Manjeera Constructions Ltd

Manjeera Constructions Ltd

₹ 43.0 -0.02%
26 Apr - close price
About

Incorporated in 1987, Manjeera Constructions Ltd is engaged in the business of real estate development, civil construction contracts, infrastructure projects development and windmill energy production.

Key Points

Projects Undertaken:
Company has projects mainly in Hyderabad, Vijayawada and Rajahmundry
a) Residential:[1] Manjeera Monarch, Purple Town, Manjeera Trinity Homes, Manjeera Smart Home Apartments, Manjeera Majestic Homes, Manjeera Heights 1&2, Manjeera Diamond Towers 1&2, Manjeera New York, Manjeera Blue, Manjeera French County, Manjeera Casa
b) Commercial:[2] Platina, Manjeera Trinity Corporate, Manjeera Majestic Commercial, Aditya Trade Centre
c) Retail:[3] Manjeera Mall
d) Hospitality:[4] Manjeera Sarovar, Manjeera Convention Centre, Aditya Hometel, Radisson Hotel, Aditya Park

  • Market Cap 53.8 Cr.
  • Current Price 43.0
  • High / Low 53.3 / 30.0
  • Stock P/E
  • Book Value 73.3
  • Dividend Yield 0.00 %
  • ROCE 4.01 %
  • ROE 0.44 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.59 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.73% over past five years.
  • Company has a low return on equity of -2.25% over last 3 years.
  • Contingent liabilities of Rs.330 Cr.
  • Company has high debtors of 440 days.

* 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: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
8.88 8.81 5.49 10.76 6.52 17.56 9.65 16.62 2.66 9.21 4.07 2.23 1.13
5.25 9.47 6.21 8.42 5.44 16.61 10.30 17.65 4.67 11.43 6.50 6.62 2.43
Operating Profit 3.63 -0.66 -0.72 2.34 1.08 0.95 -0.65 -1.03 -2.01 -2.22 -2.43 -4.39 -1.30
OPM % 40.88% -7.49% -13.11% 21.75% 16.56% 5.41% -6.74% -6.20% -75.56% -24.10% -59.71% -196.86% -115.04%
0.31 6.30 1.79 2.18 3.02 3.98 3.87 3.36 4.74 3.44 3.07 1.03 0.41
Interest 1.42 10.49 4.45 3.26 1.50 4.43 2.51 1.97 2.08 1.33 1.66 0.87 -0.15
Depreciation 0.08 0.08 0.11 0.08 0.10 0.13 0.08 0.08 0.08 0.08 0.07 0.07 0.08
Profit before tax 2.44 -4.93 -3.49 1.18 2.50 0.37 0.63 0.28 0.57 -0.19 -1.09 -4.30 -0.82
Tax % -64.34% 0.20% 44.99% 27.97% 24.00% 148.65% 52.38% 185.71% 15.79% 36.84% 33.94% 16.51% 25.61%
4.01 -4.93 -1.92 0.85 1.90 -0.17 0.29 -0.23 0.48 -0.12 -0.73 -3.58 -0.61
EPS in Rs 3.21 -3.94 -1.53 0.68 1.52 -0.14 0.23 -0.18 0.38 -0.10 -0.58 -2.86 -0.49
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
98.96 93.20 51.81 11.42 28.70 34.50 54.02 76.73 96.91 31.32 40.33 38.13 16.64
87.91 88.79 50.48 11.45 29.62 33.35 50.30 72.90 90.30 29.47 36.69 44.05 26.98
Operating Profit 11.05 4.41 1.33 -0.03 -0.92 1.15 3.72 3.83 6.61 1.85 3.64 -5.92 -10.34
OPM % 11.17% 4.73% 2.57% -0.26% -3.21% 3.33% 6.89% 4.99% 6.82% 5.91% 9.03% -15.53% -62.14%
0.71 8.48 11.12 9.99 12.02 12.98 15.62 12.26 8.19 7.03 10.98 15.41 7.95
Interest 1.46 3.51 6.53 5.63 4.40 8.39 9.78 12.39 13.13 17.80 13.64 7.89 3.71
Depreciation 0.87 0.73 0.60 0.37 0.29 0.41 0.44 0.47 0.46 0.32 0.41 0.31 0.30
Profit before tax 9.43 8.65 5.32 3.96 6.41 5.33 9.12 3.23 1.21 -9.24 0.57 1.29 -6.40
Tax % 18.66% 38.50% 27.63% 31.57% 12.95% 70.17% 17.54% 15.17% 89.26% 17.32% -15.79% 67.44%
7.67 5.32 3.85 2.70 5.57 1.59 7.51 2.74 0.13 -7.64 0.65 0.42 -5.04
EPS in Rs 6.13 4.25 3.08 2.16 4.45 1.27 6.00 2.19 0.10 -6.11 0.52 0.34 -4.03
Dividend Payout % 19.57% 28.22% 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: -9%
5 Years: -7%
3 Years: -27%
TTM: -64%
Compounded Profit Growth
10 Years: -23%
5 Years: -44%
3 Years: 48%
TTM: -1462%
Stock Price CAGR
10 Years: -6%
5 Years: -8%
3 Years: 13%
1 Year: 26%
Return on Equity
10 Years: 2%
5 Years: -1%
3 Years: -2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51 12.51
Reserves 54.95 58.52 62.37 64.97 70.54 82.64 90.19 90.32 90.54 83.01 83.67 84.10 79.79
34.56 60.37 31.33 34.29 49.85 69.46 94.28 171.27 177.24 193.55 146.04 119.02 123.52
40.46 49.15 51.01 40.87 40.78 52.28 59.74 76.58 50.99 47.32 313.47 352.66 345.85
Total Liabilities 142.48 180.55 157.22 152.64 173.68 216.89 256.72 350.68 331.28 336.39 555.69 568.29 561.67
5.38 4.29 3.84 3.32 3.10 16.59 16.88 17.03 16.73 10.80 5.54 5.31 5.20
CWIP 0.00 0.00 0.00 0.11 0.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 52.38 52.38 52.39 52.65 49.25 47.90 51.03 114.96 120.15 121.29 122.41 124.39 125.17
84.72 123.88 100.99 96.56 121.07 152.40 188.81 218.69 194.40 204.30 427.74 438.59 431.30
Total Assets 142.48 180.55 157.22 152.64 173.68 216.89 256.72 350.68 331.28 336.39 555.69 568.29 561.67

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
25.31 16.38 -8.24 -15.21 7.94 -15.74 -27.45 -14.68 16.34 -24.25 -201.87 27.26
-13.75 -35.14 35.51 17.17 -12.92 11.47 11.76 -54.34 1.20 14.29 14.26 8.89
-8.71 14.75 -25.94 -0.49 5.17 3.67 15.83 69.74 -19.17 10.57 189.93 -39.47
Net Cash Flow 2.85 -4.00 1.33 1.48 0.19 -0.60 0.14 0.71 -1.63 0.61 2.31 -3.32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 71.11 81.15 176.41 968.75 115.86 125.48 109.39 91.57 81.88 274.22 256.76 440.05
Inventory Days
Days Payable
Cash Conversion Cycle 71.11 81.15 176.41 968.75 115.86 125.48 109.39 91.57 81.88 274.22 256.76 440.05
Working Capital Days 130.75 241.05 329.42 1,518.17 689.05 826.91 692.64 561.51 208.13 901.43 2,360.51 2,745.78
ROCE % 10.70% 10.63% 9.98% 8.80% 8.81% 9.22% 10.45% 6.62% 5.17% 3.01% 5.35% 4.01%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.10% 74.10% 74.10% 74.10% 74.10% 74.09% 74.09% 74.09% 74.09% 74.09% 74.09% 74.09%
25.90% 25.90% 25.90% 25.90% 25.90% 25.90% 25.90% 25.89% 25.89% 25.89% 25.90% 25.90%
No. of Shareholders 683687674677677683688688679678684765

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