MCON Rasayan India Ltd

MCON Rasayan India Ltd

₹ 116 -3.42%
28 Mar - close price
About

Incorporated in 2016, MCON Rasayan India is in the business of manufacturing, marketing, and selling modern building materials and construction chemicals.[1]

Key Points

Business Area[1] Company has a suite of 80+ products including a range of construction materials and construction chemicals in powder and liquid forms including Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts, and Floor hardeners.

  • Market Cap 73.1 Cr.
  • Current Price 116
  • High / Low 179 / 49.9
  • Stock P/E 46.8
  • Book Value 22.9
  • Dividend Yield 0.00 %
  • ROCE 14.5 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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: Paints/Varnish Industry: Paints / Varnishes

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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023
11.72 13.04 18.01 17.25
10.92 11.65 16.71 15.23
Operating Profit 0.80 1.39 1.30 2.02
OPM % 6.83% 10.66% 7.22% 11.71%
0.00 0.00 0.01 0.27
Interest 0.20 0.28 0.50 0.45
Depreciation 0.17 0.21 0.17 0.38
Profit before tax 0.43 0.90 0.64 1.46
Tax % 25.58% 26.67% 26.56% 25.34%
0.32 0.67 0.47 1.09
EPS in Rs 2.13 3.57 0.75 1.73
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6.98 8.97 8.97 19.22 31.00 35.26
6.43 8.23 8.06 17.79 28.32 31.94
Operating Profit 0.55 0.74 0.91 1.43 2.68 3.32
OPM % 7.88% 8.25% 10.14% 7.44% 8.65% 9.42%
0.04 0.00 0.02 0.01 0.01 0.28
Interest 0.25 0.32 0.40 0.43 0.78 0.95
Depreciation 0.21 0.30 0.28 0.32 0.38 0.55
Profit before tax 0.13 0.12 0.25 0.69 1.53 2.10
Tax % 23.08% 25.00% 28.00% 27.54% 26.14%
0.09 0.09 0.19 0.50 1.14 1.56
EPS in Rs 1.80 0.89 1.27 3.33 1.81 2.48
Dividend Payout % 0.00% 0.00% 7.89% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 51%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 132%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 132%
Return on Equity
10 Years: %
5 Years: %
3 Years: 16%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.50 1.01 1.50 1.50 6.30 6.30
Reserves 0.11 0.20 0.28 0.90 7.07 8.16
2.78 3.22 3.47 7.40 8.47 11.28
5.65 3.35 3.07 4.65 8.47 8.83
Total Liabilities 9.04 7.78 8.32 14.45 30.31 34.57
1.49 0.00 1.29 1.34 1.13 10.37
CWIP 0.00 0.00 0.00 1.17 5.69 1.56
Investments 0.00 0.00 0.00 0.00 0.00 0.00
7.55 7.78 7.03 11.94 23.49 22.64
Total Assets 9.04 7.78 8.32 14.45 30.31 34.57

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.03 -0.04 -0.02 -1.97 -5.26
-0.60 -0.11 -0.29 -1.49 -4.68
0.66 0.13 0.34 3.50 10.12
Net Cash Flow 0.03 -0.02 0.03 0.03 0.19

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 322.64 128.18 146.90 97.99 120.92
Inventory Days 83.45 118.22 225.55 161.11 150.31
Days Payable 499.81 263.18 238.65 145.48 160.39
Cash Conversion Cycle -93.71 -16.79 133.79 113.62 110.84
Working Capital Days 28.24 118.82 157.88 134.07 150.71
ROCE % 11.25% 13.43% 14.88% 14.54%

Shareholding Pattern

Numbers in percentages

Mar 2023Sep 2023
66.65% 66.65%
33.35% 33.35%
No. of Shareholders 382295

Documents