Mangalore Chemicals & Fertilizers Ltd

Mangalore Chemicals & Fertilizers Ltd

₹ 117 0.73%
26 Apr - close price
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 1,390 Cr.
  • Current Price 117
  • High / Low 156 / 89.6
  • Stock P/E 23.9
  • Book Value 36.0
  • Dividend Yield 1.28 %
  • ROCE 17.1 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 23.2%
  • Company's working capital requirements have reduced from 62.8 days to 29.8 days

Cons

  • Stock is trading at 3.26 times its book value
  • Company has a low return on equity of 12.1% over last 3 years.
  • Promoters have pledged 48.1% of their holding.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
1,082 1,371 1,656 2,470 2,087
1,027 1,302 1,575 2,372 1,993
Operating Profit 55 68 81 98 94
OPM % 5% 5% 5% 4% 4%
2 5 9 -1 31
Interest 7 16 15 37 24
Depreciation 11 15 16 17 19
Profit before tax 39 42 58 43 82
Tax % 35% 35% 31% 35% 34%
25 27 40 28 54
EPS in Rs 2.32 3.41 2.35 4.52
Dividend Payout % 28% 26% 18% 30% 22%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 28%
TTM: 50%
Stock Price CAGR
10 Years: 5%
5 Years: 23%
3 Years: 17%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Equity Capital 119 119 119 119 119
Reserves 212 229 254 270 308
214 228 380 398 101
242 265 332 339 363
Total Liabilities 787 841 1,085 1,126 890
294 301 309 322 360
CWIP 5 6 16 17 28
Investments 0 0 0 0 0
487 534 761 788 502
Total Assets 787 841 1,085 1,126 890

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
-43 48 -51 6 392
-64 -26 -37 -33 -74
106 -9 132 -17 -327
Net Cash Flow -1 12 44 -44 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010
Debtor Days 4 10 4 1 3
Inventory Days 70 54 55 35 40
Days Payable 84 69 76 47 58
Cash Conversion Cycle -9 -5 -17 -11 -15
Working Capital Days 93 77 89 69 30
ROCE % 10% 12% 12% 17%

Shareholding Pattern

Numbers in percentages

5 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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