IMEC Services Ltd

IMEC Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IMEC Services Ltd

₹ 84.4 1.99%
12 Jun - close price
ruchistrips.com BSE: 513295
About

Incorporated in 1987, MEC Services Ltd
provides Management and Consultancy
Services inter alia – information technology, engineering, and technical[1]

Key Points

Business Overview:[1][2]
a) Company (formerly known as Ruchi Strips & Alloys Limited) was in the business of Cold Rolled Steel Coils & Sheets. It had its manufacturing unit near Indore, with an installed capacity of 1 Lac TPA of Cold Rolled Steel. In FY11, their entire business including their assets and liabilities was sold on a slump sale basis to RSAL Steel Private Limited (a subsidiary of Ruchi Strips And Alloys Limited). After demerger of its entire steel division, the company was only in trading of commodities.
b) Currently, the company provides Management and Consultancy in engineering, information technology and technical.
c) It is also in trading of agricultural products, metal & metal alloys etc.

Website BSE
  • Market Cap ₹ 16.0 Cr.
  • Current Price ₹ 84.4
  • High / Low ₹ 93.4 / 7.32
  • Stock P/E 0.63
  • Book Value ₹ 142
  • Dividend Yield 0.00 %
  • ROCE 177 %
  • ROE 177 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value
  • Company has delivered good profit growth of 380% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 145%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 30.3%
  • Promoters have pledged 65.5% of their holding.
  • Company has high debtors of 266 days.
  • Working capital days have increased from 132 days to 298 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

Services Services Commercial Services & Supplies Consulting Services

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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
2 2 1 1 4 1 2 0 4 1 1 2 25
2 2 2 2 2 2 2 2 1 1 1 1 1
Operating Profit -0 -0 -1 -0 2 -1 -0 -1 2 -1 0 1 24
OPM % -16% -4% -123% -34% 40% -60% -32% -337% 66% -96% 42% 57% 97%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -0 -1 -1 2 -1 -0 -1 2 -0 0 1 25
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-0 -0 -1 -1 2 -1 -0 -1 2 -0 0 1 25
EPS in Rs -0.05 -0.02 -0.19 -0.10 0.32 -3.26 -2.47 -6.26 12.21 -2.37 2.53 4.63 129.00
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
276 227 33 15 1 1 3 0 3 9 6 28
276 227 86 15 1 1 3 0 3 8 6 3
Operating Profit -0 0 -53 0 -0 1 0 -0 -0 0 0 25
OPM % -0% 0% -158% 0% -51% 48% 1% -96% -2% 1% 1% 88%
1 0 0 0 0 0 0 0 0 0 0 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 0 -53 0 -0 1 0 -0 -0 0 0 25
Tax % 125% 54% 8% -14% 0% 91% 0% 0% 0% 0% 0% 0%
-0 0 -57 0 -0 0 0 -0 -0 0 0 25
EPS in Rs -0.04 0.01 -11.42 0.01 -0.05 0.01 0.00 -0.04 -0.01 0.01 0.16 133.79
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -19%
5 Years: 58%
3 Years: 103%
TTM: 340%
Compounded Profit Growth
10 Years: 83%
5 Years: 380%
3 Years: 761%
TTM: 84633%
Stock Price CAGR
10 Years: 31%
5 Years: 121%
3 Years: 261%
1 Year: 1054%
Return on Equity
10 Years: -53%
5 Years: 121%
3 Years: 145%
Last Year: 177%

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 50 50 50 50 50 50 50 50 50 50 2 2
Reserves 9 9 -48 -47 -47 -48 -48 -48 -48 -48 -0 25
1 0 0 0 0 0 0 0 0 0 0 0
8 17 14 16 2 0 3 3 1 5 1 4
Total Liabilities 68 76 16 19 5 2 4 4 3 6 3 31
0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 51 53 0 2 2 0 0 0 0 0 0 0
18 23 15 17 4 2 4 4 3 6 3 31
Total Assets 68 76 16 19 5 2 4 4 3 6 3 31

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
-0 3 0 1 -1 0 -0 0 0 0 0 9
0 -2 0 0 0 0 0 0 0 -0 -0 -5
-0 -1 -0 0 0 0 0 0 0 -0 0 0
Net Cash Flow -0 -0 1 1 -1 0 -0 0 0 0 0 3

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 11 27 149 355 1,761 98 369 4,167 45 29 5 266
Inventory Days 0 0 0 0 0 156 217 79
Days Payable 311 350 125
Cash Conversion Cycle 11 27 149 355 1,761 98 369 4,167 -110 -104 -41 266
Working Capital Days 6 1 4 -6 730 439 221 2,312 154 44 55 298
ROCE % 2% 0% -174% 3% -8% 25% 2% -13% -3% 5% 2% 177%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
30.15% 30.15% 30.15% 26.60% 26.60% 26.60% 30.30% 30.30% 30.30% 30.30% 30.30% 30.30%
0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16%
69.69% 69.69% 69.70% 73.23% 73.24% 73.23% 69.54% 69.54% 69.54% 69.53% 69.53% 69.55%
No. of Shareholders 24,71224,62024,64824,80924,83224,83210,76410,64110,56810,45010,27510,278

* 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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Documents

Announcements

Annual reports