Mangalore Chemicals & Fertilizers Ltd

Mangalore Chemicals & Fertilizers Ltd

₹ 116 2.02%
22 Apr 12:01 p.m.
About

Mangalore Chemicals and Fertilizers Limited (MCF) is primarily engaged in the manufacture, purchase, and sale of fertilizers. It is a subsidiary of Zuari Fertilisers and Chemicals Limited, an Adventz Group. [1][2]

Key Points

Product Portfolio
Fertilizers: Mangala Urea, Mangala DAP, Mangala SSP, and others for crops. [1]
Plant Nutrition Products: Soil Conditioners, Organic Products, Micronutrients, Specialty Agri Products, Water Soluble Fertilizers, Crop Specific Soil Products, etc [2]
Plant Protection Chemicals: Insecticides, Fungicides, Herbicides, Mangala Brand PP Chemicals from preventing destruction and damage of crops. [3]
Other Products: Ammonium Bi Carbonate, Sulphonated N F, Sulphuric Acid [4]

  • Market Cap 1,374 Cr.
  • Current Price 116
  • High / Low 156 / 89.6
  • Stock P/E 6.29
  • Book Value 76.1
  • Dividend Yield 1.31 %
  • ROCE 13.5 %
  • ROE 18.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 6.25% over past five years.
  • Promoters have pledged 48.1% of their holding.

* 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: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
327 598 687 728 762 719 1,021 283 1,173 1,164 958 1,410 641
304 552 632 663 696 695 958 306 1,033 1,036 842 1,269 559
Operating Profit 23 47 55 65 66 24 63 -22 141 128 116 141 82
OPM % 7% 8% 8% 9% 9% 3% 6% -8% 12% 11% 12% 10% 13%
7 4 6 6 5 8 6 6 7 11 7 10 11
Interest 17 11 11 13 11 16 19 21 33 31 30 28 23
Depreciation 12 16 13 13 13 12 13 13 17 17 17 17 18
Profit before tax 1 24 38 46 47 4 37 -49 97 92 76 106 51
Tax % 25% 39% 36% 36% 34% 16% 38% 35% 21% 26% 35% 36% 35%
1 15 24 29 31 3 23 -32 76 68 49 68 33
EPS in Rs 0.07 1.24 2.05 2.45 2.62 0.29 1.92 -2.72 6.43 5.73 4.16 5.71 2.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
3,707 2,780 3,310 2,577 2,969 2,479 2,689 3,074 2,711 2,144 2,896 3,642 4,173
3,511 2,605 3,090 2,413 2,857 2,306 2,531 2,882 2,504 1,936 2,680 3,327 3,705
Operating Profit 196 175 221 163 112 174 158 191 207 208 216 315 468
OPM % 5% 6% 7% 6% 4% 7% 6% 6% 8% 10% 7% 9% 11%
13 10 4 10 -213 8 39 9 20 24 19 25 40
Interest 77 87 102 126 115 116 84 111 111 77 49 104 112
Depreciation 29 29 29 29 32 35 37 39 45 50 51 60 70
Profit before tax 102 69 94 18 -248 30 75 50 70 106 135 176 325
Tax % 33% 4% 24% -105% 3% 36% 19% 34% 8% 36% 35% 24%
69 67 71 38 -240 19 61 33 65 67 88 135 218
EPS in Rs 5.83 5.62 5.98 3.17 -20.26 1.64 5.11 2.77 5.45 5.66 7.41 11.36 18.38
Dividend Payout % 21% 21% 20% 19% 0% 31% 20% 36% 9% 18% 16% 13%
Compounded Sales Growth
10 Years: 3%
5 Years: 6%
3 Years: 10%
TTM: 31%
Compounded Profit Growth
10 Years: 8%
5 Years: 17%
3 Years: 27%
TTM: 210%
Stock Price CAGR
10 Years: 5%
5 Years: 22%
3 Years: 17%
1 Year: 14%
Return on Equity
10 Years: 10%
5 Years: 14%
3 Years: 15%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 119 119 119 119 119 119 119 119 119 119 119 119 119
Reserves 417 465 517 541 286 305 359 377 427 489 565 685 784
1,324 1,229 1,522 1,108 1,385 1,203 1,367 1,713 1,506 884 1,363 1,377 979
436 473 475 670 664 610 664 710 751 506 675 479 737
Total Liabilities 2,296 2,286 2,633 2,438 2,453 2,237 2,508 2,918 2,803 1,997 2,721 2,659 2,618
365 474 497 620 643 625 611 613 608 599 573 1,077 1,050
CWIP 127 12 129 9 13 13 33 35 46 78 317 14 56
Investments 0 200 200 200 0 0 0 0 0 0 0 0 0
1,804 1,601 1,807 1,609 1,797 1,599 1,864 2,270 2,149 1,320 1,831 1,568 1,512
Total Assets 2,296 2,286 2,633 2,438 2,453 2,237 2,508 2,918 2,803 1,997 2,721 2,659 2,618

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-816 324 -22 613 -136 337 33 -262 629 962 -87 192
-134 -225 -154 -56 -53 -13 -40 -59 -65 -121 -187 -243
1,046 -197 173 -550 180 -270 60 250 -393 -702 404 -101
Net Cash Flow 95 -99 -3 8 -10 55 54 -71 171 139 130 -152

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 33 24 19 33 60 183 161 186 195 87 84 76
Inventory Days 30 49 23 65 38 142 237 89 49 48 87 37
Days Payable 42 67 43 98 86 235 312 84 114 88 82 37
Cash Conversion Cycle 21 7 -1 0 12 90 86 190 130 47 89 76
Working Capital Days 112 151 150 128 134 135 145 175 143 62 81 78
ROCE % 14% 9% 10% 7% 5% 9% 9% 8% 9% 10% 11% 14%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.02% 60.21% 60.34% 60.47% 60.54% 60.55% 60.63% 60.63% 60.63% 60.63% 60.63% 60.63%
0.34% 1.75% 3.49% 4.00% 2.58% 2.25% 0.13% 0.86% 0.84% 1.11% 1.61% 1.84%
0.19% 0.20% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 2.12% 2.00%
0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89%
38.56% 36.96% 35.09% 34.45% 35.80% 36.12% 38.17% 37.43% 37.44% 37.18% 34.76% 34.64%
No. of Shareholders 67,20068,83564,37859,72760,95857,19858,11254,49253,18552,56253,25468,701

* 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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