Mercantile Ventures Ltd
Incorporated in 1985, Mercantile Ventures Ltd provides leasing of properties and Manpower supply services[1]
- Market Cap ₹ 263 Cr.
- Current Price ₹ 23.5
- High / Low ₹ 37.1 / 15.0
- Stock P/E 105
- Book Value ₹ 31.7
- Dividend Yield 0.00 %
- ROCE 2.54 %
- ROE 4.14 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.73 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
- The company has delivered a poor sales growth of 9.50% over past five years.
- Company has a low return on equity of 3.67% over last 3 years.
- Contingent liabilities of Rs.385 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.18 | 6.98 | 13.03 | 18.13 | 27.14 | 29.95 | 34.40 | 38.24 | 37.30 | 37.04 | 47.15 | 58.06 | |
6.62 | 7.08 | 11.38 | 15.40 | 24.49 | 27.14 | 31.38 | 34.34 | 32.89 | 34.84 | 43.77 | 54.90 | |
Operating Profit | -4.44 | -0.10 | 1.65 | 2.73 | 2.65 | 2.81 | 3.02 | 3.90 | 4.41 | 2.20 | 3.38 | 3.16 |
OPM % | -203.67% | -1.43% | 12.66% | 15.06% | 9.76% | 9.38% | 8.78% | 10.20% | 11.82% | 5.94% | 7.17% | 5.44% |
3.45 | 4.15 | 25.85 | 6.12 | -26.08 | 5.24 | 3.82 | 6.45 | 6.95 | 16.32 | 7.51 | -2.67 | |
Interest | -0.00 | 0.02 | 0.15 | 2.25 | 1.92 | 0.66 | 0.54 | 0.94 | 0.99 | 1.08 | 1.08 | 1.42 |
Depreciation | 0.06 | 0.10 | 0.34 | 0.43 | 1.14 | 1.17 | 1.07 | 1.01 | 1.01 | 0.99 | 0.98 | 1.02 |
Profit before tax | -1.05 | 3.93 | 27.01 | 6.17 | -26.49 | 6.22 | 5.23 | 8.40 | 9.36 | 16.45 | 8.83 | -1.95 |
Tax % | -155.24% | 30.28% | 19.81% | 29.98% | -5.44% | 81.67% | 29.06% | -35.36% | 31.73% | 30.21% | 23.56% | |
-2.69 | 2.75 | 21.67 | 4.32 | -27.93 | 1.14 | 6.66 | 21.09 | 9.38 | 13.60 | 14.90 | -4.90 | |
EPS in Rs | -0.24 | 0.25 | 1.93 | 0.38 | -2.50 | 0.10 | 0.60 | 2.30 | 1.01 | 1.03 | 1.42 | -0.57 |
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: | 36% |
5 Years: | 10% |
3 Years: | 7% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 60% |
3 Years: | -13% |
TTM: | -76% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 15% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 112.47 | 111.95 | 111.95 | 111.95 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 | 111.92 |
Reserves | 125.88 | 128.60 | 150.77 | 157.35 | 137.20 | 141.85 | 159.66 | 159.44 | 191.15 | 226.28 | 218.33 | 242.57 |
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 | 5.92 | 4.12 | 0.73 | 0.16 | -0.00 | -0.00 | 4.00 | -0.00 | |
8.23 | 34.48 | 17.92 | 22.01 | 16.13 | 13.01 | 11.76 | 9.52 | 9.07 | 17.90 | 12.21 | 30.91 | |
Total Liabilities | 248.83 | 277.28 | 293.89 | 300.70 | 271.17 | 270.90 | 284.07 | 281.04 | 312.14 | 356.10 | 346.46 | 385.40 |
17.19 | 5.08 | 42.76 | 43.73 | 85.71 | 84.66 | 84.29 | 76.44 | 76.89 | 76.81 | 76.61 | 91.31 | |
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 | 34.92 | 42.63 | 46.26 | 64.16 | 65.89 | 81.37 | 69.96 | 89.93 | 147.55 | 177.20 | 208.85 |
227.31 | 223.77 | 208.50 | 210.71 | 121.30 | 76.33 | 74.39 | 90.62 | 101.30 | 131.74 | 92.65 | 85.24 | |
Total Assets | 248.83 | 277.28 | 293.89 | 300.70 | 271.17 | 270.90 | 284.07 | 281.04 | 312.14 | 356.10 | 346.46 | 385.40 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-13.75 | 0.22 | 8.88 | -19.46 | -27.09 | 4.15 | 10.23 | -9.31 | 22.72 | -6.14 | 21.39 | |
0.21 | -9.97 | -17.91 | 17.45 | 33.63 | -4.11 | -4.42 | 17.01 | -12.62 | -10.02 | -25.98 | |
-3.37 | -0.50 | 11.75 | -2.46 | -4.99 | -0.07 | -3.65 | -0.00 | -0.00 | -0.00 | 4.00 | |
Net Cash Flow | -16.91 | -10.25 | 2.72 | -4.46 | 1.54 | -0.02 | 2.16 | 7.70 | 10.09 | -16.16 | -0.58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | -0.00 | 61.00 | 70.47 | 69.71 | 73.42 | 82.66 | 74.37 | 80.51 | 74.08 |
Inventory Days | 2.07 | ||||||||||
Days Payable | 26.37 | ||||||||||
Cash Conversion Cycle | -0.00 | -0.00 | -0.00 | 61.00 | 46.17 | 69.71 | 73.42 | 82.66 | 74.37 | 80.51 | 74.08 |
Working Capital Days | -867.29 | 396.38 | 1,218.25 | 658.33 | 1,202.72 | 639.57 | 522.46 | 500.06 | 499.94 | 949.45 | 496.06 |
ROCE % | 3.69% | 2.67% | 3.33% | 2.33% | 3.06% | 2.35% | 3.47% | 3.69% | 5.53% | 2.54% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2024.
-
Compliance Certificate For The Period Ended 31St March 2024
8 Apr - Compliance Certificate pursuant to Regulation 7(3) of the SEBI ((LODR) Regulations, 2015 for the year ended 31st March 2024.
- Closure of Trading Window 28 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Mar
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