Mangalore Chemicals & Fertilizers Ltd

Mangalore Chemicals & Fertilizers Ltd

₹ 155 0.85%
23 Dec 4:01 p.m.
About

Mangalore Chemicals and Fertilizers Limited (MCF) is primarily engaged in the manufacture, purchase, and sale of fertilizers. It is a subsidiary of Zuari Fertilisers and Chemicals Limited, an Adventz Group. [1][2]

Key Points

Product Portfolio
Fertilizers: Mangala Urea, Mangala DAP, Mangala SSP, and others for crops. [1]
Plant Nutrition Products: Soil Conditioners, Organic Products, Micronutrients, Specialty Agri Products, Water Soluble Fertilizers, Crop Specific Soil Products, etc [2]
Plant Protection Chemicals: Insecticides, Fungicides, Herbicides, Mangala Brand PP Chemicals from preventing destruction and damage of crops. [3]
Other Products: Ammonium Bi Carbonate, Sulphonated N F, Sulphuric Acid [4]

  • Market Cap 1,835 Cr.
  • Current Price 155
  • High / Low 171 / 94.4
  • Stock P/E 17.0
  • Book Value 83.7
  • Dividend Yield 0.97 %
  • ROCE 16.9 %
  • ROE 18.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 35.3% CAGR over last 5 years

Cons

  • Promoters have pledged 48.9% of their holding.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
728 762 719 1,021 283 1,173 1,164 958 1,410 641 786 814 776
663 696 695 958 306 1,033 1,036 842 1,269 559 750 708 701
Operating Profit 65 66 24 63 -22 141 128 116 141 82 36 106 76
OPM % 9% 9% 3% 6% -8% 12% 11% 12% 10% 13% 5% 13% 10%
6 5 8 6 6 7 11 7 10 11 13 6 5
Interest 13 11 16 19 21 33 31 30 28 23 23 25 20
Depreciation 13 13 12 13 13 17 17 17 17 18 19 19 19
Profit before tax 46 47 4 37 -49 97 92 76 106 51 7 68 41
Tax % 36% 34% 16% 38% -35% 21% 26% 35% 36% 35% 33% 35% 36%
29 31 3 23 -32 76 68 49 68 33 5 44 26
EPS in Rs 2.45 2.62 0.29 1.92 -2.72 6.43 5.73 4.16 5.71 2.78 0.41 3.71 2.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
2,780 3,310 2,577 2,969 2,479 2,689 3,074 2,711 2,144 2,896 3,642 3,795 3,017
2,605 3,090 2,413 2,857 2,306 2,531 2,882 2,504 1,936 2,680 3,327 3,414 2,718
Operating Profit 175 221 163 112 174 158 191 207 208 216 315 382 300
OPM % 6% 7% 6% 4% 7% 6% 6% 8% 10% 7% 9% 10% 10%
10 4 10 -213 8 39 9 20 24 19 25 35 35
Interest 87 102 126 115 116 84 111 111 77 49 104 105 92
Depreciation 29 29 29 32 35 37 39 45 50 51 60 72 75
Profit before tax 69 94 18 -248 30 75 50 70 106 135 176 241 168
Tax % 4% 24% -105% -3% 36% 19% 34% 8% 36% 35% 24% 36%
67 71 38 -240 19 61 33 65 67 88 135 155 108
EPS in Rs 5.62 5.98 3.17 -20.26 1.64 5.11 2.77 5.45 5.66 7.41 11.36 13.06 9.13
Dividend Payout % 21% 20% 19% 0% 31% 20% 36% 9% 18% 16% 11% 11%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 21%
TTM: -36%
Compounded Profit Growth
10 Years: 8%
5 Years: 35%
3 Years: 32%
TTM: -59%
Stock Price CAGR
10 Years: 6%
5 Years: 41%
3 Years: 33%
1 Year: 27%
Return on Equity
10 Years: 11%
5 Years: 16%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 119 119 119 119 119 119 119 119 119 119 119 119 119
Reserves 465 517 541 286 305 359 377 427 489 565 685 821 873
1,229 1,522 1,108 1,385 1,203 1,367 1,713 1,506 884 1,363 1,377 1,039 783
473 475 670 664 610 664 710 751 506 675 479 452 445
Total Liabilities 2,286 2,633 2,438 2,453 2,237 2,508 2,918 2,803 1,997 2,721 2,659 2,430 2,220
474 497 620 643 625 611 613 608 599 573 1,077 1,082 1,051
CWIP 12 129 9 13 13 33 35 46 78 317 14 11 14
Investments 200 200 200 0 0 0 0 0 0 0 0 0 0
1,601 1,807 1,609 1,797 1,599 1,864 2,270 2,149 1,320 1,831 1,568 1,337 1,154
Total Assets 2,286 2,633 2,438 2,453 2,237 2,508 2,918 2,803 1,997 2,721 2,659 2,430 2,220

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
324 -22 613 -136 337 33 -262 629 962 -87 192 496
-225 -154 -56 -53 -13 -40 -59 -65 -121 -187 -243 -82
-197 173 -550 180 -270 60 250 -393 -702 404 -101 -464
Net Cash Flow -99 -3 8 -10 55 54 -71 171 139 130 -152 -50

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 24 19 33 60 183 161 186 195 87 84 76 58
Inventory Days 49 23 65 38 142 237 89 49 48 87 37 26
Days Payable 67 43 98 86 235 312 84 114 88 82 37 23
Cash Conversion Cycle 7 -1 0 12 90 86 190 130 47 89 76 61
Working Capital Days 151 150 128 134 135 145 175 143 62 81 78 62
ROCE % 9% 10% 7% 5% 9% 9% 8% 9% 10% 11% 14% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.34% 60.47% 60.54% 60.55% 60.63% 60.63% 60.63% 60.63% 60.63% 60.63% 60.63% 60.63%
3.49% 4.00% 2.58% 2.25% 0.13% 0.86% 0.84% 1.11% 1.61% 1.84% 1.45% 1.66%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 2.12% 2.00% 4.66% 5.63%
0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89% 0.89%
35.09% 34.45% 35.80% 36.12% 38.17% 37.43% 37.44% 37.18% 34.76% 34.64% 32.37% 31.21%
No. of Shareholders 64,37859,72760,95857,19858,11254,49253,18552,56253,25468,70169,21365,007

* 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.

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