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Mysore Petro Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 220 users | BSE: 506734 | NSE: MYSORPETRO |
Chemicals
Mysore Petro Chemicals, incorporated on June 9, 1969, is engaged in the manufacturing and sale of chemicals. The company earlier known as Premier Petro Chemicals, it got its present name on September 3, 1970. The company is part of the M M Dhanuka group, which has promoted IG Petrochemicals...

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 3.07%-3.39%-5.35%9.07%11.29%19.99%6.82%7.81%11.36%3.97%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 82.477.673.413339.932.923.330.36.232.6
Y-o-Y Gr. Rt.--5.8%-5.4%80.8%-69.9%-17.7%-29.2%30.1%-79.4%423%
Adjusted EPS (Rs.) 0.36-5.97-7.033.155.3210.622.943.210.655.18
Y-o-Y Gr. Rt.--1758.3%NANA68.9%99.6%-72.3%8.8%232.8%-51.4%
Book Value per Share (Rs.) 41.9936.2129.7332.8436.2244.4546.1749.24129.64133.26
Adjusted Net Profit 0.2-3.9-4.62.13.571.92.173.4
Net Op. Cash Flow (Rs. Cr.) 4.2-4.56.95.911.411.45.15.3-24.5-1.6
Debt to Cash Flow from Ops 5.06-5.062.823.581.260.561.281.18-0.010
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.
Mysore Petro Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -9.8%-4%11.8%423%
Adjusted EPS 34.5%-0.5%20.8%-51.4%
Book Value per Share 13.729.842.42.8
Share Price 12.9% -0.7% -25% -9.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.57-10.79-15.77.612.2523.836.496.7111.913.94
Operating Profit Margin (%) 8.074.444.846.9726.447.1326.3919.05-56.53-8.04
Net Profit Margin (%) 0.28-5.07-6.311.568.7821.278.326.95112.5610.47
Debt to Equity 0.760.960.990.970.60.220.210.1900
Working Capital Days 739912879242219203741,725535
Cash Conversion Cycle 365454244127271337-21
Entity Percentage Holding
Promoters 72.99%
Institutions 2.99%
Non-Institutions 24.02%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mysore Petro Chem's performance infers:

Mysore Petro Chem earnings have declined by -0.5%, whereas share price has depreciated -0.7% 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 Mysore Petro Chem share prices over the last 10 years. Here is what we found out:

Mysore Petro Chem share price has depreciated 6.7% annually over the past ten years.

Mysore Petro Chemicals, incorporated on June 9, 1969, is engaged in the manufacturing and sale of chemicals. The company earlier known as Premier Petro Chemicals, it got its present name on September 3, 1970. The company is part of the M M Dhanuka group, which has promoted IG Petrochemicals and associate companies.

In the year 1969, the company entered into an agreement with Chemische Fabrik Von-Heyden GmbH, West Germany (Heyen) for the supply of know-how and catalyst for the manufacture

Mysore Petro Chemicals, incorporated on June 9, 1969, is engaged in the manufacturing and sale of chemicals. The company earlier known as Premier Petro Chemicals, it got its present name on September 3, 1970. The company is part of the M M Dhanuka group, which has promoted IG Petrochemicals and associate companies.

In the year 1969, the company entered into an agreement with Chemische Fabrik Von-Heyden GmbH, West Germany (Heyen) for the supply of know-how and catalyst for the manufacture of phthalic anhydride based on partial catalytic oxidation of orthoxylene. The overseas company also agreed to guarantee the performance.

The company also entered into an agreement with Lurgir Mineraloeltechnik GmbH, West Germany (Lurgi) for supply of basic engineering and special equipment for the battery limits plant from West Germany.

Mysore Petro Chemicals is located at Raichur in Karnataka and Taloja in Maharashtra. The manufacturing units have installed capacities of 12,000 MTPA phthalic anhydride and 5,400 MTPA maleic anhydride. The process know-how for the anhydride plant was supplied by Chemische Fabrik Von-Heyden GmbH, West Germany. The products find application in paints, plasticizers, polyvinyl compounds, alkyd resins, dyes and pigments and unsaturated polyester resins among other products.

The registered office of the company is at D/4, Jyothi Complex, 134/1, Infantry Road, Kumara Park, Bangalore-560001, Karnataka.

Business area of the company

The company is engaged in the manufacture and sale of chemicals. Its products include phthalicanhydride and maleicanhydride.

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

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