Madhya Bharat Agro Products Ltd

About

Madhya Bharat Agro Products Limited (MBAPL) is an India-based fertilizer manufacturer.

  • Market Cap 386 Cr.
  • Current Price 176
  • High / Low 227 / 63.4
  • Stock P/E 16.3
  • Book Value 75.7
  • Dividend Yield 0.28 %
  • ROCE 16.6 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 69.45 to 53.91 days.

Cons

  • Company has a low return on equity of 12.38% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Fertilizers Industry: Fertilizers

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
31.77 28.85 26.10 41.49 34.20 29.07 49.52 54.76 31.83 49.60 67.32 86.40
24.10 21.86 19.90 31.31 24.55 20.35 37.88 40.04 23.28 42.89 51.40 67.71
Operating Profit 7.67 6.99 6.20 10.18 9.65 8.72 11.64 14.72 8.55 6.71 15.92 18.69
OPM % 24.14% 24.23% 23.75% 24.54% 28.22% 30.00% 23.51% 26.88% 26.86% 13.53% 23.65% 21.63%
Other Income 0.14 0.24 0.01 0.01 0.01 0.20 0.03 0.00 0.05 0.06 0.01 0.01
Interest 0.95 0.91 0.53 0.88 0.55 1.12 0.86 1.03 1.02 0.90 1.03 1.63
Depreciation 2.23 3.18 2.39 2.58 2.61 3.20 2.32 2.32 2.32 2.41 3.09 3.81
Profit before tax 4.63 3.14 3.29 6.73 6.50 4.60 8.49 11.37 5.26 3.46 11.81 13.26
Tax % 25.49% 32.17% -2.43% 21.69% 13.54% 34.57% 30.04% 27.97% 30.99% 28.03% 29.89% 29.94%
Net Profit 3.46 2.14 3.37 5.27 5.63 3.01 5.94 8.19 3.62 2.49 8.29 9.29
EPS in Rs 1.58 0.98 1.54 2.41 2.57 1.37 2.71 3.74 1.65 1.14 3.78 4.24

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
22 40 46 45 59 62 65 82 90 107 129 185 235
20 34 39 34 48 56 52 60 69 78 94 143 185
Operating Profit 2 6 7 12 10 6 12 21 21 29 35 42 50
OPM % 7% 14% 16% 26% 18% 10% 19% 26% 23% 28% 27% 23% 21%
Other Income 0 0 0 0 0 6 0 4 0 0 0 0 0
Interest 1 1 2 5 3 3 3 5 5 4 3 4 5
Depreciation 0 0 1 2 2 3 4 7 8 10 10 9 12
Profit before tax 1 5 5 5 5 6 6 13 7 16 21 29 34
Tax % 25% 33% 41% 33% 33% 32% -55% 11% 30% 27% 31% 29%
Net Profit 1 3 3 4 4 4 9 12 5 11 15 20 24
EPS in Rs 0.77 2.77 2.56 3.32 2.03 2.23 4.20 5.35 2.33 5.22 6.77 9.24 10.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 9% 21% 10% 7% 5%
Compounded Sales Growth
10 Years: 17%
5 Years: 23%
3 Years: 27%
TTM: 40%
Compounded Profit Growth
10 Years: 21%
5 Years: 17%
3 Years: 58%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 53%
1 Year: 159%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 12%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
11 11 11 11 18 18 22 22 22 22 22 22 22
Reserves 1 5 10 14 51 54 69 80 84 95 108 127 144
Borrowings 1 17 11 33 10 9 18 34 36 26 40 70 75
11 10 25 15 10 13 4 14 11 16 19 45 84
Total Liabilities 25 43 58 73 88 94 113 149 153 160 189 264 325
3 6 39 40 63 59 88 94 102 93 83 85 157
CWIP 1 18 0 0 4 6 0 9 9 9 31 75 4
Investments 1 1 1 1 1 1 1 0 0 0 0 0 0
19 18 18 31 20 27 24 46 42 58 75 104 163
Total Assets 25 43 58 73 88 94 113 149 153 160 189 264 325

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-4 14 20 -10 14 6 11 8 19 15 14 30
-2 -22 -12 -3 -6 -3 -27 -17 -16 -1 -22 -56
6 9 -10 14 -9 -3 16 8 -3 -14 9 25
Net Cash Flow -0 2 -2 0 -0 -1 0 -0 -0 0 1 -0

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 3 1 24 20 6 33 40 57 48 76 79 54
Inventory Days 250 105 82 323 124 74 58 204 130 159 210 214
Days Payable 85 60 92 59 24 59 17 80 47 39 37 88
Cash Conversion Cycle 169 46 14 284 106 48 80 180 131 195 252 181
Working Capital Days 89 10 -66 97 72 97 97 129 111 135 154 124
ROCE % 18% 25% 20% 23% 13% 12% 9% 15% 9% 14% 16% 17%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents