Metalyst Forgings Ltd

Metalyst Forgings Ltd

₹ 4.97 4.85%
24 Apr 3:10 p.m.
About

Incorporated in 1977, Metalyst Forgings Ltd manufactures automotive components viz. front axle beam, crankshaft, and other small and medium components[1]

Key Points

Business Overview:[1][2]
Company manufactures engineered forging components viz. hot forged parts and high tensile fasteners for automotive and non-automotive segments for two/three wheelers, cars, tractors, light commercial vehicles (LCV), heavy commercial vehicles (HCV) and stationary engines

  • Market Cap 21.6 Cr.
  • Current Price 4.97
  • High / Low 5.40 / 2.45
  • Stock P/E
  • Book Value -580
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Debtor days have improved from 151 to 54.4 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.89% over past five years.

* 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

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
11 39 60 64 49 61 61 60 69 72 58 63 67
17 51 57 122 51 59 60 63 67 68 59 64 67
Operating Profit -6 -12 2 -58 -2 2 1 -3 2 3 -1 -0 -0
OPM % -58% -29% 4% -91% -4% 3% 2% -4% 3% 5% -1% -1% -1%
-24 1 0 -319 0 0 0 0 0 -73 0 0 0
Interest 0 0 0 -1 0 0 0 0 0 0 0 0 0
Depreciation 63 63 63 63 62 63 62 62 61 61 61 61 61
Profit before tax -94 -74 -61 -439 -65 -61 -62 -65 -60 -131 -62 -61 -62
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-94 -74 -61 -439 -65 -61 -62 -65 -60 -131 -62 -61 -62
EPS in Rs -21.51 -17.05 -14.01 -100.83 -14.89 -13.97 -14.12 -14.98 -13.70 -30.09 -14.19 -14.10 -14.15
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,214 1,718 2,395 2,345 869 1,106 374 380 188 174 231 262 260
919 1,302 1,796 1,848 682 581 374 369 237 248 232 257 258
Operating Profit 295 416 599 496 187 526 0 11 -49 -74 -1 5 2
OPM % 24% 24% 25% 21% 22% 48% 0% 3% -26% -42% -1% 2% 1%
4 43 20 -19 -207 -440 -412 1 1 -342 1 -73 -73
Interest 67 105 199 368 198 408 342 27 2 0 1 2 1
Depreciation 61 98 137 190 142 573 260 255 254 252 250 244 243
Profit before tax 171 257 282 -81 -360 -896 -1,013 -271 -303 -668 -252 -314 -316
Tax % 29% 33% 32% 33% 24% 28% 8% -8% 0% 0% 0% 0%
121 173 193 -54 -273 -645 -930 -292 -303 -668 -252 -314 -316
EPS in Rs 32.89 47.15 52.54 -14.66 -74.26 -158.29 -213.59 -67.13 -69.67 -153.39 -57.97 -72.07 -72.53
Dividend Payout % 3% 2% 2% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: -7%
3 Years: 12%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 6%
TTM: 2%
Stock Price CAGR
10 Years: -29%
5 Years: -13%
3 Years: -6%
1 Year: 14%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Jun 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 37 37 37 37 37 41 44 44 44 44 44 44
Reserves 702 931 1,059 1,044 774 129 -775 -1,067 -1,369 -2,002 -2,255 -2,569
Preference Capital 0 0 0 1 0 41 42 42 43 9 10 12
670 2,134 2,563 2,861 2,767 1,141 1,290 1,289 1,634 1,634 1,634 1,634
370 453 553 873 1,029 2,891 3,096 3,109 2,753 2,714 2,710 2,712
Total Liabilities 1,778 3,554 4,212 4,814 4,607 4,202 3,654 3,375 3,062 2,390 2,132 1,821
968 1,992 2,773 2,679 2,578 2,748 2,512 2,258 2,005 1,749 1,499 1,255
CWIP 45 707 147 115 145 95 138 138 138 138 139 141
Investments 1 1 1 347 347 347 347 347 347 0 0 0
764 854 1,291 1,673 1,536 1,011 657 632 571 503 494 425
Total Assets 1,778 3,554 4,212 4,814 4,607 4,202 3,654 3,375 3,062 2,390 2,132 1,821

Cash Flows

Figures in Rs. Crores

Jun 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
257 635 331 745 158 709 57 -1 0 -7 -2 -2
-212 -1,642 -339 -400 -58 -690 -66 -1 2 1 2 1
-18 1,171 -96 -436 -99 -34 -4 6 -0 -0 -0 0
Net Cash Flow 28 164 -104 -91 1 -15 -13 5 2 -6 -0 -1

Ratios

Figures in Rs. Crores

Jun 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 85 56 78 90 157 75 200 199 301 227 172 54
Inventory Days 122 99 139 228 576 129 174 179 355 325 225 194
Days Payable 44 31 29 20 70 53 197 206 383 411 289 255
Cash Conversion Cycle 163 124 188 297 663 151 177 172 272 142 107 -6
Working Capital Days 97 48 53 128 227 -530 -2,214 -2,196 -4,707 -5,213 -3,935 -3,563
ROCE % 19% 16% 14% 8% 2% -2% -27% -54% -91% -1,754%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32% 61.32%
0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.66% 38.66% 38.66% 38.66% 38.66% 38.67% 38.67% 38.68% 38.67% 38.67% 38.67% 38.67%
No. of Shareholders 18,16818,21518,62319,44719,29619,08718,88918,65518,52518,52518,15818,054

* 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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