Majestic Auto Ltd

Majestic Auto Ltd

₹ 418 0.69%
11 Dec 4:00 p.m.
About

Incorporated in 1973, Majestic Auto Ltd is in the business of leasing and provision of maintenance services[1]

Key Points

Business Overview:[1]
MAL used to produce Mopeds and manufactured Automobile & Electrical components. Currently, company is in the business of commercial real estate. It provides office space on lease and facility management services

  • Market Cap 435 Cr.
  • Current Price 418
  • High / Low 476 / 245
  • Stock P/E 17.6
  • Book Value 614
  • Dividend Yield 3.59 %
  • ROCE 11.6 %
  • ROE 6.22 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.68 times its book value
  • Stock is providing a good dividend yield of 3.59%.
  • Company has been maintaining a healthy dividend payout of 85.0%

Cons

  • The company has delivered a poor sales growth of -6.49% over past five years.
  • Company has a low return on equity of 3.33% over last 3 years.
  • Earnings include an other income of Rs.46.3 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
12.41 12.69 11.59 12.31 12.23 12.07 12.97 13.32 39.60 14.97 15.52 16.06 16.15
4.37 3.77 5.19 5.37 5.48 6.11 7.97 7.75 9.01 6.48 6.30 9.18 8.88
Operating Profit 8.04 8.92 6.40 6.94 6.75 5.96 5.00 5.57 30.59 8.49 9.22 6.88 7.27
OPM % 64.79% 70.29% 55.22% 56.38% 55.19% 49.38% 38.55% 41.82% 77.25% 56.71% 59.41% 42.84% 45.02%
5.24 1.45 5.52 0.65 3.76 0.94 6.11 3.81 6.60 7.45 16.48 13.79 8.61
Interest 3.63 3.39 3.53 3.56 3.47 3.39 3.29 3.54 3.84 3.58 3.37 3.80 3.61
Depreciation 2.06 2.21 2.29 2.21 2.18 2.19 2.22 2.15 2.19 2.15 2.24 2.25 2.30
Profit before tax 7.59 4.77 6.10 1.82 4.86 1.32 5.60 3.69 31.16 10.21 20.09 14.62 9.97
Tax % 15.28% 39.41% 95.08% 75.27% 26.54% 7.58% 109.29% 32.25% 25.71% 25.37% 100.75% 29.27% 20.96%
6.44 2.88 0.29 0.45 3.57 1.21 -0.51 2.50 23.14 7.62 -0.16 10.34 7.90
EPS in Rs 5.46 2.30 0.04 0.16 3.17 1.01 -0.71 2.29 22.05 7.03 -0.59 9.69 7.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
155 106 114 138 57 56 117 69 57 49 50 83 63
147 120 133 137 42 36 53 26 17 19 25 29 31
Operating Profit 7 -13 -19 1 14 20 63 43 40 30 25 54 32
OPM % 5% -13% -17% 0% 25% 36% 54% 62% 70% 61% 50% 65% 51%
8 88 57 53 9 9 10 10 13 13 11 34 46
Interest 13 15 10 26 27 23 22 20 17 14 14 14 14
Depreciation 15 16 18 20 8 8 7 9 9 9 9 9 9
Profit before tax -12 44 9 7 -12 -2 45 24 27 20 14 65 55
Tax % -42% -29% -161% -67% -12% 23% 0% 188% 20% 47% 65% 49%
-7 56 24 11 -10 -3 45 -21 22 11 5 33 26
EPS in Rs -6.84 53.81 22.81 10.91 -10.76 -3.46 41.93 -15.42 19.17 8.70 3.64 30.79 23.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 39% 0% 206% 49%
Compounded Sales Growth
10 Years: -2%
5 Years: -6%
3 Years: 14%
TTM: -20%
Compounded Profit Growth
10 Years: 16%
5 Years: -6%
3 Years: 17%
TTM: -4%
Stock Price CAGR
10 Years: 17%
5 Years: 31%
3 Years: 48%
1 Year: 58%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 3%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 58 114 138 166 378 405 379 289 410 405 406 605 628
130 94 102 379 365 292 222 198 183 178 160 153 147
33 29 20 52 69 47 34 35 57 31 37 82 111
Total Liabilities 232 247 270 607 822 755 645 533 660 624 614 851 896
172 165 179 469 439 360 358 353 345 344 340 343 457
CWIP 8 8 2 0 0 0 0 0 0 0 0 3 16
Investments 1 0 0 21 316 326 240 149 272 211 216 123 327
52 74 89 118 68 69 47 31 44 69 58 381 96
Total Assets 232 247 270 607 822 755 645 533 660 624 614 851 896

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 -31 -17 20 24 44 99 40 41 17 32 79
-27 78 28 -244 29 58 -4 0 -2 10 5 282
12 -48 -2 215 -53 -101 -91 -43 -33 -33 -38 -36
Net Cash Flow -0 -1 8 -8 -1 -0 3 -3 6 -6 -0 325

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 63 40 67 208 64 11 15 18 14 1 2
Inventory Days 53 58 49 88 631 132 27 68 123 145 83 26
Days Payable 72 87 46 113 1,155 106 33 45 47 70 29 27
Cash Conversion Cycle 14 35 42 42 -316 90 5 38 94 88 55 1
Working Capital Days -20 58 65 67 -27 128 -48 -93 81 178 111 -5
ROCE % 0% -9% -10% 1% 2% 3% 10% 8% 8% 6% 5% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
24.95% 24.95% 24.95% 24.94% 24.95% 24.96% 24.96% 24.95% 24.94% 24.95% 24.95% 24.96%
No. of Shareholders 6,6787,5887,3197,0096,7166,5676,1095,8996,7228,1667,6658,396

* 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.

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