1. Is Madras Fertilizers Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Madras Fertilizers Ltd is a below average quality company.
2. Is Madras Fertilizers Ltd undervalued or overvalued?
The key valuation ratios of Madras Fertilizers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Madras Fertilizers Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Madras Fertilizers Ltd is likely to Rise-somewhat 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.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||15.2%||22.8%||-7.3%||-6.5%||7.8%||0.7%||-4.3%||-4.9%||9%||24.2%||-|
|Value Creation Index ⓘ||0.1||0.6||NA||NA||-0.4||NA||NA||NA||-0.4||0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||10.5%||-34.4%||-29.4%||15.8%||16.1%||-1.4%||-18.9%||18.6%||50.2%||-|
|Adj EPS ⓘ||1.6||6.2||-8.8||-8.5||0.2||-3.7||-8.1||-7.8||0.2||10||14.6|
|YoY Gr. Rt. %||-||294.3%||-240.9%||NA||NA||-1759.1%||NA||NA||NA||4920%||-|
|BVPS (₹) ⓘ||-19.1||-12.9||-21.3||-33.1||-26.8||-30.6||-35.8||-45.4||-43.2||-31.4||-26|
|Adj Net Profit ⓘ||25.5||100||-141||-136||3.5||-58.8||-131||-125||3.2||162||236|
|Cash Flow from Ops. ⓘ||2.8||-107||-64.7||-19.3||220||-150||-22.6||104||492||-317||-|
|Debt/CF from Ops. ⓘ||316.2||-10.5||-20.1||-73.7||5.7||-10||-73||17.4||2.8||-5.5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||22.8%||114.7%||NA||4920%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||-8||-39.2||51.5||31.2||-0.7||12.8||24.6||19.2||-0.5||-27||-50.9|
|Op. Profit Mgn % ⓘ||5.7||9||-1.8||0.6||5.8||1.5||-0.1||-0.1||8.8||10.8||10.3|
|Net Profit Mgn % ⓘ||1.1||3.9||-8.3||-11.4||0.3||-3.6||-8.2||-9.7||0.2||7||7.5|
|Debt to Equity ⓘ||-2.9||-5.4||-3.8||-2.7||-2.9||-3.1||-2.9||-2.5||-2||-3.4||-|
|Working Cap Days ⓘ||89||152||283||328||249||236||272||288||189||168||140|
|Cash Conv. Cycle ⓘ||10||-34||-54||-9||14||-9||-14||97||100||87||0|
Sales growth is growing at healthy rate in last 3 years 13.06%
Sales growth is good in last 4 quarters at 79.63%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
|TTM EPS (₹)||14.6||-|
|TTM Sales (₹ Cr.)||3,150||-|
|BVPS (₹.) ⓘ||-26||-|
|Reserves (₹ Cr.) ⓘ||-581||-|
|From the Market|
|52 Week Low / High (₹)||25.45 / 61.80|
|All Time Low / High (₹)||3.25 / 61.80|
|Market Cap (₹ Cr.)||925|
|Equity (₹ Cr.)||161.1|
|Face Value (₹)||10|
|Industry PE ⓘ||9.7|
Madras Fertilizers (MFL) was incorporated on December 8, 1966 as a joint venture between GOI and AMOCO India incorporated of U.S.A (AMOCO) in accordance with the Fertilizer Formation Agreement executed on May 14, 1966 with equity contributions of 51% and 49% respectively. In accordance with the participation agreement between GOI, AMOCO and National Iranian Oil Company (NIOC), an undertaking of Government of Iran, NIOC acquired 50% of the shareholding of AMOCO in MFL on November 22, 1972. With this acquisition, shareholding of AMOCO and NIOC were at 24.5% each, with the balance 51% being held by GOI. Subsequently, on July 22, 1985, the shareholding of AMOCO was proportionately purchased by GOI and NIOC. As a result, GOI and NIOC shareholding was revised to 67.55% and 32.45% respectively. Subsequent to the issue of rights shares in 1994 for part-financing the project, the holding of GOI and NIOC stood at 69.78% and 30.22% respectively. MFL had an initial public offering of its shares in May 1997.
Business area of the company
The company is engaged in the manufacture of Ammonia, Urea, Complex Fertilizers and Biofertilizers. The company’s activities include marketing of these fertilizers and trading in Agro Chemicals in accordance with the corporate objective. It has been striving to develop and maintain an Organisational environment, that motivates the individual, encourages personal initiative, innovation and creativity. The company is also engaged in manufacturing Bio-fertilizers and marketing of eco-friendly Organic fertilizers and Neem Pesticides under the brand name “VIJAY”.