M K Exim (India) Ltd

About

M.K. Exim (India) Limited is an India-based holding company. The Company has manufacturing facilities for fabric, readymade garments and jewelry. They also distribute Moroccanoil, John Paul Mitchell, BCL SPA brands in India

  • Market Cap 80.0 Cr.
  • Current Price 89.2
  • High / Low 104 / 15.6
  • Stock P/E 7.96
  • Book Value 40.7
  • Dividend Yield 0.00 %
  • ROCE 32.9 %
  • ROE 26.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 102.04% CAGR over last 5 years
  • Debtor days have improved from 135.50 to 69.84 days.
  • Promoter holding has increased by 14.84% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
7.76 3.05 7.73 6.86 7.15 16.43 18.30 6.43 12.57 16.54 19.14 18.17
7.76 3.54 7.56 6.79 7.12 15.57 16.56 5.81 11.01 12.70 14.44 15.15
Operating Profit 0.00 -0.49 0.17 0.07 0.03 0.86 1.74 0.62 1.56 3.84 4.70 3.02
OPM % 0.00% -16.07% 2.20% 1.02% 0.42% 5.23% 9.51% 9.64% 12.41% 23.22% 24.56% 16.62%
Other Income 0.27 0.72 0.29 0.22 -0.80 0.36 1.13 -0.03 0.15 0.22 0.30 0.40
Interest 0.08 0.08 0.09 0.09 0.06 0.05 0.07 0.06 0.08 0.03 0.07 0.08
Depreciation 0.06 0.06 0.08 0.06 0.06 0.06 0.08 0.06 0.06 0.06 0.07 0.06
Profit before tax 0.13 0.09 0.29 0.14 -0.89 1.11 2.72 0.47 1.57 3.97 4.86 3.28
Tax % 0.00% 0.00% 86.21% 0.00% 0.00% 0.00% 45.22% 0.00% 0.00% 0.00% 57.61% 25.00%
Net Profit 0.14 0.09 0.05 0.14 -0.89 1.11 1.49 0.48 1.57 3.97 2.05 2.46
EPS in Rs 0.19 0.13 0.07 0.19 -1.24 1.55 2.08 0.67 2.19 5.53 2.29 2.74

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
3 17 15 13 28 51 36 26 19 24 49 55 66
3 16 14 13 28 50 35 27 19 24 46 44 53
Operating Profit -0 1 1 -0 0 1 1 -1 1 -0 3 11 13
OPM % -13% 4% 5% -3% 0% 2% 3% -4% 3% -1% 6% 20% 20%
Other Income 1 0 0 1 0 0 0 2 1 1 1 1 1
Interest 0 0 1 0 0 0 0 1 1 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 0 0 0 0 1 0 0 0 1 3 11 14
Tax % 500% 8% 0% 0% 21% 26% 34% 72% 33% 41% 40% 26%
Net Profit 1 0 0 0 0 1 0 0 0 0 2 8 10
EPS in Rs 0.31 0.04 0.11 0.15 0.71 0.33 0.15 0.35 0.50 2.58 9.01 12.75
Dividend Payout % 0% 0% 0% 0% 0% 70% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 42%
TTM: 37%
Compounded Profit Growth
10 Years: 43%
5 Years: 102%
3 Years: 185%
TTM: 210%
Stock Price CAGR
10 Years: %
5 Years: 59%
3 Years: 94%
1 Year: 355%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 14%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4 7 7 7 7 7 7 7 7 7 7 9
Reserves 9 15 15 15 15 15 15 15 16 16 18 28
Borrowings 4 3 7 2 2 2 4 4 5 4 3 3
2 12 7 3 8 33 34 22 1 1 6 3
Total Liabilities 20 37 36 27 32 56 61 48 29 28 34 42
3 2 2 2 1 2 2 2 2 2 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 1 1 0 0 0 3 3 3 3 1 1
17 34 33 25 31 54 56 43 24 23 31 39
Total Assets 20 37 36 27 32 56 61 48 29 28 34 42

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-3 -4 -1 -2 -0 1 3 1 0 -0 -1 4
3 -1 0 1 0 -1 -4 -1 -0 -0 1 -0
0 7 -0 -0 0 0 0 -0 -0 0 -0 3
Net Cash Flow 0 2 -1 -1 -0 0 -0 -0 -0 -0 -0 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 806 361 454 317 321 361 526 514 229 193 143 70
Inventory Days 330 90 91 64 8 15 31 64 66 106 68 71
Days Payable 228 291 219 83 110 242 372 303 17 10 45 8
Cash Conversion Cycle 907 160 325 298 219 134 185 276 278 290 166 133
Working Capital Days 2,147 179 345 295 221 143 204 278 415 328 192 198
ROCE % 1% 3% 3% 2% 1% 4% 3% 4% 4% 4% 16% 33%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
24.71 33.81 33.81 33.81 33.81 33.81 33.81 33.81 33.81 27.06 27.06 41.90
75.29 66.19 66.19 66.19 66.19 66.19 66.19 66.19 66.19 72.94 72.94 58.10

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