Majestic Auto Ltd

₹ 124 -1.47%
01 Jul - close price
About

Majestic Auto Limited is engaged in the business of providing facility management and rental services. [1]

Key Points

History
The company discontinued its manufacturing operations in FY18 and diversified into facility management services, leasing of owned property, purchase, acquire, build & construct any property etc.
The co. was the largest producer of Mopeds in India in the early 80’s. It also manufactured Automobile & Electrical components until 2017 [1][2]

  • Market Cap 129 Cr.
  • Current Price 124
  • High / Low 176 / 110
  • Stock P/E 14.3
  • Book Value 400
  • Dividend Yield 6.04 %
  • ROCE 5.73 %
  • ROE 2.16 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.31 times its book value
  • Market value of investments Rs.271.80 Cr. is more than the Market Cap Rs.129.12 Cr.

Cons

  • The company has delivered a poor sales growth of -2.87% over past five years.
  • Company has a low return on equity of 1.15% for last 3 years.
  • Earnings include an other income of Rs.13.08 Cr.
  • Dividend payout has been low at 13.05% of profits 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: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
18.37 16.86 16.93 17.01 15.04 14.71 13.76 13.33 12.24 12.41 12.69 11.59
5.63 6.73 6.89 6.92 4.42 4.42 4.18 3.82 5.79 4.37 3.77 5.19
Operating Profit 12.74 10.13 10.04 10.09 10.62 10.29 9.58 9.51 6.45 8.04 8.92 6.40
OPM % 69.35% 60.08% 59.30% 59.32% 70.61% 69.95% 69.62% 71.34% 52.70% 64.79% 70.29% 55.22%
0.17 3.50 0.22 6.09 0.98 3.44 1.32 7.38 0.87 5.24 1.45 5.52
Interest 5.22 5.10 4.91 4.87 4.32 4.31 4.24 4.04 3.83 3.63 3.39 3.53
Depreciation 2.24 2.35 2.33 2.33 2.36 2.22 2.13 2.24 2.04 2.06 2.21 2.29
Profit before tax 5.45 6.18 3.02 8.98 4.92 7.20 4.53 10.61 1.45 7.59 4.77 6.10
Tax % 11.74% 15.70% 13.91% 473.27% 25.00% 20.28% 24.28% 15.55% 34.48% 15.28% 39.41% 95.08%
Net Profit 4.30 5.02 2.42 -27.77 3.18 5.25 3.00 8.51 0.58 5.68 2.39 0.04
EPS in Rs 4.14 4.83 2.33 -26.71 3.06 5.05 2.89 8.18 0.56 5.46 2.30 0.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
148.15 165.11 154.54 106.11 114.03 137.58 56.60 55.77 116.70 69.16 56.84 48.93
131.95 151.54 147.40 119.57 133.31 137.03 42.41 35.54 53.23 26.11 16.85 19.14
Operating Profit 16.20 13.57 7.14 -13.46 -19.28 0.55 14.19 20.23 63.47 43.05 39.99 29.79
OPM % 10.93% 8.22% 4.62% -12.68% -16.91% 0.40% 25.07% 36.27% 54.39% 62.25% 70.36% 60.88%
6.56 27.53 8.25 88.06 57.25 52.88 9.34 8.78 10.23 9.92 13.13 13.08
Interest 7.18 13.76 12.61 14.82 10.42 26.42 26.93 22.97 21.61 20.09 16.92 14.37
Depreciation 9.27 12.72 14.94 16.28 18.47 20.20 8.32 8.19 6.99 9.25 8.95 8.60
Profit before tax 6.31 14.62 -12.16 43.50 9.08 6.81 -11.72 -2.15 45.10 23.63 27.25 19.90
Tax % 16.32% -17.51% 41.53% -28.64% -161.23% -66.52% 12.03% -22.79% 0.22% 188.45% 19.96% 46.93%
Net Profit 5.28 17.18 -7.11 55.95 23.72 11.34 -11.19 -3.60 43.60 -16.03 19.93 9.05
EPS in Rs 5.08 16.52 -6.84 53.81 22.81 10.91 -10.76 -3.46 41.93 -15.42 19.17 8.70
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 39.14% -0.00%
Compounded Sales Growth
10 Years: -11%
5 Years: -3%
3 Years: -25%
TTM: -14%
Compounded Profit Growth
10 Years: 6%
5 Years: 24%
3 Years: -41%
TTM: -55%
Stock Price CAGR
10 Years: 8%
5 Years: 3%
3 Years: -10%
1 Year: -16%
Return on Equity
10 Years: 0%
5 Years: 3%
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
10.40 10.40 10.40 10.60 10.60 10.40 10.40 10.40 10.40 10.40 10.40 10.40
Reserves 48.10 65.28 58.16 114.12 137.84 165.58 377.93 405.21 378.82 289.19 410.47 405.03
114.81 105.21 130.05 93.68 101.89 378.89 365.48 292.36 221.90 197.92 181.43 177.56
33.00 30.00 33.37 28.81 19.80 52.41 68.52 47.03 33.78 35.37 57.50 63.40
Total Liabilities 206.31 210.89 231.98 247.01 269.93 607.28 822.33 755.00 644.90 532.88 659.80 656.39
134.92 146.64 171.60 164.83 179.14 468.79 438.60 359.84 358.25 352.98 344.53 343.58
CWIP 15.23 12.25 7.52 8.36 1.96 0.09 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 0.92 0.92 0.93 0.10 0.08 20.54 316.03 326.29 239.80 148.88 271.80 211.45
55.24 51.08 51.93 73.72 88.75 117.86 67.70 68.87 46.85 31.02 43.47 101.36
Total Assets 206.31 210.89 231.98 247.01 269.93 607.28 822.33 755.00 644.90 532.88 659.80 656.39

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16.40 14.52 14.65 -31.15 -16.96 20.36 24.23 43.73 98.53 40.12 41.15 19.01
-84.57 5.64 -26.89 77.95 27.58 -243.69 28.59 57.62 -4.45 0.31 7.99 10.16
68.86 -21.30 12.18 -48.08 -2.20 215.26 -53.42 -101.44 -91.18 -43.45 -32.93 -32.80
Net Cash Flow 0.69 -1.14 -0.06 -1.28 8.42 -8.07 -0.59 -0.09 2.91 -3.03 16.21 -3.63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58.44 40.81 32.36 63.43 39.82 67.20 207.65 64.07 10.88 14.99 18.17 13.87
Inventory Days 43.56 36.91 53.36 58.40 48.86 88.32 631.45 132.20 27.09 68.04 123.02
Days Payable 73.70 65.76 71.96 86.70 46.27 113.13 1,155.09 106.10 33.11 45.05 49.90
Cash Conversion Cycle 28.31 11.96 13.75 35.12 42.41 42.40 -315.99 90.17 4.86 37.97 91.29 13.87
Working Capital Days 16.80 5.24 -20.36 58.44 65.07 67.07 -26.57 128.15 -48.29 -93.04 -112.51 195.67
ROCE % 10.14% 10.41% 0.25% -9.34% -10.04% 1.47% 2.32% 2.85% 10.11% 7.90% 8.03% 5.73%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
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 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95 24.95

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