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MK Exim (India) Ltd. Stock Analysis

Small Cap
Evaluated by 52 users | BSE: 538890 | NSE: |
Textile
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...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 2.45%2.22%0.12%0.99%2.69%1.93%3.11%2.93%-0.18%6.71%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 16.814.71327.750.835.626.119.123.748.7
Y-o-Y Gr. Rt.--12.7%-11.7%113.3%83.5%-29.8%-26.7%-26.8%23.9%105.7%
Adjusted EPS (Rs.) 0.340.04-0.360.160.690.330.530.49-0.462.3
Y-o-Y Gr. Rt.--88.2%-1000%NA331.3%-52.2%60.6%-7.6%-193.9%NA
Book Value per Share (Rs.) 30.3130.3630.4830.6530.7731.131.2631.632.134.68
Adjusted Net Profit 0.20-0.30.10.50.20.40.4-0.31.7
Net Op. Cash Flow (Rs. Cr.) -3.9-0.7-1.7-0.40.53.30.50.2-0.1-1.1
Debt to Cash Flow from Ops -0.84-10.03-1.01-5.843.121.358.3124.26-43.39-3.06
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.
MK Exim (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.6%-0.8%23.1%105.7%
Adjusted EPS 23.7%27.2%63.1%NA
Book Value per Share 1.52.43.58
Share Price 0.3% 7.7% 38.4% 22.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.390.14-1.180.522.241.061.711.56-1.446.9
Operating Profit Margin (%) 4.424.7-2.490.181.792.56-3.623.15-0.785.55
Net Profit Margin (%) 1.440.21-1.990.410.970.661.461.85-1.393.39
Debt to Equity 0.150.330.080.10.080.20.190.20.160.14
Working Capital Days 533799796364305561686631355204
Cash Conversion Cycle 156256363179135208319307253148
Entity Percentage Holding
Promoters 33.81%
Non-Institutions 66.19%
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.

The 5-year analysis of MK Exim (India) Ltd.'s performance infers:

MK Exim (India) Ltd. earnings have grown by 27.2%, whereas share price has appreciated 7.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of MK Exim (India) Ltd. share prices over the last 10 years. Here is what we found out:

MK Exim (India) Ltd. share price has appreciated -6.5% annually over the past ten years.

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

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:

  • Cashmere Fabrics
  • French Elegance
  • Isiem Brand
  • Galaxy Brand
  • Jhai Jhoray Fabrics
  • Classic 

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 :

  • Polyester / Viscose
  • Polyester / Cotton
  • Polyester / Wool
  • Polyester / Lycra
  • Polyester / Acrylic
  • Polyester 100%
  • Cotton
  • Acrylics
  • Lycra 
  • Viscose

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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