Mangalore Chemicals & Fertilizers Ltd

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Mangalore Chemicals & Fertilizers Limited is engaged in the business of manufacture, purchase and sale of fertilizers. The Company manufactures both nitrogenous and phosphatic fertilizers.

  • Market Cap 1,016 Cr.
  • Current Price 85.8
  • High / Low 101 / 27.2
  • Stock P/E 17.5
  • Book Value 36.0
  • Dividend Yield 0.58 %
  • ROCE 17.1 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 23.17%

Cons

  • Company has a low return on equity of 12.11% for last 3 years.
  • Promoters have pledged 79.91% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -14.97%

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

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%
Other Income 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%
Net Profit 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:11%
5 Years:10%
3 Years:14%
1 Year:122%
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
119 119 119 119 119
Reserves 212 229 254 270 308
Borrowings 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
ROCE % 10% 12% 12% 17%
Debtor Days 4 10 4 1 3
Inventory Turnover 8.18 8.86 12.15 10.51

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
63.96 61.93 61.10 59.78 60.07 56.61 56.61 56.88 58.32 59.67 60.02 60.02
0.97 0.96 0.96 1.01 0.72 0.17 0.17 0.11 0.08 0.04 1.34 0.95
0.37 0.38 0.36 0.35 0.35 0.33 0.40 0.20 0.22 0.20 0.20 0.19
11.93 13.88 13.88 13.88 13.88 17.64 17.64 16.03 13.31 8.50 2.77 0.89
22.77 22.85 23.71 24.98 24.98 25.26 25.18 26.79 28.07 31.59 35.68 37.95

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