Madhya Bharat Agro Products Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MBAPL | Fertilizers | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on MP Bharat Agro Prod

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Madhya Bharat Agro Products stock performance -

mw4me loader
P/E Ratio (SA):
42.85
Market Cap:
2,045.7 Cr.
52-wk low:
0
52-wk high:
0

Is Madhya Bharat Agro Products Ltd an attractive stock to invest in?

1. Is Madhya Bharat Agro Products Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Madhya Bharat Agro Products Ltd is a below average quality company.

2. Is Madhya Bharat Agro Products Ltd undervalued or overvalued?

The key valuation ratios of Madhya Bharat Agro Products Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Madhya Bharat Agro Products Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Madhya Bharat Agro Products Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MP Bharat Agro Prod:

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.
Madhya Bharat Agro Products 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 % 8.6%7.9%11.8%12.5%6.3%9.8%10.8%11.7%21.2%26.6%-
Value Creation
Index
-0.4-0.4-0.2-0.1-0.6-0.3-0.2-0.20.50.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 58.862.264.781.689.9116131186491982905
Sales YoY Gr.-5.8%3.9%26.2%10.2%29.1%12.8%41.9%164.7%99.8%-
Adj EPS 0.50.61.11.30.61.31.72.36.514.25.5
YoY Gr.-12%87.5%27.6%-56.7%124.1%30%36.1%183%117.7%-
BVPS (₹) 6.16.57.68.89.313.314.917.123.437.545.2
Adj Net
Profit
3.649.211.75.111.414.820.25712448
Cash Flow from Ops. 8.35.6118.119.215.414.429.8-71.9-70-
Debt/CF from Ops. 1.21.61.64.21.91.72.82.4-2.3-4.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 36.7%61.3%95.8%99.8%
Adj EPS 45%89.5%103.2%117.7%
BVPS22.4%32.2%36.1%60%
Share Price - 34% 41.1% -61.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.65.711.312.24.910.21214.432.246.513.2
Op. Profit
Mgn %
17.910.218.826.122.825.426.522.421.721.414.1
Net Profit
Mgn %
6.16.514.214.45.79.811.310.911.612.75.3
Debt to
Equity
0.20.20.30.40.40.20.30.50.81-
Working Cap
Days
15113313614416815218317514114890
Cash Conv.
Cycle
8243487485901271069310932

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 95.78%

Net Profit is growing at healthy rate in last 3 years 103.16%

Debt to equity has declined versus last 3 years average to 0.98

Return on Equity has declined versus last 3 years average to 13.20%

Sales growth is not so good in last 4 quarters at 6.82%

Latest Financials - Madhya Bharat Agro Products Ltd.

Standalone Consolidated
TTM EPS (₹) 5.5 -
TTM Sales (₹ Cr.) 905 -
BVPS (₹.) 45.2 -
Reserves (₹ Cr.) 308 -
P/BV 5.17 -
PE 42.85 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 2,046
Equity (₹ Cr.) 87.6
Face Value (₹) 10
Industry PE 22

Management X-Ray of MP Bharat Agro Prod:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.010.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MP Bharat Agro Prod

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
Sales5962658290116131186491982
Operating Expenses 48565260698796144385772
Manufacturing Costs50610101214184059
Material Costs3644373241485790287623
Employee Cost 1112368111828
Other Costs 611817162117254163
Operating Profit 106122121293542107210
Operating Profit Margin (%) 17.8%10.2%18.8%26.1%22.8%25.4%26.5%22.4%21.7%21.4%
Other Income 0604000005
Interest 33355434816
Depreciation 23478101091822
Exceptional Items 0000000000
Profit Before Tax 56613716212981176
Tax 22-3224782452
Profit After Tax 44912511152057124
PAT Margin (%) 6.1%6.5%14.2%14.4%5.7%9.9%11.3%10.9%11.6%12.6%
Adjusted EPS (₹)0.50.61.11.30.61.31.72.36.514.2
Dividend Payout Ratio (%)0%0%0%9%21%10%7%5%2%2%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 697291102106117130149205328
Share Capital 18182222222222222244
Reserves 515469808495108127183285
Minority Interest0000000000
Debt108163033243762154309
Long Term Debt431621191729413241
Short Term Debt5509147821122267
Trade Payables2727556223614
Others Liabilities 772871316314391
Total Liabilities 8894112146151159189264439743

Fixed Assets

Gross Block6959101114130130131142228300
Accumulated Depreciation601320283848577597
Net Fixed Assets63598894102938385153203
CWIP 460999317520
Investments 1110000000
Inventories12961814213353157214
Trade Receivables167131222282774199
Cash Equivalents 11100010821
Others Assets6129131414142344105
Total Assets 8894112146151159189264439743

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8611819151430-72-70
PBT 56613716212981176
Adjustment 2668131413132634
Changes in Working Capital -1-6-0-111-11-16-7-164-250
Tax Paid -1-1-1-2-2-3-4-5-15-31
Cash Flow From Investing Activity -1-3-27-17-16-1-22-56-13-65
Capex -6-3-27-22-16-1-22-56-13-70
Net Investments 0005000000
Others 5000000005
Cash Flow From Financing Activity -8-3168-3-1492585141
Net Proceeds from Shares 170100000000
Net Proceeds from Borrowing 00135-2-21217-813
Interest Paid -3-3-3-5-5-4-3-4-8-16
Dividend Paid 0000-1-1-1-1-1-1
Others -210-485-7113101145
Net Cash Flow 0-100001-106
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.78.8916.216.36.4511.5412.0114.4732.1546.54
ROCE (%)15.8116.712.4718.8310.9614.915.6616.6130.1537.77
Asset Turnover Ratio0.730.690.630.640.610.750.750.821.41.66
PAT to CFO Conversion(x)21.51.220.673.81.360.931.5-1.26-0.56
Working Capital Days
Receivable Days10193644505370543851
Inventory Days95614152655675857869
Payable Days29394350554035553715

Madhya Bharat Agro Products Ltd Stock News

Madhya Bharat Agro Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MP Bharat Agro Prod on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of MP Bharat Agro Prod stood at ₹2,045.7.
The latest P/E ratio of MP Bharat Agro Prod as of 01-Jan-1970 05:30 is 42.85.
The latest P/B ratio of MP Bharat Agro Prod as of 01-Jan-1970 05:30 is 5.17.
The 52-week high of MP Bharat Agro Prod is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MP Bharat Agro Prod is ₹905.1 ( Cr.) .

About Madhya Bharat Agro Products Ltd

The company was incorporated in 1997 and promoted by Shailendra Kumar Jain, Motilal Jain, Sukhnandan Jain and Sunil Kumar Jain with an object to implement an SSP Plant and has successfully implemented the SSP plant at Unit I in the year 1999. Later in year 2004 the company was taken- over by Pankaj Ostwal, Praveen Ostwal and Seasons Agro Chem India Pvt. Ltd. The company set up unit II of Beneficiated Rock Phosphate (BRP) with an installed capacity of which process the low grade rock phosphate into high grade rock phosphate and its commercial processing started in March 2012. The company’s manufacturing plant is situated at Sagar, Madhya Pradesh with total installed capacity of 180000 MT of SSP, 99000 MT of BRP and 36000MT of Sulphuric Acid.

Business area of the company

The company is manufacturing Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP) and Sulphuric Acid which is used in large quantities for replenishing “P” (Phosphorus) in the soil and act as a fertilizer for the crop. The company has entered into the backward integration by manufacturing of Beneficiated Rock Phosphate (BRP) and Sulphuric Acid which is used as a raw material for manufacturing of SSP. It is also engaged in business of Purchase and Sale of (Trading) of Textiles and agricultural commodity.

Milestones

  • 1997-98: Incorporation of the Company in the name and style of “Madhya Bharat Agro Products Private Limited”.
  • 1998-99: Starting commercial production for manufacturing of SSP at Unit.
  • 1999-00: Conversion of Company from Private Limited to Public Limited.
  • 2002-03: Operations of the Company was closed and referred to BIFR for registration as Sick Company.
  • 2004-05: The company was taken over by Existing Promoters.
  • 2007-08: Revive from Board for Industrial and financial Reconstruction.
  • 2009-10: Change in Registered office from Indore , Madhya Pradesh to Bhilwara, Rajasthan.
  • 2011-12: Starting commercial production for manufacturing of BRP at Unit – II.
  • 2014-15: Started Production for manufacturing of SSP at Unit-II.
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