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Last Updated on: 12 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

MPS Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 11, 2024, 10:36 pm

Market Cap 3,580 Cr.
Current Price 2,107
High / Low2,470/1,315
Stock P/E32.1
Book Value 204
Dividend Yield3.56 %
ROCE39.0 %
ROE29.2 %
Face Value 10.0
PEG Ratio1.90

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

View Share Price Target for MPS Ltd

Competitors of MPS Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
G-Tech Info Training Ltd 0.64 Cr. 1.841.84/1.3332.0 0.370.00 %19.0 %9.52 % 1.00
Aptech Ltd 1,028 Cr. 177298/16044.8 41.92.54 %18.6 %13.1 % 10.0
NIIT Ltd 2,926 Cr. 216234/90.662.8 77.40.58 %4.64 %3.80 % 2.00
MPS Ltd 3,580 Cr. 2,1072,470/1,31532.1 2043.56 %39.0 %29.2 % 10.0
Compucom Software Ltd 239 Cr. 29.741.6/22.4161 17.61.35 %6.00 %3.77 % 2.00
Industry Average1,943.25 Cr506.3166.5468.251.61%17.45%11.88%5.00

All Competitor Stocks of MPS Ltd

Quarterly Result

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: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)190.91%34.38%37.21%20.34%-2.82%-1.45%10.29%-29.33%15.09%16.39%21.13%
Change in YoY Net Profit Growth (%)0.00%-156.53%2.83%-16.87%-23.16%1.37%11.74%-39.63%44.43%1.30%4.73%

MPS 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:6%
5 Years:8%
3 Years:5%
TTM:7%
Compounded Profit Growth
10 Years:9%
5 Years:11%
3 Years:21%
TTM:15%
Stock Price CAGR
10 Years:11%
5 Years:36%
3 Years:44%
1 Year:25%
Return on Equity
10 Years:20%
5 Years:21%
3 Years:25%
Last Year:29%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital17171919191919191817171717
Reserves6676235256326393441323341309335354331
Borrowings5000000111211746
Other Liabilities29242523242723176763473436
Total Liabilities116117278298368439483370438400406408391
Fixed Assets22192224263126308380746974
CWIP0000000000010
Investments1828177193253331308195130122131148121
Other Assets767080819078150144225198201190196
Total Assets116117278298368439483370438400406408391

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +324250505070434977817582
Cash from Investing Activity +-7-11-150-9-50-71-13147-3726311
Cash from Financing Activity +-24-34104-49-0-0-27-172-49-113-69-92
Net Cash Flow0-23-9-1-0324-9-691

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow22.0038.0065.0076.0090.0087.0083.0086.0049.0081.0091.00113.00

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 Days665659596360626375636052
Inventory Days
Days Payable
Cash Conversion Cycle665659596360626375636052
Working Capital Days40283744696710912852487388
ROCE %50%74%47%34%30%23%21%16%24%28%34%39%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters67.99%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%68.34%
FIIs5.34%5.31%4.73%4.45%3.84%3.95%3.85%3.80%3.71%3.70%3.45%2.69%
DIIs0.88%0.70%0.70%0.60%0.60%0.60%0.60%0.60%0.56%0.48%0.33%0.34%
Public25.79%25.65%26.23%26.61%27.22%26.42%26.37%26.42%26.53%26.61%27.02%27.77%
Others0.00%0.00%0.00%0.00%0.00%0.70%0.85%0.85%0.85%0.85%0.85%0.85%
No. of Shareholders22,24815,14314,71713,28013,57413,31013,60214,29915,73715,62715,37616,091

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quantum Small Cap Fund1,2630.780.231,2632024-12-050%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)70.0163.8748.6131.9232.15
Diluted EPS (Rs.)69.9663.8748.6131.9232.15
Cash EPS (Rs.)81.1175.2362.9844.2040.41
Book Value[Excl.RevalReserv]/Share (Rs.)268.81247.69214.47211.14197.08
Book Value[Incl.RevalReserv]/Share (Rs.)268.81247.69214.47211.14197.08
Revenue From Operations / Share (Rs.)318.78292.91262.41234.10178.15
PBDIT / Share (Rs.)106.4697.9481.9064.6253.14
PBIT / Share (Rs.)94.7886.5469.8552.8744.89
PBT / Share (Rs.)94.2785.8968.9651.7443.73
Net Profit / Share (Rs.)69.4363.8350.9332.4432.15
NP After MI And SOA / Share (Rs.)69.4363.8350.9332.4432.15
PBDIT Margin (%)33.3933.4331.2127.6029.83
PBIT Margin (%)29.7329.5426.6122.5825.19
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 (%)0.840.950.620.630.41
Current Ratio (X)1.613.362.712.665.27
Quick Ratio (X)1.613.362.712.665.27
Dividend Payout Ratio (NP) (%)72.8146.990.000.00233.26
Dividend Payout Ratio (CP) (%)62.3239.870.000.00185.61
Earning Retention Ratio (%)27.1953.010.000.00-133.26
Cash Earning Retention Ratio (%)37.6860.130.000.00-85.61
Interest Coverage Ratio (X)211.26151.2391.4357.2446.04
Interest Coverage Ratio (Post Tax) (X)138.7899.5757.8629.7428.86
Enterprise Value (Cr.)2503.961669.61876.67740.14278.99
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 (%)27.1853.000.000.00-133.26
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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MPS Ltd as of December 12, 2024 is: 1,980.20

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 12, 2024, MPS Ltd is Overvalued by 6.02% compared to the current share price 2,107.00

Intrinsic Value of MPS Ltd as of December 12, 2024 is: 2,314.02

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 12, 2024, MPS Ltd is Undervalued by 9.83% compared to the current share price 2,107.00

Last 5 Year EPS CAGR: 16.86%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 35.00%, which is a positive sign.
  2. The company has higher reserves (291.23 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 65.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 61.50, 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 MPS Ltd:
    1. Net Profit Margin: 21.78%
      • 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: 30.69% (Industry Average ROCE: 17.45%)
      • 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%: 25.82% (Industry Average ROE: 11.88%)
      • 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): 138.78
      • 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: 1.61
      • 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: 32.1 (Industry average Stock P/E: 66.54)
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest intrinsic value of MPS Ltd?

The latest intrinsic value of MPS Ltd as on 12 December 2024 is ₹1980.20, which is 6.02% lower than the current market price of ₹2,107.00. The stock has a market capitalization of 3,580 Cr. and recorded a high/low of ₹2,470/1,315 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹331 Cr and total liabilities of ₹391 Cr.

What is the Market Cap of MPS Ltd?

The Market Cap of MPS Ltd is 3,580 Cr..

What is the current Stock Price of MPS Ltd as on 12 December 2024?

The current stock price of MPS Ltd as on 12 December 2024 is 2,107.

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

In FY 2024-2025, the High / Low of MPS Ltd stocks is 2,470/1,315.

What is the Stock P/E of MPS Ltd?

The Stock P/E of MPS Ltd is 32.1.

What is the Book Value of MPS Ltd?

The Book Value of MPS Ltd is 204.

What is the Dividend Yield of MPS Ltd?

The Dividend Yield of MPS Ltd is 3.56 %.

What is the ROCE of MPS Ltd?

The ROCE of MPS Ltd is 39.0 %.

What is the ROE of MPS Ltd?

The ROE of MPS Ltd is 29.2 %.

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