Majestic Auto Ltd

About

Majestic Auto in the business of manufacturing fine blanking components, electrical components and others. The Company has discontinued its electrical and fine blanking business to curtail losses. The Company is also engaged in the business of providing facility management services and intends to focus on provision of these services in future.

  • Market Cap 95.5 Cr.
  • Current Price 91.8
  • High / Low 150 / 54.0
  • Stock P/E
  • Book Value 288
  • Dividend Yield 0.00 %
  • ROCE 8.06 %
  • ROE -6.07 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.32 times its book value

Cons

  • The company has delivered a poor growth of -9.52% over past five years.
  • Company has a low return on equity of 1.86% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
13.33 13.83 14.74 16.86 12.93 35.78 51.12 18.37 16.86 16.93 17.01 15.04
7.96 6.54 11.51 6.84 6.70 10.58 29.59 5.63 6.73 6.89 6.92 4.42
Operating Profit 5.37 7.29 3.23 10.02 6.23 25.20 21.53 12.74 10.13 10.04 10.09 10.62
OPM % 40.29% 52.71% 21.91% 59.43% 48.18% 70.43% 42.12% 69.35% 60.08% 59.30% 59.32% 70.61%
Other Income 3.01 0.07 5.52 0.06 4.64 0.71 5.32 0.17 3.50 0.22 6.09 0.98
Interest 4.82 6.49 6.48 5.22 5.14 5.01 6.24 5.22 5.10 4.91 4.87 4.32
Depreciation 1.55 2.04 2.09 1.66 1.66 1.70 1.97 2.24 2.35 2.33 2.33 2.36
Profit before tax 2.01 -1.17 0.18 3.20 4.07 19.20 18.64 5.45 6.18 3.02 8.98 4.92
Tax % -20.90% -19.66% 438.89% 45.62% 1.23% -0.05% -7.51% 11.74% 15.70% 13.91% 473.27% 25.00%
Net Profit 2.42 -1.40 -0.61 1.73 4.02 19.06 19.78 4.30 5.21 2.42 -27.77 3.18
EPS in Rs 2.33 -1.35 -0.59 1.66 3.87 18.33 19.02 4.14 5.01 2.33 -26.71 3.06
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
128 148 165 155 106 114 138 57 56 117 69 66
112 132 152 147 120 133 137 42 36 53 26 25
Operating Profit 16 16 14 7 -13 -19 1 14 20 63 43 41
OPM % 13% 11% 8% 5% -13% -17% 0% 25% 36% 54% 62% 62%
Other Income 17 7 28 8 88 57 53 9 9 10 10 11
Interest 3 7 14 13 15 10 26 27 23 22 20 19
Depreciation 7 9 13 15 16 18 20 8 8 7 9 9
Profit before tax 23 6 15 -12 44 9 7 -12 -2 45 24 23
Tax % 10% 16% -18% 42% -29% -161% -67% 12% -23% 0% 188%
Net Profit 20 5 17 -7 56 24 11 -11 -4 44 -16 -17
EPS in Rs 19.68 5.08 16.52 -6.84 53.81 22.81 10.91 -10.76 -3.46 41.93 -15.42 -16.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-6%
5 Years:-10%
3 Years:7%
TTM:-44%
Compounded Profit Growth
10 Years:%
5 Years:-2%
3 Years:%
TTM:-146%
Stock Price CAGR
10 Years:-3%
5 Years:7%
3 Years:-11%
1 Year:-30%
Return on Equity
10 Years:-2%
5 Years:-0%
3 Years:2%
Last Year:-6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 10 10 10 11 11 10 10 10 10 10
Reserves 43 48 65 58 114 138 166 378 405 379 289
Borrowings 39 115 105 130 94 102 379 365 292 222 174
29 33 30 33 29 20 52 69 47 34 87
Total Liabilities 122 206 211 232 247 270 607 822 755 645 560
63 135 147 172 165 179 469 439 360 309 353
CWIP 6 15 12 8 8 2 0 0 0 0 0
Investments 1 1 1 1 0 0 21 316 326 240 149
52 55 51 52 74 89 118 68 69 96 58
Total Assets 122 206 211 232 247 270 607 822 755 645 560

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-4 16 15 15 -31 -17 20 24 44 99 40
6 -85 6 -27 78 28 -244 29 58 -4 0
-2 69 -21 12 -48 -2 215 -53 -101 -91 -43
Net Cash Flow 1 1 -1 -0 -1 8 -8 -1 -0 3 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 10% 0% -9% -10% 1% 2% 3% 10% 8%
Debtor Days 30 58 41 32 63 40 67 208 64 11 15
Inventory Turnover 10.04 10.31 8.42 5.92 8.01 5.75 0.62 0.99 1.03 0.00

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95

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