Magna Electro Castings Ltd

₹ 1,068 1.73%

16 Jun 12:17 p.m.

About

Incorporated in 1990, Magna Electro Castings Ltd manufactures and sells Cast Iron Components^[1]

Key Points

Business Overview:^[1]
MECL is in the business of manufacturing and Supplying Ferrous Components in small and medium volumes to users worldwide. It specializes in manufacturing Ductile Iron and Gray Iron casting in the range of 300 grams to a maximum of 2000 Kg. Magna also produces fully machined components, utilizing its in-house CNC machine shop and other facilities. It supplies safety requirement components in the casting and fully machined forms

Website BSE

Market Cap ₹ 452 Cr.
Current Price ₹ 1,068
High / Low ₹ 1,375 / 706
Stock P/E 24.5
Book Value ₹ 343
Dividend Yield 0.56 %
ROCE 17.4 %
ROE 13.5 %
Face Value ₹ 10.0

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Pros

Cons

Dividend payout has been low at 12.1% of profits over last 3 years

* 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

Industrials Capital Goods Industrial Products Castings & Forgings

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	36.82	35.39	36.81	35.15	36.35	42.16	45.64	43.14	45.51	48.52	52.33	47.98	47.61
	32.26	29.62	31.12	29.49	30.09	32.53	35.91	35.72	38.08	38.73	42.87	40.64	41.06
Operating Profit	4.56	5.77	5.69	5.66	6.26	9.63	9.73	7.42	7.43	9.79	9.46	7.34	6.55
OPM %	12.38%	16.30%	15.46%	16.10%	17.22%	22.84%	21.32%	17.20%	16.33%	20.18%	18.08%	15.30%	13.76%
	0.80	0.33	0.44	0.33	0.49	0.53	0.50	0.31	0.39	0.45	0.48	0.45	0.52
Interest	0.06	0.07	0.01	0.07	0.06	0.01	0.01	0.08	0.17	0.03	0.23	0.31	0.42
Depreciation	1.43	1.04	1.09	1.08	1.15	1.12	1.20	1.15	1.17	1.29	2.53	2.54	2.51
Profit before tax	3.87	4.99	5.03	4.84	5.54	9.03	9.02	6.50	6.48	8.92	7.18	4.94	4.14
Tax %	28.94%	25.45%	25.05%	27.07%	26.35%	25.58%	25.61%	25.23%	25.77%	25.45%	24.65%	24.09%	35.75%
	2.75	3.72	3.77	3.53	4.09	6.72	6.72	4.86	4.82	6.66	5.41	3.75	2.66
EPS in Rs	6.50	8.79	8.91	8.34	9.66	15.88	15.88	11.48	11.39	15.74	12.78	8.86	6.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	102	93	79	93	123	96	98	136	165	144	176	196
	87	79	65	81	105	85	88	122	139	120	142	163
Operating Profit	15	14	14	12	18	11	10	14	26	23	34	33
OPM %	15%	15%	18%	13%	14%	11%	10%	10%	16%	16%	19%	17%
	0	1	1	0	3	2	1	2	3	2	2	2
Interest	2	1	1	0	0	0	0	0	0	0	0	1
Depreciation	4	5	5	5	5	4	4	5	6	4	5	9
Profit before tax	8	9	9	8	15	9	7	10	23	20	31	25
Tax %	35%	27%	19%	13%	24%	21%	26%	25%	26%	26%	26%	27%
	5	7	7	7	11	7	5	8	17	15	23	18
EPS in Rs	11.85	14.51	15.97	14.97	24.88	14.60	12.24	18.27	40.45	35.70	54.63	43.64
Dividend Payout %	15%	14%	13%	13%	20%	17%	12%	14%	7%	14%	11%	11%

Compounded Sales Growth
10 Years:	8%
5 Years:	15%
3 Years:	6%
TTM:	11%

Compounded Profit Growth
10 Years:	11%
5 Years:	29%
3 Years:	6%
TTM:	-20%

Stock Price CAGR
10 Years:	25%
5 Years:	42%
3 Years:	49%
1 Year:	-3%

Return on Equity
10 Years:	14%
5 Years:	15%
3 Years:	16%
Last Year:	13%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	5	5	5	4	4	4	4	4	4
Reserves	36	42	50	56	66	69	67	74	90	104	125	141
	20	10	5	3	0	0	0	5	0	0	11	15
	21	20	15	18	19	15	20	24	25	20	42	34
Total Liabilities	83	76	75	82	90	89	91	107	119	128	183	194
	41	42	39	37	33	33	31	32	40	43	50	99
CWIP	0	0	0	0	0	0	2	1	1	1	41	5
Investments	0	0	0	0	0	0	0	0	1	1	1	1
	42	34	36	45	57	56	58	74	76	83	90	89
Total Assets	83	76	75	82	90	89	91	107	119	128	183	194

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	9	7	3	7	9	9	-1	20	8	40	21
	-4	-6	-1	-2	-1	-4	-4	-3	-12	-6	-50	-19
	-5	-3	-6	-2	-5	-4	-8	4	-6	-2	9	-0
Net Cash Flow	0	0	1	-1	1	1	-2	-0	1	0	-1	2
Free Cash Flow	6	3	6	1	5	5	5	-5	8	0	-12	1
CFO/OP	87%	77%	65%	40%	61%	108%	111%	9%	101%	57%	138%	86%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	90	75	95	112	92	91	109	105	85	92	112	82
Inventory Days	63	72	95	92	78	107	73	79	56	85	86	120
Days Payable	128	148	161	148	124	125	91	81	74	90	186	142
Cash Conversion Cycle	25	-1	29	56	45	74	91	103	66	87	12	59
Working Capital Days	18	33	74	95	95	102	90	82	65	83	71	66
ROCE %	18%	18%	16%	13%	23%	12%	10%	14%	24%	20%	25%	17%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Power Consumption per Tonne of Good Castings
Units/MT

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
x,xxx,xxx	x,xxx,xxx		x,xxx,xxx	x,xxx,xxx	x,xxx,xxx				xx,xxx,xxx	xx,xxx,xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx					xx.xx	xx.xx
	x,xxx	x,xxx	x,xxx	x,xxx					x,xxx	x,xxx
		xx.xx	xx.xx	xx.xx					xx.xx	xx.xx
		x,xxx	x,xxx	x,xxx						x,xxx
				xxx	xxx

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Captive Energy Generation (Wind + Solar)
Units

Export Share of Revenue
%

Installed Molding Capacity
MT per month

Capacity Utilization
%

Installed Melting Capacity
MT per month

New Products Developed
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	53.38%	53.38%	53.38%	53.38%	53.38%	53.38%	53.38%	53.42%	53.66%	53.66%	53.66%	53.66%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%	0.05%	0.05%	0.05%	0.00%
	46.63%	46.62%	46.62%	46.61%	46.62%	46.62%	46.57%	46.54%	46.29%	46.29%	46.30%	46.34%
No. of Shareholders	3,806	4,545	4,867	5,012	5,041	5,276	5,114	5,138	5,122	5,646	5,488	5,330

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42.41%	42.41%	46.18%	48.31%	52.58%	53.38%	53.38%	53.38%	53.42%	53.66%
	0.70%	1.42%	1.42%	1.09%	1.18%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%
	56.88%	56.17%	52.40%	50.60%	46.24%	46.61%	46.62%	46.61%	46.54%	46.34%
No. of Shareholders	4,672	4,251	3,953	3,668	3,235	3,684	3,715	5,012	5,138	5,330

* 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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Magna Electro Castings Ltd

Magna Electro Castings Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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