Mukat Pipes Ltd - Stock Valuation and Financial Performance

BSE: 523832 | NSE: MUKATPIPE | Steel & Iron Products | Small Cap

Mukat Pipes Share Price

12.93 -0.26 -1.97%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mukat Pipes

M-Cap below 100cr DeciZen not available

Mukat Pipes stock performance -

mw4me loader
P/E Ratio (SA):
42.52
Market Cap:
15.6 Cr.
52-wk low:
6
52-wk high:
19.1

Is Mukat Pipes Ltd an attractive stock to invest in?

1. Is Mukat Pipes Ltd a good quality company?

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

2. Is Mukat Pipes Ltd undervalued or overvalued?

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

3. Is Mukat Pipes Ltd a good buy now?

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

10 Year X-Ray of Mukat Pipes:

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.
Mukat Pipes 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 % -44.6%493.6%-7.2%3.7%22.8%7.9%-1.3%-0.1%0.5%0.7%-
Value Creation
Index
NANA-1.5NANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4.45.85.85.35.584.56.26.13.36
Sales YoY Gr.-31.1%-0.2%-8.3%3.4%46%-43.8%37.3%-0.5%-45.9%-
Adj EPS -1.1-2.20.1-0.2-0.6-0.3-0-0.1-0.1-0.10.3
YoY Gr.-NANA-300%NANANANANANA-
BVPS (₹) -6.8-9.2-4.5-4.8-5.4-5.7-5.7-5.8-5.9-6.1-5.9
Adj Net
Profit
-0.8-1.70.1-0.2-0.7-0.4-0.1-0.1-0.1-0.10
Cash Flow from Ops. 0.60.30.9000.200.30.20.1-
Debt/CF from Ops. 10.6213.4273.3115.715.9-355.614.520.730.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.1%-9.5%-9.6%-45.9%
Adj EPS NANANANA
BVPSNANANANA
Share Price 15.1% 20.9% 49.5% 110.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.927-1.73.911.75.30.71.41.71.8-5.2
Op. Profit
Mgn %
3.3-33.23.8-8.8-17-7-3.9-4-4.4-8.13.3
Net Profit
Mgn %
-18.7-29.21.8-4-12.9-4.4-1.1-1.5-1.9-3.86.4
Debt to
Equity
-1.1-0.8-0.6-0.6-0.5-0.5-0.5-0.5-0.5-0.5-
Working Cap
Days
34625824528534321926116615929459
Cash Conv.
Cycle
8753-4681207676383062-6

Recent Performance Summary

Sales growth is good in last 4 quarters at 96.82%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -9.60%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mukat Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 5.7 -
BVPS (₹.) -5.9 -
Reserves (₹ Cr.) -13 -
P/BV -2.25 -
PE 42.52 -
From the Market
52 Week Low / High (₹) 5.96 / 19.14
All Time Low / High (₹) 0.72 / 110.00
Market Cap (₹ Cr.) 15.6
Equity (₹ Cr.) 5.9
Face Value (₹) 5
Industry PE 24.8

Management X-Ray of Mukat Pipes:

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 Mukat Pipes

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
Sales4.395.775.765.285.467.974.486.156.123.31
Operating Expenses 4.257.695.555.746.388.524.656.406.393.58
Manufacturing Costs1.282.852.961.400.650.840.490.350.350.39
Material Costs12.790.812.904.115.912.534.674.701.41
Employee Cost 1.341.251.220.820.861.261.050.980.921.05
Other Costs 0.620.800.550.620.760.520.580.410.420.73
Operating Profit 0.14-1.920.22-0.47-0.92-0.55-0.18-0.25-0.27-0.27
Operating Profit Margin (%) 3.3%-33.2%3.7%-8.8%-17.0%-7.0%-3.9%-4.0%-4.4%-8.1%
Other Income 0.550.440.040.050.470.480.390.430.430.42
Interest 0.290.030.030.180.130.140.130.140.140.14
Depreciation 0.960.110.120.120.120.130.130.130.130.13
Exceptional Items -0.87-0.2300.50000000
Profit Before Tax -1.43-1.850.10-0.21-0.70-0.35-0.05-0.09-0.12-0.12
Tax 0000000000
Profit After Tax -1.43-1.850.10-0.21-0.70-0.35-0.05-0.09-0.12-0.12
PAT Margin (%) -32.6%-32.0%1.8%-4.0%-12.9%-4.3%-1.1%-1.5%-1.9%-3.8%
Adjusted EPS (₹)-1.8-2.40.1-0.2-0.6-0.30.0-0.1-0.1-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -5.32-7.19-5.27-5.63-6.33-6.68-6.73-6.82-6.94-7.21
Share Capital 7.837.835.925.925.925.925.925.925.925.92
Reserves -13.15-15.02-11.18-11.55-12.25-12.59-12.64-12.74-12.85-13.12
Minority Interest0000000000
Debt5.955.883.123.253.363.373.483.613.573.57
Long Term Debt5.955.883.123.253.363.373.483.613.573.57
Short Term Debt0000000000
Trade Payables1.872.522.250.390.390.090.080.060.090.06
Others Liabilities 4.665.286.649.0710.508.727.637.827.378.01
Total Liabilities 7.176.496.747.087.915.504.474.674.104.44

Fixed Assets

Gross Block21.9822.3322.3722.3722.5822.6022.6122.6222.5222.55
Accumulated Depreciation20.3620.4820.6120.7320.8520.9721.1121.2421.3521.48
Net Fixed Assets1.611.841.771.651.741.621.511.381.171.07
CWIP 0.09000000000
Investments 0000000000
Inventories1.861.291.241.291.601.320.640.760.370.90
Trade Receivables1.531.411.850.940.760.070.03000
Cash Equivalents 0.340.250.340.320.280.230.210.440.460.51
Others Assets1.741.711.552.893.532.272.092.082.101.96
Total Assets 7.176.496.747.087.915.504.474.674.104.44

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.560.280.910.010.030.21-0.010.250.170.12
PBT -0.56-1.620.10-0.72-0.70-0.35-0.05-0.09-0.12-0.12
Adjustment 1.190.140.140.280.230.270.250.270.270.25
Changes in Working Capital 0.81.990.850.10.510.29-0.210.080.020.13
Tax Paid 00-0.18-0.1500000-0.14
Cash Flow From Investing Activity 0.04-0.27-0.030.02-0.05-0.14000.020.10
Capex -0.02-0.28-0.050-0.21-0.02-0.01-0.010.08-0.03
Net Investments 0000000000
Others 0.0600.010.020.16-0.120.020.01-0.060.13
Cash Flow From Financing Activity -0.37-0.10-0.79-0.05-0.02-0.12-0.01-0.02-0.17-0.14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.08-0.07-0.760.130.100.010.110.12-0.030
Interest Paid -0.29-0.02-0.03-0.18-0.12-0.14-0.13-0.14-0.14-0.14
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 0.23-0.090.09-0.02-0.04-0.05-0.020.240.020.07
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.70.991.020.90.781.190.91.351.40.77
PAT to CFO Conversion(x)N/AN/A9.1N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days11880898253194100
Inventory Days102856974906780423470
Payable Days6572871,0711663415136620

Mukat Pipes Ltd Stock News

Mukat Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mukat Pipes on 28-Mar-2024 16:01 is ₹12.93.
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 28-Mar-2024 16:01 the market cap of Mukat Pipes stood at ₹15.60.
The latest P/E ratio of Mukat Pipes as of 28-Mar-2024 16:01 is 42.52.
The latest P/B ratio of Mukat Pipes as of 28-Mar-2024 16:01 is -2.25.
The 52-week high of Mukat Pipes is ₹19.14 and the 52-week low is ₹5.96.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mukat Pipes is ₹5.74 ( Cr.) .

About Mukat Pipes Ltd

The Mukat Group of Companies was established by the late Bhupinder Singh Ahluwalia, a man whose foresightedness is solely responsible for the Mukat Empire as it stands today. The group consists of the following companies, which together cater to the needs of the Oil, Gas, Petrochemical, Infrastructure & allied industries. Mukat Pipes Limited Surindra Engineering Co. Limited, Mukat Tanks & Vessels Limited.

Mukat Pipes Limited was established in 1987, over the years through its dedicated approach & constant endeavor to improvise, Commands a sizeable market share in the industry. Broadly stated the group has the largest manufacturing range from ½” NB to 200” NB diameter pipes in the thickness range of 1.6mm to 90 mm.

Backed by the state of the art manufacturing facilities in line with international standards,the group is confident of meeting all challenges in their respective fields & is set to lead by example.

Product range of the company includes:

  • Submerged Arc Welded Pipes
  • LSAW
  • SPIRAL
  • EFSW

Achievements/ recognition:

  • Certifications from American Petroleum Institute
  • International Europe Award for Quality -  1993.
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