Metal Coatings (India) Ltd

Metal Coatings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Metal Coatings (India) Ltd

₹ 91.5 -2.32%
03 May 4:01 p.m.
mcil.net BSE: 531810
About

Incorporated in 1994, Metal Coatings (India) Ltd is engaged in the manufacture and sale of Cold Rolled Steel Coils/Strips and H.R. Pickled & Oiled Coils/strips.

Key Points

Product Profile:[1]
a) Mcil Cold Rolled Steel Coils
b) Mcil Cold Rolled Steel Strips
c) Mcil HRPO Steel Strips
d) Mcil Hrpo Steel Coils

Website BSE
  • Market Cap ₹ 67.1 Cr.
  • Current Price ₹ 91.5
  • High / Low ₹ 119 / 72.0
  • Stock P/E 24.3
  • Book Value ₹ 51.8
  • Dividend Yield 0.00 %
  • ROCE 9.25 %
  • ROE 7.78 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 76.4 to 60.0 days.
  • Company's working capital requirements have reduced from 98.8 days to 69.0 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.01% over past five years.
  • Company has a low return on equity of 8.28% 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: Steel Industry: Steel - Medium / Small

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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
31.19 35.98 25.90 32.60 38.82 44.94 49.83 39.45 37.82 43.30 39.23 43.06 42.13
29.63 34.61 24.63 31.76 37.43 45.31 48.69 38.96 37.38 41.65 38.59 42.38 41.47
Operating Profit 1.56 1.37 1.27 0.84 1.39 -0.37 1.14 0.49 0.44 1.65 0.64 0.68 0.66
OPM % 5.00% 3.81% 4.90% 2.58% 3.58% -0.82% 2.29% 1.24% 1.16% 3.81% 1.63% 1.58% 1.57%
0.16 0.13 0.12 0.10 0.08 0.94 0.07 0.10 0.14 0.14 0.13 0.15 0.09
Interest 0.00 0.03 0.06 0.01 0.01 0.06 0.03 0.01 0.01 0.02 0.00 0.00 0.00
Depreciation 0.13 0.13 0.13 0.12 0.11 0.11 0.12 0.09 0.11 0.14 0.13 0.13 0.13
Profit before tax 1.59 1.34 1.20 0.81 1.35 0.40 1.06 0.49 0.46 1.63 0.64 0.70 0.62
Tax % 27.04% 15.67% 25.00% 27.16% 23.70% 22.50% 23.58% 34.69% 8.70% 26.38% 20.31% 22.86% 19.35%
1.17 1.12 0.90 0.59 1.02 0.31 0.81 0.33 0.42 1.21 0.51 0.54 0.50
EPS in Rs 1.60 1.53 1.23 0.81 1.39 0.42 1.11 0.45 0.57 1.65 0.70 0.74 0.68
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
121 101 109 114 92 98 110 154 120 94 142 170 168
116 97 105 110 88 93 107 150 116 91 139 166 164
Operating Profit 5 4 4 4 4 4 4 4 4 3 3 4 4
OPM % 4% 4% 4% 4% 4% 5% 4% 3% 3% 3% 2% 2% 2%
1 1 1 0 0 1 0 1 1 1 1 0 1
Interest 2 2 2 2 1 1 0 1 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0 0 1
Profit before tax 3 2 3 2 2 3 3 4 4 3 4 4 4
Tax % 34% 37% 29% 32% 35% 34% 37% 25% 26% 25% 25% 24%
2 1 2 1 2 2 2 3 3 3 3 3 3
EPS in Rs 1.91 2.48 1.92 2.06 2.66 2.72 4.19 3.89 3.51 3.85 3.77 3.77
Dividend Payout % 29% 0% 40% 52% 49% 38% 37% 12% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 12%
TTM: -3%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: -1%
TTM: 48%
Stock Price CAGR
10 Years: 23%
5 Years: 30%
3 Years: 49%
1 Year: 1%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 8%
Last Year: 8%

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 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 10 13 14 14 15 17 18 19 22 24 27 30 31
17 14 17 13 17 11 10 8 4 10 10 0 2
3 3 3 5 5 5 5 6 5 5 6 6 7
Total Liabilities 35 37 41 40 45 40 39 40 38 46 49 43 48
7 7 8 8 8 7 6 5 5 5 5 6 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3 3 3 3 3 0 0 0 1 0 0 0 0
25 27 30 28 34 32 33 35 31 41 45 38 42
Total Assets 35 37 41 40 45 40 39 40 38 46 49 43 48

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
2 0 0 4 -1 4 1 3 8 -5 -6 11
-4 -0 -2 -0 -0 3 0 0 -2 2 0 -1
2 1 2 -3 3 -7 -2 -3 -4 6 0 -10
Net Cash Flow -0 0 0 0 2 0 -0 0 2 3 -5 0

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 40 62 64 62 79 84 80 65 74 98 71 60
Inventory Days 36 32 33 26 47 38 31 16 11 37 33 16
Days Payable 0 0 0 0 3 2 0 2 1 1 1 1
Cash Conversion Cycle 75 94 96 88 124 120 111 79 84 135 103 76
Working Capital Days 67 87 87 76 107 105 96 71 76 123 104 69
ROCE % 17% 13% 12% 11% 10% 12% 10% 13% 12% 9% 9% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.19% 65.19% 65.94% 70.04% 70.24% 70.38% 70.36% 70.36% 70.36% 70.36% 70.35% 70.43%
34.81% 34.81% 34.06% 29.96% 29.76% 29.61% 29.63% 29.64% 29.64% 29.64% 29.64% 29.56%
No. of Shareholders 9891,2941,3481,4701,4511,5831,7091,7041,7321,7332,1212,126

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