Mercator Ltd

Mercator Ltd

₹ 0.85 0.00%
10 Mar 2023
About

Mercator Ltd along with its subsidiaries is a diversified group engaged in shipping, gas, coal mining and E&P activities. It commenced business as a shipping company in 1984 and has over the years, through its subsidiaries, diversified into various other sectors like coal mining and logistics, E&P and dredging. [1]

Key Points

Segment Revenue in FY21
Coal Mining, Trading and Logistics - 98% vs (78% in FY 20)
Shipping & Dredging - 2% vs (21% in FY 20)
Revenue in FY21 decreased drastically mainly due to decrease in revenue of Shipping business from 132 Cr in FY20 to 7 Cr in FY21 [1]

  • Market Cap 25.7 Cr.
  • Current Price 0.85
  • High / Low /
  • Stock P/E 16.7
  • Book Value -32.3
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Promoter holding is low: 3.01%
  • Contingent liabilities of Rs.763 Cr.
  • Promoters have pledged 98.9% of their holding.
  • Earnings include an other income of Rs.12.3 Cr.
  • Promoter holding has decreased over last 3 years: -7.98%

* 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: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
4.95 -1.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
12.76 0.62 3.20 -1.58 3.37 3.37 2.98 3.08 2.92 2.78 2.64 2.59 2.66
Operating Profit -7.81 -2.07 -3.20 1.58 -3.37 -3.37 -2.98 -3.08 -2.92 -2.78 -2.64 -2.59 -2.66
OPM % -157.78%
5.18 1.95 3.12 3.16 3.12 3.29 3.04 3.15 3.12 3.06 3.04 3.11 3.12
Interest 55.74 58.42 0.00 0.08 0.08 0.00 0.02 0.03 0.04 0.04 0.01 0.00 0.00
Depreciation 0.03 0.03 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax -58.40 -58.57 -0.10 4.64 -0.36 -0.10 0.02 0.02 0.14 0.22 0.37 0.50 0.44
Tax % 0.00% -15.96% 1,120.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-58.40 -67.92 1.02 4.64 -0.36 -0.10 0.02 0.02 0.14 0.22 0.38 0.50 0.44
EPS in Rs -1.93 -2.25 0.03 0.15 -0.01 -0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
547.98 551.49 497.04 659.42 588.64 538.33 405.67 311.96 132.16 6.86 0.00 0.00 0.00
463.87 539.98 372.30 465.26 365.41 344.11 311.32 393.17 196.41 31.77 8.27 11.76 10.67
Operating Profit 84.11 11.51 124.74 194.16 223.23 194.22 94.35 -81.21 -64.25 -24.91 -8.27 -11.76 -10.67
OPM % 15.35% 2.09% 25.10% 29.44% 37.92% 36.08% 23.26% -26.03% -48.62% -363.12%
72.69 14.39 26.57 20.66 22.62 20.40 4.82 -178.27 -699.89 31.39 12.60 12.38 12.33
Interest 152.97 132.69 73.08 70.89 92.83 96.90 104.23 116.92 220.13 210.12 0.15 0.13 0.05
Depreciation 119.00 109.16 67.52 92.38 127.24 147.27 137.76 123.72 41.05 0.13 0.10 0.08 0.08
Profit before tax -115.17 -215.95 10.71 51.55 25.78 -29.55 -142.82 -500.12 -1,025.32 -203.77 4.08 0.41 1.53
Tax % -3.04% -0.69% 14.01% 3.88% 3.88% -3.38% -29.53% -2.27% -0.04% -4.59% -27.45% 0.00%
-118.67 -217.44 9.21 49.55 24.78 -30.55 -184.99 -511.45 -1,025.77 -213.11 5.21 0.41 1.54
EPS in Rs -4.85 -8.88 0.38 2.02 1.01 -1.13 -6.12 -16.91 -33.91 -7.05 0.17 0.01 0.05
Dividend Payout % 0.00% 0.00% 26.59% 9.88% 9.88% -4.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: 26%
TTM: 1825%
Stock Price CAGR
10 Years: -31%
5 Years: -13%
3 Years: -20%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 24.49 24.49 24.49 24.49 24.49 26.99 30.25 30.25 30.25 30.25 30.25 30.25 30.25
Reserves 849.11 645.43 639.59 676.50 727.47 794.62 741.16 222.65 -801.51 -1,014.62 -1,009.40 -1,008.99 -1,008.12
1,209.50 781.14 881.14 932.03 993.14 1,014.06 952.76 1,196.30 962.25 964.05 942.92 942.92 225.37
197.51 611.04 147.17 170.04 140.65 219.27 217.86 139.20 243.21 420.73 419.25 418.03 1,135.80
Total Liabilities 2,280.61 2,062.10 1,692.39 1,803.06 1,885.75 2,054.94 1,942.03 1,588.40 434.20 400.41 383.02 382.21 383.30
1,634.83 1,233.49 923.43 972.11 1,152.28 1,055.03 847.17 452.80 16.85 7.90 0.77 0.69 0.65
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 6.42 0.00 0.00 0.00 0.00 0.00 0.00
Investments 4.75 4.05 3.14 16.56 35.88 46.46 74.97 474.48 63.65 63.65 63.65 63.65 63.65
641.03 824.56 765.82 814.39 697.59 953.45 1,013.47 661.12 353.70 328.86 318.60 317.87 319.00
Total Assets 2,280.61 2,062.10 1,692.39 1,803.06 1,885.75 2,054.94 1,942.03 1,588.40 434.20 400.41 383.02 382.21 383.30

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.76 71.00 131.91 155.44 292.35 187.72 132.33 -24.44 8.26 7.85 -4.06 -2.21
796.69 670.06 -270.94 -71.54 -299.68 -174.76 -91.53 56.96 103.63 -5.84 26.54 1.57
-843.41 -626.85 7.96 -49.26 -42.43 17.91 -58.81 -43.55 -118.42 -1.37 -21.69 -1.45
Net Cash Flow -43.96 114.21 -131.07 34.65 -49.76 30.87 -18.01 -11.03 -6.53 0.64 0.78 -2.09

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 132.52 138.10 136.88 132.72 103.89 116.08 146.05 79.22 126.90 2,222.99
Inventory Days
Days Payable
Cash Conversion Cycle 132.52 138.10 136.88 132.72 103.89 116.08 146.05 79.22 126.90 2,222.99
Working Capital Days -36.86 -195.12 -17.04 82.57 -21.71 19.91 -5.88 27.58 -1,961.41 -47,548.97
ROCE % 1.70% -4.12% 5.63% 7.72% 7.02% 4.33% -0.06% -8.09% -10.53% 10.09%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
10.83% 7.11% 7.11% 6.84% 6.84% 6.84% 4.45% 4.45% 4.45% 4.45% 3.01% 3.01%
3.74% 3.21% 3.21% 0.00% 0.00% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00%
0.03% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
85.40% 89.66% 89.66% 93.16% 93.16% 93.16% 95.53% 95.51% 95.55% 95.54% 96.99% 96.99%
No. of Shareholders 83,94787,70190,14895,0401,09,3481,08,9831,07,6441,06,6421,05,7251,05,71046,59146,525

* 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.

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Documents

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