Southern Magnesium & Chemicals Ltd

South. Magnesium Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Southern Magnesium & Chemicals Ltd

₹ 156 1.99%
29 Sep - close price
southernmagnesium.com BSE: 513498
About

Incorporated in 1985, Southern Magnesium
& Chemicals Ltd manufactures magnesium metal

Key Points

Business Overview:[1]
Company largely deals on government entities for its business

Product Profile:[2][3]
Company was set up to produce primary Magnesium Metal in a joint venture with Andhra Pradesh Industrial Development Corporation. However, due to dumping magnesium metal from China, company shifted its focus to downstream products viz.,
a) Magnesium powders
b) Turnings
c) Regular magnesium metal ingots
d) Magnesium granules
e) Magnesium alloy
f) Magnesium extrusion
g) Magnesium Chips

Website BSE
  • Market Cap ₹ 46.8 Cr.
  • Current Price ₹ 156
  • High / Low ₹ 156 / 38.0
  • Stock P/E 17.4
  • Book Value ₹ 21.3
  • Dividend Yield 0.00 %
  • ROCE 92.4 %
  • ROE 75.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.0%
  • Company's working capital requirements have reduced from 281 days to 69.0 days

Cons

  • Stock is trading at 7.33 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Mining & Mineral products Industry: Mining / Minerals / Metals

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
0.73 0.17 0.35 0.76 0.66 0.10 1.40 0.17 2.93 1.06 2.79 1.80 1.38
0.54 0.37 0.51 0.54 0.43 0.34 0.53 0.41 1.13 0.66 1.18 0.74 0.74
Operating Profit 0.19 -0.20 -0.16 0.22 0.23 -0.24 0.87 -0.24 1.80 0.40 1.61 1.06 0.64
OPM % 26.03% -117.65% -45.71% 28.95% 34.85% -240.00% 62.14% -141.18% 61.43% 37.74% 57.71% 58.89% 46.38%
0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.00 0.01 0.01 0.01 0.05 0.04
Interest 0.02 0.02 0.02 0.03 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.01
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01
Profit before tax 0.16 -0.24 -0.20 0.18 0.20 -0.26 0.85 -0.27 1.79 0.40 1.61 1.10 0.66
Tax % 0.00% 8.33% 25.00% 27.78% 20.00% 26.92% 22.35% 25.93% 25.70% 25.00% 26.09% 33.64% 27.27%
0.16 -0.22 -0.15 0.13 0.16 -0.19 0.65 -0.21 1.33 0.30 1.18 0.73 0.48
EPS in Rs 0.53 -0.73 -0.50 0.43 0.53 -0.63 2.17 -0.70 4.43 1.00 3.93 2.43 1.60
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
1.56 2.09 1.75 5.46 3.22 6.32 1.54 4.42 1.59 2.01 2.34 8.57 7.03
1.37 1.43 1.44 2.83 1.70 3.39 2.21 2.63 1.79 1.97 1.72 3.72 3.32
Operating Profit 0.19 0.66 0.31 2.63 1.52 2.93 -0.67 1.79 -0.20 0.04 0.62 4.85 3.71
OPM % 12.18% 31.58% 17.71% 48.17% 47.20% 46.36% -43.51% 40.50% -12.58% 1.99% 26.50% 56.59% 52.77%
-0.22 -0.06 0.00 0.83 0.03 0.07 -0.29 0.05 0.03 0.03 0.04 0.09 0.11
Interest 0.04 0.02 0.05 0.07 0.09 0.08 0.09 0.08 0.08 0.09 0.06 0.01 0.01
Depreciation 0.04 0.02 0.02 0.02 0.02 0.02 0.05 0.07 0.09 0.10 0.10 0.05 0.04
Profit before tax -0.11 0.56 0.24 3.37 1.44 2.90 -1.10 1.69 -0.34 -0.12 0.50 4.88 3.77
Tax % 0.00% 0.00% 0.00% 3.26% 34.72% 34.83% 1.82% 18.93% 35.29% 16.67% 22.00% 28.28%
-0.11 0.55 0.24 3.26 0.94 1.90 -1.08 1.37 -0.23 -0.09 0.40 3.51 2.69
EPS in Rs -0.37 1.83 0.80 10.87 3.13 6.33 -3.60 4.57 -0.77 -0.30 1.33 11.70 8.96
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: 15%
5 Years: 41%
3 Years: 75%
TTM: 53%
Compounded Profit Growth
10 Years: 19%
5 Years: 46%
3 Years: 158%
TTM: 70%
Stock Price CAGR
10 Years: %
5 Years: 80%
3 Years: 120%
1 Year: 211%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 39%
Last Year: 76%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4.00 4.00 4.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Reserves -6.48 -5.92 -5.69 -3.34 -2.39 -0.50 -1.58 -0.21 -0.44 -0.54 -0.14 3.39
2.96 2.61 1.97 2.34 1.83 1.22 1.40 0.55 0.72 1.35 1.15 0.19
1.93 1.94 2.19 0.37 0.88 2.37 0.73 0.48 0.21 0.15 0.39 1.02
Total Liabilities 1.41 1.63 1.47 2.37 3.32 6.09 3.55 3.82 3.49 3.96 4.40 7.60
0.42 0.40 0.37 0.34 0.32 0.31 0.49 0.42 0.55 0.47 0.39 0.38
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 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.99 1.23 1.09 2.03 3.00 5.78 3.06 3.40 2.94 3.49 4.01 7.22
Total Assets 1.41 1.63 1.47 2.37 3.32 6.09 3.55 3.82 3.49 3.96 4.40 7.60

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.57 0.39 0.05 1.11 0.50 1.00 0.07 1.07 -0.26 0.16 0.40 4.34
0.24 0.00 0.00 0.69 0.01 0.03 -0.22 -0.09 0.15 -0.72 -0.14 -2.53
0.31 -0.38 -0.01 -1.59 -0.61 -0.69 0.09 -0.93 0.09 0.54 -0.25 -0.98
Net Cash Flow -0.02 0.01 0.04 0.22 -0.10 0.34 -0.06 0.04 -0.01 -0.03 0.01 0.83

Ratios

Figures in Rs. Crores

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 133.37 113.52 98.03 54.15 115.62 69.88 52.14 21.47 22.96 19.98 32.76 26.83
Inventory Days 117.74 169.33 222.36 136.66 669.17 465.86 647.30 568.61 1,355.71 843.82 1,126.74 326.13
Days Payable 7.85 18.81 8.39 0.00 0.00 100.86 28.52 0.00 0.00 23.55 0.00 0.00
Cash Conversion Cycle 243.26 264.03 311.99 190.81 784.79 434.88 670.93 590.08 1,378.67 840.24 1,159.50 352.97
Working Capital Days 14.04 45.41 -35.46 98.94 227.84 174.99 452.69 189.11 560.13 404.95 369.68 69.00
ROCE % 39.47% 109.40% 59.79% 230.70% 68.92% 96.75% -20.80% 57.47% -7.85% -0.85% 14.32% 92.35%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36%
0.00% 0.00% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25% 11.25%
46.64% 46.64% 35.39% 35.39% 35.39% 35.39% 35.39% 35.39% 35.39% 35.39% 35.39% 35.38%
No. of Shareholders 3,9253,9233,9173,9293,9433,9713,9974,0074,3744,3914,4154,700

* 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

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