Madhya Bharat Agro Products Ltd
Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products. [1]
- Market Cap ₹ 1,965 Cr.
- Current Price ₹ 224
- High / Low ₹ 348 / 210
- Stock P/E 79.1
- Book Value ₹ 39.8
- Dividend Yield 0.11 %
- ROCE 12.1 %
- ROE 7.56 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
- Company's median sales growth is 19.1% of last 10 years
Cons
- Debtor days have increased from 72.7 to 89.0 days.
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
45 | 59 | 62 | 65 | 82 | 90 | 107 | 129 | 185 | 490 | 981 | 817 | |
34 | 48 | 56 | 52 | 60 | 69 | 78 | 94 | 143 | 384 | 772 | 720 | |
Operating Profit | 12 | 10 | 6 | 12 | 21 | 21 | 29 | 35 | 42 | 107 | 210 | 97 |
OPM % | 26% | 18% | 10% | 19% | 26% | 23% | 28% | 27% | 23% | 22% | 21% | 12% |
0 | 0 | 6 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 5 | 11 | |
Interest | 5 | 3 | 3 | 3 | 5 | 5 | 4 | 3 | 4 | 8 | 16 | 26 |
Depreciation | 2 | 2 | 3 | 4 | 7 | 8 | 10 | 10 | 9 | 18 | 22 | 29 |
Profit before tax | 5 | 5 | 6 | 6 | 13 | 7 | 16 | 21 | 29 | 81 | 176 | 52 |
Tax % | 33% | 33% | 32% | -55% | 11% | 30% | 27% | 31% | 29% | 30% | 29% | 52% |
4 | 4 | 4 | 9 | 12 | 5 | 11 | 15 | 20 | 57 | 124 | 25 | |
EPS in Rs | 0.83 | 0.51 | 0.56 | 1.05 | 1.34 | 0.58 | 1.30 | 1.69 | 2.31 | 6.51 | 14.18 | 2.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 9% | 21% | 10% | 7% | 5% | 2% | 2% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 30% |
5 Years: | 50% |
3 Years: | 64% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 17% |
3 Years: | 7% |
TTM: | -80% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 77% |
3 Years: | 85% |
1 Year: | -26% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 23% |
3 Years: | 27% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
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 | 11 | 18 | 18 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 44 | 44 |
Reserves | 14 | 51 | 54 | 69 | 80 | 84 | 95 | 108 | 127 | 183 | 285 | 305 |
33 | 10 | 9 | 18 | 34 | 36 | 26 | 40 | 70 | 164 | 323 | 287 | |
15 | 10 | 13 | 4 | 14 | 11 | 16 | 19 | 45 | 70 | 92 | 160 | |
Total Liabilities | 73 | 88 | 94 | 113 | 149 | 153 | 160 | 189 | 264 | 439 | 743 | 795 |
40 | 63 | 59 | 88 | 94 | 102 | 93 | 83 | 85 | 153 | 203 | 197 | |
CWIP | 0 | 4 | 6 | 0 | 9 | 9 | 9 | 31 | 75 | 2 | 0 | 32 |
Investments | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31 | 20 | 27 | 24 | 46 | 42 | 58 | 75 | 104 | 283 | 540 | 566 | |
Total Assets | 73 | 88 | 94 | 113 | 149 | 153 | 160 | 189 | 264 | 439 | 743 | 795 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-10 | 14 | 6 | 11 | 8 | 19 | 15 | 14 | 30 | -72 | -70 | 149 | |
-3 | -6 | -3 | -27 | -17 | -16 | -1 | -22 | -56 | -13 | -65 | -94 | |
14 | -9 | -3 | 16 | 8 | -3 | -14 | 9 | 25 | 85 | 141 | -61 | |
Net Cash Flow | 0 | -0 | -1 | 0 | -0 | -0 | 0 | 1 | -1 | -0 | 6 | -6 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 6 | 33 | 40 | 57 | 48 | 76 | 79 | 54 | 55 | 74 | |
Inventory Days | 323 | 124 | 74 | 58 | 204 | 130 | 159 | 210 | 214 | 200 | 125 | |
Days Payable | 59 | 24 | 59 | 17 | 80 | 47 | 39 | 37 | 88 | 46 | 8 | |
Cash Conversion Cycle | 284 | 106 | 48 | 80 | 180 | 131 | 195 | 252 | 181 | 210 | 191 | |
Working Capital Days | 84 | 67 | 93 | 89 | 112 | 102 | 127 | 146 | 124 | 162 | 165 | |
ROCE % | 23% | 13% | 12% | 9% | 15% | 9% | 14% | 16% | 17% | 30% | 38% |
Documents
Announcements
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General updates
8 October 2022 - Madhya Bharat Agro Products Limited has informed about company has fixed 19th October 2022 as the record date for the purpose of ascertaining the eligibility …
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Record Date
8 October 2022 - Record date for the purpose of Bonus is 19-Oct-2022.
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Newspaper Advertisements
1 June 2022 - Extract of newspaper advertisement published for Declaration of audited Financial Results for quarter and Year ended on 31st March 2022of the Company, approved in meeting …
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Financial Result Updates
10 May 2019 - Madhya Bharat Agro Products Limited has submitted to the Exchange, the financial results for the period ended March 31, 2019.
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Disc. under Reg.30 of SEBI (SAST) Reg.2011
15 April 2019 - Promoter along with PAC has submitted to the Exchange a copy of Annual Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares …
Products
The Co manufactures different kinds of fertilisers such as SSP, BRP, Water Soluble Fertilizers, Phosphate Rich Organic Manure among others. It is also engaged in production of Sulphur Bentonite and some value-added chemicals like oleum etc. The Co markets its products under the brand name “Annadata”. [1][2]