BSE: 542677 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mahesh Developers Ltd is a below average quality company.
The key valuation ratios of Mahesh Developers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahesh Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.9% | 4.8% | 8.9% | 2.3% | 2.7% | -0.6% | 2.5% | 3% | - |
| Value Creation Index ⓘ | -0.6 | -0.7 | -0.4 | -0.8 | -0.8 | -1.0 | -0.8 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||
| Sales ⓘ | 0 | 24.7 | 17.1 | 0.3 | 1 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | NA | -30.9% | -98.2% | 209.7% | -100% | NA | NA | - |
| Adj EPS ⓘ | 1.8 | -0.2 | 1 | 0 | 0.3 | -0.3 | 0.2 | 0.2 | -1.2 |
| YoY Gr. | - | -108.2% | NA | -96.8% | 766.7% | -226.9% | NA | 0% | - |
| BVPS (₹) ⓘ | 31.3 | 10.7 | 13.7 | 12.7 | 12.9 | 16 | 13.7 | 9.4 | 9.5 |
| Adj Net Profit ⓘ | 0 | 0 | 0.3 | 0 | 0.1 | -0.1 | 0.1 | 0.1 | -1 |
| Cash Flow from Ops. ⓘ | 0 | 6.3 | 12 | 1.2 | -0.3 | 0.4 | 1.3 | 8.3 | - |
| Debt/CF from Ops. ⓘ | 0 | 5.3 | 1.6 | 14.8 | -52.9 | 48.1 | 12.3 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | -100% | -100% | NA | ||||
| Adj EPS ⓘ | NA | -30% | -14.9% | 0% | ||||
| BVPSⓘ | NA | -7.2% | -10.1% | -31.2% | ||||
| Share Price | - | -7% | 10.6% | 84.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.8 | -2.5 | 7.8 | 0.2 | 2.1 | -2.3 | 1.1 | 1.4 | -12.8 |
| Op. Profit Mgn % ⓘ | 0 | 5.6 | 8.9 | 98 | 57.8 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | 0 | -0.2 | 1.7 | 3.7 | 11.5 | 0 | 0 | 0 | -INF |
| Debt to Equity ⓘ | 112.2 | 10.3 | 4.6 | 3.2 | 3.1 | 2.6 | 2.8 | 1.9 | - |
| Working Cap Days ⓘ | 0 | 554 | 548 | 20,393 | 6,181 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 465 | 394 | 13,743 | 4,960 | 0 | 0 | 0 | 0 |
Debt to equity has declined versus last 3 years average to 1.88
Return on Equity is Poor
Sales growth has been subdued in last 3 years -100.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.2 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | 9.5 | - |
| Reserves (₹ Cr.) ⓘ | - | - |
| P/BV ⓘ | 1.29 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 6.66 / 12.30 |
| All Time Low / High (₹) | 3.94 / 30.65 |
| Market Cap (₹ Cr.) | 5.1 |
| Equity (₹ Cr.) | 4.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 61.5 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 135 | 26.8 | 91.2 | 58.1 | 161 | 84.4 | 148 | 62.5 |
| Adj EPS (₹) ⓘ | 0.5 | 14.6 | 0.3 | 250 | 0.5 | 85.7 | 0.6 | 66.7 |
| Op. Profit Mgn % ⓘ | 21.23 | 4 bps | 24.54 | 244 bps | 20.42 | -65 bps | 25.60 | -67 bps |
| Net Profit Mgn % ⓘ | 9.69 | 171 bps | 9.44 | 631 bps | 9.88 | 228 bps | 12.43 | 136 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Dilip Buildcon | 457.1 | -17.2 (-3.6%) | Small Cap | 12,012 | 32.5 | -0.3 | 14.6 | 1.5 |
| NBCC (India) | 82.7 | -1.7 (-2%) | Small Cap | 8,051 | 1.6 | 7.1 | 51.6 | 9.3 |
| Ahluwalia Contract(I | 830.4 | -11.4 (-1.4%) | Small Cap | 3,855 | 47.5 | 6.2 | 17.7 | 3.3 |
| Sobha | 1,192.5 | -44.6 (-3.6%) | Small Cap | 3,092 | 6.4 | 1.5 | 194.1 | 3.9 |
| PSP Projects | 634.4 | -1 (-0.2%) | Small Cap | 2,462 | 16.8 | 5 | 37.7 | 2.1 |
| Welspun Enterprises | 490.1 | -16.7 (-3.3%) | Small Cap | 2,450 | 20.8 | 11.6 | 24.4 | 2.7 |
| Brigade Enterprises | 949.7 | -37.3 (-3.8%) | Small Cap | 2,024 | 16.7 | 15.7 | 59.2 | 4.1 |
| Capacite Infraproj. | 361.4 | -8 (-2.2%) | Small Cap | 1,868 | 21.5 | 6.2 | 17.2 | 1.9 |
| Kolte-Patil Develop. | 330.4 | -6 (-1.8%) | Small Cap | 1,371 | 1.9 | -5 | 180.5 | 3.4 |
| RPP Infra Projects | 156.9 | -2.3 (-1.4%) | Small Cap | 1,332 | 15.1 | 4.9 | 10.5 | 1.6 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 24.70 | 17.08 | 0.31 | 0.96 | 0 | 0 | 0 |
| Operating Expenses ⓘ | -2.51 | 23.31 | 15.57 | 0.01 | 0.40 | 0.14 | -0.56 | -0.49 |
| Manufacturing Costs | 0.02 | 0.06 | 2 | 2.28 | 1.11 | 2.11 | 4.30 | 5.87 |
| Material Costs | -2.67 | 23 | 13.33 | -2.48 | -0.96 | -2.11 | -5.04 | -6.51 |
| Employee Cost | 0 | 0 | 0.03 | 0 | 0 | 0.01 | 0.04 | 0.02 |
| Other Costs ⓘ | 0.14 | 0.25 | 0.21 | 0.21 | 0.25 | 0.13 | 0.14 | 0.13 |
| Operating Profit ⓘ | 2.51 | 1.39 | 1.52 | 0.30 | 0.55 | -0.14 | 0.56 | 0.49 |
| Operating Profit Margin (%) | - | 5.6% | 8.9% | 98.0% | 57.8% | - | - | - |
| Other Income ⓘ | 0.04 | 0.50 | 1.14 | 0.23 | 0.05 | 0.01 | 0.01 | 0 |
| Interest ⓘ | 2.48 | 1.92 | 1.35 | 0.51 | 0.44 | 0 | 0.48 | 0.40 |
| Depreciation ⓘ | 0.03 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.04 | -0.04 | 1.28 | 0.02 | 0.16 | -0.14 | 0.09 | 0.09 |
| Tax ⓘ | 0.01 | 0 | 0.40 | 0.01 | 0.05 | 0 | 0.02 | 0.02 |
| Profit After Tax | 0.02 | -0.04 | 0.88 | 0.01 | 0.11 | -0.14 | 0.07 | 0.07 |
| PAT Margin (%) | - | -0.2% | 5.2% | 3.7% | 11.8% | - | - | - |
| Adjusted EPS (₹) | 1.8 | -0.2 | 3.0 | 0.0 | 0.3 | -0.3 | 0.2 | 0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.38 | 3.21 | 4.10 | 5.26 | 5.37 | 6.66 | 5.68 | 3.91 | ||
| Share Capital ⓘ | 0.12 | 3 | 3 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | ||
| Reserves ⓘ | 0.26 | 0.21 | 1.10 | 1.11 | 1.22 | 2.51 | 1.53 | -0.25 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Debt | 42.15 | 33.10 | 18.80 | 17.01 | 16.80 | 17.18 | 15.67 | 7.34 | ||
| Long Term Debt | 20.48 | 12.05 | 0 | 0 | 0 | 17.18 | 15.67 | 7.34 | ||
| Short Term Debt | 21.67 | 21.06 | 18.80 | 17.01 | 16.80 | 0 | 0 | 0 | ||
| Trade Payables | 0 | 0 | 0 | 0 | 1.13 | 1.85 | 9.93 | 25.90 | ||
| Others Liabilities ⓘ | 6.48 | 3.14 | 1.83 | 1.64 | 0.60 | 2.30 | 1.50 | 2.05 | ||
| Total Liabilities ⓘ | 49.01 | 39.45 | 24.73 | 23.91 | 23.90 | 27.99 | 32.79 | 39.20 | ||
Fixed Assets | ||||||||||
| Gross Block | 2.40 | 2.40 | 0.27 | 4.14 | 4.03 | 2.98 | 3.09 | 3.21 | ||
| Accumulated Depreciation | 0.19 | 0.21 | 0.23 | 0.24 | 0 | 0 | 0 | 0.01 | ||
| Net Fixed Assetsⓘ | 2.21 | 2.19 | 0.04 | 3.90 | 4.03 | 2.98 | 3.08 | 3.20 | ||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Investmentsⓘ | 4.29 | 4.54 | 5.94 | 3.89 | 3.16 | 3.57 | 3.21 | 2.86 | ||
| Inventories | 36.44 | 23.03 | 10.01 | 12.52 | 13.49 | 15.59 | 20.63 | 27.19 | ||
| Trade Receivables | 0 | 3.50 | 0.39 | 0.51 | 0.47 | 0 | 0 | 0 | ||
| Cash Equivalents | 0.06 | 0.17 | -0.02 | 0.14 | 0.21 | 0.54 | 0.55 | 0.73 | ||
| Others Assetsⓘ | 6 | 6.02 | 8.38 | 2.95 | 2.55 | 5.31 | 5.32 | 5.22 | ||
| Total Assets ⓘ | 49.01 | 39.45 | 24.73 | 23.91 | 23.90 | 27.99 | 32.79 | 39.20 | ||
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 6.28 | 11.98 | 1.15 | -0.32 | 0.36 | 1.28 | 8.28 |
| PBT ⓘ | 0 | -0.04 | 1.28 | 0.02 | 0.16 | -0.14 | 0.09 | 0.09 |
| Adjustment ⓘ | 0 | 0.02 | 0.02 | -0.30 | 0 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | 0 | 6.31 | 11.08 | 1.44 | -0.44 | 0.49 | 1.17 | 8.21 |
| Tax Paid ⓘ | 0 | 0 | -0.40 | 0 | -0.04 | 0 | 0.02 | -0.02 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 2.13 | 0.03 | 0.60 | -0.41 | 0.23 | 0.23 |
| Capex | 0 | 0 | 2.13 | -2.02 | -0.13 | 0 | -0.11 | -0.12 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 2.05 | 0.72 | -0.41 | 0.34 | 0.35 |
| Cash Flow From Financing Activityⓘ | 0 | -6.17 | -14.30 | -1.01 | -0.22 | 0.39 | -1.51 | -8.33 |
| Net Proceeds from Shares ⓘ | 0 | 2.88 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -8.43 | -12.05 | -1.01 | -0.22 | 0.39 | -1.51 | -8.33 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -0.62 | -2.26 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0.11 | -0.19 | 0.17 | 0.06 | 0.34 | 0 | 0.18 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.82 | -2.47 | 24.21 | 0.24 | 2.12 | -2.25 | 1.1 | 1.36 | ||
| ROCE (%) | 5.92 | 4.76 | 8.91 | 2.32 | 2.73 | -0.58 | 2.53 | 3 | ||
| Asset Turnover Ratio | 0 | 0.56 | 0.53 | 0.01 | 0.04 | 0 | 0 | 0 | ||
| PAT to CFO Conversion(x) | 0 | N/A | 13.61 | 115 | -2.91 | N/A | 18.29 | 118.29 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 52 | 42 | 525 | 186 | 0 | 0 | 0 | ||
| Inventory Days | 0 | 439 | 353 | 0 | 4,948 | 0 | 0 | 0 | ||
| Payable Days | 0 | 0 | 0 | 0 | -215 | -259 | -427 | -1,004 | ||
The Mahesh Group has been formed and promoted by Shri Ratilal Patel (Sapariya). He is ably and jointly supported by his three sons Mr. Suresh, Mr. Ashok and Mr. Mahesh. Mahesh Group is in construction industry from 1970. It originally started with the name of M/s. Mahesh Construction Co.
It undertook first project as a contractor for a residential project. Since then it has built over 125 buildings as contractor in the prime areas of Khar, Bandra, BKC, Santacruz, Parle, Juhu Scheme, Andheri and Goregoan with reputed Builders and Developers.
Business area of the company
The company is engaged in the business of Civil Construction and Real Estate Development.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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