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Mahindra Composites Ltd.(Amalgamated) Stock Analysis

Small Cap
Evaluated by 74 users | BSE: 524138 | NSE: |
Plastic Products
Mahindra Composites Ltd ( formerly Siro Plast Ltd ) was established in 1982 with technical collaboration with Menzolit, Germany. Subsequently the company developed materials suited for Indian conditions. Mahindra and Mahindra Group decided to set up Siro Plast ,a top-of-the-line...

Analysis of Financial Track Record

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.
Value Creation
 Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14
Return on Capital Employed 13.14%7.01%3.24%8.17%17.93%15.74%14.11%5.86%-0.49%4.4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 19.920.426.232.442.845.952.256.250.366
Y-o-Y Gr. Rt.-2.9%28%23.9%31.9%7.4%13.7%7.7%-10.5%31.2%
Adjusted EPS (Rs.) 3.451.930.542.096.285.835.511.55-2.040.66
Y-o-Y Gr. Rt.--44.1%-72%287%200.5%-7.2%-5.5%-71.9%-231.6%NA
Book Value per Share (Rs.) 23.4124.2724.7726.1130.3233.8537.1535.1532.9334.71
Adjusted Net Profit 1.50.90.20.92.82.62.40.7-0.90.3
Net Op. Cash Flow (Rs. Cr.) 0.6-0.40.81.12.82.83.71.43.53.1
Debt to Cash Flow from Ops 3.52-11.496.824.691.8321.586.372.172.61
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Mahindra Composites Ltd.(Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14.3%9.1%8.2%31.2%
Adjusted EPS -16.8%-36.3%-50.7%NA
Book Value per Share 4.52.7-2.25.4
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14
Return on Equity (%) 15.38.082.198.222.2618.0815.434.26-5.951.94
Operating Profit Margin (%) 10.969.735.248.8711.5612.419.717.253.894.21
Net Profit Margin (%) 7.624.140.92.826.455.574.651.21-1.790.44
Debt to Equity 0.20.390.520.470.380.370.360.570.520.53
Working Capital Days 132165157147130136131155197170
Cash Conversion Cycle 47696353537070748256
Entity Percentage Holding
Promoters 71.16%
Institutions 0.08%
Non-Institutions 28.76%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Mahindra Composites Ltd ( formerly Siro Plast Ltd ) was established in 1982 with technical collaboration with Menzolit, Germany. Subsequently the company developed materials suited for Indian conditions.

Mahindra and Mahindra Group decided to set up Siro Plast ,a top-of-the-line company slated to provide quality products in the area of engineered plastic composites. Since then, Mahindra Composites (formerly Siro Plast) has come a long way. State-of-the art technology and an

Mahindra Composites Ltd ( formerly Siro Plast Ltd ) was established in 1982 with technical collaboration with Menzolit, Germany. Subsequently the company developed materials suited for Indian conditions.

Mahindra and Mahindra Group decided to set up Siro Plast ,a top-of-the-line company slated to provide quality products in the area of engineered plastic composites. Since then, Mahindra Composites (formerly Siro Plast) has come a long way. State-of-the art technology and an in-built capacity for customization have helped position the company as a leader in this niche segment.

The tie-up with Menzolit GmbH of Germany, the largest manufacturer of composites in Europe, brought in advanced technology addressing manufacturing formulations, manufacturing processes, application engineering and mould design cycles. As a Mahindra and Mahindra company, and with inputs from Menzolit in the period 1983 to 1994, Mahindra Composites gradually grew into a leading manufacturer of quality composites.

Mahindra Composites have been the pioneers in India to setup ( SMC ) Sheet Molding Compound machine with 48” width, besides having expertise in ( DMC / BMD ) Dough / Bulk Molding Compounds for Compression and Injection molding applications in ‘90’s itself.

Mahindra Composites efforts for export foray bore fruits at the start of the new millennium. It has been exporting to reputed global customers like General Electrical’s Health Care & Industrial application division. Today exports constitute close to 20 % of sales and are slated to rise significantly in future.

Few of its significant developments have been the “ Halogen Free” materials for electrical applications, achieving UL094 approvals with V0 fire retardant properties and automotive applications for Head Lamps with antifogging properties at elevated temperatures.

Products and services offered by the company:

Auto Sector

  • Radiator Grill
  • NVH Covers with in situ Foam Moulding
  • Transmission Cover for Utility Vehicles (UV)
  • Engine Hood for Commercial Vehicle (CV)
  • Engine Hood for CV
  • Engine Bonnet cum Driver Support
  • Head Light Embellisher(LH & RH) for CV
  • Muffler Guard For Two Wheelers
  • Engine Stone Hit Trey
  • Bonnet Cover

Electrical Switch Gear  Electrical - Raliways - Defence Sector

Services offered by the company:

  • Product Design & Development
  • Tool Design & Manufacturing
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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