Magna Electro Castings Ltd

Magna Electrocas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Magna Electro Castings Ltd

₹ 475 -1.22%
26 Apr - close price
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 ₹ 201 Cr.
  • Current Price ₹ 475
  • High / Low ₹ 594 / 310
  • Stock P/E 14.6
  • Book Value ₹ 238
  • Dividend Yield 0.63 %
  • ROCE 24.1 %
  • ROE 18.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 83.6 days to 64.7 days

Cons

  • Company has a low return on equity of 12.2% 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

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
26.54 28.53 22.40 37.42 40.61 34.82 43.07 46.12 38.63 36.82 35.39 36.81 35.15
24.68 27.63 20.32 32.39 35.94 33.56 36.51 37.66 32.54 32.26 29.62 31.12 29.49
Operating Profit 1.86 0.90 2.08 5.03 4.67 1.26 6.56 8.46 6.09 4.56 5.77 5.69 5.66
OPM % 7.01% 3.15% 9.29% 13.44% 11.50% 3.62% 15.23% 18.34% 15.76% 12.38% 16.30% 15.46% 16.10%
0.53 0.16 0.18 0.71 0.20 1.13 0.18 1.99 0.33 0.80 0.33 0.44 0.33
Interest -0.04 0.05 0.02 0.08 0.10 0.12 0.22 0.00 0.06 0.06 0.07 0.01 0.07
Depreciation 1.13 1.06 1.11 1.17 1.26 1.05 1.41 1.41 1.26 1.43 1.04 1.09 1.08
Profit before tax 1.30 -0.05 1.13 4.49 3.51 1.22 5.11 9.04 5.10 3.87 4.99 5.03 4.84
Tax % 42.31% 420.00% 25.66% 25.17% 31.34% 9.02% 25.44% 25.33% 25.10% 28.94% 25.45% 25.05% 27.07%
0.75 0.17 0.85 3.36 2.42 1.10 3.81 6.75 3.81 2.75 3.72 3.77 3.53
EPS in Rs 1.77 0.40 2.01 7.94 5.72 2.60 9.00 15.95 9.00 6.50 8.79 8.91 8.34
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
85 87 75 102 93 79 93 123 96 98 136 165 144
72 73 61 87 79 65 81 105 85 88 122 139 122
Operating Profit 14 14 14 15 14 14 12 18 11 10 14 26 22
OPM % 16% 16% 19% 15% 15% 18% 13% 14% 11% 10% 10% 16% 15%
1 1 1 0 1 1 0 3 2 1 2 3 2
Interest 2 2 3 2 1 1 0 0 0 0 0 0 0
Depreciation 5 6 7 4 5 5 5 5 4 4 5 6 5
Profit before tax 6 6 6 8 9 9 8 15 9 7 10 23 19
Tax % 33% 13% 19% 35% 27% 19% 13% 24% 21% 26% 25% 26%
4 5 5 5 7 7 7 11 7 5 8 17 14
EPS in Rs 9.12 11.46 10.08 11.85 14.51 15.97 14.97 24.88 14.60 12.24 18.27 40.45 32.54
Dividend Payout % 22% 16% 16% 15% 14% 13% 13% 20% 17% 12% 14% 7%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 20%
TTM: -11%
Compounded Profit Growth
10 Years: 12%
5 Years: 18%
3 Years: 33%
TTM: -11%
Stock Price CAGR
10 Years: 22%
5 Years: 20%
3 Years: 45%
1 Year: 46%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 18%

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 Sep 2023
Equity Capital 5 5 5 5 5 5 5 5 5 4 4 4 4
Reserves 24 28 32 36 42 50 56 66 69 67 74 90 96
21 21 20 20 10 5 3 0 0 0 5 0 0
19 17 19 21 20 15 18 19 15 20 24 25 30
Total Liabilities 68 71 75 83 76 75 82 90 89 91 107 119 130
38 44 41 41 42 39 37 33 33 31 32 40 40
CWIP 0 2 0 0 0 0 0 0 0 2 1 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 1 1
31 26 34 42 34 36 45 57 56 58 74 76 87
Total Assets 68 71 75 83 76 75 82 90 89 91 107 119 130

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
11 17 8 10 9 7 3 7 9 9 -1 20
-8 -13 -2 -4 -6 -1 -2 -1 -4 -4 -3 -12
-3 -4 -5 -5 -3 -6 -2 -5 -4 -8 4 -6
Net Cash Flow 0 -0 0 0 0 1 -1 1 1 -2 -0 1

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 82 62 96 90 75 95 112 92 91 109 105 85
Inventory Days 59 47 101 63 72 95 92 78 107 73 79 56
Days Payable 113 112 172 128 148 161 148 124 125 91 81 74
Cash Conversion Cycle 29 -3 26 25 -1 29 56 45 74 91 103 66
Working Capital Days 49 33 67 71 53 90 109 95 102 91 95 65
ROCE % 20% 16% 15% 18% 18% 16% 13% 23% 12% 10% 14% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.58% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38%
47.42% 46.61% 46.61% 46.61% 46.61% 46.62% 46.63% 46.62% 46.63% 46.62% 46.62% 46.61%
No. of Shareholders 3,6513,7563,6333,6843,7453,8823,7443,7153,8064,5454,8675,012

Documents

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