Majestic Auto Ltd

Majestic Auto Ltd

₹ 295 -2.98%
04 Mar 4:01 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 307 Cr.
  • Current Price 295
  • High / Low 476 / 261
  • Stock P/E 75.4
  • Book Value 587
  • Dividend Yield 5.08 %
  • ROCE 10.3 %
  • ROE 4.69 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.50 times its book value
  • Stock is providing a good dividend yield of 5.08%.
  • Company has been maintaining a healthy dividend payout of 1,756%

Cons

  • Company has a low return on equity of 1.91% over last 3 years.
  • Earnings include an other income of Rs.29.0 Cr.

* 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

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
4.57 4.03 5.02 5.08 5.07 5.72 5.47 30.79 5.91 6.05 6.16 6.32 6.02
3.29 3.57 4.13 5.21 4.18 5.92 5.47 6.85 4.36 4.76 5.53 6.41 5.54
Operating Profit 1.28 0.46 0.89 -0.13 0.89 -0.20 0.00 23.94 1.55 1.29 0.63 -0.09 0.48
OPM % 28.01% 11.41% 17.73% -2.56% 17.55% -3.50% 0.00% 77.75% 26.23% 21.32% 10.23% -1.42% 7.97%
0.47 6.01 0.69 3.73 0.62 6.32 1.48 5.20 7.03 15.96 12.34 8.04 -7.29
Interest 0.64 0.78 0.72 0.66 0.69 0.64 0.62 0.62 0.64 0.58 0.61 0.58 0.64
Depreciation 0.57 0.60 0.62 0.60 0.60 0.60 0.58 0.59 0.58 0.62 0.71 0.79 0.93
Profit before tax 0.54 5.09 0.24 2.34 0.22 4.88 0.28 27.93 7.36 16.05 11.65 6.58 -8.38
Tax % 127.78% 107.86% 195.83% 26.07% 50.00% 129.92% 53.57% 25.85% 25.95% 118.88% 30.56% 16.87% -23.03%
-0.16 -0.40 -0.23 1.73 0.10 -1.46 0.14 20.70 5.44 -3.03 8.08 5.47 -6.45
EPS in Rs -0.15 -0.38 -0.22 1.66 0.10 -1.40 0.13 19.91 5.23 -2.91 7.77 5.26 -6.20
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 TTM
153.42 104.62 111.74 123.63 6.06 8.97 81.46 32.67 20.25 17.68 20.89 48.23 24.55
145.23 115.49 129.05 121.77 25.94 20.18 51.09 22.90 16.02 15.90 19.27 21.31 22.24
Operating Profit 8.19 -10.87 -17.31 1.86 -19.88 -11.21 30.37 9.77 4.23 1.78 1.62 26.92 2.31
OPM % 5.34% -10.39% -15.49% 1.50% -328.05% -124.97% 37.28% 29.91% 20.89% 10.07% 7.75% 55.82% 9.41%
8.25 88.06 57.17 36.06 9.05 8.49 10.23 11.07 10.63 10.86 11.19 29.53 29.05
Interest 12.61 14.81 10.42 16.12 6.89 5.84 6.10 5.05 3.20 2.85 2.71 2.46 2.41
Depreciation 14.72 15.03 17.71 17.40 2.42 2.49 0.79 2.12 2.08 2.20 2.42 2.38 3.05
Profit before tax -10.89 47.35 11.73 4.40 -20.14 -11.05 33.71 13.67 9.58 7.59 7.68 51.61 25.90
Tax % -46.37% -26.31% -124.81% -111.36% -14.05% -13.76% -6.64% 84.05% 10.65% 79.84% 98.05% 54.95%
-5.85 59.81 26.37 9.30 -17.31 -9.53 35.94 2.18 8.57 1.52 0.15 23.25 4.07
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 3.92
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 91.02% 0.00% 5,200.00% 67.10%
Compounded Sales Growth
10 Years: -7%
5 Years: -10%
3 Years: 34%
TTM: -49%
Compounded Profit Growth
10 Years: 13%
5 Years: -8%
3 Years: 40%
TTM: -84%
Stock Price CAGR
10 Years: 17%
5 Years: 24%
3 Years: 32%
1 Year: -10%
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 Sep 2024
Equity Capital 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40 10.40
Reserves 63.55 123.36 149.73 159.03 380.91 402.25 368.26 296.85 406.70 393.72 391.53 581.05 600.35
130.05 93.68 101.89 181.23 170.77 106.85 66.71 47.68 40.24 41.03 31.65 24.06 26.61
31.90 27.28 18.02 30.54 47.84 25.14 7.06 8.05 6.99 6.62 11.57 35.60 45.33
Total Liabilities 235.90 254.72 280.04 381.20 609.92 544.64 452.43 362.98 464.33 451.77 445.15 651.11 682.69
164.09 158.57 173.63 160.78 147.14 71.67 72.95 73.18 71.20 71.99 69.62 75.55 192.24
CWIP 7.52 8.36 1.96 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.80 15.91
Investments 10.93 15.04 16.52 110.72 406.21 416.47 326.54 237.21 358.66 296.89 299.94 196.35 392.87
53.36 72.75 87.93 109.61 56.57 56.50 52.94 52.59 34.47 82.89 75.59 376.41 81.67
Total Assets 235.90 254.72 280.04 381.20 609.92 544.64 452.43 362.98 464.33 451.77 445.15 651.11 682.69

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
15.95 -26.73 -15.51 -1.43 3.79 15.12 48.57 8.20 6.14 -6.13 11.66 48.99
-28.16 75.46 26.10 -61.75 22.17 60.73 -2.31 15.93 8.75 15.30 8.06 293.60
12.19 -50.08 -2.20 54.85 -26.51 -75.94 -46.25 -24.01 -11.76 -12.44 -19.74 -25.47
Net Cash Flow -0.02 -1.35 8.38 -8.33 -0.55 -0.09 0.01 0.12 3.14 -3.27 -0.02 317.13

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 32.33 63.92 40.28 69.09 1,868.37 307.63 13.85 20.89 40.56 16.72 2.80 3.86
Inventory Days 53.36 58.40 48.86 88.32 675.60 22.83 45.24 62.96 84.76 60.18 19.65
Days Payable 69.81 83.48 42.24 105.55 573.82 36.95 25.07 22.57 28.85 27.56 16.63
Cash Conversion Cycle 15.88 38.83 46.89 51.86 1,868.37 409.40 -0.27 41.07 80.95 72.63 35.42 6.88
Working Capital Days -12.44 61.75 70.36 77.85 554.73 1,230.91 -47.41 -86.25 36.59 169.91 65.35 -97.02
ROCE % 0.89% -7.25% -8.53% -2.22% -2.90% -0.96% 8.25% 4.70% 3.14% 2.31% 2.40% 10.33%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 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% 24.94% 24.95% 24.96% 24.96% 24.95% 24.94% 24.95% 24.95% 24.96% 24.95%
No. of Shareholders 7,5887,3197,0096,7166,5676,1095,8996,7228,1667,6658,3967,877

* 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.

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