Southern Magnesium & Chemicals Ltd

₹ 273 4.99%

21 Nov 4:00 p.m.

About

Incorporated in 1985, Southern Magnesium & Chemicals Ltd is in the business of Magnesium Metal and related goods^[1]

Key Points

Business Overview:^[1]^[2]
SMCL is promoted by Dr. N B Prasad and family. It set up a project at Gowripatnam, Andhra Pradesh, to manufacture magnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation. It was the first and only company in India to commercially produce Magnesium Metal

Website BSE

Market Cap ₹ 81.8 Cr.
Current Price ₹ 273
High / Low ₹ 469 / 183
Stock P/E 16.8
Book Value ₹ 42.1
Dividend Yield 0.00 %
ROCE 48.6 %
ROE 41.3 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 47.3%

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -2.24%
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

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	0.10	1.40	0.17	2.93	1.06	2.79	1.80	1.38	2.56	2.88	2.65	5.95	3.93
	0.34	0.53	0.41	1.13	0.66	1.18	0.74	0.74	1.37	1.42	1.68	3.60	2.55
Operating Profit	-0.24	0.87	-0.24	1.80	0.40	1.61	1.06	0.64	1.19	1.46	0.97	2.35	1.38
OPM %	-240.00%	62.14%	-141.18%	61.43%	37.74%	57.71%	58.89%	46.38%	46.48%	50.69%	36.60%	39.50%	35.11%
	0.02	0.01	0.00	0.01	0.01	0.01	0.05	0.04	0.11	0.09	0.10	0.05	0.15
Interest	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.01	0.03	0.03	0.03	0.01	0.00
Depreciation	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02
Profit before tax	-0.26	0.85	-0.27	1.79	0.40	1.61	1.10	0.66	1.26	1.51	1.02	2.37	1.51
Tax %	-26.92%	22.35%	-25.93%	25.70%	25.00%	26.09%	33.64%	27.27%	27.78%	21.85%	24.51%	25.32%	25.17%
	-0.19	0.65	-0.21	1.33	0.30	1.18	0.73	0.48	0.91	1.18	0.76	1.78	1.14
EPS in Rs	-0.63	2.17	-0.70	4.43	1.00	3.93	2.43	1.60	3.03	3.93	2.53	5.93	3.80
Raw PDF

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	TTM
	2.09	1.75	5.46	3.22	6.32	1.54	4.42	1.59	2.01	2.34	8.57	9.47	15.41
	1.43	1.44	2.83	1.70	3.39	2.21	2.63	1.79	1.97	1.72	3.72	5.21	9.25
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	6.16
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%	39.97%
	-0.06	0.00	0.83	0.03	0.07	-0.29	0.05	0.03	0.03	0.04	0.09	0.34	0.39
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	0.07
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	0.07
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	6.41
Tax %	0.00%	0.00%	3.26%	34.72%	34.83%	-1.82%	18.93%	-35.29%	-16.67%	22.00%	27.87%	25.17%
	0.55	0.24	3.26	0.94	1.90	-1.08	1.37	-0.23	-0.09	0.40	3.53	3.33	4.86
EPS in Rs	1.83	0.80	10.87	3.13	6.33	-3.60	4.57	-0.77	-0.30	1.33	11.77	11.10	16.19
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:	81%

Compounded Profit Growth
10 Years:	30%
5 Years:	19%
3 Years:	239%
TTM:	47%

Stock Price CAGR
10 Years:	36%
5 Years:	81%
3 Years:	124%
1 Year:	24%

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	Sep 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	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	9.64
	3.61	2.97	2.34	1.83	1.22	1.40	0.55	0.72	1.35	1.15	0.19	2.44	2.44
	0.94	1.19	0.37	0.88	2.37	0.73	0.48	0.21	0.15	0.39	1.02	0.84	1.26
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	16.34
	0.40	0.37	0.34	0.32	0.31	0.49	0.42	0.55	0.47	0.39	0.38	0.36	0.33
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	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	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	16.01
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	16.34

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	1.76	-3.08
	0.00	0.00	0.69	0.01	0.03	-0.22	-0.09	0.15	-0.72	-0.14	0.05	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%	48.56%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	54.16%	54.16%	54.16%	54.16%	51.92%
	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%	11.25%
	35.39%	35.39%	35.39%	35.39%	35.39%	35.39%	35.38%	34.59%	34.59%	34.59%	34.59%	36.82%
No. of Shareholders	3,971	3,997	4,007	4,374	4,391	4,415	4,700	4,585	4,867	5,080	5,373	6,121

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	54.03%	52.95%	53.36%	53.36%	53.36%	53.36%	53.36%	54.16%	51.92%
	0.00%	0.00%	0.00%	0.00%	11.25%	11.25%	11.25%	11.25%	11.25%
	45.97%	47.05%	46.64%	46.64%	35.39%	35.39%	35.39%	34.59%	36.82%
No. of Shareholders	4,009	4,021	3,943	3,910	3,917	3,997	4,415	5,080	6,121

* 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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Southern Magnesium & Chemicals Ltd

Southern Magnesium & Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports