Mitshi India Ltd - Stock Valuation and Financial Performance

BSE: 523782 | NSE: | Trading | Small Cap

Mitshi India Share Price

20.20 -1.13 -5.30%
as on 19-Apr'24 10:04

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Mitshi India stock performance -

mw4me loader
P/E Ratio (SA):
10.36
Market Cap:
18.8 Cr.
52-wk low:
11.9
52-wk high:
36.3

Is Mitshi India Ltd an attractive stock to invest in?

1. Is Mitshi India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mitshi India Ltd is a average quality company.

2. Is Mitshi India Ltd undervalued or overvalued?

The key valuation ratios of Mitshi India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Mitshi India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mitshi India 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 Mitshi India:

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.
Mitshi India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.9%19%12%27.4%393%63.8%26.9%7.9%0.3%-16.8%-
Value Creation
Index
NANANANA27.13.60.9-0.4-1.0-2.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.20.20.20.22.95.17.86.76.97.721
Sales YoY Gr.--14.3%-16.7%60%1,120.8%74.4%53%-14.1%3%11.6%-
Adj EPS -0.1-0.4-0.2-0.40.510.70.30-0.62.1
YoY Gr.-NANANANA114.9%-34.7%-60.6%-96.2%-5600%-
BVPS (₹) -5.3-5.8-2.1-2.50.41.42.12.32.32.94
Adj Net
Profit
-0.1-0.2-0.1-0.30.40.90.60.20-0.52
Cash Flow from Ops. 0.1-0.80.3-0.7-0.20.50.1-1.5-0.11.1-
Debt/CF from Ops. 13.5-31.8-1.5-3.31.17.4-0.7-12.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 49.3%21.4%-0.4%11.6%
Adj EPS NA-203.2%-194.1%-5600%
BVPSNA48%11.8%24.4%
Share Price - -11.9% 14.4% 62%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.77.2515.5-55.6110.738.111.60.3-20.959.4
Op. Profit
Mgn %
-41-125.5-74.7-101.19.322.69.45.61.1-8.84.5
Net Profit
Mgn %
-40.4-130.8-79.3-113.414.317.37.53.40.1-6.38.8
Debt to
Equity
-0.5-0.7-0.3-0.61.90.40.40.50.50-
Working Cap
Days
2,2201,9541,27617549778415319013925
Cash Conv.
Cycle
125-1985527533951998923

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 59.40%

Sales growth is good in last 4 quarters at 522.77%

Sales growth has been subdued in last 3 years -0.43%

Net Profit has been subdued in last 3 years -194.10%

Latest Financials - Mitshi India Ltd.

Standalone Consolidated
TTM EPS (₹) 2.1 0.6
TTM Sales (₹ Cr.) 20.7 8.2
BVPS (₹.) 4 0
Reserves (₹ Cr.) -5 -6
P/BV 5.29 0.00
PE 10.36 33.76
From the Market
52 Week Low / High (₹) 11.90 / 36.30
All Time Low / High (₹) 0.50 / 72.30
Market Cap (₹ Cr.) 18.8
Equity (₹ Cr.) 8.8
Face Value (₹) 10
Industry PE 75.8

Management X-Ray of Mitshi India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mitshi India

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
Sales0.210.180.150.242.935.117.826.726.927.72
Operating Expenses 0.290.400.270.482.663.967.096.346.858.40
Manufacturing Costs0000.050.050.230.110.130.130.08
Material Costs0.190.160.070.162.123.366.355.706.497.97
Employee Cost 00000.190.170.300.330.120.20
Other Costs 0.100.240.200.260.290.200.330.190.120.14
Operating Profit -0.08-0.22-0.11-0.240.271.150.730.380.07-0.68
Operating Profit Margin (%) -41.0%-125.0%-74.7%-101.0%9.2%22.6%9.4%5.6%1.1%-8.8%
Other Income 0.0100.0100.1800.08000
Interest 0000000000
Depreciation 0.010.010.010.030.030.020.020.060.060.05
Exceptional Items 0000000001.40
Profit Before Tax -0.08-0.23-0.12-0.270.421.130.790.310.010.68
Tax 000000.250.210.0900.18
Profit After Tax -0.08-0.23-0.12-0.270.420.890.580.230.010.50
PAT Margin (%) -40.4%-130.0%-79.3%-113.0%14.3%17.3%7.5%3.4%0.1%6.5%
Adjusted EPS (₹)-0.1-0.4-0.2-0.40.51.00.70.30.00.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -3.08-3.31-1.59-1.860.361.241.832.052.062.56
Share Capital 5.765.767.607.608.808.808.808.808.808.80
Reserves -8.84-9.07-9.19-9.46-8.44-7.56-6.97-6.75-6.74-6.24
Minority Interest0000000000
Debt1.542.410.471.030.690.490.791.041.110
Long Term Debt1.542.410.471.030.690.490.791.041.110
Short Term Debt0000000000
Trade Payables0.180.300.110.090.070.291.350.991.010.11
Others Liabilities 2.301.711.330.970.861.080.070.100.01-0.01
Total Liabilities 0.951.110.320.231.973.104.044.184.192.67

Fixed Assets

Gross Block0.050.050.130.130.160.140.320.320.320.32
Accumulated Depreciation0.020.030.050.070.110.120.140.210.270.32
Net Fixed Assets0.040.020.080.060.050.020.180.120.050.01
CWIP 0000000000
Investments 000001.471.470.250.250.25
Inventories000000.151.32001.21
Trade Receivables0.160.270.060.130.491.310.503.242.540.91
Cash Equivalents 0.020.080.160.021.280.090.320.270.240.19
Others Assets0.730.730.020.020.140.060.250.311.110.10
Total Assets 0.951.110.320.231.973.104.044.184.192.67

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.11-0.810.26-0.70-0.210.460.11-1.52-0.091.05
PBT -0.08-0.23-0.12-0.270.421.130.790.31-0.040.49
Adjustment 00.010.010.03-0.01-0.05-0.34-0.010.060.05
Changes in Working Capital 0.2-0.590.37-0.46-0.62-0.62-0.35-1.83-0.110.52
Tax Paid 0000000000
Cash Flow From Investing Activity 0.010-0.0700.01-1.45-0.181.2300
Capex 00-0.070-0.030.01-0.18000
Net Investments 00000001.2300
Others 0.010000.04-1.470000
Cash Flow From Financing Activity -0.160.88-0.100.561.46-0.190.300.250.07-1.11
Net Proceeds from Shares 001.8401.8000000
Net Proceeds from Borrowing 00000-0.190.300.2500
Interest Paid 0000000000
Dividend Paid 0000000000
Others -0.160.88-1.940.56-0.340000.07-1.11
Net Cash Flow -0.040.070.08-0.141.26-1.190.23-0.05-0.02-0.05
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/A0110.6638.0611.610.3421.82
ROCE (%)N/AN/AN/AN/A393.0781.6136.4310.90.3923.88
Asset Turnover Ratio0.150.170.220.862.662.022.191.641.652.25
PAT to CFO Conversion(x)N/AN/AN/AN/A-0.50.520.19-6.61-92.1
Working Capital Days
Receivable Days36443938514439644210215281
Inventory Days00000113436029
Payable Days4085451,119225141947755626

Mitshi India Ltd Stock News

Mitshi India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mitshi India on 19-Apr-2024 10:04 is ₹20.20.
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 19-Apr-2024 10:04 the market cap of Mitshi India stood at ₹18.77.
The latest P/E ratio of Mitshi India as of 19-Apr-2024 10:04 is 10.36.
The latest P/B ratio of Mitshi India as of 19-Apr-2024 10:04 is 5.29.
The 52-week high of Mitshi India is ₹36.30 and the 52-week low is ₹11.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mitshi India is ₹20.68 ( Cr.) .

About Mitshi India Ltd

Mitshi India, Formerly known as Dera Paints & Chemicals Ltd, is incorporated in 1990 and having its office at Andheri west - Mumbai, India. The Company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its Equity share are listed on The Bombay Stock Exchange in India.

Business area of the company

The Company is principally engaged in trading in segment of fruits & vegetable products.

Milestones

  • 1976: Set up a paints and hardware shop namely “Deep Jyote Paints And Chemical Corporation”.
  • 1978: Started a tiny unit for paint manufacturing at Vasai (East), Maharashtra, India; while utilizing a land of 500 sq. ft.
  • 1985: Production expanded from tiny to small scale units and manufacturing area was increased from 500 sq. ft. to 6000 sq. ft.
  • 1990: Established a closely held new limited company namely “DERA” which was merged with 'Deep Jyote' for the further expansion and backward integration in paints and to procure a plot of land sized 10 acres at Chiplun, Lote, Parshuram, Maharashtra, India.
  • 1992: The company, under the name of “DERA” successfully brought in a public issue and listed it’s equity shares on the ‘Bombay Stock Exchange’ - BSE Ltd.
  • 1993: “DERA” was manufacturing specialized automobiles paints for O.E and re-finish coatings supplying and distributing to a network of 400 dealers.
  • 1995: The company was supplying its various products to its esteemed customers like “Mahindra & Mahindra LTD”, “Gujarat Narmada LTD”, “International Tractors LTD”, “Premiere automobile Ltd”, “Castrol LTD”, and many more.
  • 1996: Commencement of commercial production at the 2nd plant in Chiplun.
  • 1998: After the successfully journey producing phenomenal growth in the past 24 years, due to a stroke of unforeseen circumstances the company took a huge hit. Being a high explosive paint plant at the mother factory Vasai, caught a fire due to an accident and gutted the entire factory. The fire also had huge impact on the working conditions of the Chiplun plant.
  • 2007: The promoter “Kumar V. Shah” with his diligent work wanted to repay all the debts in order to maintain his reputation.
  • 2012: After coming out from numerous challenges, the promoter “Kumar V. Shah” managed to repay almost all the debts of the company and had settled all major liabilities. After which, he started working on revised plans for the future of the company since times had changed and restarting a paints manufacturing factory was not feasible.
  • 2014: In the vision of reviving the company, the following success were achieved by the company: The company was relisted in ‘Bombay Stock Exchange’ - BSE Ltd., in June 2014. The company was renamed to “MITSHI INDIA LIMITED”.
  • 2015: The company successfully brought in a preferential equity of Rs 184 lacs to meet the part / balance creditor’s payments and to fund the above expenses of the initial revised plan.
  • 2016: Commence for trading: 16/12/2015. “Taaza Kitchen” DIVISION started while approved in Board meeting in 2016. Business module planned in various phase including loose sales of F&V business started.
  • 2017: Bulk B2B Vegetable Sales, and Mitshi Softwares started as a Division Ff Mitshi India Ltd (2016-17). The company successfully brought in a preferential equity of Rs.180 lacs with Rs 5 per share premium under SEBI approvals to meet the Project funding of the Taaza kitchen to go head towards the Hig Profit and valuation of the Divisons.
  • 2018: In April 2018, the company has commercially launched Taaza Kitchen Brand for Online sales of Fruits and Vegetables to supply to Super market and House Hold customers. The online solution of E-Commerce platform developed by in-house software disvision “Mitshi Softwares”.
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