Mysore Petro Chemicals Ltd
Incorporated in 1969, Mysore Petro Chemicals Ltd is engaged in trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.
- Market Cap ₹ 110 Cr.
- Current Price ₹ 167
- High / Low ₹ 262 / 144
- Stock P/E 33.4
- Book Value ₹ 335
- Dividend Yield 1.50 %
- ROCE 3.67 %
- ROE 2.73 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.50 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 9.49% over last 3 years.
- Contingent liabilities of Rs.38.0 Cr.
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | -19% |
| 3 Years: | 59% |
| TTM: | -83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 28% |
| 3 Years: | 18% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 9% |
| 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 | -3 | -17 | |
| -3 | 25 | 6 | 2 | 6 | 2 | 12 | 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 | -51 |
| ROCE % | 21% | 11% | 3% | 19% | 24% | 12% | 4% |
Documents
Announcements
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Results - Financial Results For The Quarter And Half Year Ended 30Th September, 2024
13 Nov - Approved unaudited financial results for Q2 FY2024.
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Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2024.
5 Nov - Board meeting on 13th November to approve financial results.
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Announcement Under Regulation 30 Of SEBI (LODR) - Updates
2 Nov - Filed writ petition against Industrial Tribunal award.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
25 Oct - Issuance of duplicate share certificates for shareholders.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
8 Oct - Intimation of loss and issuance of duplicate share certificates.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.