Meson Valves India Ltd - Stock Valuation and Financial Performance

BSE: 543982 | NSE: | Trading | Small Cap

Meson Valves India Share Price

626.05 7.45 1.20%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Meson Valves India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Meson Valves India stock performance -

mw4me loader
P/E Ratio (SA):
69.99
Market Cap:
633.6 Cr.
52-wk low:
280.1
52-wk high:
1,400

Is Meson Valves India Ltd an attractive stock to invest in?

1. Is Meson Valves India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Meson Valves India Ltd is a below average quality company.

2. Is Meson Valves India Ltd undervalued or overvalued?

The key valuation ratios of Meson Valves India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Meson Valves India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Meson Valves India 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 Meson Valves India:

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.
Meson Valves India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.2%33%32.6%28.4%-
Value Creation
Index
-0.61.41.31.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15.314.136.763.163
Sales YoY Gr.--8%159.9%72.3%-
Adj EPS 0.95.968.98.9
YoY Gr.-567.1%2.7%47.6%-
BVPS (₹) 1.67.726.759.359.3
Adj Net
Profit
0.32.14.299
Cash Flow from Ops. 4.1-0.7-8-13.1-
Debt/CF from Ops. 2.3-13-1.4-0.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA60.3%72.3%
Adj EPS NANA116.3%47.6%
BVPSNANA234.8%121.8%
Share Price - - - 86.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
55.7127.336.722.515
Op. Profit
Mgn %
5.826.61923.4NAN
Net Profit
Mgn %
214.611.414.314.3
Debt to
Equity
16.63.50.60.1-
Working Cap
Days
05073223040
Cash Conv.
Cycle
01541251500

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 60.33%

Net Profit is growing at healthy rate in last 3 years 116.26%

Return on Equity has declined versus last 3 years average to 15.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Meson Valves India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.9 -
TTM Sales (₹ Cr.) 63.2 -
BVPS (₹.) 59.3 -
Reserves (₹ Cr.) 50 -
P/BV 10.52 -
PE 69.99 -
From the Market
52 Week Low / High (₹) 280.05 / 1400.00
All Time Low / High (₹) 193.80 / 1400.00
Market Cap (₹ Cr.) 634
Equity (₹ Cr.) 10.2
Face Value (₹) 10
Industry PE 70.8

Management X-Ray of Meson Valves India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Meson Valves India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales15143763
Operating Expenses 15103048
Manufacturing Costs0113
Material Costs1142438
Employee Cost 1234
Other Costs 2423
Operating Profit 14715
Operating Profit Margin (%) 4.0%26.6%19.0%23.4%
Other Income 0010
Interest 0111
Depreciation 0001
Exceptional Items 0000
Profit Before Tax 03613
Tax 0124
Profit After Tax 0249
PAT Margin (%) 0.8%15.1%12.2%14.3%
Adjusted EPS (₹)0.36.16.58.9
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 131860
Share Capital 00710
Reserves 031250
Minority Interest0000
Debt99116
Long Term Debt4400
Short Term Debt55116
Trade Payables1112713
Others Liabilities 1486
Total Liabilities 21274585

Fixed Assets

Gross Block22317
Accumulated Depreciation1113
Net Fixed Assets12214
CWIP 0004
Investments 0000
Inventories3101315
Trade Receivables10101635
Cash Equivalents 4233
Others Assets231315
Total Assets 21274585

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4-1-8-13
PBT 03613
Adjustment 1101
Changes in Working Capital 3-4-13-24
Tax Paid 0-1-2-3
Cash Flow From Investing Activity 0-10-17
Capex 0-10-17
Net Investments 0000
Others 0000
Cash Flow From Financing Activity -1-1931
Net Proceeds from Shares 001331
Net Proceeds from Borrowing 00-40
Interest Paid 0-100
Dividend Paid 0000
Others 0000
Net Cash Flow 3-201
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)21.41131.6542.223
ROCE (%)5.243332.5728.39
Asset Turnover Ratio0.730.581.010.97
PAT to CFO Conversion(x)N/A-0.5-2-1.44
Working Capital Days
Receivable Days242265128146
Inventory Days6916811379
Payable Days3461,03214196

Meson Valves India Ltd Stock News

Meson Valves India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Meson Valves India on 31-Oct-2024 16:01 is ₹626.0.
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 31-Oct-2024 16:01 the market cap of Meson Valves India stood at ₹633.6.
The latest P/E ratio of Meson Valves India as of 31-Oct-2024 16:01 is 69.99.
The latest P/B ratio of Meson Valves India as of 31-Oct-2024 16:01 is 10.52.
The 52-week high of Meson Valves India is ₹1,400 and the 52-week low is ₹280.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meson Valves India is ₹63.15 ( Cr.) .

About Meson Valves India Ltd

Meson Valves India was originally incorporated under the name ‘Sander Meson India Private Limited’ under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 18, 2016 issued by the Central Registration Centre for and on behalf of the jurisdictional Registrar of Companies. Subsequently, the name of the company was changed to ‘Meson Valves India Private Limited’ vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on April 25, 2019 and a Fresh Certificate of Incorporation pursuant to change of name was issued by Registrar of Companies, Goa, Daman & Diu dated May 15, 2019. Subsequently, the status of the company was changed to public limited and the name of the company was changed to ‘Meson Valves India Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the company held on April 10, 2023. The fresh certificate of incorporation consequent to conversion was issued on May 04, 2023, by the Registrar of Companies, Goa, Daman & Diu.

Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets. IT supplies mainly to Naval, Oil and gas industries, Power, Refineries and General Industries, both in domestic and international markets. The company is engaged in the business of assembling, buying, selling, distributing, importing, exporting or otherwise dealing in products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices. It also deals in installation, maintaining, servicing or otherwise handling of equipment and services that control and manage all products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices.

The company has been accredited with various quality certifications, certifying the design, development, manufacturing, supplying, marketing, sales and servicing of all types of valves, control valves, actuators, strainers, fluid control, management systems and related accessories. Its assembly unit is situated at Khed, Pune, Maharashtra. The unit is well equipped with CNC machines, all necessary Fixtures for assembly and test machinery for quality assurance, other handling Equipment’s to facilitate smooth assembly process and easy logistics. It endeavours to maintain safety in its premises by adhering to key safety norms, established through its internal health and safety manual, accompanied by regular safety meetings. Its follow ERP System for its routine from Customer enquiry to Dispatch of Goods.

Business area of the company

The company is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets.

Products of the company

  • Gate valve
  • Globe valve (SDNR)
  • Check valve
  • Ball valve
  • Butterfly valve
  • Self-closing valves
  • Quick closing valve
  • Strainers
  • Fire hydrant valve
  • Storm valve
  • Ballast control system

History and milestones 

  • 2016: Incorporation of the company under the name ‘Sander Meson India Private Limited’.
  • 2016: Setting up of assembly unit at Goa.
  • 2019: Change in name from Sander Meson India Private Limited to Meson Valves India Private Limited.
  • 2020: ISO 14001:2015 in accordance with TUV Austria CERT Procedures.
  • 2020: ISO 9001: 2015 in accordance with TUV Austria CERT Procedures.
  • 2020: ISO 45001:2018 in accordance with TUV Austria CERT Procedures.
  • 2022: Shifting of assembly unit at Pune.
  • 2023: Conversion of company to Public Limited Company.

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