Magna Electro Castings Ltd Stock Analysis

BSE: 517449 | NSE: | Castings/Forgings | Small Cap

BSE Share Price 28-Mar-2023 14:54
275.50 2.55 (0.93%)

DeciZen - Make an Informed Decision on Magna ElectroCasting

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Magna ElectroCasting Price Chart

P/E Ratio ( SA) :
7.47
Market Cap :
115.5 Cr.
52-wk low :
151
52-wk high :
436.6
Bole Toh?

1. Is Magna Electro Castings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Magna Electro Castings Ltd is a average quality company.

2. Is Magna Electro Castings Ltd undervalued or overvalued?

The key valuation ratios of Magna Electro Castings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Magna Electro Castings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Magna Electro Castings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Magna ElectroCasting:

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.
Magna Electro Castings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.3%11%12%12.2%13.2%11.5%15.4%8%6.9%9.6%-
Value Creation Index -0.1-0.2-0.2-0.1-0.1-0.20.1-0.4-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 86.775.310193.478.993.112396.397.8135162
YoY Gr. Rt. %--13.2%34.8%-7.9%-15.5%17.9%32.1%-21.6%1.6%38.1%-
Adj EPS 10.39.311.813.615.81522.312.411.716.936.6
YoY Gr. Rt. %--9.3%26.6%15.1%16.8%-5.1%48.2%-44.1%-6%44.4%-
BVPS (₹) 71.479.689.3101.4120132.3154.5160.4168.6185216.5
Adj Net Profit 4.74.35.46.27.36.910.25.757.215
Cash Flow from Ops. 16.8810.28.97.337.19.39.2-1.2-
Debt/CF from Ops. 1.32.421.10.71.1000-4.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%11.3%3.2%38.1%
Adj EPS 5.7%1.3%-8.8%44.4%
BVPS 11.29.16.29.8
Share Price 15% 11.1% 37.4% 38.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 15.412.313.914.214.311.915.57.96.89.618.2
Op. Profit Mgn % 15.719.214.515.218.113.314.511.210.39.513.4
Net Profit Mgn % 5.45.75.36.79.27.48.35.95.15.39.6
Debt to Equity 0.70.50.50.20.10.10000.1-
Working Cap Days 1121371271351491591481831631430
Cash Conv. Cycle 384247454969658488860

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Sales growth is good in last 4 quarters at 32.38%

Sales growth has been subdued in last 3 years 3.18%

Net Profit has been subdued in last 3 years -8.77%

Latest Financials - Magna Electro Castings Ltd.

Standalone Consolidated
TTM EPS (₹) 36.6 -
TTM Sales (₹ Cr.) 162 -
BVPS (₹.) 216.5 -
Reserves (₹ Cr.) 87 -
P/BV 1.26 -
PE 7.47 -
From the Market
52 Week Low / High (₹) 150.95 / 436.55
All Time Low / High (₹) 3.00 / 436.55
Market Cap (₹ Cr.) 116
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 22.6

Management X-Ray of Magna ElectroCasting :

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

Key Ratios of Magna ElectroCasting

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Magna Electro Castings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Magna ElectroCasting on 28-Mar-2023 14:54 is : 275.5.
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-2023 14:54 the market cap of Magna ElectroCasting stood at ₹ 115.5.
The latest PE ratio of Magna ElectroCasting as of 28-Mar-2023 14:54 is 7.47.
The latest PB ratio of Magna ElectroCasting as of 28-Mar-2023 14:54 is 1.26
The 52-week high of Magna ElectroCasting is ₹ 436.6 and the 52-week low is ₹ 150.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Magna ElectroCasting is ₹ 161.9 ( Cr.) .

About Magna Electro Castings Ltd

Magna Electro Castings was incorporated in 1993 as a Public Company. The main promoter of the company is N Krishna Samaraj. Magna is in the business of Manufacturing and Supplying Ferrous Components in small and medium volumes to users worldwide.

Magna specializes in the manufacture of Ductile Iron and Gray Iron casting in the weight range of 300 grams to a maximum of 2000 Kilograms. Magna also adds value by heat treatment, surface treatments and machining so that the products are ready to assemble.

Magna also produces fully machined components, utilizing its in-house CNC machine shop and other facilities as well.

Magna has extensive experience in the supply of safety requirement components in the casting and fully machined forms. The components meet stringent requirements in terms of Radiographic Quality and Metallurgical Control.

Magna has established warehousing in the USA, this facility along with bi-weekly container shipments, allows them to cater to low volume requirements. Also their warehousing capability enables them to supply products just in time, to customers in the United States of America.

Product range of the company includes:

Castings

  • Valves
  • Refrigeration
  • Railroad
  • Printing
  • Hydraulics
  • Automotive
  • Electrical
  • Windmills

Machined Components

  • Railroad
  • Hydraulics
  • Off Highway
  • Windmills
  • Automotive

Milestones:

  • 1993 - Incorporated as a Public Limited Company
  • 1995 - Commenced production
  • 1997 - First Exports Begin
  • 1998 - Awarded ISO 9002 certification
  • 1999 - CNC Machine Shop
  • 2000 - State of the art Tool Room
  • 2001 - Interactive Website for Customer Relations Management
  • 2002 - Awarded ISO 9001:2000 certification by M/S. DNV
  • 2003 - Approved in accordance with Pressure Equipment Directive (PED)97/23/EC          and W0/AD2000 MERKBLATT by RWTUV.
  • 2004 - ISO/TS 16949 certification
  • 2004 - Completely automated Furan based No-Bake molding line
  • 2004 - First Wind Electric Generator (750 KW)
  • 2005 - Heavy machining center
  • 2005 - Second Wind Electric Generator (1650 KW)

 Achievements/ recognition:

  • Awarded ISO 9002 certification in 1998.
  • Awarded ISO 9001:2000 certification by M/S. DNV in 2002.
  • Approved in accordance with Pressure Equipment Directive (PED)97/23/EC and W0/AD2000 MERKBLATT by RWTUV in 2003.
  • Awarded ISO/TS 16949 certification in 2004.
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