McNally Bharat Engineering Company Ltd

McNally Bharat Engineering Company Ltd

₹ 4.60 1.10%
16 Apr - close price
About

Incorporated in 1961, McNally Bharat
Engineering Company Ltd is engaged
in diversified construction activities,
primarily execution of Turnkey Projects[1]

Key Points

Business Overview:[1]
Company is a part of Williamson Magor
Group. It provides turnkey solutions in
the areas of Power, Steel, Aluminium,
Material Handling, Mineral Beneficiation, Pyroprocessing, and Pneumatic Handling of
powdered materials including fly ash handling
and high concentrate disposal, coal washing,
Port cranes, Cement, Oil and gas, civic and industrial water supply, etc. It has many subsidiaries and associates, both in India
and abroad.

  • Market Cap 97.3 Cr.
  • Current Price 4.60
  • High / Low 7.23 / 2.90
  • Stock P/E
  • Book Value -177
  • Dividend Yield 0.00 %
  • ROCE -28.3 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -25.7% over past five years.
  • Promoter holding is low: 32.8%
  • Contingent liabilities of Rs.1,457 Cr.
  • Company has high debtors of 722 days.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
120 175 91 109 116 109 92 87 111 90 41 47 40
136 155 103 105 118 197 125 193 205 178 48 59 54
Operating Profit -16 20 -12 4 -2 -88 -33 -106 -93 -88 -7 -12 -14
OPM % -13% 11% -13% 4% -2% -81% -36% -121% -84% -97% -17% -26% -35%
8 4 9 13 20 -1 11 12 -59 104 11 11 10
Interest 9 4 10 13 14 15 1,021 144 600 173 241 190 198
Depreciation 3 3 3 3 4 3 3 3 3 2 1 1 1
Profit before tax -19 17 -16 1 1 -107 -1,046 -241 -756 -159 -237 -192 -203
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% -39% 0% 0% 0%
-19 17 -16 1 1 -107 -1,046 -241 -756 -221 -237 -192 -203
EPS in Rs -0.93 0.89 -0.74 0.05 0.04 -4.67 -49.41 -11.36 -35.73 -10.82 -11.20 -9.07 -9.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,643 2,682 2,632 2,430 2,694 2,172 1,682 1,739 730 502 403 381 218
2,467 2,513 2,512 2,278 2,692 2,527 1,832 2,205 1,043 496 488 701 339
Operating Profit 177 169 120 152 1 -356 -149 -466 -313 6 -86 -320 -121
OPM % 7% 6% 5% 6% 0% -16% -9% -27% -43% 1% -21% -84% -55%
51 21 77 101 47 317 153 135 62 30 40 68 137
Interest 116 162 231 284 385 489 589 447 118 64 63 1,939 802
Depreciation 26 31 40 46 38 45 31 23 18 16 13 10 4
Profit before tax 85 -3 -74 -78 -375 -572 -617 -802 -388 -44 -121 -2,201 -791
Tax % 22% -736% -2% -5% -0% 91% 24% 1% 0% 0% 0% -3%
66 -21 -75 -81 -377 -51 -470 -791 -387 -44 -121 -2,263 -853
EPS in Rs 21.11 -7.03 -24.25 -18.30 -72.15 -10.62 -29.17 -45.51 -18.26 -2.11 -5.32 -107.32 -40.67
Dividend Payout % 5% -14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -18%
5 Years: -26%
3 Years: -20%
TTM: -45%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 55%
Stock Price CAGR
10 Years: -24%
5 Years: -8%
3 Years: -13%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 31 31 31 41 51 54 158 172 212 212 212 212 212
Reserves 332 350 276 302 -467 45 -127 -42 -204 -259 -385 -3,536 -3,966
Preference Capital 0 8 10 10 0 0 96 39 0 0 0
718 1,067 1,395 1,800 2,497 3,095 3,468 2,340 2,397 2,385 2,405 3,106 3,108
1,729 1,796 1,987 2,024 2,238 2,288 1,834 1,196 683 460 467 2,317 2,663
Total Liabilities 2,810 3,244 3,690 4,167 4,319 5,482 5,334 3,666 3,088 2,798 2,699 2,098 2,017
346 396 405 314 286 385 360 193 199 183 154 18 17
CWIP 60 11 8 9 5 4 5 5 5 5 5 5 5
Investments 46 94 0 27 30 21 16 1 1 1 1 1 1
2,359 2,743 3,277 3,817 3,998 5,072 4,953 3,467 2,883 2,609 2,539 2,073 1,994
Total Assets 2,810 3,244 3,690 4,167 4,319 5,482 5,334 3,666 3,088 2,798 2,699 2,098 2,017

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-56 -156 -184 -457 -392 -568 -303 359 -187 63 -7 10
-66 -88 67 135 -25 -22 65 390 47 2 47 -11
67 231 121 329 429 595 302 -806 120 -48 -33 6
Net Cash Flow -54 -12 5 6 12 6 64 -57 -19 16 7 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 209 221 225 231 204 295 390 365 717 791 900 722
Inventory Days 63 200 92 80 72 355 618 267 255 307 202 1
Days Payable 246 800 329 327 312 1,476 1,412 771 597 859 955 394
Cash Conversion Cycle 26 -379 -12 -16 -35 -827 -404 -139 375 239 146 329
Working Capital Days 90 131 172 246 179 308 499 327 771 1,095 1,278 -756
ROCE % 17% 12% 8% 6% 0% -3% -1% -11% -11% 1% -1%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
34.21% 34.21% 32.79% 32.79% 32.79% 32.79% 32.79% 32.79% 32.79% 32.79% 32.79% 32.79%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 1.17%
65.75% 65.75% 67.17% 67.17% 67.17% 67.17% 67.17% 67.16% 67.17% 67.17% 67.17% 66.02%
No. of Shareholders 14,77214,99716,02118,17823,82424,77324,49224,20424,01923,27123,07622,440

* 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.

Click on the line-items to see the names of individual entities.

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