Mahalaxmi Seamless Ltd

Mahalaxmi Seamless Ltd

₹ 11.4 1.15%
26 Jul - close price
About

Incorporated in 1992, Mahalaxmi Seamless Ltd manufactures cold-drawn seamless pipes and tubes used in various industries.

Key Points

Product Profile:[1]
a) Precision Automotive Mechanical Tubes
b) Hydraulic Fuel Injection Tubes
c) Heat Exchanger Tubes
d) Bearings Tubes
e) Condenser Tubes
f) Boiler Tubes
g) Automotive Component Tubing
h) Super Heater Tubes
i) Heavy Walled Axle Shafts Tubes
j) Piston Tubes
k) Pneumatic Tubes

  • Market Cap 6.02 Cr.
  • Current Price 11.4
  • High / Low 14.8 / 6.47
  • Stock P/E 18.2
  • Book Value -1.38
  • Dividend Yield 0.00 %
  • ROCE 21.0 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of -0.32% over past five 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.50 0.54 0.46 0.55 0.47 0.45 0.45 0.46 0.46 0.45 0.47 0.46 0.47
0.28 0.28 0.21 0.24 0.27 0.25 0.22 0.25 0.28 0.24 0.28 0.29 0.30
Operating Profit 0.22 0.26 0.25 0.31 0.20 0.20 0.23 0.21 0.18 0.21 0.19 0.17 0.17
OPM % 44.00% 48.15% 54.35% 56.36% 42.55% 44.44% 51.11% 45.65% 39.13% 46.67% 40.43% 36.96% 36.17%
0.11 0.02 0.01 0.00 0.10 0.01 0.06 0.01 0.02 0.01 -1.56 0.01 0.02
Interest 0.10 0.06 0.04 0.05 0.03 0.03 0.03 0.03 0.02 0.03 0.03 0.02 0.02
Depreciation 0.14 0.13 0.13 0.13 0.13 0.11 0.12 0.12 0.13 0.12 0.12 0.12 0.09
Profit before tax 0.09 0.09 0.09 0.13 0.14 0.07 0.14 0.07 0.05 0.07 -1.52 0.04 0.08
Tax % -155.56% 0.00% 0.00% 0.00% -64.29% 0.00% 0.00% 0.00% -100.00% 28.57% 1.32% 25.00% -162.50%
0.24 0.09 0.09 0.13 0.23 0.07 0.15 0.07 0.10 0.05 -1.54 0.03 0.21
EPS in Rs 0.45 0.17 0.17 0.25 0.44 0.13 0.28 0.13 0.19 0.09 -2.92 0.06 0.40
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
25.52 14.45 18.62 11.04 10.72 3.90 1.87 1.87 1.91 2.02 1.83 1.84
27.46 16.21 18.07 11.08 12.34 3.59 1.21 1.25 0.97 0.99 1.00 1.09
Operating Profit -1.94 -1.76 0.55 -0.04 -1.62 0.31 0.66 0.62 0.94 1.03 0.83 0.75
OPM % -7.60% -12.18% 2.95% -0.36% -15.11% 7.95% 35.29% 33.16% 49.21% 50.99% 45.36% 40.76%
1.21 0.19 0.93 0.15 0.63 -0.20 0.11 0.28 0.33 0.13 0.09 -1.53
Interest 1.53 1.03 0.90 0.93 0.62 0.51 0.30 0.43 0.46 0.19 0.11 0.10
Depreciation 1.17 0.66 0.65 0.59 0.60 0.60 0.60 0.58 0.55 0.52 0.47 0.44
Profit before tax -3.43 -3.26 -0.07 -1.41 -2.21 -1.00 -0.13 -0.11 0.26 0.45 0.34 -1.32
Tax % 1.46% 4.60% 85.71% 3.55% 2.71% 0.00% -30.77% -9.09% -53.85% -20.00% -14.71% -6.82%
-3.48 -3.41 -0.13 -1.46 -2.28 -1.00 -0.09 -0.09 0.40 0.54 0.39 -1.24
EPS in Rs -6.59 -6.46 -0.25 -2.76 -4.32 -1.89 -0.17 -0.17 0.76 1.02 0.74 -2.35
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: -19%
5 Years: 0%
3 Years: -1%
TTM: 1%
Compounded Profit Growth
10 Years: 8%
5 Years: 41%
3 Years: -6%
TTM: -15%
Stock Price CAGR
10 Years: 10%
5 Years: 8%
3 Years: 14%
1 Year: 66%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.28 5.28 5.28 5.28 5.28
Reserves 2.39 -1.02 -1.18 -2.65 -4.92 -5.92 -6.01 -6.09 -5.69 -5.15 -4.76 -6.01
6.72 5.86 4.71 8.04 4.76 4.19 6.32 5.47 4.90 1.84 2.00 1.54
3.89 7.21 7.89 5.08 4.66 3.34 3.03 2.90 2.72 2.35 1.58 2.34
Total Liabilities 18.29 17.34 16.71 15.76 9.79 6.90 8.63 7.56 7.21 4.32 4.10 3.15
8.17 7.52 6.82 6.35 5.88 5.40 4.80 4.23 3.69 3.18 2.85 2.42
CWIP 0.00 0.00 0.00 0.00 0.00 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
10.12 9.82 9.89 9.41 3.91 1.50 3.83 3.33 3.52 1.14 1.25 0.73
Total Assets 18.29 17.34 16.71 15.76 9.79 6.90 8.63 7.56 7.21 4.32 4.10 3.15

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.52 1.14 1.69 -2.72 1.11 1.30 0.58 0.50 0.69 -5.00 1.50 -0.61
0.60 0.06 0.59 -0.32 0.93 -0.07 -2.36 0.85 0.25 8.07 0.06 0.53
-3.09 -1.51 -2.01 2.60 -2.05 -1.48 1.71 -1.27 -0.93 -2.98 -1.15 0.07
Net Cash Flow -0.97 -0.31 0.27 -0.43 -0.01 -0.25 -0.07 0.08 0.01 0.10 0.40 -0.01

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20.88 25.26 57.83 31.08 10.21 16.85 31.23 33.18 42.04 34.33 9.97 7.93
Inventory Days 125.82 228.40 151.30 473.89 154.54 12.71
Days Payable 67.03 151.15 200.62 226.97 133.20 147.09
Cash Conversion Cycle 79.67 102.51 8.51 277.99 31.56 -117.53 31.23 33.18 42.04 34.33 9.97 7.93
Working Capital Days 51.78 16.92 5.49 98.52 16.00 -104.82 -204.95 -183.48 -149.06 -48.79 -179.51 -283.67
ROCE % -11.09% -18.18% 8.87% -4.51% -22.52% -5.29% 3.71% 6.24% 15.74% 19.81% 20.04% 20.96%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
45.64% 45.64% 45.64% 45.64% 45.52% 45.52% 45.52% 45.52% 45.52% 45.52% 45.84% 45.84%
54.36% 54.36% 54.36% 54.36% 54.47% 54.49% 54.48% 54.48% 54.48% 54.48% 54.16% 54.16%
No. of Shareholders 5,0005,0175,1985,2115,2725,2845,2835,2585,2525,3265,3015,347

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