Mysore Petro Chemicals Ltd

About [ edit ]

Mysore Petro Chemicals is engaged in the business of manufacture, trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.

  • Market Cap 47.1 Cr.
  • Current Price 71.6
  • High / Low 90.5 / 35.2
  • Stock P/E 11.2
  • Book Value 131
  • Dividend Yield 2.80 %
  • ROCE 4.89 %
  • ROE 4.25 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.55 times its book value
  • Company has been maintaining a healthy dividend payout of 22.82%

Cons

  • The company has delivered a poor sales growth of -16.96% over past five years.
  • Company has a low return on equity of 5.46% for last 3 years.
  • Earnings include an other income of Rs.2.32 Cr.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1.28 0.60 0.61 3.35 28.01 1.15 1.64 5.03 5.15 0.18 0.62 8.39
2.65 1.16 1.30 4.11 29.37 2.05 2.24 5.71 5.72 0.79 1.10 8.93
Operating Profit -1.37 -0.56 -0.69 -0.76 -1.36 -0.90 -0.60 -0.68 -0.57 -0.61 -0.48 -0.54
OPM % -107.03% -93.33% -113.11% -22.69% -4.86% -78.26% -36.59% -13.52% -11.07% -338.89% -77.42% -6.44%
Other Income 3.48 1.55 3.62 1.44 2.15 1.49 3.06 1.44 2.05 2.59 -4.30 1.98
Interest 0.02 0.01 0.00 0.00 0.03 0.01 0.01 0.01 0.03 0.09 0.09 0.09
Depreciation 0.20 0.20 0.17 0.16 0.16 0.16 0.16 0.16 0.16 0.15 0.15 0.15
Profit before tax 1.89 0.78 2.76 0.52 0.60 0.42 2.29 0.59 1.29 1.74 -5.02 1.20
Tax % 20.11% 32.05% 9.78% 19.23% 21.67% 7.14% 9.17% 15.25% 17.05% 27.59% -10.76% 14.17%
Net Profit 1.51 0.53 2.50 0.43 0.47 0.39 2.09 0.51 1.07 1.26 -5.56 1.04
EPS in Rs 2.29 0.81 3.80 0.65 0.71 0.59 3.17 0.77 1.63 1.91 -8.45 1.58

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
69.79 82.36 77.59 73.42 132.75 39.93 32.87 23.29 30.30 6.23 32.58 12.98 14.34
64.16 75.71 74.15 69.90 123.51 29.47 17.40 17.14 24.60 9.79 35.95 15.46 16.54
Operating Profit 5.63 6.65 3.44 3.52 9.24 10.46 15.47 6.15 5.70 -3.56 -3.37 -2.48 -2.20
OPM % 8.07% 8.07% 4.43% 4.79% 6.96% 26.20% 47.06% 26.41% 18.81% -57.14% -10.34% -19.11% -15.34%
Other Income 1.46 0.47 0.26 0.73 0.20 -0.05 0.95 0.98 1.36 74.93 8.76 7.77 2.32
Interest 1.84 2.30 2.79 2.74 3.20 2.46 1.35 0.77 1.20 0.07 0.04 0.06 0.30
Depreciation 4.69 4.67 4.72 4.43 3.18 3.53 2.74 2.77 2.93 0.78 0.68 0.63 0.61
Profit before tax 0.56 0.15 -3.81 -2.92 3.06 4.42 12.33 3.59 2.93 70.52 4.67 4.60 -0.79
Tax % 19.64% 13.33% 0.00% -45.89% 33.01% 23.98% 41.52% 46.52% 29.69% 24.06% 15.85% 11.74%
Net Profit 0.45 0.13 -3.81 -4.26 2.04 3.37 7.22 1.92 2.06 53.55 3.93 4.06 -2.19
EPS in Rs 0.68 0.20 -5.79 -6.47 3.10 5.12 10.97 2.92 3.13 81.34 5.97 6.17 -3.33
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 29.33% 18.25% 34.32% 31.99% 2.46% 33.54% 32.46%
Compounded Sales Growth
10 Years:-17%
5 Years:-17%
3 Years:-25%
TTM:-60%
Compounded Profit Growth
10 Years:30%
5 Years:-12%
3 Years:22%
TTM:22%
Stock Price CAGR
10 Years:16%
5 Years:7%
3 Years:-17%
1 Year:72%
Return on Equity
10 Years:5%
5 Years:6%
3 Years:5%
Last Year:4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
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 35.15 34.06 25.64 20.18 21.22 22.81 22.68 23.81 25.83 78.76 81.15 83.64 79.35
Borrowings 16.79 21.06 22.80 19.41 21.04 14.40 6.35 6.49 6.17 0.32 0.00 0.00 0.00
17.39 15.30 16.82 20.62 28.67 17.14 15.53 13.37 10.48 4.66 5.97 6.11 5.86
Total Liabilities 75.92 77.01 71.85 66.80 77.52 60.94 51.15 50.26 49.07 90.33 93.71 96.34 91.80
47.22 41.97 33.89 28.82 31.88 28.50 20.79 32.40 32.50 18.83 16.30 15.67 15.37
CWIP 0.00 1.56 0.00 0.50 0.28 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Investments 8.52 8.53 8.53 8.49 8.49 8.69 8.65 8.65 10.14 17.50 31.44 39.00 36.48
20.18 24.95 29.43 28.99 36.87 23.75 21.70 9.21 6.43 54.00 45.97 41.67 39.95
Total Assets 75.92 77.01 71.85 66.80 77.52 60.94 51.15 50.26 49.07 90.33 93.71 96.34 91.80

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0.66 4.16 -4.51 6.88 5.88 11.43 11.40 5.08 5.25 -24.50 -1.56 -2.02
-0.16 -1.74 -1.32 -1.24 -5.33 -2.51 -0.13 -1.22 -3.08 25.30 6.29 2.11
1.51 2.17 -0.40 -5.63 -0.47 -9.30 -11.18 -3.18 -2.64 -0.84 -1.87 -1.56
Net Cash Flow 0.69 4.59 -6.23 0.01 0.08 -0.38 0.09 0.67 -0.47 -0.05 2.86 -1.46

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4.18% 4.34% -2.06% -0.34% 13.26% 15.09% 33.64% 12.08% 10.94% 9.58% 4.62% 4.89%
Debtor Days 29.29 25.53 41.30 33.90 36.32 54.94 44.75 42.31 19.76 0.00 4.37 20.53
Inventory Turnover 6.54 6.32 5.23 4.31 9.15 1.28 0.89 0.95 2.72 5.34

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
72.99 72.99 72.99 72.99 72.99 72.99 72.99 72.99 72.99 72.99 72.99 72.99
2.99 2.99 2.99 2.99 2.99 2.99 3.00 2.99 2.99 2.99 2.99 2.99
24.02 24.02 24.02 24.02 24.02 24.02 24.01 24.02 24.02 24.02 24.02 24.02

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