M K Exim (India) Ltd

M K Exim India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

M K Exim (India) Ltd

₹ 78.6 5.00%
19 Apr - close price
mkexim.com BSE: 538890
About

Incorporated in 1992, M.K. Exim (India) Ltd manufactures and sells Finish Fabrics, Garments, Plastic Material, and Cosmetics[1]

Key Points

Business Overview:[1]
MKEL is a Government Recognized Export House and a registered member with Indian Export Council, The Synthetic & Rayon Textiles Export Promotion Council of India. It is in the business of fabric, ready made garments and jewellery, and is an approved supplier for Relief Programs.
Company also deals in FMCG Cosmetics and got distributorship of Moroccan Oil, John Paul Mitchell Systems and BCL Spa in India.

Divisions & Products:
a) Fabric Manufacturing:[2]
Company does weaving, processing & finishing of blended fabrics available as Faille, Georgettes, Bottom Wear, New Fabrics. The product mix consists of Polyester Viscose, Polyester Cotton and worsted suitings, Polyester Viscose & Polyester Cotton Blended Shirting, Finest blends of best quality Polyester Viscose and Polyester Cotton Blended Suitings, Premium Purewool Suitings, Luxurious Polyester Wool Blended Suitings
b) FMCG Cosmetics:[3]
Company is an exclusive Indian distributor for products like Moroccan oil, John Paul Mitchell Systems, BCL Spa, K18 Biometic Hair Science

Website BSE
  • Market Cap ₹ 317 Cr.
  • Current Price ₹ 78.6
  • High / Low ₹ 125 / 48.3
  • Stock P/E 20.2
  • Book Value ₹ 18.3
  • Dividend Yield 0.00 %
  • ROCE 36.6 %
  • ROE 28.2 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 116% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%

Cons

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

* 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: Trading Industry: Trading

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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
16.54 19.14 18.17 14.82 19.74 20.46 21.37 25.75 30.41 26.13 25.76 26.54 19.23
12.70 14.44 15.15 10.58 13.35 16.72 19.20 21.37 22.45 21.31 21.42 21.00 13.32
Operating Profit 3.84 4.70 3.02 4.24 6.39 3.74 2.17 4.38 7.96 4.82 4.34 5.54 5.91
OPM % 23.22% 24.56% 16.62% 28.61% 32.37% 18.28% 10.15% 17.01% 26.18% 18.45% 16.85% 20.87% 30.73%
0.22 0.30 0.40 0.11 0.36 0.20 0.42 1.33 1.36 0.27 0.85 0.23 0.16
Interest 0.03 0.07 0.08 0.06 0.09 0.11 0.02 0.08 0.03 0.08 0.09 0.08 0.06
Depreciation 0.06 0.07 0.06 0.06 0.09 0.08 0.08 0.08 0.08 0.08 0.11 0.14 0.16
Profit before tax 3.97 4.86 3.28 4.23 6.57 3.75 2.49 5.55 9.21 4.93 4.99 5.55 5.85
Tax % 0.00% 57.61% 25.00% 25.06% 24.96% 28.53% 24.90% 25.05% 24.97% 31.03% 25.05% 25.41% 25.13%
3.97 2.05 2.46 3.18 4.93 2.68 1.87 4.17 6.91 3.41 3.74 4.14 4.38
EPS in Rs 1.23 0.51 0.61 0.79 1.22 0.66 0.46 1.03 1.71 0.84 0.93 1.02 1.08
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
15 13 28 51 36 26 19 24 49 55 73 104 98
14 13 28 50 35 27 19 24 46 44 56 84 77
Operating Profit 1 -0 0 1 1 -1 1 -0 3 11 17 19 21
OPM % 5% -3% 0% 2% 3% -4% 3% -1% 6% 20% 24% 19% 21%
0 1 0 0 0 2 1 1 1 1 1 3 2
Interest 1 0 0 0 0 1 1 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 0 1 0 0 0 1 3 11 18 22 21
Tax % 0% 0% 21% 26% 34% 72% 33% 41% 40% 26% 26% 26%
0 0 0 1 0 0 0 0 2 8 13 16 16
EPS in Rs 0.01 0.02 0.03 0.16 0.07 0.03 0.08 0.11 0.57 2.00 3.28 4.05 3.87
Dividend Payout % 0% 0% 0% 70% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 23%
5 Years: 40%
3 Years: 29%
TTM: 0%
Compounded Profit Growth
10 Years: 70%
5 Years: 116%
3 Years: 88%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 97%
3 Years: 126%
1 Year: 44%
Return on Equity
10 Years: 14%
5 Years: 23%
3 Years: 29%
Last Year: 28%

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 7 7 7 7 7 7 7 7 7 9 27 27 27
Reserves 15 15 15 15 15 15 16 16 18 28 23 39 47
7 2 2 2 4 4 5 4 3 3 4 2 4
7 3 8 33 34 22 1 1 6 3 3 8 6
Total Liabilities 36 27 32 56 61 48 29 28 34 42 57 77 83
2 2 1 2 2 2 2 2 2 2 5 7 9
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 0 0 0 3 3 3 3 1 1 1 1 1
33 25 31 54 56 43 24 23 31 39 50 69 73
Total Assets 36 27 32 56 61 48 29 28 34 42 57 77 83

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
-1 -2 -0 1 3 1 0 -0 -1 4 4 6
0 1 0 -1 -4 -1 -0 -0 1 -0 -4 -2
-0 -0 0 0 0 -0 -0 0 -0 3 1 -2
Net Cash Flow -1 -1 -0 0 -0 -0 -0 -0 -0 7 1 2

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 454 317 321 361 526 514 229 193 143 70 69 87
Inventory Days 91 64 8 15 31 64 66 106 68 71 109 51
Days Payable 219 83 110 242 372 303 17 10 45 8 22 14
Cash Conversion Cycle 325 298 219 134 185 276 278 290 166 133 155 124
Working Capital Days 345 295 221 142 202 274 412 324 190 196 196 178
ROCE % 3% 2% 1% 4% 3% 4% 4% 4% 16% 33% 39% 37%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.06% 41.90% 41.90% 41.90% 41.90% 41.92% 41.92% 41.92% 41.93% 41.97% 42.05% 42.18%
0.00% 0.00% 0.00% 0.11% 0.13% 0.30% 0.26% 0.36% 0.26% 0.04% 0.00% 0.00%
72.94% 58.10% 58.10% 57.98% 57.97% 57.80% 57.82% 57.72% 57.80% 57.99% 57.95% 57.82%
No. of Shareholders 1,4072,3836,55510,96310,79410,0559,5089,32610,48310,95111,69618,886

* 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.

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Documents

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