Is MCON Rasayan India a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MCON Rasayan India Ltd is a below average quality company .

Is MCON Rasayan India undervalued or overvalued?

The key valuation ratios of MCON Rasayan India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is MCON Rasayan India share price return in the past 10 years?

Data is not available for this company

Is MCON Rasayan India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MCON Rasayan India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

MCON Rasayan India Ltd - Stock Valuation and Financial Performance

Name: MCON Rasayan India
Brand: MCON Rasayan India

BSE: 0 | NSE: MCON | Chemicals | Small Cap

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DeciZen - make an informed investing decision on MCON Rasayan India

Based on:

Data

M-Cap below 100cr DeciZen not available

MCON Rasayan India stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

42.19

Market Cap:

94.6 Cr.

52-wk low:

52-wk high:

Is MCON Rasayan India Ltd an attractive stock to invest in?

10 Year X-Ray of MCON Rasayan India: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	0%	0%	8.4%	13.6%	14.9%	14.6%	17.4%	-
Value Creation Index ⓘ	NA	NA	NA	NA	-0.4	0.0	0.1	0.1	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	9	9	19.2	31	42	42
Sales YoY Gr.	-	NA	NA	NA	NA	0.1%	114%	61.5%	35.5%	-
Adj EPS ⓘ	0	0	0	0	0.2	0.5	1.5	1.8	3.5	3.1
YoY Gr.	-	NA	NA	NA	NA	231.3%	175.5%	23.3%	96.7%	-
BVPS (₹) ⓘ	0	0	0	0	4.9	5.3	7.1	21.2	24.8	43.2
Adj Net Profit ⓘ	0	0	0	0	0	0.2	0.5	1.1	2.2	2
Cash Flow from Ops. ⓘ	0	0	0	0	-0.6	0	-2	-5.3	3.9	-
Debt/CF from Ops. ⓘ	0	0	0	0	-5.7	-206.3	-3.8	-1.6	4.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	67.3%	35.5%
Adj EPS ⓘ	NA	NA	88.3%	96.7%
BVPSⓘ	NA	NA	67.5%	17.1%
Share Price	-	-	-	-6.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.3	12.3	23.6	14.4	15.4	9
Op. Profit Mgn % ⓘ	7.5	10.1	7.5	8.7	12.6	NAN
Net Profit Mgn % ⓘ	0.4	2	2.6	3.7	5.3	5.3
Debt to Equity ⓘ	2.9	1.9	3.1	0.6	1	-
Working Cap Days ⓘ	0	270	177	205	229	0
Cash Conv. Cycle ⓘ	0	91	83	74	108	0

Recent Performance Summary

Latest Financials - MCON Rasayan India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.1	-
TTM Sales (₹ Cr.)	42	-
BVPS (₹.) ⓘ	43.2	-
Reserves (₹ Cr.) ⓘ	24	-
P/BV ⓘ	2.98	-
PE ⓘ	42.19	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	94.6
Equity (₹ Cr.)	7.3
Face Value (₹)	10
Industry PE ⓘ	53.5

Quarterly Results

Standalone Basis

Consolidated Basis

	Jun'24	YoY Gr. Rt. %	Sep'24	YoY Gr. Rt. %	Dec'24	YoY Gr. Rt. %	Mar'25	YoY Gr. Rt. %
Operating Income	0	N/A	0	N/A	0	N/A	0	N/A
Adj EPS (₹)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Profit Mgn %	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Management X-Ray of MCON Rasayan India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of MCON Rasayan India

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of MCON Rasayan India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Peer Comparison

Company Name	CMP(₹)	Change ₹(%)	Market Cap	Net Sales (₹ Cr.)	Latest EPS (₹)	Net Profit Margin %	Latest P/E	Latest P/BV
Tata Chemicals	826.4	-37.7 (-4.4%)	Small Cap	15,421	-21.9	6.9	-	1
GNFC	487.7	-22.4 (-4.4%)	Small Cap	7,930	34.2	6.2	14.9	0.9
Aarti Inds	428.9	-13.7 (-3.1%)	Small Cap	6,372	10.1	6.6	43.7	2.9
Atul	6,411.4	178.1 (2.9%)	Small Cap	4,358	137.7	8.5	45.3	3.2
Himadri Speciality	455.9	-10.7 (-2.3%)	Small Cap	4,185	11.3	9.6	41.3	6.3
Jubilant Ingrevia	696.1	16.1 (2.4%)	Small Cap	3,987	12.8	4.2	53	4.5
Chemplast Sanmar	433.8	-4.9 (-1.1%)	Small Cap	3,923	-5.5	-3.8	-	38.7
Guj. Alkalies & Chem	623.4	-19.5 (-3%)	Small Cap	3,807	-3.7	-3.5	-	0.7
GHCL	597	-24.4 (-3.9%)	Small Cap	3,447	62.5	18	9.9	1.8
India Glycols	1,419.9	10.5 (0.7%)	Small Cap	3,291	54.2	4.9	26	2.4

Shows rows:

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Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	8.97	8.98	19.22	31.03	42.04
Operating Expenses ⓘ	8.29	8.07	17.78	28.35	36.74
Manufacturing Costs	1.89	1.75	3.97	5.88	6.68
Material Costs	4	3.90	9.81	15.92	20.61
Employee Cost	1.49	1.34	2.05	3.30	4.70
Other Costs ⓘ	0.91	1.08	1.96	3.24	4.76
Operating Profit ⓘ	0.67	0.91	1.43	2.68	5.30
Operating Profit Margin (%)	7.5%	10.1%	7.5%	8.6%	12.6%
Other Income ⓘ	0	0.02	0.01	0.01	0.42
Interest ⓘ	0.31	0.40	0.43	0.78	1.52
Depreciation ⓘ	0.31	0.28	0.32	0.38	1.07
Exceptional Items ⓘ	0	0	0	0	0
Profit Before Tax ⓘ	0.05	0.25	0.69	1.54	3.13
Tax ⓘ	0.02	0.07	0.20	0.40	0.89
Profit After Tax	0.04	0.19	0.50	1.14	2.24
PAT Margin (%)	0.4%	2.1%	2.6%	3.7%	5.3%
Adjusted EPS (₹)	0.2	0.6	1.5	1.8	3.6
Dividend Payout Ratio (%)	0%	8%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1.11	1.78	2.40	13.38	15.66
Share Capital ⓘ	1.01	1.50	1.50	6.30	6.30
Reserves ⓘ	0.10	0.28	0.90	7.07	9.35
Minority Interest	0	0	0	0	0
Debt	3.15	3.06	6.96	7.81	14.66
Long Term Debt	1.40	1.41	2.15	3.56	5.06
Short Term Debt	1.75	1.65	4.81	4.25	9.60
Trade Payables	3.05	2.55	3.91	7	11.99
Others Liabilities ⓘ	0.40	0.85	1.12	1.97	3.31
Total Liabilities ⓘ	7.70	8.24	14.39	30.15	45.62
Fixed Assets
Gross Block	1.95	2.25	2.57	8.42	12.46
Accumulated Depreciation	0.68	0.96	1.23	1.61	2.68
Net Fixed Assetsⓘ	1.27	1.29	1.34	6.81	9.78
CWIP ⓘ	0	0	1.17	0	5.43
Investmentsⓘ	0	0	0	0	0
Inventories	1.37	2.41	4.33	6.56	11.21
Trade Receivables	3.15	3.61	5.16	10.27	17.04
Cash Equivalents	0.03	0.05	0.09	0.28	0.70
Others Assetsⓘ	1.88	0.86	2.31	6.23	1.46
Total Assets ⓘ	7.70	8.24	14.39	30.15	45.62

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-0.57	-0.02	-1.97	-5.26	3.93
PBT ⓘ	0.05	0.25	0.69	1.54	3.13
Adjustment ⓘ	0.68	0.71	0.75	1.47	2.80
Changes in Working Capital ⓘ	-1.22	-0.94	-3.33	-8.06	-1.63
Tax Paid ⓘ	-0.08	-0.04	-0.08	-0.21	-0.37
Cash Flow From Investing Activity ⓘ	-0.11	-0.29	-1.49	-4.68	-9.47
Capex	-0.11	-0.30	-1.49	-4.68	-9.48
Net Investments	0	0	0	0	0
Others ⓘ	0	0	0	0	0.01
Cash Flow From Financing Activityⓘ	0.63	0.34	3.50	10.12	5.97
Net Proceeds from Shares ⓘ	0.51	0.49	0	9.84	0
Net Proceeds from Borrowing ⓘ	-0.07	0.01	0.74	1.41	1.50
Interest Paid ⓘ	-0.31	-0.40	-0.43	-0.78	-1.52
Dividend Paid ⓘ	0	0	-0.02	0	0
Others ⓘ	0.50	0.24	3.20	-0.35	5.98
Net Cash Flow ⓘ	-0.05	0.03	0.03	0.19	0.42

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.27	12.92	23.68	14.39	15.44
ROCE (%)	8.42	13.62	14.87	14.64	17.38
Asset Turnover Ratio	1.16	1.13	1.7	1.39	1.11
PAT to CFO Conversion(x)	-14.25	-0.11	-3.94	-4.61	1.75
Working Capital Days
Receivable Days	128	138	83	91	118
Inventory Days	56	77	64	64	77
Payable Days	278	262	120	125	168

MCON Rasayan India Ltd Stock News

MCON Rasayan India coming with an IPO to raise Rs 6.84 crore

02 Mar, 2023

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MCON Rasayan India Ltd FAQs

What is the share price of MCON Rasayan India?

Company share prices are keep on changing according to the market conditions. The closing price of MCON Rasayan India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of MCON Rasayan India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of MCON Rasayan India stood at ₹94.55.

What is the P/E ratio of MCON Rasayan India?

The latest P/E ratio of MCON Rasayan India as of 01-Jan-1970 05:30 is 42.19.

What is the P/B ratio of MCON Rasayan India?

The latest P/B ratio of MCON Rasayan India as of 01-Jan-1970 05:30 is 2.98.

What is the 52-week high and low of MCON Rasayan India?

The 52-week high of MCON Rasayan India is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of MCON Rasayan India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MCON Rasayan India is ₹42.04 ( Cr.) .

About MCON Rasayan India Ltd

MCON Rasayan India was originally incorporated as ‘MCON Rasayan Private Limited’ a Private Limited Company under the Companies Act, 2013 at its registered office situated at Jogeshwari, Mumbai, pursuant to a certificate of incorporation dated September 22, 2016 issued by the Registrar of Companies Maharashtra at Mumbai (RoC). Thereafter, the name the company was changed from ‘MCON Rasayan Private Limited’ to ‘MCON Rasayan India Private Limited’, pursuant to a special resolution passed by the shareholders of the company on September 23, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the RoC on October 17, 2022. Thereafter, name of the company was changed from ‘MCON Rasayan India Private Limited’ to Mcon Rasayan India Limited’ consequent to conversion of the company from private to public company, pursuant to a special resolution passed by the shareholders of the company on October 18, 2022, and a fresh certificate of incorporation consequent to conversion was issued by the RoC on December 12, 2022.

The company is in the business of manufacturing, marketing and selling of modern building materials and construction chemicals with a suite of many products which includes a range of construction materials and construction chemicals in both powder and liquid forms. Its powder products such as ready mix plaster, tile adhesives, block adhesives, wall putty, micro concrete & polymer mortar, engineering non-shrink grouts and floor hardeners are widely used in the building construction segment. Its liquid portfolio having products such as poly-urethane (PU) based liquid membrane, bonding agents, paints, anti-corrosive coatings, concrete admixtures and curing compounds. Its products are marketed and sold under the “MCON” brand.

The company has manufacturing plants, one each in Valsad and Navsari, Gujarat. Its plant at GIDC Sarigam, Valsad, Gujarat mainly manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems and waterproofing systems. Its other plant at Chikli, Navsari, Gujarat mainly manufactures readymix mortars, block adhesives and tile adhesives. Its manufacturing plants are situated at Valsad being the border of Maharashtra and Gujarat which is strategic location with respect to serving the western regional markets of the country. It has obtained certifications for manufacture and supply of construction & water proofing chemicals and paints in respect of its Unit I. It has also obtained IS 15477:2019 for Adhesive for use with ceramic, mosaic and stone tiles and IS 2645:2003 for Integral waterproofing compounds for cement, mortar and concrete. Further, it has obtained the Certificate of Compliance for its products, MCON Mortar, MCON NSA Grey Gold, MCON NSA Grey No Limit, MCON NSA White, MCON NSA White Gold, MCON NSA White No Limit and MCON LW, identified by the symbol “CE”.

Business area of the company

The company is engaged into the business of manufacturing and reselling of water proofing chemicals, construction materials and paints.

Products of the company

Building materials & construction chemicals
Chemical & mineral admixtures for concrete
Tile adhesives & grout
Waterproofing coating products
Concrete repairs & filler for walls & roof
Ready mix concrete mortar
Wall finishes paints & concrete textured wall paint
Anti corrosive coating products
Engineering grouts Industrial
Concrete essentials

Awards, accreditations or recognition

2022: Awarded with “Iconic Brand of the year 2022” by Brand India.

History and milestones

2016: Incorporation of the company.
2019: Launch of flagship product “MCON Magic Coat PU”.
2019: Achieved turnover of Rs 650 lakh.
2021: Launch of MCON NSA Grey No Limit.
2022: Conversion of the company from private limited to public limited.
2022: Achieved turnover of Rs 1900 Lakh.
2022: Obtained the certificate of conformity for Tile Adhesive identified by “CE”.
2022: Renewed the IS certificate 15477: 2019 from the Bureau of Indian Standard.
2022: Renewed the IS certificate 2645: 2003 from the Bureau of Indian Standard.