Mefcom Capital Markets Ltd

Mefcom Capital Markets Ltd

₹ 13.9 2.74%
18 Jun 11:36 a.m.
About

Incorporated in 1985, Mefcom Capital Markets Ltd is engaged in capital market operations and merchant banking activities.

Key Points

Company Overview:[1]
Company has managed 250+ IPOs & Rights issues, helping mobilize more than INR 25,000 million in Indian Capital Markets.
Company is a widely held public limited company with about 4,000 shareholders including institutional investors such as Unit Trust of India, PNB Mutual Fund, BOI Mutual Fund, Allahabad Bank, Catholic Syrian Bank and more than 250 NRI investors from all over the world.

  • Market Cap 63.4 Cr.
  • Current Price 13.9
  • High / Low 26.0 / 10.4
  • Stock P/E 8.17
  • Book Value 4.93
  • Dividend Yield 0.00 %
  • ROCE 41.1 %
  • ROE 43.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 43.3% CAGR over last 5 years
  • Company's median sales growth is 74.7% of last 10 years
  • Company's working capital requirements have reduced from 54.7 days to 29.0 days

Cons

  • Stock is trading at 2.83 times its book value
  • Company has a low return on equity of 10.9% 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
13.39 21.31 35.04 33.34 33.34 14.23 14.23 14.23 8.92 23.84 50.59 67.76 90.65
13.27 19.17 33.25 32.48 32.48 18.53 18.53 18.53 10.62 21.89 48.91 64.06 89.08
Operating Profit 0.12 2.14 1.79 0.86 0.86 -4.30 -4.30 -4.30 -1.70 1.95 1.68 3.70 1.57
OPM % 0.90% 10.04% 5.11% 2.58% 2.58% -30.22% -30.22% -30.22% -19.06% 8.18% 3.32% 5.46% 1.73%
0.10 0.09 0.09 0.20 0.20 0.01 0.01 0.01 0.08 0.05 0.22 0.11 0.05
Interest 0.05 0.09 0.13 0.20 0.20 0.19 0.19 0.19 0.20 0.15 0.13 0.16 0.18
Depreciation 0.05 0.02 0.02 0.08 0.08 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01
Profit before tax 0.12 2.12 1.73 0.78 0.78 -4.50 -4.50 -4.50 -1.84 1.83 1.75 3.63 1.43
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.59%
0.12 2.13 1.74 0.78 0.78 -4.51 -4.51 -4.51 -1.84 1.83 1.75 3.63 1.25
EPS in Rs 0.07 0.45 0.35 0.14 0.14 -0.96 -0.96 -0.96 -0.38 0.39 0.32 0.74 0.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 2 3 2 6 26 4 3 31 107 66 233
4 2 2 2 7 25 6 4 28 103 71 224
Operating Profit -1 -0 0 -0 -0 1 -3 -2 2 5 -5 9
OPM % -29% -8% 19% -1% -6% 2% -70% -67% 7% 4% -7% 4%
0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -1 -0 0 -0 -0 1 -2 -2 2 4 -6 9
Tax % -1% 0% 0% -500% -9% 0% 2% 0% 0% 17% 0% 2%
-1 -0 0 -0 -0 1 -2 -2 2 3 -6 8
EPS in Rs -0.14 -0.02 0.11 -0.01 -0.04 0.12 -0.42 -0.32 0.48 0.66 -1.17 1.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 66%
5 Years: 130%
3 Years: 97%
TTM: 251%
Compounded Profit Growth
10 Years: 57%
5 Years: 43%
3 Years: 57%
TTM: 245%
Stock Price CAGR
10 Years: 20%
5 Years: 39%
3 Years: 111%
1 Year: -27%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 11%
Last Year: 43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 1 1 2 0 7 6 2 1 4 9 4 13
0 0 0 0 0 0 0 0 3 8 6 1
2 3 3 2 3 2 1 1 2 2 2 2
Total Liabilities 12 13 13 11 19 18 13 11 18 28 21 25
1 1 1 1 0 1 0 0 1 1 1 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 4 4 4 3 9 5 2 2 3 7 6 5
7 8 8 6 10 11 11 9 15 21 14 20
Total Assets 12 13 13 11 19 18 13 11 18 28 21 25

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 2 -1 -1 3 1 -2 -5 -4 -2 0 3
5 0 1 1 -3 -0 2 6 0 -2 1 4
-1 -0 0 -0 0 -0 0 0 3 4 -2 -6
Net Cash Flow -1 2 -1 -1 -0 1 0 0 -1 0 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 10 0 84 37 7 35 46 4 1 2 1
Inventory Days 46 0 113 122 333 46 177 546 151 59 62 27
Days Payable 24 308 28 16 1 0 2 2 0 2 0
Cash Conversion Cycle 41 10 -195 178 354 53 212 590 153 60 61 28
Working Capital Days 355 243 238 668 469 70 406 965 156 64 71 29
ROCE % -8% -1% 4% 0% -3% 3% -16% -15% 15% 20% -20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.74% 71.74% 71.74% 74.12% 74.43% 74.42% 74.43% 74.43% 74.43% 74.43% 74.43% 74.43%
0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
28.16% 28.16% 28.16% 25.78% 25.48% 25.47% 25.48% 25.48% 25.48% 25.47% 25.48% 25.47%
No. of Shareholders 3,0983,1253,4463,4663,4243,3127,0956,6346,3217,0507,2777,258

* 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.

Click on the line-items to see the names of individual entities.

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