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Mercator Ltd Stock Analysis

Small Cap
Evaluated by 1340 users | BSE: 526235 | NSE: MERCATOR |
Shipping
Mercator Lines (MLL), incorporated in 1983, is a second largest private sector shipping company in India. The company is provider of sea borne transportation services.The company owns and operates combination of vessels ranging from bulk carriers, medium range vessels and Aframax’s to...

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 0.38%-1.98%-7.1%3.95%6.42%5.57%2.54%-5.02%-16.01%-44.44%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 637548551497659589538406312132
Y-o-Y Gr. Rt.--14%0.6%-9.9%32.7%-10.7%-8.6%-24.6%-23.1%-57.6%
Adjusted EPS (Rs.) -3.88-6.18-8.950.332.141.19-0.83-5.36-11.1-17.15
Y-o-Y Gr. Rt.-NANANA548.5%-44.4%-169.8%NANANA
Book Value per Share (Rs.) 40.8535.6727.3627.1228.6230.7130.425.58.36-25.5
Adjusted Net Profit -95.1-151-2198.152.529-22.4-162-336-519
Net Op. Cash Flow (Rs. Cr.) -1021.671132155292188132-24.48.3
Debt to Cash Flow from Ops -13.2767.84116.6863.45.47.2-48.95116.5
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.
Mercator Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -16%-27.5%-37.4%-57.6%
Adjusted EPS NA-251.6%NANA
Book Value per Share -194.9-197.7-194.3-405
Share Price -31.6% -49.6% -71.3% 35.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -9.14-15.72-27.941.217.694-2.84-20.37-65.57200.08
Operating Profit Margin (%) 17.4115.3516.8425.130.0438.9636.3823.26-26.03-44.29
Net Profit Margin (%) -14.92-27.62-39.761.627.964.93-4.15-39.99-107.64-392.38
Debt to Equity 1.341.381.171.331.331.321.241.244.73-1.25
Working Capital Days 4965064205094064465328359391,360
Cash Conversion Cycle -103-929372404120435314
Entity Percentage Holding
Promoters 10.99%
Institutions 3.87%
Non-Institutions 85.14%
Pledged *56.3453.8182.2173.0172.8172.8172.8164.4737.6535.66
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mercator Ltd's performance infers:

Mercator Ltd earnings have declined by -251.6%, whereas share price has depreciated -49.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Mercator Ltd share prices over the last 10 years. Here is what we found out:

Mercator Ltd share price has depreciated -32.7% annually over the past ten years.

Mercator Lines (MLL), incorporated in 1983, is a second largest private sector shipping company in India. The company is provider of sea borne transportation services.

The company owns and operates combination of vessels ranging from bulk carriers, medium range vessels and Aframax’s to VLCC’s. The company’s VLCC is the largest Indian flagship vessel.

The tonnage capacity has risen

Mercator Lines (MLL), incorporated in 1983, is a second largest private sector shipping company in India. The company is provider of sea borne transportation services.

The company owns and operates combination of vessels ranging from bulk carriers, medium range vessels and Aframax’s to VLCC’s. The company’s VLCC is the largest Indian flagship vessel.

The tonnage capacity has risen from 4000 DWT in 1994 to about 2561476 DWT in 2009.

Besides shipping, the company also has business interests in offshoring activities such as constructing jack-up rigs, oil and gas exploration; providing logistics solutions in coal handling and coal mining.

The Mercator Group has acquired economic interest in coal mines in Mozambique and Indonesia with substantial coal resources; as a measure of backward integration to strengthen its shipping activities and to meet the huge energy demand in India. Commercial operations in Indonesia have already commenced.

Mercator Lines has clients like Manglore Refinery & Petrochemicals, Reliance Industries, M Pallonji & Co, Indian Oil Corporation, Global Chartering, CPC Corporation Taiwan, Refined Success, North China Shipping Co, British Marine PLC and S T Shipping & Transportation Inc, among others.

The company owns subsidiaries viz. Mercator International Pte, Mercator Offshore, Mercator Oil and Gas, Varsha Marine Pte and Mercator Lines (Singapore).

Awards

Mercator Lines received Star Company of the Year Award in Small and Medium Sector (SME) given by Business Standard- 2005.

The company was rated as Fastest Growing Small Company of India across all the sectors by Business Today-2005.

2010 Singapore Corporate Awards 2010
Emerging India Awards 2010

2011 - Mercator Limited Annual Report 2011 wins the ‘Platinum Award’ at LACP vision Awards 2011.

2012 - Mercator receives new CARE ratings.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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