MPS Ltd

MPS Ltd

₹ 1,636 0.81%
24 Apr 2:20 p.m.
About

MPS is a B2B learning and platform solutions company powering education, and research for corporates. MPS has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML.

Key Points

Business Segments[1]
1. Content Solutions (53% revenue share in Q1FY24)
It provides comprehensive content solutions from content creation to delivery across all media that help drive the competitiveness and differentiation of educational, academic, science, technical, medical, and professional publishers. Its key offerings are Content authoring, development, learning design, Digital transformation, etc.

  • Market Cap 2,798 Cr.
  • Current Price 1,636
  • High / Low 1,885 / 809
  • Stock P/E 26.4
  • Book Value 213
  • Dividend Yield 1.83 %
  • ROCE 33.7 %
  • ROE 25.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.2%

Cons

  • Stock is trading at 7.81 times its book value

* 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

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
76 81 74 73 72 65 69 77 75 77 80 80 84
49 55 49 48 46 39 46 45 45 42 46 46 48
Operating Profit 27 26 25 25 26 26 23 32 31 35 34 34 36
OPM % 36% 32% 34% 34% 36% 40% 33% 42% 41% 45% 43% 42% 43%
4 1 3 3 2 3 2 1 4 2 2 2 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 27 23 24 25 24 26 22 30 31 34 34 33 42
Tax % 44% 24% 28% 26% 29% 27% 27% 26% 25% 26% 27% 27% 23%
15 18 18 18 17 19 16 22 23 25 25 24 32
EPS in Rs 8.44 9.84 9.74 10.07 9.50 10.84 9.32 13.00 13.60 14.52 14.41 14.14 18.71
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
191 164 188 203 224 224 218 224 188 279 284 298 322
169 121 124 127 134 136 135 137 127 186 182 178 183
Operating Profit 22 43 65 76 90 87 83 86 60 93 102 120 139
OPM % 11% 26% 34% 37% 40% 39% 38% 39% 32% 33% 36% 40% 43%
5 5 7 18 18 18 25 26 18 9 11 9 15
Interest 1 1 0 0 0 0 0 0 1 1 1 1 1
Depreciation 11 7 5 5 4 5 8 6 7 12 13 12 11
Profit before tax 15 40 66 89 104 101 101 106 70 88 98 117 142
Tax % 25% 20% 34% 34% 32% 31% 32% 29% 24% 31% 27% 26%
11 32 43 59 71 69 68 75 53 61 71 86 106
EPS in Rs 6.47 18.98 25.86 31.53 37.88 37.14 36.64 40.15 28.35 33.53 41.78 50.44 61.78
Dividend Payout % 62% 53% 66% 70% 58% 0% 33% 62% 176% 0% 72% 40%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 17%
TTM: 13%
Compounded Profit Growth
10 Years: 10%
5 Years: 8%
3 Years: 22%
TTM: 32%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 38%
1 Year: 91%
Return on Equity
10 Years: 20%
5 Years: 18%
3 Years: 21%
Last Year: 25%

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 17 17 17 19 19 19 19 19 19 18 17 17 17
Reserves 53 66 76 235 256 326 393 441 323 341 309 335 347
5 5 0 0 0 0 0 0 11 12 11 7 5
29 29 24 25 23 24 27 23 17 67 63 47 55
Total Liabilities 104 116 117 278 298 368 439 483 370 438 400 406 424
26 22 19 22 24 26 31 26 30 83 80 74 72
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 12 18 28 177 193 253 331 308 195 130 122 131 134
65 76 70 80 81 90 78 150 144 225 198 201 219
Total Assets 104 116 117 278 298 368 439 483 370 438 400 406 424

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
7 32 42 50 50 50 70 43 49 77 81 75
-13 -7 -11 -150 -9 -50 -71 -13 147 -37 26 3
-9 -24 -34 104 -49 -0 -0 -27 -172 -49 -113 -69
Net Cash Flow -16 0 -2 3 -9 -1 -0 3 24 -9 -6 9

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 46 66 56 59 59 63 60 62 63 75 63 60
Inventory Days
Days Payable
Cash Conversion Cycle 46 66 56 59 59 63 60 62 63 75 63 60
Working Capital Days 27 40 28 37 44 69 67 109 128 52 48 73
ROCE % 23% 50% 74% 47% 34% 30% 23% 21% 16% 24% 28% 34%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.99% 67.99% 67.99% 68.34% 68.34% 68.34% 68.34% 68.34% 68.34% 68.34% 68.34% 68.34%
5.14% 5.34% 5.34% 5.31% 4.73% 4.45% 3.84% 3.95% 3.85% 3.80% 3.71% 3.70%
0.85% 1.19% 0.88% 0.70% 0.70% 0.60% 0.60% 0.60% 0.60% 0.60% 0.56% 0.48%
26.02% 25.48% 25.79% 25.65% 26.23% 26.61% 27.22% 26.42% 26.37% 26.42% 26.53% 26.61%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.70% 0.85% 0.85% 0.85% 0.85%
No. of Shareholders 12,81712,96922,24815,14314,71713,28013,57413,31013,60214,29915,73715,627

* 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.

Documents

Concalls