Metal Coatings (India) Ltd

Metal Coatings (India) Ltd

₹ 82.0 -1.15%
24 Jul - close price
About

Incorporated in 1994, Metal Coatings (India) Ltd is engaged in the manufacture and sale of Cold Rolled Steel Coils/Strips and H.R. Pickled & Oiled Coils/strips.

Key Points

Product Profile:[1]
a) Mcil Cold Rolled Steel Coils
b) Mcil Cold Rolled Steel Strips
c) Mcil HRPO Steel Strips
d) Mcil Hrpo Steel Coils

  • Market Cap 60.1 Cr.
  • Current Price 82.0
  • High / Low 110 / 72.0
  • Stock P/E 24.0
  • Book Value 54.1
  • Dividend Yield 0.00 %
  • ROCE 8.16 %
  • ROE 6.53 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.59% over last 3 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

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
35.98 25.90 32.60 38.82 44.94 49.83 39.45 37.82 43.30 39.23 43.06 42.13 43.98
34.61 24.63 31.76 37.43 45.31 48.69 38.96 37.38 41.65 38.59 42.38 41.47 42.73
Operating Profit 1.37 1.27 0.84 1.39 -0.37 1.14 0.49 0.44 1.65 0.64 0.68 0.66 1.25
OPM % 3.81% 4.90% 2.58% 3.58% -0.82% 2.29% 1.24% 1.16% 3.81% 1.63% 1.58% 1.57% 2.84%
0.13 0.12 0.10 0.08 0.94 0.07 0.10 0.14 0.14 0.13 0.15 0.09 0.15
Interest 0.03 0.06 0.01 0.01 0.06 0.03 0.01 0.01 0.02 0.00 0.00 0.00 0.01
Depreciation 0.13 0.13 0.12 0.11 0.11 0.12 0.09 0.11 0.14 0.13 0.13 0.13 0.14
Profit before tax 1.34 1.20 0.81 1.35 0.40 1.06 0.49 0.46 1.63 0.64 0.70 0.62 1.25
Tax % 15.67% 25.00% 27.16% 23.70% 22.50% 23.58% 34.69% 8.70% 26.38% 20.31% 22.86% 19.35% 23.20%
1.12 0.90 0.59 1.02 0.31 0.81 0.33 0.42 1.21 0.51 0.54 0.50 0.95
EPS in Rs 1.53 1.23 0.81 1.39 0.42 1.11 0.45 0.57 1.65 0.70 0.74 0.68 1.30
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
101 109 114 92 98 110 154 120 94 142 170 168
97 105 110 88 93 107 150 116 91 139 166 164
Operating Profit 4 4 4 4 4 4 4 4 3 3 4 3
OPM % 4% 4% 4% 4% 5% 4% 3% 3% 3% 2% 2% 2%
1 1 0 0 1 0 1 1 1 1 0 1
Interest 2 2 2 1 1 0 1 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 0 0 1
Profit before tax 2 3 2 2 3 3 4 4 3 4 4 3
Tax % 37% 29% 32% 35% 34% 37% 25% 26% 25% 25% 24% 22%
1 2 1 2 2 2 3 3 3 3 3 2
EPS in Rs 1.91 2.48 1.92 2.06 2.66 2.72 4.19 3.89 3.51 3.85 3.77 3.41
Dividend Payout % 0% 40% 52% 49% 38% 37% 12% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 21%
TTM: -1%
Compounded Profit Growth
10 Years: 3%
5 Years: -4%
3 Years: -1%
TTM: -9%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 27%
1 Year: -19%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 7%

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 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 13 14 14 15 17 18 19 22 24 27 30 32
14 17 13 17 11 10 8 4 10 10 0 2
3 3 5 5 5 5 6 5 5 6 6 6
Total Liabilities 37 41 40 45 40 39 40 38 46 49 43 48
7 8 8 8 7 6 5 5 5 5 6 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3 3 3 3 0 0 0 1 0 0 0 5
27 30 28 34 32 33 35 31 41 45 38 37
Total Assets 37 41 40 45 40 39 40 38 46 49 43 48

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 0 4 -1 4 1 3 8 -5 -6 11 3
-0 -2 -0 -0 3 0 0 -2 2 0 -1 -5
1 2 -3 3 -7 -2 -3 -4 6 0 -10 2
Net Cash Flow 0 0 0 2 0 -0 0 2 3 -5 0 -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 64 62 79 84 80 65 74 98 71 60 62
Inventory Days 32 33 26 47 38 31 16 11 37 33 16 16
Days Payable 0 0 0 3 2 0 2 1 1 1 1 1
Cash Conversion Cycle 94 96 88 124 120 111 79 84 135 103 76 78
Working Capital Days 87 87 76 107 105 96 71 76 123 104 69 67
ROCE % 13% 12% 11% 10% 12% 10% 13% 12% 9% 9% 9% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
65.19% 65.94% 70.04% 70.24% 70.38% 70.36% 70.36% 70.36% 70.36% 70.35% 70.43% 70.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.46%
34.81% 34.06% 29.96% 29.76% 29.61% 29.63% 29.64% 29.64% 29.64% 29.64% 29.56% 29.09%
No. of Shareholders 1,2941,3481,4701,4511,5831,7091,7041,7321,7332,1212,1262,247

* 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.

Click on the line-items to see the names of individual entities.

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