Mitsu Chem Plast Ltd

Mitsu Chem Plast Ltd

₹ 114 1.43%
22 Nov - close price
About

Incorporated in 1990, Mitsu Chem Ltd manufactures blow molding, injection molding and customized molding products[1]

Key Points

Business Overview:[1][2]
MCL is in the business of manufacturing
plastic blow-molded and injection-molded products, and customized moulding solutions. Company has 500+ SKU’s and caters to 30+ Fortune (India) 500 customers in India

  • Market Cap 154 Cr.
  • Current Price 114
  • High / Low 213 / 109
  • Stock P/E 18.7
  • Book Value 67.9
  • Dividend Yield 0.18 %
  • ROCE 13.9 %
  • ROE 12.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Promoter holding has decreased over last 3 years: -5.26%

* 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: Plastic products Industry: Plastics Products

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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
57.27 66.38 74.61 84.56 69.58 71.64 83.20 79.72 75.78 73.47 82.27 80.13 81.22
52.78 61.12 66.34 75.15 65.23 66.39 75.62 74.69 70.36 65.77 74.75 75.31 76.48
Operating Profit 4.49 5.26 8.27 9.41 4.35 5.25 7.58 5.03 5.42 7.70 7.52 4.82 4.74
OPM % 7.84% 7.92% 11.08% 11.13% 6.25% 7.33% 9.11% 6.31% 7.15% 10.48% 9.14% 6.02% 5.84%
0.61 0.12 0.09 0.13 0.25 0.01 -0.03 0.27 0.23 0.26 0.27 0.26 0.24
Interest 1.32 1.37 1.56 1.63 1.46 1.73 2.02 2.04 2.12 2.23 2.40 1.91 1.69
Depreciation 1.19 1.23 1.22 1.23 1.26 1.39 1.39 1.42 1.46 1.53 1.61 1.66 1.72
Profit before tax 2.59 2.78 5.58 6.68 1.88 2.14 4.14 1.84 2.07 4.20 3.78 1.51 1.57
Tax % 5.02% 26.26% 40.68% 22.75% 18.09% 15.42% 20.29% 26.63% 27.05% 24.29% 25.40% 27.15% 27.39%
2.46 2.05 3.30 5.16 1.54 1.81 3.30 1.35 1.50 3.18 2.83 1.09 1.14
EPS in Rs 1.81 1.51 2.43 3.79 1.13 1.33 2.43 0.99 1.10 2.34 2.08 0.80 0.84
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
60 70 88 89 94 112 125 139 178 258 309 311 317
53 64 81 81 86 103 114 123 155 232 282 286 292
Operating Profit 7 7 7 8 9 10 11 16 23 26 27 26 25
OPM % 11% 9% 8% 9% 9% 9% 9% 11% 13% 10% 9% 8% 8%
0 1 0 0 0 0 0 0 1 1 0 1 1
Interest 4 4 5 4 4 4 4 6 6 6 7 9 8
Depreciation 1 1 2 2 2 2 2 4 4 5 5 6 7
Profit before tax 2 2 1 3 3 4 4 6 14 16 15 12 11
Tax % 30% 34% 37% 27% 25% 20% 17% 32% 30% 30% 20% 25%
2 2 1 2 2 3 4 4 10 12 12 9 8
EPS in Rs 26.83 27.17 12.67 31.83 2.03 2.63 2.66 2.93 7.12 8.46 8.68 6.51 6.06
Dividend Payout % 14% 20% 32% 37% 0% 6% 6% 6% 2% 2% 2% 3%
Compounded Sales Growth
10 Years: 16%
5 Years: 20%
3 Years: 20%
TTM: 2%
Compounded Profit Growth
10 Years: 23%
5 Years: 19%
3 Years: -3%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -21%
1 Year: -40%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 19%
Last Year: 13%

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 1 1 1 1 4 4 4 12 12 12 12 13 14
Reserves 6 7 7 9 9 18 23 18 28 39 50 67 79
27 31 39 37 34 34 54 64 64 67 77 80 60
5 6 7 9 9 13 18 14 21 26 38 35 31
Total Liabilities 39 46 56 56 56 69 99 108 125 144 177 194 184
17 20 21 22 24 26 57 59 60 62 72 87 89
CWIP 0 0 0 0 0 4 0 0 1 0 10 1 1
Investments 0 0 0 0 0 0 0 1 1 0 0 0 0
22 26 34 34 32 40 42 47 63 81 95 106 93
Total Assets 39 46 56 56 56 69 99 108 125 144 177 194 184

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
4 6 5 14 4 6 18 4 13 7 22 9
-3 -4 -3 -4 -4 -7 -30 -8 -7 -3 -27 -12
-1 -1 -2 -5 -6 2 11 3 -5 -2 3 3
Net Cash Flow 0 0 1 5 -5 1 -1 -0 1 1 -2 -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 82 83 82 73 71 70 68 75 60 59 56 61
Inventory Days 49 47 57 42 54 56 52 63 86 71 61 80
Days Payable 13 18 19 28 24 20 47 28 40 34 45 42
Cash Conversion Cycle 119 112 120 88 101 106 74 111 106 95 72 100
Working Capital Days 102 99 99 69 77 81 58 72 85 80 68 85
ROCE % 19% 16% 13% 14% 15% 16% 12% 14% 20% 20% 17% 14%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
73.03% 73.03% 73.03% 73.03% 73.03% 73.03% 73.03% 73.03% 67.75% 67.75% 67.75% 67.77%
1.81% 1.81% 1.07% 1.07% 1.00% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.17% 25.17% 25.90% 25.90% 25.97% 26.59% 26.98% 26.97% 32.25% 32.25% 32.25% 32.23%
No. of Shareholders 2,5613,5427,8318,7239,24510,66411,59111,38613,43913,07812,79412,562

* 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.

Documents

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