Miven Machine Tools Ltd - Stock Valuation and Financial Performance

BSE: 522036 | NSE: | Engineering - Industrial Equipments | Small Cap

Miven Machine Tools Share Price

93.23 1.82 1.99%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Miven Machine Tools

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Miven Machine Tools stock performance -

mw4me loader
P/E Ratio (SA):
4.03
Market Cap:
28 Cr.
52-wk low:
9.8
52-wk high:
103.8

Is Miven Machine Tools Ltd an attractive stock to invest in?

1. Is Miven Machine Tools Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Miven Machine Tools Ltd is a average quality company.

2. Is Miven Machine Tools Ltd undervalued or overvalued?

The key valuation ratios of Miven Machine Tools Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Miven Machine Tools Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Miven Machine Tools 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 Miven Machine Tools:

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.
Miven Machine Tools 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 % -17.7%-187.8%-328.5%1,857.2%84.7%22.1%-15.9%24.2%21.7%-57.3%-
Value Creation
Index
NANANANANANANANANA-5.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.66.53.72.82.14.85.80.52.512
Sales YoY Gr.--2.1%-42.5%-24.7%-26.8%136.1%19.4%-91.2%388.2%-59%-
Adj EPS -5.4-8.2-8.5-9.7-9.6-5.1-1.2-4.4-56.823.2
YoY Gr.-NANANANANANANANANA-
BVPS (₹) -23.3-31.7-40.2-46.8-52.5-50.3-30.8-35.1-40.1-15.4-19.1
Adj Net
Profit
-1.6-2.5-2.6-2.9-2.9-1.5-0.4-1.3-1.527
Cash Flow from Ops. 2.90.9-2.71.7-0.4-0.7-0.20-0.14.1-
Debt/CF from Ops. 3.110.6-4.97.6-31.3-16.9-33.5-517.9-113.70.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -18.8%-13%-43.9%-59%
Adj EPS NANANANA
BVPSNANANANA
Share Price - 63.2% 133.3% 641.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
26.529.923.622.319.49.9313.513.2-24.5-134.4
Op. Profit
Mgn %
-3.1-16.1-26.4-52.5-76.2-18.2-29.5-156.4-36-73-83.3
Net Profit
Mgn %
-24.7-38.2-68.4-104.1-140.9-31.7-6.4-261.4-59.9199.6375.4
Debt to
Equity
-1.3-1-1.1-0.9-0.9-0.8-0.6-0.6-0.5-0.5-
Working Cap
Days
4714186266851,0214512601,827322648166
Cash Conv.
Cycle
1901201602664671387574617-35-338

Recent Performance Summary

Sales growth is good in last 4 quarters at 129.38%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -43.91%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Miven Machine Tools Ltd.

Standalone Consolidated
TTM EPS (₹) 23.2 -
TTM Sales (₹ Cr.) 1.9 -
BVPS (₹.) -19.1 -
Reserves (₹ Cr.) -9 -
P/BV -4.89 -
PE 4.03 -
From the Market
52 Week Low / High (₹) 9.78 / 103.80
All Time Low / High (₹) 3.86 / 103.80
Market Cap (₹ Cr.) 28
Equity (₹ Cr.) 3
Face Value (₹) 10
Industry PE 46

Management X-Ray of Miven Machine Tools:

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 Miven Machine Tools

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
Sales6.616.473.722.802.054.845.780.512.491.02
Operating Expenses 6.817.514.714.273.615.727.481.313.381.77
Manufacturing Costs1.301.090.630.280.400.600.540.320.120.08
Material Costs3.394.382.252.731.603.435.37-0.021.700.86
Employee Cost 0.700.730.750.580.800.880.960.651.240.15
Other Costs 1.421.321.080.690.800.810.600.360.330.67
Operating Profit -0.21-1.04-0.98-1.47-1.56-0.88-1.70-0.80-0.89-0.75
Operating Profit Margin (%) -3.1%-16.1%-26.4%-52.5%-76.2%-18.2%-29.5%-156.0%-35.9%-73.0%
Other Income 0.120.010.140.611.622.638.720.090.030.91
Interest 1.431.231.531.901.841.411.200.530.550.36
Depreciation 0.120.210.170.160.150.110.100.090.080.05
Exceptional Items 0000000007.62
Profit Before Tax -1.63-2.47-2.55-2.92-1.930.235.71-1.33-1.497.38
Tax 0000000000
Profit After Tax -1.63-2.47-2.55-2.92-1.930.235.71-1.33-1.497.38
PAT Margin (%) -24.7%-38.2%-68.4%-104.0%-94.1%4.9%98.8%-261.0%-59.8%720.8%
Adjusted EPS (₹)-5.4-8.2-8.5-9.7-6.40.819.0-4.4-5.024.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -6.99-9.53-12.08-14.05-15.76-15.12-9.25-10.55-12.03-4.63
Share Capital 3333333333
Reserves -9.99-12.53-15.08-17.05-18.76-18.12-12.25-13.55-15.04-7.63
Minority Interest0000000000
Debt8.119.2313.2712.6813.3512.555.905.966.422.24
Long Term Debt6.415.446.716.4577.495.905.966.422.24
Short Term Debt1.703.796.566.246.355.060000
Trade Payables4.944.443.363.353.923.242.382.342.141.41
Others Liabilities 4.824.463.294.395.625.724.935.716.023.06
Total Liabilities 10.878.617.846.387.136.393.963.462.542.08

Fixed Assets

Gross Block4.094.404.310.9810.950.650.650.630.63
Accumulated Depreciation2.943.213.300.160.310.420.390.480.560.61
Net Fixed Assets1.151.181.010.830.690.530.260.170.070.02
CWIP 0.21000.010.0100000
Investments 0.010.010.010.010.010.010.010.010.010.01
Inventories7.205.335.024.395.324.631.852.071.171.31
Trade Receivables1.060.840.350.300.090.340.310.170.390.04
Cash Equivalents 0.230.190.200.370.140.171.150.730.640.25
Others Assets1.031.061.260.480.880.700.380.320.270.46
Total Assets 10.878.617.846.387.136.393.963.462.542.08

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.870.87-2.731.68-0.43-0.74-0.18-0.01-0.064.14
PBT -1.63-2.47-2.55-2.92-1.930.235.71-1.33-1.497.38
Adjustment 1.531.421.712.060.65-0.97-7.310.610.540.22
Changes in Working Capital 2.981.92-1.892.540.85-01.430.710.89-3.46
Tax Paid -0.01000000000
Cash Flow From Investing Activity -0.160.02-0.070.091.182.598.100.590.47-0.02
Capex -0.24-0.1000.021.172.588.8600.020
Net Investments 00000000.530.42-0.03
Others 0.070.11-0.070.070.020.01-0.760.060.030.01
Cash Flow From Financing Activity -2.77-0.832.74-1.54-0.99-1.82-7.71-0.48-0.08-4.54
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.83-1.861.270.680.740.88-1.460.060.47-4.18
Interest Paid -1.25-1.06-1.29-1.90-1.84-1.41-1.20-0.53-0.55-0.36
Dividend Paid 0000000000
Others -2.342.102.76-0.320.12-1.30-5.06000
Net Cash Flow -0.050.06-0.060.23-0.230.030.210.100.33-0.42
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.660.740.490.440.30.721.120.140.830.44
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-3.22-0.03N/AN/A0.56
Working Capital Days
Receivable Days714854373416211734176
Inventory Days3443174685468663752051,403238441
Payable Days4083916334498273801910480749

Miven Machine Tools Ltd Stock News

Miven Machine Tools Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Miven Machine Tools on 28-Mar-2024 16:01 is ₹93.23.
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 Miven Machine Tools stood at ₹28.00.
The latest P/E ratio of Miven Machine Tools as of 28-Mar-2024 16:01 is 4.03.
The latest P/B ratio of Miven Machine Tools as of 28-Mar-2024 16:01 is -4.89.
The 52-week high of Miven Machine Tools is ₹103.8 and the 52-week low is ₹9.78.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Miven Machine Tools is ₹1.85 ( Cr.) .

About Miven Machine Tools Ltd

Miven Machine Tools was earlier known as Kirloskar Warner Swasey and was incorporated in 1985 as a joint venture between The Mysore Kirloskar and Warner and Swasey Company USA. Right from its inception, the company has taken strides with amazing pace and confidence by introducing state of the art turning machines.

Looking at the rapid growth of the company, Giddings and Lewis, USA found this to be a lucrative venture and brought it under its wing. In 1998, the company joined Giddings and Lewis family. In the year 2002, NASPL acquired a major stake in Giddings and Lewis India and renamed the company as Miven Machine Tools (MMTL).   MMTL is a public limited company having equity holding of 87% by NASPL and balance 13% with the public. Miven is pioneer in the areas of manufacturing of industrial equipments, chip and coolant disposable systems, investments, software and trading. MIVEN was founded by NA Sirur group of companies (NASPL) in the year 1981.

MMTL is located in Tarihal Industrial Area, Hubli. The plant is spread over 21 acres of land with 32,000 square feet of built up area.

Business area of the company

MMTL caters to a wide range of CNC Turning machines ranging from a diameter of 160 to 800 mm chuck size with 350 - 3000 mm admit between centers. Miven offers latest versions of CNC controllers and drives. Miven’s popular model WSU-12 is renowned not only in India but also in European Countries and US. Miven redesigned its universal series to Chucker series for catering to automobile industry requirements. Miven has also developed and supplied machines with live tool and ‘C’ axis (turn mill centers).

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