Is Mangalore Chemicals & Fertilizers 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 .

Is Mangalore Chemicals & Fertilizers 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 Somewhat Undervalued zone .

What is Mangalore Chemicals & Fertilizers share price return in the past 10 years?

Mangalore Chemicals & Fertilizers Ltd share price has appreciated 7% annually (CAGR) over the past ten years.

Is Mangalore Chemicals & Fertilizers a good buy now?

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

What is the P/E ratio of Mangalore Chemicals & Fertilizers?

The latest standalone P/E ratio of Mangalore Chemicals & Fertilizers as of 16-Apr-2024 is 6.36.

What is the P/B ratio of Mangalore Chemicals & Fertilizers?

The latest standalone P/B ratio of Mangalore Chemicals & Fertilizers as of 16-Apr-2024 is 1.48.

What is the 52-week high and low of Mangalore Chemicals & Fertilizers?

The 52-week high of Mangalore Chemicals & Fertilizers is Rs. 156.25 and the 52-week low is Rs. 89.65.

Mangalore Chemicals & Fertilizers Ltd - Stock Valuation and Financial Performance

Name: Mangalore Chemicals & Fertilizers
Brand: Mangalore Chemicals & Fertilizers

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

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Mangalore Chem &Fert Share Price

₹117.80 0.90 0.77%
as on 16-Apr'24 09:44

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

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.1%	7.2%	1.9%	5%	7.8%	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 ⓘ	3,310	2,577	2,969	2,479	2,689	3,074	2,711	2,144	2,896	3,642	4,173
Sales YoY Gr.	-	-22.2%	15.2%	-16.5%	8.5%	14.3%	-11.8%	-20.9%	35.1%	25.8%	-
Adj EPS ⓘ	9.1	4.4	-3.9	0.4	6.5	4.2	7.6	5.7	9.2	12.7	18.4
YoY Gr.	-	-51.9%	-189.3%	NA	1745.7%	-35.5%	83%	-25.3%	60.9%	38.8%	-
BVPS (₹) ⓘ	45.2	47.8	29	30.7	40.3	41.8	46	51.2	57.6	67.8	78.9
Adj Net Profit ⓘ	108	52	-46.3	4.1	76.6	49.4	90.4	67.5	109	151	218
Cash Flow from Ops. ⓘ	-22.3	613	-136	337	32.9	-262	629	962	-87.2	192	-
Debt/CF from Ops. ⓘ	-68.3	1.8	-10.2	3.6	41.5	-6.5	2.4	0.9	-15.4	7.1	-

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%	14.5%	18.6%	38.8%
BVPSⓘ	4.6%	11%	13.8%	17.6%
Share Price	7%	22.8%	17.7%	15.2%

Key Financial Parameters ⓘ

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 % ⓘ	17.7	8	-8.7	1	17	10.2	17.4	11.7	16.9	20.3	25.1
Op. Profit Mgn % ⓘ	8.3	7.1	5.7	6.1	7.9	6.9	8.9	9.4	8.3	9.1	11.2
Net Profit Mgn % ⓘ	3.3	2	-1.6	0.2	2.9	1.6	3.3	3.2	3.8	4.1	5.2
Debt to Equity ⓘ	2.8	2	4	3.3	2.9	3.5	2.8	1.4	2	1.7	-
Working Cap Days ⓘ	185	235	205	243	222	235	279	241	138	124	54
Cash Conv. Cycle ⓘ	4	7	9	87	142	155	167	116	65	68	7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.10%

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 101.99%

No data to display

Latest Financials - Mangalore Chemicals & Fertilizers Ltd.

	Standalone	Consolidated
TTM EPS (₹)	18.4	4.5
TTM Sales (₹ Cr.)	4,173	2,088
BVPS (₹.) ⓘ	78.9	0
Reserves (₹ Cr.) ⓘ	817	219
P/BV ⓘ	1.48	0.00
PE ⓘ	6.36	25.86

From the Market
52 Week Low / High (₹)	89.65 / 156.25
All Time Low / High (₹)	1.15 / 156.25
Market Cap (₹ Cr.)	1,385
Equity (₹ Cr.)	118.5
Face Value (₹)	10
Industry PE ⓘ	21.4

Management X-Ray of Mangalore Chem &Fert:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

81.90

77.80

75.48

49.21

63.06

63.87

75.86

65.98

75.92

48.09

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

Valuation of Mangalore Chem &Fert

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Dividend History

Analyst's Notes

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Key Ratios of Mangalore Chem &Fert

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	3,310	2,577	2,969	2,479	2,689	3,074	2,711	2,144	2,896	3,642
Operating Expenses ⓘ	3,090	2,415	2,860	2,328	2,536	2,886	2,507	1,944	2,685	3,332
Manufacturing Costs	644	397	462	409	475	515	484	423	734	813
Material Costs	2,246	1,865	2,220	1,783	1,881	2,216	1,847	1,370	1,802	2,373
Employee Cost	63	63	68	69	68	71	71	68	70	69
Other Costs ⓘ	138	89	110	68	111	84	105	84	80	77
Operating Profit ⓘ	220	162	109	151	153	188	204	200	210	309
Operating Profit Margin (%)	6.7%	6.3%	3.7%	6.1%	5.7%	6.1%	7.5%	9.3%	7.3%	8.5%
Other Income ⓘ	5	11	6	31	44	12	23	33	24	31
Interest ⓘ	102	126	115	116	84	111	111	77	49	104
Depreciation ⓘ	29	29	32	35	37	39	45	50	51	60
Exceptional Items ⓘ	0	0	-217	0	0	0	0	0	0	0
Profit Before Tax ⓘ	94	18	-248	30	75	50	70	106	135	176
Tax ⓘ	23	-19	-8	11	14	17	6	38	47	41
Profit After Tax	71	38	-240	19	61	33	65	67	88	135
PAT Margin (%)	2.1%	1.5%	-8.1%	0.8%	2.3%	1.1%	2.4%	3.1%	3.0%	3.7%
Adjusted EPS (₹)	6.0	3.2	-20.3	1.6	5.1	2.8	5.5	5.7	7.4	11.4
Dividend Payout Ratio (%)	20%	19%	0%	31%	20%	36%	9%	18%	16%	13%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	636	660	405	424	477	495	546	607	683	803
Share Capital ⓘ	119	119	119	119	119	119	119	119	119	119
Reserves ⓘ	517	541	286	305	359	377	427	489	565	685
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,504	1,066	1,321	1,162	1,329	1,663	1,435	786	1,274	1,265
Long Term Debt	227	209	124	100	197	270	224	127	218	357
Short Term Debt	1,277	856	1,196	1,062	1,133	1,393	1,212	659	1,056	908
Trade Payables	263	503	523	431	522	512	575	329	405	243
Others Liabilities ⓘ	230	209	205	221	179	247	247	275	359	348
Total Liabilities ⓘ	2,633	2,438	2,453	2,237	2,508	2,918	2,803	1,997	2,721	2,659
Fixed Assets
Gross Block	879	1,000	1,046	692	712	751	788	817	837	1,384
Accumulated Depreciation	382	380	403	67	101	137	181	218	265	307
Net Fixed Assetsⓘ	497	620	643	625	611	613	608	599	573	1,077
CWIP ⓘ	129	9	13	13	33	35	46	78	317	14
Investmentsⓘ	200	200	0	0	0	0	0	0	0	0
Inventories	141	334	233	260	397	539	246	181	430	241
Trade Receivables	172	236	486	1,245	1,185	1,564	1,446	509	665	757
Cash Equivalents	11	32	11	65	121	50	231	402	557	366
Others Assetsⓘ	1,482	1,007	1,067	28	162	117	226	227	179	204
Total Assets ⓘ	2,633	2,438	2,453	2,237	2,508	2,918	2,803	1,997	2,721	2,659

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-22	613	-136	337	33	-262	629	962	-87	192
PBT ⓘ	94	18	-248	30	75	50	70	106	135	176
Adjustment ⓘ	130	156	353	134	109	166	146	151	84	137
Changes in Working Capital ⓘ	-224	443	-239	178	-134	-464	425	723	-288	-86
Tax Paid ⓘ	-22	-4	-2	-4	-18	-15	-13	-17	-18	-35
Cash Flow From Investing Activity ⓘ	-154	-56	-53	-13	-40	-59	-65	-121	-187	-243
Capex	-154	-56	-53	-20	-39	-65	-65	-99	-170	-303
Net Investments	0	0	0	0	-3	0	-10	-33	-26	39
Others ⓘ	0	0	0	7	3	6	10	11	8	21
Cash Flow From Financing Activityⓘ	173	-550	180	-270	60	250	-393	-702	404	-101
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	76	26	-38	-44	85	88	-47	-70	83	163
Interest Paid ⓘ	-104	-121	2	-115	-81	-101	-118	-82	-52	-101
Dividend Paid ⓘ	-17	-17	-9	0	-6	-12	-12	-6	-12	-14
Others ⓘ	218	-438	224	-112	62	275	-215	-544	386	-150
Net Cash Flow ⓘ	-3	8	-10	55	54	-71	171	139	130	-152

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	13.68	6.82	-52.8	5.49	14.41	6.76	12.41	11.64	13.62	18.12
ROCE (%)	10.35	7.75	-7.84	8.89	9.35	7.95	8.54	10.36	10.54	13.4
Asset Turnover Ratio	1.35	1.02	1.22	1.06	1.14	1.13	0.95	0.89	1.23	1.35
PAT to CFO Conversion(x)	-0.31	16.13	N/A	17.74	0.54	-7.94	9.68	14.36	-0.99	1.42
Working Capital Days
Receivable Days	20	29	44	127	165	163	203	166	74	71
Inventory Days	21	34	35	36	45	56	53	36	39	34
Payable Days	49	75	84	98	92	85	107	120	74	50

Mangalore Chemicals & Fertilizers Ltd Stock News

Mangalore Chemicals & Fertilizers Ltd FAQs

What is the share price of Mangalore Chem &Fert?

Company share prices are keep on changing according to the market conditions. The closing price of Mangalore Chem &Fert on 16-Apr-2024 09:44 is ₹117.8.

What is the market cap of Mangalore Chem &Fert?

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 16-Apr-2024 09:44 the market cap of Mangalore Chem &Fert stood at ₹1,385.4.

What is the P/E ratio of Mangalore Chem &Fert?

The latest P/E ratio of Mangalore Chem &Fert as of 16-Apr-2024 09:44 is 6.36.

What is the P/B ratio of Mangalore Chem &Fert?

The latest P/B ratio of Mangalore Chem &Fert as of 16-Apr-2024 09:44 is 1.48.

What is the 52-week high and low of Mangalore Chem &Fert?

The 52-week high of Mangalore Chem &Fert is ₹156.2 and the 52-week low is ₹89.65.

What is the TTM revenue of Mangalore Chem &Fert?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalore Chem &Fert is ₹4,173 ( 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 companyâ€™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.

Companyâ€™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

MCFLâ€™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.

MCFLâ€™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 Companyâ€™ 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 â€˜Honest Tax paying businessmenâ€™ 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.