Marinetrans India Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MARINETRAN | Logistics | Small Cap

BSE Share Price
Not Listed

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Marinetrans India stock performance -

mw4me loader
P/E Ratio (SA):
57.93
Market Cap:
33 Cr.
52-wk low:
0
52-wk high:
0

Is Marinetrans India Ltd an attractive stock to invest in?

1. Is Marinetrans India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Marinetrans India Ltd is a below average quality company.

2. Is Marinetrans India Ltd undervalued or overvalued?

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

3. Is Marinetrans India Ltd a good buy now?

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

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.
Marinetrans India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7%10.7%18.5%13.3%6.7%-
Value Creation
Index
-0.5-0.20.3-0.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12295.8203150106106
Sales YoY Gr.--21.6%112.1%-26.1%-29.2%-
Adj EPS 0.412.31.90.50.5
YoY Gr.-128.6%142.7%-20.6%-75.1%-
BVPS (₹) 13.614.516.718.52010
Adj Net
Profit
0.40.821.60.61
Cash Flow from Ops. 0.11.5-1-0.8-7.6-
Debt/CF from Ops. 43.31.6-2.6-7.3-0.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA3.5%-29.2%
Adj EPS NANA-21.8%-75.1%
BVPSNANA11.3%7.9%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.16.914.910.52.83
Op. Profit
Mgn %
0.71.41.51.71.8NAN
Net Profit
Mgn %
0.30.911.10.60.5
Debt to
Equity
0.20.20.20.40.3-
Working Cap
Days
08237551070
Cash Conv.
Cycle
0351923400

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.00%

Sales growth has been subdued in last 3 years 3.54%

Net Profit has been subdued in last 3 years -21.75%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Marinetrans India Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.3
TTM Sales (₹ Cr.) 106 106
BVPS (₹.) 10 21.2
Reserves (₹ Cr.) - 14
P/BV 2.59 1.22
PE 57.93 101.42
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 33
Equity (₹ Cr.) 12.7
Face Value (₹) 10
Industry PE 43.3

Management X-Ray of Marinetrans India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Marinetrans India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Sales122.1695.79203.21150.27106.34
Operating Expenses 121.3694.51200.31147.77104.49
Manufacturing Costs116.9590.30193.45139.6195.99
Material Costs00000
Employee Cost 2.111.722.102.533.56
Other Costs 2.312.494.765.624.95
Operating Profit 0.801.292.902.501.85
Operating Profit Margin (%) 0.7%1.3%1.4%1.7%1.7%
Other Income 0.280.310.060.090.12
Interest 0.540.440.400.450.96
Depreciation 0.080.040.030.050.18
Exceptional Items 00000
Profit Before Tax 0.461.122.532.100.83
Tax 0.120.300.640.550.26
Profit After Tax 0.350.811.891.550.57
PAT Margin (%) 0.3%0.9%0.9%1.0%0.5%
Adjusted EPS (₹)0.41.02.21.80.5
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 11.5612.3814.2615.8125.46
Share Capital 0.410.410.418.5312.73
Reserves 11.1611.9713.867.2812.74
Minority Interest00000
Debt2.502.122.535.586.74
Long Term Debt0.220.390.250.270.07
Short Term Debt2.281.732.285.316.68
Trade Payables9.236.185.223.958.62
Others Liabilities 1.080.760.660.341.11
Total Liabilities 24.3721.4422.6725.6841.94

Fixed Assets

Gross Block1.231.241.271.491.97
Accumulated Depreciation1.151.191.221.271.45
Net Fixed Assets0.080.050.050.220.52
CWIP 00000
Investments 0.050.050.050.060.04
Inventories00000
Trade Receivables18.0716.2016.6111.3724.86
Cash Equivalents 0.841.900.792.052.38
Others Assets5.333.255.1811.9914.14
Total Assets 24.3721.4422.6725.6841.94

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.061.54-1.01-0.77-7.59
PBT 0.461.122.532.100.83
Adjustment -0.700.230.380.401.36
Changes in Working Capital -0.66-1.69-1.41-2.72-9.51
Tax Paid 0.951.89-2.51-0.55-0.27
Cash Flow From Investing Activity 0.680.44-0.02-0.19-1.38
Capex -0.01-0.01-0.03-0.22-0.48
Net Investments 0.330.20-0.05-0.06-0.96
Others 0.360.250.060.090.06
Cash Flow From Financing Activity -1.26-0.73-0.132.509.30
Net Proceeds from Shares 000010.92
Net Proceeds from Borrowing -0.820.27-0.14-0.08-0.21
Interest Paid -0.54-0.44-0.40-0.45-0.96
Dividend Paid 00000
Others 0.10-0.550.423.03-0.46
Net Cash Flow -0.511.26-1.161.540.33
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)36.814.1610.292.76
ROCE (%)7.0410.7418.4913.276.66
Asset Turnover Ratio5.014.189.216.223.15
PAT to CFO Conversion(x)0.171.9-0.53-0.5-13.32
Working Capital Days
Receivable Days5465293462
Inventory Days00000
Payable Days00000

Marinetrans India Ltd Stock News

Marinetrans India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Marinetrans India on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Marinetrans India stood at ₹32.96.
The latest P/E ratio of Marinetrans India as of 01-Jan-1970 05:30 is 57.93.
The latest P/B ratio of Marinetrans India as of 01-Jan-1970 05:30 is 2.59.
The 52-week high of Marinetrans India is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marinetrans India is ₹106.3 ( Cr.) .

About Marinetrans India Ltd

Marinetrans India was incorporated as ‘Marinetrans India Private Limited’ on June 24, 2004, certification of incorporation under the provision of Companies Act, 1956 issued by the Assistant Registrar of Companies, Mumbai. Further, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Mumbai consequent upon conversion from Private Limited to Public Company dated May 18, 2023,in the name of ‘Marinetrans India Limited’.

Marinetrans India initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangement with the third-party service providers. It offers its customers a comprehensive range of transport management and freight-related services. Its services encompass Freight Forwarding, including both sea freight and air freight. Additionally, it have informal partnerships with various intermediaries to provide ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading and unpacking of items. These additional services enable it to provide end-to-end solutions and other value-added services that cater to its customers’ diverse needs.

Its primary objective is to ensure the safe transportation and delivery of goods from start to finish. It achieves this by leveraging its expertise to identify and recommend the optimal solution for each client’s specific business environment. Its dedicated team of skilled shipping and customs specialists works diligently to provide clients with customized solutions at affordable rates. Strengthening customer relationships and consistently delivering quality products, services and solutions are at the core of its mission.

The company operates from its Head office situated in Navi Mumbai, Maharashtra, along with one of its branches located in Ahmedabad, Gujarat. The company mainly operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, etc. and can take cargo from any location in India to across the world. The company is mainly responsible for obtaining and confirming the Sales Booking Request, Confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing and ensuring transportation in dock, and co-ordinating with the customer until the delivery of the goods. Since, the company is majorly a point of contact between the Shipping Line, and the customer, the Company does not per se operate through ports.

Business area of the company

The company is engaged in the business of International Freight Forwarding, Non Vessel Common Operating carrier (NVOCC), Sea Freight Booking in the Shipping Industry. The company initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangement with the third-party service providers.

Services of the company 

  • Freight Forwarding
  • Transportation
  • Multimodal Transportation
  • Other Value-Added Services

History and milestones 

  • 2004: Incorporation on June 24, 2004.
  • 2020: Scheme of Arrangement between Marinetrans India Private Limited (Demerged Company) (Now Converted to Public Limited company and name is changed to Marinetrans India Limited) Safewater Lines India Private Limited (Resultant Company) and their respective shareholders and creditors Under Section 230 to 232 of The Companies Act, 2013 was approved by National Company Law Tribunal vide letter reference number CP(CAA)/4039/MB-II/2019 dated July 31, 2020. Scheme will be effective from April 01, 2019 (Appointed Date).
  • 2023: The Company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Mumbai consequent upon conversion from Private Limited to Public Company dated May 18, 2023, in the name of ‘Marinetrans India Limited’.

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