IMEC Services Ltd

IMEC Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IMEC Services Ltd

₹ 37.0 1.99%
22 Nov - close price
ruchistrips.com BSE: 513295
About

Incorporated in 1987, MEC Services Ltd
provides Management and Consultancy
Services inter alia – information technology, engineering, and technical[1]

Key Points

Business Overview:[1][2]
a) Company (formerly known as Ruchi Strips & Alloys Limited) was in the business of Cold Rolled Steel Coils & Sheets. It had its manufacturing unit near Indore, with an installed capacity of 1 Lac TPA of Cold Rolled Steel. In FY11, their entire business including their assets and liabilities was sold on a slump sale basis to RSAL Steel Private Limited (a subsidiary of Ruchi Strips And Alloys Limited). After demerger of its entire steel division, the company was only in trading of commodities.
b) Currently, the company provides Management and Consultancy in engineering, information technology and technical.
c) It is also in trading of agricultural products, metal & metal alloys etc.

Website BSE
  • Market Cap ₹ 7.02 Cr.
  • Current Price ₹ 37.0
  • High / Low ₹ 37.0 / 2.70
  • Stock P/E
  • Book Value ₹ 8.63
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.28 times its book value
  • The company has delivered a poor sales growth of -35.8% over past five years.
  • Promoter holding is low: 30.3%
  • Contingent liabilities of Rs.7.01 Cr.
  • Promoters have pledged 65.5% of their holding.

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 6 9 11 10 11 9 1 4 6 2 0 4
7 6 9 11 11 12 11 2 2 7 2 2 1
Operating Profit -3 -1 -0 0 -0 -1 -2 -0 2 -1 -0 -1 2
OPM % -60% -10% -0% 4% -3% -8% -23% -34% 40% -23% -32% -337% 66%
2 -0 -0 -0 -0 -0 -0 -1 -0 0 -2 -2 305
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -2 -2 -1 -0 -1 -2 -3 -1 1 -2 -2 -4 307
Tax % 1% 0% 0% 2% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-2 -2 -1 -0 -1 -2 -3 -1 1 -2 -2 -4 307
EPS in Rs -0.39 -0.30 -0.19 -0.09 -0.23 -0.37 -0.58 -0.21 0.25 -11.47 -11.84 -18.42 1,617.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 18m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,769 1,011 885 475 154 84 59 20 12 36 43 6
1,711 974 850 530 190 106 94 77 18 36 44 6
Operating Profit 58 37 34 -55 -36 -22 -35 -58 -6 -0 -1 0
OPM % 3% 4% 4% -12% -23% -26% -59% -292% -51% -1% -2% 0%
8 3 3 3 1 0 0 0 2 -0 -0 300
Interest 52 33 31 34 38 39 2 2 2 2 2 0
Depreciation 4 3 2 2 2 2 2 2 2 2 2 0
Profit before tax 9 4 4 -88 -75 -63 -39 -61 -8 -4 -5 300
Tax % 42% 45% 31% 8% -1% -0% -16% 11% 0% 0% 0% 0%
5 2 2 -95 -74 -63 -32 -68 -8 -4 -5 300
EPS in Rs 1.08 0.43 0.49 -19.01 -14.85 -12.54 -6.47 -13.54 -1.56 -0.81 -0.91 1,578.21
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -40%
5 Years: -36%
3 Years: -19%
TTM: -85%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 8%
TTM: -30%
Stock Price CAGR
10 Years: 22%
5 Years: 82%
3 Years: 167%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 50 50 50 50 50 50 50 50 50 50 50 2
Reserves 20 15 10 -85 -178 -240 -274 -342 -349 -353 -358 -0
79 79 69 120 211 189 201 201 204 204 204 0
190 167 153 151 102 136 123 130 132 133 140 1
Total Liabilities 339 312 283 236 185 134 101 40 37 34 36 3
44 42 29 27 26 25 24 22 20 18 16 0
CWIP 4 5 5 8 6 6 6 6 6 6 6 0
Investments 0 0 0 0 2 2 0 0 0 0 0 0
291 264 248 201 151 101 71 12 12 10 14 3
Total Assets 339 312 283 236 185 134 101 40 37 34 36 3

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 37 22 -23 -62 63 -13 1 -1 2 2 -0
1 -0 20 3 4 -2 1 0 -0 0 -0 -0
-54 -33 -41 17 58 -62 11 -2 1 -2 -2 0
Net Cash Flow 17 3 1 -3 -0 -0 -1 -1 0 0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 30 41 48 73 187 226 196 57 102 14 12 5
Inventory Days 20 31 28 19 25 56 45 118 728 127 162 79
Days Payable 32 52 55 90 67 134 43 360 1,979 331 334 125
Cash Conversion Cycle 19 20 22 2 144 148 198 -185 -1,149 -190 -160 -41
Working Capital Days 12 23 25 23 179 -34 -180 -1,586 -2,601 -895 -753 55
ROCE % 42% 25% 24% -48% -42% -57%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.15% 30.15% 30.15% 30.15% 30.15% 26.60% 26.60% 26.60% 30.30% 30.30% 30.30% 30.30%
0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16%
69.69% 69.69% 69.69% 69.69% 69.70% 73.23% 73.24% 73.23% 69.54% 69.54% 69.54% 69.53%
No. of Shareholders 23,03024,68324,71224,62024,64824,80924,83224,83210,76410,64110,56810,450

* 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