MMTC Ltd
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons. [1]
- Market Cap ₹ 7,683 Cr.
- Current Price ₹ 51.2
- High / Low ₹ 89.2 / 26.3
- Stock P/E 56.9
- Book Value ₹ 9.64
- Dividend Yield 0.00 %
- ROCE 23.0 %
- ROE 49.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 48.1% CAGR over last 5 years
Cons
- Stock is trading at 5.31 times its book value
- The company has delivered a poor sales growth of -26.5% over past five years.
- Earnings include an other income of Rs.265 Cr.
- Debtor days have increased from 21.5 to 41.9 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
67,022 | 32,885 | 28,142 | 23,931 | 12,607 | 11,825 | 16,450 | 29,439 | 26,304 | 30,000 | 11,795 | 3,527 | 1,475 | |
66,974 | 32,808 | 28,001 | 23,931 | 12,668 | 11,937 | 16,428 | 29,256 | 26,436 | 30,045 | 11,338 | 3,634 | 1,624 | |
Operating Profit | 48 | 78 | 141 | 0 | -62 | -112 | 23 | 183 | -132 | -45 | 457 | -107 | -148 |
OPM % | 0% | 0% | 0% | 0% | -0% | -1% | 0% | 1% | -0% | -0% | 4% | -3% | -10% |
608 | 77 | 31 | 168 | 5 | 136 | 49 | 36 | -8 | -859 | -126 | 2,000 | 265 | |
Interest | 593 | 253 | 87 | 40 | 31 | 23 | 18 | 68 | 144 | 203 | 225 | 122 | 1 |
Depreciation | 14 | 17 | 17 | 24 | 6 | 7 | 5 | 6 | 6 | 6 | 5 | 5 | 5 |
Profit before tax | 49 | -116 | 67 | 105 | -94 | -6 | 48 | 146 | -291 | -1,112 | 101 | 1,766 | 110 |
Tax % | 13% | 46% | 11% | 26% | -3% | -435% | 21% | 25% | -0% | 29% | 355% | 12% | |
57 | -111 | -18 | -42 | -97 | -30 | 38 | 109 | -292 | -789 | -258 | 1,562 | 174 | |
EPS in Rs | 0.38 | -0.74 | -0.12 | -0.28 | -0.64 | -0.20 | 0.25 | 0.72 | -1.94 | -5.26 | -1.72 | 10.42 | 1.17 |
Dividend Payout % | 44% | -9% | -83% | -59% | -31% | -101% | 80% | 41% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -20% |
5 Years: | -27% |
3 Years: | -49% |
TTM: | -78% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 48% |
3 Years: | 48% |
TTM: | -55% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 13% |
3 Years: | 38% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 49% |
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 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 150 | 150 | 150 | 150 | 150 | 150 |
Reserves | 1,596 | 1,392 | 1,350 | 1,264 | 1,168 | 1,101 | 1,103 | 1,119 | 733 | -50 | -298 | 1,262 | 1,297 |
3,558 | 1,679 | 558 | 436 | 273 | 440 | 519 | 961 | 3,850 | 2,422 | 2,626 | 203 | 26 | |
5,581 | 3,726 | 3,050 | 4,499 | 2,117 | 4,207 | 3,450 | 2,150 | 1,677 | 2,952 | 2,306 | 2,064 | 1,940 | |
Total Liabilities | 10,835 | 6,897 | 5,058 | 6,300 | 3,659 | 5,848 | 5,172 | 4,380 | 6,410 | 5,474 | 4,783 | 3,678 | 3,413 |
151 | 164 | 146 | 122 | 57 | 57 | 52 | 49 | 49 | 42 | 38 | 34 | 29 | |
CWIP | 118 | 126 | 142 | 153 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 608 | 473 | 432 | 275 | 214 | 247 | 128 | 147 | 80 | 82 | 102 | 127 | 194 |
9,959 | 6,135 | 4,338 | 5,749 | 3,386 | 5,544 | 4,992 | 4,184 | 6,282 | 5,350 | 4,643 | 3,517 | 3,190 | |
Total Assets | 10,835 | 6,897 | 5,058 | 6,300 | 3,659 | 5,848 | 5,172 | 4,380 | 6,410 | 5,474 | 4,783 | 3,678 | 3,413 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1,242 | 681 | 71 | -178 | -54 | 273 | -455 | -367 | -2,588 | 1,704 | -0 | 754 | |
642 | 250 | 127 | 85 | 87 | -68 | 117 | 9 | -58 | 11 | 3 | 1,959 | |
-3,286 | -2,158 | -1,217 | -178 | -119 | 110 | 26 | 339 | 2,689 | -1,634 | -5 | -2,547 | |
Net Cash Flow | -3,886 | -1,228 | -1,019 | -271 | -86 | 315 | -312 | -19 | 42 | 80 | -3 | 166 |
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 | 15 | 21 | 23 | 46 | 24 | 16 | 8 | 5 | 28 | 10 | 12 | 42 |
Inventory Days | 5 | 11 | 4 | 5 | 13 | 78 | 41 | 4 | 3 | 1 | 1 | 0 |
Days Payable | 19 | 29 | 21 | 53 | 29 | 23 | 25 | 15 | 10 | 13 | 18 | 37 |
Cash Conversion Cycle | 2 | 3 | 6 | -1 | 7 | 71 | 23 | -6 | 22 | -2 | -5 | 5 |
Working Capital Days | 8 | 7 | 7 | 10 | 22 | 17 | 28 | 22 | 57 | 19 | 58 | -8 |
ROCE % | 11% | 9% | 14% | 6% | -8% | -5% | 4% | 11% | -3% | -1% | 19% | 23% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of AGM 22 Nov
- Unaudited Financial Results For The Quarter Ended 30Th September,2023. 14 Nov
- Board Meeting Intimation for 479Th Meeting Of The Board Of MMTC Limited 8 Nov
- Newspaper Clipping- 'Sixth Annual General Meeting And "Information On E-Voting" And Other Related Information. 31 Oct
- Winding Up Order Of Wholly Owned Subsidiary MTPL Singapore By Hon''ble High Court Of Singapore 31 Oct
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
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Financial Year 2010
from bse
Business Verticals
Agro Products: The Co is an established supplier/buyer having over 3 decades of experience in the trade of wheat, rice, maize, sugar etc. [1]
Fertilizers: It is engaged in import of finished, intermediate and raw fertilizers and handles about 3 to 4 million tonnes of fertilizers. [2]
Metals & Industrial Raw Materials: Trading of non ferrous metals like copper, zinc etc and Industrial Raw Materials like Brown Fused Alumina, White Fused Alumina, Ferroalloys etc. [3]
Minerals: Trading of Iron ore Fines & Lumps, Chrome Ore, Chrome Concentrate, Manganese Ore and other items. [4]
Precious Metals: The Co is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones. [5]