Mefcom Capital Markets Ltd

₹ 29.4 -4.85%
07 Dec - close price
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 135 Cr.
  • Current Price 29.4
  • High / Low 35.0 / 4.40
  • Stock P/E
  • Book Value 3.18
  • Dividend Yield 0.00 %
  • ROCE 20.9 %
  • ROE 19.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 395 days to 63.8 days

Cons

  • Stock is trading at 9.28 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.27% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
0.13 0.56 0.71 1.69 8.69 6.24 13.39 21.31 35.04 33.34 17.02 14.23 18.19
0.50 0.73 2.16 1.43 8.51 5.21 13.27 19.17 33.25 32.48 17.66 18.53 17.01
Operating Profit -0.37 -0.17 -1.45 0.26 0.18 1.03 0.12 2.14 1.79 0.86 -0.64 -4.30 1.18
OPM % -284.62% -30.36% -204.23% 15.38% 2.07% 16.51% 0.90% 10.04% 5.11% 2.58% -3.76% -30.22% 6.49%
0.17 0.20 0.20 0.03 0.05 0.35 0.10 0.09 0.09 0.20 0.06 0.01 0.18
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.09 0.13 0.20 0.18 0.19 0.18
Depreciation 0.00 0.00 0.00 0.00 0.00 0.02 0.05 0.02 0.02 0.08 0.03 0.02 0.02
Profit before tax -0.20 0.03 -1.25 0.29 0.23 1.36 0.12 2.12 1.73 0.78 -0.79 -4.50 1.16
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -84.81% 0.00% 0.00%
Net Profit -0.20 0.02 -1.25 0.29 0.23 1.36 0.12 2.13 1.74 0.78 -1.46 -4.51 1.15
EPS in Rs -0.03 0.01 -0.23 0.07 0.04 0.30 0.07 0.45 0.35 0.14 -0.29 -0.96 0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2.07 1.29 3.32 1.50 2.62 2.05 6.23 25.73 3.59 2.62 30.52 107.11 82.78
3.23 1.89 4.28 1.62 2.12 2.07 6.63 25.18 6.12 4.38 28.39 102.56 85.68
Operating Profit -1.16 -0.60 -0.96 -0.12 0.50 -0.02 -0.40 0.55 -2.53 -1.76 2.13 4.55 -2.90
OPM % -56.04% -46.51% -28.92% -8.00% 19.08% -0.98% -6.42% 2.14% -70.47% -67.18% 6.98% 4.25% -3.50%
0.05 0.08 0.10 0.03 0.08 0.09 0.00 0.00 0.04 0.00 0.00 0.04 0.45
Interest 0.33 0.31 0.06 0.03 0.03 0.03 0.02 0.03 0.00 0.00 0.05 0.60 0.75
Depreciation 0.15 0.16 0.11 0.08 0.09 0.06 0.02 0.01 0.01 0.01 0.07 0.13 0.15
Profit before tax -1.59 -0.99 -1.03 -0.20 0.46 -0.02 -0.44 0.51 -2.50 -1.77 2.01 3.86 -3.35
Tax % 6.29% -20.20% -0.97% 0.00% 0.00% -500.00% -9.09% 0.00% 1.60% 0.00% 0.00% 17.36%
Net Profit -1.49 -1.18 -1.03 -0.21 0.46 -0.12 -0.20 0.51 -2.46 -1.77 2.01 3.19 -4.04
EPS in Rs -0.31 -0.21 -0.14 -0.02 0.11 -0.01 -0.04 0.12 -0.42 -0.32 0.48 0.66 -0.85
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: 56%
5 Years: 77%
3 Years: 210%
TTM: 9%
Compounded Profit Growth
10 Years: 18%
5 Years: 76%
3 Years: 53%
TTM: -176%
Stock Price CAGR
10 Years: 24%
5 Years: 44%
3 Years: 141%
1 Year: 251%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 9%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14 9.14
Reserves 0.46 0.01 1.10 1.01 1.50 0.11 7.37 6.50 2.38 0.99 3.91 8.97 5.37
2.88 1.22 0.19 0.06 0.23 0.03 0.08 0.00 0.00 0.00 3.29 7.90 9.24
3.64 2.51 1.77 2.81 2.60 1.58 2.52 2.28 1.44 1.17 2.05 2.24 2.52
Total Liabilities 15.12 12.88 12.20 13.02 13.47 10.86 19.11 17.92 12.96 11.30 18.39 28.25 26.27
1.70 1.55 1.40 1.32 1.21 1.18 0.33 1.40 0.33 0.33 0.72 0.57 0.54
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 7.67 6.92 3.84 3.89 4.13 3.29 9.24 5.43 2.05 2.08 2.56 6.84 5.38
5.75 4.41 6.96 7.81 8.13 6.39 9.54 11.09 10.58 8.89 15.11 20.84 20.35
Total Assets 15.12 12.88 12.20 13.02 13.47 10.86 19.11 17.92 12.96 11.30 18.39 28.25 26.27

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2.60 0.44 -4.01 1.60 -1.33 -1.03 3.25 0.81 -2.15 -5.38 -4.17 -2.20
-2.47 0.91 4.56 0.14 0.56 0.75 -3.30 -0.17 2.37 5.71 0.31 -1.78
3.27 -1.11 -1.14 -0.15 0.15 -0.32 0.04 -0.10 0.00 0.00 3.24 4.00
Net Cash Flow -1.80 0.24 -0.59 1.59 -0.63 -0.60 -0.01 0.55 0.22 0.33 -0.61 0.03

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 354.42 16.98 18.69 9.73 0.00 83.68 36.91 6.95 34.57 45.97 3.95 1.12
Inventory Days 0.00 45.62 0.00 113.10 121.67 333.14 46.20 177.00 546.47 150.71 58.71
Days Payable 23.55 308.45 27.81 16.38 0.61 0.00 2.05 1.62 0.11
Cash Conversion Cycle 354.42 16.98 40.77 9.73 -195.35 177.54 353.67 52.54 211.56 590.40 153.04 59.73
Working Capital Days 562.49 118.84 355.11 243.33 238.23 667.68 469.29 70.50 405.67 965.44 155.95 63.76
ROCE % -11.79% -6.22% -9.33% -1.65% 4.65% 0.10% -3.25% 3.35% -18.41% -16.35% 15.56% 20.92%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
70.84 70.84 70.84 70.84 70.84 70.84 71.74 71.74 71.74 74.12 74.43 74.42
0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
29.06 29.06 29.06 29.06 29.06 29.06 28.16 28.16 28.16 25.78 25.48 25.47

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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