Mysore Petro Chemicals Ltd

Mysore Petro Chemicals Ltd

₹ 176 0.06%
28 Mar - close price
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 116 Cr.
  • Current Price 176
  • High / Low 235 / 107
  • Stock P/E 15.5
  • Book Value 155
  • Dividend Yield 1.42 %
  • ROCE 2.73 %
  • ROE 2.26 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.13 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.

Peer comparison

Sector: Trading Industry: Trading

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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
8.39 13.65 1.29 8.14 6.44 5.02 1.45 8.33 2.18 6.46 0.00 7.08 5.79
8.93 14.15 2.07 8.66 7.12 5.80 3.72 8.76 3.76 10.64 1.54 7.78 6.68
Operating Profit -0.54 -0.50 -0.78 -0.52 -0.68 -0.78 -2.27 -0.43 -1.58 -4.18 -1.54 -0.70 -0.89
OPM % -6.44% -3.66% -60.47% -6.39% -10.56% -15.54% -156.55% -5.16% -72.48% -64.71% -9.89% -15.37%
1.98 2.66 2.04 5.01 3.42 3.79 1.24 5.16 3.23 4.37 4.00 5.81 3.03
Interest 0.09 0.09 0.06 0.06 0.06 0.07 0.12 0.19 0.12 0.16 0.04 0.01 0.03
Depreciation 0.15 0.15 0.15 0.15 0.15 0.15 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Profit before tax 1.20 1.92 1.05 4.28 2.53 2.79 -1.26 4.43 1.42 -0.08 2.31 4.99 2.00
Tax % 14.17% -17.19% 20.00% 25.00% 5.93% 16.85% 25.40% 16.25% 3.52% 25.00% 26.84% 12.83% 26.50%
1.04 2.24 0.84 3.21 2.38 2.32 -0.94 3.72 1.37 -0.06 1.70 4.36 1.48
EPS in Rs 1.58 3.40 1.28 4.88 3.62 3.52 -1.43 5.65 2.08 -0.09 2.58 6.62 2.25
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
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: 34%
5 Years: 20%
3 Years: 33%
1 Year: 56%
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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 2.91% 1.79% 1.40% 1.14% 0.44% 0.44% 0.44%
24.02% 24.02% 24.02% 24.02% 24.02% 24.10% 25.22% 25.62% 25.86% 26.56% 26.57% 26.57%
No. of Shareholders 5,7456,1385,7315,6355,6115,6245,7435,5245,4485,4455,4865,341

* 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.

Click on the line-items to see the names of individual entities.

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