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BSE: 531810 | NSE: | Steel & Iron Products | Small Cap
1. Is Metal Coatings (India) Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Metal Coatings (India) Ltd is a below average quality company.
2. Is Metal Coatings (India) Ltd undervalued or overvalued?
The key valuation ratios of Metal Coatings (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Metal Coatings (India) Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Metal Coatings (India) Ltd is likely to Fall 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.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 8.5% | 8.5% | 7.7% | 6.3% | 7.9% | 6.8% | 10% | 8.5% | 6.7% | 6.8% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.5 | -0.6 | -0.4 | -0.5 | -0.3 | -0.4 | -0.5 | -0.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 101 | 109 | 114 | 91.5 | 97.9 | 110 | 154 | 120 | 94.1 | 142 | 173 | ||
| YoY Gr. Rt. % | - | 8.2% | 4.5% | -19.9% | 7% | 12.8% | 39.5% | -22% | -21.7% | 51.2% | - | ||
| Adj EPS ⓘ | 1.9 | 2.5 | 1.9 | 2.1 | 2.7 | 2.7 | 4.2 | 3.8 | 3.3 | 3.8 | 3.4 | ||
| YoY Gr. Rt. % | - | 29.8% | -22.6% | 7.8% | 28.5% | 3% | 53.7% | -9.3% | -13.4% | 15.4% | - | ||
| BVPS (₹) ⓘ | 27.6 | 28.9 | 29.6 | 30.5 | 32.8 | 33.9 | 36.5 | 39.6 | 43 | 46.4 | 47.7 | ||
| Adj Net Profit ⓘ | 1.4 | 1.8 | 1.4 | 1.5 | 2 | 2 | 3.1 | 2.8 | 2.4 | 2.8 | 2 | ||
| Cash Flow from Ops. ⓘ | 0.1 | 0 | 3.8 | -0.8 | 3.9 | 1.4 | 2.5 | 8.3 | -4.6 | -5.6 | - | ||
| Debt/CF from Ops. ⓘ | 227.2 | -2711.2 | 3.5 | -22.2 | 2.7 | 6.8 | 3 | 0.5 | -2.1 | -1.7 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 3.9% | 7.8% | -2.6% | 51.2% | ||||||||
| Adj EPS ⓘ | 8% | 7.5% | -3.2% | 15.4% | ||||||||
| BVPS ⓘ | 5.9 | 7.2 | 8.4 | 7.9 | ||||||||
| Share Price | 15.8% | 16.7% | 53.8% | 110.6% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 7.9 | 8.8 | 6.6 | 6.9 | 8.4 | 8.2 | 12 | 10 | 8 | 8.5 | 7.2 | |
| Op. Profit Mgn % ⓘ | 4.3 | 4.1 | 3.9 | 4.3 | 4.6 | 3.6 | 2.8 | 3.1 | 3.4 | 2.2 | 1.5 | |
| Net Profit Mgn % ⓘ | 1.4 | 1.7 | 1.2 | 1.7 | 2 | 1.8 | 2 | 2.3 | 2.6 | 2 | 1.4 | |
| Debt to Equity ⓘ | 0.7 | 0.8 | 0.6 | 0.8 | 0.4 | 0.4 | 0.3 | 0.1 | 0.3 | 0.3 | 0 | |
| Working Cap Days ⓘ | 81 | 81 | 80 | 103 | 105 | 104 | 79 | 94 | 123 | 102 | 84 | |
| Cash Conv. Cycle ⓘ | 76 | 77 | 76 | 97 | 98 | 100 | 76 | 90 | 117 | 92 | 74 | |
Sales growth is good in last 4 quarters at 40.69%
Return on Equity has declined versus last 3 years average to 7.10%
Sales growth has been subdued in last 3 years -2.62%
Net Profit has been subdued in last 3 years -3.19%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.4 | - |
| TTM Sales (₹ Cr.) | 173 | - |
| BVPS (₹.) ⓘ | 47.7 | - |
| Reserves (₹ Cr.) ⓘ | 28 | - |
| P/BV ⓘ | 1.88 | - |
| PE ⓘ | 26.72 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 36.95 / 112.95 |
| All Time Low / High (₹) | 2.00 / 112.95 |
| Market Cap (₹ Cr.) | 65.8 |
| Equity (₹ Cr.) | 7.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 11.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Metal Coatings (India) was incorporated on December 12, 1994 to take over the assets of a profit-making partnership firm set up in 1988 with the same name. The company has been promoted by R C Khandelwal, R S Khandelwal and V P Khandelwal.
Cold-rolled steel strips, hot-rolled pickled & oiled coils and strips, cold-rolled flat wire strips, and galvanized wires and strips are manufactured by the company, which find application in the auto components, power transmission equipment, white goods, defence equipment, electrical equipment and other industrial sectors. Manufacturing facilities are located in the Faridabad district of Haryana with installed capacities of 17,000 MTPA cold-rolled strips and 3,500 MTPA galvanized iron wires and strips.
The company now envisages enhancing its capacity to 13200 MT through an expansion-cum-backward integration scheme spread over the existing and new site at Plot No. 113, HSIDC Industrial Estate, Sector 59, Faridabad. In order to meet its requirement of CRCA strips, MCIL is installing a CR Mill of 13000 TPA, CR slitting unit of 12300 TPA and other balancing equipments. After the implementation of the project, the entire requirement of CRCA strips would be met from in-house.
The registered office of the company is located at A-178/12A, Ground Floor, Dayanand Colony, Lajpat Nagar-IV, New Delhi-110024.
Business area of the company
The company is engaged in the manufacture and sale of different types of steel coils and strips.
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