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Mahalaxmi Seamless Ltd Stock Analysis

Small Cap
Evaluated by 195 users | BSE: 513460 | NSE: |
Castings/Forgings
Mahalaxmi Seamless Limited is India's number one heat exchanger seamless tubes manufacturers of Carbon and Alloy Steel, Cold Drawn Seamless Tubes / Pipes. Mahalaxmi represents a reputed brand for highest quality cold drawn seamless tubes. The company has a cold drawing facility for carbon and...

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 -3.91%-5.56%-2.43%-17.3%-21.64%5.06%-8.17%-22.8%-7.48%2.2%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 28.731.53225.714.518.61110.73.91.9
Y-o-Y Gr. Rt.-9.6%1.6%-19.7%-43.6%28.5%-40.7%-2.9%-63.6%-52.1%
Adjusted EPS (Rs.) -2.95-3.88-2.69-7.64-6.47-0.27-2.74-4.62-1.54-0.17
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 27.9124.1321.1114.538.077.764.990.68-1.21-1.38
Adjusted Net Profit -1.6-2.1-1.4-4-3.4-0.1-1.4-2.4-0.8-0.1
Net Op. Cash Flow (Rs. Cr.) 1.9001.51.11.7-2.71.11.30.6
Debt to Cash Flow from Ops 4.4004.425.412.79-2.965.94.5810.95
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.
Mahalaxmi Seamless Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -26.2%-33.6%-44.7%-52.1%
Adjusted EPS NANANANA
Book Value per Share -171.6-170.2-165.20
Share Price -9.7% 4.2% -21.6% -39%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -10.08-14.9-11.9-42.86-57.16-3.44-42.79-161.85625.7713.47
Operating Profit Margin (%) -0.26-0.33-0.21-7.53-12.123.42-0.3-15.117.9935.1
Net Profit Margin (%) -5.41-6.5-4.44-15.71-23.56-0.77-13.08-22.75-20.86-4.85
Debt to Equity 0.570.680.780.881.451.153.0417.73-9.48-8.78
Working Capital Days 170141173178212165277210234511
Cash Conversion Cycle 12095927183247290-82-138
Entity Percentage Holding
Promoters 45.64%
Non-Institutions 54.36%
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 Mahalaxmi Seamless Ltd's performance infers:

Mahalaxmi Seamless Ltd earnings have grown by 0%, whereas share price has appreciated 4.2% 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 Mahalaxmi Seamless Ltd share prices over the last 10 years. Here is what we found out:

Mahalaxmi Seamless Ltd share price has appreciated -11.2% annually over the past ten years.

Mahalaxmi Seamless Limited is India's number one heat exchanger seamless tubes manufacturers of Carbon and Alloy Steel, Cold Drawn Seamless Tubes / Pipes. Mahalaxmi represents a reputed brand for highest quality cold drawn seamless tubes.

The company has a cold drawing facility for carbon and alloy steel seamless tubes / pipes in India. It offers high quality tubes and pipes in a wide range of sizes. The tubes of the company are patronized by Heat Exchanger manufacturers and users. We

Mahalaxmi Seamless Limited is India's number one heat exchanger seamless tubes manufacturers of Carbon and Alloy Steel, Cold Drawn Seamless Tubes / Pipes. Mahalaxmi represents a reputed brand for highest quality cold drawn seamless tubes.

The company has a cold drawing facility for carbon and alloy steel seamless tubes / pipes in India. It offers high quality tubes and pipes in a wide range of sizes. The tubes of the company are patronized by Heat Exchanger manufacturers and users. We represent a reputed brand for highest quality cold drawn seamless tubes.

The raw material billets or mother tubes are sourced from reputed Indian or global manufacturers after due diligence and quality checks. Their sourcing strives to procure only the best material in order to produce the best tubes.

The manufacturing process begins with a piercing mill followed by a comprehensive 9-tank surface treatment plant. At the heart of its manufacturing genius are two bright annealing furnaces capable of fashioning a wide range of surface finishes. These are controlled atmosphere furnaces with inert gases that leave the surface bright and shining. Built around these are their variegated pointing, swaging, drawing, straightening and cutting machines that helps to serve any and all customer's requirements.

Quality at Mahalaxmi is such an obsession that, like breathing, it is just a way of life. All products manufactured by them are subjected to most stringent quality control procedures. They have a fully equipped mechanical lab containing metal spectra scope, 100 M.T. capacity tensile tester, Hardness tester, Microscope, Dead weight pressure gauge calibrator etc. They boast both encircling coil and roto-probe types of Eddy Current Testing facilities for all kind of internal and external flaw detection. And they have hydro-testing installations for straight as well as U-Tubes that can test up to pressures of 800 bars.

Mahalaxmi works very hard to meet all its commitments and promises to keep our customer's lives stress-free. It likes to deliver on time every time.

Product range of the company includes:

  • Heat Exchanger Tubes / Boiler Tubes  Mahalaxmi Seamless Ltd is India's Number one Heat Exchanger Seamless Tubes Manufacturer in Carbon and Alloy Steel
  • Hydraulic / Fuel Injection Tubes Hydraulic Tubes can be supplied under conditions according to DIN 2391 Part 2 in various grades mentioned overleaf. Fuel Injection Tubes can be supplied in lower tolerance than mentioned above. It can be supplied according to conditions mentioned in ISO-8535.
  • Precision Automotive / Mechanical Tubes   Mahalaxmi brings superior quality hollow section profiles (square, rectangle, hexagonal etc) made of the best raw materials. This hollow section profiles are available in different lengths, thickness and weights. The product can also be manufactured as per the specifications of the customers.

Awards/ Achievements

  • A proud awardee of the prestigious ‘Well Known Tube Maker’ title from the Indian Boiler Regulation Board allowing Mahalaxmi self-certification authority, a rare honour indeed. They are on way to becoming TS 16949 compliant soon
  • Mahalaxmi Seamless Limited is an ISO 9001: 2000 certified company and is en-route to being a TS16949 certified company by September 2006.
  • The company is certified by TUV in India to supply to European Union (EU) under Pressure Equipment Directive (PED) and AD 2000 WO certification.
  • It has been selected by CBI (a Dutch government organization chartered to promote import from developing countries into EU) after a comprehensive audit of their systems and processes.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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