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Magna ElectroCasting share price

Magna Electro Castings Ltd.

BSE: 517449 SECTOR: Castings/Forgings  10k   27   1

457.00
0 0
BSE: 19 Apr 04:01 PM

Price Summary

Today's High

₹ 465

Today's Low

₹ 450

52 Week High

₹ 593.85

52 Week Low

₹ 303.45

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

193.41 Cr.

Enterprise Value

171.37 Cr.

No. of Shares

0.42 Cr.

P/E

14.04

P/B

1.86

Face Value

₹ 10

Div. Yield

0.66 %

Book Value (TTM)

₹  246.01

CASH

22.03 Cr.

DEBT

0 Cr.

Promoter Holding

53.38 %

EPS (TTM)

₹  32.54

Sales Growth

21.2%

ROE

19.83 %

ROCE

26.42%

Profit Growth

121.53 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year21.2%
3 Year19.57%
5 Year12.08%

Profit Growth

1 Year121.53%
3 Year36.81%
5 Year20.07%

ROE%

1 Year19.83%
3 Year12.44%
5 Year12.78%

ROCE %

1 Year26.42%
3 Year16.67%
5 Year16.93%

Debt/Equity

0

Price to Cash Flow

9.89

Interest Cover Ratio

68.1629866356769

CFO/PAT (5 Yr. Avg.)

0.913207672658723

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 53.38 0
Dec 2023 53.38 0
Sep 2023 53.38 0
Jun 2023 53.38 0
Mar 2023 53.38 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 36.8103391034487% for the Past 3 years.
  • The company has shown a good revenue growth of 19.5655633676216% for the Past 3 years.
  • The company has significantly decreased its debt by 4.9129 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 68.1629866356769.
  • Company’s PEG ratio is 0.115552767131495.
  • The company has an efficient Cash Conversion Cycle of 36.7166826120889 days.
  • Company has a healthy liquidity position with current ratio of 2.75697776251395.
  • The company has a high promoter holding of 53.38%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 38.63 36.82 35.39 36.81 35.15
Total Expenditure 32.54 32.26 29.62 31.12 29.5
Operating Profit 6.09 4.56 5.77 5.69 5.65
Other Income 0.33 0.8 0.33 0.44 0.33
Interest 0.06 0.06 0.07 0.01 0.07
Depreciation 1.26 1.43 1.04 1.09 1.08
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.1 3.87 4.99 5.04 4.84
Tax 1.28 1.12 1.27 1.27 1.31
Profit After Tax 3.81 2.75 3.73 3.77 3.53
Adjusted EPS (Rs) 9.01 6.5 8.8 8.91 8.34

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 122.92 96.32 97.81 135.84 164.64
Total Expenditure 105.14 85.49 87.76 122.21 138.97
Operating Profit 17.79 10.83 10.05 13.63 25.67
Other Income 2.95 2.15 1.21 1.63 3.29
Interest 0.29 0.12 0.08 0.32 0.34
Depreciation 5.43 4.36 4.17 4.59 5.5
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.02 8.5 7.01 10.35 23.12
Tax 3.62 1.81 1.84 2.62 6
Net Profit 11.4 6.69 5.18 7.73 17.12
Adjusted EPS (Rs.) 24.87 14.59 12.24 18.26 40.46

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 4.58 4.58 4.23 4.23 4.23
Total Reserves 66.21 68.92 67.11 74.08 90.13
Borrowings 0 0 0 0 0
Other N/C liabilities 3.05 3.22 2.88 2.46 2.02
Current liabilities 19.76 14.13 18.96 28.68 29.12
Total Liabilities 93.61 90.85 93.18 109.45 125.49
Assets
Net Block 31.5 31.53 29.61 30.87 38.87
Capital WIP 0.07 0 2.26 0.72 0.92
Intangible WIP 0 0 0 0 0
Investments 1.84 1.76 1.68 0 1.44
Loans & Advances 1.74 2.02 1.09 2.12 2.46
Other N/C Assets 0 0 0 1.61 1.53
Current Assets 58.47 55.55 58.52 74.13 80.28
Total Assets 93.61 90.85 93.18 109.45 125.49
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 15.02 8.5 7.01 10.35 23.12
Adjustment 5.15 3.95 3.56 4.22 3.19
Changes in Assets & Liabilities -9.35 -0.8 0.63 -13.32 -0.48
Tax Paid -3.76 -2.36 -1.97 -2.47 -6.26
Operating Cash Flow 7.05 9.3 9.23 -1.21 19.56
Investing Cash Flow -1.46 -3.53 -3.79 -3.14 -11.89
Financing Cash Flow -4.86 -4.33 -7.6 3.9 -6.34
Net Cash Flow 0.73 1.43 -2.16 -0.46 1.33

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 53.38 53.38 53.38 53.38 53.38
ajeya vel narayanaswamy 8.58 8.58 8.58 8.58 8.58
janardhana naidu vijayaku... 0.24 0.24 0.24 0.24 0.24
krishnasamraj n - - 2.04 2.04 2.04
mahitha vijayakumar 1.84 1.84 1.84 1.84 1.84
muthulakshmi n 10.68 10.68 - 10.68 10.68
n krishnasamaraj huf - - 18.19 18.19 18.19
nivedita lakshmi narayana... 5.43 5.43 5.43 5.43 5.43
ranganayaki n - - 5.32 5.32 5.32
vijayakumar venkatkumar 1.06 1.06 1.06 1.06 1.06
muthulakshmi n - - 10.68 - -
krishna samaraj n 2.04 2.04 - - -
n krishna samaraj (huf) 18.19 18.19 - - -
raganayaki n 5.32 5.32 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 46.62 46.62 46.62 46.62 46.62
elgi equipments limited 1.57 1.57 1.57 1.57 1.57
investor education and pr... - - 2.24 - 2.39
llp - 0.09 1.46 0.97 0.91
investor education and pr... - 2.25 - 2.39 -
investor education and pr... 2.27 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Magna Electro Castings informs about certificate12 Apr 2024, 5:22PM Magna Electro Castings informs about certificate5 Apr 2024, 4:53PM Magna ElectroCasting - Quaterly Results5 Feb 2024, 12:15PM Magna ElectroCasting - Quaterly Results5 Feb 2024, 12:15PM Magna ElectroCasting - Quaterly Results5 Feb 2024, 12:15PM Magna Electro Castings informs about resumption of operations3 Jan 2024, 10:02AM Magna Electro Castings informs about temporary shutdown of plant 1 Jan 2024, 10:47AM Magna Electro Castings informs about outcome of board meeting1 Nov 2023, 2:50PM Magna Electro Castings informs about outcome of board meeting1 Nov 2023, 1:57PM Magna ElectroCasting - Quaterly Results1 Nov 2023, 12:16PM Magna ElectroCasting - Quaterly Results1 Nov 2023, 12:16PM Magna ElectroCasting - Quaterly Results1 Nov 2023, 12:16PM Magna Electro Castings informs about commencement of production 30 Oct 2023, 12:29PM Magna Electro Castings informs about board meeting 4 Oct 2023, 5:12PM Magna Electro Castings informs about scrutinizers report28 Aug 2023, 2:35PM Magna Electro Castings informs about outcome of board meeting7 Aug 2023, 3:17PM Magna ElectroCasting - Quaterly Results7 Aug 2023, 12:31PM Magna ElectroCasting - Quaterly Results7 Aug 2023, 12:31PM Magna ElectroCasting - Quaterly Results7 Aug 2023, 12:31PM Magna Electro Castings informs about board meeting21 Jul 2023, 2:30PM Magna Electro Castings informs about AGM 17 Jul 2023, 4:00PM Magna Electro Castings submits compliance certificate 10 Jul 2023, 2:50PM Magna Electro Castings informs about loss of share certificates9 Jun 2023, 4:46PM Magna Electro Castings submits annual secretarial compliance report30 May 2023, 3:50PM Magna Electro Castings informs about compliance certificate 10 Apr 2023, 5:10PM Magna Electro Castings informs about closure of trading window18 Mar 2023, 11:49AM Magna Electro Castings informs about board meeting18 Mar 2023, 10:46AM Magna ElectroCasting - Quaterly Results31 Jan 2023, 12:38PM Magna ElectroCasting - Quaterly Results31 Jan 2023, 12:38PM Magna ElectroCasting - Quaterly Results31 Jan 2023, 12:38PM Magna Electro Castings informs about issuance of duplicate share certificate19 Jan 2023, 4:08PM Magna Electro Castings informs about certificate 10 Jan 2023, 12:02PM Magna Electro Castings informs about disclosure 27 Dec 2022, 4:44PM Magna Electro Castings informs about loss of share certificate 20 Dec 2022, 12:29PM Magna ElectroCasting - Quaterly Results9 Nov 2022, 12:22PM Magna ElectroCasting - Quaterly Results9 Nov 2022, 12:22PM Magna ElectroCasting - Quaterly Results9 Nov 2022, 12:22PM Magna ElectroCasting - Quaterly Results8 Aug 2022, 12:55PM Magna ElectroCasting - Quaterly Results8 Aug 2022, 12:55PM Magna ElectroCasting - Quaterly Results8 Aug 2022, 12:55PM Magna Electro Castings informs about board meeting26 Jul 2022, 10:43AM Magna Electro Castings informs about 32nd AGM20 Jul 2022, 12:52PM Magna Electro Castings informs about annual report20 Jul 2022, 9:42AM Magna Electro Castings informs about disclosure10 Jun 2022, 2:26PM Magna Electro Castings inks pact to acquire 7.8% stake in First Energy TN 114 May 2022, 9:43AM Magna Electro Castings informs about disclosure9 Mar 2022, 10:00AM Magna Electro Castings informs about disclosure9 Mar 2022, 9:53AM Magna Electro Castings informs about loss of share certificate3 Feb 2022, 12:59PM Magna ElectroCasting - Quaterly Results31 Jan 2022, 12:49PM Magna ElectroCasting - Quaterly Results31 Jan 2022, 12:49PM

Magna ElectroCasting Stock Price Analysis and Quick Research Report. Is Magna ElectroCasting an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Magna ElectroCasting has a PE ratio of 14.0435195456906 which is low and comparatively undervalued .

  • Share Price: - The current share price of Magna ElectroCasting is Rs 457. One can use valuation calculators of ticker to know if Magna ElectroCasting share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Magna ElectroCasting has ROA of 14.575351981092 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Magna ElectroCasting has a Current ratio of 2.75697776251395 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Magna ElectroCasting has a ROE of 19.8321099190664 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Magna ElectroCasting has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Magna ElectroCasting has an Inventory turnover ratio of 15.7854372701953 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Magna ElectroCasting has reported revenue growth of 21.2031913922515 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Magna ElectroCasting for the current financial year is 15.5925339021604 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Magna ElectroCasting is Rs 3 and the yield is 0.6565 %.

Last Updated on:
Brief about Magna ElectroCasting
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