MFL India Ltd

About

MFL India is primarily a Logistics and Cargo Transport Enterprise with its own fleet of modern trucks and other specialized cargo handling and transport equipment.

  • Market Cap 11.9 Cr.
  • Current Price 0.33
  • High / Low 0.50 / 0.15
  • Stock P/E 3.92
  • Book Value -0.04
  • Dividend Yield 0.00 %
  • ROCE 56.6 %
  • ROE %
  • Face Value 1.00

Pros

  • Debtor days have improved from 120.98 to 94.74 days.

Cons

  • The company has delivered a poor sales growth of -34.90% over past five years.
  • Promoter holding is low: 0.42%
  • Earnings include an other income of Rs.2.86 Cr.
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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
0.13 0.00 0.00 0.00 33.39 0.00 1.19 2.34 2.20 2.82 6.31 0.67
1.07 0.07 0.12 0.00 0.32 0.03 1.36 2.31 2.19 2.76 6.21 0.72
Operating Profit -0.94 -0.07 -0.12 0.00 33.07 -0.03 -0.17 0.03 0.01 0.06 0.10 -0.05
OPM % -723.08% 99.04% -14.29% 1.28% 0.45% 2.13% 1.58% -7.46%
Other Income 0.00 0.15 0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.86 0.00
Interest 1.30 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.41 0.41 0.40 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -2.65 -0.33 -0.39 -0.41 33.07 -0.03 -0.17 0.03 0.01 0.06 2.96 -0.05
Tax % 0.00% -21.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2.03% 0.00%
Net Profit -2.65 -0.39 -0.40 -0.41 33.07 -0.03 -0.17 0.03 0.01 0.06 3.01 -0.05
EPS in Rs -0.07 -0.01 -0.01 -0.01 0.92 -0.00 -0.00 0.00 0.00 0.00 0.08 -0.00

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
0.09 75.36 77.34 90.05 110.68 126.97 141.04 147.41 59.28 0.00 1.19 16.49 12.00
0.25 66.89 70.06 82.61 104.33 119.89 128.34 131.47 83.85 1.93 1.47 13.50 11.88
Operating Profit -0.16 8.47 7.28 7.44 6.35 7.08 12.70 15.94 -24.57 -1.93 -0.28 2.99 0.12
OPM % -177.78% 11.24% 9.41% 8.26% 5.74% 5.58% 9.00% 10.81% -41.45% -23.53% 18.13% 1.00%
Other Income -0.03 -0.10 -0.01 0.04 0.03 -0.22 -0.05 0.01 -5.22 -18.94 33.14 0.05 2.86
Interest 0.00 1.93 2.09 1.57 2.20 2.74 4.64 7.23 8.43 2.61 0.00 0.00 0.00
Depreciation 0.00 5.93 4.66 4.84 2.85 2.72 6.27 7.63 10.52 1.63 0.41 0.00 0.00
Profit before tax -0.19 0.51 0.52 1.07 1.33 1.40 1.74 1.09 -48.74 -25.11 32.45 3.04 2.98
Tax % 0.00% -109.80% -1.92% 79.44% 49.62% 48.57% 52.87% 120.18% 0.00% 0.00% 0.00% -1.97%
Net Profit -0.19 1.07 0.54 0.23 0.68 0.71 0.82 -0.22 -48.73 -25.11 32.46 3.10 3.03
EPS in Rs 0.07 0.01 0.01 0.02 0.02 0.02 -0.01 -1.35 -0.70 0.90 0.09 0.08
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-14%
5 Years:-35%
3 Years:-35%
TTM:-68%
Compounded Profit Growth
10 Years:10%
5 Years:30%
3 Years:27%
TTM:-91%
Stock Price CAGR
10 Years:-11%
5 Years:-14%
3 Years:20%
1 Year:74%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.31 14.91 36.03 36.03 36.03 36.03 36.03 36.03 36.03 36.03 36.03 36.03
Reserves -4.93 -3.86 -3.32 -3.10 -2.42 -1.71 -0.89 -1.11 -47.76 -72.87 -40.41 -37.31
Borrowings 0.00 14.43 11.77 17.38 16.61 32.11 42.16 65.69 74.04 37.95 8.91 7.50
0.01 30.91 2.74 5.17 4.35 4.56 5.89 7.30 4.23 6.03 0.58 1.54
Total Liabilities 0.39 56.39 47.22 55.48 54.57 70.99 83.19 107.91 66.54 7.14 5.11 7.76
0.00 24.18 20.70 25.89 18.67 38.32 39.81 48.72 63.88 5.66 1.86 1.86
CWIP 0.00 0.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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
0.39 31.65 26.52 29.59 35.90 32.67 43.38 59.19 2.66 1.48 3.25 5.90
Total Assets 0.39 56.39 47.22 55.48 54.57 70.99 83.19 107.91 66.54 7.14 5.11 7.76

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0.07 -3.31 3.32 4.96 -0.60 8.95 2.85 0.87 0.00 0.00 0.00 0.68
0.02 -1.62 -0.62 -9.97 4.38 -22.57 -8.02 -16.51 0.00 0.00 0.00 0.89
0.00 6.32 -4.69 4.15 -2.89 12.76 5.42 16.31 0.00 0.00 0.00 -1.42
Net Cash Flow -0.05 1.39 -1.99 -0.86 0.89 -0.85 0.24 0.67 0.00 0.00 0.00 0.15

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0.00 128.98 112.56 113.33 113.25 91.01 95.65 128.41 0.00 147.23 94.74
Inventory Days 0.00 127.08 0.00 1,087.55 32.03
Days Payable 56.06 409.69 10.49
Cash Conversion Cycle 0.00 128.98 112.56 113.33 113.25 91.01 95.65 199.44 0.00 825.08 116.27
Working Capital Days 1,176.11 99.97 116.10 108.47 109.35 88.66 104.27 136.23 -12.87 739.20 106.02
ROCE % -31.58% 19.64% 7.52% 5.57% 7.04% 7.51% 8.96% 9.35% -42.94% -8.33% 1,159.57% 56.56%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42
99.58 99.58 99.58 99.58 99.58 99.58 99.58 99.58 99.58 99.58 99.58 99.58

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