Midas Infra Trade Ltd

Midas Infra Tra. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Midas Infra Trade Ltd

₹ 1.15 -3.36%
13 Jun 2022
associatedfinleaseltd.com
About

Business Overview
Midas Infra Trade Ltd is engaged in the business of manufacturing, sale, and trading of jewelry in India. Rajnish Chopra is the Managing Director of the co. [1][2]

Key Points

Product Portfolio: Gold, diamond, Polki, and other jewelry. [1]

Revenue in FY20
Jewellery Business: 100% [2][3]

Change in KMP
Mr. Deepak Kumar has resigned from the post of Chief Financial Officer (CFO), he has been replaced by Mr. Murari Lal. [4][5]

Outlook
The co. is focusing on growing in the wedding and high-value diamond segment, and expanding in the jewelry segment [6]

Highlights.
Midas Infra Trade Limited has executed Master Franchisee Agreement for a period of 21 years with Sunar Gold Refineries Private Limited for its brand by acquiring the business of HDC Private Limited, a famous Jewellery Brand in Delhi and NCR, and opening and operating a chain of showrooms under the brand name [7][8]

Website
  • Market Cap ₹ 14.3 Cr.
  • Current Price ₹ 1.15
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ 1.22
  • Dividend Yield 0.00 %
  • ROCE -4.21 %
  • ROE -9.13 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 0.94 times its book value
  • Debtor days have improved from 32.8 to 18.4 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.63% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
24.18 37.46 76.52 49.13 21.78 33.29 13.30 2.87 22.23 46.33 0.16 11.52 0.00
23.76 37.99 74.00 48.15 21.20 33.10 13.90 2.79 22.50 47.39 1.20 11.73 0.05
Operating Profit 0.42 -0.53 2.52 0.98 0.58 0.19 -0.60 0.08 -0.27 -1.06 -1.04 -0.21 -0.05
OPM % 1.74% -1.41% 3.29% 1.99% 2.66% 0.57% -4.51% 2.79% -1.21% -2.29% -650.00% -1.82%
0.00 0.00 0.04 0.00 0.00 0.00 0.14 0.00 0.00 0.00 1.76 0.03 0.04
Interest 0.04 0.05 0.05 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.22 0.33 0.17 0.14 0.24 0.21 0.21 0.22 0.22 0.22 0.07 0.08
Profit before tax 0.37 -0.80 2.18 0.81 0.44 -0.06 -0.67 -0.13 -0.49 -1.28 0.50 -0.25 -0.09
Tax % 29.73% 0.00% 37.16% 25.93% 25.00% -33.33% -22.39% 0.00% 0.00% 0.00% 16.00% 0.00% 0.00%
0.25 -0.80 1.37 0.60 0.32 -0.05 -0.52 -0.13 -0.48 -1.28 0.42 -0.25 -0.09
EPS in Rs 0.02 -0.07 0.11 0.05 0.03 -0.00 -0.04 -0.01 -0.04 -0.10 0.03 -0.02 -0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
0.00 1.95 1.49 1.54 3.36 3.08 0.34 0.54 40.31 158.33 117.23 71.58 58.01
0.00 1.91 1.47 1.56 3.37 3.19 0.27 0.53 38.69 155.28 115.92 73.79 60.37
Operating Profit 0.00 0.04 0.02 -0.02 -0.01 -0.11 0.07 0.01 1.62 3.05 1.31 -2.21 -2.36
OPM % 2.05% 1.34% -1.30% -0.30% -3.57% 20.59% 1.85% 4.02% 1.93% 1.12% -3.09% -4.07%
0.00 0.00 0.02 0.03 0.02 0.13 0.00 -0.09 0.34 0.14 0.14 1.77 1.83
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.18 0.19 0.09 0.00
Depreciation 0.00 0.01 0.00 0.00 0.00 0.01 0.04 0.12 0.22 0.73 0.75 0.86 0.59
Profit before tax 0.00 0.03 0.04 0.01 0.01 0.01 0.02 -0.21 1.72 2.28 0.51 -1.39 -1.12
Tax % 33.33% 25.00% 0.00% 0.00% -4,600.00% -200.00% -57.14% 40.12% 37.72% 29.41% 5.76%
0.00 0.02 0.03 0.00 0.01 0.47 0.06 -0.09 1.03 1.43 0.36 -1.48 -1.20
EPS in Rs 0.00 0.00 0.01 0.00 0.00 0.04 0.00 -0.01 0.08 0.12 0.03 -0.12 -0.10
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 43%
5 Years: 192%
3 Years: 21%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -2%
Stock Price CAGR
10 Years: -18%
5 Years: -6%
3 Years: -2%
1 Year: %
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 1%
Last Year: -9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 5.03 5.03 5.03 5.03 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20 12.20
Reserves -0.37 -0.35 -0.32 -0.31 1.49 1.96 2.02 1.93 2.96 4.39 4.75 3.27 2.92
0.04 0.00 0.00 0.00 0.03 0.10 0.06 0.03 10.80 14.80 15.66 13.75 13.69
0.00 0.05 0.09 0.04 0.01 3.64 0.14 0.29 23.24 53.13 48.65 4.02 2.12
Total Liabilities 4.70 4.73 4.80 4.76 13.73 17.90 14.42 14.45 49.20 84.52 81.26 33.24 30.93
0.00 0.01 0.01 0.00 0.00 3.12 3.16 3.05 1.92 2.18 10.53 9.72 0.94
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.70 3.70 2.95 2.08 3.98 2.54 2.48 2.53 2.00 2.00 2.00 2.00 10.68
1.00 1.02 1.84 2.68 9.75 12.24 8.78 8.87 45.28 80.34 68.73 21.52 19.31
Total Assets 4.70 4.73 4.80 4.76 13.73 17.90 14.42 14.45 49.20 84.52 81.26 33.24 30.93

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.00 -0.02 -0.79 -0.91 -6.92 2.27 -0.32 -0.30 -9.87 -5.57 9.27 0.59
0.01 -0.03 0.61 0.90 -1.95 -1.68 -0.02 -0.05 1.77 -0.85 -8.96 -0.05
0.01 0.00 0.00 0.00 8.99 0.07 -0.04 -0.03 10.77 3.96 0.83 -1.94
Net Cash Flow 0.02 -0.05 -0.18 -0.01 0.12 0.66 -0.39 -0.37 2.67 -2.46 1.14 -1.40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 13.10 0.00 0.00 0.00 33.18 107.35 182.50 30.79 62.84 17.09 18.41
Inventory Days 0.00 0.00 0.00 0.00 0.00 316.82 114.56 171.42 57.84
Days Payable 227.21 125.31 146.40 4.97
Cash Conversion Cycle 13.10 0.00 0.00 0.00 33.18 107.35 182.50 120.40 52.09 42.12 71.28
Working Capital Days 138.51 387.05 590.16 1,027.65 1,106.85 8,233.97 452.87 115.36 46.38 26.03 58.59
ROCE % 0.64% 0.85% 0.21% 0.11% 0.07% 0.21% -0.77% 7.88% 8.58% 2.19% -4.21%

Shareholding Pattern

Numbers in percentages

Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021
1.82% 1.82% 1.82% 1.82% 1.82% 1.82% 1.79% 1.79% 1.81% 1.79% 1.81% 1.81%
0.48% 0.48% 0.48% 0.48% 0.48% 0.48% 7.29% 7.29% 0.48% 7.29% 0.48% 0.48%
97.70% 97.70% 97.70% 97.70% 97.70% 97.69% 90.92% 90.92% 97.71% 90.92% 97.71% 97.71%
No. of Shareholders 2,0892,0942,0942,0992,0892,1122,1102,1102,1752,1102,3262,852

* 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

Annual reports