BSE: 522036 | NSE: | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Miven Machine Tools Ltd is a below average quality company.
The key valuation ratios of Miven Machine Tools 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 Miven Machine Tools 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -144.5% | -226.3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 6.5 | 3.7 | 2.8 | 2.1 | 4.8 | 5.8 | 0.5 | 2.5 | 1 | 1.4 | 1 |
| Sales YoY Gr. | - | -42.5% | -24.7% | -26.8% | 136.1% | 19.4% | -91.2% | 388.2% | -59% | 41.2% | - |
| Adj EPS ⓘ | -8.2 | -8.5 | -9.7 | -9.6 | -5.1 | -1.2 | -4.4 | -5 | 6.8 | -3.8 | -0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | -155.3% | - |
| BVPS (₹) ⓘ | -31.7 | -40.2 | -46.8 | -52.5 | -50.3 | -30.8 | -35.1 | -40.1 | -15.4 | -16.3 | -17.4 |
| Adj Net Profit ⓘ | -2.5 | -2.6 | -2.9 | -2.9 | -1.5 | -0.4 | -1.3 | -1.5 | 2 | -1.1 | 0 |
| Cash Flow from Ops. ⓘ | 0.9 | -2.7 | 1.7 | -0.4 | -0.7 | -0.2 | 0 | -0.1 | 4.1 | -0.2 | - |
| Debt/CF from Ops. ⓘ | 10.6 | -4.9 | 7.6 | -31.3 | -16.9 | -33.5 | -517.9 | -113.7 | 0.5 | -10.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -15.4% | -21.5% | 41.3% | 41.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | -155.3% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | 77.4% | 165.1% | 41.4% | ||||
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 % ⓘ | 29.9 | 23.6 | 22.3 | 19.4 | 9.9 | 3 | 13.5 | 13.2 | -24.5 | 23.7 | 0.5 |
| Op. Profit Mgn % ⓘ | -16.1 | -26.4 | -52.5 | -76.2 | -18.2 | -29.5 | -156.4 | -36 | -73.1 | -108.3 | -128.4 |
| Net Profit Mgn % ⓘ | -38.2 | -68.4 | -104.1 | -140.9 | -31.7 | -6.4 | -261.4 | -59.9 | 199.6 | -78.6 | -3.3 |
| Debt to Equity ⓘ | -1 | -1.1 | -0.9 | -0.9 | -0.8 | -0.6 | -0.6 | -0.5 | -0.5 | -0.5 | - |
| Working Cap Days ⓘ | 418 | 626 | 685 | 1,021 | 451 | 260 | 1,827 | 322 | 648 | 239 | 34 |
| Cash Conv. Cycle ⓘ | 120 | 160 | 266 | 467 | 138 | 75 | 746 | 17 | -45 | -26 | -404 |
Sales growth is growing at healthy rate in last 3 years 41.34%
Sales growth is good in last 4 quarters at 24.12%
Return on Equity has declined versus last 3 years average to 0.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.1 | - |
| TTM Sales (₹ Cr.) | 0.8 | - |
| BVPS (₹.) ⓘ | -17.4 | - |
| Reserves (₹ Cr.) ⓘ | -8 | - |
| P/BV ⓘ | -5.93 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 68.57 / 126.00 |
| All Time Low / High (₹) | 3.86 / 126.00 |
| Market Cap (₹ Cr.) | 30.9 |
| Equity (₹ Cr.) | 3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.47 | 3.72 | 2.80 | 2.05 | 4.84 | 5.78 | 0.51 | 2.49 | 1.02 | 1.44 |
| Operating Expenses ⓘ | 7.51 | 4.71 | 4.27 | 3.61 | 5.72 | 7.48 | 1.31 | 3.38 | 1.77 | 2.99 |
| Manufacturing Costs | 1.09 | 0.63 | 0.28 | 0.40 | 0.60 | 0.54 | 0.32 | 0.12 | 0.07 | 0.29 |
| Material Costs | 4.38 | 2.25 | 2.73 | 1.60 | 3.43 | 5.37 | -0.02 | 1.70 | 0.86 | 1.98 |
| Employee Cost | 0.73 | 0.75 | 0.58 | 0.80 | 0.88 | 0.96 | 0.65 | 1.24 | 0.15 | 0.11 |
| Other Costs ⓘ | 1.32 | 1.08 | 0.69 | 0.80 | 0.81 | 0.60 | 0.36 | 0.33 | 0.68 | 0.62 |
| Operating Profit ⓘ | -1.04 | -0.98 | -1.47 | -1.56 | -0.88 | -1.70 | -0.80 | -0.89 | -0.75 | -1.56 |
| Operating Profit Margin (%) | -16.1% | -26.4% | -52.5% | -76.2% | -18.2% | -29.5% | -156.0% | -35.9% | -73.0% | -108.0% |
| Other Income ⓘ | 0.01 | 0.14 | 0.61 | 1.62 | 2.63 | 8.72 | 0.09 | 0.03 | 0.91 | 0.14 |
| Interest ⓘ | 1.23 | 1.53 | 1.90 | 1.84 | 1.41 | 1.20 | 0.53 | 0.55 | 0.36 | 0.06 |
| Depreciation ⓘ | 0.21 | 0.17 | 0.16 | 0.15 | 0.11 | 0.10 | 0.09 | 0.08 | 0.05 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.62 | 1.21 |
| Profit Before Tax ⓘ | -2.47 | -2.55 | -2.92 | -1.93 | 0.23 | 5.71 | -1.33 | -1.49 | 7.38 | -0.28 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2.47 | -2.55 | -2.92 | -1.93 | 0.23 | 5.71 | -1.33 | -1.49 | 7.38 | -0.28 |
| PAT Margin (%) | -38.2% | -68.4% | -104.0% | -94.1% | 4.9% | 98.8% | -261.0% | -59.8% | 720.8% | -19.4% |
| Adjusted EPS (₹) | -8.2 | -8.5 | -9.7 | -6.4 | 0.8 | 19.0 | -4.4 | -5.0 | 24.6 | -0.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 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 | -9.53 | -12.08 | -14.05 | -15.76 | -15.12 | -9.25 | -10.55 | -12.03 | -4.63 | -4.90 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | -12.53 | -15.08 | -17.05 | -18.76 | -18.12 | -12.25 | -13.55 | -15.04 | -7.63 | -7.91 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 9.23 | 13.27 | 12.68 | 13.35 | 12.55 | 5.90 | 5.96 | 6.42 | 2.24 | 2.27 |
| Long Term Debt | 5.44 | 6.71 | 6.45 | 7 | 7.49 | 5.90 | 5.96 | 6.42 | 2.24 | 2.25 |
| Short Term Debt | 3.79 | 6.56 | 6.24 | 6.35 | 5.06 | 0 | 0 | 0 | 0 | 0.02 |
| Trade Payables | 4.44 | 3.36 | 3.35 | 3.92 | 3.24 | 2.38 | 2.34 | 2.14 | 1.41 | 1.30 |
| Others Liabilities ⓘ | 4.46 | 3.29 | 4.39 | 5.62 | 5.72 | 4.93 | 5.71 | 6.02 | 3.06 | 1.45 |
| Total Liabilities ⓘ | 8.61 | 7.84 | 6.38 | 7.13 | 6.39 | 3.96 | 3.46 | 2.54 | 2.08 | 0.11 |
Fixed Assets | ||||||||||
| Gross Block | 4.40 | 4.31 | 0.98 | 1 | 0.95 | 0.65 | 0.65 | 0.63 | 0.63 | 0 |
| Accumulated Depreciation | 3.21 | 3.30 | 0.16 | 0.31 | 0.42 | 0.39 | 0.48 | 0.56 | 0.61 | 0 |
| Net Fixed Assetsⓘ | 1.18 | 1.01 | 0.83 | 0.69 | 0.53 | 0.26 | 0.17 | 0.07 | 0.02 | 0 |
| CWIP ⓘ | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 5.33 | 5.02 | 4.39 | 5.32 | 4.63 | 1.85 | 2.07 | 1.17 | 1.31 | 0 |
| Trade Receivables | 0.84 | 0.35 | 0.30 | 0.09 | 0.34 | 0.31 | 0.17 | 0.39 | 0.04 | 0.07 |
Cash Equivalents  ⓘ
| 0.19 | 0.20 | 0.37 | 0.14 | 0.17 | 1.15 | 0.73 | 0.64 | 0.25 | 0.03 |
| Others Assetsⓘ | 1.06 | 1.26 | 0.48 | 0.88 | 0.70 | 0.38 | 0.32 | 0.27 | 0.46 | 0.01 |
| Total Assets ⓘ | 8.61 | 7.84 | 6.38 | 7.13 | 6.39 | 3.96 | 3.46 | 2.54 | 2.08 | 0.11 |
| 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 ⓘ | 0.87 | -2.73 | 1.68 | -0.43 | -0.74 | -0.18 | -0.01 | -0.06 | 4.14 | -0.21 |
| PBT ⓘ | -2.47 | -2.55 | -2.92 | -1.93 | 0.23 | 5.71 | -1.33 | -1.49 | 7.38 | -0.28 |
| Adjustment ⓘ | 1.42 | 1.71 | 2.06 | 0.65 | -0.97 | -7.31 | 0.61 | 0.54 | 0.22 | -0.02 |
| Changes in Working Capital ⓘ | 1.92 | -1.89 | 2.54 | 0.85 | -0 | 1.43 | 0.71 | 0.89 | -3.46 | 0.08 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0.02 | -0.07 | 0.09 | 1.18 | 2.59 | 8.10 | 0.59 | 0.47 | -0.02 | 0.24 |
| Capex | -0.10 | 0 | 0.02 | 1.17 | 2.58 | 8.86 | 0 | 0.02 | 0 | 0.02 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0.53 | 0.42 | -0.03 | 0.20 |
| Others ⓘ | 0.11 | -0.07 | 0.07 | 0.02 | 0.01 | -0.76 | 0.06 | 0.03 | 0.01 | 0.01 |
| Cash Flow From Financing Activityⓘ | -0.83 | 2.74 | -1.54 | -0.99 | -1.82 | -7.71 | -0.48 | -0.08 | -4.54 | -0.03 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1.86 | 1.27 | 0.68 | 0.74 | 0.88 | -1.46 | 0.06 | 0.47 | -4.18 | 0.03 |
| Interest Paid ⓘ | -1.06 | -1.29 | -1.90 | -1.84 | -1.41 | -1.20 | -0.53 | -0.55 | -0.36 | -0.06 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2.10 | 2.76 | -0.32 | 0.12 | -1.30 | -5.06 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.06 | -0.06 | 0.23 | -0.23 | 0.03 | 0.21 | 0.10 | 0.33 | -0.42 | -0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.74 | 0.49 | 0.44 | 0.3 | 0.72 | 1.12 | 0.14 | 0.83 | 0.44 | 1.31 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -3.22 | -0.03 | N/A | N/A | 0.56 | N/A | Working Capital Days |
| Receivable Days | 48 | 54 | 37 | 34 | 16 | 21 | 173 | 41 | 76 | 14 |
| Inventory Days | 317 | 468 | 546 | 866 | 375 | 205 | 1,403 | 238 | 441 | 0 |
| Payable Days | 391 | 633 | 449 | 827 | 380 | 191 | 0 | 480 | 749 | 250 |
Miven Machine Tools was earlier known as Kirloskar Warner Swasey and was incorporated in 1985 as a joint venture between The Mysore Kirloskar and Warner and Swasey Company USA. Right from its inception, the company has taken strides with amazing pace and confidence by introducing state of the art turning machines.
Looking at the rapid growth of the company, Giddings and Lewis, USA found this to be a lucrative venture and brought it under its wing. In 1998, the company joined Giddings and Lewis family. In the year 2002, NASPL acquired a major stake in Giddings and Lewis India and renamed the company as Miven Machine Tools (MMTL). MMTL is a public limited company having equity holding of 87% by NASPL and balance 13% with the public. Miven is pioneer in the areas of manufacturing of industrial equipments, chip and coolant disposable systems, investments, software and trading. MIVEN was founded by NA Sirur group of companies (NASPL) in the year 1981.
MMTL is located in Tarihal Industrial Area, Hubli. The plant is spread over 21 acres of land with 32,000 square feet of built up area.
Business area of the company
MMTL caters to a wide range of CNC Turning machines ranging from a diameter of 160 to 800 mm chuck size with 350 - 3000 mm admit between centers. Miven offers latest versions of CNC controllers and drives. Miven’s popular model WSU-12 is renowned not only in India but also in European Countries and US. Miven redesigned its universal series to Chucker series for catering to automobile industry requirements. Miven has also developed and supplied machines with live tool and ‘C’ axis (turn mill centers).
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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.
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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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