Micro Forge (India) Ltd - Stock Valuation and Financial Performance

Name: Micro Forge (India)
Brand: Micro Forge (India)

BSE: 522298 | NSE: | Forgings | Small Cap

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Micro Forge (India) stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

1.5 Cr.

52-wk low:

2.8

52-wk high:

2.8

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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3. Is a good buy now?

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10 Year X-Ray of Micro Forge (India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	TTM
ROCE % ⓘ	0%	8%	8.8%	3.9%	7.6%	6.5%	6%	16.4%	-53%	-22.1%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	22.7	30.6	26.9	27.1	44.4	53.2	70.3	76.6	19.6	0
Sales YoY Gr.	-	NA	35%	-12%	0.6%	64%	19.8%	32%	9%	-74.5%	-
Adj EPS ⓘ	0	0.5	1.2	-0	1.5	0.4	1	5.5	-30.7	-16.8	-0.2
YoY Gr.	-	NA	125.5%	-100.9%	NA	-70.6%	127.9%	464.3%	-654.8%	NA	-
BVPS (₹) ⓘ	0	15.4	17.6	19.9	21.5	15.1	15.8	21.3	-9.5	-26.3	47.6
Adj Net Profit ⓘ	0	0.3	0.6	0	0.8	0.2	0.6	3.1	-17.2	-9.4	0
Cash Flow from Ops. ⓘ	0	-2.5	2.2	-1.9	-2.1	4.1	0.2	-0.7	-13.4	-0.7	-
Debt/CF from Ops. ⓘ	0	-4	3.6	-5.7	-6.8	3.7	83.3	-24.1	-2.7	-54.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	-6.3%	-28.4%	-74.5%
Adj EPS ⓘ	NA	-263.1%	-358%	NA
BVPSⓘ	NA	-204.2%	-218.6%	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	TTM
Return on Equity % ⓘ	3	6.7	-0.1	6.9	2.3	6.3	29.8	-518.2	94.2	-1.9
Op. Profit Mgn % ⓘ	5	0.8	-5.5	-1.5	-1.5	0	-4.1	-22.1	-42.4	NAN
Net Profit Mgn % ⓘ	1.3	2.1	-0	3	0.5	1	4.4	-22.5	-48.3	-INF
Debt to Equity ⓘ	1.2	0.8	1	1.2	1.8	1.7	1.3	-6.7	-2.6	-
Working Cap Days ⓘ	229	174	207	275	204	205	163	135	366	0
Cash Conv. Cycle ⓘ	136	130	175	200	78	73	100	80	202	0

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Micro Forge (India) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.2	-
TTM Sales (₹ Cr.)	0	-
BVPS (₹.) ⓘ	47.6	-
Reserves (₹ Cr.) ⓘ	21	-
P/BV ⓘ	0.06	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	2.75 / 2.75
All Time Low / High (₹)	1.00 / 52.25
Market Cap (₹ Cr.)	1.5
Equity (₹ Cr.)	5.6
Face Value (₹)	10
Industry PE ⓘ	40.5

Management X-Ray of Micro Forge (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Micro Forge (India)

Analyst's Notes

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Key Ratios of Micro Forge (India)

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'98	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Sales	10.98	22.66	30.60	26.94	27.10	44.44	53.23	70.27	76.58	19.55
Operating Expenses ⓘ	9.59	21.52	30.37	28.46	27.57	45.12	53.60	73.12	93.55	27.85
Manufacturing Costs	1.24	2.91	4.40	4.34	3.79	4.84	8.02	8.12	10.97	1.70
Material Costs	7.56	16.70	22.96	21.03	21.33	35.92	38.83	59.29	78.79	25.21
Employee Cost	0.20	0.29	0.34	0.34	0.38	0.42	0.54	0.42	0.28	0.06
Other Costs ⓘ	0.59	1.61	2.68	2.74	2.06	3.94	6.20	5.29	3.51	0.88
Operating Profit ⓘ	1.40	1.14	0.23	-1.51	-0.47	-0.67	-0.37	-2.85	-16.96	-8.30
Operating Profit Margin (%)	12.7%	5.0%	0.8%	-5.6%	-1.7%	-1.5%	-0.7%	-4.1%	-22.2%	-42.4%
Other Income ⓘ	0.39	1.47	3.02	4.78	3.69	3.60	2.50	9.47	2.58	4.08
Interest ⓘ	0.88	1.67	1.41	1.13	1.45	1.97	1.22	1.59	2.62	5.01
Depreciation ⓘ	0.43	0.61	0.64	0.73	0.84	0.55	0.30	0.26	0.21	0.21
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0.47	0.33	1.20	1.41	0.93	0.42	0.61	4.77	-17.22	-9.45
Tax ⓘ	0	0.04	0.07	0.27	0.16	0.18	0.32	1.67	0.01	0
Profit After Tax	0.47	0.29	1.14	1.14	0.77	0.24	0.28	3.10	-17.24	-9.45
PAT Margin (%)	4.3%	1.3%	3.7%	4.2%	2.8%	0.5%	0.5%	4.4%	-22.5%	-48.3%
Adjusted EPS (₹)	0.9	0.5	2.0	2.0	1.4	0.4	0.5	5.5	-30.7	-16.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'98	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Equity and Liabilities
Shareholders Fund	9.86	9.06	10.20	11.44	12.20	8.55	8.84	11.94	-5.30	-14.75
Share Capital ⓘ	5.61	5.61	5.61	5.61	5.61	5.61	5.61	5.61	5.61	5.61
Reserves ⓘ	4.26	3.46	4.60	5.83	6.59	2.95	3.23	6.33	-10.91	-20.36
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7.64	9.96	7.94	10.69	14.11	14.80	14.89	15.62	35.72	37.97
Long Term Debt	7.64	9.96	7.94	10.69	14.11	14.80	14.89	15.62	35.72	37.97
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	3.22	3.61	0.50	1.31	3.01	9.54	1.34	4.29	8.87	0.55
Others Liabilities ⓘ	0.55	0.21	0.19	0.29	0.24	0.46	14.48	4.43	0.12	3.24
Total Liabilities ⓘ	21.27	22.84	18.83	23.73	29.56	33.36	39.54	36.28	39.42	27.01
Fixed Assets
Gross Block	9	8.09	8.50	9.52	10.92	11.24	11.59	11.70	11.65	11.56
Accumulated Depreciation	1.47	2.98	3.62	4.35	5.19	9.63	9.93	10.19	10.40	10.53
Net Fixed Assetsⓘ	7.53	5.11	4.88	5.17	5.73	1.62	1.66	1.51	1.25	1.02
CWIP ⓘ	0.38	0.10	0.08	0.06	0.06	0.06	0	0	6.73	7.86
Investmentsⓘ	0.02	0.02	0.02	0.02	0.02	4.73	4.73	4.73	4.73	4.73
Inventories	6.83	10.07	8.09	8.22	7.71	9.68	13.11	21.61	14.57	0.47
Trade Receivables	3.39	4.11	3.53	7.70	10.20	4.04	5.57	3.35	5.26	8.80
Cash Equivalents	0.38	0.84	0.63	0.52	0.47	0.17	0.15	0.12	0.16	0.69
Others Assetsⓘ	2.74	2.59	1.60	2.04	5.37	13.07	14.33	4.96	6.72	3.45
Total Assets ⓘ	21.27	22.84	18.83	23.73	29.56	33.36	39.54	36.28	39.42	27.01

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'98	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Cash Flow From Operating Activity ⓘ	-0.02	-2.50	2.20	-1.87	-2.07	4.05	0.18	-0.65	-13.38	-0.70
PBT ⓘ	1.27	1.78	2.51	2.24	2.16	1.97	1.28	4.64	-14.69	-4.51
Adjustment ⓘ	0.52	0.70	0.72	0.81	0.93	0.64	0.39	0.26	0.21	0.13
Changes in Working Capital ⓘ	-1.01	-3.49	0.34	-3.91	-3.77	3.17	-0.5	-4.01	3.65	8.62
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-0.73	-0.02	-0.39	-0.99	-1.40	-5.03	-0.29	-0.11	-6.68	-1.03
Capex	-0.67	-0.06	-0.41	-1.01	-1.40	-0.33	-0.35	-0.11	-6.68	0.10
Net Investments	0	0	0	0	0	-4.71	0.06	0	0	0
Others ⓘ	-0.07	0.04	0.02	0.02	0.01	0	0	0	0	-1.13
Cash Flow From Financing Activityⓘ	0.45	2.68	-2.02	2.76	3.42	0.69	0.08	0.73	20.10	2.25
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-0.21	0.78	-1.14	-0.40	3.42	0.69	0.08	0.73	20.10	2.25
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.66	1.90	-0.88	3.16	0	0	0	0	0	0
Net Cash Flow ⓘ	-0.31	0.15	-0.21	-0.11	-0.05	-0.30	-0.03	-0.03	0.04	0.52

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'98	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Ratios
ROE (%)	5.17	3.23	12.32	10.85	6.6	2.34	3.28	29.84	N/A	N/A
ROCE (%)	8.08	11.29	14.35	12.8	9.92	9.64	7.78	24.81	N/A	N/A
Asset Turnover Ratio	0.52	1.04	1.47	1.27	1.02	1.41	1.46	1.85	2.02	0.59
PAT to CFO Conversion(x)	-0.04	-8.62	1.93	-1.64	-2.69	16.88	0.64	-0.21	N/A	N/A
Working Capital Days
Receivable Days	113	60	46	76	121	58	33	23	21	131
Inventory Days	227	135	108	110	107	71	78	90	86	140
Payable Days	155	75	33	16	37	64	51	17	30	68

Micro Forge (India) Ltd Stock News

Micro Forge (India) Ltd FAQs

What is the share price of Micro Forge (India)?

Company share prices are keep on changing according to the market conditions. The closing price of Micro Forge (India) on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Micro Forge (India)?

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 01-Jan-1970 05:30 the market cap of Micro Forge (India) stood at ₹1.54.

What is the P/E ratio of Micro Forge (India)?

The latest P/E ratio of Micro Forge (India) as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Micro Forge (India)?

The latest P/B ratio of Micro Forge (India) as of 01-Jan-1970 05:30 is 0.06.

What is the 52-week high and low of Micro Forge (India)?

The 52-week high of Micro Forge (India) is ₹2.75 and the 52-week low is ₹2.75.

What is the TTM revenue of Micro Forge (India)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Micro Forge (India) is ₹0.00 ( Cr.) .

About Micro Forge (India) Ltd

Micro Forge was incorporated in the year 1989 as private limited company and became public limited in 1993.The company is engaged in the manufacturing of flanges, crank shafts and other automobile parts. The huge visionary attitude of its director expanded the company by three fold, in the year 2001 its utilization rose to 101%.

MICRO Forgeâ€™s manufacturing facility is spread over 6 acres of land with built-up are of 6773 sq. mtrs. Situated over Rajkot-Gondal National Highway conveniently accessible by four track road from Rajkot city.

Having installed capacity of 14000 tonnes per anum, its stringent quality control measure and full proof system got accredited with ISO-9001 certification and registration of CRN of its product with 'MICRO' brand name. The company's carbon steel forged flanges and forged components largely shipped to USA and European countries. Its export house has been approved by the Government of India.

The companyâ€™s ability to develop & manufacture customized automotive spare on the basis of buyers technical drawings is its real strength. It can forge in Alloy Steel, SS, Carbon Steel etc. Partially of fully machined like Connecting Rods, Crankshafts/Camshafts, Crown Wheels, bull gears and various range of auto part. 0.5kg - 0.40kg single Piece Weight.

The company is equipped with the most modern forge shop and machining facilities available under one roof adhering to stringent quality control measure. The entire system is backed by proper documentation, traceability until the end product, with full proof checks required as per ISO regulations.

Product range of the company includes:

Flanges : It has wide range of forged & machined flanges made from carbon steel material confirming to ASTM, DIN, JIS, GOST, ETC.

Carbon Steel
Din
Plate
Slip-On
Weld-Neck
Blind Socket
Threaded
Lap-Joint

Automobile Parts

Crank Shaft

Different divisions of the company:

Forgeing
Die Shop
Cutting Shop

Certifications

Government of India, Ministry of Commerce has recognized the company as export house
The company is having the all province of Candian registratiom
The company also holds the TUV Certificate