Mewar Hi-Tech Engineering Ltd

Mewar Hi-Tech Engineering Ltd

₹ 102 -4.98%
10 Jun - close price
About

Incorporated in 2006, Mewar Hitech Engineering Ltd manufactures construction equipment[1]

Key Points

Business Overview:[1][2]
MHEL is an ISO 9001:2008 certified manufacturer of crushing screening and size reduction equipment. It has a manufacturing facility is in Sukher, Udaipur. Company sells its product under its brand, Kingson.

  • Market Cap 39.8 Cr.
  • Current Price 102
  • High / Low 171 / 75.0
  • Stock P/E 14.0
  • Book Value 29.8
  • Dividend Yield 0.00 %
  • ROCE 18.5 %
  • ROE 27.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.42 times its book value
  • 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
24.22 29.02 17.17 29.18 15.79 17.39 20.83 31.20 18.82 25.49 17.08 33.46
22.43 26.48 15.57 26.76 14.65 16.55 20.46 26.61 17.55 21.51 14.97 28.31
Operating Profit 1.79 2.54 1.60 2.42 1.14 0.84 0.37 4.59 1.27 3.98 2.11 5.15
OPM % 7.39% 8.75% 9.32% 8.29% 7.22% 4.83% 1.78% 14.71% 6.75% 15.61% 12.35% 15.39%
0.20 0.00 0.50 0.09 0.50 0.00 0.33 0.00 0.00 0.00 0.00 0.00
Interest 1.31 1.57 1.39 1.65 0.86 1.24 1.16 1.49 1.22 1.37 1.31 1.02
Depreciation 0.47 0.55 0.57 0.47 0.63 0.95 1.00 0.68 0.48 0.96 0.79 0.69
Profit before tax 0.21 0.42 0.14 0.39 0.15 -1.35 -1.46 2.42 -0.43 1.65 0.01 3.44
Tax % 47.62% 45.24% 71.43% 25.64% 66.67% 11.85% 0.00% 6.20% 37.21% 3.64% 0.00% 17.44%
0.11 0.23 0.05 0.29 0.05 -1.51 -1.46 2.27 -0.59 1.59 0.01 2.84
EPS in Rs 0.28 0.59 0.13 0.74 0.13 -3.87 -3.74 5.82 -1.51 4.07 0.03 7.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23.65 40.73 24.90 36.93 62.03 60.25 52.74 46.35 31.79 51.99 44.22 50.54
21.05 37.49 21.70 32.72 56.80 56.57 48.70 42.31 33.51 46.99 39.00 43.28
Operating Profit 2.60 3.24 3.20 4.21 5.23 3.68 4.04 4.04 -1.72 5.00 5.22 7.26
OPM % 10.99% 7.95% 12.85% 11.40% 8.43% 6.11% 7.66% 8.72% -5.41% 9.62% 11.80% 14.36%
0.30 0.11 0.42 0.46 0.39 0.13 0.50 0.59 1.07 0.29 0.03 0.00
Interest 1.51 1.70 2.23 2.57 2.23 2.08 2.89 3.05 2.42 2.65 2.59 2.33
Depreciation 0.86 1.35 1.31 1.18 1.15 1.27 1.02 1.04 1.58 1.68 1.43 1.47
Profit before tax 0.53 0.30 0.08 0.92 2.24 0.46 0.63 0.54 -4.65 0.96 1.23 3.46
Tax % 39.62% 36.67% 25.00% 47.83% 44.64% 84.78% 46.03% 37.04% 3.44% 0.00% 17.89% 17.34%
0.32 0.19 0.06 0.49 1.24 0.07 0.34 0.34 -4.81 0.96 1.00 2.85
EPS in Rs 5.09 3.02 0.21 1.26 3.18 0.18 0.87 0.87 -12.32 2.46 2.56 7.30
Dividend Payout % 0.00% 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: 2%
5 Years: -1%
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: 31%
5 Years: 53%
3 Years: 37%
TTM: 185%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 27%
1 Year: %
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 19%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.63 0.63 2.84 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
Reserves 5.50 5.60 3.90 5.66 6.90 6.97 7.39 7.73 2.91 3.87 4.87 7.73
13.85 14.08 19.06 17.89 18.97 20.21 23.09 22.24 23.65 25.49 22.18 19.89
11.16 14.22 14.69 24.06 21.69 16.84 16.40 20.79 21.92 16.36 15.03 14.21
Total Liabilities 31.14 34.53 40.49 51.51 51.46 47.92 50.78 54.66 52.38 49.62 45.98 45.73
7.28 8.17 7.43 7.38 7.86 7.70 7.03 9.00 10.72 9.67 8.08 7.29
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.11 0.11 0.11 0.16 0.17 0.17 0.11 0.11 0.11 0.11 0.11 0.11
23.75 26.25 32.95 43.97 43.43 40.05 43.64 45.55 41.55 39.84 37.79 38.33
Total Assets 31.14 34.53 40.49 51.51 51.46 47.92 50.78 54.66 52.38 49.62 45.98 45.73

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.57 3.31 -2.64 2.19 2.30 0.00 0.00 4.44 9.33 -1.38 5.86
-1.31 -2.23 -0.20 -1.11 -1.47 0.00 0.00 -1.52 -6.92 2.44 1.24
0.84 -1.12 3.03 -1.26 -0.55 0.00 0.00 -2.94 -2.13 -1.27 -7.10
Net Cash Flow 0.11 -0.04 0.18 -0.17 0.28 0.00 0.00 -0.03 0.27 -0.21 0.00

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25.77 41.58 87.37 85.79 73.08 62.94 74.81 109.78 124.92 94.43 88.65 93.89
Inventory Days 431.00 219.76 550.49 503.34 204.85 192.91 248.96 304.11 310.38 218.36 275.10 236.75
Days Payable 95.30 100.55 309.61 334.38 139.96 113.12 138.59 188.09 272.27 148.06 149.06 107.41
Cash Conversion Cycle 361.47 160.79 328.25 254.75 137.98 142.73 185.19 225.80 163.03 164.72 214.69 223.23
Working Capital Days 168.84 95.80 236.59 179.78 120.33 135.52 166.44 189.23 159.59 144.41 169.13 169.07
ROCE % 11.10% 9.88% 10.02% 13.11% 15.34% 8.45% 10.75% 10.52% -7.37% 11.49% 11.90% 18.54%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025
56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01%
43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99%
No. of Shareholders 615955525254545454545460

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