Majestic Research Services & Solutions Ltd

Majestic Research Services & Solutions Ltd

₹ 4.38 -4.99%
27 Feb 2023
About

Majestic Research Services and Solutions Limited is an India-based market research agency. The Company offers a range of qualitative and quantitative research services both nationally and internationally.

  • Market Cap 4.39 Cr.
  • Current Price 4.38
  • High / Low /
  • Stock P/E 4.35
  • Book Value 53.1
  • Dividend Yield 0.00 %
  • ROCE 2.21 %
  • ROE 1.94 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.08 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Company has high debtors of 1,002 days.
  • Working capital days have increased from 409 days to 901 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5.53 11.17 22.93 64.45 63.58 20.72
4.42 8.20 15.48 45.17 42.85 16.94
Operating Profit 1.11 2.97 7.45 19.28 20.73 3.78
OPM % 20.07% 26.59% 32.49% 29.91% 32.60% 18.24%
0.00 0.15 0.05 0.93 0.46 0.00
Interest 0.09 0.14 0.27 0.92 1.40 0.64
Depreciation 0.28 0.19 0.24 1.12 4.64 2.39
Profit before tax 0.74 2.79 6.99 18.17 15.15 0.75
Tax % 32.43% 32.62% 33.76% 25.10% 28.71% -34.67%
0.50 1.88 4.63 13.61 10.80 1.01
EPS in Rs 0.83 2.29 4.63 13.57 10.77 1.01
Dividend Payout % 0.00% 0.00% 0.00% 3.68% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: -3%
TTM: -67%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: -40%
TTM: -91%
Stock Price CAGR
10 Years: %
5 Years: -32%
3 Years: -13%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 20%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity Capital 3.00 4.12 5.00 10.03 10.03 10.03
Reserves 0.64 2.55 15.20 29.99 41.04 43.24
1.23 0.75 0.35 11.54 8.36 13.06
0.67 2.09 4.29 10.74 19.71 25.31
Total Liabilities 5.54 9.51 24.84 62.30 79.14 91.64
0.18 0.27 0.63 6.47 13.64 11.24
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
5.36 9.24 24.21 55.83 65.50 80.40
Total Assets 5.54 9.51 24.84 62.30 79.14 91.64

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0.75 0.72 4.04 11.20 -10.38
-0.32 -0.47 -0.40 -6.44 -11.52
1.13 0.35 8.19 8.18 -2.33
Net Cash Flow 0.05 0.60 11.83 12.95 -24.23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Debtor Days 308.90 202.92 164.43 144.30 290.66 1,001.64
Inventory Days
Days Payable
Cash Conversion Cycle 308.90 202.92 164.43 144.30 290.66 1,001.64
Working Capital Days 297.02 205.21 113.97 86.93 240.14 900.52
ROCE % 47.68% 51.84% 52.95% 29.82% 2.21%

Shareholding Pattern

Numbers in percentages

Oct 2017Mar 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
60.06% 60.18% 60.18% 60.18% 60.18% 58.69% 51.71% 51.71% 27.74% 51.71% 51.24% 51.24%
0.41% 0.51% 0.51% 0.51% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.08% 0.00% 0.00% 0.00% 0.00% 6.86% 6.86% 10.27% 6.86% 6.86% 6.86%
39.53% 39.23% 39.30% 39.30% 39.30% 41.31% 41.43% 41.43% 61.99% 41.44% 41.90% 41.90%
No. of Shareholders 6557869239549549539271,0381,0371,0381,2561,271

* 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.

Click on the line-items to see the names of individual entities.

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