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Majestic Auto Ltd. Stock Analysis

Small Cap
Evaluated by 229 users | BSE: 500267 | NSE: MAJESAUTO |
Electric Equipment
Majestic Auto Ltd, a Hero Group company was incorporated in 1972 by O P Munjal. The answer to the rapidly escalating fuel prices in the country came in the form of the Hero Majestic range of mopeds in the year 1978. Within a few years, Hero Majestic was a household name in the country, and by...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 28.49%9.03%12.11%1.54%7.28%1.45%0.48%-2.92%-0.86%10.02%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1311481651531051121246.1981.5
Y-o-Y Gr. Rt.-13%11.2%-6.8%-31.8%6.8%10.6%-95.1%48%808.1%
Adjusted EPS (Rs.) 19.976.8111.73-5.615.14-3.61-9.44-17.44-8.442.36
Y-o-Y Gr. Rt.--65.9%72.3%-147.8%NA-170.2%NANANANA
Book Value per Share (Rs.) 51.558.3376.7571.12128.64154162.95376.33396.84364.16
Adjusted Net Profit 20.87.112.2-5.85.4-3.8-9.8-18.1-8.744
Net Op. Cash Flow (Rs. Cr.) -3.4181616-26.7-15.5-1.43.815.148.6
Debt to Cash Flow from Ops -11.386.396.568.15-3.51-6.57-127.09457.071.37
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Majestic Auto Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -5.1%-4.9%-13%808.1%
Adjusted EPS 8.7%52.5%NANA
Book Value per Share 24.323.130.7-8.2
Share Price 1.1% 8.8% -7.6% -30.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 48.1212.417.37-7.595.15-2.55-5.95-6.47-2.1711.13
Operating Profit Margin (%) 12.612.169.435.33-10.39-15.491.52-3596.99-1113.4947.2
Net Profit Margin (%) 15.854.787.41-3.85.11-3.36-7.94-299.42-97.4354.07
Debt to Equity 0.731.891.321.760.70.641.070.440.260.18
Working Capital Days 921121041041621551623,9142,285311
Cash Conversion Cycle 51720173945451,253455114
Entity Percentage Holding
Promoters 75.00%
Institutions 0.05%
Non-Institutions 24.95%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Majestic Auto's performance infers:

Majestic Auto earnings have grown by 52.5%, whereas share price has appreciated 8.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Majestic Auto share prices over the last 10 years. Here is what we found out:

Majestic Auto share price has appreciated -3.9% annually over the past ten years.

Majestic Auto Ltd, a Hero Group company was incorporated in 1972 by O P Munjal. The answer to the rapidly escalating fuel prices in the country came in the form of the Hero Majestic range of mopeds in the year 1978. Within a few years, Hero Majestic was a household name in the country, and by 1983, Majestic Auto was the country's leading manufacturer of mopeds.

Majestic Auto is one of the largest producers of mopeds in the country. Since its inception in 1978, Majestic Auto has grown from

Majestic Auto Ltd, a Hero Group company was incorporated in 1972 by O P Munjal. The answer to the rapidly escalating fuel prices in the country came in the form of the Hero Majestic range of mopeds in the year 1978. Within a few years, Hero Majestic was a household name in the country, and by 1983, Majestic Auto was the country's leading manufacturer of mopeds.

Majestic Auto is one of the largest producers of mopeds in the country. Since its inception in 1978, Majestic Auto has grown from catering to home consumers to the ones abroad. Majestic Auto now exports the moped to countries like Africa, North and South America, Europe and the far Middle East.

Hero Majestic mopeds have found great acceptance in the overseas markets, including countries in Africa, North & South America, Europe and the far & Middle East and are homologated in Europe & USA.

To the existing range of five different mopeds viz. Hero Panther, Hero Panther 4S, Hero Gizmo, Hero Stallion 4S and Hero Ankur, Majestic Auto is continuously working to upgrade their performances and to make them absolute environment friendly. The company also manufactures and exports Hero Allegro exerbikes, steppers and joggers, the well accepted market leaders in fitness equipment.

They have diversified their activities in the field of fine blanking, a revolutionary technology, now being accepted all over the world. They have put up a fine blanking unit in 1998. They have started catering services to the leaders in automobile, switchgear, electronics, weapon etc.

Product range of the company includes:

Health Equipments -The company is a leading manufacturers of health equipments, having a wide range of health equipments -- joggers, steppers and twistepro to suit the requirement of people of all ages

Fine Blanked Components- Majestic Auto Limited has put up a fine blanking unit with technical know-how from Feintool, Switzerland. Simultaneously, tremendous stress has been laid on developing latest standard tool room through indigenous development and upgradation of technology through our research and development division.

Mopeds

  • Hero Effy
  • Hero Panther super 60
  • Hero Power
  • Hero Student
  • Hero Panther
  • Hero Gizmo
  • Hero Stallion
  • Hero Panther 4s dlx

Group Companies:

  • Hero Honda Motors Limited
  • Hero Cycles Limited
  • Hero Cycles Limited (Unit II)
  • Hero Cold Rolling Division
  • Fastener World
  • Hero Motors Limited (Hero Puch)
  • Highway Industries Limited
  • Munjal Auto Components
  • Munjal Showa Limited
  • Majestic Auto Limited
  • Hero Exports
  • Munjal Castings
  • Rockman Cycle Industries Limited
  • Hero Global Design
  • Hero Corporate Service Limited
  • Hero Mindmine
  • Satyam Auto Components Limited
  • Hero ITES
  • Munjal eSystems
  • Easy Bill Limited
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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