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Morarka Finance Ltd. Stock Analysis

Small Cap
Evaluated by 56 users | BSE: 511549 | NSE: |
Finance - NBFC
Morarka Finance established on March 15, 1985 promoted by G R Morarka and a Dwarikesh Group company that manages a host of successful companies in areas as diverse as sugar, power, distilleries, ethanol production, agriculture production, media and information technology....

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.
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Operating Income (Rs. Cr.)0.10000.10.20.42.815.4
Y-o-Y Gr. Rt.--33.3%-100%NANA240%117.7%643.2%-65.1%465.6%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
0.94-0.22-0.32-0.47-0.080.020.45.21.0410.99
Y-o-Y Gr. Rt.--123.4%NANANANA1900%1200%-80%956.7%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
21.1620.9420.6120.1420.0620.0820.4925.6825.5136.5
Y-o-Y Gr. Rt.--1%-1.6%-2.3%-0.4%0.1%2%25.3%-0.7%43.1%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)4.56-1.07-1.55-2.31-0.420.112.0122.584.0435.23
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.
Morarka Finance Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income65%155.4%144.8%465.6%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
31.4%NA201.8%956.7%
Book Value per Share
6.3%12.7%21.2%43.1%
Share Price 15.5% 44.5% -11.2% 76.4%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)0000000000
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >17% : Very Good
  • 15%-17% : Somewhat Good
  • <15% : Not Good
Capital Adequacy Ratio (%)0000000000
Margins
Net Profit Margin (%) 712.42-283.2300-81.275.9949.4984.9848.8191.11
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 4.52-1.06-1.55-2.3-0.410.111.9922.524.0535.43
Entity Percentage Holding
Promoters 65.28%
Non-Institutions 34.72%
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 Morarka Finance Ltd.'s performance infers:

Morarka Finance Ltd. earnings have grown by 0%, whereas share price has appreciated 44.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Morarka Finance Ltd. share prices over the last 10 years. Here is what we found out:

Morarka Finance Ltd. share price has appreciated 7.2% annually over the past ten years.

Morarka Finance established on March 15, 1985 promoted by G R Morarka and a Dwarikesh Group company that manages a host of successful companies in areas as diverse as sugar, power, distilleries, ethanol production, agriculture production, media and information technology.

Morarka Finance was originally incorporated as Morarka Holdings Limited vide certificate of Incorporation No. 11-35632  dated March 15, 1985 with Registrar of Companies, Maharashtra at Mumbai and

Morarka Finance established on March 15, 1985 promoted by G R Morarka and a Dwarikesh Group company that manages a host of successful companies in areas as diverse as sugar, power, distilleries, ethanol production, agriculture production, media and information technology.

Morarka Finance was originally incorporated as Morarka Holdings Limited vide certificate of Incorporation No. 11-35632  dated March 15, 1985 with Registrar of Companies, Maharashtra at Mumbai and received the Certificate for commencement of business on March 15,1985. The name of the Company has been changed to Morarka Finance Limited on May 28, 1993.

The company commenced its business in 1985 with an initial capital of Rs. 44 Lacs identifying investment activities (Trading and marketable securities) as its core business. The same continued to be the sole activity until 1992 when the Company made a foray into other related activities including Merchant Banking and OTCEI trading.

The capital base was also enhanced to Rs 157 lakh in the year 1993-94 to meet the requirements of its expanded business. The company also worked as a Category II Merchant Banker and in that capacity provided its services in the capacity of co-manager for some of the Public Issues. The company has underwritten over Rs. 7 crore worth of issues. At times the company also worked as an authorized agent of the American Express Bank for the issue of travelers cheques. The company was also holding a license from the RBI and is totally debt free.

The company made its Initial Public Offer of equity shares in 1994 to augment resources to meet the needs of its planned growth, which was a major success. The sompany’s shares are listed on the Bombay Stock Exchange (BSE).

The rise in the profits of Morarka Finance can be attributed to the increase in revenue and decrease in operating expenses. Operating efficiencies and no interest payout supplemented by better management for controlling the cost and efficient working capital management has resulted in an impressive growth in profit in this year and also in the future.

Business area of the company spreads to

  • Investment activities
  • Merchant Banking
  • OTCEI trading
  • Portfolio Management which includes:-Investment in Securities-Corporate Advisory Services-Advancing of Loans.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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