MMTC Ltd
MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons. [1]
- Market Cap ₹ 11,902 Cr.
- Current Price ₹ 79.4
- High / Low ₹ 102 / 31.8
- Stock P/E 78.9
- Book Value ₹ 10.8
- Dividend Yield 0.00 %
- ROCE 9.18 %
- ROE 9.94 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 7.31 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -82.2% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.368 Cr.
- Company has high debtors of 26,845 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
32,885 | 28,142 | 23,931 | 12,607 | 11,825 | 16,450 | 29,439 | 26,304 | 30,000 | 11,795 | 3,527 | 5 | |
32,808 | 28,001 | 23,931 | 12,668 | 11,937 | 16,428 | 29,256 | 26,436 | 30,045 | 11,338 | 3,634 | 168 | |
Operating Profit | 78 | 141 | 0 | -62 | -112 | 23 | 183 | -132 | -45 | 457 | -107 | -163 |
OPM % | 0% | 0% | 0% | -0% | -1% | 0% | 1% | -0% | -0% | 4% | -3% | -3,044% |
77 | 31 | 168 | 5 | 136 | 49 | 36 | -8 | -859 | -126 | 2,000 | 368 | |
Interest | 253 | 87 | 40 | 31 | 23 | 18 | 68 | 144 | 203 | 225 | 122 | 1 |
Depreciation | 17 | 17 | 24 | 6 | 7 | 5 | 6 | 6 | 6 | 5 | 5 | 4 |
Profit before tax | -116 | 67 | 105 | -94 | -6 | 48 | 146 | -291 | -1,112 | 101 | 1,766 | 200 |
Tax % | 46% | 11% | 26% | -3% | -435% | 21% | 25% | -0% | 29% | 355% | 12% | 4% |
-111 | -18 | -42 | -97 | -30 | 38 | 109 | -292 | -789 | -258 | 1,562 | 192 | |
EPS in Rs | -0.74 | -0.12 | -0.28 | -0.64 | -0.20 | 0.25 | 0.72 | -1.94 | -5.26 | -1.72 | 10.42 | 1.28 |
Dividend Payout % | -9% | -83% | -59% | -31% | -101% | 80% | 41% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -58% |
5 Years: | -82% |
3 Years: | -94% |
TTM: | -100% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 5% |
3 Years: | 20% |
TTM: | -51% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 27% |
3 Years: | 13% |
1 Year: | 148% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 100 | 100 | 100 | 100 | 100 | 100 | 150 | 150 | 150 | 150 | 150 | 150 |
Reserves | 1,392 | 1,350 | 1,264 | 1,168 | 1,101 | 1,103 | 1,119 | 733 | -50 | -298 | 1,262 | 1,476 |
1,679 | 558 | 436 | 273 | 440 | 519 | 961 | 3,850 | 2,422 | 2,626 | 203 | 159 | |
3,726 | 3,050 | 4,499 | 2,117 | 4,207 | 3,450 | 2,150 | 1,677 | 2,952 | 2,306 | 2,064 | 1,902 | |
Total Liabilities | 6,897 | 5,058 | 6,300 | 3,659 | 5,848 | 5,172 | 4,380 | 6,410 | 5,474 | 4,783 | 3,678 | 3,687 |
164 | 146 | 122 | 57 | 57 | 52 | 49 | 49 | 42 | 38 | 34 | 29 | |
CWIP | 126 | 142 | 153 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 473 | 432 | 275 | 214 | 247 | 128 | 147 | 80 | 82 | 102 | 127 | 276 |
6,135 | 4,338 | 5,749 | 3,386 | 5,544 | 4,992 | 4,184 | 6,282 | 5,350 | 4,643 | 3,517 | 3,382 | |
Total Assets | 6,897 | 5,058 | 6,300 | 3,659 | 5,848 | 5,172 | 4,380 | 6,410 | 5,474 | 4,783 | 3,678 | 3,687 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
681 | 71 | -178 | -54 | 273 | -455 | -367 | -2,588 | 1,704 | -0 | 754 | -353 | |
250 | 127 | 85 | 87 | -68 | 117 | 9 | -58 | 11 | 3 | 1,959 | 198 | |
-2,158 | -1,217 | -178 | -119 | 110 | 26 | 339 | 2,689 | -1,634 | -5 | -2,547 | -43 | |
Net Cash Flow | -1,228 | -1,019 | -271 | -86 | 315 | -312 | -19 | 42 | 80 | -3 | 166 | -198 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 21 | 23 | 46 | 24 | 16 | 8 | 5 | 28 | 10 | 12 | 42 | 26,845 |
Inventory Days | 11 | 4 | 5 | 13 | 78 | 41 | 4 | 3 | 1 | 1 | 0 | 164 |
Days Payable | 29 | 21 | 53 | 29 | 23 | 25 | 15 | 10 | 13 | 18 | 37 | 153,948 |
Cash Conversion Cycle | 3 | 6 | -1 | 7 | 71 | 23 | -6 | 22 | -2 | -5 | 5 | -126,939 |
Working Capital Days | 7 | 7 | 10 | 22 | 17 | 28 | 22 | 57 | 19 | 58 | -8 | -3,065 |
ROCE % | 9% | 14% | 6% | -8% | -5% | 4% | 11% | -3% | -1% | 19% | 23% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Change in Management
19 Jun - Completion of tenure of Executive Director Shri Rajiv Ranjan Sinha.
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Announcement under Regulation 30 (LODR)-Change in Management
31 May - Department of Commerce has extended term of CMD shri Hardeep Singh vide its letter dtd 30-05-2024 wef 26-04-2024 for a period of one year or …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report for the year ended 31st March, 2024, duly signed by PCS is attached.
- Statement On Impact Of Audit Qualifications For The Financial Year Ended 31.3.2024 For Standalone And Consolidated Financial Statements. 29 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Verticals
Agro Products: The Co is an established supplier/buyer having over 3 decades of experience in the trade of wheat, rice, maize, sugar etc. [1]
Fertilizers: It is engaged in import of finished, intermediate and raw fertilizers and handles about 3 to 4 million tonnes of fertilizers. [2]
Metals & Industrial Raw Materials: Trading of non ferrous metals like copper, zinc etc and Industrial Raw Materials like Brown Fused Alumina, White Fused Alumina, Ferroalloys etc. [3]
Minerals: Trading of Iron ore Fines & Lumps, Chrome Ore, Chrome Concentrate, Manganese Ore and other items. [4]
Precious Metals: The Co is an authorized agency of the Government of India for import of gold, silver, platinum, palladium, rough diamonds, emeralds, rubies and other semi-precious stones. [5]