MOIL Ltd - Stock Valuation and Financial Performance

BSE: 533286 | NSE: MOIL | Mining & Minerals | Small Cap

MOIL Share Price

550.80 26.20 4.99%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on MOIL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

MOIL stock performance -

mw4me loader
P/E Ratio (SA):
36.39
Market Cap:
10,674.8 Cr.
52-wk low:
151.5
52-wk high:
524.6

Is MOIL Ltd an attractive stock to invest in?

1. Is MOIL Ltd a good quality company?

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

2. Is MOIL Ltd undervalued or overvalued?

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

3. Is MOIL Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of MOIL Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of MOIL:

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.
MOIL 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 % 17.2%13.1%5.1%9.4%15.1%16.2%8.5%7.7%15%11.3%-
Value Creation
Index
0.2-0.1-0.6-0.30.10.2-0.4-0.50.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0218236299821,3191,4411,0381,1771,4361,3421,449
Sales YoY Gr.--19.4%-23.6%56.2%34.3%9.2%-28%13.4%22%-6.6%-
Adj EPS 15.112.75.210.916.418.510.5918.312.214.4
YoY Gr.--16.1%-59.3%111.4%50.1%13.1%-43.6%-13.6%102.6%-33.2%-
BVPS (₹) 93.1100.7102.8105.3108.7119.7116.4118.8105.2110.3120.6
Adj Net
Profit
508426174291422478248214372249293
Cash Flow from Ops. 50027.6-23.911852942458291360212-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%0.3%8.9%-6.6%
Adj EPS -2.3%-5.7%5.4%-33.2%
BVPS1.9%0.3%-1.8%4.8%
Share Price 15.3% 30.8% 45.7% 251.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.213.15.19.315.116.28.57.71511.312.5
Op. Profit
Mgn %
49.14611.430.640.441.724.624.737.727.530.2
Net Profit
Mgn %
49.751.827.629.73233.223.918.225.918.520.2
Debt to
Equity
00000000000
Working Cap
Days
166182275193145124199190137146173
Cash Conv.
Cycle
7787151105694680876669131

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.50%

Sales growth is good in last 4 quarters at 11.74%

Sales growth has been subdued in last 3 years 8.93%

Net Profit has been subdued in last 3 years 5.35%

Latest Financials - MOIL Ltd.

Standalone Consolidated
TTM EPS (₹) 14.4 3.6
TTM Sales (₹ Cr.) 1,449 976
BVPS (₹.) 120.6 0
Reserves (₹ Cr.) 2,250 2,519
P/BV 4.35 0.00
PE 36.39 144.12
From the Market
52 Week Low / High (₹) 151.50 / 524.60
All Time Low / High (₹) 86.80 / 463.40
Market Cap (₹ Cr.) 10,675
Equity (₹ Cr.) 203.5
Face Value (₹) 10
Industry PE 18.3

Management X-Ray of MOIL:

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 MOIL

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
Sales1,0218236299821,3191,4411,0381,1771,4361,342
Operating Expenses 520444558684786845783891895973
Manufacturing Costs196223217268297345319316363387
Material Costs32-82-5603317-528130-43
Employee Cost 256263301308406428463444443570
Other Costs 36414548505553505859
Operating Profit 50137971298533596256287541369
Operating Profit Margin (%) 49.1%46.0%11.2%30.4%40.4%41.4%24.6%24.4%37.7%27.5%
Other Income 3033172522211781911811027977
Interest 0003000010
Depreciation 3545525562679699103114
Exceptional Items 0000000-5063
Profit Before Tax 769651270462648720340240523334
Tax 26022397156226246926314684
Profit After Tax 510428173306422474248177377251
PAT Margin (%) 49.9%52.0%27.5%31.1%32.0%32.9%23.9%15.0%26.2%18.7%
Adjusted EPS (₹)15.212.75.211.516.418.410.57.418.512.3
Dividend Payout Ratio (%)25%33%49%48%34%33%57%99%32%30%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3,1273,3823,4532,8052,7993,0832,7632,8202,1422,244
Share Capital 168168168133258258237237203203
Reserves 2,9593,2143,2852,6722,5422,8252,5262,5831,9382,041
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables742542524437293331
Others Liabilities 321263249245390465485524385391
Total Liabilities 3,4553,6483,7283,0923,2413,5913,2853,3732,5602,666

Fixed Assets

Gross Block5106116727358109521,1911,3491,4451,708
Accumulated Depreciation278317361408463522604686769856
Net Fixed Assets232294311326348430587663676852
CWIP 695380116238297242203314270
Investments 4000241157331232152
Inventories4914416312297103178110100170
Trade Receivables113107142241190132134227173143
Cash Equivalents 2,7932,8302,8502,0912,1392,2621,8051,597841813
Others Assets195220181195204253332243224266
Total Assets 3,4553,6483,7283,0923,2413,5913,2853,3732,5602,666

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 50028-2411852942458291360212
PBT 769651270462648720340290517332
Adjustment -205-230-190-118-89-102-64-204563
Changes in Working Capital 196-199-6-6620072-12685-52-93
Tax Paid -261-194-98-161-230-266-92-65-149-89
Cash Flow From Investing Activity 164181145-588-397-254687-360693-102
Capex -76-95-98-106-207-208-200-137-216-245
Net Investments 000-654-343-215726-292869146
Others 2402762431731521691616840-2
Cash Flow From Financing Activity -148-171-101-81-213-173-562-131-1,033-122
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -148-171-101-80-193-171-148-131-177-122
Others 0000-21-2-4130-8560
Net Cash Flow 5163720-550-82-3184-20020-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.2913.155.069.7715.0616.118.496.3315.211.43
ROCE (%)26.1119.997.9114.8523.1224.4711.658.621.1215.25
Asset Turnover Ratio0.310.230.170.290.420.420.30.350.480.51
PAT to CFO Conversion(x)0.980.07-0.140.391.250.890.231.640.950.84
Working Capital Days
Receivable Days71487271594147565143
Inventory Days18428853302549452737
Payable Days188-23-1,0362045111,010-284149373-270

MOIL Ltd Stock News

MOIL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MOIL on 18-May-2024 12:50 is ₹550.8.
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 18-May-2024 12:50 the market cap of MOIL stood at ₹10,674.8.
The latest P/E ratio of MOIL as of 18-May-2024 12:50 is 36.39.
The latest P/B ratio of MOIL as of 18-May-2024 12:50 is 4.35.
The 52-week high of MOIL is ₹524.6 and the 52-week low is ₹151.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MOIL is ₹1,449 ( Cr.) .

About MOIL Ltd

MOIL Limited is a Schedule ‘A’ Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11. The company is engaged in exploration, exploitation and marketing of various grades of manganese ore and value added products such as Electrolytic Manganese Dioxide (EMD) and High Carbon Ferro Manganese Alloy.

Business area of the company

The Company is one of the largest manganese ore producers of the country.

Products

The company produces and sells different grades of Manganese Ore. They are:

  • High Grade Ores for production of Ferro manganese
  • Medium grade ore for production of Silico manganese
  • Blast furnace grade ore required for production of hot metal
  • Dioxide for dry battery cells and chemical industries

Awards

2012-13:

  • Corporate Governance CSR Award by Institute of Public Enterprises (IPE), Hyderabad.
  • National Safety Award for the year 2008 and 2009 from President of India.
  • District Highest Sales Tax Payer Award for Balaghat District of Madhya Pradesh for the year 2010-11
  • Performance Excellence Award for the year 2010-11 from Indian Institution of Industrial Engineering (IIIE).

2013-14:

  • Corporate Governance EXCELLENT grading 
  • Highest Tax Payers Award for the financial year 2011-12 by the Government of Madhya Pradesh for the highest Commercial tax paid in the Balaghat District for consecutively 5th year

2014-15:

  • Gold Awards - CCQC-2014 organised by Quality Circle Forum, Nagpur Chapter
  • Silver Trophy in International Convention on Quality Control Circles 2014 (ICQCC-2014) held in Colombo, Sri Lanka
  • Best participants of the Bhopal Vigyan Mela-2015 in the PSU category.

2015-16:

  • Two National Energy Conservation awards, for mining sectors, first prize for Ukwa mine and second prize for Kandrimine awarded by Honourable Energy minister on National Energy Conservation day 2015.
  • Corporate Governance Excellent grading by DPE for 2014-15.

2016-17:

  • Corporate Governance - Excellent grading by DPE for 2015-16, received this year.
  • Four prizes in 47th All India Rescue Competition-2016 held at Mines Rescue Station, WCL, Nagpur.

2017-18:

  • Par Excellence Award in Quality Circle and First Prize in Skit Competition to Tirodi Mine
  • Par Excellence Award in Quality Circle and First Prize in Model Competition to Ferro Manganese Plant, Balaghat Mine
  • Par Excellence Award in Quality Circle to IMD Plant, Dongri Buzurg Mine
  • Excellence Award in Quality Circle to EMD Plant, Dongri Buzurg Mine

2018-19:

  • Par Excellence Award in Quality circle to Avighna Quality Circle Team, ferro managese plant, Balaghat Mine.
  • Best Poster and Best Slogan award to Panchratna Quality Circle team, Dongri Buzurg mine workshop.
  • Excellence award in Quality Circle to Aman Quality circle team EMD Plant, Dongri Buzurg mine, Parakh Quality circle team, Tirodi mine and Pancharatna Quality circle team, Dongri Buzurg mine workshop.

2019-20:

  • MOIL has bagged second prize for Best Rescue and Recovery team award in The 50th All India Mines Rescue Competition.
  • MOIL bagged 'Best Growth Performance Award' in Mineral & Metals category at Dun & Bradstreet PSU award 2019.
  • MOIL has also bagged 'HR Excellence Award' for the innovative and consistent HR practices.

Milestones

  • 1962: Incorporation of the Company
  • 1962: Transfer of mining leases for manganese ore over the Nagpur, Dongri Buzurg and other areas, consumable stores and other fixed assets from CPMO pursuant to the 1962 Agreement.
  • 1977: Transfer of entire stake by CPMO to Government of India and Company became a 100% Government owned company
  • 1977: Transfer of the Heavy Media Separation Plant located at the Belapur-Hamesha mine and other consumable stores and spares from CPMO pursuant to the 1977 Agreement.
  • 1991: Set up Electrolytic Manganese Dioxide Plant (“EMD”) at Dongri Buzurg mine.
  • 1998: Set up High Carbon Ferro Manganese plant with capacity of 10,000 TPA at Balaghat mine.
  • 2001: Set up integrated Manganese Beneficiation Plant at Dongri Buzurg mine.
  • 2006: Wind farm with power generation capacity of 4.8MW commissioned.
  • 2007: Achieved annual production of 1mn tones.
  • 2007: Company shifted to its present corporate office at ‘MOIL Bhavan’ at 1-A, Katol Road, Nagpur.
  • 2007: Set up integrated Manganese Beneficiation Plant at Balaghat mines with capacity of 0.5mn TPA.
  • 2008: Second wind farm with power generation capacity of 15.2 MW commissioned.
  • 2008: ‘Mini-Ratna - Category - I’ status conferred.
  • 2008: Incorporated 50:50 Joint Venture company ‘SAIL and MOIL Ferro Alloys Private Ltd’ with SAIL to manufacture ferro alloys at Bhilai (C.G.).
  • 2009: Equity Shares of the Company split from Rs 100 per share to Rs 10 per share.
  • 2009: Issue of Bonus Shares in the ratio 1:5
  • 2009: Achieved annual turnover of more than Rs. 1000 mn
  • 2009: Incorporated 50:50 Joint Venture company ‘RINMOIL Ferro Alloys Private Ltd’ with Rashtriya Ispat Nigam Limited (RINL) to manufacture ferro alloys at Vizag (AP).
  • 2010: Change in the name of the Company to MOIL Limited.
  • 2013: MOIL receives prospecting license from Maharashtra govt over 597.44 hectares of area.
  • 2013: MOIL has assigned Rs 250 crore investment for conducting geophysical studies and exploratory drilling on 597 acres of area in Maharashtra. The company would utilize the aforesaid area for expansion of existing mines and would open four mines.
  • 2013: Moil gets govt approval on mining lease for manganese ore from the Ministry of Mines, Government of India.
  • 2014: The grant of Prospecting License (PL) by Government of Maharashtra over an area of 597.44 hectares in Nagpur and Bhandara districts of Maharashtra have now been executed and registered.
  • 2015: Approval of environmental clearance for purchase of land for new mine
  • 2016: MOIL has signed a MoU with Government of Madhya Pradesh.
  • 2017: 4 Mines of MOIL received 5 Star Rating Award under Sustainable Development during National Conclave on Mines & Minerals
  • 2018-19: Started a new mine situated at Parsoda in Nagpur district.
  • 2020: MOIL has received Environmental Clearance for enhancement of production capacity from 90,000 TPA to 2,03,200 TPA.
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