MRC Agrotech Ltd

MRC Agrotech Ltd

₹ 18.0 3.27%
22 Nov - close price
About

Incorporated in 2015, MRC Agrotech Ltd provides a technology-oriented trading platform in commodity trading[1]

Key Points

A) Agri Commodity Trading:[1]
a) Cereals and Pulses:
Chana, Barley, Bajra, Wheat, Moong, Maize Feed Industrial Grade, Paddy (Basmati) - Pusa 1121
b) Oil and Oil Seeds:
Castor seed, Refined Castor Oil, Cotton Seed Oilcake, Soybean, Refined Soy Oil, Mustard Seed, Crude Palm Oil, Natural Whitish, Sesame Seeds, Hipro Soybean Meal
c) Fibers:
Kapas, 29 MM Cotton
d) Spices:
Turmeric, Jeera
e) Guar Complex
Guar Seed 10 MT, Guar Gum Refined Splits

B) Warehousing:[2]
Company has about ~30000 MT of Storage capacity with 4 warehouses in Madhya Pradesh

  • Market Cap 36.8 Cr.
  • Current Price 18.0
  • High / Low 20.5 / 10.2
  • Stock P/E
  • Book Value 14.6
  • Dividend Yield 0.00 %
  • ROCE 0.07 %
  • ROE -0.15 %
  • Face Value 10.0

Pros

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

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.30%
  • Promoter holding is low: 23.1%
  • Company has a low return on equity of 1.74% over last 3 years.
  • Company has high debtors of 305 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
12.28 0.05 4.28 2.84 3.71 5.55 2.56 2.58 3.70
12.45 0.34 4.13 2.90 3.37 5.97 2.94 2.66 3.69
Operating Profit -0.17 -0.29 0.15 -0.06 0.34 -0.42 -0.38 -0.08 0.01
OPM % -1.38% -580.00% 3.50% -2.11% 9.16% -7.57% -14.84% -3.10% 0.27%
0.64 0.36 0.18 0.45 0.20 0.43 0.61 0.15 0.14
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
Depreciation 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.46 0.07 0.33 0.39 0.54 0.01 0.22 0.07 0.15
Tax % 23.91% 0.00% 39.39% 0.00% 0.00% 0.00% 27.27% 0.00% 40.00%
0.34 0.07 0.20 0.39 0.54 0.01 0.16 0.07 0.09
EPS in Rs 0.33 0.07 0.19 0.37 0.52 0.01 0.15 0.03 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 6m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3.93 15.21 23.39 12.33 16.92 5.78 12.28 6.58 14.66 14.39
4.07 15.57 23.84 12.80 17.27 6.17 12.45 6.65 15.18 15.26
Operating Profit -0.14 -0.36 -0.45 -0.47 -0.35 -0.39 -0.17 -0.07 -0.52 -0.87
OPM % -3.56% -2.37% -1.92% -3.81% -2.07% -6.75% -1.38% -1.06% -3.55% -6.05%
0.17 0.58 0.57 0.69 0.58 0.58 0.64 0.54 1.70 1.33
Interest 0.00 0.03 0.05 0.06 0.03 0.02 0.00 0.00 0.02 0.01
Depreciation 0.01 0.02 0.02 0.01 0.09 0.03 0.01 0.00 0.00 0.00
Profit before tax 0.02 0.17 0.05 0.15 0.11 0.14 0.46 0.47 1.16 0.45
Tax % 50.00% 29.41% 200.00% 0.00% 36.36% 28.57% 23.91% 27.66% 22.41%
0.01 0.12 -0.04 0.14 0.07 0.10 0.34 0.34 0.89 0.33
EPS in Rs 0.05 0.40 -0.04 0.13 0.07 0.10 0.33 0.33 0.85 0.23
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 36%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -170%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 27%
1 Year: 53%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.09 2.97 10.42 10.42 10.42 10.42 10.42 10.42 10.42 20.49
Reserves 3.07 4.51 1.51 1.66 1.73 1.63 1.97 2.34 3.25 9.45
0.48 0.78 1.69 2.37 0.43 0.13 0.75 0.31 1.60 0.21
3.63 5.61 1.68 0.75 1.72 6.99 2.05 4.96 7.18 8.00
Total Liabilities 9.27 13.87 15.30 15.20 14.30 19.17 15.19 18.03 22.45 38.15
0.02 0.02 0.02 0.14 0.05 0.02 0.01 0.00 0.00 4.52
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.30 1.45 3.51 1.13 1.13 0.13 0.13 0.13 0.14 8.90
8.95 12.40 11.77 13.93 13.12 19.02 15.05 17.90 22.31 24.73
Total Assets 9.27 13.87 15.30 15.20 14.30 19.17 15.19 18.03 22.45 38.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.38 -3.89 -3.66 1.64 -1.31 -1.13 -0.02 0.41
-1.13 -0.74 3.63 -1.35 1.08 0.51 0.54 0.49
2.82 4.59 0.00 0.00 0.00 0.75 -0.43 -0.30
Net Cash Flow 0.31 -0.04 -0.03 0.29 -0.23 0.13 0.08 0.61

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 365.00 120.95 67.57 165.48 101.17 653.59 166.75 402.17 305.49
Inventory Days 0.00 0.00 1.28 0.00 0.00 0.00 0.00 0.00 33.44
Days Payable 17.93 169.46
Cash Conversion Cycle 365.00 120.95 50.92 165.48 101.17 653.59 166.75 402.17 169.47
Working Capital Days 492.24 162.70 157.30 389.87 239.88 755.89 381.05 703.37 354.79
ROCE % 2.88% 2.65% 1.50% 1.04% 1.29% 3.63% 3.59% 0.07%

Shareholding Pattern

Numbers in percentages

15 Recently
Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.34% 28.06% 28.14% 27.60% 27.58% 22.82% 21.28% 21.28% 21.28% 21.28% 24.40% 23.09%
67.66% 71.94% 71.86% 72.40% 72.42% 77.18% 78.72% 78.72% 78.72% 78.71% 75.61% 76.90%
No. of Shareholders 2392632203474828994,0746,7906,6336,7916,6366,520

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