MCON Rasayan India Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MCON | Chemicals | Small Cap

BSE Share Price
Not Listed

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MCON Rasayan India stock performance -

mw4me loader
P/E Ratio (SA):
67.57
Market Cap:
76.7 Cr.
52-wk low:
0
52-wk high:
0

Is MCON Rasayan India Ltd an attractive stock to invest in?

1. Is MCON Rasayan India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MCON Rasayan India Ltd is a below average quality company.

2. Is MCON Rasayan India Ltd undervalued or overvalued?

The key valuation ratios of MCON Rasayan India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is MCON Rasayan India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MCON Rasayan India 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 MCON Rasayan India:

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.
MCON Rasayan India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%5.9%9.6%10.5%10.6%-
Value Creation
Index
NANANANA-0.6-0.3-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00009919.23131
Sales YoY Gr.-NANANANA0.1%114%61.5%-
Adj EPS 00000.20.51.51.81.8
YoY Gr.-NANANANA231.3%175.5%23.3%-
BVPS (₹) 00004.95.37.121.221.2
Adj Net
Profit
000000.20.51.11
Cash Flow from Ops. 0000-0.60-2-5.3-
Debt/CF from Ops. 0000-5.7-206.3-3.8-1.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA51.3%61.5%
Adj EPS NANA124.1%23.3%
BVPSNANA63.3%198.5%
Share Price - - - 42.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
00003.312.323.614.48.5
Op. Profit
Mgn %
00007.510.17.58.7NAN
Net Profit
Mgn %
00000.422.63.73.7
Debt to
Equity
00002.91.93.10.6-
Working Cap
Days
000002701772050
Cash Conv.
Cycle
000009183740

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 51.26%

Net Profit is growing at healthy rate in last 3 years 124.07%

Debt to equity has declined versus last 3 years average to 0.63

Return on Equity has declined versus last 3 years average to 8.50%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - MCON Rasayan India Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -
TTM Sales (₹ Cr.) 31 -
BVPS (₹.) 21.2 -
Reserves (₹ Cr.) 7 -
P/BV 5.74 -
PE 67.57 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 76.7
Equity (₹ Cr.) 6.3
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of MCON Rasayan India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MCON Rasayan India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales8.978.9819.2231.04
Operating Expenses 8.298.0717.7828.36
Manufacturing Costs1.891.753.975.88
Material Costs43.909.8115.92
Employee Cost 1.491.342.053.30
Other Costs 0.911.081.963.24
Operating Profit 0.670.911.432.68
Operating Profit Margin (%) 7.5%10.1%7.5%8.6%
Other Income 00.020.010.01
Interest 0.310.400.430.78
Depreciation 0.310.280.320.38
Exceptional Items 0000
Profit Before Tax 0.050.250.691.54
Tax 0.020.070.200.40
Profit After Tax 0.040.190.501.14
PAT Margin (%) 0.4%2.1%2.6%3.7%
Adjusted EPS (₹)0.20.61.51.8
Dividend Payout Ratio (%)0%8%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1.111.782.4013.38
Share Capital 1.011.501.506.30
Reserves 0.100.280.907.07
Minority Interest0000
Debt3.153.066.967.81
Long Term Debt1.401.412.153.56
Short Term Debt1.751.654.814.25
Trade Payables3.052.553.917
Others Liabilities 0.400.851.121.97
Total Liabilities 7.708.2414.3930.15

Fixed Assets

Gross Block1.952.252.572.74
Accumulated Depreciation0.680.961.231.61
Net Fixed Assets1.271.291.341.13
CWIP 001.175.69
Investments 0000
Inventories1.372.414.336.56
Trade Receivables3.153.615.1610.27
Cash Equivalents 0.030.050.090.28
Others Assets1.880.862.316.23
Total Assets 7.708.2414.3930.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.57-0.02-1.97-5.26
PBT 0.050.250.691.54
Adjustment 0.680.710.751.47
Changes in Working Capital -1.22-0.94-3.33-8.06
Tax Paid -0.08-0.04-0.08-0.21
Cash Flow From Investing Activity -0.11-0.29-1.49-4.68
Capex -0.11-0.30-1.49-4.68
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 0.630.343.5010.12
Net Proceeds from Shares 0.510.4909.84
Net Proceeds from Borrowing -0.070.010.741.41
Interest Paid -0.31-0.40-0.43-0.78
Dividend Paid 00-0.020
Others 0.500.243.20-0.35
Net Cash Flow -0.050.030.030.19
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.2712.9223.6814.39
ROCE (%)8.4213.6214.8714.64
Asset Turnover Ratio1.161.131.71.39
PAT to CFO Conversion(x)-14.25-0.11-3.94-4.61
Working Capital Days
Receivable Days1281388391
Inventory Days56776464
Payable Days278262120125

MCON Rasayan India Ltd Stock News

MCON Rasayan India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MCON Rasayan India on 01-Jan-1970 05:30 is ₹0.00.
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 MCON Rasayan India stood at ₹76.72.
The latest P/E ratio of MCON Rasayan India as of 01-Jan-1970 05:30 is 67.57.
The latest P/B ratio of MCON Rasayan India as of 01-Jan-1970 05:30 is 5.74.
The 52-week high of MCON Rasayan India is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MCON Rasayan India is ₹31.04 ( Cr.) .

About MCON Rasayan India Ltd

MCON Rasayan India was originally incorporated as ‘MCON Rasayan Private Limited’ a Private Limited Company under the Companies Act, 2013 at its registered office situated at Jogeshwari, Mumbai, pursuant to a certificate of incorporation dated September 22, 2016 issued by the Registrar of Companies Maharashtra at Mumbai (RoC). Thereafter, the name the company was changed from ‘MCON Rasayan Private Limited’ to ‘MCON Rasayan India Private Limited’, pursuant to a special resolution passed by the shareholders of the company on September 23, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the RoC on October 17, 2022. Thereafter, name of the company was changed from ‘MCON Rasayan India Private Limited’ to Mcon Rasayan India Limited’ consequent to conversion of the company from private to public company, pursuant to a special resolution passed by the shareholders of the company on October 18, 2022, and a fresh certificate of incorporation consequent to conversion was issued by the RoC on December 12, 2022.

The company is in the business of manufacturing, marketing and selling of modern building materials and construction chemicals with a suite of many products which includes a range of construction materials and construction chemicals in both powder and liquid forms. Its powder products such as ready mix plaster, tile adhesives, block adhesives, wall putty, micro concrete & polymer mortar, engineering non-shrink grouts and floor hardeners are widely used in the building construction segment. Its liquid portfolio having products such as poly-urethane (PU) based liquid membrane, bonding agents, paints, anti-corrosive coatings, concrete admixtures and curing compounds. Its products are marketed and sold under the “MCON” brand.

The company has manufacturing plants, one each in Valsad and Navsari, Gujarat. Its plant at GIDC Sarigam, Valsad, Gujarat mainly manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems and waterproofing systems. Its other plant at Chikli, Navsari, Gujarat mainly manufactures readymix mortars, block adhesives and tile adhesives. Its manufacturing plants are situated at Valsad being the border of Maharashtra and Gujarat which is strategic location with respect to serving the western regional markets of the country. It has obtained certifications for manufacture and supply of construction & water proofing chemicals and paints in respect of its Unit I. It has also obtained IS 15477:2019 for Adhesive for use with ceramic, mosaic and stone tiles and IS 2645:2003 for Integral waterproofing compounds for cement, mortar and concrete. Further, it has obtained the Certificate of Compliance for its products, MCON Mortar, MCON NSA Grey Gold, MCON NSA Grey No Limit, MCON NSA White, MCON NSA White Gold, MCON NSA White No Limit and MCON LW, identified by the symbol “CE”.

Business area of the company

The company is engaged into the business of manufacturing and reselling of water proofing chemicals, construction materials and paints.

Products of the company

  • Building materials & construction chemicals
  • Chemical & mineral admixtures for concrete
  • Tile adhesives & grout
  • Waterproofing coating products
  • Concrete repairs & filler for walls & roof
  • Ready mix concrete mortar
  • Wall finishes paints & concrete textured wall paint
  • Anti corrosive coating products
  • Engineering grouts Industrial
  • Concrete essentials

Awards, accreditations or recognition

  • 2022: Awarded with “Iconic Brand of the year 2022” by Brand India.

History and milestones

  • 2016: Incorporation of the company.
  • 2019: Launch of flagship product “MCON Magic Coat PU”.
  • 2019: Achieved turnover of Rs 650 lakh.
  • 2021: Launch of MCON NSA Grey No Limit.
  • 2022: Conversion of the company from private limited to public limited.
  • 2022: Achieved turnover of Rs 1900 Lakh.
  • 2022: Obtained the certificate of conformity for Tile Adhesive identified by “CE”.
  • 2022: Renewed the IS certificate 15477: 2019 from the Bureau of Indian Standard.
  • 2022: Renewed the IS certificate 2645: 2003 from the Bureau of Indian Standard.
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