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MH Mills & Industries Ltd Stock Analysis

Small Cap
Evaluated by 19 users | BSE: 514242 | NSE: |
Textile
MH Mills & Industries was incorporated in 1981 as a private company. The company converted into a public company in July 1986. Earlier known as Maneklal Harilal Mills, it got its present name of M H Mills & Industries on September 30, 1996. A reference was filed and registered with the...

Analysis of Financial Track Record

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.
Value Creation
 Mar'97Mar'98Sep'99Mar'01Mar'02Mar'03Mar'04Sep'05Sep'06Mar'08
Return on Capital Employed 5.28%6.73%-14.33%-7.82%-11.06%-12.48%-19.24%-40.47%26.48%-60.61%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 90.795.772.569.8657066.668.76346.6
Y-o-Y Gr. Rt.-5.5%-24.3%-3.7%-6.9%7.7%-4.9%3.1%-8.2%-26.1%
Adjusted EPS (Rs.) 1.392.4-27.73-20.2-15.15-15.16-18.53-17.436.98-4.3
Y-o-Y Gr. Rt.-72.7%-1255.4%NANANANANANA-161.6%
Book Value per Share (Rs.) 62.0961.379.58-10.42-17.9-31.13-48.75-62.65-5.19-7.02
Adjusted Net Profit 0.81.3-15.1-13.7-18.4-18.4-22.5-21.210.4-7.1
Net Op. Cash Flow (Rs. Cr.) -1.210.74.4-7.9-4.6-5.4-4.9-52.683.7-4.4
Debt to Cash Flow from Ops -48.235.8512.71-8.4-23.37-21.61-25.83-2.110.28-3.31
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
MH Mills & Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -7.1%-6.5%-11.3%-26.1%
Adjusted EPS -213.4%NANA-161.6%
Book Value per Share -178.5000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'97Mar'98Sep'99Mar'01Mar'02Mar'03Mar'04Sep'05Sep'06Mar'08
Return on Equity (%) 2.253.71-83.49-201.63326.2381.3652.3538.95-18.79196.48
Operating Profit Margin (%) 9.4511.53-7.24-3.92-3.63-0.33-6.19-6.04-13.78-8.58
Net Profit Margin (%) 0.851.36-20.78-19.6-28.23-26.22-33.78-30.8116.56-15.21
Debt to Equity 1.731.8810.74-14.06-5.01-3.12-2.15-1.46-9.58-1.8
Working Capital Days 022017414922218918510513689
Cash Conversion Cycle 01359452867665225-14
Entity Percentage Holding
Promoters 33.82%
Institutions 18.06%
Non-Institutions 48.12%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

MH Mills & Industries was incorporated in 1981 as a private company. The company converted into a public company in July 1986. Earlier known as Maneklal Harilal Mills, it got its present name of M H Mills & Industries on September 30, 1996.

A reference was filed and registered with the Board for Industrial and Financial Reconstruction (BIFR) in the year 2003, and the company was declared a sick industrial unit in 2005 and is under the perusal of the BIFR since then. It has

MH Mills & Industries was incorporated in 1981 as a private company. The company converted into a public company in July 1986. Earlier known as Maneklal Harilal Mills, it got its present name of M H Mills & Industries on September 30, 1996.

A reference was filed and registered with the Board for Industrial and Financial Reconstruction (BIFR) in the year 2003, and the company was declared a sick industrial unit in 2005 and is under the perusal of the BIFR since then. It has implemented the scheme of arrangement sanctioned by the High Court of Gujarat vide its order dated July 1, 2006 in the nature of compromise with creditors, restructuring of debts, de-merger of the packaging division to M.H. Packaging.

The registered office is located at Saraspur, Ahmedabad-380018, Gujarat.

Business area of the company

The company is engaged in the manufacture of cotton textile goods and polymers. Textile products included gray fabric, sarees, bleached poplins, long cloth, drills, twills, crepes, coatings, mosquito nettings, printed poplins, chintz, poplins and mercerized fabrics. The polymer division manufactures engineering plastics like polycarbonate sheets, cellulose acetates, acrylonitrile butadiene styrene and high-impact polystyrene.

Milestones

  • 1982 - The Maneklal Harilal Sponge & Manufacturing Company was amalgamated with the company with effect from January 1, 1982, and the name was subsequently changed to The Maneklal Harilal Mills.
  • 1993 - The company put up two wind turbines of 0.25 MW capacities each for the generation of electricity by non-conventional method at village Lamba, district Jamnagar, Gujarat.
  • 1993- A MOU was entered into with NWT of Italy. It was also proposed to enter the capital market in the near future.
  • 1995 - The company commissioned four wind turbines totaling 1.00 MW capacities for the generation of electricity by non-conventional method at village Lamba.
  • 1996 - The name of the company was again changed to the present one from Maneklal Harilal Mills and Industries.
  • 1996 - The Company proposed to modernize the existing facilities for the manufacture of yarn and fabrics.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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