Mukand Engineers Ltd(Merged)

Mukand Engineers Ltd(Merged)

₹ 30.8 0.00%
06 Jun 2022
About

Mukand Engineers Ltd is involved in offering engineering, procurement, construction, and allied services in the areas of capital-intensive projects across industries such as energy, oil, gas, power, metallurgical and heavy industry sectors. The target sectors of business of the co. are the power and metallurgical sectors. The co. also undertakes Engineering and Project Management jobs for Steel Plants and Electrical works at Power Plants. Rajesh V. Shah is the Chairman of the co. [1][2]

Key Points

Services Offered
A)Residual Design & Engineering:
Fired Heaters,
Furnaces, etc. [1]
B) Engineering Construction:
Technological Structures
Piping [2]
C) Shutdown & Maintenance:
Hydrocarbon Industry
Power Plants [3]
D)Turnkey Packages and Projects:
MEL undertakes turnkey packages for gas holders, water & Utility Systems, fired heaters, furnaces, reformers, installation, and commissioning.
MEL has experience in turnkey projects in the ferrous and non-ferrous industries. Such Projects involve Engineering, Procurement, etc. [4][5]

  • Market Cap 38.6 Cr.
  • Current Price 30.8
  • High / Low /
  • Stock P/E
  • Book Value -54.4
  • Dividend Yield 0.00 %
  • ROCE -20.8 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -30.9% over past five years.
  • Company has high debtors of 491 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
16.33 12.65 12.81 7.82 8.77 3.64 5.93 4.45 8.28 3.98 7.22 5.49 4.12
21.41 17.98 16.98 11.82 14.30 9.29 10.60 9.81 12.79 8.71 9.82 8.56 7.02
Operating Profit -5.08 -5.33 -4.17 -4.00 -5.53 -5.65 -4.67 -5.36 -4.51 -4.73 -2.60 -3.07 -2.90
OPM % -31.11% -42.13% -32.55% -51.15% -63.06% -155.22% -78.75% -120.45% -54.47% -118.84% -36.01% -55.92% -70.39%
0.97 0.68 0.17 0.21 1.27 0.95 0.58 0.59 0.90 0.97 0.20 0.22 0.83
Interest 2.63 2.93 3.16 3.24 3.32 3.47 3.53 3.34 3.13 2.65 2.60 2.59 2.58
Depreciation 0.23 0.23 0.22 0.21 0.18 0.18 0.17 0.17 0.16 0.15 0.15 0.13 0.13
Profit before tax -6.97 -7.81 -7.38 -7.24 -7.76 -8.35 -7.79 -8.28 -6.90 -6.56 -5.15 -5.57 -4.78
Tax % -1.15% -1.02% -0.54% 3.18% -1.55% -3.35% -1.54% -1.33% 1.88% -0.91% 0.58% 1.08% 0.00%
-6.89 -7.73 -7.34 -7.47 -7.64 -8.07 -7.67 -8.17 -7.03 -6.50 -5.18 -5.63 -4.78
EPS in Rs -5.47 -6.13 -5.83 -5.93 -6.06 -6.40 -6.09 -6.48 -5.58 -5.16 -4.11 -4.47 -3.79
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
76 65 76 85 139 111 132 76 53 42 22 21
62 57 67 80 133 111 128 80 65 60 42 34
Operating Profit 14 8 8 6 7 -1 4 -4 -12 -19 -20 -13
OPM % 18% 13% 11% 6% 5% -0% 3% -6% -23% -45% -91% -64%
3 4 2 3 2 1 4 3 1 2 3 2
Interest 6 6 4 5 6 6 8 9 10 13 13 10
Depreciation 1 1 1 1 1 1 2 1 1 1 1 1
Profit before tax 10 5 5 3 1 -7 -3 -11 -23 -30 -31 -22
Tax % 31% 38% 32% 33% -30% -4% -15% -2% -2% -0% -1% 0%
7 3 4 2 2 -7 -3 -11 -22 -30 -31 -22
EPS in Rs 5.17 2.61 2.87 1.44 1.41 -5.30 -2.06 -8.61 -17.57 -23.95 -24.56 -17.53
Dividend Payout % 29% 38% 35% 69% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -11%
5 Years: -31%
3 Years: -27%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: 29%
Stock Price CAGR
10 Years: -2%
5 Years: 14%
3 Years: 7%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 41 43 45 46 46 40 41 27 4 -27 -59 -81
37 42 46 46 40 46 60 64 84 102 111 115
45 35 35 55 59 66 71 76 75 64 68 73
Total Liabilities 136 132 139 159 158 164 185 179 176 151 134 119
8 9 11 10 7 8 7 6 5 4 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2 2 2 3 3 3 12 8 4 0 0 0
126 122 127 146 147 153 166 165 167 146 130 116
Total Assets 136 132 139 159 158 164 185 179 176 151 134 119

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-4 -2 1 0 7 -2 -7 -2 -16 -5 -5 -5
1 5 -0 6 8 2 2 7 5 -2 1 4
1 -3 -1 -6 -13 -1 6 -5 11 8 4 2
Net Cash Flow -3 -1 -0 -1 1 -1 0 -0 0 0 -0 1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 218 255 201 262 142 171 151 282 325 283 522 491
Inventory Days 1,490 1,490 1,172 1,091
Days Payable 1,803 1,370 1,201 1,195
Cash Conversion Cycle 218 255 201 262 142 171 -162 282 325 402 493 387
Working Capital Days 222 274 284 284 158 194 168 269 350 369 475 200
ROCE % 18% 12% 9% 7% 7% -1% 5% -2% -12% -18% -23% -21%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74% 52.74%
0.01% 0.01% 0.04% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
47.25% 47.25% 47.22% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25%
No. of Shareholders 19,50719,49318,89318,74118,67018,56617,62917,52817,11016,91015,59415,440

* 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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