Mangalore Chemicals & Fertilizers Ltd

₹ 116 -0.39%

25 Apr 2:47 p.m.

mangalorechemicals.com BSE: 530011 NSE : MANGCHEFER

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]

Website BSE NSE

Market Cap ₹ 1,378 Cr.
Current Price ₹ 116
High / Low ₹ 156 / 89.6
Stock P/E 6.31
Book Value ₹ 76.1
Dividend Yield 1.29 %
ROCE 13.5 %
ROE 18.7 %
Face Value ₹ 10.0

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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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Detailed Comparison with:

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
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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:	23%
3 Years:	18%
1 Year:	25%

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

5 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	67,200	68,835	64,378	59,727	60,958	57,198	58,112	54,492	53,185	52,562	53,254	68,701

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	75.00%	75.00%	59.78%	56.88%	60.02%	60.47%	60.63%	60.63%
	0.88%	0.98%	1.01%	0.11%	0.95%	4.00%	0.86%	1.84%
	0.42%	0.36%	0.35%	0.20%	0.19%	0.19%	0.19%	2.00%
	0.89%	0.89%	13.88%	16.03%	0.89%	0.89%	0.89%	0.89%
	22.81%	22.77%	24.98%	26.79%	37.95%	34.45%	37.43%	34.64%
No. of Shareholders	56,402	48,340	46,046	45,496	55,745	59,727	54,492	68,701

* 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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