27.22%26.42%26.37%26.42%26.53%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.70%0.85%0.85%0.85%
No. of Shareholders12,69612,81712,96922,24815,14314,71713,28013,57413,31013,60214,29915,737

MPS Ltd Shareholding Pattern Chart

No. of MPS Ltd Shareholders

MPS Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quantum Small Cap Fund1,2630.780.231,2632024-06-180%

MPS Ltd ROCE Trend

MPS Ltd EPS Trend

MPS Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)71.0163.8748.6131.9232.15
Diluted EPS (Rs.)69.9663.8748.6131.9232.15
Cash EPS (Rs.)81.0975.2362.9844.2040.41
Book Value[Excl.RevalReserv]/Share (Rs.)268.74247.69214.47211.14197.08
Book Value[Incl.RevalReserv]/Share (Rs.)268.74247.69214.47211.14197.08
Revenue From Operations / Share (Rs.)318.71292.91262.41234.10178.15
PBDIT / Share (Rs.)106.4397.9481.9064.6253.14
PBIT / Share (Rs.)94.7586.5469.8552.8744.89
PBT / Share (Rs.)94.2585.8968.9651.7443.73
Net Profit / Share (Rs.)69.4263.8350.9332.4432.15
NP After MI And SOA / Share (Rs.)69.4263.8350.9332.4432.15
PBDIT Margin (%)33.3933.4331.2127.6029.83
PBIT Margin (%)29.7229.5426.6122.5825.19
PBT Margin (%)29.5729.3226.2722.1024.54
Net Profit Margin (%)21.7821.7919.4013.8518.04
NP After MI And SOA Margin (%)21.7821.7919.4013.8518.04
Return on Networth / Equity (%)25.8225.7723.7415.3616.31
Return on Capital Employeed (%)30.6933.2230.8523.5121.75
Return On Assets (%)16.1219.7917.5411.5413.49
Asset Turnover Ratio (%)0.840.660.620.630.41
Current Ratio (X)1.613.362.712.665.27
Quick Ratio (X)1.613.362.712.665.27
Dividend Payout Ratio (NP) (%)0.0046.990.000.00233.26
Dividend Payout Ratio (CP) (%)0.0039.870.000.00185.61
Earning Retention Ratio (%)0.0053.010.000.00-133.26
Cash Earning Retention Ratio (%)0.0060.130.000.00-85.61
Interest Coverage Ratio (X)211.74151.2391.4357.2446.04
Interest Coverage Ratio (Post Tax) (X)139.1099.5757.8629.7428.86
Enterprise Value (Cr.)2504.601669.61876.67740.14278.99
EV / Net Operating Revenue (X)4.593.331.951.750.84
EV / EBITDA (X)13.759.976.266.342.82
MarketCap / Net Operating Revenue (X)4.803.652.251.991.13
Retention Ratios (%)0.0053.000.000.00-133.26
Price / BV (X)5.704.312.752.211.02
Price / Net Operating Revenue (X)4.803.652.251.991.13
EarningsYield0.040.050.080.060.16

MPS Ltd Profitability Ratios (%)

MPS Ltd Liquidity Ratios

MPS Ltd Liquidity Ratios (%)

MPS Ltd Interest Coverage Ratios (%)

MPS Ltd Valuation Ratios

Fair Value

Fair Value: 2,169.58

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: 6.35% compared to the current price 2040

Intrinsic Value: 2,535.33

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: 24.28% compared to the current price ₹2040

Last 5 Year EPS CAGR: 16.86%

*Investments are subject to market risks

Strength and Weakness of MPS Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 33.67%, which is a positive sign.
  2. The company has higher reserves (269.31 cr) compared to borrowings (4.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (231.31 cr) and profit (87.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 60.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 61.00, which may not be favorable.

FAQ

What is the latest fair value of MPS Ltd?

The latest fair value of MPS Ltd is ₹2169.58.

What is the Market Cap of MPS Ltd?

The Market Cap of MPS Ltd is 3,490 Cr..

What is the current Stock Price of MPS Ltd as on 21 June 2024?

The current stock price of MPS Ltd as on 21 June 2024 is ₹2,040.

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

In FY 2024, the High / Low of MPS Ltd stocks is 2,119/990.

What is the Stock P/E of MPS Ltd?

The Stock P/E of MPS Ltd is 32.8.

What is the Book Value of MPS Ltd?

The Book Value of MPS Ltd is 217.

What is the Dividend Yield of MPS Ltd?

The Dividend Yield of MPS Ltd is 3.68 %.

What is the ROCE of MPS Ltd?

The ROCE of MPS Ltd is 39.4 %.

What is the ROE of MPS Ltd?

The ROE of MPS Ltd is 29.4 %.

What is the Face Value of MPS Ltd?

The Face Value of MPS 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 MPS 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