Magna Electro Castings Ltd - Stock Valuation and Financial Performance

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

Magna ElectroCasting Share Price

431 5.05 1.19%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Magna ElectroCasting

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Magna Electro Castings stock performance -

mw4me loader
P/E Ratio (SA):
13.25
Market Cap:
182.5 Cr.
52-wk low:
254
52-wk high:
593.9

Is Magna Electro Castings Ltd an attractive stock to invest in?

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 Overvalued 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11%12%12.2%13.2%11.5%15.4%8%6.9%10.3%17.9%-
Value Creation
Index
-0.2-0.2-0.1-0.1-0.20.1-0.4-0.5-0.30.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 75.310193.478.993.112396.397.8136165144
Sales YoY Gr.-34.8%-7.9%-15.5%17.9%32.1%-21.6%1.6%38.9%21.2%-
Adj EPS 9.311.813.615.81522.312.411.718.237.132.5
YoY Gr.-26.6%15.1%16.8%-5.1%48.2%-44.1%-6%55.9%103.1%-
BVPS (₹) 79.689.3101.4120132.3154.5160.4168.6185223246
Adj Net
Profit
4.35.46.27.36.910.25.757.715.714
Cash Flow from Ops. 810.28.97.337.19.39.2-1.219.6-
Debt/CF from Ops. 2.421.10.71.1000-4.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%12.1%19.6%21.2%
Adj EPS 16.6%19.8%43.9%103.1%
BVPS12.1%11%11.6%20.5%
Share Price 21.3% 17.7% 38% 62.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.313.914.214.311.915.57.96.810.318.213.9
Op. Profit
Mgn %
19.214.515.218.113.314.511.210.31015.615
Net Profit
Mgn %
5.75.36.79.27.48.35.95.15.79.59.6
Debt to
Equity
0.50.50.20.10.10000.10-
Working Cap
Days
13712713514915914818316314213594
Cash Conv.
Cycle
4247454969658488857663

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.90%

Sales growth is growing at healthy rate in last 3 years 19.57%

Net Profit is growing at healthy rate in last 3 years 43.88%

Sales growth is not so good in last 4 quarters at -10.67%

Latest Financials - Magna Electro Castings Ltd.

Standalone Consolidated
TTM EPS (₹) 32.5 -
TTM Sales (₹ Cr.) 144 -
BVPS (₹.) 246 -
Reserves (₹ Cr.) 100 -
P/BV 1.75 -
PE 13.25 -
From the Market
52 Week Low / High (₹) 254.00 / 593.85
All Time Low / High (₹) 3.00 / 593.85
Market Cap (₹ Cr.) 182
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 33.9

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales751019379931239698136165
Operating Expenses 61877965811058588122139
Manufacturing Costs23333326324234324652
Material Costs26393122324333365361
Employee Cost 6889101111131517
Other Costs 6777797689
Operating Profit 14151414121811101426
Operating Profit Margin (%) 19.2%14.4%15.2%18.1%13.3%14.5%11.2%10.3%10.0%15.6%
Other Income 1010032123
Interest 3211000000
Depreciation 7455554456
Exceptional Items 0000000000
Profit Before Tax 6899815971023
Tax 1322142236
Profit After Tax 557771175817
PAT Margin (%) 6.1%5.4%7.1%9.3%7.4%9.3%6.9%5.3%5.7%10.4%
Adjusted EPS (₹)10.111.914.516.015.024.914.612.218.340.5
Dividend Payout Ratio (%)16%15%14%13%13%20%17%12%14%7%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 36414655617173717894
Share Capital 5555555444
Reserves 32364250566669677490
Minority Interest0000000000
Debt161884300050
Long Term Debt5330000000
Short Term Debt111553300050
Trade Payables1214131013151191213
Others Liabilities 1010108786131419
Total Liabilities 7583767784949193109125

Fixed Assets

Gross Block85889442454651535872
Accumulated Depreciation4447515101519232833
Net Fixed Assets41414237353232303139
CWIP 0000000211
Investments 0002222201
Inventories776689107129
Trade Receivables20251921283124293938
Cash Equivalents 11221715151522
Others Assets69791013981215
Total Assets 7583767784949193109125

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 810973799-120
PBT 6899815971023
Adjustment 9666554443
Changes in Working Capital -6-2-4-5-8-9-11-13-0
Tax Paid -1-3-2-2-2-4-2-2-2-6
Cash Flow From Investing Activity -2-4-6-1-2-1-4-4-3-12
Capex -2-5-6-1-2-2-4-4-1-2
Net Investments 000000000-1
Others 00000001-2-8
Cash Flow From Financing Activity -5-5-3-6-2-5-4-84-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-200000000
Interest Paid -2-2-1-1000000
Dividend Paid -1-1-1-1-1-1-30-1-1
Others 000-40-4-1-85-5
Net Cash Flow 0001-111-201
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.3614.0315.2114.4311.8717.349.277.1510.3319.83
ROCE (%)15.0718.2217.7816.4913.2122.6911.949.7913.8126.42
Asset Turnover Ratio1.071.341.231.091.171.381.041.061.341.4
PAT to CFO Conversion(x)1.621.2910.430.641.291.8-0.131.18
Working Capital Days
Receivable Days807882879588104999286
Inventory Days26242426272636322523
Payable Days1581211541831301171421037272

Magna Electro Castings Ltd Stock 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-2024 16:01 is ₹431.0.
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 Magna ElectroCasting stood at ₹182.4.
The latest P/E ratio of Magna ElectroCasting as of 28-Mar-2024 16:01 is 13.25.
The latest P/B ratio of Magna ElectroCasting as of 28-Mar-2024 16:01 is 1.75.
The 52-week high of Magna ElectroCasting is ₹593.9 and the 52-week low is ₹254.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Magna ElectroCasting is ₹144.2 ( 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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