Mysore Petro Chemicals Ltd
Incorporated in 1969, Mysore Petro Chemicals Ltd is engaged in trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.
- Market Cap ₹ 115 Cr.
- Current Price ₹ 175
- High / Low ₹ 235 / 107
- Stock P/E 15.4
- Book Value ₹ 155
- Dividend Yield 1.44 %
- ROCE 2.73 %
- ROE 2.26 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 122 days to 82.1 days
Cons
- Company has a low return on equity of 6.25% over last 3 years.
- Earnings include an other income of Rs.17.2 Cr.
- Debtor days have increased from 70.4 to 104 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
73.42 | 132.75 | 39.93 | 32.87 | 23.29 | 30.30 | 6.23 | 32.58 | 12.98 | 22.84 | 20.90 | 18.41 | 19.33 | |
69.90 | 123.51 | 29.47 | 17.38 | 17.14 | 24.60 | 9.79 | 35.95 | 15.53 | 24.99 | 23.65 | 25.56 | 26.64 | |
Operating Profit | 3.52 | 9.24 | 10.46 | 15.49 | 6.15 | 5.70 | -3.56 | -3.37 | -2.55 | -2.15 | -2.75 | -7.15 | -7.31 |
OPM % | 4.79% | 6.96% | 26.20% | 47.13% | 26.41% | 18.81% | -57.14% | -10.34% | -19.65% | -9.41% | -13.16% | -38.84% | -37.82% |
0.73 | 0.20 | -0.05 | 0.93 | 0.98 | 1.36 | 74.93 | 8.76 | 7.84 | 2.93 | 14.26 | 12.67 | 17.21 | |
Interest | 2.74 | 3.20 | 2.46 | 1.35 | 0.77 | 1.20 | 0.07 | 0.04 | 0.06 | 0.34 | 0.26 | 0.58 | 0.24 |
Depreciation | 4.43 | 3.18 | 3.53 | 2.74 | 2.77 | 2.93 | 0.78 | 0.68 | 0.63 | 0.60 | 0.59 | 0.43 | 0.44 |
Profit before tax | -2.92 | 3.06 | 4.42 | 12.33 | 3.59 | 2.93 | 70.52 | 4.67 | 4.60 | -0.16 | 10.66 | 4.51 | 9.22 |
Tax % | -45.89% | 33.01% | 23.98% | 41.52% | 46.52% | 29.69% | 24.06% | 15.85% | 11.74% | -537.50% | 17.82% | 9.31% | |
-4.26 | 2.04 | 3.37 | 7.22 | 1.92 | 2.06 | 53.55 | 3.93 | 4.06 | -1.02 | 8.75 | 4.09 | 7.48 | |
EPS in Rs | -6.47 | 3.10 | 5.12 | 10.97 | 2.92 | 3.13 | 81.34 | 5.97 | 6.17 | -1.55 | 13.29 | 6.21 | 11.36 |
Dividend Payout % | 0.00% | 0.00% | 29.33% | 18.25% | 34.32% | 31.99% | 2.46% | 33.54% | 32.46% | -129.22% | 18.83% | 40.28% |
Compounded Sales Growth | |
---|---|
10 Years: | -18% |
5 Years: | 24% |
3 Years: | 12% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -17% |
3 Years: | -17% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 25% |
3 Years: | 33% |
1 Year: | 55% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 6% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 | 6.59 |
Reserves | 20.18 | 21.22 | 22.81 | 22.68 | 23.81 | 25.83 | 78.76 | 81.15 | 83.64 | 81.33 | 88.79 | 91.26 | 95.67 |
19.41 | 21.04 | 14.40 | 6.35 | 6.49 | 6.17 | 0.32 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
20.62 | 28.67 | 17.14 | 15.53 | 13.37 | 10.48 | 4.66 | 5.97 | 6.11 | 5.59 | 6.30 | 5.60 | 4.98 | |
Total Liabilities | 66.80 | 77.52 | 60.94 | 51.15 | 50.26 | 49.07 | 90.33 | 93.71 | 96.34 | 93.51 | 101.68 | 103.45 | 107.24 |
28.82 | 31.88 | 28.50 | 20.79 | 32.40 | 32.50 | 18.83 | 16.30 | 15.67 | 15.07 | 15.77 | 15.34 | 15.29 | |
CWIP | 0.50 | 0.28 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 1.23 |
Investments | 8.49 | 8.49 | 8.69 | 8.65 | 8.65 | 10.14 | 17.50 | 31.44 | 39.00 | 44.30 | 80.84 | 73.03 | 85.87 |
28.99 | 36.87 | 23.75 | 21.70 | 9.21 | 6.43 | 54.00 | 45.97 | 41.67 | 34.14 | 5.07 | 14.78 | 4.85 | |
Total Assets | 66.80 | 77.52 | 60.94 | 51.15 | 50.26 | 49.07 | 90.33 | 93.71 | 96.34 | 93.51 | 101.68 | 103.45 | 107.24 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.88 | 5.88 | 11.43 | 11.40 | 5.08 | 5.25 | -24.50 | -1.56 | -2.02 | -4.97 | -1.67 | -10.38 | |
-1.24 | -5.33 | -2.51 | -0.13 | -1.22 | -3.08 | 25.30 | 6.29 | 2.11 | 5.72 | 2.11 | 18.43 | |
-5.63 | -0.47 | -9.30 | -11.18 | -3.18 | -2.64 | -0.84 | -1.87 | -1.56 | -1.29 | -1.32 | -1.66 | |
Net Cash Flow | 0.01 | 0.08 | -0.38 | 0.09 | 0.67 | -0.47 | -0.05 | 2.86 | -1.46 | -0.54 | -0.88 | 6.40 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33.90 | 36.32 | 54.94 | 44.75 | 42.31 | 19.76 | 0.00 | 4.37 | 20.53 | 77.67 | 29.34 | 104.09 |
Inventory Days | 94.94 | 40.25 | 143.69 | 742.07 | 146.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Days Payable | 63.60 | 41.01 | 108.56 | 796.36 | 149.60 | |||||||
Cash Conversion Cycle | 65.25 | 35.56 | 90.07 | 44.75 | -11.98 | 16.99 | 0.00 | 4.37 | 20.53 | 77.67 | 29.34 | 104.09 |
Working Capital Days | 18.54 | 5.39 | 31.17 | 9.22 | 36.83 | -45.66 | 642.12 | 138.92 | 410.84 | 290.37 | -6.46 | 82.08 |
ROCE % | -0.34% | 13.26% | 15.09% | 33.64% | 12.08% | 10.94% | 9.58% | 4.62% | 4.89% | 8.00% | 11.19% | 2.73% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 May
- A Certificate Of Compliance From The Practicing Company Secretary For The Year Ended 31St March, 2024. 27 Apr
- Compliance Certificate In Respect Of The Year Ended 31St March, 2024. 26 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Reg.74(5) of SEBI (DP) Regulations 2018, for the quarter ended 31-03-2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company used to manufacture Phthalic Anhydride (PA) at its plant at Raichur in Karnataka with a capacity of 12000 MTPA. However, due to economic unviability, the Plant was closed from July 2013 till April 2017. Company has transferred its MA business by way of “Slump Sale” to I G Petrochemicals Limited and is now involved in trading of organic & inorganic chemicals.