Magna Eletrocasting Ltd

Magna Eletrocasting is engaged in the manufacturing and selling of Cast Iron Components.(Source : 201903 Annual Report Page No: 82)

  • Market Cap: 73.69 Cr.
  • Current Price: 160.90
  • 52 weeks High / Low 196.00 / 94.00
  • Book Value: 160.40
  • Stock P/E: 12.16
  • Dividend Yield: 1.55 %
  • ROCE: 11.90 %
  • ROE: 9.25 %
  • Sales Growth (3Yrs): 6.86 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
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Pros:
Company is virtually debt free.
Stock is trading at 1.00 times its book value
Cons:
The company has delivered a poor growth of -1.05% over past five years.
Company has a low return on equity of 12.74% for last 3 years.

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
24.15 21.47 25.72 28.15 30.63 31.23 32.14 28.68 26.64 20.82 20.19 17.30
20.77 18.54 23.57 24.33 25.22 26.37 28.37 24.51 22.57 18.88 19.53 14.69
Operating Profit 3.38 2.93 2.15 3.82 5.41 4.86 3.77 4.17 4.07 1.94 0.66 2.61
OPM % 14.00% 13.65% 8.36% 13.57% 17.66% 15.56% 11.73% 14.54% 15.28% 9.32% 3.27% 15.09%
Other Income 0.49 0.01 0.25 0.74 1.12 0.46 0.56 0.13 0.45 0.65 0.91 0.32
Interest 0.10 0.12 0.09 0.11 0.08 0.04 0.06 0.01 0.01 -0.00 0.09 0.02
Depreciation 1.46 1.46 0.15 1.20 1.48 1.34 1.41 1.33 0.89 1.11 1.03 0.78
Profit before tax 2.31 1.36 2.16 3.25 4.97 3.94 2.86 2.96 3.62 1.48 0.45 2.13
Tax % 13.42% 23.53% -6.02% 24.62% 19.11% 22.84% 33.92% 27.03% 23.48% -0.00% 35.56% 28.17%
Net Profit 2.00 1.04 2.29 2.45 4.01 3.04 1.89 2.16 2.77 1.48 0.28 1.53
EPS in Rs 4.35 2.26 5.01 5.36 8.76 6.64 4.12 4.71 6.04 3.23 0.61 3.33
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
62.13 38.93 60.85 85.17 86.79 75.39 101.55 93.43 78.94 93.07 122.92 96.32 84.95
54.53 29.77 50.67 71.67 73.17 60.91 86.89 79.26 64.68 80.72 105.13 85.48 75.67
Operating Profit 7.60 9.16 10.18 13.50 13.62 14.48 14.66 14.17 14.26 12.35 17.79 10.84 9.28
OPM % 12.23% 23.53% 16.73% 15.85% 15.69% 19.21% 14.44% 15.17% 18.06% 13.27% 14.47% 11.25% 10.92%
Other Income 1.99 1.87 1.95 0.52 0.95 0.77 0.45 0.90 0.52 0.39 2.95 2.15 2.33
Interest 2.01 1.34 1.74 2.33 2.37 2.58 2.32 1.35 0.54 0.32 0.29 0.12 0.12
Depreciation 3.91 4.14 4.79 5.49 6.16 6.96 4.42 4.63 5.21 4.54 5.43 4.36 3.81
Profit before tax 3.67 5.55 5.60 6.20 6.04 5.71 8.37 9.09 9.03 7.88 15.02 8.51 7.68
Tax % 57.77% 43.96% 32.86% 32.58% 13.08% 19.09% 35.13% 26.95% 18.94% 12.94% 24.10% 21.39%
Net Profit 1.55 3.11 3.76 4.18 5.25 4.62 5.43 6.65 7.32 6.86 11.40 6.69 6.06
EPS in Rs 3.12 6.46 7.88 8.80 11.15 9.81 11.48 14.10 15.97 14.97 24.87 14.59 13.21
Dividend Payout % 44.32% 29.45% 24.36% 21.91% 15.70% 15.86% 15.18% 13.77% 12.51% 13.35% 20.09% 17.12%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.48%
5 Years:-1.05%
3 Years:6.86%
TTM:-30.75%
Compounded Profit Growth
10 Years:7.89%
5 Years:4.28%
3 Years:-2.61%
TTM:-45.41%
Stock Price CAGR
10 Years:9.08%
5 Years:9.94%
3 Years:-1.41%
1 Year:-6.86%
Return on Equity
10 Years:13.94%
5 Years:13.37%
3 Years:12.74%
Last Year:9.25%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4.58 4.58 4.58 4.58 4.58 4.58 4.58 4.58 4.58 4.58 4.58 4.58
Reserves 16.01 18.05 20.74 23.85 28.14 31.90 36.34 41.88 50.40 56.06 66.21 68.92
Borrowings 10.75 10.21 11.87 20.99 21.29 19.51 20.44 9.71 4.89 3.46 -0.00 0.19
14.80 15.16 19.17 19.07 17.41 19.05 21.15 20.18 15.12 18.09 19.35 15.14
Total Liabilities 46.14 48.00 56.36 68.49 71.42 75.04 82.51 76.35 74.99 82.19 90.14 88.83
29.06 30.40 33.01 37.66 43.60 40.72 40.94 42.49 38.66 36.89 33.34 33.29
CWIP -0.00 -0.00 2.18 -0.00 1.59 -0.00 -0.00 -0.00 0.29 -0.00 0.07 -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
17.08 17.60 21.17 30.83 26.23 34.32 41.57 33.86 36.04 45.30 56.73 55.54
Total Assets 46.14 48.00 56.36 68.49 71.42 75.04 82.51 76.35 74.99 82.19 90.14 88.83

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
11.89 6.23 10.06 11.25 16.77 7.99 10.15 8.87 7.34 3.04 7.05 9.30
-2.01 -5.31 -9.51 -7.92 -13.19 -2.42 -4.44 -6.07 -1.17 -2.35 -1.46 -3.53
-7.91 -2.67 -1.15 -3.17 -3.74 -5.32 -5.22 -2.63 -5.64 -1.69 -4.86 -4.33
Net Cash Flow 1.97 -1.75 -0.60 0.16 -0.16 0.25 0.49 0.17 0.53 -1.00 0.73 1.43

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17.71% 21.50% 20.99% 19.70% 16.26% 15.07% 18.15% 17.73% 16.27% 13.23% 22.69% 11.90%
Debtor Days 22.50 70.88 54.71 82.41 62.28 96.20 89.68 74.54 95.30 111.61 91.81 91.40
Inventory Turnover 5.84 3.46 4.94 6.82 8.42 5.67 6.74 6.03 4.54 5.49 5.94 4.27

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
42.41 42.41 42.41 42.41 42.75 46.15 46.18 46.33 46.85 46.87 48.31 48.45
1.29 1.42 1.42 1.42 1.42 1.42 1.42 1.42 1.09 1.09 1.09 1.09
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
56.29 56.17 56.17 56.17 55.83 52.43 52.40 52.25 52.06 52.04 50.60 50.46