Meera Industries Ltd - Stock Valuation and Financial Performance

BSE: 540519 | NSE: | Textile - Machinery | Small Cap

Meera Industries Share Price

43.73 0.61 1.41%
as on 28-Mar'24 16:01

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Meera Industries stock performance -

mw4me loader
P/E Ratio (SA):
152.11
Market Cap:
46.7 Cr.
52-wk low:
35
52-wk high:
59.8

Is Meera Industries Ltd an attractive stock to invest in?

1. Is Meera Industries Ltd a good quality company?

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

2. Is Meera Industries Ltd undervalued or overvalued?

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

3. Is Meera Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Meera Industries 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 Meera Industries:

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.
Meera Industries 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'15Mar'16Jan'17Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.9%15.1%27%30.7%38.5%36.9%2.4%8.8%10.7%-7.6%-
Value Creation
Index
-0.40.10.91.21.81.6-0.8-0.4-0.2-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7.98.113.313.221.134.520.121.931.818.725
Sales YoY Gr.-2.7%65%-1.1%60.6%63.3%-41.7%8.8%45.1%-41.1%-
Adj EPS 0.30.63.91.52.74.50.41.92.4-1.90.3
YoY Gr.-90.9%522.2%-62.5%82.3%67.2%-91.1%385%23.7%-180.4%-
BVPS (₹) 10.14.316.75.59.814.521.72324.422.823.6
Adj Net
Profit
0.20.41.112.54.20.42.12.6-2.10
Cash Flow from Ops. 1.41.71.10.2-0.52.4-5.67.42.61.4-
Debt/CF from Ops. 0.10.100-0.600000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.1%-2.4%-2.4%-41.1%
Adj EPS -221.7%-193.6%-269%-180.4%
BVPS9.4%18.4%1.6%-6.9%
Share Price - -12.5% -16.1% 23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Jan'17Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.61526.930.338.936.92.38.710.1-8.21.3
Op. Profit
Mgn %
8.110.711.910.816.116.7214.814.9-5.36.6
Net Profit
Mgn %
2.85.28.27.61212.32.19.58.1-111.3
Debt to
Equity
0.1000000000-
Working Cap
Days
8477717298110279277179307143
Cash Conv.
Cycle
119-83253585887314456

Recent Performance Summary

Sales growth is good in last 4 quarters at 24.95%

Return on Equity has declined versus last 3 years average to 1.30%

Sales growth has been subdued in last 3 years -2.38%

Net Profit has been subdued in last 3 years -268.98%

Latest Financials - Meera Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 0.5
TTM Sales (₹ Cr.) 24.6 25.2
BVPS (₹.) 23.6 24
Reserves (₹ Cr.) 15 15
P/BV 1.85 1.82
PE 152.11 86.96
From the Market
52 Week Low / High (₹) 34.98 / 59.80
All Time Low / High (₹) 12.73 / 163.75
Market Cap (₹ Cr.) 46.7
Equity (₹ Cr.) 10.7
Face Value (₹) 10
Industry PE 41.2

Management X-Ray of Meera Industries:

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 Meera Industries

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
Sales7.467.858.0613.1521.1234.4820.1221.8931.7718.72
Operating Expenses 7.117.217.2011.7417.7328.7119.7218.6627.0519.71
Manufacturing Costs000.771.161.292.261.371.692.241.68
Material Costs5.204.944.597.2812.5020.5611.7812.1516.9411.79
Employee Cost 0.370.600.611.171.592.482.782.683.893.37
Other Costs 1.541.671.232.122.353.433.792.143.982.87
Operating Profit 0.350.640.861.423.395.760.403.234.72-0.99
Operating Profit Margin (%) 4.7%8.1%10.7%10.8%16.0%16.7%2.0%14.8%14.9%-5.3%
Other Income 0.060.160.130.340.450.830.850.370.230.30
Interest 0.060.030.030.040.040.080.040.030.220.21
Depreciation 0.160.310.320.250.300.370.420.681.011.09
Exceptional Items 00000-0.03-0.0100.200.13
Profit Before Tax 0.190.460.641.463.506.120.792.893.92-1.85
Tax 0.030.230.220.400.881.630.230.771.100
Profit After Tax 0.160.230.421.062.614.490.562.122.81-1.84
PAT Margin (%) 2.1%2.9%5.2%8.1%12.4%13.0%2.8%9.7%8.9%-9.9%
Adjusted EPS (₹)0.20.40.61.62.84.80.52.02.6-1.7
Dividend Payout Ratio (%)0%0%0%27%33%26%191%35%19%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2.462.692.873.769.2213.7023.1824.5826.1024.30
Share Capital 1.111.111.112.853.933.9310.6810.6810.6810.68
Reserves 1.351.581.760.915.299.7812.5013.9015.4213.62
Minority Interest0000000000
Debt0.110.080.0800.1800000
Long Term Debt0.080.080.0800.1800000
Short Term Debt0.03000000000
Trade Payables0.990.711.111.702.604.693.864.5656.31
Others Liabilities 0.941.481.692.462.842.962.224.044.675.15
Total Liabilities 4.494.955.757.9114.8421.3629.2533.1735.7735.76

Fixed Assets

Gross Block2.803.393.914.085.357.0312.1916.3520.1424.73
Accumulated Depreciation0.901.211.882.142.392.352.723.254.255.34
Net Fixed Assets1.902.182.031.942.964.699.4813.1015.8819.38
CWIP 0.260000.1100.170.572.900.02
Investments 000.230.250.820.650.710.690.390.15
Inventories0.740.340.591.232.385.877.347.668.589.97
Trade Receivables1.130.910.680.993.633.321.984.013.832.66
Cash Equivalents 0.2311.832.213.113.101.053.450.780.52
Others Assets0.240.510.391.281.823.748.533.683.403.05
Total Assets 4.494.955.757.9114.8421.3629.2533.1735.7735.76

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.441.441.650.23-0.492.44-5.637.412.581.39
PBT 0.190.460.641.463.506.120.792.893.92-1.85
Adjustment 0.220.300.250.170.120.150.310.851.451
Changes in Working Capital 0.070.881.11-0.94-3.34-1.98-6.263.93-1.482.9
Tax Paid -0.03-0.20-0.34-0.45-0.77-1.85-0.47-0.26-1.30-0.66
Cash Flow From Investing Activity -0.28-0.60-0.74-0.11-1.83-1.59-5.33-5.02-2.45-1.32
Capex -0.30-0.33-0.59-0.17-1.42-1.86-5.33-4.29-3.71-1.33
Net Investments 00-0.23-0.020.130.20-0.02-0.751.230
Others 0.02-0.270.070.08-0.530.070.030.020.030
Cash Flow From Financing Activity -0.10-0.06-0.080.253.21-0.858.91-0.74-1.57-0.33
Net Proceeds from Shares 0000.303.89011.75000
Net Proceeds from Borrowing -0.07000000000
Interest Paid -0.06-0.03000000.020.02-0.08
Dividend Paid 0000-0.79-0.47-1.78-0.53-1.280
Others 0.03-0.03-0.08-0.050.11-0.38-1.05-0.22-0.31-0.24
Net Cash Flow 0.060.770.830.380.890-2.051.65-1.44-0.26
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.78.9215.0932.140.2939.173.038.8911.11-7.32
ROCE (%)9.691823.0644.6753.3853.44.4512.2416.32-6.51
Asset Turnover Ratio1.521.781.511.931.861.910.80.70.920.52
PAT to CFO Conversion(x)2.756.263.930.22-0.190.54-10.053.50.92N/A
Working Capital Days
Receivable Days71443623403748504563
Inventory Days55232125314412012593181
Payable Days766372706365132126103175

Meera Industries Ltd Stock News

Meera Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Meera Industries on 28-Mar-2024 16:01 is ₹43.73.
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 Meera Industries stood at ₹46.70.
The latest P/E ratio of Meera Industries as of 28-Mar-2024 16:01 is 152.1.
The latest P/B ratio of Meera Industries as of 28-Mar-2024 16:01 is 1.85.
The 52-week high of Meera Industries is ₹59.80 and the 52-week low is ₹34.98.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meera Industries is ₹24.60 ( Cr.) .

About Meera Industries Ltd

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