Mahickra Chemicals Ltd

Mahickra Chemicals Ltd

₹ 117 -2.46%
22 Apr - close price
About

Incorporated in 1997, Mahickra Chemicals Ltd manufacturers, trades & exports Dyes and Chemicals[1]

Key Points

Product Profile:[1]
a) Reactive Dyes
b) Direct Dyes
c) Acid Dyes
d) Synthetic Food Colors
e) Specialty Chemicals
f) Pigment Powder & Emulsion

  • Market Cap 95.1 Cr.
  • Current Price 117
  • High / Low 159 / 78.2
  • Stock P/E 43.4
  • Book Value 40.6
  • Dividend Yield 0.56 %
  • ROCE 13.7 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 0.79% over last quarter.

Cons

  • Stock is trading at 2.88 times its book value
  • Company has a low return on equity of 11.6% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.02 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: Chemicals Industry: Dyes And Pigments

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
40.13 49.69 44.59 33.69 52.83 42.40 59.90 53.88 49.15 36.46
39.50 49.09 44.61 32.71 51.70 40.88 59.70 53.39 47.33 35.68
Operating Profit 0.63 0.60 -0.02 0.98 1.13 1.52 0.20 0.49 1.82 0.78
OPM % 1.57% 1.21% -0.04% 2.91% 2.14% 3.58% 0.33% 0.91% 3.70% 2.14%
1.07 2.42 1.93 0.90 2.08 1.26 2.67 2.46 1.25 0.77
Interest 0.34 0.32 0.37 0.33 0.24 0.35 0.40 0.48 0.42 0.58
Depreciation 0.05 0.04 0.06 0.05 0.06 0.11 0.14 0.24 0.31 0.28
Profit before tax 1.31 2.66 1.48 1.50 2.91 2.32 2.33 2.23 2.34 0.69
Tax % 30.53% 33.83% 16.22% 29.33% 28.87% 28.45% 27.90% 28.70% 27.35% 28.99%
0.91 1.75 1.25 1.05 2.06 1.67 1.68 1.59 1.70 0.49
EPS in Rs 1.26 2.42 1.54 1.29 2.54 2.06 2.07 1.96 2.09 0.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
19.52 80.02 94.28 86.49 102.28 103.01 85.61
18.75 78.98 93.70 84.38 100.53 100.52 83.01
Operating Profit 0.77 1.04 0.58 2.11 1.75 2.49 2.60
OPM % 3.94% 1.30% 0.62% 2.44% 1.71% 2.42% 3.04%
0.46 2.47 4.35 2.98 3.93 3.57 2.02
Interest 0.24 0.53 0.69 0.57 0.78 0.95 1.00
Depreciation 0.05 0.07 0.10 0.12 0.25 0.55 0.59
Profit before tax 0.94 2.91 4.14 4.40 4.65 4.56 3.03
Tax % 21.28% 29.90% 27.54% 29.55% 27.74% 28.07%
0.74 2.04 2.99 3.11 3.35 3.28 2.19
EPS in Rs 1.44 2.82 3.68 3.83 4.12 4.04 2.69
Dividend Payout % 0.00% 0.00% 8.15% 5.22% 15.76% 16.09%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 3%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 4%
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: 17%
3 Years: 14%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 12%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.13 7.23 8.12 8.12 8.12 8.12 8.12
Reserves 2.64 7.84 15.86 18.81 21.63 24.37 24.86
6.34 4.80 5.55 10.56 10.02 10.08 14.49
20.50 23.23 20.90 20.21 25.39 22.03 18.79
Total Liabilities 34.61 43.10 50.43 57.70 65.16 64.60 66.26
0.67 0.79 0.85 0.96 1.68 4.48 4.38
CWIP 0.00 0.00 2.15 2.56 2.93 0.43 0.61
Investments 0.00 0.00 0.00 0.00 0.00 0.05 0.05
33.94 42.31 47.43 54.18 60.55 59.64 61.22
Total Assets 34.61 43.10 50.43 57.70 65.16 64.60 66.26

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-11.15 -4.23 -3.47 -2.50 3.24 2.28
-0.72 -0.20 -2.50 -0.63 -1.44 -0.91
13.14 3.22 5.99 3.13 -1.82 -1.36
Net Cash Flow 1.27 -1.20 0.01 0.00 -0.02 0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 312.83 107.69 106.04 142.94 135.96 130.25
Inventory Days 212.44 42.23 48.98 70.98 72.06 77.95
Days Payable 416.27 111.00 83.18 89.26 97.69 83.37
Cash Conversion Cycle 109.00 38.93 71.84 124.65 110.34 124.83
Working Capital Days 224.01 86.89 102.13 142.39 124.44 132.24
ROCE % 20.25% 19.55% 14.83% 14.06% 13.72%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
48.07% 48.07% 50.02% 45.07% 47.05% 49.82% 50.61% 51.33% 52.18% 53.05% 53.84% 54.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.59% 0.59% 0.59% 0.59%
0.17% 0.00% 0.00% 2.88% 2.88% 2.88% 2.88% 0.59% 0.00% 0.00% 0.00% 0.00%
51.76% 51.93% 49.97% 52.05% 50.08% 47.30% 46.51% 48.08% 47.23% 46.36% 45.57% 44.46%
No. of Shareholders 234251272329341309327305312291303309

* 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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