Megatherm Induction Ltd

Megatherm Induction Ltd

₹ 280 3.11%
22 Nov - close price
About

Incorporated in 2010, Megatherm Induction
Ltd manufactures and sells Capital Equipments[1]

Key Points

Business Overview:[1][2][3]
a) MIL is in the field of induction heating and melting solutions using electrical induction, viz. induction melting furnaces and induction heating equipment.
b) It is a supplier of upstream and downstream equipment and machinery, induction heating & hardening equipment, transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems, among others
c) Company offers turnkey solutions for steel plants, which include planning, engineering, delivery, assembly, and commissioning of steel plants with its
own or outsourced systems and machines, and customer service with maintenance contracts and spare parts business
d) It carries on repairs and servicing for production, modification, reconstruction
etc. for Engineering goods, equipments, plant & machineries
d) It has completed about 3,000 installations

  • Market Cap 528 Cr.
  • Current Price 280
  • High / Low 490 / 195
  • Stock P/E 23.5
  • Book Value 68.8
  • Dividend Yield 0.00 %
  • ROCE 27.0 %
  • ROE 24.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -26.2%

* 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

Mar 2023 Sep 2023 Mar 2024 Sep 2024
135 147 159 148
122 133 137 133
Operating Profit 13 14 22 15
OPM % 10% 9% 14% 10%
0 0 1 2
Interest 4 2 4 2
Depreciation 1 2 2 2
Profit before tax 8 10 18 13
Tax % 24% 25% 25% 26%
6 8 13 9
EPS in Rs 5.48 6.97 4.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
132 109 188 266 306 307
116 96 179 238 270 270
Operating Profit 16 13 9 28 36 37
OPM % 12% 12% 5% 10% 12% 12%
1 0 0 1 1 2
Interest 6 7 5 6 6 6
Depreciation 2 2 2 2 3 4
Profit before tax 8 4 2 20 28 30
Tax % 31% 27% 28% 29% 25%
6 3 1 14 21 22
EPS in Rs 11.00 11.91
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 89%
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 19 19
Reserves 23 26 27 41 102 111
42 43 40 43 36 34
50 68 96 99 114 114
Total Liabilities 124 146 173 192 270 277
44 43 40 58 64 64
CWIP 0 0 2 1 0 1
Investments 0 0 0 0 7 3
80 103 131 133 199 209
Total Assets 124 146 173 192 270 277

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 14 17 26 23
-3 -5 -3 -20 -37
-0 -6 -7 -3 36
Net Cash Flow 1 4 7 3 22

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 82 49 32 38
Inventory Days 180 256 166 129 133
Days Payable 108 139 91 77 69
Cash Conversion Cycle 97 200 124 84 102
Working Capital Days 89 94 38 12 21
ROCE % 15% 9% 30% 27%

Shareholding Pattern

Numbers in percentages

Mar 2024Sep 2024
72.71% 72.79%
1.80% 0.28%
1.13% 0.00%
24.37% 26.93%
No. of Shareholders 1,7813,772

* 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.

Click on the line-items to see the names of individual entities.

Documents