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BSE: 0 | NSE: MEGATHERM | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Megatherm Induction Ltd is a below average quality company.
The key valuation ratios of Megatherm Induction Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Megatherm Induction Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 10.5% | 6.2% | 21.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.6 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 109 | 188 | 266 | 266 |
| Sales YoY Gr. | - | 72.3% | 41.6% | - |
| Adj EPS ⓘ | 2.4 | 0.9 | 10.3 | 7.4 |
| YoY Gr. | - | -60.9% | 1003.2% | - |
| BVPS (₹) ⓘ | 25.6 | 26.4 | 36.6 | 57.9 |
| Adj Net Profit ⓘ | 3.3 | 1.3 | 14.2 | 14 |
| Cash Flow from Ops. ⓘ | 14 | 17.2 | 25.8 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 2.3 | 1.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 41.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | 1003.2% | ||||
| BVPSⓘ | NA | NA | NA | 38.3% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 9.3 | 3.6 | 32.6 | 15.7 |
| Op. Profit Mgn % ⓘ | 12.3 | 4.6 | 10.5 | NAN |
| Net Profit Mgn % ⓘ | 3 | 0.7 | 5.3 | 5.3 |
| Debt to Equity ⓘ | 1.2 | 1.1 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 200 | 154 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 98 | 67 | 0 |
Return on Equity has increased versus last 3 years average to 15.70%
Debt to equity has declined versus last 3 years average to 0.85
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.4 | - |
| TTM Sales (₹ Cr.) | 266 | - |
| BVPS (₹.) ⓘ | 57.9 | - |
| Reserves (₹ Cr.) ⓘ | 90 | - |
| P/BV ⓘ | 5.67 | - |
| PE ⓘ | 44.20 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 619 |
| Equity (₹ Cr.) | 18.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 52 |
| Pledged * | 21.90 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 109 | 188 | 266 |
| Operating Expenses ⓘ | 96 | 180 | 238 |
| Manufacturing Costs | 4 | 7 | 10 |
| Material Costs | 76 | 151 | 201 |
| Employee Cost | 7 | 10 | 13 |
| Other Costs ⓘ | 9 | 12 | 14 |
| Operating Profit ⓘ | 13 | 8 | 28 |
| Operating Profit Margin (%) | 12.1% | 4.2% | 10.4% |
| Other Income ⓘ | 0 | 1 | 1 |
| Interest ⓘ | 7 | 5 | 6 |
| Depreciation ⓘ | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 2 | 20 |
| Tax ⓘ | 1 | 0 | 6 |
| Profit After Tax | 3 | 1 | 14 |
| PAT Margin (%) | 2.8% | 0.6% | 5.3% |
| Adjusted EPS (₹) | 2.3 | 0.8 | 10.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 35 | 37 | 51 | |||||||
| Share Capital ⓘ | 9 | 9 | 9 | |||||||
| Reserves ⓘ | 26 | 27 | 41 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 37 | 33 | 35 | |||||||
| Long Term Debt | 17 | 9 | 14 | |||||||
| Short Term Debt | 20 | 24 | 21 | |||||||
| Trade Payables | 29 | 37 | 41 | |||||||
| Others Liabilities ⓘ | 45 | 66 | 65 | |||||||
| Total Liabilities ⓘ | 146 | 173 | 192 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 50 | 49 | 70 | |||||||
| Accumulated Depreciation | 7 | 9 | 12 | |||||||
| Net Fixed Assetsⓘ | 43 | 40 | 58 | |||||||
| CWIP ⓘ | 0 | 2 | 1 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 53 | 69 | 71 | |||||||
| Trade Receivables | 25 | 25 | 23 | |||||||
| Cash Equivalents | 10 | 18 | 21 | |||||||
| Others Assetsⓘ | 15 | 19 | 18 | |||||||
| Total Assets ⓘ | 146 | 173 | 192 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14 | 17 | 26 |
| PBT ⓘ | 4 | 2 | 20 |
| Adjustment ⓘ | 9 | 9 | 10 |
| Changes in Working Capital ⓘ | 2 | 7 | -0 |
| Tax Paid ⓘ | -2 | 0 | -4 |
| Cash Flow From Investing Activity ⓘ | -5 | -3 | -20 |
| Capex | -1 | -2 | -19 |
| Net Investments | -4 | -2 | -1 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -6 | -7 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 7 | -6 | 5 |
| Interest Paid ⓘ | -7 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | -6 | 4 | -3 |
| Net Cash Flow ⓘ | 4 | 7 | 3 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.8 | 3.07 | 32.1 | |||||||
| ROCE (%) | 14.44 | 8.38 | 30.12 | |||||||
| Asset Turnover Ratio | 0.74 | 1.18 | 1.46 | |||||||
| PAT to CFO Conversion(x) | 4.67 | 17 | 1.86 | Working Capital Days | ||||||
| Receivable Days | 82 | 48 | 33 | |||||||
| Inventory Days | 179 | 118 | 96 | |||||||
| Payable Days | 139 | 80 | 71 | |||||||
Megatherm Induction Limited was originally incorporated as a Private Limited Company under the name of ‘Megatherm Transmission & Distribution Private Limited’ on October 22, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kolkata, West Bengal. Further, pursuant to the special resolution passed by the shareholders in the Extra Ordinary General Meeting held on September 16, 2015 the name of the company was changed from ‘Megatherm Transmission & Distribution Private Limited’ to ‘Megatherm Induction Private Limited’ and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata, West Bengal dated September 23, 2015. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 15, 2022, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘Megatherm Induction Private Limited’ to ‘Megatherm Induction Limited’ vide a fresh certificate of incorporation dated December 20, 2022, issued by the Registrar of Companies, Kolkata, West Bengal.
The company is engaged in the business of manufacturing of induction heating and melting products by means of electric induction like induction melting furnace and induction heating equipment. Besides induction melting & heating equipments, the company produces various up-stream & down-stream plant & machineries associated with steel melt shops such as, transformers, ladle refining furnaces, continuous casting machines, fume extraction systems etc. The company also manufacturers electric arc furnaces for alloys & special steel making industries. Its services portfolio includes turnkey solutions for steel plant, which involves design, engineering, supply, erection & commissioning of the steel melt shops using both insourced & outsourced plant & machineries and after sales service, involving maintenance contracts & spare parts business.
The company’s manufacturing facilities have been certified in accordance with international standards of quality management systems such as ISO 9001:2015 from SGS United Kingdom. Further, making the product more energy efficient is very important to gain and maintain the market share. To make the products more energy efficient and meet the customer specifications, it undertakes research and development activities. The company’s manufacturing facility is equipped with requisite infrastructure including machineries, testing laboratory and other handling equipment to facilitate smooth manufacturing process. To ensure efficiency of the products, it has designed and established testing at different levels of production.
Business area of the company
The company is primarily engaged in the business of manufacturing and selling of Capital Equipments like Induction Melting and Heating Equipments, Arc Melting Furnace, Ladle Refining Furnace, Continuous Casting Machines, Transformers etc. and various parts thereof which are required by the Steel Making Industries, Foundry, Forging and Power sector. The company also carries on business of repairs and contractors for servicing and production, modification, reconstruction etc. of all types of Engineering goods, equipments, plant & machineries.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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