Madhya Bharat Agro Products Ltd

M B Agro Prod. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madhya Bharat Agro Products Ltd

₹ 231 0.42%
02 Jul - close price
Company website NSE: MBAPL
About

Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products. [1]

Key Points

Products
The Co manufactures different kinds of fertilisers such as SSP, BRP, Water Soluble Fertilizers, Phosphate Rich Organic Manure among others. It is also engaged in production of Sulphur Bentonite and some value-added chemicals like oleum etc. The Co markets its products under the brand name “Annadata”. [1][2]

Website NSE
  • Market Cap ₹ 2,023 Cr.
  • Current Price ₹ 231
  • High / Low ₹ 348 / 210
  • Stock P/E 81.4
  • Book Value ₹ 39.8
  • Dividend Yield 0.11 %
  • ROCE 12.1 %
  • ROE 7.56 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
  • Company's median sales growth is 19.1% of last 10 years

Cons

  • Debtor days have increased from 72.7 to 89.0 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: Fertilizers Industry: Fertilizers

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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
49.60 67.32 86.40 191.90 145.87 213.03 248.90 286.29 233.83 149.03 278.46 243.78 145.68
42.89 51.40 67.71 153.71 112.07 164.44 194.34 224.39 189.10 124.90 238.03 225.80 131.69
Operating Profit 6.71 15.92 18.69 38.19 33.80 48.59 54.56 61.90 44.73 24.13 40.43 17.98 13.99
OPM % 13.53% 23.65% 21.63% 19.90% 23.17% 22.81% 21.92% 21.62% 19.13% 16.19% 14.52% 7.38% 9.60%
0.06 0.01 0.01 0.30 -0.07 0.06 0.30 3.68 1.15 1.06 0.76 0.36 8.81
Interest 0.90 1.03 1.63 2.23 2.65 3.43 3.83 4.13 5.04 5.59 8.28 4.38 7.99
Depreciation 2.41 3.09 3.81 3.79 7.44 4.62 4.62 6.34 6.80 7.18 7.28 7.45 7.11
Profit before tax 3.46 11.81 13.26 32.47 23.64 40.60 46.41 55.11 34.04 12.42 25.63 6.51 7.70
Tax % 28.03% 29.89% 29.94% 29.53% 29.95% 29.41% 29.86% 29.76% 28.70% 41.79% 41.75% 79.88% 82.08%
2.49 8.29 9.29 22.89 16.55 28.67 32.55 38.71 24.27 7.24 14.93 1.30 1.38
EPS in Rs 0.28 0.95 1.06 2.61 1.89 3.27 3.72 4.42 2.77 0.83 1.70 0.15 0.16
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
45 59 62 65 82 90 107 129 185 490 981 817
34 48 56 52 60 69 78 94 143 384 772 720
Operating Profit 12 10 6 12 21 21 29 35 42 107 210 97
OPM % 26% 18% 10% 19% 26% 23% 28% 27% 23% 22% 21% 12%
0 0 6 0 4 0 0 0 0 0 5 11
Interest 5 3 3 3 5 5 4 3 4 8 16 26
Depreciation 2 2 3 4 7 8 10 10 9 18 22 29
Profit before tax 5 5 6 6 13 7 16 21 29 81 176 52
Tax % 33% 33% 32% -55% 11% 30% 27% 31% 29% 30% 29% 52%
4 4 4 9 12 5 11 15 20 57 124 25
EPS in Rs 0.83 0.51 0.56 1.05 1.34 0.58 1.30 1.69 2.31 6.51 14.18 2.83
Dividend Payout % 0% 0% 0% 0% 9% 21% 10% 7% 5% 2% 2% 18%
Compounded Sales Growth
10 Years: 30%
5 Years: 50%
3 Years: 64%
TTM: -17%
Compounded Profit Growth
10 Years: 21%
5 Years: 17%
3 Years: 7%
TTM: -80%
Stock Price CAGR
10 Years: %
5 Years: 76%
3 Years: 96%
1 Year: -26%
Return on Equity
10 Years: 19%
5 Years: 23%
3 Years: 27%
Last Year: 8%

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 Sep 2023
Equity Capital 11 18 18 22 22 22 22 22 22 22 44 44
Reserves 14 51 54 69 80 84 95 108 127 183 285 305
33 10 9 18 34 36 26 40 70 164 323 287
15 10 13 4 14 11 16 19 45 70 92 160
Total Liabilities 73 88 94 113 149 153 160 189 264 439 743 795
40 63 59 88 94 102 93 83 85 153 203 197
CWIP 0 4 6 0 9 9 9 31 75 2 0 32
Investments 1 1 1 1 0 0 0 0 0 0 0 0
31 20 27 24 46 42 58 75 104 283 540 566
Total Assets 73 88 94 113 149 153 160 189 264 439 743 795

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
-10 14 6 11 8 19 15 14 30 -72 -70 149
-3 -6 -3 -27 -17 -16 -1 -22 -56 -13 -65 -94
14 -9 -3 16 8 -3 -14 9 25 85 141 -61
Net Cash Flow 0 -0 -1 0 -0 -0 0 1 -1 -0 6 -6

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 20 6 33 40 57 48 76 79 54 55 74
Inventory Days 323 124 74 58 204 130 159 210 214 200 125
Days Payable 59 24 59 17 80 47 39 37 88 46 8
Cash Conversion Cycle 284 106 48 80 180 131 195 252 181 210 191
Working Capital Days 84 67 93 89 112 102 127 146 124 162 165
ROCE % 23% 13% 12% 9% 15% 9% 14% 16% 17% 30% 38%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.74% 74.74% 74.74% 74.54% 74.54% 74.42% 74.31% 74.28% 74.26% 74.26% 74.54% 74.52%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
25.26% 25.26% 25.26% 25.47% 25.46% 25.56% 25.68% 25.72% 25.74% 25.74% 25.46% 25.48%
No. of Shareholders 8343,9583,6964,9764,8595,3967,4578,9088,7068,83610,22710,121

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • May 2024
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  • Feb 2024
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  • Jan 2023
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  • Nov 2020
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  • Sep 2020
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  • Aug 2020
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