Southern Magnesium & Chemicals Ltd
Incorporated in 1985, Southern Magnesium
& Chemicals Ltd manufactures magnesium metal
- Market Cap ₹ 68.7 Cr.
- Current Price ₹ 229
- High / Low ₹ 306 / 82.6
- Stock P/E 20.6
- Book Value ₹ 32.4
- Dividend Yield 0.00 %
- ROCE 48.6 %
- ROE 41.3 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.2%
Cons
- Stock is trading at 7.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 59.6 to 119 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: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.09 | 1.75 | 5.46 | 3.22 | 6.32 | 1.54 | 4.42 | 1.59 | 2.01 | 2.34 | 8.57 | 9.47 | |
1.43 | 1.44 | 2.83 | 1.70 | 3.39 | 2.21 | 2.63 | 1.79 | 1.97 | 1.72 | 3.72 | 5.21 | |
Operating Profit | 0.66 | 0.31 | 2.63 | 1.52 | 2.93 | -0.67 | 1.79 | -0.20 | 0.04 | 0.62 | 4.85 | 4.26 |
OPM % | 31.58% | 17.71% | 48.17% | 47.20% | 46.36% | -43.51% | 40.50% | -12.58% | 1.99% | 26.50% | 56.59% | 44.98% |
-0.06 | 0.00 | 0.83 | 0.03 | 0.07 | -0.29 | 0.05 | 0.03 | 0.03 | 0.04 | 0.09 | 0.34 | |
Interest | 0.02 | 0.05 | 0.07 | 0.09 | 0.08 | 0.09 | 0.08 | 0.08 | 0.09 | 0.06 | 0.01 | 0.10 |
Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.07 | 0.09 | 0.10 | 0.10 | 0.05 | 0.05 |
Profit before tax | 0.56 | 0.24 | 3.37 | 1.44 | 2.90 | -1.10 | 1.69 | -0.34 | -0.12 | 0.50 | 4.88 | 4.45 |
Tax % | 0.00% | 0.00% | 3.26% | 34.72% | 34.83% | 1.82% | 18.93% | 35.29% | 16.67% | 22.00% | 28.28% | 25.17% |
0.55 | 0.24 | 3.26 | 0.94 | 1.90 | -1.08 | 1.37 | -0.23 | -0.09 | 0.40 | 3.51 | 3.33 | |
EPS in Rs | 1.83 | 0.80 | 10.87 | 3.13 | 6.33 | -3.60 | 4.57 | -0.77 | -0.30 | 1.33 | 11.70 | 11.10 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 68% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 19% |
3 Years: | 239% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 61% |
3 Years: | 137% |
1 Year: | 118% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 47% |
Last Year: | 41% |
Balance Sheet
Figures in Rs. Crores
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 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
Reserves | -5.92 | -5.69 | -3.34 | -2.39 | -0.50 | -1.58 | -0.21 | -0.44 | -0.54 | -0.14 | 3.39 | 6.72 |
Preference Capital | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
2.61 | 1.97 | 2.34 | 1.83 | 1.22 | 1.40 | 0.55 | 0.72 | 1.35 | 1.15 | 0.19 | 2.44 | |
1.94 | 2.19 | 0.37 | 0.88 | 2.37 | 0.73 | 0.48 | 0.21 | 0.15 | 0.39 | 1.02 | 0.84 | |
Total Liabilities | 1.63 | 1.47 | 2.37 | 3.32 | 6.09 | 3.55 | 3.82 | 3.49 | 3.96 | 4.40 | 7.60 | 13.00 |
0.40 | 0.37 | 0.34 | 0.32 | 0.31 | 0.49 | 0.42 | 0.55 | 0.47 | 0.39 | 0.38 | 0.36 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
1.23 | 1.09 | 2.03 | 3.00 | 5.78 | 3.06 | 3.40 | 2.94 | 3.49 | 4.01 | 7.22 | 12.64 | |
Total Assets | 1.63 | 1.47 | 2.37 | 3.32 | 6.09 | 3.55 | 3.82 | 3.49 | 3.96 | 4.40 | 7.60 | 13.00 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.39 | 0.05 | 1.11 | 0.50 | 1.00 | 0.07 | 1.07 | -0.26 | 0.16 | 0.40 | 4.34 | -3.08 | |
0.00 | 0.00 | 0.69 | 0.01 | 0.03 | -0.22 | -0.09 | 0.15 | -0.72 | -0.14 | -2.53 | 0.11 | |
-0.38 | -0.01 | -1.59 | -0.61 | -0.69 | 0.09 | -0.93 | 0.09 | 0.54 | -0.25 | -0.98 | 2.16 | |
Net Cash Flow | 0.01 | 0.04 | 0.22 | -0.10 | 0.34 | -0.06 | 0.04 | -0.01 | -0.03 | 0.01 | 0.83 | -0.81 |
Ratios
Figures in Rs. Crores
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 | 113.52 | 98.03 | 54.15 | 115.62 | 69.88 | 52.14 | 21.47 | 22.96 | 19.98 | 32.76 | 26.83 | 119.10 |
Inventory Days | 169.33 | 222.36 | 136.66 | 669.17 | 465.86 | 647.30 | 568.61 | 1,355.71 | 843.82 | 1,126.74 | 326.13 | 570.63 |
Days Payable | 18.81 | 8.39 | 0.00 | 0.00 | 100.86 | 28.52 | 0.00 | 0.00 | 23.55 | 0.00 | 0.00 | 0.00 |
Cash Conversion Cycle | 264.03 | 311.99 | 190.81 | 784.79 | 434.88 | 670.93 | 590.08 | 1,378.67 | 840.24 | 1,159.50 | 352.97 | 689.73 |
Working Capital Days | 45.41 | -35.46 | 98.94 | 227.84 | 174.99 | 452.69 | 189.11 | 560.13 | 404.95 | 369.68 | 69.00 | 303.33 |
ROCE % | 109.40% | 59.79% | 230.70% | 68.92% | 96.75% | -20.80% | 57.47% | -7.85% | -0.85% | 14.32% | 92.35% |
Documents
Announcements
- Closure of Trading Window 26 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copies of Newspaper Advertisement regarding Audited financial results for the quarter and year ended 31.03.2024
- Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015 29 May
- Audited Financial Results For The Quarter And Financial Year Ended 31.03.2024 29 May
Annual reports
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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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Financial Year 2009
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Business Overview:[1]
Company largely deals on government entities for its business
Product Profile:[2][3]
Company was set up to produce primary Magnesium Metal in a joint venture with Andhra Pradesh Industrial Development Corporation. However, due to dumping magnesium metal from China, company shifted its focus to downstream products viz.,
a) Magnesium powders
b) Turnings
c) Regular magnesium metal ingots
d) Magnesium granules
e) Magnesium alloy
f) Magnesium extrusion
g) Magnesium Chips