Mihijam Vanaspati Ltd
Mihijam Vanaspati Ltd. manufactures edible oils and related food products. The Company offers a range of products including mamta vanaspati, mamta mustard oil, fir vanaspati, cherry vanaspati, and mamta vegetable oil. Mihijam distributes its products both domestically and internationally.
- Market Cap ₹ Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E
- Book Value ₹
- Dividend Yield %
- ROCE 9.78 %
- ROE 1.84 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 95.6 to 76.4 days.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.25% 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | |
|---|---|---|---|---|---|---|
| 58.57 | 68.25 | 67.32 | 72.88 | 107.02 | 86.82 | |
| 57.28 | 66.24 | 64.49 | 71.09 | 103.39 | 82.92 | |
| Operating Profit | 1.29 | 2.01 | 2.83 | 1.79 | 3.63 | 3.90 |
| OPM % | 2.20% | 2.95% | 4.20% | 2.46% | 3.39% | 4.49% |
| 0.07 | 0.18 | 0.23 | 1.10 | 0.37 | 0.29 | |
| Interest | 0.66 | 1.61 | 2.50 | 1.97 | 2.67 | 2.34 |
| Depreciation | 0.36 | 0.42 | 0.40 | 0.38 | 0.57 | 1.44 |
| Profit before tax | 0.34 | 0.16 | 0.16 | 0.54 | 0.76 | 0.41 |
| Tax % | 79.41% | 43.75% | 31.25% | 31.48% | 18.42% | 65.85% |
| 0.07 | 0.09 | 0.11 | 0.37 | 0.62 | 0.14 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| TTM: | -77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4.65 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 1.15 | 1.42 | 1.53 | 1.90 | 2.52 | 2.66 |
| 3.71 | 3.53 | 10.68 | 14.37 | 23.32 | 17.74 | |
| 8.54 | 21.08 | 31.69 | 38.91 | 30.40 | 41.78 | |
| Total Liabilities | 18.05 | 31.03 | 48.90 | 60.18 | 61.24 | 67.18 |
| 3.36 | 2.68 | 2.54 | 4.30 | 10.15 | 14.81 | |
| CWIP | 0.00 | 0.00 | 0.00 | 1.61 | 4.47 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14.69 | 28.35 | 46.36 | 54.27 | 46.62 | 52.37 | |
| Total Assets | 18.05 | 31.03 | 48.90 | 60.18 | 61.24 | 67.18 |
Cash Flows
Figures in Rs. Crores
| Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | |
|---|---|---|---|---|---|---|
| 0.62 | -0.17 | -4.81 | -0.45 | 8.36 | 4.88 | |
| -0.01 | -0.05 | -0.26 | -3.75 | -9.27 | -1.63 | |
| -0.11 | 0.77 | 7.15 | 3.69 | 0.12 | 0.63 | |
| Net Cash Flow | 0.50 | 0.55 | 2.08 | -0.51 | -0.79 | 3.88 |
| Free Cash Flow | 0.61 | -0.22 | -5.07 | -4.20 | -0.91 | 3.25 |
| CFO/OP | 57% | -3% | -102% | 61% | 232% | 127% |
Ratios
Figures in Rs. Crores
| Mar 2006 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | |
|---|---|---|---|---|---|---|
| Debtor Days | 42.81 | 81.29 | 122.15 | 133.52 | 76.81 | 76.39 |
| Inventory Days | 26.33 | 73.58 | 121.71 | 106.68 | 75.59 | 115.69 |
| Days Payable | 44.00 | 141.77 | 210.29 | 200.02 | 113.17 | 203.83 |
| Cash Conversion Cycle | 25.14 | 13.10 | 33.58 | 40.18 | 39.23 | -11.76 |
| Working Capital Days | 36.14 | 33.69 | 62.68 | 64.26 | 41.64 | 8.37 |
| ROCE % | 19.59% | 13.05% | 13.16% | 9.78% |