McNally Bharat Engineering Company Ltd

₹ 4.67 -2.51%

03 Jul 4:01 p.m.

mcnallybharat.com BSE: 532629 NSE: MBECL

About

Incorporated in 1961, McNally Bharat
Engineering Company Ltd is engaged
in diversified construction activities,
primarily execution of Turnkey Projects^[1]

Key Points

Business Overview:^[1]
Company is a part of Williamson Magor
Group. It provides turnkey solutions in
the areas of Power, Steel, Aluminium,
Material Handling, Mineral Beneficiation, Pyroprocessing, and Pneumatic Handling of
powdered materials including fly ash handling
and high concentrate disposal, coal washing,
Port cranes, Cement, Oil and gas, civic and industrial water supply, etc. It has many subsidiaries and associates, both in India
and abroad.

Website BSE NSE - BE

Market Cap ₹ 99.6 Cr.
Current Price ₹ 4.67
High / Low ₹ 7.23 / 2.90
Stock P/E
Book Value ₹ -199
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -35.6% over past five years.
Promoter holding is low: 32.8%
Contingent liabilities of Rs.1,319 Cr.
Company has high debtors of 1,616 days.
Company's cost of borrowing seems high

* 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 - Turnkey Services

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	120	62	63	74	54	52	44	68	64	41	46	40	40
	103	75	63	78	125	86	150	166	143	48	59	54	101
Operating Profit	17	-13	0	-4	-71	-34	-105	-98	-79	-7	-12	-14	-61
OPM %	14%	-21%	1%	-6%	-131%	-66%	-238%	-144%	-123%	-17%	-27%	-35%	-150%
	1	9	12	20	22	11	11	-59	-179	11	11	10	15
Interest	3	9	12	13	13	1,020	143	600	173	241	190	198	205
Depreciation	1	1	1	2	1	1	1	1	1	1	1	1	1
Profit before tax	14	-14	-0	1	-64	-1,044	-239	-757	-431	-237	-192	-203	-252
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	14	-14	-0	1	-64	-1,044	-239	-757	-431	-237	-192	-203	-252
EPS in Rs	0.65	-0.68	-0.01	0.05	-3.00	-49.36	-11.29	-35.79	-20.37	-11.20	-9.07	-9.58	-11.90
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
	2,183	2,144	2,170	2,477	1,906	1,433	1,518	568	333	253	228	168
	1,997	2,019	2,074	2,489	2,314	1,600	1,811	879	342	328	534	261
Operating Profit	187	125	96	-12	-408	-168	-293	-312	-10	-75	-305	-94
OPM %	9%	6%	4%	-0%	-21%	-12%	-19%	-55%	-3%	-30%	-134%	-56%
	7	12	73	45	332	159	246	51	26	63	-216	47
Interest	124	185	254	355	448	536	408	111	60	59	1,946	834
Depreciation	14	19	29	23	25	15	11	10	7	6	4	3
Profit before tax	57	-67	-114	-344	-550	-559	-466	-381	-50	-77	-2,471	-883
Tax %	32%	-8%	0%	0%	89%	24%	0%	0%	0%	0%	0%	0%
	39	-72	-114	-344	-58	-425	-466	-381	-50	-77	-2,471	-883
EPS in Rs	12.42	-23.31	-28.14	-67.38	-10.87	-26.92	-27.07	-18.00	-2.37	-3.65	-116.80	-41.75
Dividend Payout %	8%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-23%
5 Years:	-36%
3 Years:	-20%
TTM:	-27%

Compounded Profit Growth
10 Years:	%
5 Years:	-15%
3 Years:	%
TTM:	60%

Stock Price CAGR
10 Years:	-26%
5 Years:	10%
3 Years:	-22%
1 Year:	5%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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
Equity Capital	31	31	41	51	54	158	172	212	212	212	212	212
Reserves	361	287	257	-455	49	-78	319	-76	-138	-228	-3,537	-4,420
Preference Capital	8	10	10	0	0	96	39	0	0	0	0
	677	1,095	1,529	2,248	2,780	3,240	1,994	2,166	2,202	2,235	3,160	3,108
	1,587	1,815	1,883	2,147	2,242	1,616	942	603	368	333	2,260	3,097
Total Liabilities	2,657	3,228	3,709	3,991	5,125	4,936	3,427	2,905	2,643	2,552	2,095	1,997
	130	133	108	91	66	52	42	52	45	22	18	15
CWIP	9	7	8	5	5	5	5	5	5	5	5	5
Investments	193	198	198	181	485	485	180	180	181	181	1	1
	2,324	2,890	3,395	3,714	4,569	4,394	3,201	2,668	2,413	2,344	2,071	1,976
Total Assets	2,657	3,228	3,709	3,991	5,125	4,936	3,427	2,905	2,643	2,552	2,095	1,997

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
	-122	-212	-366	-402	-425	-492	347	-199	39	-14	-3	-13
	-47	-33	-5	-39	-11	107	388	49	1	39	1	-1
	171	258	389	475	427	448	-791	131	-29	-28	7	1
Net Cash Flow	2	14	18	34	-10	63	-56	-19	11	-3	5	-12

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	243	244	238	204	316	436	403	891	1,154	1,380	1,203	1,616
Inventory Days	106	36	42	38	48	185	198	24	43			2
Days Payable	1,142	387	347	340	2,689	1,750	1,270	1,052	3,294			1,079
Cash Conversion Cycle	-793	-107	-67	-98	-2,324	-1,129	-668	-137	-2,098	1,380	1,203	538
Working Capital Days	129	172	235	189	303	515	392	961	1,608	2,048	-1,259	-3,607
ROCE %	20%	9%	9%	0%	-4%	-1%	-5%	-11%	0%	-1%	-26%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	34.21%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%	32.79%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	1.17%	1.14%
	65.75%	67.17%	67.17%	67.17%	67.17%	67.17%	67.16%	67.17%	67.17%	67.17%	66.02%	66.06%
No. of Shareholders	14,997	16,021	18,178	23,824	24,773	24,492	24,204	24,019	23,271	23,076	22,440	22,703

	Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	70.45%	72.11%	44.80%	41.34%	37.89%	34.21%	32.79%	32.79%	32.79%
	0.00%	0.08%	0.03%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%
	0.73%	0.45%	1.58%	0.06%	0.05%	0.04%	0.04%	0.04%	1.14%
	28.80%	27.36%	53.59%	58.58%	62.04%	65.75%	67.17%	67.17%	66.06%
No. of Shareholders	15,643	16,238	14,860	14,968	14,771	14,772	23,824	24,019	22,703

* 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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McNally Bharat Engineering Company Ltd

McNally Bharat Engineering Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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