Manas Properties Ltd

Manas Properties Ltd

₹ 390 0.39%
02 Feb 2024
About

Incorporated in 2004, Manas Properties is in the business of construction, re-development, and leasing of properties[1]

Key Points

Business Overview:[1]
MPL is a part of the Dev Land and Housing Private Limited (DHL) Group. It is in the business of acquiring properties and leasing it out to clients. Company owns a property measuring 3,078 square metres of built up area at Santacruz (West), Mumbai. This property is leased out to Junobo Hotels Private Limited, for operating Soho House, a private luxury club the lease rentals. Apart from this, company also acts as a real estate marketing and consultancy company and the business is undertaken by DHL.

  • Market Cap 162 Cr.
  • Current Price 390
  • High / Low 390 / 388
  • Stock P/E 6.27
  • Book Value 168
  • Dividend Yield 0.00 %
  • ROCE 65.6 %
  • ROE 53.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21.3%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.35.7 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: Realty Industry: Construction

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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
0 0 0 0 0 0 0 0 0
2 2 0 1 0 7 2 2 2
Operating Profit -2 -2 -0 -1 -0 -7 -2 -2 -2
OPM %
12 9 0 0 0 8 15 20 16
Interest 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 10 7 -0 -1 -0 1 13 18 13
Tax % 22% 13% 0% -21% 0% -1% 23% 16% 19%
8 6 -0 -1 -0 1 10 15 11
EPS in Rs 18.70 14.90 -0.87 -1.80 -0.84 2.16 23.87 36.27 25.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 0 0 2 2 0 0 0 0 0 0 0
1 0 0 0 0 1 1 4 4 1 7 4 4
Operating Profit -1 -0 -0 -0 1 1 -1 -4 -4 -1 -7 -4 -4
OPM % 77% 48% -786%
1 11 8 7 6 0 1 17 21 0 8 35 36
Interest 2 11 11 9 2 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -1 -0 -3 -2 5 1 0 13 17 -1 1 31 31
Tax % 0% 0% 0% 0% 2% 41% 17% 18% -13% -6% 19%
-1 -0 -3 -2 5 1 0 11 14 -1 1 25 26
EPS in Rs -2.12 -0.60 -6.98 -4.01 13.32 1.47 0.00 26.23 33.61 -2.67 1.35 60.07 62.21
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 59%
5 Years: %
3 Years: 21%
TTM: 139%
Stock Price CAGR
10 Years: %
5 Years: 1%
3 Years: -4%
1 Year: %
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 21%
Last Year: 54%

Balance Sheet

Figures in Rs. Crores

Mar 2012 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 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves -1 -1 -4 -6 -0 6 6 17 31 29 30 55 66
74 76 68 56 45 1 1 1 1 1 1 1 0
25 27 27 27 29 28 28 28 27 27 27 27 30
Total Liabilities 102 107 95 81 78 38 39 50 62 61 62 87 100
0 0 0 0 0 33 33 33 33 33 33 33 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 33 33 33 33 33 0 0 0 0 0 0 0 33
70 74 63 49 46 6 6 17 29 28 29 54 67
Total Assets 102 107 95 81 78 38 39 50 62 61 62 87 100

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-45 32 -3 1 -10 -1 -1 10 12 -0 1 26
3 11 8 7 3 43 -2 -7 -15 -0 7 -8
42 -43 -5 -8 7 -39 0 0 -0 0 -0 0
Net Cash Flow 0 0 0 0 0 3 -3 3 -3 -0 8 18

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 2 2,659
Inventory Days
Days Payable
Cash Conversion Cycle 2 2 2,659
Working Capital Days 8,228 -959 -23,881
ROCE % 2% 14% 11% 12% 14% 4% 0% 82% 60% -3% 2% 66%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023
73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32% 73.32%
26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68% 26.68%
No. of Shareholders 272528263224242323232323

Documents