BSE: 0 | NSE: MAKS | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Maks Energy Solutions India Ltd is a average quality company.
The key valuation ratios of Maks Energy Solutions 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 Maks Energy Solutions 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.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.7% | 18.4% | 14.5% | 7.3% | -3.3% | 8.1% | 7.6% | - |
| Value Creation Index ⓘ | 0.6 | 0.3 | 0.0 | -0.5 | -1.2 | -0.4 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 44.3 | 33.3 | 42.2 | 20.9 | 25.5 | 44.3 | 66.3 | 66 |
| Sales YoY Gr. | - | -24.7% | 26.7% | -50.5% | 22.2% | 73.6% | 49.5% | - |
| Adj EPS ⓘ | 6.4 | 3.8 | 2.4 | 1 | -0.6 | 0.4 | 0.9 | 0.4 |
| YoY Gr. | - | -41.2% | -35.4% | -60.5% | -158.3% | NA | 136.1% | - |
| BVPS (₹) ⓘ | 17.7 | 21.8 | 30.2 | 30.9 | 23.6 | 23.2 | 23.6 | 23.6 |
| Adj Net Profit ⓘ | 1.7 | 1.3 | 1.2 | 0.5 | -0.3 | 0.3 | 0.6 | 0 |
| Cash Flow from Ops. ⓘ | -1.7 | 0.1 | -3.3 | 6.1 | 4.5 | 3.3 | 0.3 | - |
| Debt/CF from Ops. ⓘ | -8.4 | 140.8 | -5.9 | 3.6 | 4.2 | 3.9 | 51.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 14.7% | 46.9% | 49.5% | ||||
| Adj EPS ⓘ | NA | -25.7% | -4% | 136.1% | ||||
| BVPSⓘ | NA | 1.6% | -8.7% | 1.8% | ||||
| Share Price | - | - | - | -61.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 36 | 21.6 | 10.6 | 3.1 | -2 | 1.8 | 3.6 | 1.7 |
| Op. Profit Mgn % ⓘ | 9.5 | 12.1 | 8.1 | 13 | 4.1 | 4.7 | 3.6 | NAN |
| Net Profit Mgn % ⓘ | 3.8 | 4 | 2.8 | 2.3 | -1.1 | 0.6 | 0.9 | 0.4 |
| Debt to Equity ⓘ | 3.1 | 2.6 | 1.3 | 1.4 | 1.6 | 0.8 | 1 | - |
| Working Cap Days ⓘ | 0 | 339 | 348 | 679 | 518 | 268 | 170 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 161 | 192 | 481 | 390 | 211 | 136 | 0 |
Return on Equity has increased versus last 3 years average to 1.70%
Sales growth is growing at healthy rate in last 3 years 46.90%
Debt to equity has declined versus last 3 years average to 0.95
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.4 | -1.5 |
| TTM Sales (₹ Cr.) | 66.3 | 25.5 |
| BVPS (₹.) ⓘ | 23.6 | 10 |
| Reserves (₹ Cr.) ⓘ | 9 | - |
| P/BV ⓘ | 1.90 | 4.49 |
| PE ⓘ | 110.37 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 31.1 |
| Equity (₹ Cr.) | 6.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 44.27 | 33.32 | 42.20 | 20.90 | 25.54 | 44.33 | 66.26 |
| Operating Expenses ⓘ | 40.08 | 29.30 | 38.81 | 18.18 | 24.48 | 42.25 | 63.85 |
| Manufacturing Costs | 0.41 | 0.25 | 0 | 0 | 0.01 | 1.10 | 1.34 |
| Material Costs | 34.88 | 25.62 | 31.99 | 16.67 | 21.68 | 38.69 | 59.44 |
| Employee Cost | 1.07 | 0.60 | 0.54 | 0.57 | 0.82 | 1.42 | 1.90 |
| Other Costs ⓘ | 3.71 | 2.83 | 6.28 | 0.94 | 1.97 | 1.04 | 1.18 |
| Operating Profit ⓘ | 4.19 | 4.03 | 3.40 | 2.72 | 1.06 | 2.08 | 2.41 |
| Operating Profit Margin (%) | 9.5% | 12.1% | 8.0% | 13.0% | 4.1% | 4.7% | 3.6% |
| Other Income ⓘ | 0.21 | 0.38 | 1.15 | 0.02 | 2.71 | 0.38 | 0.40 |
| Interest ⓘ | 1.58 | 2.24 | 2.23 | 2.11 | 2.33 | 1.89 | 1.92 |
| Depreciation ⓘ | 0.13 | 0.11 | 0.07 | 0.06 | 0.05 | 0.04 | 0.03 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -0.08 | -4.83 | 0 | -0.47 |
| Profit Before Tax ⓘ | 2.70 | 2.05 | 2.24 | 0.49 | -3.44 | 0.53 | 0.40 |
| Tax ⓘ | 1.01 | 0.62 | 0.57 | 0.14 | 0.19 | 0.17 | 0.11 |
| Profit After Tax | 1.69 | 1.43 | 1.67 | 0.35 | -3.62 | 0.36 | 0.28 |
| PAT Margin (%) | 3.8% | 4.3% | 4.0% | 1.7% | -14.2% | 0.8% | 0.4% |
| Adjusted EPS (₹) | 6.5 | 4.0 | 3.4 | 0.7 | -7.3 | 0.5 | 0.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.64 | 7.75 | 14.92 | 15.26 | 11.64 | 16.06 | 16.34 | |||
| Share Capital ⓘ | 0.04 | 3.56 | 4.94 | 4.94 | 4.94 | 6.93 | 6.93 | |||
| Reserves ⓘ | 4.59 | 4.19 | 9.98 | 10.33 | 6.70 | 9.13 | 9.41 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 14.21 | 20.09 | 19.11 | 21.14 | 17.70 | 11.65 | 14.88 | |||
| Long Term Debt | 0.05 | 0.01 | 0 | 3.44 | 1.84 | 0.58 | 0 | |||
| Short Term Debt | 14.16 | 20.08 | 19.11 | 17.71 | 15.86 | 11.08 | 14.88 | |||
| Trade Payables | 2.15 | 18.03 | 3.25 | 6.43 | 4.86 | 1.85 | 1.07 | |||
| Others Liabilities ⓘ | 1.06 | 0.97 | 7.61 | 1.31 | 1.76 | 2.04 | 1.38 | |||
| Total Liabilities ⓘ | 22.06 | 46.84 | 44.88 | 44.15 | 35.96 | 31.60 | 33.67 | |||
Fixed Assets | ||||||||||
| Gross Block | 0.93 | 0.93 | 0.93 | 0.93 | 0.94 | 0.95 | 0.95 | |||
| Accumulated Depreciation | 0.51 | 0.61 | 0.67 | 0.72 | 0.77 | 0.81 | 0.84 | |||
| Net Fixed Assetsⓘ | 0.42 | 0.31 | 0.26 | 0.21 | 0.16 | 0.14 | 0.11 | |||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Investmentsⓘ | 0.20 | 5.55 | 4.10 | 4.10 | 0 | 0 | 0 | |||
| Inventories | 11.03 | 13.92 | 14.26 | 13.74 | 11.05 | 12.89 | 12.74 | |||
| Trade Receivables | 5.58 | 22.18 | 19.37 | 20.60 | 21.22 | 13.35 | 13.64 | |||
| Cash Equivalents | 0.23 | 0.28 | 0.80 | 1.78 | 1.31 | 0.95 | 2.47 | |||
| Others Assetsⓘ | 4.60 | 4.59 | 6.08 | 3.72 | 2.23 | 4.28 | 4.71 | |||
| Total Assets ⓘ | 22.06 | 46.84 | 44.88 | 44.15 | 35.96 | 31.60 | 33.67 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1.69 | 0.14 | -3.25 | 6.13 | 4.45 | 3.26 | 0.30 |
| PBT ⓘ | 2.70 | 2.05 | 2.24 | 0.49 | -3.44 | 0.53 | 0.40 |
| Adjustment ⓘ | 1.49 | 2.32 | 2.26 | 2.10 | 6.19 | 1.52 | 1.51 |
| Changes in Working Capital ⓘ | -5.04 | -3.61 | -7.18 | 3.7 | 1.9 | 1.36 | -1.49 |
| Tax Paid ⓘ | -0.84 | -0.61 | -0.57 | -0.16 | -0.20 | -0.15 | -0.12 |
| Cash Flow From Investing Activity ⓘ | -1.84 | -5.43 | 0.04 | 0.04 | 0.07 | -0.02 | 0.09 |
| Capex | -0.12 | -0.01 | 0 | 0 | 0 | -0.01 | 0 |
| Net Investments | -1.74 | -5.44 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.02 | 0.02 | 0.04 | 0.04 | 0.07 | 0 | 0.09 |
| Cash Flow From Financing Activityⓘ | 3.71 | 5.33 | 2.28 | -5.20 | -5 | -3.60 | 1.13 |
| Net Proceeds from Shares ⓘ | 0.66 | 1.68 | 5.50 | 0 | 0 | 4 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -0.04 | 0 | 3.44 | -1.60 | -1.27 | -0.58 |
| Interest Paid ⓘ | -1.56 | -2.22 | -2.23 | -2.05 | -2.09 | -1.55 | -1.55 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.60 | 5.91 | -0.98 | -6.58 | -1.31 | -4.78 | 3.25 |
| Net Cash Flow ⓘ | 0.18 | 0.05 | -0.93 | 0.98 | -0.47 | -0.35 | 1.52 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 36.44 | 23.11 | 14.74 | 2.3 | -26.94 | 2.57 | 1.74 | |||
| ROCE (%) | 22.69 | 18.4 | 14.46 | 7.34 | -3.29 | 8.14 | 7.63 | |||
| Asset Turnover Ratio | 2.01 | 0.97 | 0.93 | 0.47 | 0.64 | 1.31 | 2.03 | |||
| PAT to CFO Conversion(x) | -1 | 0.1 | -1.95 | 17.51 | N/A | 9.06 | 1.07 | Working Capital Days | ||
| Receivable Days | 46 | 152 | 180 | 349 | 299 | 142 | 74 | |||
| Inventory Days | 91 | 137 | 122 | 245 | 177 | 99 | 71 | |||
| Payable Days | 22 | 144 | 121 | 106 | 95 | 32 | 9 | |||
The company was originally incorporated as 'Maks Energy Solutions India Private Limited' as a private limited company under the provisions of the erstwhile Companies Act, 1956 vide Certificate of Incorporation dated July 27, 2010 bearing Registration Number 136962 issued by the Registrar of Companies, Pune, Maharashtra. Subsequently, the Company was converted into a public limited company pursuant to special resolution passed by the members in Extra-ordinary General Meeting of the Company held on October 23, 2019 and the name of the Company was changed to 'Maks Energy Solutions India Limited' and a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 21, 2019 was issued by the Registrar of Companies, Pune, Maharashtra.
Maks Energy Solutions India commenced its operations in the year 2010 as a dealer of generator sets. Over the years, it has diversified the scope of its operations from dealing in generator sets to trading, assembling, selling, installing, testing and commissioning of DG Sets. It has also acted as non-exclusive Original Equipment Manufacturer (OEM) of DG Sets for some of its clients in the domestic market and for exports in international market. It source the engines used in DG Sets from its suppliers and assemble the sets with other required peripherals sourced from other suppliers, such as control panels, customized synchronized panels, base frames, fuel tanks, canopy, acoustic enclosure and room acoustic materials and sell the DG Sets. Domestically, it has sold DG Sets in Maharashtra, Delhi, Karnataka, Telangana, Punjab and Jharkhand. It also exported the generator sets to countries in the Middle East, South East Asia and some parts of Africa. Its assembling facility is located at Yeolewadi, Kondhwa - Saswad Road, Kondhwa, Pune, Maharashtra and at Amane Engineers, Tal Khed, Waki Bk, Waki BK, Pune, Maharashtra. In year 2019, it has also diversified into the business of distribution of commercial vehicle spare parts in the state of Maharashtra.
Business area of the company
The main business of the company is purchasing Diesel Engines, Alternators and other parts from their suppliers and assembling the Diesel Generating Sets and selling these Diesel Generating Sets and the spare parts of DG Sets into domestic and export markets. In addition to the above, the company has recently also entered into the business of distribution of auto spare parts in the state of Maharashtra, India.
Major events and milestones
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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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