Mahamaya Steel Industries Ltd

Mahamaya Steel Industries Ltd

₹ 105 -0.71%
22 Apr 11:16 a.m.
About

Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.[1]

Key Points

Business Overview:[1][2]
MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles

  • Market Cap 173 Cr.
  • Current Price 105
  • High / Low 144 / 55.0
  • Stock P/E 30.7
  • Book Value 83.7
  • Dividend Yield 0.00 %
  • ROCE 5.54 %
  • ROE 3.73 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 69.5 days to 37.3 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.99% over last 3 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
65.75 101.70 91.18 124.99 137.33 141.82 144.79 164.16 152.44 188.38 220.20 185.77 180.24
61.84 95.76 87.51 121.50 132.98 137.91 141.13 161.18 148.50 185.16 215.77 181.63 175.81
Operating Profit 3.91 5.94 3.67 3.49 4.35 3.91 3.66 2.98 3.94 3.22 4.43 4.14 4.43
OPM % 5.95% 5.84% 4.03% 2.79% 3.17% 2.76% 2.53% 1.82% 2.58% 1.71% 2.01% 2.23% 2.46%
0.54 0.30 0.04 0.03 1.01 1.14 0.02 1.01 0.69 1.26 0.81 0.56 1.54
Interest 1.36 1.88 1.53 0.98 1.35 1.17 0.56 0.50 0.80 1.34 1.42 0.95 1.51
Depreciation 1.44 1.41 1.41 1.48 1.52 1.52 1.53 1.62 1.67 1.47 1.73 1.76 1.77
Profit before tax 1.65 2.95 0.77 1.06 2.49 2.36 1.59 1.87 2.16 1.67 2.09 1.99 2.69
Tax % 4.85% 28.81% 37.66% 34.91% 20.08% 26.27% 28.30% 26.20% 20.83% 27.54% 20.57% 22.11% 22.30%
1.58 2.10 0.47 0.70 1.98 1.75 1.14 1.38 1.71 1.22 1.66 1.55 2.08
EPS in Rs 1.07 1.42 0.32 0.47 1.34 1.06 0.69 0.84 1.04 0.74 1.01 0.94 1.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
317 254 297 465 358 251 495 650 775
316 238 276 443 343 238 480 636 758
Operating Profit 1 16 21 22 15 13 15 14 16
OPM % 0% 6% 7% 5% 4% 5% 3% 2% 2%
3 2 2 2 1 1 2 3 4
Interest 9 11 12 11 9 6 5 3 5
Depreciation 7 6 7 6 6 6 6 6 7
Profit before tax -12 1 4 7 0 2 7 7 8
Tax % -27% -63% 44% 16% -505% 45% 27% 25%
-15 1 2 6 2 1 5 5 7
EPS in Rs -11.24 0.91 1.74 4.32 1.78 0.60 2.98 3.31 3.96
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 22%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 27%
TTM: 3%
Stock Price CAGR
10 Years: 7%
5 Years: -8%
3 Years: 10%
1 Year: 84%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 15 16 16 16
Reserves 68 74 76 82 85 97 112 118 121
Preference Capital 32 -0 30 30 27 25 11 10
71 94 71 71 52 56 34 33 60
62 29 70 70 61 56 42 57 47
Total Liabilities 214 211 231 238 211 224 205 225 245
69 74 69 66 63 61 60 65 65
CWIP 2 -0 -0 -0 -0 -0 -0 -0 -0
Investments 33 32 32 32 31 31 31 30 31
110 105 131 140 117 133 115 130 149
Total Assets 214 211 231 238 211 224 205 225 245

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
25 13 3 18 35 -4 44 2
-16 2 1 -7 -3 1 -5 -11
-10 -16 -4 -11 -31 5 -26 -5
Net Cash Flow -1 -0 1 -1 1 2 13 -15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 39 29 14 17 29 16 10
Inventory Days 56 81 94 83 86 130 42 55
Days Payable 10 3 34 19 24 28 5 12
Cash Conversion Cycle 94 116 89 78 79 131 52 52
Working Capital Days 74 92 101 68 69 130 41 37
ROCE % 5% 8% 9% 5% 4% 6% 6%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.41% 70.41% 70.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00%
29.58% 29.58% 29.58% 26.59% 26.59% 26.58% 26.59% 26.59% 26.59% 26.58% 26.54% 26.59%
No. of Shareholders 6,2688,5618,6808,9669,0889,1479,2169,2168,8788,8809,34410,636

* 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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