BSE: 543464 | NSE: | Professional Services | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Maruti Interior Products Ltd is a average quality company.
The key valuation ratios of Maruti Interior Products 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 Maruti Interior Products 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.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.3% | 39.9% | 21% | 23.1% | 21.6% | 15% | - |
| Value Creation Index ⓘ | 0.4 | 1.9 | 0.5 | 0.7 | 0.5 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 11.7 | 18.1 | 15.2 | 28 | 38.9 | 37.7 | 38 |
| Sales YoY Gr. | - | 54.7% | -16.2% | 84.1% | 39% | -3% | - |
| Adj EPS ⓘ | 0.9 | 2.1 | 1.4 | 2 | 2.9 | 2.3 | 2.3 |
| YoY Gr. | - | 133% | -30.7% | 39.4% | 44.4% | -21.3% | - |
| BVPS (₹) ⓘ | 5.7 | 7.7 | 9.3 | 15.6 | 18.4 | 20.5 | 20.5 |
| Adj Net Profit ⓘ | 1 | 2.3 | 1.6 | 3 | 4.3 | 3.4 | 3 |
| Cash Flow from Ops. ⓘ | 1.1 | 2.6 | 1.7 | -1.6 | 2.5 | 3.7 | - |
| Debt/CF from Ops. ⓘ | 0.2 | 0.6 | 1.1 | -1 | 1.1 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 26.4% | 35.4% | -3% | ||||
| Adj EPS ⓘ | NA | 20.7% | 16.6% | -21.3% | ||||
| BVPSⓘ | NA | 29.3% | 30.1% | 11% | ||||
| Share Price | - | - | - | 28.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.6 | 30.6 | 16.7 | 17.6 | 16.8 | 11.6 | 11.1 |
| Op. Profit Mgn % ⓘ | 13.1 | 21.3 | 20.2 | 17 | 16.1 | 15.1 | NAN |
| Net Profit Mgn % ⓘ | 8.4 | 12.6 | 10.4 | 10.7 | 11.1 | 9 | 9.1 |
| Debt to Equity ⓘ | 0 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 140 | 203 | 163 | 169 | 187 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 63 | 107 | 93 | 99 | 119 | 0 |
Sales growth is growing at healthy rate in last 3 years 35.40%
Net Profit is growing at healthy rate in last 3 years 16.58%
Return on Equity has declined versus last 3 years average to 11.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | 2.2 |
| TTM Sales (₹ Cr.) | 37.7 | 37.8 |
| BVPS (₹.) ⓘ | 20.5 | 20.3 |
| Reserves (₹ Cr.) ⓘ | 16 | 15 |
| P/BV ⓘ | 5.08 | 5.14 |
| PE ⓘ | 45.81 | 46.47 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 71.11 / 140.00 |
| All Time Low / High (₹) | 26.75 / 147.00 |
| Market Cap (₹ Cr.) | 157 |
| Equity (₹ Cr.) | 15.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 12 | 18 | 15 | 28 | 39 | 38 |
| Operating Expenses ⓘ | 10 | 14 | 12 | 23 | 33 | 32 |
| Manufacturing Costs | 0 | 0 | 2 | 4 | 4 | 4 |
| Material Costs | 7 | 10 | 7 | 15 | 23 | 23 |
| Employee Cost | 2 | 2 | 2 | 2 | 2 | 3 |
| Other Costs ⓘ | 2 | 2 | 1 | 2 | 3 | 3 |
| Operating Profit ⓘ | 2 | 4 | 3 | 5 | 6 | 6 |
| Operating Profit Margin (%) | 13.1% | 21.3% | 20.2% | 17.0% | 16.1% | 15.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 1 | 1 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 3 | 2 | 4 | 6 | 5 |
| Tax ⓘ | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit After Tax | 1 | 2 | 2 | 3 | 4 | 3 |
| PAT Margin (%) | 8.4% | 12.6% | 10.4% | 10.7% | 11.1% | 9.1% |
| Adjusted EPS (₹) | 0.9 | 2.1 | 1.4 | 2.0 | 2.9 | 2.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 1% | 0% | 9% | 22% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6 | 9 | 10 | 24 | 28 | 31 | ||||
| Share Capital ⓘ | 0 | 0 | 0 | 8 | 8 | 15 | ||||
| Reserves ⓘ | 6 | 8 | 10 | 16 | 20 | 16 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 1 | 2 | 1 | 2 | 5 | ||||
| Long Term Debt | 0 | 1 | 1 | 1 | 1 | 1 | ||||
| Short Term Debt | 0 | 0 | 0 | 0 | 1 | 4 | ||||
| Trade Payables | 1 | 2 | 2 | 3 | 4 | 2 | ||||
| Others Liabilities ⓘ | 0 | 1 | 1 | 3 | 3 | 3 | ||||
| Total Liabilities ⓘ | 8 | 13 | 15 | 30 | 37 | 42 | ||||
Fixed Assets | ||||||||||
| Gross Block | 6 | 10 | 12 | 13 | 13 | 27 | ||||
| Accumulated Depreciation | 4 | 5 | 6 | 6 | 6 | 7 | ||||
| Net Fixed Assetsⓘ | 2 | 5 | 6 | 7 | 7 | 20 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 3 | 6 | 2 | ||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Inventories | 4 | 4 | 5 | 9 | 9 | 9 | ||||
| Trade Receivables | 1 | 2 | 2 | 4 | 7 | 7 | ||||
| Cash Equivalents | 1 | 0 | 0 | 4 | 4 | 1 | ||||
| Others Assetsⓘ | 1 | 2 | 2 | 4 | 3 | 4 | ||||
| Total Assets ⓘ | 8 | 13 | 15 | 30 | 37 | 42 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 3 | 2 | -2 | 3 | 4 |
| PBT ⓘ | 1 | 3 | 2 | 4 | 6 | 5 |
| Adjustment ⓘ | 0 | 1 | 1 | 1 | 1 | 1 |
| Changes in Working Capital ⓘ | -0 | -0 | -1 | -5 | -2 | -1 |
| Tax Paid ⓘ | 0 | -1 | -1 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | -4 | -2 | -4 | -4 | -10 |
| Capex | 0 | -4 | -2 | -4 | -4 | -10 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | 1 | 0 | 10 | 1 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 16 | 0 | 8 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 1 | -6 | 1 | -4 |
| Net Cash Flow ⓘ | 0 | -1 | 0 | 4 | 0 | -3 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.6 | 30.77 | 16.79 | 17.65 | 16.84 | 11.68 | ||||
| ROCE (%) | 19.31 | 39.91 | 20.97 | 23.12 | 21.61 | 14.95 | ||||
| Asset Turnover Ratio | 1.46 | 1.69 | 1.06 | 1.23 | 1.16 | 0.96 | ||||
| PAT to CFO Conversion(x) | 1 | 1.5 | 1 | -0.67 | 0.75 | 1.33 | Working Capital Days | |||
| Receivable Days | 35 | 36 | 59 | 43 | 54 | 67 | ||||
| Inventory Days | 114 | 77 | 105 | 87 | 83 | 88 | ||||
| Payable Days | 64 | 65 | 105 | 64 | 56 | 50 | ||||
Maruti Interior Products is into manufacturing and Domestic sale & Export of modular kitchen storage system, Aluminium long wardrobe handle & profile handle. It has wide range of product offerings for different customer segments. Its Brand Everyday Kitchen is focused towards economic range and its other brand Spitze by Everyday is offering premium products. It also manufactures products for other companies on OEM basis.
The company has an in house team of designers who look after, product development and quality control. All products manufactured by MIPL are designed inhouse and tested to maintain the product quality standards. MIPL has established marketing and distribution network across India. Further it has its online presence selling direct to customers via online ecommerce platforms like Amazon and flipkart. Looking at online market growth in India, it has a firm business plan to expand its online sales. With ecommerce it eye to reach out direct to customers, As Do it yourself (DIY) concept is growing India, it has developed DIY product range. This DIY products come with easy installation guide and video helping end users in assembling the product.
Everyday Kitchen Storage Accessories is economical product range of modular kitchen accessories and storage system. Coming to Premium Product Range, it is known as Spitze by Everyday. Both product ranges included Vertical Storages, Corner Storages, Drawer Pull Outs, Inserts, Slim Tandem Drawers, Mid Way Accessories, Drawer Organisers, Portable Storage Products, Wardrobe Storage Accessories, Wardrobe Handles, Main Door Handles, Cabinet Handles, Profile Handles, Rollar Shutter, Food WasteDisposer etc. All products manufactured by company are designed and developed in house.
Business area of the company
Maruti Interior Products is manufacturer of high quality and durable range of modular Vertical Storage, Corner Storage, Drawer Pull Outs, Aluminium Profiles for Kitchens & wardrobe, Midway Storage etc.
Products
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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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