Mewar Hi-Tech Engineering Ltd

Mewar Hi-Tech Engineering Ltd

₹ 69.1 -4.99%
01 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 27.0 Cr.
  • Current Price 69.1
  • High / Low 119 / 47.3
  • Stock P/E 30.7
  • Book Value 32.0
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 7.29 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.39% over past five years.

* 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

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
29.02 17.17 29.18 15.79 17.39 20.83 31.20 18.82 25.49 18.82 33.46 15.78 31.49
26.48 15.57 26.76 14.65 16.55 20.46 26.61 17.55 21.51 17.55 28.31 13.83 28.72
Operating Profit 2.54 1.60 2.42 1.14 0.84 0.37 4.59 1.27 3.98 1.27 5.15 1.95 2.77
OPM % 8.75% 9.32% 8.29% 7.22% 4.83% 1.78% 14.71% 6.75% 15.61% 6.75% 15.39% 12.36% 8.80%
0.00 0.50 0.09 0.50 0.00 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 1.57 1.39 1.65 0.86 1.24 1.16 1.49 1.22 1.37 1.22 1.02 1.09 1.21
Depreciation 0.55 0.57 0.47 0.63 0.95 1.00 0.68 0.48 0.96 0.48 0.69 0.61 0.44
Profit before tax 0.42 0.14 0.39 0.15 -1.35 -1.46 2.42 -0.43 1.65 -0.43 3.44 0.25 1.12
Tax % 45.24% 71.43% 25.64% 66.67% 11.85% 0.00% 6.20% 37.21% 3.64% 0.00% 17.44% 0.00% 44.64%
0.23 0.05 0.29 0.05 -1.51 -1.46 2.27 -0.59 1.59 -0.43 2.84 0.25 0.62
EPS in Rs 0.59 0.13 0.74 0.13 -3.87 -3.74 5.82 -1.51 4.07 -1.10 7.28 0.64 1.59
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
40.73 24.90 36.93 62.03 60.25 52.74 46.35 31.79 51.99 44.22 50.54 47.27
37.49 21.70 32.72 56.80 56.57 48.70 42.31 33.51 46.99 39.00 43.28 42.54
Operating Profit 3.24 3.20 4.21 5.23 3.68 4.04 4.04 -1.72 5.00 5.22 7.26 4.73
OPM % 7.95% 12.85% 11.40% 8.43% 6.11% 7.66% 8.72% -5.41% 9.62% 11.80% 14.36% 10.01%
0.11 0.42 0.46 0.39 0.13 0.50 0.59 1.07 0.29 0.03 0.00 0.00
Interest 1.70 2.23 2.57 2.23 2.08 2.89 3.05 2.42 2.65 2.59 2.33 2.30
Depreciation 1.35 1.31 1.18 1.15 1.27 1.02 1.04 1.58 1.68 1.43 1.47 1.05
Profit before tax 0.30 0.08 0.92 2.24 0.46 0.63 0.54 -4.65 0.96 1.23 3.46 1.38
Tax % 36.67% 25.00% 47.83% 44.64% 84.78% 46.03% 37.04% 3.44% 0.00% 17.89% 17.34% 36.23%
0.19 0.06 0.49 1.24 0.07 0.34 0.34 -4.81 0.96 1.00 2.85 0.88
EPS in Rs 3.02 0.21 1.26 3.18 0.18 0.87 0.87 -12.32 2.46 2.56 7.30 2.25
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: 7%
5 Years: 0%
3 Years: -3%
TTM: -6%
Compounded Profit Growth
10 Years: 31%
5 Years: 21%
3 Years: -4%
TTM: -69%
Stock Price CAGR
10 Years: %
5 Years: 15%
3 Years: %
1 Year: -45%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 15%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.63 2.84 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90
Reserves 5.60 3.90 5.66 6.90 6.97 7.39 7.73 2.91 3.87 4.87 7.73 8.60
14.08 19.06 17.89 18.97 20.21 23.09 22.24 23.65 25.49 22.18 19.89 23.23
14.22 14.69 24.06 21.69 16.84 16.40 20.79 21.92 16.36 15.03 14.21 11.08
Total Liabilities 34.53 40.49 51.51 51.46 47.92 50.78 54.66 52.38 49.62 45.98 45.73 46.81
8.17 7.43 7.38 7.86 7.70 7.03 9.00 10.72 9.67 8.08 7.29 8.73
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 0.16 0.17 0.17 0.11 0.11 0.11 0.11 0.11 0.11 0.11
26.25 32.95 43.97 43.43 40.05 43.64 45.55 41.55 39.84 37.79 38.33 37.97
Total Assets 34.53 40.49 51.51 51.46 47.92 50.78 54.66 52.38 49.62 45.98 45.73 46.81

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3.31 -2.64 2.19 2.30 0.00 0.00 4.44 9.33 -1.38 5.86 3.19
-2.23 -0.20 -1.11 -1.47 0.00 0.00 -1.52 -6.92 2.44 1.24 -0.68
-1.12 3.03 -1.26 -0.55 0.00 0.00 -2.94 -2.13 -1.27 -7.10 -2.60
Net Cash Flow -0.04 0.18 -0.17 0.28 0.00 0.00 -0.03 0.27 -0.21 0.00 -0.10
Free Cash Flow 1.07 -3.21 1.06 0.67 0.00 0.00 1.43 6.03 -2.00 6.01 2.51
CFO/OP 107% -75% 62% 63% 0% 0% 115% -552% -28% 116% 52%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 41.58 87.37 85.79 73.08 62.94 74.81 109.78 124.92 94.43 88.65 93.89 95.67
Inventory Days 219.76 550.49 503.34 204.85 192.91 248.96 304.11 310.38 218.36 275.10 236.75 254.10
Days Payable 100.55 309.61 334.38 139.96 113.12 138.59 188.09 272.27 148.06 149.06 107.41 84.20
Cash Conversion Cycle 160.79 328.25 254.75 137.98 142.73 185.19 225.80 163.03 164.72 214.69 223.23 265.57
Working Capital Days 16.13 88.83 79.46 55.25 78.33 83.39 88.91 18.83 41.28 61.91 71.86 74.20
ROCE % 9.88% 10.02% 13.11% 15.34% 8.45% 10.75% 10.52% -7.37% 11.49% 11.90% 18.54% 10.94%

Insights

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Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue from Job Work
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Revenue from Sale of Manufactured Goods
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Revenue from Sale of Traded Goods
INR Lakhs
Export Sales (Foreign Exchange Earned)
INR
Net Capital Turnover Ratio
Ratio
Trade Receivables Turnover Ratio
Ratio

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Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.01% 56.05% 56.32%
43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.99% 43.96% 43.68%
No. of Shareholders 555252545454545454608497

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