Misquita Engineering Ltd

Misquita Engineering Ltd

₹ 150 -5.00%
22 Oct 2024
About

Incorporated in 1998, Misquita Engineering Ltd supplies major component and job workers to manufacturing industries of front loading washing machines[1]

Key Points

Product Profile:[1]
Company manufactures front-loading washers, viz.
a) Ultra-Cast Iron Bearing Sleeve
b) Old Model Bearing Sleeves
c) Adjuster Bush
d) Adjuster Boss
e) Spacer of Aluminium Alloy
f) Washer
g) Drive Screws
h) Booms
i) ODE, DE Terminal Box, Bearing Cover and Adaptor

  • Market Cap 53.2 Cr.
  • Current Price 150
  • High / Low 177 / 33.0
  • Stock P/E 102
  • Book Value 27.2
  • Dividend Yield 0.00 %
  • ROCE -1.67 %
  • ROE -3.68 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 5.52 times its book value
  • The company has delivered a poor sales growth of 6.85% over past five years.
  • Company has a low return on equity of 2.51% over last 3 years.
  • Promoter holding has decreased over last 3 years: -14.5%

* 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: Engineering Industry: Engineering

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
3.68 2.83 2.46 4.23 4.60 3.92 6.27 3.53 5.32 4.75 5.52
3.50 2.36 2.53 3.84 4.13 3.72 5.90 3.26 5.84 4.39 5.24
Operating Profit 0.18 0.47 -0.07 0.39 0.47 0.20 0.37 0.27 -0.52 0.36 0.28
OPM % 4.89% 16.61% -2.85% 9.22% 10.22% 5.10% 5.90% 7.65% -9.77% 7.58% 5.07%
0.01 0.37 0.13 0.14 0.09 0.06 0.08 0.10 0.05 0.07 0.05
Interest 0.09 0.11 0.08 0.08 0.06 0.07 0.06 0.07 0.09 0.06 0.02
Depreciation 0.09 0.09 0.07 0.07 0.05 0.07 0.04 0.05 0.04 0.06 0.05
Profit before tax 0.01 0.64 -0.09 0.38 0.45 0.12 0.35 0.25 -0.60 0.31 0.26
Tax % 0.00% 28.12% 0.00% 21.05% 24.44% 33.33% 25.71% 24.00% 3.33% -3.23% 26.92%
0.01 0.47 -0.09 0.31 0.33 0.09 0.25 0.20 -0.62 0.33 0.19
EPS in Rs 0.04 1.74 -0.33 1.15 1.22 0.33 0.93 0.74 -2.30 0.93 0.54
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
3.07 3.39 4.26 4.67 5.40 6.34 7.20 6.51 6.69 8.51 9.80 10.03 10.27
3.01 3.29 4.01 4.61 5.30 6.12 6.52 5.85 6.36 7.84 9.16 10.20 9.63
Operating Profit 0.06 0.10 0.25 0.06 0.10 0.22 0.68 0.66 0.33 0.67 0.64 -0.17 0.64
OPM % 1.95% 2.95% 5.87% 1.28% 1.85% 3.47% 9.44% 10.14% 4.93% 7.87% 6.53% -1.69% 6.23%
0.42 0.32 0.30 0.33 0.37 0.43 0.40 0.38 0.27 0.15 0.18 0.12 0.12
Interest 0.12 0.07 0.12 0.14 0.18 0.22 0.35 0.20 0.16 0.13 0.13 0.14 0.08
Depreciation 0.09 0.08 0.07 0.09 0.07 0.16 0.25 0.18 0.14 0.12 0.09 0.10 0.11
Profit before tax 0.27 0.27 0.36 0.16 0.22 0.27 0.48 0.66 0.30 0.57 0.60 -0.29 0.57
Tax % 33.33% 33.33% 33.33% 37.50% 27.27% 7.41% 18.75% 27.27% 26.67% 26.32% 23.33% 0.00%
0.18 0.18 0.24 0.09 0.16 0.25 0.39 0.48 0.23 0.42 0.45 -0.29 0.52
EPS in Rs 360.00 360.00 480.00 180.00 0.71 1.11 1.73 1.78 0.85 1.56 1.67 -0.82 1.47
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: 11%
5 Years: 7%
3 Years: 14%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 224%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 80%
1 Year: 280%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 3%
Last Year: -4%

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 0.05 0.05 0.05 0.05 2.25 2.25 2.25 2.69 2.69 2.69 2.69 3.54 3.54
Reserves 0.78 0.96 1.20 1.29 0.93 1.18 1.61 2.53 2.75 3.10 3.62 5.91 6.10
0.77 0.76 1.41 1.54 1.01 2.41 2.97 1.45 0.94 1.29 1.64 0.56 0.65
0.57 0.70 0.93 1.01 1.10 1.56 1.17 0.81 1.65 2.23 1.27 3.58 4.71
Total Liabilities 2.17 2.47 3.59 3.89 5.29 7.40 8.00 7.48 8.03 9.31 9.22 13.59 15.00
0.52 0.44 0.39 0.30 0.31 1.03 0.78 0.59 1.75 1.69 1.69 1.73 0.41
CWIP 0.00 0.00 0.00 0.04 0.00 0.00 0.58 0.93 1.31 1.43 1.91 1.97 1.99
Investments 0.84 1.02 1.34 1.45 2.95 3.89 2.00 3.48 1.13 0.88 0.42 0.44 1.79
0.81 1.01 1.86 2.10 2.03 2.48 4.64 2.48 3.84 5.31 5.20 9.45 10.81
Total Assets 2.17 2.47 3.59 3.89 5.29 7.40 8.00 7.48 8.03 9.31 9.22 13.59 15.00

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
0.00 0.00 0.00 -2.11 0.15 0.58 0.44 -0.68 -0.03 1.15 -3.07
0.00 0.00 0.00 0.08 -0.83 -0.55 -0.29 0.91 0.24 -0.30 -0.13
0.00 0.00 0.00 2.03 0.70 -0.01 -0.16 -0.22 -0.23 -0.85 4.39
Net Cash Flow 0.00 0.00 0.00 0.00 0.01 0.01 -0.01 0.01 -0.02 0.00 1.20

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 61.82 72.14 125.95 107.08 93.95 33.97 53.74 32.52 81.84 96.08 67.79 89.16
Inventory Days 34.76 39.50 36.00 43.56 15.87 38.80 69.26 135.74 136.96 157.05 145.55 226.03
Days Payable 71.10 94.81 94.35 107.15 84.64 94.12 67.87 40.56 96.56 113.28 48.22 96.69
Cash Conversion Cycle 25.48 16.84 67.60 43.50 25.19 -21.36 55.12 127.70 122.24 139.85 165.12 218.50
Working Capital Days 22.59 31.22 79.68 85.97 62.19 51.24 165.26 85.78 116.21 132.10 146.74 211.43
ROCE % 24.30% 20.18% 21.67% 10.83% 11.32% 9.77% 13.10% 12.74% 6.13% 9.21% 9.05% -1.67%

Shareholding Pattern

Numbers in percentages

Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024
100.00% 73.42% 73.42% 73.42% 73.42% 74.02% 74.24% 74.39% 74.54% 74.54% 59.48% 59.48%
0.00% 26.58% 26.58% 26.58% 26.58% 25.98% 25.76% 25.61% 25.45% 25.47% 40.53% 40.52%
No. of Shareholders 71009396111129120166177183171138

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