Midas Infra Trade Ltd

Midas Infra Tra. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Midas Infra Trade Ltd

₹ 1.15 -3.36%
13 Jun 2022
associatedfinleaseltd.com
About

Business Overview
Midas Infra Trade Ltd is engaged in the business of manufacturing, sale, and trading of jewelry in India. Rajnish Chopra is the Managing Director of the co. [1][2]

Key Points

Product Portfolio: Gold, diamond, Polki, and other jewelry. [1]

Revenue in FY20
Jewellery Business: 100% [2][3]

Change in KMP
Mr. Deepak Kumar has resigned from the post of Chief Financial Officer (CFO), he has been replaced by Mr. Murari Lal. [4][5]

Outlook
The co. is focusing on growing in the wedding and high-value diamond segment, and expanding in the jewelry segment [6]

Highlights.
Midas Infra Trade Limited has executed Master Franchisee Agreement for a period of 21 years with Sunar Gold Refineries Private Limited for its brand by acquiring the business of HDC Private Limited, a famous Jewellery Brand in Delhi and NCR, and opening and operating a chain of showrooms under the brand name [7][8]

Website
  • Market Cap ₹ 14.3 Cr.
  • Current Price ₹ 1.15
  • High / Low ₹ /
  • Stock P/E 238
  • Book Value ₹ 1.16
  • Dividend Yield 0.00 %
  • ROCE 0.21 %
  • ROE 0.42 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.37% over last 3 years.
  • Company has high debtors of 215 days.
  • Working capital days have increased from 5,985 days to 15,824 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.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Interest
Financing Profit
Financing Margin %
Depreciation
Profit before tax
Tax %
EPS in Rs
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016
1.54 3.36 3.08 0.17
Interest 0.00 0.00 0.00 0.01
1.56 3.37 3.23 0.28
Financing Profit -0.02 -0.01 -0.15 -0.12
Financing Margin % -1.30% -0.30% -4.87% -70.59%
0.03 0.02 0.14 0.18
Depreciation 0.00 0.00 0.01 0.04
Profit before tax 0.01 0.01 -0.02 0.02
Tax % 0.00% 0.00% -2,300.00% -200.00%
0.00 0.01 0.44 0.06
EPS in Rs 0.00 0.00 0.04 0.00
Dividend Payout % 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -52%
TTM: -94%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -86%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 5.03 12.20 12.20 12.20
Reserves -0.31 1.49 1.93 2.01
Borrowing 0.00 0.03 0.10 0.06
0.04 0.01 3.67 0.64
Total Liabilities 4.76 13.73 17.90 14.91
0.00 0.00 3.12 3.16
CWIP 0.00 0.00 0.00 0.00
Investments 2.08 3.68 2.18 2.36
2.68 10.05 12.60 9.39
Total Assets 4.76 13.73 17.90 14.91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016
-6.92 2.28 -0.04
-1.67 -1.63 -0.24
8.99 0.07 -0.04
Net Cash Flow 0.40 0.72 -0.32
Free Cash Flow -6.92 -0.84 -0.12
CFO/OP 69,200% -1,520% 36%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016
ROE % 0.00% 0.11% 3.16% 0.42%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue from Operations (Jewellery Business)
INR Lakhs ・Standalone data

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Geographic Presence
Cities/Regions ・Standalone data
Inventory Value (Finished Goods)
INR Lakhs ・Standalone data
Jewelry Product Contribution to Revenue
Percentage ・Standalone data
Number of Full-time Employees
Number ・Standalone data

Shareholding Pattern

Numbers in percentages

Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021
1.82% 1.82% 1.82% 1.82% 1.82% 1.82% 1.79% 1.79% 1.81% 1.79% 1.81% 1.81%
0.48% 0.48% 0.48% 0.48% 0.48% 0.48% 7.29% 7.29% 0.48% 7.29% 0.48% 0.48%
97.70% 97.70% 97.70% 97.70% 97.70% 97.69% 90.92% 90.92% 97.71% 90.92% 97.71% 97.71%
No. of Shareholders 2,0892,0942,0942,0992,0892,1122,1102,1102,1752,1102,3262,852

* 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

Annual reports