Magna Electro Castings Ltd

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Magna Electro Castings Ltd

₹ 1,400 -1.59%
11 Sep 3:39 p.m.
magnacast.com BSE: 517449
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 ₹ 592 Cr.
  • Current Price ₹ 1,400
  • High / Low ₹ 1,470 / 706
  • Stock P/E 38.1
  • Book Value ₹ 343
  • Dividend Yield 0.36 %
  • ROCE 17.4 %
  • ROE 13.4 %
  • 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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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
35.39 36.81 35.15 36.35 42.16 45.64 43.14 45.51 48.52 52.33 47.98 47.61 50.81
29.62 31.12 29.49 30.09 32.53 35.91 35.72 38.08 38.73 42.87 40.64 41.06 43.37
Operating Profit 5.77 5.69 5.66 6.26 9.63 9.73 7.42 7.43 9.79 9.46 7.34 6.55 7.44
OPM % 16.30% 15.46% 16.10% 17.22% 22.84% 21.32% 17.20% 16.33% 20.18% 18.08% 15.30% 13.76% 14.64%
0.33 0.44 0.33 0.49 0.53 0.50 0.31 0.39 0.45 0.48 0.45 0.52 0.49
Interest 0.07 0.01 0.07 0.06 0.01 0.01 0.08 0.17 0.03 0.23 0.31 0.42 0.29
Depreciation 1.04 1.09 1.08 1.15 1.12 1.20 1.15 1.17 1.29 2.53 2.54 2.51 2.61
Profit before tax 4.99 5.03 4.84 5.54 9.03 9.02 6.50 6.48 8.92 7.18 4.94 4.14 5.03
Tax % 25.45% 25.05% 27.07% 26.35% 25.58% 25.61% 25.23% 25.77% 25.45% 24.65% 24.09% 35.75% 26.04%
3.72 3.77 3.53 4.09 6.72 6.72 4.86 4.82 6.66 5.41 3.75 2.66 3.73
EPS in Rs 8.79 8.91 8.34 9.66 15.88 15.88 11.48 11.39 15.74 12.78 8.86 6.29 8.81
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 TTM
102 93 79 93 123 96 98 136 165 144 176 196 199
87 79 65 81 105 85 88 122 139 120 142 163 168
Operating Profit 15 14 14 12 18 11 10 14 26 23 34 33 31
OPM % 15% 15% 18% 13% 14% 11% 10% 10% 16% 16% 19% 17% 15%
0 1 1 0 3 2 1 2 3 2 2 2 2
Interest 2 1 1 0 0 0 0 0 0 0 0 1 1
Depreciation 4 5 5 5 5 4 4 5 6 4 5 9 10
Profit before tax 8 9 9 8 15 9 7 10 23 20 31 25 21
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 16
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 36.74
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: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: 29%
3 Years: 6%
TTM: -33%
Stock Price CAGR
10 Years: 25%
5 Years: 52%
3 Years: 39%
1 Year: 36%
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 -8 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 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Electricity Consumption per Ton of Good Castings
units/ton

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Capacity Utilization
%
Export Sales Share
% of operating revenue
Installed Moulding Capacity
MT/month
Renewable Energy Share of Total Power
%
Production Volume
MT
US Sales Share
% of revenue
Top 3 Customer Concentration
% of revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.42% 53.66% 53.66% 53.66% 53.66% 53.66%
0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.05% 0.00% 0.02%
46.62% 46.62% 46.61% 46.62% 46.62% 46.57% 46.54% 46.29% 46.29% 46.30% 46.34% 46.32%
No. of Shareholders 4,5454,8675,0125,0415,2765,1145,1385,1225,6465,4885,3305,046

* 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

Credit ratings