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Mukand Engineers Ltd. Stock Analysis

Small Cap
Evaluated by 136 users | BSE: 532097 | NSE: MUKANDENGG |
Engineering - Construction
Mukand Engineers (MEL) is a part of the Bajaj Groups of companies; MEL was incorporated as a private limited company on January 30, 1987 under the name and style of Mukand Construction & Project Engineering Company Private Limited with an objective to carry on the business of...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 16.1%12.61%7.71%6.47%4.92%5.9%-2.27%3.17%-2.9%-13.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1267665.17685.513911113275.953.5
Y-o-Y Gr. Rt.--39.9%-14.3%16.7%12.4%63%-20.2%19%-42.6%-29.6%
Adjusted EPS (Rs.) 6.615.162.612.931.511.44-5.31-1.98-8.77-17.29
Y-o-Y Gr. Rt.--21.9%-49.4%12.3%-48.5%-4.6%-468.8%NANANA
Book Value per Share (Rs.) 39.3442.7844.2345.9546.2246.8341.5242.7631.313.51
Adjusted Net Profit 8.36.53.33.71.91.8-6.7-2.5-11-21.7
Net Op. Cash Flow (Rs. Cr.) -12.3-4.5-2.210.36.7-2.1-7.4-1.8-15.5
Debt to Cash Flow from Ops -2.35-8.34-19.3446.94182.956.01-22.45-8.09-36.13-5.43
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.
Mukand Engineers Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -9.1%-9%-21.7%-29.6%
Adjusted EPS -211.3%-262.8%NANA
Book Value per Share -11.2-21.8-31.2-56.8
Share Price -11.3% -18.9% -40.6% -31.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 17.8812.5666.513.293.1-12.03-4.7-23.68-77.15
Operating Profit Margin (%) 9.391812.8510.976.454.74-0.52.91-2.74-19.58
Net Profit Margin (%) 6.588.545.044.852.231.3-6.01-1.88-14.52-40.67
Debt to Equity 0.580.690.750.80.780.680.881.121.614.94
Working Capital Days 3486086875925793804874327731,096
Cash Conversion Cycle 60136246242238173232152222368
Entity Percentage Holding
Promoters 52.74%
Institutions 0.01%
Non-Institutions 47.25%
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.

The 5-year analysis of Mukand Engineers's performance infers:

Mukand Engineers earnings have declined by -262.8%, whereas share price has depreciated -18.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Mukand Engineers share prices over the last 10 years. Here is what we found out:

Mukand Engineers share price has depreciated -14.8% annually over the past ten years.

Mukand Engineers (MEL) is a part of the Bajaj Groups of companies; MEL was incorporated as a private limited company on January 30, 1987 under the name and style of Mukand Construction & Project Engineering Company Private Limited with an objective to carry on the business of engineering construction erection and commissioning of plants. It became a subsidiary of Mukand Ltd. in 1987 and deemed public company under Section 43A of the Act on February 5 1990. In July 1992 the company

Mukand Engineers (MEL) is a part of the Bajaj Groups of companies; MEL was incorporated as a private limited company on January 30, 1987 under the name and style of Mukand Construction & Project Engineering Company Private Limited with an objective to carry on the business of engineering construction erection and commissioning of plants. It became a subsidiary of Mukand Ltd. in 1987 and deemed public company under Section 43A of the Act on February 5 1990. In July 1992 the company changed its Articles of Association to bring the same in line with the Articles of Public Limited Companies and underwent a change of name to Mukand Engineers Ltd. and a fresh certificate of incorporation was obtained on July 9, 1992.

Bajaj Groups is one of the most dynamic business groups in India, Bajaj Auto Ltd being the flagship company of the group. The group has substantial manufacturing and marketing interests in diverse fields including scooters, motorcycles and three-wheeler vehicles, electrical appliances etc.

The company has substantial expertise, built up over the years, in all areas of engineering construction including feasibility studies, planning, construction, erection and commissioning of projects. The company is equipped with a whole range of mobile facilities including, mobile cranes, gantry cranes, tower crane etc. It has served industries such as oil exploration and refineries, petro-chemicals, fertilizers, steel plants, thermal and nuclear power plants.

Services offered by the company:

The company is engaged in the engineering and construction business in the field of piping, civil, structural and electrical & automation in construction of refinery, steel plants, power plants.

  • Engineering procurement and construction contracts 
  • Civil work including architechtural works. 
  • Structural fabrication and erection 
  • Piping work 
  • Mechanical work 
  • Electrical and instrumentation work 
  • Testing and commissioning services 
  • Revamping and shut-down jobs 
  • Fired heaters and furnaces
  • Connected refractory, insulation and painting works

Achievements/ recognition:

  • Certified with ISO 9000 : 2000 standards

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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