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Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mysore Petro Chemicals Ltd is a below average quality company.
The key valuation ratios of Mysore Petro Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mysore Petro Chemicals Ltd is likely to Fall 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.3% | 20% | 6.8% | 7.8% | 11.4% | 4% | 4.4% | -0.9% | 8.5% | 4.2% | - |
| Value Creation Index ⓘ | -0.2 | 0.4 | -0.5 | -0.4 | -0.2 | -0.7 | -0.7 | -1.1 | -0.4 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.9 | 32.9 | 23.3 | 30.3 | 6.2 | 32.6 | 13 | 22.8 | 20.9 | 18.4 | 19 |
| Sales YoY Gr. | - | -17.7% | -29.2% | 30.1% | -79.4% | 423% | -60.2% | 76% | -8.5% | -11.9% | - |
| Adj EPS ⓘ | 5.3 | 10.6 | 2.9 | 3.2 | 10.7 | 5.2 | 5.9 | -1.6 | 11.6 | 5.5 | 11.4 |
| YoY Gr. | - | 99.6% | -72.3% | 8.8% | 232.8% | -51.4% | 13.9% | -126.3% | NA | -52.7% | - |
| BVPS (₹) ⓘ | 36.2 | 44.5 | 46.2 | 49.2 | 129.6 | 133.3 | 137.1 | 133.5 | 144.9 | 148.6 | 157.6 |
| Adj Net Profit ⓘ | 3.5 | 7 | 1.9 | 2.1 | 7 | 3.4 | 3.9 | -1 | 7.6 | 3.6 | 7 |
| Cash Flow from Ops. ⓘ | 11.4 | 11.4 | 5.1 | 5.3 | -24.5 | -1.6 | -2 | -5 | -1.7 | -10.4 | - |
| Debt/CF from Ops. ⓘ | 1.3 | 0.6 | 1.3 | 1.2 | -0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -8.2% | 24.2% | 12.4% | -11.9% | ||||
| Adj EPS ⓘ | 0.4% | -12.4% | -2.4% | -52.7% | ||||
| BVPSⓘ | 17% | 2.8% | 2.7% | 2.6% | ||||
| Share Price | 28.9% | 22.8% | 35.7% | 61.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.3 | 23.8 | 6.5 | 6.7 | 11.9 | 3.9 | 4.4 | -1.2 | 8.3 | 3.7 | 7.4 |
| Op. Profit Mgn % ⓘ | 26.4 | 47.1 | 26.4 | 19.1 | -56.5 | -8 | -19.1 | -9.4 | -13.2 | -20.2 | -29.8 |
| Net Profit Mgn % ⓘ | 8.8 | 21.3 | 8.3 | 7 | 112.6 | 10.5 | 29.9 | -4.5 | 36.6 | 19.7 | 38.6 |
| Debt to Equity ⓘ | 0.6 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 242 | 219 | 203 | 74 | 1,725 | 535 | 1,148 | 573 | 319 | 115 | 267 |
| Cash Conv. Cycle ⓘ | 41 | 27 | 27 | 13 | 37 | -21 | -46 | 20 | 43 | 61 | 249 |
Return on Equity has increased versus last 3 years average to 7.40%
Sales growth is growing at healthy rate in last 3 years 12.36%
Sales growth is good in last 4 quarters at 19.82%
Net Profit has been subdued in last 3 years -2.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 11.4 | 16.5 |
| TTM Sales (₹ Cr.) | 19.3 | 19.3 |
| BVPS (₹.) ⓘ | 157.6 | 336.6 |
| Reserves (₹ Cr.) ⓘ | 97 | 215 |
| P/BV ⓘ | 1.17 | 0.55 |
| PE ⓘ | 16.20 | 11.11 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 107.05 / 235.00 |
| All Time Low / High (₹) | 1.15 / 253.12 |
| Market Cap (₹ Cr.) | 121 |
| Equity (₹ Cr.) | 6.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 49.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 33 | 23 | 30 | 6 | 33 | 13 | 23 | 21 | 18 |
| Operating Expenses ⓘ | 30 | 17 | 17 | 25 | 10 | 36 | 16 | 25 | 24 | 26 |
| Manufacturing Costs | 4 | 2 | 3 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 7 | 1 | 1 | 5 | 6 | 32 | 12 | 22 | 20 | 18 |
| Employee Cost | 13 | 10 | 9 | 11 | 2 | 2 | 2 | 2 | 2 | 3 |
| Other Costs ⓘ | 7 | 4 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 5 |
| Operating Profit ⓘ | 10 | 15 | 6 | 6 | -4 | -3 | -3 | -2 | -3 | -7 |
| Operating Profit Margin (%) | 25.9% | 47.1% | 26.3% | 18.8% | -57.2% | -10.3% | -19.6% | -9.4% | -13.2% | -38.8% |
| Other Income ⓘ | 0 | 1 | 1 | 1 | 10 | 9 | 8 | 10 | 14 | 13 |
| Interest ⓘ | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation ⓘ | 4 | 3 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 65 | 0 | 0 | -7 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 12 | 4 | 3 | 71 | 5 | 5 | 0 | 11 | 5 |
| Tax ⓘ | 1 | 5 | 2 | 1 | 17 | 1 | 1 | 1 | 2 | 0 |
| Profit After Tax | 3 | 7 | 2 | 2 | 54 | 4 | 4 | -1 | 9 | 4 |
| PAT Margin (%) | 8.4% | 22.0% | 8.3% | 6.8% | 859.5% | 12.1% | 31.3% | -4.5% | 41.9% | 22.2% |
| Adjusted EPS (₹) | 5.1 | 11.0 | 2.9 | 3.1 | 81.3 | 6.0 | 6.2 | -1.6 | 13.3 | 6.2 |
| Dividend Payout Ratio (%) | 29% | 18% | 34% | 32% | 2% | 34% | 32% | -129% | 19% | 40% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 29 | 29 | 30 | 32 | 85 | 88 | 90 | 88 | 95 | 98 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 23 | 23 | 24 | 26 | 79 | 81 | 84 | 81 | 89 | 91 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 14 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 14 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 2 | 2 | 3 | 2 | 1 | 3 | 2 | 1 | 1 | 0 |
| Others Liabilities ⓘ | 15 | 13 | 11 | 9 | 4 | 3 | 4 | 4 | 6 | 5 |
| Total Liabilities ⓘ | 61 | 51 | 50 | 49 | 90 | 94 | 96 | 94 | 102 | 103 |
Fixed Assets | ||||||||||
| Gross Block | 138 | 113 | 127 | 116 | 25 | 6 | 6 | 5 | 5 | 5 |
| Accumulated Depreciation | 110 | 91 | 94 | 97 | 20 | 3 | 3 | 3 | 4 | 3 |
| Net Fixed Assetsⓘ | 29 | 21 | 33 | 19 | 5 | 3 | 2 | 2 | 2 | 1 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 9 | 9 | 9 | 24 | 31 | 45 | 52 | 44 | 81 | 73 |
| Inventories | 3 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 6 | 4 | 3 | 2 | 0 | 0 | 1 | 5 | 2 | 5 |
| Cash Equivalents | 0 | 1 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 7 |
| Others Assetsⓘ | 14 | 15 | 3 | 2 | 53 | 42 | 39 | 41 | 17 | 16 |
| Total Assets ⓘ | 61 | 51 | 50 | 49 | 90 | 94 | 96 | 94 | 102 | 103 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 11 | 11 | 5 | 5 | -25 | -2 | -2 | -5 | -2 | -10 |
| PBT ⓘ | 4 | 12 | 4 | 3 | 71 | 5 | 5 | 0 | 11 | 5 |
| Adjustment ⓘ | 6 | 4 | 3 | 4 | -9 | -6 | -5 | 0 | -11 | -12 |
| Changes in Working Capital ⓘ | 2 | -1 | -0 | -0 | -4 | 1 | -1 | -5 | -1 | -4 |
| Tax Paid ⓘ | -1 | -4 | -1 | -1 | -18 | -1 | 0 | 0 | 0 | 1 |
| Cash Flow From Investing Activity ⓘ | -3 | 0 | -1 | -3 | 25 | 6 | 2 | 6 | 2 | 18 |
| Capex | -2 | -1 | -2 | -2 | 23 | 3 | 0 | 0 | -1 | 0 |
| Net Investments | 0 | 0 | 0 | -1 | -6 | -14 | -8 | -10 | -31 | 14 |
| Others ⓘ | 0 | 0 | 1 | 1 | 8 | 18 | 10 | 15 | 34 | 5 |
| Cash Flow From Financing Activityⓘ | -9 | -11 | -3 | -3 | -1 | -2 | -2 | -1 | -1 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -8 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | -2 | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | -1 | -2 | -1 | -1 | -2 | -2 | -1 | -1 | -2 |
| Others ⓘ | -8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 0 | 0 | 3 | -1 | -1 | -1 | 6 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.84 | 27.17 | 6.45 | 6.57 | 90.94 | 4.54 | 4.56 | -1.15 | 9.55 | 4.23 |
| ROCE (%) | 17.03 | 37.05 | 12.03 | 10.94 | 113.61 | 5.43 | 5.23 | 0.21 | 11.9 | 5.28 |
| Asset Turnover Ratio | 0.65 | 0.66 | 0.52 | 0.67 | 0.09 | 0.35 | 0.14 | 0.24 | 0.21 | 0.18 |
| PAT to CFO Conversion(x) | 3.67 | 1.57 | 2.5 | 2.5 | -0.46 | -0.5 | -0.5 | N/A | -0.22 | -2.5 | Working Capital Days |
| Receivable Days | 78 | 50 | 47 | 24 | 0 | 4 | 16 | 45 | 57 | 69 |
| Inventory Days | 52 | 24 | 32 | 25 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 323 | 606 | 741 | 166 | 113 | 25 | 78 | 28 | 17 | 9 |
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.
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