Mysore Petro Chemicals Ltd

Mysore Petro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mysore Petro Chemicals Ltd

₹ 197 13.42%
26 Jul - close price
mysorepetro.com BSE: 506734
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.

Website BSE
  • Market Cap ₹ 130 Cr.
  • Current Price ₹ 197
  • High / Low ₹ 235 / 121
  • Stock P/E 39.6
  • Book Value ₹ 335
  • Dividend Yield 1.27 %
  • ROCE 4.22 %
  • ROE 3.16 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value

Cons

  • The company has delivered a poor sales growth of -2.95% over past five years.
  • Company has a low return on equity of 9.64% over last 3 years.
  • Earnings include an other income of Rs.30.2 Cr.
  • Debtor days have increased from 86.7 to 127 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

Consolidated Figures in Rs. Crores / View Standalone

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 15.18 13.89
2.07 8.66 7.12 5.80 3.71 8.99 3.76 10.65 1.54 7.78 8.69 18.92 18.44
Operating Profit -0.78 -0.52 -0.68 -0.78 -2.26 -0.66 -1.58 -4.19 -1.54 -0.70 -2.90 -3.74 -4.55
OPM % -60.47% -6.39% -10.56% -15.54% -155.86% -7.92% -72.48% -64.86% -9.89% -50.09% -24.64% -32.76%
8.85 10.56 13.25 13.53 11.95 8.64 6.60 9.42 8.72 3.07 3.03 4.48 19.59
Interest 0.06 0.06 0.06 0.07 0.12 0.19 0.12 0.16 0.04 0.01 0.03 0.20 0.40
Depreciation 0.15 0.15 0.15 0.15 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.46 1.00
Profit before tax 7.86 9.83 12.36 12.53 9.46 7.68 4.79 4.96 7.03 2.25 -0.01 0.08 13.64
Tax % 24.55% 25.03% 21.20% 23.06% 25.05% 17.19% 18.58% 32.06% 25.60% -3.11% 200.00% 925.00% 35.78%
5.93 7.38 9.74 9.64 7.08 6.37 3.90 3.37 5.23 2.32 -0.03 -0.67 8.75
EPS in Rs 9.01 11.21 14.79 14.64 10.75 9.68 5.92 5.12 7.94 3.52 -0.05 -0.08 14.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
30 6 33 13 23 21 18 28 42
25 10 36 16 25 24 26 35 54
Operating Profit 6 -4 -3 -3 -2 -3 -7 -7 -12
OPM % 19% -57% -10% -20% -9% -13% -39% -24% -28%
14 93 23 9 27 46 35 17 30
Interest 1 0 0 0 0 0 1 0 1
Depreciation 3 1 1 1 1 1 0 1 2
Profit before tax 16 89 18 5 24 43 27 9 16
Tax % 6% 19% 4% 10% 109% 23% 23% 27%
15 72 18 5 -2 33 21 7 10
EPS in Rs 22.30 108.83 26.98 7.38 -3.40 49.65 31.47 11.35 17.82
Dividend Payout % 4% 2% 7% 27% -59% 5% 8% 22%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 7%
TTM: 147%
Compounded Profit Growth
10 Years: %
5 Years: -17%
3 Years: 63%
TTM: -83%
Stock Price CAGR
10 Years: 18%
5 Years: 30%
3 Years: 20%
1 Year: 57%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 10%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 70 141 157 160 157 188 207 214
6 0 0 0 0 0 0 20
10 5 6 6 31 40 45 64
Total Liabilities 93 152 169 173 194 234 258 304
32 19 16 16 15 16 15 48
CWIP 0 0 0 0 0 0 0 2
Investments 54 79 107 115 145 213 228 232
6 54 46 42 34 5 15 23
Total Assets 93 152 169 173 194 234 258 304

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 -24 -2 -2 -5 -2 -10 -17
-3 25 6 2 6 2 18 23
-3 -1 -2 -2 -1 -1 -2 -8
Net Cash Flow -0 -0 3 -1 -1 -1 6 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 0 4 21 78 29 104 127
Inventory Days 147 0 0 0 0 0 0 25
Days Payable 150 24
Cash Conversion Cycle 17 0 4 21 78 29 104 128
Working Capital Days -46 642 139 411 290 -6 82 59
ROCE % 21% 11% 3% 19% 24% 12% 4%

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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Documents

Announcements

Annual reports