Magna Electro Castings Ltd

Magna Electrocas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Magna Electro Castings Ltd

₹ 1,094 -3.05%
22 Jan 10:04 a.m.
magnacast.com BSE: 517449
About

Incorporated in 1990, Magna Electro Castings Ltd manufactures and sells Cast Iron Components[1]

Key Points

Business Overview:[1]
MECL is in the business of manufacturing and Supplying Ferrous Components in small and medium volumes to users worldwide. It specializes in manufacturing Ductile Iron and Gray Iron casting in the range of 300 grams to a maximum of 2000 Kg. Magna also produces fully machined components, utilizing its in-house CNC machine shop and other facilities. It supplies safety requirement components in the casting and fully machined forms

Website BSE
  • Market Cap ₹ 463 Cr.
  • Current Price ₹ 1,094
  • High / Low ₹ 1,299 / 388
  • Stock P/E 22.0
  • Book Value ₹ 283
  • Dividend Yield 0.45 %
  • ROCE 20.3 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
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Pros

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

Cons

  • The company has delivered a poor sales growth of 3.17% over past five years.

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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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
37.42 40.61 34.82 43.07 46.12 38.63 36.82 35.39 36.81 35.15 36.35 42.16 45.64
32.39 35.94 33.56 36.51 37.66 32.54 32.26 29.62 31.12 29.49 30.09 32.53 35.91
Operating Profit 5.03 4.67 1.26 6.56 8.46 6.09 4.56 5.77 5.69 5.66 6.26 9.63 9.73
OPM % 13.44% 11.50% 3.62% 15.23% 18.34% 15.76% 12.38% 16.30% 15.46% 16.10% 17.22% 22.84% 21.32%
0.71 0.20 1.13 0.18 1.99 0.33 0.80 0.33 0.44 0.33 0.49 0.53 0.50
Interest 0.08 0.10 0.12 0.22 0.00 0.06 0.06 0.07 0.01 0.07 0.06 0.01 0.01
Depreciation 1.17 1.26 1.05 1.41 1.41 1.26 1.43 1.04 1.09 1.08 1.15 1.12 1.20
Profit before tax 4.49 3.51 1.22 5.11 9.04 5.10 3.87 4.99 5.03 4.84 5.54 9.03 9.02
Tax % 25.17% 31.34% 9.02% 25.44% 25.33% 25.10% 28.94% 25.45% 25.05% 27.07% 26.35% 25.58% 25.61%
3.36 2.42 1.10 3.81 6.75 3.81 2.75 3.72 3.77 3.53 4.09 6.72 6.72
EPS in Rs 7.94 5.72 2.60 9.00 15.95 9.00 6.50 8.79 8.91 8.34 9.66 15.88 15.88
Raw PDF
Upcoming result date: 4 February 2025

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
87 75 102 93 79 93 123 96 98 136 165 144 159
73 61 87 79 65 81 105 85 88 122 139 120 128
Operating Profit 14 14 15 14 14 12 18 11 10 14 26 23 31
OPM % 16% 19% 15% 15% 18% 13% 14% 11% 10% 10% 16% 16% 20%
1 1 0 1 1 0 3 2 1 2 3 2 2
Interest 2 3 2 1 1 0 0 0 0 0 0 0 0
Depreciation 6 7 4 5 5 5 5 4 4 5 6 4 5
Profit before tax 6 6 8 9 9 8 15 9 7 10 23 20 28
Tax % 13% 19% 35% 27% 19% 13% 24% 21% 26% 25% 26% 26%
5 5 5 7 7 7 11 7 5 8 17 15 21
EPS in Rs 11.46 10.08 11.85 14.51 15.97 14.97 24.88 14.60 12.24 18.27 40.45 35.70 49.76
Dividend Payout % 16% 16% 15% 14% 13% 13% 20% 17% 12% 14% 7% 14%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 14%
TTM: 8%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 43%
TTM: 50%
Stock Price CAGR
10 Years: 23%
5 Years: 46%
3 Years: 73%
1 Year: 132%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 15%
Last Year: 15%

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 5 5 5 5 5 5 5 5 4 4 4 4 4
Reserves 28 32 36 42 50 56 66 69 67 74 90 104 115
21 20 20 10 5 3 0 0 0 5 0 0 0
17 19 21 20 15 18 19 15 20 24 25 20 35
Total Liabilities 71 75 83 76 75 82 90 89 91 107 119 128 154
44 41 41 42 39 37 33 33 31 32 40 43 46
CWIP 2 0 0 0 0 0 0 0 2 1 1 1 6
Investments 0 0 0 0 0 0 0 0 0 0 1 1 1
26 34 42 34 36 45 57 56 58 74 76 83 101
Total Assets 71 75 83 76 75 82 90 89 91 107 119 128 154

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
17 8 10 9 7 3 7 9 9 -1 20 8
-13 -2 -4 -6 -1 -2 -1 -4 -4 -3 -12 -6
-4 -5 -5 -3 -6 -2 -5 -4 -8 4 -6 -2
Net Cash Flow -0 0 0 0 1 -1 1 1 -2 -0 1 0

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 62 96 90 75 95 112 92 91 109 105 85 92
Inventory Days 47 101 63 72 95 92 78 107 73 79 56 85
Days Payable 112 172 128 148 161 148 124 125 91 81 74 64
Cash Conversion Cycle -3 26 25 -1 29 56 45 74 91 103 66 113
Working Capital Days 33 67 71 53 90 109 95 102 91 95 65 84
ROCE % 16% 15% 18% 18% 16% 13% 23% 12% 10% 14% 24% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38% 53.38%
46.61% 46.61% 46.61% 46.62% 46.63% 46.62% 46.63% 46.62% 46.62% 46.61% 46.62% 46.62%
No. of Shareholders 3,6333,6843,7453,8823,7443,7153,8064,5454,8675,0125,0415,276

Documents

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