Mysore Petro Chemicals Ltd

Mysore Petro Chemicals Ltd

₹ 197 13.42%
26 Jul - close price
About

Incorporated in 1969, Mysore Petro Chemicals Ltd is engaged in trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.

Key Points

Business Overview:[1]
Company used to manufacture Phthalic Anhydride (PA) at its plant at Raichur in Karnataka with a capacity of 12000 MTPA. However, due to economic unviability, the Plant was closed from July 2013 till April 2017. Company has transferred its MA business by way of “Slump Sale” to I G Petrochemicals Limited and is now involved in trading of organic & inorganic chemicals.

  • Market Cap 130 Cr.
  • Current Price 197
  • High / Low 235 / 121
  • Stock P/E 16.3
  • Book Value 160
  • Dividend Yield 1.27 %
  • ROCE 11.2 %
  • ROE 9.01 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of -4.56% over past five years.
  • Company has a low return on equity of 6.74% over last 3 years.
  • Earnings include an other income of Rs.27.4 Cr.
  • Debtor days have increased from 78.0 to 100 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
1.29 8.14 6.44 5.02 1.45 8.33 2.18 6.46 0.00 7.08 5.79 12.93 10.49
2.07 8.66 7.12 5.80 3.72 8.76 3.76 10.64 1.54 7.78 6.68 14.27 12.79
Operating Profit -0.78 -0.52 -0.68 -0.78 -2.27 -0.43 -1.58 -4.18 -1.54 -0.70 -0.89 -1.34 -2.30
OPM % -60.47% -6.39% -10.56% -15.54% -156.55% -5.16% -72.48% -64.71% -9.89% -15.37% -10.36% -21.93%
2.04 5.01 3.42 3.79 1.24 5.16 3.23 4.37 4.00 5.81 3.03 3.43 15.17
Interest 0.06 0.06 0.06 0.07 0.12 0.19 0.12 0.16 0.04 0.01 0.03 0.03 0.01
Depreciation 0.15 0.15 0.15 0.15 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Profit before tax 1.05 4.28 2.53 2.79 -1.26 4.43 1.42 -0.08 2.31 4.99 2.00 1.95 12.75
Tax % 20.00% 25.00% 5.93% 16.85% -25.40% 16.25% 3.52% -25.00% 26.84% 12.83% 26.50% 16.41% 29.18%
0.84 3.21 2.38 2.32 -0.94 3.72 1.37 -0.06 1.70 4.36 1.48 1.63 9.04
EPS in Rs 1.28 4.88 3.62 3.52 -1.43 5.65 2.08 -0.09 2.58 6.62 2.25 2.48 13.73
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
133 40 33 23 30 6 33 13 23 21 18 26 36
124 29 17 17 25 10 36 16 25 24 26 30 42
Operating Profit 9 10 15 6 6 -4 -3 -3 -2 -3 -7 -4 -5
OPM % 7% 26% 47% 26% 19% -57% -10% -20% -9% -13% -39% -17% -14%
0 -0 1 1 1 75 9 8 3 14 13 16 27
Interest 3 2 1 1 1 0 0 0 0 0 1 0 0
Depreciation 3 4 3 3 3 1 1 1 1 1 0 0 0
Profit before tax 3 4 12 4 3 71 5 5 -0 11 5 11 22
Tax % 33% 24% 42% 47% 30% 24% 16% 12% 538% 18% 9% 19%
2 3 7 2 2 54 4 4 -1 9 4 9 17
EPS in Rs 3.10 5.12 10.97 2.92 3.13 81.34 5.97 6.17 -1.55 13.29 6.21 13.91 25.08
Dividend Payout % 0% 29% 18% 34% 32% 2% 34% 32% -129% 19% 40% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -5%
3 Years: 4%
TTM: 114%
Compounded Profit Growth
10 Years: 10%
5 Years: 22%
3 Years: 10%
TTM: 19%
Stock Price CAGR
10 Years: 18%
5 Years: 30%
3 Years: 20%
1 Year: 57%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 7%
Last Year: 9%

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 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 21 23 23 24 26 79 81 84 81 89 91 99
21 14 6 6 6 0 0 0 0 0 0 0
29 17 16 13 10 5 6 6 6 6 6 21
Total Liabilities 78 61 51 50 49 90 94 96 94 102 103 127
32 28 21 32 32 19 16 16 15 16 15 15
CWIP 0 0 0 0 0 0 0 0 0 0 0 2
Investments 8 9 9 9 10 18 31 39 44 81 73 85
37 24 22 9 6 54 46 42 34 5 15 24
Total Assets 78 61 51 50 49 90 94 96 94 102 103 127

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
6 11 11 5 5 -24 -2 -2 -5 -2 -10 -6
-5 -3 -0 -1 -3 25 6 2 6 2 18 4
-0 -9 -11 -3 -3 -1 -2 -2 -1 -1 -2 -2
Net Cash Flow 0 -0 0 1 -0 -0 3 -1 -1 -1 6 -4

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 36 55 45 42 20 0 4 21 78 29 104 100
Inventory Days 40 144 742 147 0 0 0 0 0 0 0
Days Payable 41 109 796 150
Cash Conversion Cycle 36 90 45 -12 17 0 4 21 78 29 104 100
Working Capital Days 5 31 9 37 -46 642 139 411 290 -6 82 -23
ROCE % 13% 15% 34% 12% 11% 10% 5% 5% 8% 11% 3% 11%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99%
2.99% 2.99% 2.99% 2.91% 1.79% 1.40% 1.14% 0.44% 0.44% 0.44% 0.44% 0.44%
24.02% 24.02% 24.02% 24.10% 25.22% 25.62% 25.86% 26.56% 26.57% 26.57% 26.57% 26.57%
No. of Shareholders 5,7315,6355,6115,6245,7435,5245,4485,4455,4865,3415,3815,390

* 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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