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Mcnally Bharat Engineering Company Ltd. Stock Analysis

Small Cap
Evaluated by 562 users | BSE: 532629 | NSE: MBECL |
Engineering - Construction
McNally Bharat Engineering Company (MBECL) incorporated in 1961; is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial...

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 18.66%17.07%18.49%13.96%6.02%3.89%-5.46%11.13%-1.65%-7.72%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,4841,7582,0792,1832,1442,1702,4771,9061,4331,518
Y-o-Y Gr. Rt.-18.4%18.3%5%-1.8%1.2%14.1%-23.1%-24.8%6%
Adjusted EPS (Rs.) 12.414.2419.8913.54-17.36-28.11-68.36-9.38-27.04-29.92
Y-o-Y Gr. Rt.-14.8%39.7%-31.9%-228.2%NANANANANA
Book Value per Share (Rs.) 72.585.65105.66126.18102.4573.35-79.133.565.0728.56
Adjusted Net Profit 38.644.361.942.1-54-114-349-50.3-427-515
Net Op. Cash Flow (Rs. Cr.) 29.2-18.9-94.2-122-212-366-402-425-492347
Debt to Cash Flow from Ops 6.88-15.25-4.63-5.55-5.17-4.17-5.59-6.54-6.675.75
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.
Mcnally Bharat Engineering Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.3%-6.7%-15.1%6%
Adjusted EPS -210.3%NANANA
Book Value per Share -9.8-22.60463.3
Share Price -30.4% -45% -56.5% 36.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 18.318.0120.7911.55-14.81-35.48840.7533.98-360.55-154.53
Operating Profit Margin (%) 7.287.057.838.777.054.42-0.47-20.83-11.71-17.26
Net Profit Margin (%) 2.62.522.971.93-2.52-5.26-14.1-2.64-29.83-33.93
Debt to Equity 0.891.081.331.693.334.97-5.5627.1624.563.75
Working Capital Days 2763133133504395225157411,000766
Cash Conversion Cycle 10511410194817968138246324
Entity Percentage Holding
Promoters 34.21%
Institutions 0.07%
Non-Institutions 65.72%
Pledged *12.4320.6620.7220.8615.9315.9321.6121.6121.6113.18
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mcnally Bharat Engineering Company Ltd.'s performance infers:

Mcnally Bharat Engineering Company Ltd. earnings have grown by 0%, whereas share price has depreciated -45% 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 Mcnally Bharat Engineering Company Ltd. share prices over the last 10 years. Here is what we found out:

Mcnally Bharat Engineering Company Ltd. share price has depreciated -33% annually over the past ten years.

McNally Bharat Engineering Company (MBECL) incorporated in 1961; is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc. Till date the company has constructed 250 plants. The company is also into manufacturing of belt conveyor, shuttle conveyor, roller conveyor, idlers, pulleys,

McNally Bharat Engineering Company (MBECL) incorporated in 1961; is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc. Till date the company has constructed 250 plants. The company is also into manufacturing of belt conveyor, shuttle conveyor, roller conveyor, idlers, pulleys, trippers, gates, technological structures, Slurry Pumps, Flotation Machines, High Rate Thickeners, Magnetic, Vibratory and Metal Detection Equipment, Hydrocyclones, Filters, Centrifugal Concentrators and Bagging Machines

The company has received ISO 9001 certification by RWTUV for quality management.

Milestones

1961- McNally Bird Engineering Co a joint venture between McNally Pittsburg, USA and Bird & Co.

1968 – The company designed and built the longest cross country conveying system in India for 800 TPH Coal Handling Plant of Thermal Power station at Talcher, Orissa.

1970 – The company designed plant in India for beneficiation of fluorspar was built for Gujarat Mineral Development Corporation at Kadipani located at Gujarat.

1970 – The company constructed its first carbon paste plant for Indian Aluminium.

1972 – The company was re-christened as McNally Bharat Engineering Company.

1979 – MBECL constructed 700 TPH Coal Washery for Bharat Coking Coal located at Jharkhand.

1980 - Williamson Magor Group took over the MBECL.

1981 – The company designed and constructed its first 5500 tph High Speed Rapid Loading System with Silo at Jayant Coal Handling Plant, U.P.

1989 – G. P. Birla Group acquires 24% stake in the Company.

1998 – The company forayed in Open cast mining sector.  Neyveli Lignite Corporation placed order for 20,000 tph shiftable conveying system, conveyors and Bucket wheel excavator, Spreader etc

1999 – The company formed a joint venture with Eriez Magnetics, USA world’s leading manufacturers of magnetic, vibratory and metal detection equipment for manufacture of their products in India.

2000 – Neyveli Lignite Corporation placed an order for first dense phase pneumatic conveying system for ash handling in India

2001 – Company received joint venture project for combined water supply to 674 habitations in Tiruchirapally District, Tamil Nadu.

2002 - It became first company in India to manufacture and commence a 700L capacity Bucket Wheel Excavator. The company designed, manufactured and commenced the world’s largest Apron Conveyors at Angul for Nalco. The company acquired 100% control over Eroterv-Waagner-Biro, Hungary, now known as EWB Kornyezetvedelmi    Kft, world leader in Pneumatic conveying Technology.

2004 – The company designed and constructed India’s largest capacity Level luffing cranes at Kandla Port.

2005 – The company built and commissioned lead-zinc beneficiation plant for Hindustan Zinc– Agucha mines; a Green Anode plant for Bharat Aluminium Company at Korba; India’s largest capacity Goliath Crane (300 MT) for Cochin Shipyard and designed, built and commissioned Container Handling Crane in India at Haldia Dock Complex.

2009 - MBE acquired the coal and mineral technology division of KHD Humboldt Wedag, Germany.

2011 - The R&D activities of MBE & MSEL obtained recognition by DSIR, GOI
          -MSEL Launched Mobile crushing & screening plants

2012 -Acquired through its subsidiary, MBE Mineral Technologies Pte Ltd, a 42 % stake in Specialist Energy Group (SEG) which owns Hayward Tyler Ltd, UK & Hayward Tyler Inc., USA
- MSEL launched skid mounted Coal Crushing plant

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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