Majestic Auto Ltd

Majestic Auto Ltd

₹ 357 -2.43%
03 Jul 1:04 p.m.
About

Incorporated in 1973, Majestic Auto Ltd is in the business of leasing and provision of maintenance services[1]

Key Points

Business Overview:[1]
MAL used to produce Mopeds and manufactured Automobile & Electrical components. Currently, company is in the business of commercial real estate. It provides office space on lease and facility management services

  • Market Cap 371 Cr.
  • Current Price 357
  • High / Low 419 / 149
  • Stock P/E 16.0
  • Book Value 569
  • Dividend Yield 4.20 %
  • ROCE 10.3 %
  • ROE 4.68 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.64 times its book value
  • Stock is providing a good dividend yield of 4.10%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 1,756%

Cons

  • Company has a low return on equity of 1.90% over last 3 years.
  • Earnings include an other income of Rs.29.7 Cr.
  • Working capital days have increased from 231 days to 456 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
4.81 4.55 4.54 4.57 4.03 5.02 5.08 5.07 5.72 5.47 30.79 5.91 6.05
3.93 5.12 3.95 3.29 3.57 4.13 5.21 4.18 5.92 5.47 6.85 4.36 4.76
Operating Profit 0.88 -0.57 0.59 1.28 0.46 0.89 -0.13 0.89 -0.20 0.00 23.94 1.55 1.29
OPM % 18.30% -12.53% 13.00% 28.01% 11.41% 17.73% -2.56% 17.55% -3.50% 0.00% 77.75% 26.23% 21.32%
6.92 0.47 3.93 0.47 6.01 0.69 3.73 0.62 6.32 1.48 5.20 7.03 15.96
Interest 0.73 0.80 0.63 0.64 0.78 0.72 0.66 0.69 0.64 0.62 0.62 0.64 0.58
Depreciation 0.52 0.52 0.52 0.57 0.60 0.62 0.60 0.60 0.60 0.58 0.59 0.58 0.62
Profit before tax 6.55 -1.42 3.37 0.54 5.09 0.24 2.34 0.22 4.88 0.28 27.93 7.36 16.05
Tax % 14.05% 14.08% 2.37% 127.78% 107.86% 195.83% 26.07% 50.00% 129.92% 53.57% 25.85% 25.95% 118.88%
5.63 -1.22 3.30 -0.16 -0.40 -0.23 1.73 0.10 -1.46 0.14 20.70 5.44 -3.03
EPS in Rs 5.41 -1.17 3.17 -0.15 -0.38 -0.22 1.66 0.10 -1.40 0.13 19.91 5.23 -2.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
153 105 112 124 6 9 81 33 20 18 21 48
145 115 129 122 26 20 51 23 16 16 19 21
Operating Profit 8 -11 -17 2 -20 -11 30 10 4 2 2 27
OPM % 5% -10% -15% 2% -328% -125% 37% 30% 21% 10% 8% 56%
8 88 57 36 9 8 10 11 11 11 11 30
Interest 13 15 10 16 7 6 6 5 3 3 3 2
Depreciation 15 15 18 17 2 2 1 2 2 2 2 2
Profit before tax -11 47 12 4 -20 -11 34 14 10 8 8 52
Tax % 46% -26% -125% -111% 14% 14% -7% 84% 11% 80% 98% 55%
-6 60 26 9 -17 -10 36 2 9 2 0 23
EPS in Rs -5.63 57.52 25.36 8.94 -16.65 -9.17 34.57 2.10 8.24 1.46 0.14 22.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 91% 0% 5,200% 67%
Compounded Sales Growth
10 Years: -7%
5 Years: -10%
3 Years: 34%
TTM: 131%
Compounded Profit Growth
10 Years: 13%
5 Years: -8%
3 Years: 40%
TTM: 15400%
Stock Price CAGR
10 Years: 18%
5 Years: 17%
3 Years: 35%
1 Year: 129%
Return on Equity
10 Years: 0%
5 Years: 2%
3 Years: 2%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 64 123 150 159 381 402 368 297 407 394 392 581
130 94 102 181 171 107 67 48 40 41 32 24
32 27 18 31 48 25 7 8 7 7 12 36
Total Liabilities 236 255 280 381 610 545 452 363 464 452 445 651
164 159 174 161 147 72 73 73 71 72 70 76
CWIP 8 8 2 0 0 0 0 0 0 0 0 3
Investments 11 15 17 111 406 416 327 237 359 297 300 196
53 73 88 110 57 56 53 53 34 83 76 376
Total Assets 236 255 280 381 610 545 452 363 464 452 445 651

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16 -27 -16 -1 4 15 49 8 6 -6 12 49
-28 75 26 -62 22 61 -2 16 9 15 8 294
12 -50 -2 55 -27 -76 -46 -24 -12 -12 -20 -25
Net Cash Flow -0 -1 8 -8 -1 -0 0 0 3 -3 -0 317

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 64 40 69 1,868 308 14 21 41 17 3 4
Inventory Days 53 58 49 88 676 23 45 63 85 60
Days Payable 70 83 42 106 574 37 25 23 29 28
Cash Conversion Cycle 16 39 47 52 1,868 409 -0 41 81 73 35 4
Working Capital Days -12 62 70 78 555 1,231 -47 -86 37 170 65 456
ROCE % 1% -7% -9% -2% -3% -1% 8% 5% 3% 2% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
24.95% 24.95% 24.95% 24.95% 24.95% 24.94% 24.95% 24.96% 24.96% 24.95% 24.94% 24.95%
No. of Shareholders 5,5916,3856,6787,5887,3197,0096,7166,5676,1095,8996,7228,166

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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