BSE: 531810 | NSE: | Steel & Iron Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Metal Coatings (India) Ltd is a below average quality company.
The key valuation ratios of Metal Coatings (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Metal Coatings (India) 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.2% | 9.5% | 11.7% | 10.4% | 13.3% | 11.8% | 9.5% | 9.2% | 9.2% | 8.2% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | -0.2 | -0.3 | -0.1 | -0.2 | -0.3 | -0.3 | -0.3 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 114 | 91.5 | 97.9 | 110 | 154 | 120 | 94.1 | 142 | 170 | 168 | 163 |
| Sales YoY Gr. | - | -19.9% | 7% | 12.8% | 39.5% | -22% | -21.7% | 51.2% | 19.8% | -1.2% | - |
| Adj EPS ⓘ | 1.9 | 2.1 | 2.7 | 2.7 | 4.2 | 3.8 | 3.3 | 3.8 | 3.8 | 3.4 | 2.7 |
| YoY Gr. | - | 7.8% | 28.5% | 3% | 53.7% | -9.3% | -13.4% | 15.4% | -1.3% | -9.6% | - |
| BVPS (₹) ⓘ | 29.6 | 30.5 | 32.8 | 33.9 | 36.5 | 39.6 | 43 | 46.4 | 50.4 | 54.1 | 55.5 |
| Adj Net Profit ⓘ | 1.4 | 1.5 | 2 | 2 | 3.1 | 2.8 | 2.4 | 2.8 | 2.8 | 2.5 | 2 |
| Cash Flow from Ops. ⓘ | 3.8 | -0.8 | 3.9 | 1.4 | 2.5 | 8.3 | -4.6 | -5.6 | 11.3 | 2.8 | - |
| Debt/CF from Ops. ⓘ | 3.5 | -22.2 | 2.7 | 6.8 | 3 | 0.5 | -2.1 | -1.7 | 0 | 0.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.4% | 1.8% | 21.4% | -1.2% | ||||
| Adj EPS ⓘ | 6.6% | -4.1% | 1% | -9.6% | ||||
| BVPSⓘ | 6.9% | 8.2% | 8% | 7.3% | ||||
| Share Price | 12.2% | 23% | 22.2% | -19.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.6 | 6.9 | 8.4 | 8.2 | 12 | 10 | 8 | 8.5 | 7.8 | 6.5 | 5 |
| Op. Profit Mgn % ⓘ | 3.9 | 4.3 | 4.6 | 3.6 | 2.8 | 3.1 | 3.4 | 2.2 | 2.2 | 1.9 | 2.9 |
| Net Profit Mgn % ⓘ | 1.2 | 1.7 | 2 | 1.8 | 2 | 2.3 | 2.6 | 2 | 1.6 | 1.5 | 1.2 |
| Debt to Equity ⓘ | 0.6 | 0.8 | 0.4 | 0.4 | 0.3 | 0.1 | 0.3 | 0.3 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 80 | 103 | 105 | 104 | 79 | 94 | 123 | 102 | 86 | 78 | 45 |
| Cash Conv. Cycle ⓘ | 76 | 97 | 98 | 100 | 76 | 90 | 117 | 92 | 78 | 75 | 37 |
Sales growth is growing at healthy rate in last 3 years 21.40%
Return on Equity has declined versus last 3 years average to 4.90%
Net Profit has been subdued in last 3 years 1.00%
Sales growth is not so good in last 4 quarters at -2.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 163 | - |
| BVPS (₹.) ⓘ | 55.5 | - |
| Reserves (₹ Cr.) ⓘ | 33 | - |
| P/BV ⓘ | 1.32 | - |
| PE ⓘ | 26.95 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 64.00 / 104.00 |
| All Time Low / High (₹) | 2.00 / 119.00 |
| Market Cap (₹ Cr.) | 53.5 |
| Equity (₹ Cr.) | 7.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.6 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 44 | 1.6 | 39.6 | 1 | 40.8 | -5.2 | 39 | -7.4 |
| Adj EPS (₹) ⓘ | 1.3 | -21.2 | 1 | 48.6 | 1.1 | 48.7 | -0.7 | -205.9 |
| Op. Profit Mgn % ⓘ | 2.84 | -98 bps | 2.47 | 85 bps | 2.45 | 85 bps | 3.91 | 235 bps |
| Net Profit Mgn % ⓘ | 2.16 | -63 bps | 1.92 | 62 bps | 1.97 | 71 bps | -1.35 | -253 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.21 | 0.00 | 0.00 | 0.00 |
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| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 114.27 | 91.53 | 97.92 | 110.47 | 154.06 | 120.17 | 94.12 | 142.26 | 170.40 | 168.41 |
| Operating Expenses ⓘ | 109.78 | 87.60 | 93.45 | 106.52 | 149.70 | 116.44 | 90.93 | 139.12 | 166.67 | 165.18 |
| Manufacturing Costs | 10.20 | 10.10 | 8.53 | 8.82 | 9.75 | 8.89 | 5.65 | 6.97 | 10.98 | 12.69 |
| Material Costs | 93.47 | 71.39 | 78.63 | 90.74 | 131.80 | 99.52 | 76.84 | 124.16 | 146.45 | 142.66 |
| Employee Cost | 4.53 | 4.72 | 4.67 | 5.35 | 5.80 | 6.22 | 6.40 | 6.44 | 7.18 | 7.39 |
| Other Costs ⓘ | 1.58 | 1.38 | 1.61 | 1.61 | 2.35 | 1.81 | 2.04 | 1.55 | 2.06 | 2.43 |
| Operating Profit ⓘ | 4.49 | 3.94 | 4.47 | 3.95 | 4.37 | 3.73 | 3.19 | 3.13 | 3.73 | 3.24 |
| Operating Profit Margin (%) | 3.9% | 4.3% | 4.6% | 3.6% | 2.8% | 3.1% | 3.4% | 2.2% | 2.2% | 1.9% |
| Other Income ⓘ | 0.34 | 0.41 | 0.62 | 0.34 | 0.86 | 0.80 | 0.82 | 1.24 | 0.45 | 0.51 |
| Interest ⓘ | 1.99 | 1.23 | 1.40 | 0.47 | 0.51 | 0.10 | 0.06 | 0.14 | 0.08 | 0.02 |
| Depreciation ⓘ | 0.77 | 0.77 | 0.73 | 0.70 | 0.64 | 0.56 | 0.52 | 0.47 | 0.45 | 0.54 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.07 | 2.35 | 2.96 | 3.13 | 4.08 | 3.87 | 3.43 | 3.76 | 3.65 | 3.20 |
| Tax ⓘ | 0.66 | 0.83 | 1 | 1.13 | 1.01 | 1.01 | 0.86 | 0.93 | 0.88 | 0.70 |
| Profit After Tax | 1.41 | 1.51 | 1.95 | 1.99 | 3.07 | 2.85 | 2.57 | 2.82 | 2.76 | 2.50 |
| PAT Margin (%) | 1.2% | 1.7% | 2.0% | 1.8% | 2.0% | 2.4% | 2.7% | 2.0% | 1.6% | 1.5% |
| Adjusted EPS (₹) | 1.9 | 2.1 | 2.7 | 2.7 | 4.2 | 3.9 | 3.5 | 3.9 | 3.8 | 3.4 |
| Dividend Payout Ratio (%) | 52% | 48% | 38% | 37% | 12% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 21.69 | 22.33 | 24.03 | 24.87 | 26.70 | 28.99 | 31.48 | 33.97 | 36.95 | 39.63 |
| Share Capital ⓘ | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 | 7.33 |
| Reserves ⓘ | 14.37 | 15 | 16.70 | 17.54 | 19.38 | 21.67 | 24.16 | 26.64 | 29.62 | 32.31 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.24 | 17.33 | 10.59 | 9.62 | 7.66 | 3.88 | 9.50 | 9.73 | 0 | 2.04 |
| Long Term Debt | 0.14 | 0.06 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 13.10 | 17.27 | 10.59 | 9.62 | 7.66 | 3.88 | 9.50 | 9.73 | 0 | 2.04 |
| Trade Payables | 0.11 | 0.55 | 0.52 | 0.04 | 0.89 | 0.21 | 0.20 | 0.29 | 0.39 | 0.37 |
| Others Liabilities ⓘ | 4.60 | 4.48 | 4.37 | 4.96 | 4.75 | 4.34 | 4.81 | 4.96 | 5.30 | 5 |
| Total Liabilities ⓘ | 39.64 | 44.69 | 39.52 | 39.49 | 40.01 | 37.42 | 45.99 | 48.95 | 42.63 | 47.05 |
Fixed Assets | ||||||||||
| Gross Block | 17.98 | 18.15 | 17.69 | 17.31 | 16.70 | 17.04 | 17 | 17.01 | 17.99 | 18.50 |
| Accumulated Depreciation | 9.82 | 10.37 | 10.56 | 10.96 | 11.32 | 11.87 | 11.96 | 12.44 | 12.42 | 12.95 |
| Net Fixed Assetsⓘ | 8.16 | 7.78 | 7.13 | 6.35 | 5.39 | 5.17 | 5.04 | 4.57 | 5.58 | 5.54 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 3 | 3 | 0 | 0 | 0 | 1.27 | 0 | 0 | 0 | 5.28 |
| Inventories | 6.70 | 9.25 | 8.20 | 7.65 | 5.95 | 3.10 | 7.89 | 11.38 | 6.61 | 6.39 |
| Trade Receivables | 19.53 | 19.85 | 22.62 | 24.23 | 27.31 | 24.22 | 25.35 | 27.59 | 27.97 | 28.56 |
| Cash Equivalents | 1.37 | 3.33 | 0.47 | 0.48 | 0.65 | 2.91 | 5.62 | 0.32 | 0.78 | 0.28 |
| Others Assetsⓘ | 0.88 | 1.47 | 1.10 | 0.78 | 0.71 | 0.74 | 2.09 | 5.08 | 1.69 | 1 |
| Total Assets ⓘ | 39.64 | 44.69 | 39.52 | 39.49 | 40.01 | 37.42 | 45.99 | 48.95 | 42.63 | 47.05 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.82 | -0.79 | 3.92 | 1.42 | 2.54 | 8.32 | -4.60 | -5.60 | 11.29 | 2.77 |
| PBT ⓘ | 2.07 | 2.35 | 2.96 | 3.13 | 4.08 | 3.87 | 3.43 | 3.76 | 3.65 | 3.20 |
| Adjustment ⓘ | 2.62 | 1.93 | 2.01 | 1.17 | 1.15 | 0.66 | -0.25 | -0.50 | 0.09 | 0.04 |
| Changes in Working Capital ⓘ | 1.61 | -2.95 | 1.27 | -1.19 | -1.06 | 4.92 | -6.67 | -7.95 | 8.62 | 0.42 |
| Tax Paid ⓘ | -0.67 | -0.98 | -1.04 | -1.23 | -1.13 | -1.03 | -1.11 | -0.91 | -1.08 | -0.88 |
| Cash Flow From Investing Activity ⓘ | -0.48 | -0.39 | 2.93 | 0.41 | 0.31 | -1.61 | 1.71 | 0.35 | -1.02 | -5.27 |
| Capex | -0.48 | -0.39 | -0.07 | 0.41 | 0.31 | -0.34 | -0.25 | -0.01 | -1.42 | -0.51 |
| Net Investments | 0 | 0 | 3 | 0 | 0 | -1.27 | 1.47 | 0.04 | 0.13 | -5.02 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.49 | 0.32 | 0.27 | 0.25 |
| Cash Flow From Financing Activityⓘ | -3.17 | 3.14 | -6.80 | -1.91 | -2.84 | -4.23 | 5.56 | 0.09 | -9.80 | 2.03 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -1.02 | -1.96 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.04 | -0.03 | 0 | 0 | 0 | 0 | -0.06 | -0.14 | -0.07 | -0.01 |
| Dividend Paid ⓘ | 0 | -0.88 | 0 | -0.88 | -0.88 | -0.37 | 0 | 0 | 0 | 0 |
| Others ⓘ | -3.13 | 4.05 | -6.80 | 0 | 0 | -3.86 | 5.62 | 0.23 | -9.73 | 2.04 |
| Net Cash Flow ⓘ | 0.18 | 1.96 | 0.04 | -0.08 | 0.02 | 2.48 | 2.67 | -5.16 | 0.47 | -0.47 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.57 | 6.88 | 8.42 | 8.15 | 11.92 | 10.25 | 8.49 | 8.63 | 7.8 | 6.52 |
| ROCE (%) | 11.15 | 9.54 | 11.71 | 10.4 | 13.34 | 11.81 | 9.46 | 9.21 | 9.24 | 8.17 |
| Asset Turnover Ratio | 3.16 | 2.43 | 2.59 | 2.87 | 3.88 | 3.1 | 2.26 | 3 | 3.72 | 3.76 |
| PAT to CFO Conversion(x) | 2.71 | -0.52 | 2.01 | 0.71 | 0.83 | 2.92 | -1.79 | -1.99 | 4.09 | 1.11 |
| Working Capital Days | ||||||||||
| Receivable Days | 55 | 70 | 71 | 75 | 61 | 78 | 96 | 68 | 60 | 61 |
| Inventory Days | 21 | 28 | 29 | 25 | 16 | 14 | 21 | 25 | 19 | 14 |
| Payable Days | 0 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
Metal Coatings (India) was incorporated on December 12, 1994 to take over the assets of a profit-making partnership firm set up in 1988 with the same name. The company has been promoted by R C Khandelwal, R S Khandelwal and V P Khandelwal.
Cold-rolled steel strips, hot-rolled pickled & oiled coils and strips, cold-rolled flat wire strips, and galvanized wires and strips are manufactured by the company, which find application in the auto components, power transmission equipment, white goods, defence equipment, electrical equipment and other industrial sectors. Manufacturing facilities are located in the Faridabad district of Haryana with installed capacities of 17,000 MTPA cold-rolled strips and 3,500 MTPA galvanized iron wires and strips.
The company now envisages enhancing its capacity to 13200 MT through an expansion-cum-backward integration scheme spread over the existing and new site at Plot No. 113, HSIDC Industrial Estate, Sector 59, Faridabad. In order to meet its requirement of CRCA strips, MCIL is installing a CR Mill of 13000 TPA, CR slitting unit of 12300 TPA and other balancing equipments. After the implementation of the project, the entire requirement of CRCA strips would be met from in-house.
The registered office of the company is located at A-178/12A, Ground Floor, Dayanand Colony, Lajpat Nagar-IV, New Delhi-110024.
Business area of the company
The company is engaged in the manufacture and sale of different types of steel coils and strips.
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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