Mercantile Ventures Ltd

Mercantile Vent. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mercantile Ventures Ltd

₹ 23.5 -1.43%
24 Apr 10:52 a.m.
mercantileventures.co.in BSE: 538942
About

Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services[1]

Key Points

Business Overview:[1][2]
MVL, formerly an NBFC, is engaged in leasing of properties, facility management and providing manpower services. It acquires immovable properties for letting them out on lease or for resale

Website BSE
  • Market Cap ₹ 263 Cr.
  • Current Price ₹ 23.5
  • High / Low ₹ 37.1 / 15.0
  • Stock P/E 80.7
  • Book Value ₹ 30.2
  • Dividend Yield 0.00 %
  • ROCE 2.29 %
  • ROE 1.59 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.79 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.08% over last 3 years.
  • Contingent liabilities of Rs.385 Cr.
  • Earnings include an other income of Rs.5.36 Cr.

* 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: Miscellaneous Industry: Miscellaneous

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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
3.76 3.71 3.67 3.65 3.51 3.78 4.26 4.79 5.65 6.07 6.52 7.49 7.93
3.07 3.33 3.06 2.99 2.86 3.27 3.57 3.93 4.90 5.99 5.76 6.48 7.14
Operating Profit 0.69 0.38 0.61 0.66 0.65 0.51 0.69 0.86 0.75 0.08 0.76 1.01 0.79
OPM % 18.35% 10.24% 16.62% 18.08% 18.52% 13.49% 16.20% 17.95% 13.27% 1.32% 11.66% 13.48% 9.96%
1.43 3.56 1.33 2.03 2.27 4.73 1.69 1.10 2.54 2.38 1.06 0.72 1.20
Interest 0.03 0.04 0.05 0.05 0.05 0.06 0.07 0.06 0.07 0.15 0.11 0.06 0.02
Depreciation 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.25 0.25 0.25 0.25
Profit before tax 1.85 3.66 1.65 2.40 2.63 4.94 2.07 1.66 2.98 2.06 1.46 1.42 1.72
Tax % 22.70% 25.96% 32.73% 24.58% 25.48% 11.13% 25.12% 24.70% 25.50% 11.17% 180.82% 21.13% 15.12%
1.42 2.71 1.12 1.80 1.96 4.39 1.55 1.24 2.23 1.84 -1.18 1.12 1.48
EPS in Rs 0.13 0.24 0.10 0.16 0.18 0.39 0.14 0.11 0.20 0.16 -0.11 0.10 0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.90 3.61 4.25 4.69 5.15 5.41 16.06 15.48 14.61 20.77 28.01
4.61 1.20 2.63 2.76 3.05 2.96 3.55 12.63 12.34 12.11 18.32 25.37
Operating Profit -4.61 -0.30 0.98 1.49 1.64 2.19 1.86 3.43 3.14 2.50 2.45 2.64
OPM % -33.33% 27.15% 35.06% 34.97% 42.52% 34.38% 21.36% 20.28% 17.11% 11.80% 9.43%
3.45 4.14 25.89 6.82 -26.13 5.20 3.77 4.59 7.47 7.48 5.95 5.36
Interest 0.00 0.02 0.15 2.26 1.92 0.65 0.54 0.20 0.19 0.21 0.38 0.34
Depreciation 0.05 0.09 0.33 0.40 1.12 1.12 1.03 0.96 0.97 0.95 0.96 1.00
Profit before tax -1.21 3.73 26.39 5.65 -27.53 5.62 4.06 6.86 9.45 8.82 7.06 6.66
Tax % -132.23% 30.29% 19.63% 28.32% -4.00% 86.30% 30.05% -24.34% 25.93% 26.53% 27.34%
-2.82 2.59 21.21 4.04 -28.63 0.77 2.83 8.54 7.00 6.48 5.13 3.26
EPS in Rs -0.25 0.23 1.90 0.36 -2.56 0.07 0.25 0.76 0.63 0.58 0.46 0.28
Dividend Payout % 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: %
5 Years: 32%
3 Years: 9%
TTM: 52%
Compounded Profit Growth
10 Years: 12%
5 Years: 40%
3 Years: -17%
TTM: -65%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 17%
1 Year: 37%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 111.95 111.95 111.95 111.95 111.92 111.92 111.92 111.92 111.92 111.92 111.92 111.92
Reserves 125.89 128.48 149.69 153.73 131.82 134.48 148.78 147.47 175.12 199.10 189.85 226.56
Preference Capital 0.00 0.00 0.75 0.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.25 2.25 13.25 9.39 4.72 4.12 0.05 0.00 0.00 0.00 4.00 0.00
7.79 33.25 15.96 19.31 14.00 9.07 8.39 10.36 12.68 15.99 11.92 20.57
Total Liabilities 247.88 275.93 290.85 294.38 262.46 259.59 269.14 269.75 299.72 327.01 317.69 359.05
17.16 5.01 42.69 43.56 85.16 83.99 80.92 63.41 62.52 61.74 60.82 69.37
CWIP 0.00 13.51 0.00 0.00 0.00 44.02 44.02 44.02 44.02 0.00 0.00 0.00
Investments 4.33 35.68 42.67 44.54 62.45 63.01 78.60 73.15 92.51 149.25 180.17 216.44
226.39 221.73 205.49 206.28 114.85 68.57 65.60 89.17 100.67 116.02 76.70 73.24
Total Assets 247.88 275.93 290.85 294.38 262.46 259.59 269.14 269.75 299.72 327.01 317.69 359.05

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-13.75 -0.21 8.52 -19.37 -27.57 4.04 11.24 4.70 24.54 17.83 -12.18
-0.10 -10.61 -17.64 17.81 34.23 -4.10 -5.09 1.39 -14.36 -35.01 6.96
-3.37 0.00 11.75 -3.01 -6.01 -0.27 -3.65 0.00 0.00 0.00 4.00
Net Cash Flow -17.22 -10.82 2.63 -4.57 0.66 -0.32 2.50 6.09 10.18 -17.19 -1.23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 48.09 119.07 97.81 81.64 74.77 84.18 92.44 79.08
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 48.09 119.07 97.81 81.64 74.77 84.18 92.44 79.08
Working Capital Days 2,976.78 4,348.66 2,731.06 6,876.63 3,617.40 3,142.64 1,338.64 1,350.59 2,167.27 927.53
ROCE % 3.62% 2.43% 2.90% 1.98% 2.91% 1.98% 2.70% 3.51% 3.00% 2.29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.71% 64.71% 64.71% 69.43% 69.43% 69.43% 69.43% 72.75% 72.75% 72.76% 72.76% 72.76%
35.29% 35.29% 35.29% 30.57% 30.57% 30.57% 30.57% 27.25% 27.25% 27.24% 27.24% 27.25%
No. of Shareholders 51,01250,93151,32451,33451,28451,16351,16751,06250,95351,23451,04451,128

Documents

Announcements

Annual reports