Misquita Engineering Ltd

Misquita Engineering Ltd

₹ 76.0 5.70%
03 Apr - close price
About

Incorporated in 1998, Misquita Engineering Ltd supplies major component and job workers to manufacturing industries of front loading washing machines[1]

Key Points

Product Profile:[1]
Company manufactures front-loading washers, viz.
a) Ultra-Cast Iron Bearing Sleeve
b) Old Model Bearing Sleeves
c) Adjuster Bush
d) Adjuster Boss
e) Spacer of Aluminium Alloy
f) Washer
g) Drive Screws
h) Booms
i) ODE, DE Terminal Box, Bearing Cover and Adaptor

  • Market Cap 20.5 Cr.
  • Current Price 76.0
  • High / Low 76.2 / 33.0
  • Stock P/E
  • Book Value 21.2
  • Dividend Yield 0.00 %
  • ROCE 9.05 %
  • ROE 6.94 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Promoter holding has increased by 1.18% over last quarter.

Cons

  • Stock is trading at 3.59 times its book value
  • 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 9.10% over past five years.
  • Company has a low return on equity of 5.65% over last 3 years.
  • Promoter holding has decreased over last 3 years: -13.9%

* 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: Engineering Industry: Engineering

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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
3.68 2.83 2.46 4.23 4.60 3.92 6.27 3.53 5.32
3.50 2.36 2.53 3.84 4.13 3.72 5.90 3.26 5.84
Operating Profit 0.18 0.47 -0.07 0.39 0.47 0.20 0.37 0.27 -0.52
OPM % 4.89% 16.61% -2.85% 9.22% 10.22% 5.10% 5.90% 7.65% -9.77%
0.01 0.37 0.13 0.14 0.09 0.06 0.08 0.10 0.05
Interest 0.09 0.11 0.08 0.08 0.06 0.07 0.06 0.07 0.09
Depreciation 0.09 0.09 0.07 0.07 0.05 0.07 0.04 0.05 0.04
Profit before tax 0.01 0.64 -0.09 0.38 0.45 0.12 0.35 0.25 -0.60
Tax % 0.00% 28.12% 0.00% 21.05% 24.44% 33.33% 25.71% 24.00% -3.33%
0.01 0.47 -0.09 0.31 0.33 0.09 0.25 0.20 -0.62
EPS in Rs 0.04 1.74 -0.33 1.15 1.22 0.33 0.93 0.74 -2.30
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
2.31 3.07 3.39 4.26 4.67 5.40 6.34 7.20 6.51 6.69 8.51 9.80 8.85
2.40 3.01 3.29 4.01 4.61 5.30 6.12 6.52 5.85 6.36 7.84 9.16 9.10
Operating Profit -0.09 0.06 0.10 0.25 0.06 0.10 0.22 0.68 0.66 0.33 0.67 0.64 -0.25
OPM % -3.90% 1.95% 2.95% 5.87% 1.28% 1.85% 3.47% 9.44% 10.14% 4.93% 7.87% 6.53% -2.82%
0.32 0.42 0.32 0.30 0.33 0.37 0.43 0.40 0.38 0.27 0.15 0.18 0.15
Interest 0.10 0.12 0.07 0.12 0.14 0.18 0.22 0.35 0.20 0.16 0.13 0.13 0.16
Depreciation 0.10 0.09 0.08 0.07 0.09 0.07 0.16 0.25 0.18 0.14 0.12 0.09 0.09
Profit before tax 0.03 0.27 0.27 0.36 0.16 0.22 0.27 0.48 0.66 0.30 0.57 0.60 -0.35
Tax % 33.33% 33.33% 33.33% 33.33% 37.50% 27.27% 7.41% 18.75% 27.27% 26.67% 26.32% 23.33%
0.02 0.18 0.18 0.24 0.09 0.16 0.25 0.39 0.48 0.23 0.42 0.45 -0.42
EPS in Rs 40.00 360.00 360.00 480.00 180.00 0.71 1.11 1.73 1.78 0.85 1.56 1.67 -1.56
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: 12%
5 Years: 9%
3 Years: 15%
TTM: -13%
Compounded Profit Growth
10 Years: 9%
5 Years: 11%
3 Years: -4%
TTM: -224%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 41%
1 Year: 95%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 6%
Last Year: 7%

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 0.05 0.05 0.05 0.05 0.05 2.25 2.25 2.25 2.69 2.69 2.69 2.69 2.69
Reserves 0.59 0.78 0.96 1.20 1.29 0.93 1.18 1.61 2.53 2.75 3.10 3.62 3.01
0.97 0.77 0.76 1.41 1.54 1.01 2.41 2.97 1.45 0.94 1.29 1.64 0.88
0.24 0.57 0.70 0.93 1.01 1.10 1.56 1.17 0.81 1.65 2.23 1.27 4.22
Total Liabilities 1.85 2.17 2.47 3.59 3.89 5.29 7.40 8.00 7.48 8.03 9.31 9.22 10.80
0.59 0.52 0.44 0.39 0.30 0.31 1.03 0.78 0.59 1.75 1.69 1.69 0.44
CWIP 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.58 0.93 1.31 1.43 1.91 1.97
Investments 0.00 0.84 1.02 1.34 1.45 2.95 3.89 2.00 3.48 1.13 0.88 0.42 1.70
1.26 0.81 1.01 1.86 2.10 2.03 2.48 4.64 2.48 3.84 5.31 5.20 6.69
Total Assets 1.85 2.17 2.47 3.59 3.89 5.29 7.40 8.00 7.48 8.03 9.31 9.22 10.80

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
0.00 0.00 0.00 0.00 -2.11 0.15 0.58 0.44 -0.68 -0.03 1.15
0.00 0.00 0.00 0.00 0.08 -0.83 -0.55 -0.29 0.91 0.24 -0.30
0.00 0.00 0.00 0.00 2.03 0.70 -0.01 -0.16 -0.22 -0.23 -0.85
Net Cash Flow 0.00 0.00 0.00 0.00 0.00 0.01 0.01 -0.01 0.01 -0.02 0.00

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 36.34 61.82 72.14 125.95 107.08 93.95 33.97 53.74 32.52 81.84 96.08 67.79
Inventory Days 35.51 34.76 39.50 36.00 43.56 15.87 38.80 69.26 135.74 136.96 157.05 145.55
Days Payable 39.46 71.10 94.81 94.35 107.15 84.64 94.12 67.87 40.56 96.56 113.28 48.22
Cash Conversion Cycle 32.40 25.48 16.84 67.60 43.50 25.19 -21.36 55.12 127.70 122.24 139.85 165.12
Working Capital Days 36.34 22.59 31.22 79.68 85.97 62.19 51.24 165.26 85.78 116.21 132.10 146.74
ROCE % 8.81% 24.30% 20.18% 21.67% 10.83% 11.32% 9.77% 13.10% 12.74% 6.13% 9.21% 9.05%

Shareholding Pattern

Numbers in percentages

Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
100.00% 73.42% 73.42% 73.42% 73.42% 74.02% 74.24% 74.39% 74.54% 74.54% 59.48%
0.00% 26.58% 26.58% 26.58% 26.58% 25.98% 25.76% 25.61% 25.45% 25.47% 40.53%
No. of Shareholders 71009396111129120166177183171

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