Mysore Petro Chemicals Ltd

Mysore Petro Chemicals Ltd

₹ 127 -0.31%
16 Jun 2:26 p.m.
About

Incorporated in 1969, Mysore Petro Chemicals Ltd is engaged in trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.

Key Points

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.

  • Market Cap 83.4 Cr.
  • Current Price 127
  • High / Low 262 / 117
  • Stock P/E 20.2
  • Book Value 146
  • Dividend Yield 1.97 %
  • ROCE 6.93 %
  • ROE 4.10 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value
  • Market value of investments Rs.182 Cr. is more than the Market Cap Rs.83.4 Cr.

Cons

  • Company has a low return on equity of 5.72% over last 3 years.
  • Contingent liabilities of Rs.30.2 Cr.
  • Working capital days have increased from 33.7 days to 163 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
5.02 1.45 8.33 2.18 6.46 0.00 7.08 5.79 12.93 10.49 9.16 6.39 7.44
5.80 3.72 8.76 3.76 10.64 1.54 7.78 6.68 14.27 12.79 10.64 7.58 8.04
Operating Profit -0.78 -2.27 -0.43 -1.58 -4.18 -1.54 -0.70 -0.89 -1.34 -2.30 -1.48 -1.19 -0.60
OPM % -15.54% -156.55% -5.16% -72.48% -64.71% -9.89% -15.37% -10.36% -21.93% -16.16% -18.62% -8.06%
3.79 1.24 5.16 3.23 4.37 4.00 5.81 3.03 3.43 15.17 7.32 -24.38 1.50
Interest 0.07 0.12 0.19 0.12 0.16 0.04 0.01 0.03 0.03 0.01 0.02 0.02 0.02
Depreciation 0.15 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.09 0.09 0.09
Profit before tax 2.79 -1.26 4.43 1.42 -0.08 2.31 4.99 2.00 1.95 12.75 5.73 -25.68 0.79
Tax % 16.85% -25.40% 16.25% 3.52% -25.00% 26.84% 12.83% 26.50% 16.41% 29.18% 15.53% -14.17% 36.71%
2.32 -0.94 3.72 1.37 -0.06 1.70 4.36 1.48 1.63 9.04 4.85 -22.05 0.50
EPS in Rs 3.52 -1.43 5.65 2.08 -0.09 2.58 6.62 2.25 2.48 13.73 7.37 -33.49 0.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39.93 32.87 23.29 30.30 6.23 32.58 12.98 22.84 20.90 18.41 25.80 33.48
29.47 17.38 17.14 24.60 9.79 35.95 15.53 24.99 23.65 22.13 30.25 39.07
Operating Profit 10.46 15.49 6.15 5.70 -3.56 -3.37 -2.55 -2.15 -2.75 -3.72 -4.45 -5.59
OPM % 26.20% 47.13% 26.41% 18.81% -57.14% -10.34% -19.65% -9.41% -13.16% -20.21% -17.25% -16.70%
-0.05 0.93 0.98 1.36 74.93 8.76 7.84 2.93 14.26 9.24 16.27 -0.38
Interest 2.46 1.35 0.77 1.20 0.07 0.04 0.06 0.34 0.26 0.58 0.12 0.07
Depreciation 3.53 2.74 2.77 2.93 0.78 0.68 0.63 0.60 0.59 0.43 0.45 0.37
Profit before tax 4.42 12.33 3.59 2.93 70.52 4.67 4.60 -0.16 10.66 4.51 11.25 -6.41
Tax % 23.98% 41.52% 46.52% 29.69% 24.06% 15.85% 11.74% 537.50% 17.82% 9.31% 18.58% 19.66%
3.37 7.22 1.92 2.06 53.55 3.93 4.06 -1.02 8.75 4.09 9.16 -7.66
EPS in Rs 5.12 10.97 2.92 3.13 81.34 5.97 6.17 -1.55 13.29 6.21 13.91 -11.64
Dividend Payout % 29.33% 18.25% 34.32% 31.99% 2.46% 33.54% 32.46% -129.22% 18.83% 40.28% 17.99% -17.21%
Compounded Sales Growth
10 Years: 0%
5 Years: 21%
3 Years: 17%
TTM: 30%
Compounded Profit Growth
10 Years: -5%
5 Years: 2%
3 Years: -20%
TTM: -49%
Stock Price CAGR
10 Years: 9%
5 Years: 27%
3 Years: 8%
1 Year: -25%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 6%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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
Reserves 22.81 22.68 23.81 25.83 78.76 81.15 83.64 81.33 88.79 91.26 98.79 89.45
14.40 6.35 6.49 6.17 0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.22
17.14 15.53 13.37 10.48 4.66 5.97 6.11 5.59 6.30 5.60 21.28 9.53
Total Liabilities 60.94 51.15 50.26 49.07 90.33 93.71 96.34 93.51 101.68 103.45 126.66 105.79
28.50 20.79 32.40 32.50 18.83 16.30 15.67 15.07 15.77 15.34 15.06 14.50
CWIP 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.30 2.02 0.00
Investments 8.69 8.65 8.65 10.14 17.50 31.44 39.00 44.30 80.84 73.03 85.15 74.39
23.75 21.70 9.21 6.43 54.00 45.97 41.67 34.14 5.07 14.78 24.43 16.90
Total Assets 60.94 51.15 50.26 49.07 90.33 93.71 96.34 93.51 101.68 103.45 126.66 105.79

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
11.43 11.40 5.08 5.25 -24.50 -1.56 -2.02 -4.97 -1.67 -2.93 -5.66 -3.14
-2.51 -0.13 -1.22 -3.08 25.30 6.29 2.11 5.72 2.11 11.57 3.82 7.48
-9.30 -11.18 -3.18 -2.64 -0.84 -1.87 -1.56 -1.29 -1.32 -2.24 -1.76 -1.71
Net Cash Flow -0.38 0.09 0.67 -0.47 -0.05 2.86 -1.46 -0.54 -0.88 6.40 -3.60 2.63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 54.94 44.75 42.31 19.76 0.00 4.37 20.53 77.67 29.34 104.09 100.45 86.45
Inventory Days 143.69 742.07 146.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable 108.56 796.36 149.60
Cash Conversion Cycle 90.07 44.75 -11.98 16.99 0.00 4.37 20.53 77.67 29.34 104.09 100.45 86.45
Working Capital Days 31.17 9.22 36.83 -45.66 642.12 138.92 410.84 290.37 -6.46 82.08 -143.88 162.88
ROCE % 15.09% 33.64% 12.08% 10.94% 9.58% 4.62% 4.89% 8.00% 11.19% 6.28% 9.95% 6.93%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.31% 3.03% 3.03%
2.91% 1.79% 1.40% 1.14% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44%
24.10% 25.22% 25.62% 25.86% 26.56% 26.57% 26.57% 26.57% 26.57% 24.26% 23.55% 23.55%
No. of Shareholders 5,6245,7435,5245,4485,4455,4865,3415,3815,3905,5485,6615,709

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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