Mohan Meakin Ltd - Stock Valuation and Financial Performance

Name: Mohan Meakin
Brand: Mohan Meakin

BSE: 590039 | NSE: | Breweries & Distilleries | Small Cap

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Mohan Meakin stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

2.37

Market Cap:

121.9 Cr.

52-wk low:

52-wk high:

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10 Year X-Ray of Mohan Meakin:

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 % ⓘ	-11.1%	4%	8.3%	12.2%	15.6%	36%	23.6%	27.4%	27.7%	26.8%	-
Value Creation Index ⓘ	-1.8	-0.7	-0.4	-0.1	0.1	1.6	0.7	1.0	1.0	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	400	410	443	465	524	660	710	762	1,020	1,267	1,020
Sales YoY Gr.	-	2.4%	8.2%	4.9%	12.7%	26%	7.5%	7.3%	33.9%	24.2%	-
Adj EPS ⓘ	-23.6	-4.4	0.1	5.6	11.5	39.9	31	45	60.4	77.9	60.5
YoY Gr.	-	NA	NA	9233.3%	105.7%	245.9%	-22.1%	45%	34.4%	28.9%	-
BVPS (₹) ⓘ	22.3	26.7	31.1	48.2	66.9	108.3	138.5	186.2	248.1	329.3	44.2
Adj Net Profit ⓘ	-20	-3.7	0.1	4.8	9.8	33.9	26.4	38.3	51.4	66.3	51
Cash Flow from Ops. ⓘ	-2.3	21.3	28	25.3	28.6	49.4	14.2	29.7	47.7	42	-
Debt/CF from Ops. ⓘ	-38.5	3.5	2.2	2.1	1.2	0.3	0.9	0.2	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.7%	19.3%	21.3%	24.2%
Adj EPS ⓘ	NA	46.6%	35.9%	28.9%
BVPSⓘ	34.9%	37.5%	33.5%	32.7%
Share Price	-	-	-	-

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 % ⓘ	-69.8	-17.9	0.2	14.1	20	45.5	25.2	27.7	27.8	27	32.4
Op. Profit Mgn % ⓘ	-3.6	1.3	2.3	3	3.5	7.7	6	7.4	6.6	7.1	-0.7
Net Profit Mgn % ⓘ	-5	-0.9	0	1	1.9	5.1	3.7	5	5	5.2	5
Debt to Equity ⓘ	4.6	3.3	2.4	1.3	0.6	0.2	0.1	0	0	0	-
Working Cap Days ⓘ	125	111	95	92	83	62	65	70	62	57	0
Cash Conv. Cycle ⓘ	38	28	14	13	13	4	9	12	13	13	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Mohan Meakin Ltd.

	Standalone	Consolidated
TTM EPS (₹)	60.5	31
TTM Sales (₹ Cr.)	1,020	710
BVPS (₹.) ⓘ	44.2	5
Reserves (₹ Cr.) ⓘ	33	-
P/BV ⓘ	3.24	28.65
PE ⓘ	2.37	4.62

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	117.00 / 252.40
Market Cap (₹ Cr.)	122
Equity (₹ Cr.)	4.3
Face Value (₹)	5
Industry PE ⓘ	75.5

Management X-Ray of Mohan Meakin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Mohan Meakin

Analyst's Notes

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Key Ratios of Mohan Meakin

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	399.99	409.51	442.94	464.77	523.68	659.89	709.59	761.60	1,020.06	1,266.97
Operating Expenses ⓘ	414.30	404.01	432.70	450.65	505.52	609.22	666.89	705.19	952.44	1,177.71
Manufacturing Costs	57.98	34.93	25.49	23.28	23.68	32.18	32.62	28.40	40.14	52.94
Material Costs	284.74	312.87	339.22	359.24	409.22	493.91	544.38	579.06	813.20	1,005.04
Employee Cost	21.31	22.63	23.79	25.40	27.08	29.96	33.54	33.15	37.30	42.27
Other Costs ⓘ	50.27	33.59	44.20	42.74	45.54	53.17	56.36	64.58	61.80	77.46
Operating Profit ⓘ	-14.31	5.50	10.23	14.12	18.16	50.68	42.70	56.41	67.62	89.26
Operating Profit Margin (%)	-3.6%	1.3%	2.3%	3.0%	3.5%	7.7%	6.0%	7.4%	6.6%	7.0%
Other Income ⓘ	5.66	6.13	8.98	4.66	4.97	6.19	6.84	2.86	8.96	7.37
Interest ⓘ	11.13	11.22	10.99	9.15	6.65	2.97	2.67	2.91	1.56	0.96
Depreciation ⓘ	2.85	3.95	3.01	2.86	2.55	3.85	4.76	5.22	6.05	6.88
Exceptional Items ⓘ	0	9.39	0	0	8.15	1.28	0	3.01	0	3.01
Profit Before Tax ⓘ	-22.63	5.86	5.21	6.77	22.08	51.32	42.10	54.15	68.98	91.80
Tax ⓘ	-3.18	2.10	1.47	1.98	6.54	16.38	15.69	13.84	17.52	23.40
Profit After Tax	-19.45	3.76	3.74	4.79	15.54	34.94	26.41	40.31	51.45	68.40
PAT Margin (%)	-4.9%	0.9%	0.8%	1.0%	3.0%	5.3%	3.7%	5.3%	5.0%	5.4%
Adjusted EPS (₹)	-22.9	4.4	4.4	5.6	18.3	41.1	31.0	47.4	60.5	80.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	1%

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	18.97	22.73	26.47	41.02	56.92	92.16	117.82	158.39	211.10	280.22
Share Capital ⓘ	4.25	4.25	4.25	4.25	4.25	4.25	4.25	4.25	4.25	4.25
Reserves ⓘ	14.72	18.48	22.22	36.77	52.67	87.90	113.56	154.14	206.85	275.96
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	80.06	67.50	55.20	45.89	30.01	11.86	8.61	0.90	0.16	0
Long Term Debt	7.47	3.44	6.54	1.55	0.37	0.54	0.53	0.33	0.16	0
Short Term Debt	72.59	64.06	48.67	44.34	29.64	11.32	8.08	0.57	0	0
Trade Payables	69.76	60.71	72.94	64.02	65.70	65.23	68.73	74.55	77.62	93.41
Others Liabilities ⓘ	37.79	38.38	39.70	37.94	49.34	68.20	84.23	83.95	100.58	107.20
Total Liabilities ⓘ	206.58	189.32	194.32	188.88	201.97	237.45	279.38	317.79	389.46	480.82
Fixed Assets
Gross Block	70.42	71.14	74.93	31.75	35.03	53.82	64.18	75.21	84	101.06
Accumulated Depreciation	46.92	41.47	43.13	2.65	4.91	7.33	11.80	16.80	22.79	29.42
Net Fixed Assetsⓘ	23.49	29.67	31.80	29.10	30.12	46.48	52.37	58.42	61.22	71.64
CWIP ⓘ	5.37	6.22	5.93	7.17	6.48	8.28	8.97	7.30	8.03	10.16
Investmentsⓘ	0.41	0.46	0.46	1.47	2	2.55	2.34	2.56	3.59	4.47
Inventories	55.66	48.31	49.21	54.80	55.21	65.51	73.41	77.08	89.87	116.97
Trade Receivables	87.89	69.77	64.46	54.04	58.03	51.85	67.70	78.68	76.34	98.43
Cash Equivalents	6.49	5.07	5.73	7.18	7.90	15.66	15.81	29.83	67.11	90.18
Others Assetsⓘ	27.27	29.82	36.71	35.12	42.23	47.11	58.77	63.92	83.30	88.97
Total Assets ⓘ	206.58	189.32	194.32	188.88	201.97	237.45	279.38	317.79	389.46	480.82

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 ⓘ	-2.26	21.33	28.03	25.28	28.59	49.36	14.22	29.70	47.68	41.98
PBT ⓘ	-16.18	-3.53	5.21	6.77	22.08	51.32	42.10	54.15	68.98	91.80
Adjustment ⓘ	12.39	12.69	7.96	12.80	9.04	5.67	4.62	4.52	4.84	2.40
Changes in Working Capital ⓘ	6.88	15.42	18.85	5.75	-0.76	-0.88	-20.18	-16.16	-7.72	-32.57
Tax Paid ⓘ	1.11	-3.26	-4	-0.04	-1.77	-6.74	-12.31	-12.80	-18.42	-19.64
Cash Flow From Investing Activity ⓘ	1.39	0.51	-4.72	-5.51	-2.99	-23.42	-8.76	-8.64	-40.02	-51.69
Capex	-0.55	-0.66	-5.40	-6.68	-3.68	-24.08	-10.02	-6.96	-10.08	-20.49
Net Investments	0.41	-0.06	-0.09	0	-0.13	-0.04	0.69	-2.16	-30.70	-33.54
Others ⓘ	1.53	1.22	0.78	1.17	0.82	0.70	0.57	0.48	0.76	2.35
Cash Flow From Financing Activityⓘ	-1.02	-23.25	-22.65	-18.17	-24.87	-20.43	-4.67	-9.19	-1.01	-0.49
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	3.81	-3.11	2.95	-5.34	-4.15	0.23	0.01	-0.14	-0.17	-0.16
Interest Paid ⓘ	-10.64	-10.91	-10.17	-8.51	-6.02	-2.34	-1.43	-1.55	-0.25	-0.15
Dividend Paid ⓘ	-0.02	0	-0.02	0	0	0	0	0	0	0
Others ⓘ	5.83	-9.23	-15.40	-4.33	-14.70	-18.32	-3.25	-7.50	-0.60	-0.17
Net Cash Flow ⓘ	-1.89	-1.42	0.66	1.59	0.72	5.51	0.80	11.87	6.65	-10.19

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 (%)	-67.78	18.05	15.2	14.18	31.73	46.88	25.16	29.19	27.85	27.84
ROCE (%)	-10.39	16.74	17.29	17.33	30.97	54.38	37.43	38.73	37.17	37.08
Asset Turnover Ratio	2.39	2.66	3	3.03	3.36	4.31	3.95	3.68	3.88	4.07
PAT to CFO Conversion(x)	N/A	5.67	7.49	5.28	1.84	1.41	0.54	0.74	0.93	0.61
Working Capital Days
Receivable Days	64	55	43	37	31	21	21	24	21	18
Inventory Days	40	36	31	33	31	23	25	25	22	21
Payable Days	91	76	72	70	58	48	45	45	34	31

Mohan Meakin Ltd Stock News

Mohan Meakin Ltd FAQs

What is the share price of Mohan Meakin?

Company share prices are keep on changing according to the market conditions. The closing price of Mohan Meakin on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Mohan Meakin?

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 Mohan Meakin stood at ₹121.9.

What is the P/E ratio of Mohan Meakin?

The latest P/E ratio of Mohan Meakin as of 01-Jan-1970 05:30 is 2.37.

What is the P/B ratio of Mohan Meakin?

The latest P/B ratio of Mohan Meakin as of 01-Jan-1970 05:30 is 3.24.

What is the 52-week high and low of Mohan Meakin?

The 52-week high of Mohan Meakin is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Mohan Meakin?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mohan Meakin is ₹1,020 ( Cr.) .

About Mohan Meakin Ltd

Mohan Meakin was established in the year 1855. It was earlier known as Mohan Meakin Breweries, it got its present name in 1980.

All types of beer and prestigious brands of Indian made foreign spirit (IMFS), besides blended malt whiskies, rum, gin and vodka, are manufactured and marketed by the company. In addition to these, the company manufactures juices and canned products, corn flakes, wheat porridge, malt extract, glass bottles, mineral water, castings and other products.

Besides other breweries and distilleries established under collaboration arrangements in various other places in India and Bhutan, the manufacturing centres include Solan Brewery in Himachal Pradesh that manufactures beer and has a bottling plant for bottling IMFL, Kasauli Distillery in Himachal Pradesh, a distillery producing malt spirit; Mohan Nagar at Ghaziabad in Uttar Pradesh with facilities for a brewery, distillery, malt extract, breakfast foods, glass factory, fruit products factory, engineering works and foundry; a distillery in Lucknow and Mohangram Bhankarpur in Punjab with a bottling plant for bottling IMFL, cold storage and ice factory.

The registered office of the company is located at Solan Brewery, P O Shimla Hills, Solan 173214, Himachal Pradesh.

Business area of the company

The company is engaged in the manufacture of alcoholic beverages, juices and canned products.