Mathew Easow Research Securities Ltd

₹ 5.98 4.91%
25 Nov - close price
About

Incorporated in 1988, Mathew Easow Research Securities is a Public Limited company is engaged in the business of financing and investment activities.

Key Points

Registration:[1]
Company is registered as a Non‐Banking Financial (Non‐Deposit Accepting) Company
with the Reserve Bank of India.

  • Market Cap 3.98 Cr.
  • Current Price 5.98
  • High / Low 13.0 / 0.00
  • Stock P/E
  • Book Value 21.0
  • Dividend Yield 0.00 %
  • ROCE 1.59 %
  • ROE -6.17 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.28 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.03% over past five years.
  • Promoter holding is low: 31.3%
  • Company has a low return on equity of -1.47% over last 3 years.
  • 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1.22 1.38 1.16 0.43 0.46 0.72 0.58 0.69 0.68 0.55 0.52 0.60 0.59
0.98 1.98 1.04 0.14 0.47 0.56 0.08 0.21 0.20 1.08 0.17 0.20 0.16
Operating Profit 0.24 -0.60 0.12 0.29 -0.01 0.16 0.50 0.48 0.48 -0.53 0.35 0.40 0.43
OPM % 19.67% -43.48% 10.34% 67.44% -2.17% 22.22% 86.21% 69.57% 70.59% -96.36% 67.31% 66.67% 72.88%
0.02 0.14 0.00 0.01 0.00 0.00 -0.01 0.00 0.01 1.12 -0.09 0.05 0.00
Interest 0.26 -0.53 0.00 0.07 0.07 0.13 0.48 0.44 0.44 0.48 0.23 0.41 0.42
Depreciation 0.03 0.03 0.03 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.02 0.01 0.01
Profit before tax -0.03 0.04 0.09 0.20 -0.11 0.01 0.00 0.03 0.04 0.10 0.01 0.03 0.00
Tax % 33.33% 25.00% 0.00% 10.00% 0.00% 0.00% 33.33% 100.00% 10.00% 200.00% 33.33%
Net Profit -0.02 0.03 0.09 0.17 -0.11 0.01 0.04 0.02 0.00 0.09 -0.01 0.02 0.01
EPS in Rs -0.03 0.05 0.14 0.26 -0.17 0.02 0.06 0.03 0.00 0.14 -0.02 0.03 0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1.05 6.86 2.44 1.55 11.59 9.23 1.59 4.11 3.48 4.79 2.19 2.45 2.26
0.97 6.69 2.28 1.44 9.91 8.28 1.32 2.51 2.04 4.60 1.25 1.66 1.61
Operating Profit 0.08 0.17 0.16 0.11 1.68 0.95 0.27 1.60 1.44 0.19 0.94 0.79 0.65
OPM % 7.62% 2.48% 6.56% 7.10% 14.50% 10.29% 16.98% 38.93% 41.38% 3.97% 42.92% 32.24% 28.76%
0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.02 0.15 0.00 1.03 1.08
Interest 0.00 0.01 0.01 0.01 0.01 0.01 0.07 0.89 1.00 0.07 0.75 1.59 1.54
Depreciation 0.02 0.03 0.03 0.03 0.05 0.05 0.05 0.07 0.13 0.12 0.10 0.05 0.05
Profit before tax 0.06 0.13 0.12 0.07 1.61 0.89 0.15 0.64 0.33 0.15 0.09 0.18 0.14
Tax % 33.33% 30.77% 33.33% 85.71% 31.68% 38.20% 33.33% 29.69% 45.45% 13.33% -22.22% 44.44%
Net Profit 0.04 0.09 0.08 0.02 1.10 0.55 0.10 0.46 0.18 0.14 0.11 0.11 0.11
EPS in Rs 0.06 0.14 0.12 0.03 1.65 0.83 0.15 0.69 0.27 0.21 0.17 0.17 0.17
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -10%
5 Years: 9%
3 Years: -11%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1371%
Stock Price CAGR
10 Years: -14%
5 Years: -23%
3 Years: -18%
1 Year: -19%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: -1%
Last Year: -6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6.65 6.65 6.65 6.65 6.65 6.65 6.65 6.65 6.65 6.65 6.65 6.65
Reserves 4.38 4.47 4.55 4.57 5.66 6.21 6.31 6.77 6.99 7.13 7.24 7.34
0.05 0.04 0.08 0.06 0.14 0.10 6.61 11.72 69.69 15.89 31.24 34.22
0.07 0.09 0.25 0.28 0.70 0.41 0.79 0.61 0.33 0.16 0.51 0.21
Total Liabilities 11.15 11.25 11.53 11.56 13.15 13.37 20.36 25.75 83.66 29.83 45.64 48.42
0.29 0.27 0.32 0.29 0.39 0.34 0.29 0.47 0.34 0.35 0.26 0.13
CWIP 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10.86 10.97 11.20 11.26 12.75 13.03 20.07 25.28 83.32 29.48 45.38 48.29
Total Assets 11.15 11.25 11.53 11.56 13.15 13.37 20.36 25.75 83.66 29.83 45.64 48.42

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-4.08 -3.25 0.27 0.03 -0.13 -0.04 -5.56 -4.41 -57.05 53.97 -14.83 -2.52
-0.09 -0.02 -0.08 0.00 -0.16 0.01 -0.01 -0.25 0.01 -0.13 -0.01 1.11
7.35 -0.01 0.03 -0.02 0.06 -0.05 6.43 4.23 56.96 -53.87 14.61 1.39
Net Cash Flow 3.18 -3.28 0.22 0.01 -0.22 -0.08 0.87 -0.42 -0.08 -0.03 -0.23 -0.03

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0.00 166.01 278.24 58.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days 2,396.12 161.29 474.50 907.74 156.92 0.46 126.63 378.15 295.31 31,363.93
Days Payable 4.29 0.00 19.12 0.00 0.00 0.00 0.00 3.29 3.54 0.00
Cash Conversion Cycle 2,391.82 327.30 733.62 966.61 156.92 0.46 0.00 126.63 374.86 291.76 31,363.93 0.00
Working Capital Days 2,589.76 575.17 1,591.64 2,510.26 376.02 497.87 4,217.01 2,148.26 86.01 416.05 1,960.00 1,854.80
ROCE % 0.81% 1.26% 1.16% 0.71% 13.74% 7.08% 1.35% 6.84% 2.45% 0.39% 2.25% 1.59%

Shareholding Pattern

Numbers in percentages

6 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
31.28 31.28 31.28 31.28 31.28 31.28 31.28 31.28 31.28 31.28 31.28 31.28
0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
68.71 68.71 68.71 68.72 68.72 68.72 68.71 68.72 68.72 68.72 68.72 68.71

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