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Past 10 year's financial track record analysis by Moneyworks4me indicates that MK Exim (India) Ltd is a average quality company.
The key valuation ratios of MK Exim (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MK Exim (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.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1% | 2.7% | 1.9% | 3.1% | 2.9% | -0.2% | 6.7% | 24% | 28.4% | 24.1% | - |
| Value Creation Index ⓘ | -0.9 | -0.8 | -0.9 | -0.8 | -0.8 | -1.0 | -0.5 | 0.7 | 1.0 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 27.7 | 50.8 | 35.6 | 26.1 | 19.1 | 23.7 | 48.7 | 54.7 | 73.2 | 104 | 98 |
| Sales YoY Gr. | - | 83.5% | -29.8% | -26.7% | -26.8% | 23.9% | 105.7% | 12.1% | 33.9% | 41.7% | - |
| Adj EPS ⓘ | 0 | 0.2 | 0.1 | 0.1 | 0.1 | -0.1 | 0.5 | 2 | 3.2 | 3.6 | 3.9 |
| YoY Gr. | - | 275% | -53.3% | 71.4% | -8.3% | -190.9% | NA | 286.3% | 62.9% | 12.8% | - |
| BVPS (₹) ⓘ | 6.8 | 6.8 | 6.9 | 7 | 7 | 7.1 | 7.7 | 9.1 | 12.3 | 16.4 | 22.8 |
| Adj Net Profit ⓘ | 0.1 | 0.5 | 0.2 | 0.4 | 0.4 | -0.3 | 1.7 | 7.9 | 13 | 14.6 | 16 |
| Cash Flow from Ops. ⓘ | -0.4 | 0.5 | 3.3 | 0.5 | 0.2 | -0.1 | -1.1 | 4.4 | 3.9 | 5.6 | - |
| Debt/CF from Ops. ⓘ | -5.8 | 3.1 | 1.4 | 8.3 | 24.3 | -43.4 | -3.1 | 0.7 | 1 | 0.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.8% | 40.2% | 28.6% | 41.7% | ||||
| Adj EPS ⓘ | 65% | 101.1% | 92.2% | 12.8% | ||||
| BVPSⓘ | 10.3% | 18.5% | 28.6% | 32.8% | ||||
| Share Price | 49% | 106.3% | 135.9% | 68.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.5 | 2.2 | 1.1 | 1.7 | 1.6 | -1.4 | 6.9 | 25.9 | 30 | 25.2 | 19.8 |
| Op. Profit Mgn % ⓘ | 0.2 | 1.8 | 2.6 | -3.6 | 3.2 | -0.8 | 5.6 | 19.6 | 23.8 | 18.7 | 21.1 |
| Net Profit Mgn % ⓘ | 0.4 | 1 | 0.7 | 1.5 | 1.9 | -1.4 | 3.4 | 14.5 | 17.7 | 14.1 | 16 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 364 | 305 | 561 | 686 | 631 | 355 | 204 | 220 | 202 | 196 | 121 |
| Cash Conv. Cycle ⓘ | 179 | 135 | 208 | 319 | 307 | 253 | 148 | 122 | 99 | 94 | 103 |
Sales growth is growing at healthy rate in last 3 years 28.60%
Net Profit is growing at healthy rate in last 3 years 92.18%
Return on Equity has declined versus last 3 years average to 19.80%
Sales growth is not so good in last 4 quarters at 3.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.9 | 4.1 |
| TTM Sales (₹ Cr.) | 97.7 | 104 |
| BVPS (₹.) ⓘ | 22.8 | 20.5 |
| Reserves (₹ Cr.) ⓘ | 52 | 42 |
| P/BV ⓘ | 3.95 | 4.40 |
| PE ⓘ | 23.16 | 21.83 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 48.33 / 124.95 |
| All Time Low / High (₹) | 1.13 / 124.95 |
| Market Cap (₹ Cr.) | 363 |
| Equity (₹ Cr.) | 40.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28 | 51 | 36 | 26 | 19 | 24 | 49 | 55 | 73 | 104 |
| Operating Expenses ⓘ | 28 | 50 | 35 | 27 | 19 | 24 | 47 | 44 | 56 | 84 |
| Manufacturing Costs | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 26 | 48 | 33 | 25 | 17 | 22 | 37 | 36 | 43 | 68 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Other Costs ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 6 | 10 | 13 |
| Operating Profit ⓘ | 0 | 1 | 1 | -1 | 0 | 0 | 2 | 11 | 17 | 19 |
| Operating Profit Margin (%) | 0.2% | 1.8% | 2.6% | -3.6% | 2.1% | -1.1% | 3.4% | 19.6% | 23.8% | 18.7% |
| Other Income ⓘ | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 1 | 1 | 3 |
| Interest ⓘ | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 0 | 0 | 0 | 1 | 3 | 11 | 18 | 22 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 5 | 6 |
| Profit After Tax | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 8 | 13 | 16 |
| PAT Margin (%) | 0.4% | 1.0% | 0.7% | 0.4% | 1.3% | 1.5% | 3.8% | 14.8% | 18.1% | 15.8% |
| Adjusted EPS (₹) | 0.0 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.6 | 2.0 | 3.3 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 71% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22 | 22 | 22 | 22 | 23 | 23 | 25 | 37 | 50 | 66 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 27 | 27 |
| Reserves ⓘ | 15 | 15 | 15 | 15 | 16 | 16 | 18 | 28 | 23 | 39 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 2 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 2 | 1 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 2 |
| Trade Payables | 8 | 32 | 34 | 21 | 1 | 1 | 5 | 1 | 3 | 3 |
| Others Liabilities ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 11 |
| Total Liabilities ⓘ | 32 | 56 | 61 | 48 | 29 | 28 | 35 | 44 | 61 | 82 |
Fixed Assets | ||||||||||
| Gross Block | 4 | 4 | 4 | 5 | 3 | 3 | 3 | 3 | 7 | 9 |
| Accumulated Depreciation | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 2 | 2 | 2 |
| Net Fixed Assetsⓘ | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | 7 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 3 | 3 | 3 | 3 | 1 | 1 | 1 | 1 |
| Inventories | 1 | 2 | 3 | 4 | 3 | 6 | 7 | 7 | 13 | 9 |
| Trade Receivables | 24 | 50 | 51 | 37 | 12 | 13 | 19 | 10 | 14 | 25 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 8 | 9 |
| Others Assetsⓘ | 6 | 2 | 1 | 1 | 8 | 4 | 6 | 16 | 20 | 30 |
| Total Assets ⓘ | 32 | 56 | 61 | 48 | 29 | 28 | 35 | 44 | 61 | 82 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 1 | 3 | 1 | 0 | 0 | -1 | 4 | 4 | 6 |
| PBT ⓘ | 0 | 1 | 0 | 0 | 0 | 1 | 3 | 11 | 18 | 22 |
| Adjustment ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 0 |
| Changes in Working Capital ⓘ | -1 | -0 | 3 | -0 | -0 | -1 | -6 | -5 | -10 | -11 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -3 | -5 | -6 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -4 | -1 | 0 | 0 | 1 | 0 | -4 | -2 |
| Capex | 0 | -1 | 0 | -1 | 0 | -1 | 0 | 0 | -4 | -2 |
| Net Investments | 0 | 0 | -3 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -2 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 2 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.51 | 2.31 | 1.06 | 0.51 | 1.09 | 1.56 | 7.73 | 26.28 | 30.68 | 28.22 |
| ROCE (%) | 1.34 | 3.78 | 2.83 | 3.85 | 3.64 | 3.73 | 12.18 | 32.89 | 39.04 | 36.62 |
| Asset Turnover Ratio | 0.94 | 1.14 | 0.61 | 0.48 | 0.5 | 0.84 | 1.56 | 1.4 | 1.39 | 1.45 |
| PAT to CFO Conversion(x) | N/A | 1 | N/A | N/A | N/A | N/A | -0.5 | 0.5 | 0.31 | 0.38 | Working Capital Days |
| Receivable Days | 235 | 268 | 520 | 616 | 466 | 189 | 119 | 99 | 60 | 68 |
| Inventory Days | 18 | 9 | 24 | 51 | 73 | 74 | 50 | 46 | 50 | 39 |
| Payable Days | 74 | 151 | 360 | 394 | 232 | 12 | 26 | 27 | 14 | 14 |
M K Exim (India) was incorporated under the Companies Act, 1956 as M/S. M K Exim (India) Private on December 31, 1992 with the Registrar of Companies, Rajasthan and was subsequently converted into a public limited company on February 15, 1995. M K Exim (India) is synonymous to the best in the field of textile products. The company was established by K L Khanchandani , D R Khanchandani a well oriented and skilled personality at Jaipur in the state of Rajasthan.
The company is a government recognized export house. It started operations of synthetic and knitted fabric with an installed capacity of 720922 metres p.a. at E-3, RIICO Industrial Area, Sitapura, Sanganer, Jaipur. The capacity was considered at 85% efficiency in a year. Due to liberalized conditions prevailing, the company has increased the capacity by way of expansion. By this way the production capacity has increased from 720922 metres to 3981200 metres.
The company is a profit-making unit since inception and financials of the company are very strong. The company is in process of set up a new plant at Bhilwara, which is a major textile centre in India.
M K Exim (India) is India's leading producer of various blended suiting & shirting fabric. With a capacity of 5 million meters of cotton, polyester, viscose, flex and lycra series of fabrics.
Over the years, M K Exim (India) has developed strong in-house skills for research & development, which has resulted in path-breaking new products. Perceived as pioneer and innovator, M K Exim (India) has been responsible for raising the standard of the Indian textiles industry.
The production unit of M K Exim (India) has a large workshop spread over an area of 40000 sq. ft. with all modern equipments . This unit is operated by a manpower of nearly 300 people having a high production capacity.They are not only limited to the production of suiting & shirting but produce the garment for man & women in the readymade garment unit with modern machines.
They are manufacturing and exporting mainly polyester viscose blended uniform fabrics. Their fabrics are also used in readymade garment units to produce the high quality Readymade garments in the blending of Polyester / Cotton, Polyester / Viscose, Polyester / Wool, Polyester / Viscose / Wool, Polyester / Lycra, Polyester / Flex. They have expanded their capacity of spun yarn manufacturing by installing a unit of 25000 spindle. Since inception they are exporting their entire products to the international market like Middle East, US and West African countries and awarded from Export House by the Govt. of India.
The company is manufacturing the following brands:
Product range of the company includes:
Fabrics –The fabric division started operations in 1993 with the weaving of blended fabrics. Subsequently, they have added facilities for processing & finishing blended fabrics. They are manufacturing following blends of fabrics :
Made-ups – Shirts - They are manufacturer and exporters of made-ups item made of chiffon, georgette, cotton Viscose, art silk fabrics.
Readymade garments –The readymade garment unit is a govt. recognized export house and mainly manufacturing DENIM garments. With spreading machine and conveyorised table it is very easy to handle heavy cloth like denim which is approx 1.35 Kgs per Mtrs. Length and can cut 1000 pair approx at a time which come approx. 1550 Kgs. It has in house cutting, stiching, wet processing & finishing facilities.
Denim Item - Jeans , Skirts, Shirts, Shorts Jacket, Rompers, in other casual fabrics, Trousers.
Women Garments - Ladies skirts, Ladies Nightwear, Ladies Blouse, Salwar suits.
Achievements/ recognition
Awarded Export House status by the Govt. of India.
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