Mangalam Seeds Ltd

Mangalam Seeds Ltd

₹ 319 -1.25%
26 Apr - close price
About

Incorporated in 2011, Mangalam Seeds Ltd
is in the business of production, processing and marketing of Hybrid and GM seeds[1]

Key Points

Business Overview:[1]
MSL is a sustainable agriculture ISO 9001 certified company which delivers agricultural products. It produces and delivers high quality disease, pest and drought tolerant hybrid seeds
seeds with specialization in forage crops, and which are adaptable to different agro-climatic conditions.

  • Market Cap 351 Cr.
  • Current Price 319
  • High / Low 367 / 178
  • Stock P/E 22.9
  • Book Value 61.5
  • Dividend Yield 0.00 %
  • ROCE 21.7 %
  • ROE 21.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
11.96 10.94 14.05 6.91 12.80 6.39 15.93 12.40 21.06 15.80 23.01 15.52 48.15
9.59 8.60 11.54 5.24 10.37 4.79 12.98 10.00 16.49 9.86 18.52 10.98 40.91
Operating Profit 2.37 2.34 2.51 1.67 2.43 1.60 2.95 2.40 4.57 5.94 4.49 4.54 7.24
OPM % 19.82% 21.39% 17.86% 24.17% 18.98% 25.04% 18.52% 19.35% 21.70% 37.59% 19.51% 29.25% 15.04%
-0.01 0.01 0.04 0.00 0.00 0.00 0.01 0.02 0.03 -0.04 0.01 0.01 0.01
Interest 0.22 0.24 0.29 0.34 0.30 0.30 0.33 0.36 0.37 0.37 0.52 0.36 0.87
Depreciation 0.20 0.20 0.19 0.25 0.22 0.22 0.48 0.06 0.28 0.28 0.28 0.28 0.28
Profit before tax 1.94 1.91 2.07 1.08 1.91 1.08 2.15 2.00 3.95 5.25 3.70 3.91 6.10
Tax % 12.89% 29.32% 15.46% 22.22% 18.85% 7.41% 14.42% 19.00% 18.23% 16.19% 25.68% 23.27% 14.92%
1.69 1.34 1.74 0.85 1.54 1.00 1.84 1.62 3.22 4.39 2.75 3.00 5.19
EPS in Rs 1.54 1.22 1.58 0.77 1.40 0.91 1.68 1.48 2.93 4.00 2.50 2.73 4.73
Raw PDF

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
7 12 15 15 24 30 30 32 36 41 40 65 102
6 11 14 13 21 26 26 27 31 32 32 49 80
Operating Profit 0 1 1 2 3 4 5 5 5 9 8 16 22
OPM % 4% 6% 6% 12% 12% 14% 16% 15% 15% 22% 20% 24% 22%
0 0 0 -0 0 0 0 0 0 0 0 0 -0
Interest 0 1 1 0 0 0 1 1 1 1 1 1 2
Depreciation 0 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 0 0 0 1 2 3 4 4 4 7 6 13 19
Tax % 33% 38% 33% 6% 5% 8% 9% 8% 9% 14% 16% 17%
0 0 0 1 2 3 3 3 4 6 5 11 15
EPS in Rs 2.50 5.00 4.00 6.05 2.53 2.84 3.04 3.07 3.29 5.60 4.67 10.09 13.96
Dividend Payout % 0% 0% 0% 0% 20% 18% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 17%
3 Years: 21%
TTM: 84%
Compounded Profit Growth
10 Years: 60%
5 Years: 27%
3 Years: 45%
TTM: 100%
Stock Price CAGR
10 Years: %
5 Years: 44%
3 Years: 70%
1 Year: 46%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 17%
Last Year: 22%

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 0 0 0 1 4 5 11 11 11 11 11 11 11
Reserves 0 1 1 4 8 18 16 19 23 29 34 46 51
2 5 4 3 5 4 5 6 9 10 18 16 34
1 2 3 1 2 2 2 2 5 4 3 3 15
Total Liabilities 4 8 8 9 19 30 35 38 48 54 67 76 112
1 1 1 2 3 3 11 15 23 23 25 25 35
CWIP 0 0 0 0 0 0 0 0 2 5 6 7 7
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
3 7 7 6 16 27 24 23 23 26 35 44 70
Total Assets 4 8 8 9 19 30 35 38 48 54 67 76 112

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
-1 -1 1 -0 -3 -4 5 3 8 8 -0 6
-1 -0 -0 -2 -4 -2 -7 -3 -9 -7 -4 -2
2 2 0 1 8 7 0 -0 1 -0 7 -3
Net Cash Flow 0 0 1 -1 1 1 -2 0 -0 0 2 1

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 101 35 32 44 72 146 121 101 101 93 94 87
Inventory Days 114 246 161 99 133 127 428 531 351 136 261 193
Days Payable 105 67 78 7 7 16 49 14 59 11 8 2
Cash Conversion Cycle 110 215 115 136 198 257 499 619 392 218 347 278
Working Capital Days 105 166 74 121 202 278 255 239 172 198 273 214
ROCE % 16% 12% 24% 21% 17% 14% 13% 12% 17% 13% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.78% 74.78% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84%
25.22% 25.22% 25.16% 25.16% 25.16% 25.16% 25.15% 25.16% 25.15% 25.15% 25.15% 25.15%
No. of Shareholders 7818729321,0641,1411,1631,2142,4722,7122,7172,8173,890

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