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BSE: 513554 | NSE: MAHASTEEL | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahamaya Steel Industries Ltd is a average quality company.
The key valuation ratios of Mahamaya Steel Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mahamaya Steel Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.4% | 3.9% | -5.2% | 4.7% | 5.7% | 7% | 5.2% | 2.7% | 3.7% | 3.5% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -1.4 | -0.7 | -0.6 | -0.5 | -0.6 | -0.8 | -0.7 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 297 | 299 | 317 | 254 | 297 | 465 | 358 | 251 | 495 | 650 | 775 |
| Sales YoY Gr. | - | 0.7% | 6.1% | -20% | 16.9% | 56.7% | -23.1% | -29.9% | 97.4% | 31.2% | - |
| Adj EPS ⓘ | 1.4 | 1.4 | -12 | 0.5 | 1.7 | 4 | 2.4 | 0.3 | 1.9 | 2.2 | 2.7 |
| YoY Gr. | - | 3.6% | -942% | NA | 251.1% | 139.4% | -39.5% | -87.9% | 558.6% | 16.2% | - |
| BVPS (₹) ⓘ | 67.2 | 68.3 | 57.1 | 61.2 | 63.2 | 67.7 | 70.2 | 73.1 | 75.2 | 77.8 | 80.1 |
| Adj Net Profit ⓘ | 1.9 | 1.9 | -16.3 | 0.6 | 2.2 | 5.4 | 3.3 | 0.4 | 3.2 | 3.7 | 4 |
| Cash Flow from Ops. ⓘ | 16.3 | 10.9 | 25.2 | 15.5 | 2.9 | 17.8 | 34.6 | -4.2 | 44 | 1.8 | - |
| Debt/CF from Ops. ⓘ | 3.5 | 6.4 | 2.8 | 6.1 | 35.3 | 5.7 | 2.3 | -19.2 | 1 | 24.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.1% | 17% | 22% | 31.2% | ||||
| Adj EPS ⓘ | 5.4% | 6.1% | -2.4% | 16.2% | ||||
| BVPSⓘ | 1.6% | 4.3% | 3.5% | 3.5% | ||||
| Share Price | 6.7% | -7.4% | 11% | 92.4% | ||||
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 % ⓘ | 1.5 | 1.6 | -14 | 0.7 | 2.7 | 6 | 3.5 | 0.4 | 2.7 | 2.9 | 3.4 |
| Op. Profit Mgn % ⓘ | 4.2 | 5.4 | 0.5 | 6.4 | 7.1 | 4.9 | 4.4 | 5 | 3.1 | 2.1 | 2.1 |
| Net Profit Mgn % ⓘ | 0.6 | 0.7 | -5.2 | 0.3 | 0.8 | 1.2 | 0.9 | 0.2 | 0.6 | 0.6 | 0.6 |
| Debt to Equity ⓘ | 0.5 | 0.6 | 0.7 | 1.1 | 1.2 | 1.1 | 0.8 | 0.8 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 132 | 129 | 115 | 131 | 137 | 103 | 127 | 177 | 85 | 64 | 28 |
| Cash Conv. Cycle ⓘ | 83 | 82 | 78 | 87 | 77 | 56 | 73 | 101 | 51 | 40 | 11 |
Return on Equity has increased versus last 3 years average to 3.40%
Sales growth is growing at healthy rate in last 3 years 22.01%
Sales growth is good in last 4 quarters at 29.08%
Net Profit has been subdued in last 3 years -2.43%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | 4 |
| TTM Sales (₹ Cr.) | 775 | 775 |
| BVPS (₹.) ⓘ | 80.1 | 84.8 |
| Reserves (₹ Cr.) ⓘ | 115 | 123 |
| P/BV ⓘ | 1.31 | 1.24 |
| PE ⓘ | 38.77 | 26.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 55.25 / 144.00 |
| All Time Low / High (₹) | 19.00 / 505.55 |
| Market Cap (₹ Cr.) | 173 |
| Equity (₹ Cr.) | 16.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 299 | 317 | 254 | 297 | 465 | 358 | 251 | 495 | 650 |
| Operating Expenses ⓘ | 284 | 283 | 316 | 238 | 276 | 443 | 342 | 238 | 480 | 636 |
| Manufacturing Costs | 57 | 56 | 72 | 58 | 28 | 80 | 75 | 40 | 85 | 116 |
| Material Costs | 212 | 211 | 227 | 171 | 238 | 345 | 252 | 190 | 379 | 502 |
| Employee Cost | 6 | 6 | 6 | 6 | 8 | 11 | 11 | 6 | 5 | 7 |
| Other Costs ⓘ | 10 | 11 | 12 | 3 | 3 | 7 | 4 | 3 | 10 | 11 |
| Operating Profit ⓘ | 13 | 16 | 1 | 16 | 21 | 23 | 16 | 13 | 15 | 14 |
| Operating Profit Margin (%) | 4.2% | 5.4% | 0.5% | 6.4% | 7.1% | 4.9% | 4.4% | 5.0% | 3.1% | 2.1% |
| Other Income ⓘ | 2 | 1 | 1 | 2 | 2 | 2 | 1 | 0 | 0 | 1 |
| Interest ⓘ | 6 | 8 | 9 | 11 | 12 | 11 | 9 | 6 | 5 | 3 |
| Depreciation ⓘ | 5 | 7 | 7 | 6 | 7 | 6 | 6 | 6 | 6 | 6 |
| Exceptional Items ⓘ | 2 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit Before Tax ⓘ | 4 | 3 | -12 | 3 | 4 | 7 | 1 | 1 | 5 | 6 |
| Tax ⓘ | 1 | 1 | 3 | 0 | 2 | 1 | -2 | 1 | 2 | 2 |
| Profit After Tax | 3 | 2 | -15 | 3 | 3 | 6 | 3 | 1 | 3 | 4 |
| PAT Margin (%) | 1.0% | 0.7% | -4.8% | 1.0% | 0.9% | 1.3% | 0.9% | 0.2% | 0.6% | 0.6% |
| Adjusted EPS (₹) | 2.2 | 1.6 | -11.2 | 1.9 | 1.9 | 4.5 | 2.4 | 0.4 | 1.9 | 2.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 123 | 125 | 109 | 83 | 86 | 92 | 95 | 108 | 124 | 128 |
| Share Capital ⓘ | 46 | 46 | 46 | 14 | 14 | 14 | 14 | 15 | 16 | 16 |
| Reserves ⓘ | 78 | 79 | 64 | 70 | 72 | 78 | 82 | 93 | 107 | 111 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 55 | 68 | 70 | 92 | 100 | 100 | 78 | 77 | 44 | 43 |
| Long Term Debt | 2 | 4 | 6 | 36 | 36 | 34 | 29 | 32 | 26 | 23 |
| Short Term Debt | 53 | 64 | 64 | 55 | 64 | 65 | 48 | 46 | 18 | 20 |
| Trade Payables | 4 | 4 | 7 | 2 | 22 | 19 | 18 | 15 | 6 | 18 |
| Others Liabilities ⓘ | 21 | 22 | 24 | 30 | 20 | 23 | 17 | 20 | 27 | 29 |
| Total Liabilities ⓘ | 204 | 219 | 210 | 207 | 227 | 234 | 208 | 221 | 200 | 218 |
Fixed Assets | ||||||||||
| Gross Block | 132 | 135 | 121 | 80 | 82 | 85 | 88 | 91 | 96 | 107 |
| Accumulated Depreciation | 52 | 59 | 53 | 6 | 13 | 19 | 25 | 31 | 36 | 41 |
| Net Fixed Assetsⓘ | 80 | 76 | 69 | 74 | 69 | 66 | 63 | 61 | 60 | 65 |
| CWIP ⓘ | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 5 | 15 | 30 | 28 | 28 | 28 | 28 | 28 | 26 | 24 |
| Inventories | 47 | 48 | 37 | 40 | 61 | 84 | 63 | 72 | 47 | 80 |
| Trade Receivables | 26 | 38 | 42 | 27 | 24 | 17 | 17 | 20 | 21 | 18 |
| Cash Equivalents | 5 | 7 | 6 | 4 | 5 | 4 | 3 | 2 | 15 | 0 |
| Others Assetsⓘ | 41 | 35 | 24 | 34 | 41 | 35 | 33 | 38 | 32 | 31 |
| Total Assets ⓘ | 204 | 219 | 210 | 207 | 227 | 234 | 208 | 221 | 200 | 218 |
| 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 ⓘ | 16 | 11 | 25 | 15 | 3 | 18 | 35 | -4 | 44 | 2 |
| PBT ⓘ | 4 | 3 | -12 | 3 | 4 | 7 | 1 | 1 | 5 | 6 |
| Adjustment ⓘ | 9 | 12 | 16 | 12 | 18 | 18 | 15 | 12 | 9 | 9 |
| Changes in Working Capital ⓘ | 3 | -5 | 21 | 1 | -19 | -6 | 19 | -16 | 33 | -12 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | 1 | -13 | -16 | 0 | 1 | -7 | -3 | 1 | -5 | -11 |
| Capex | 1 | -3 | -2 | -8 | -2 | -3 | -4 | -3 | -5 | -11 |
| Net Investments | 0 | -10 | -14 | 7 | 0 | 0 | 2 | 0 | 2 | 4 |
| Others ⓘ | 0 | 0 | 0 | 2 | 3 | -4 | -1 | 3 | -2 | -4 |
| Cash Flow From Financing Activityⓘ | -16 | 5 | -10 | -16 | -4 | -11 | -31 | 5 | -26 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 14 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | 2 | 2 | 4 | 0 | -2 | -5 | 7 | 12 | -1 |
| Interest Paid ⓘ | -5 | -8 | -9 | -11 | -12 | -11 | -9 | -6 | -5 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -7 | 11 | -2 | -9 | 8 | 2 | -17 | -7 | -47 | -1 |
| Net Cash Flow ⓘ | 1 | 3 | -1 | 0 | 1 | -1 | 1 | 2 | 13 | -15 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.31 | 2.31 | -17.92 | 3.16 | 3 | 6.87 | 3.48 | 0.54 | 2.72 | 3.32 |
| ROCE (%) | 5.78 | 5.76 | -1.35 | 7.83 | 8.77 | 9.69 | 5.61 | 4.26 | 5.56 | 5.42 |
| Asset Turnover Ratio | 1.57 | 1.58 | 1.65 | 1.37 | 1.4 | 2.02 | 1.62 | 1.17 | 2.35 | 3.11 |
| PAT to CFO Conversion(x) | 5.33 | 5.5 | N/A | 5 | 1 | 3 | 11.67 | -4 | 14.67 | 0.5 | Working Capital Days |
| Receivable Days | 28 | 35 | 41 | 44 | 30 | 16 | 17 | 27 | 15 | 11 |
| Inventory Days | 64 | 52 | 43 | 49 | 61 | 57 | 75 | 98 | 44 | 36 |
| Payable Days | 12 | 7 | 9 | 9 | 18 | 22 | 27 | 32 | 10 | 9 |
Mahamaya Steel Industries has been promoted by Ramanand Agrawal and Anand Kumar Agrawaal and Jaiprakash Agarwal. The company is presently manufacturing MS strips, MS channels, MS Girders and MS Flats of various sizes having overall capacity of 19,500 MT per annum. Its products are marketed under RSL name.
The company has implemented a project for manufacturing steel strips and structural products with installed capacity of 19,500 MT p.a. The commercial production was commenced on August 23, 1990.
The company has successfully implemented a power project of 3 MW capacities. In 2009, the company name has been changed from Rajesh Strips to Mahamaya Steel Industries.
The ISO 9001:2000 certified company produces light and heavy steel structural’s like crossing sleeper bars, meter gauge sleepers, and joists in various ranges used by the construction, automobile, and consumer durable industries. An oxygen gas plant with an installed capacity of 900,000 cubic meters has been set up for captive consumption, but excess production is sold to outside parties creating an additional source of income.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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