MPS Ltd - Stock Valuation and Financial Performance

BSE: 532440 | NSE: MPSLTD | Printing And Publishing | Small Cap

MPS Share Price

1,540.15 -11.55 -0.74%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on MPS

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

MPS stock performance -

mw4me loader
P/E Ratio (SA):
24.79
Market Cap:
2,619.3 Cr.
52-wk low:
809.3
52-wk high:
1,884.2

Is MPS Ltd an attractive stock to invest in?

1. Is MPS Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that MPS Ltd is a good quality company.

2. Is MPS Ltd undervalued or overvalued?

The key valuation ratios of MPS Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is MPS Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of MPS Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MPS:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
MPS Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 51%28.4%22.2%20.5%14.5%14.9%11.7%17.2%20.3%26%-
Value Creation
Index
2.61.00.60.50.00.1-0.20.20.50.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 188203224224218224188279284298322
Sales YoY Gr.-7.9%10.3%-0.2%-2.3%2.6%-16.2%48.7%1.8%4.9%-
Adj EPS 27.126.331.53429.534.724.732.940.251.261.8
YoY Gr.--2.9%19.6%8%-13.3%17.7%-28.7%33.1%22%27.4%-
BVPS (₹) 55.1136.2147.6185221.3246.9183.6198.7190.6205.8231.7
Adj Net
Profit
45.64958.663.354.964.646.159.568.787.5106
Cash Flow from Ops. 42.549.950.249.770.24348.876.981.274.8-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.2%6.4%16.7%4.9%
Adj EPS 7.3%11.7%27.4%27.4%
BVPS15.8%-1.4%3.9%8%
Share Price 15.5% 26.3% 52.1% 47.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
52.128.322.220.514.514.811.51720.125.828.2
Op. Profit
Mgn %
35.437.439.439.138.139.132.233.335.841.143.3
Net Profit
Mgn %
24.224.126.228.325.228.924.521.324.229.432.8
Debt to
Equity
0000000000-
Working Cap
Days
121114200242253358483393465444111
Cash Conv.
Cycle
7172939394055216980

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.20%

Sales growth is growing at healthy rate in last 3 years 16.67%

Net Profit is growing at healthy rate in last 3 years 27.41%

Sales growth is good in last 4 quarters at 12.93%

No data to display

Latest Financials - MPS Ltd.

Standalone Consolidated
TTM EPS (₹) 61.8 71.4
TTM Sales (₹ Cr.) 322 523
BVPS (₹.) 231.7 281.7
Reserves (₹ Cr.) 379 465
P/BV 6.61 5.44
PE 24.79 21.44
From the Market
52 Week Low / High (₹) 809.30 / 1884.20
All Time Low / High (₹) 27.25 / 1884.20
Market Cap (₹ Cr.) 2,619
Equity (₹ Cr.) 17.1
Face Value (₹) 10
Industry PE 13.7

Management X-Ray of MPS:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales188203224224218224188279284298
Operating Expenses 125127136136135138128186182178
Manufacturing Costs20222121222620392725
Material Costs0000000000
Employee Cost 78859194918689114120120
Other Costs 27212421222519333532
Operating Profit 6376888783866093102120
Operating Profit Margin (%) 33.7%37.3%39.3%39.1%38.1%38.6%32.0%33.3%35.8%40.3%
Other Income 81120182526189119
Interest 0000001111
Depreciation 5545867121312
Exceptional Items 0800000000
Profit Before Tax 6689104101101106708898117
Tax 23303331323117272730
Profit After Tax 43597169687553617186
PAT Margin (%) 23.1%28.9%31.5%30.9%31.2%33.4%28.1%21.7%25.2%29.0%
Adjusted EPS (₹)25.831.537.937.136.640.228.333.541.850.4
Dividend Payout Ratio (%)66%70%58%0%33%62%176%0%72%40%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 93254275344412460342359326352
Share Capital 17191919191919181717
Reserves 76235256326393441323341309335
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables141087954322420
Others Liabilities 101511848128157160230261266
Total Liabilities 116278401400549622506621611638

Fixed Assets

Gross Block75778029414252117121129
Accumulated Depreciation5755565111823354256
Net Fixed Assets19222424292529827973
CWIP 0000000000
Investments 28177193254332309196130122131
Inventories0000000000
Trade Receivables29333639363832574949
Cash Equivalents 10134333439494573
Others Assets313414379148217209303317312
Total Assets 116278401400549622506621611638

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 43505050704349778175
PBT 6689104101101106708898117
Adjustment 4-5-9-10-11-20-4794
Changes in Working Capital -8-8-8-811-12216-17
Tax Paid -19-26-37-32-30-30-19-20-32-29
Cash Flow From Investing Activity -11-150-10-50-71-13147-34253
Capex -2-3-70-7-2-1-6-4-3
Net Investments 0-149-3-59-72108139-532114
Others -91087-12010258-9
Cash Flow From Financing Activity -34104-4900-27-172-49-113-69
Net Proceeds from Shares 014800000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000000-4000
Dividend Paid -29-37-4100-22-14000-51
Others -5-7-800-5-29-49-113-17
Net Cash Flow -23-9-1-1324-7-69
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)49.5733.926.6922.3318.0417.1513.1717.2820.8725.45
ROCE (%)73.7151.4239.3532.5626.6324.3417.7325.4829.0834.7
Asset Turnover Ratio1.631.030.660.560.460.380.330.50.460.48
PAT to CFO Conversion(x)10.850.70.721.030.570.921.261.140.87
Working Capital Days
Receivable Days57555661636068596860
Inventory Days0000000000
Payable Days0000000000

MPS Ltd Stock News

MPS Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MPS on 28-Mar-2024 16:01 is ₹1,540.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of MPS stood at ₹2,619.3.
The latest P/E ratio of MPS as of 28-Mar-2024 16:01 is 24.79.
The latest P/B ratio of MPS as of 28-Mar-2024 16:01 is 6.61.
The 52-week high of MPS is ₹1,884.2 and the 52-week low is ₹809.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MPS is ₹321.9 ( Cr.) .

About MPS Ltd

Two brothers Daniel and Alexander Macmillan founded Macmillan in England in 1843. They started publishing the works of great authors and writers. As the company grew, an ambitious expansion programme was initiated and as a result Macmillan has been operating in India since 1892. The Macmillan India slogan ‘Redefining Learning’ symbolises the innovative, customer-focused and forward-looking spirit of the company.

The company is the part of Macmillan Group. It is one of the large publishing groups that serve third party clients and its own companies with services including typesetting and data capture, web design and development in India, print sourcing facilities in the Far East, and warehousing and fulfillment in the UK, USA and Australia. Its client-list includes many other publishers, ranging from Reed Elsevier, Bloomsbury to Yellow Pages.

Macmillan is one of the largest and best-known publishers in the world. It is characterised by high-quality academic, educational, fiction and non-fiction publishing in many forms: educational course materials, science, technology and medicine, college textbooks, dictionaries, monographs and reference materials.

Macmillan Publishers India enjoys a cutting-edge niche as partner-in-progress in the socio-economic development of the country. It is in this field that Macmillan's flame burns the brightest – publishing educational books and materials for over 100 years.

Macmillan India has over 2,500 titles in its list and has played a significant role in the growth and success of Indian writing. The company has relationships with over 15,000 schools all over India and with its 22 offices and showrooms, possibly the widest all-India network.

As a major player in providing typesetting, data coding and conversion and editorial services to publishers globally, Macmillan has been a pioneer in the information technology-enabled service (ITES) space. It started its export-oriented typesetting operations in 1975. Mainly British and European publishers have driven the market so far but now US publishers are looking actively at outsourcing to India. This will have a positive impact on the current export market estimated to be around Rs 8,000 million (US$ 181.82 million) (Source: Industry estimates). Macmillan employs over 3,000 staff of which around 700 are in its domestic publishing business.

Macmillan also offers web-based solutions and IT services to publishers globally through its dedicated software services unit ‘emacmillan’. The market opportunities for this sector, too, are growing rapidly.

With a company-owned press in Chennai delivering high-quality production, Macmillan Publishers India has possibly the best editorial resources in the country. It focuses on publishing innovative, need-based, stimulating and enlightening books, which are true companions to teachers and students.

The company views its social responsibilities seriously. All books are thoroughly reviewed and processed to ensure they are accurate and the right message and content is passed on to young learners. Not surprisingly, it was chosen by UNICEF as a critical partner in the publication of the ‘Meena’ books – a venture of high social impact aiming at empowering the underprivileged girl child.

Macmillan India has been a pioneer in e-learning and runs two web-based portals, one on English Language Teaching and the other on Executive Development Programmes on important and emerging management areas. These are in association with premier institutes like IIM Calcutta, MDI Gurgaon, IIT Delhi and IIFT, Delhi.

The company has also made a mark in higher education, particularly in the areas of management and has published enduring best sellers like Shiv Khera's ‘You Can Win’, ‘Living with Honour’ and ‘Freedom is not Free’ – having sold more than a million copies.

Product range of the company:

Macmillan Publishers India publishes a wide range of books for schools, colleges, individual buyers, corporates and academic books for reference and research. The company issues approximately 250 new titles each year and has evolved a large number of new Indian authors. Among the rich author list of Macmillan India are Rabindranath Tagore (Macmillan was the sole copyright owner for decades), I K Gujral, Jaswant Singh, I G Patel, C N R Rao, M S Swaminathan, Shiv Khera, Arindam Chaudhuri, Kapil Dev, Ankit Fadia and other illustrious academicians, scientists and teachers.

The company’s titles include books which have been selling for more than 50 years like Nesfield’s Grammar, Hall & Knight and Loney’s Mathematics books. Also included in its list are a wide range of dictionaries and encyclopaedias.

Awards/Achievements

  • Macmillan has won 23 awards for excellence in publishing and production in the last five years. The company has also won the Capexil Award for highest exports in its category continuously for the last 22 years.
  • The company has been selected as a Business Superbrand by Superbrand Council of India.

Recent developments

  • With the aim of providing quality books in regional markets, Macmillan has started publishing programmes for various states. Its books for the State of Maharashtra have already gained wide acceptance.
  • Recently the company launched a major school-testing project – the International Assessments for Indian Schools – in partnership with the University of New South Wales, Australia. This is an annual testing and assessment project that offers scientific and structured tests in various subjects for classes three to twelve. The students are provided with highly valuable diagnostic reports based on their strengths and weaknesses.
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