Mangalore Chemicals & Fertilizers Ltd - Stock Valuation and Financial Performance

BSE: 530011 | NSE: MANGCHEFER | Fertilizers | Small Cap

Mangalore Chem &Fert Share Price

131.95 0.70 0.53%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Mangalore Chem &Fert

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Mangalore Chemicals & Fertilizers stock performance -

mw4me loader
P/E Ratio (SA):
10.12
Market Cap:
1,566.2 Cr.
52-wk low:
95.1
52-wk high:
156.3

Is Mangalore Chemicals & Fertilizers Ltd an attractive stock to invest in?

1. Is Mangalore Chemicals & Fertilizers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mangalore Chemicals & Fertilizers Ltd is a below average quality company.

2. Is Mangalore Chemicals & Fertilizers Ltd undervalued or overvalued?

The key valuation ratios of Mangalore Chemicals & Fertilizers Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Mangalore Chemicals & Fertilizers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mangalore Chemicals & Fertilizers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Mangalore Chem &Fert:

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.
Mangalore Chemicals & Fertilizers 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.1%7.2%1.9%5.8%9.1%6.3%7.9%6.9%8.2%10.7%-
Value Creation
Index
-0.4-0.5-0.9-0.6-0.4-0.6-0.4-0.5-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3102,5772,9692,4792,6893,0742,7112,1442,8963,6423,795
Sales YoY Gr.--22.2%15.2%-16.5%8.5%14.3%-11.8%-20.9%35.1%25.8%-
Adj EPS 9.14.4-3.91.58.44.27.65.79.212.713.1
YoY Gr.--51.9%-189.3%NA453%-50.1%83%-25.3%60.9%38.8%-
BVPS (₹) 46.949.22930.740.341.84651.257.667.879.3
Adj Net
Profit
10852-46.317.998.949.490.467.5109151155
Cash Flow from Ops. -22.3613-13633732.9-262629962-87.2192-
Debt/CF from Ops. -68.31.8-10.23.641.5-6.52.40.9-15.47.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%6.3%10.3%25.8%
Adj EPS 3.8%8.8%18.6%38.8%
BVPS4.2%11%13.8%17.6%
Share Price 6.5% 31% 14.9% 29.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.78-8.74.32210.217.411.716.920.317.8
Op. Profit
Mgn %
8.37.15.46.97.96.98.99.48.39.19.9
Net Profit
Mgn %
3.32-1.60.73.71.63.33.23.84.14.1
Debt to
Equity
2.71.943.32.93.52.81.421.70.3
Working Cap
Days
18623820624321623126823413612261
Cash Conv.
Cycle
47987136150157110636611

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.80%

Sales growth is growing at healthy rate in last 3 years 10.34%

Net Profit is growing at healthy rate in last 3 years 18.60%

Debt to equity has declined versus last 3 years average to 1.69

Sales growth is good in last 4 quarters at 78.42%

No data to display

Latest Financials - Mangalore Chemicals & Fertilizers Ltd.

Standalone Consolidated
TTM EPS (₹) 13.1 4.5
TTM Sales (₹ Cr.) 3,795 2,088
BVPS (₹.) 79.3 0
Reserves (₹ Cr.) 821 219
P/BV 1.67 0.00
PE 10.12 29.24
From the Market
52 Week Low / High (₹) 95.10 / 156.25
All Time Low / High (₹) 1.15 / 156.25
Market Cap (₹ Cr.) 1,566
Equity (₹ Cr.) 118.5
Face Value (₹) 10
Industry PE 38.8

Management X-Ray of Mangalore Chem &Fert:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *77.8075.4849.2163.0663.8775.8665.9875.9248.0948.93
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Mangalore Chem &Fert

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3,3102,5772,9692,4792,6893,0742,7112,1442,8963,642
Operating Expenses 3,0902,4152,8682,3282,5362,8862,5071,9442,6853,332
Manufacturing Costs644399462409475515484423734813
Material Costs2,2461,8652,2201,7831,8812,2161,8471,3701,8022,373
Employee Cost 63636869687171687069
Other Costs 138871186811184105848077
Operating Profit 220162101151153188204200210309
Operating Profit Margin (%) 6.7%6.3%3.4%6.1%5.7%6.1%7.5%9.3%7.3%8.5%
Other Income 5111531441223332431
Interest 102126115116841111117749104
Depreciation 29293235373945505160
Exceptional Items 00-2170000000
Profit Before Tax 9418-24830755070106135176
Tax 23-19-81114176384741
Profit After Tax 7138-240196133656788135
PAT Margin (%) 2.1%1.5%-8.1%0.8%2.3%1.1%2.4%3.1%3.0%3.7%
Adjusted EPS (₹)6.03.2-20.31.65.12.85.55.77.411.4
Dividend Payout Ratio (%)20%19%0%31%20%36%9%18%16%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 636660405424477495546607683803
Share Capital 119119119119119119119119119119
Reserves 517541286305359377427489565685
Minority Interest0000000000
Debt1,5041,0661,3211,1621,3291,6631,4357861,2741,265
Long Term Debt227209124100197270224127218357
Short Term Debt1,2778561,1961,0621,1331,3931,2126591,056908
Trade Payables263503523431522512575329405243
Others Liabilities 230209205221179247247275359348
Total Liabilities 2,6332,4382,4532,2372,5082,9182,8031,9972,7212,659

Fixed Assets

Gross Block8791,0001,0466927127517888178371,384
Accumulated Depreciation38238040367101137181218265307
Net Fixed Assets4976206436256116136085995731,077
CWIP 129913133335467831714
Investments 20020000000000
Inventories141334233260397539246181430241
Trade Receivables1722364861,2451,1851,5641,446509665757
Cash Equivalents 1132116512150231402557366
Others Assets1,4821,0071,06728162117226227179204
Total Assets 2,6332,4382,4532,2372,5082,9182,8031,9972,7212,659

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -22613-13633733-262629962-87192
PBT 9418-24830755070106135176
Adjustment 13015635313410916614615184137
Changes in Working Capital -224443-239178-134-464425723-288-86
Tax Paid -22-4-2-4-18-15-13-17-18-35
Cash Flow From Investing Activity -153-55-51-13-40-59-65-121-187-243
Capex -154-56-53-20-39-65-65-99-170-303
Net Investments 0000-30-10-33-2639
Others 1127361011821
Cash Flow From Financing Activity 172-550177-27060250-393-702404-101
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 658-38-448588-47-7083163
Interest Paid -104-121-116-115-81-101-118-82-52-101
Dividend Paid -17-17-90-6-12-12-6-12-14
Others 228-421340-11262275-215-544386-150
Net Cash Flow -38-105554-71171139130-152
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.426.59-51.825.4914.416.7612.4111.6413.6218.12
ROCE (%)10.297.68-7.88.899.357.958.5410.3610.5413.4
Asset Turnover Ratio1.351.021.221.061.171.160.990.921.241.38
PAT to CFO Conversion(x)-0.3116.13N/A17.740.54-7.949.6814.36-0.991.42
Working Capital Days
Receivable Days2029441271601601951627370
Inventory Days21343536435451353833
Payable Days4975849892851071207450

Mangalore Chemicals & Fertilizers Ltd Stock News

Mangalore Chemicals & Fertilizers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mangalore Chem &Fert on 12-Jul-2024 16:01 is ₹131.9.
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 12-Jul-2024 16:01 the market cap of Mangalore Chem &Fert stood at ₹1,566.2.
The latest P/E ratio of Mangalore Chem &Fert as of 12-Jul-2024 16:01 is 10.12.
The latest P/B ratio of Mangalore Chem &Fert as of 12-Jul-2024 16:01 is 1.67.
The 52-week high of Mangalore Chem &Fert is ₹156.2 and the 52-week low is ₹95.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalore Chem &Fert is ₹3,795 ( Cr.) .

About Mangalore Chemicals & Fertilizers Ltd

Mangalore Chemicals & Fertilizers (MCF) incorporated in 1966; is the only manufacturer of chemical fertiliser in state of Karnataka. This Karnataka based company is Rs 1625 crore enterprise that manufactures products such as urea, di-ammonium phosphate, muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers.

The company’s factory is strategically located at Panambur, 9 km north of Mangalore City, on the banks of the Gurpur River, in front of the New Mangalore Port. The plant is well connected, both by rail and road. The West Coast National Highway (NH-l7) from Kochi to Mumbai separates MCF from the New Mangalore Port.

Company’s wholly owned subsidiary MCF International (MCFIL) is engaged in consultancy and plant management services.

UB Group (Parent Company)

MCFL is part of the UB Group with Group shareholding of 30%. Dr. Vijay Mallya is Chairman of the Board of Directors.

UB Group business interests are in area of brewing, distilling, aviation, fertilizers, life sciences, engineering, research and development and information technology.

Manufacturing Facilities

MCFL’s ammonia/Urea plants was designed and developed by Humphreys & Glasgow Limited of London. Its phosphatic plant is designed and engineered by Toyo Engineering Corporation of Japan. PDIL constructed Ammonium Bi-Carbonate plant whereas Furnace Fabrica constructed Sulphuric Acid SAP.

MCFL’s manufacturing facilities  has received ISO 14001:2000, ISO 14001:2004, OHSAS 18001:1999 and OHSAS 18001:2007 certification for its quality management

The Company has capacity to manufacture 2,17,800 MT Ammonia (intermediate product), 3,80,000 MT Urea, 2,60,000 MT Phosphatic Fertilizers (DAP & NP 20:20:00:13), 13,860 MT Ammonium Bi-Carbonate (ABC) and 33,000 MT Sulphuric Acid (SAP) annually.

Awards

  • FAI Award for 'Improvement in overall performance of a Company’ for three consecutive years 1996-97, 1997-98 and 1998-99
  • Letter of recognition in 1997 from Directorate General of Factory advisory Services and Labour Institutes (DGFASLI) for maintaining good safety and occupational health standards
  • The company received the ‘Honest Tax paying businessmen’ award from Commercial Taxes Department, Mangalore Division, a unique initiative taken by Government of Karnataka to honour the prompt Tax payers. Mr. P. C. Jain, Senior Vice President (Works), MCF, Mangalore, received the award in a felicitation function held at Mangalore on March 18, 2005
  • The company has been awarded the prestigious certificates on 1. Environment Management System conforming to ISO 14001:2000 in 2003 which was updated to latest version ISO 14001:2004 in 2005 and 2. Occupational Health & Safety Management System conforming to OHSAS 18001:1999 standard in 2005 which was updated to latest version OHSAS 18001:2007 in 2008.
  • The certificates were awarded by DET NORSKE VERITAS (DNV), the Netherlands, a global certifying agency
  • FAI Environmental Protection Award in NP/NPK Fertilizer Plants for the year 2009-2010.
  • 2010 - SECOND BEST SAFE INDUSTRY IN LARGE SECTOR FOR THE YEAR 2010 award conferred by the Karnataka State Safety Institute (R) (Department of Factories & Boilers) and the National Safety Council, Karnataka Chapter, Bangalore.
    FAI Environmental Protection Award in NP/NPK Fertilizer Plants for the year and 2010-2011.
    FAI runner up award for best technical innovation in Fertilizer Industry for the year 2010-11.
    FAI joint runner up award for Production Performance in Nitrogenous Fertilizer Plant for the year 2010-11.

Milestones

  • 1976- The company started its ammonia and urea production.
  • 1982- Company installed 60 tons per hour auxiliary boiler. In the same year it also set up Ammonium Bi-carbonate plant.
  • 1984- MCFL set up a purge gas recovery unit.
  • 1985- Company set up a captive power plant.
  • 1986- MCFL established di-ammonium phosphate plant.
  • 1993- Company developed a 2.5 Million Gallons reservoir.
  • 1999- Company started selling granulated fertilizers.
  • 2002- Company installed Pipe Reactor. In the same year, MCFL started marketing of micro nutrient - Zinc Sulphate
  • 2003- Company implemented SAP R/3, integrated software system and OPERATION MITE. Company received ISO 14001 Certification.
  • 2005- Company received OHSAS certification.
  • 2006- MCFL has installed a 100 TPD Sulphuric Acid plant.
  • 2008- MCFL has installed an imported fertilizers handling unit.
  • 2011- The company received an approval from High Court of Karnataka, Bangalore to merge MCF International, the wholly-owned subsidiary of the company with the company.

 

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