Mysore Petro Chemicals Ltd

Mysore Petro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mysore Petro Chemicals Ltd

₹ 170 -0.21%
13 Dec - close price
mysorepetro.com BSE: 506734
About

Incorporated in 1969, Mysore Petro Chemicals Ltd is engaged in trading of Phthalic Anhydride, Maleic Anhydride and other chemicals.

Key Points

Business Overview:[1]
Company used to manufacture Phthalic Anhydride (PA) at its plant at Raichur in Karnataka with a capacity of 12000 MTPA. However, due to economic unviability, the Plant was closed from July 2013 till April 2017. Company has transferred its MA business by way of “Slump Sale” to I G Petrochemicals Limited and is now involved in trading of organic & inorganic chemicals.

Website BSE
  • Market Cap ₹ 112 Cr.
  • Current Price ₹ 170
  • High / Low ₹ 262 / 145
  • Stock P/E
  • Book Value ₹ 344
  • Dividend Yield 1.47 %
  • ROCE 3.67 %
  • ROE 2.73 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.49 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.95% over past five years.
  • Company has a low return on equity of 9.49% over last 3 years.
  • Contingent liabilities of Rs.38.0 Cr.
  • Earnings include an other income of Rs.33.9 Cr.
  • Debtor days have increased from 86.7 to 127 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8.14 6.44 5.02 1.45 8.33 2.18 6.46 0.00 7.08 5.79 15.18 13.89 15.88
8.66 7.12 5.80 3.71 8.99 3.76 10.65 1.54 7.78 8.69 18.92 18.44 23.49
Operating Profit -0.52 -0.68 -0.78 -2.26 -0.66 -1.58 -4.19 -1.54 -0.70 -2.90 -3.74 -4.55 -7.61
OPM % -6.39% -10.56% -15.54% -155.86% -7.92% -72.48% -64.86% -9.89% -50.09% -24.64% -32.76% -47.92%
10.56 13.25 13.53 11.95 8.64 6.60 9.42 8.72 3.07 3.03 4.48 19.59 6.76
Interest 0.06 0.06 0.07 0.12 0.19 0.12 0.16 0.04 0.01 0.03 0.20 0.40 0.49
Depreciation 0.15 0.15 0.15 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.46 1.00 1.05
Profit before tax 9.83 12.36 12.53 9.46 7.68 4.79 4.96 7.03 2.25 -0.01 0.08 13.64 -2.39
Tax % 25.03% 21.20% 23.06% 25.05% 17.19% 18.58% 32.06% 25.60% -3.11% 200.00% 925.00% 35.78% 54.39%
7.38 9.74 9.64 7.08 6.37 3.90 3.37 5.23 2.32 -0.03 -0.67 8.75 -3.68
EPS in Rs 11.21 14.79 14.64 10.75 9.68 5.92 5.12 7.94 3.52 -0.05 -0.08 14.43 -5.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
30.30 6.23 32.58 12.98 22.84 20.90 18.41 28.05 50.74
24.60 9.79 35.95 15.53 24.98 23.65 25.55 34.90 69.54
Operating Profit 5.70 -3.56 -3.37 -2.55 -2.14 -2.75 -7.14 -6.85 -18.80
OPM % 18.81% -57.14% -10.34% -19.65% -9.37% -13.16% -38.78% -24.42% -37.05%
13.98 93.03 22.59 8.64 27.00 46.19 35.05 17.28 33.86
Interest 1.20 0.07 0.04 0.06 0.34 0.26 0.58 0.29 1.12
Depreciation 2.93 0.78 0.68 0.63 0.60 0.59 0.43 0.80 2.62
Profit before tax 15.55 88.62 18.50 5.40 23.92 42.59 26.90 9.34 11.32
Tax % 5.59% 19.15% 4.00% 10.00% 109.32% 23.24% 22.97% 26.66%
14.68 71.65 17.76 4.86 -2.24 32.69 20.72 6.85 4.37
EPS in Rs 22.30 108.83 26.98 7.38 -3.40 49.65 31.47 11.35 8.71
Dividend Payout % 4.49% 1.84% 7.42% 27.12% -58.84% 5.04% 7.95% 22.05%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 7%
TTM: 223%
Compounded Profit Growth
10 Years: %
5 Years: -19%
3 Years: 59%
TTM: -118%
Stock Price CAGR
10 Years: 12%
5 Years: 30%
3 Years: 17%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 9%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6.59 6.59 6.59 6.59 6.59 6.59 6.59 6.59
Reserves 69.65 140.67 156.89 160.12 156.67 187.98 207.09 213.66
6.17 0.32 0.00 0.00 0.00 0.00 0.00 20.31
10.47 4.66 5.97 6.11 30.88 39.59 44.64 63.60
Total Liabilities 92.88 152.24 169.45 172.82 194.14 234.16 258.32 304.16
32.50 18.83 16.30 15.67 15.07 15.77 15.34 47.51
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.30 2.02
Investments 53.95 79.42 107.18 115.48 144.94 213.33 227.90 231.64
6.43 53.99 45.97 41.67 34.13 5.06 14.78 22.99
Total Assets 92.88 152.24 169.45 172.82 194.14 234.16 258.32 304.16

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.25 -24.50 -1.56 -2.02 -4.97 -1.67 -2.93 -16.57
-3.08 25.30 6.29 2.11 5.72 2.11 11.57 23.39
-2.64 -0.84 -1.87 -1.56 -1.29 -1.32 -2.24 -7.83
Net Cash Flow -0.47 -0.05 2.86 -1.46 -0.54 -0.88 6.40 -1.01

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19.76 0.00 4.37 20.53 77.67 29.34 104.09 126.74
Inventory Days 146.83 0.00 0.00 0.00 0.00 0.00 0.00 24.93
Days Payable 149.60 24.12
Cash Conversion Cycle 16.99 0.00 4.37 20.53 77.67 29.34 104.09 127.56
Working Capital Days -45.66 642.12 138.92 410.84 290.37 -6.46 81.88 -51.40
ROCE % 20.91% 11.47% 3.12% 18.92% 23.58% 12.26% 3.67%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99% 72.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.31%
2.99% 2.99% 2.91% 1.79% 1.40% 1.14% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44%
24.02% 24.02% 24.10% 25.22% 25.62% 25.86% 26.56% 26.57% 26.57% 26.57% 26.57% 24.26%
No. of Shareholders 5,6355,6115,6245,7435,5245,4485,4455,4865,3415,3815,3905,548

* 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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