Mysore Petro Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 506734 | NSE: MYSORPETRO | Chemicals | Small Cap

Mysore Petro Chem Share Price

225 -3.95 -1.73%
as on 06-Sep'24 16:01

DeciZen - make an informed investing decision on Mysore Petro Chem

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Mysore Petro Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
9.04
Market Cap:
149.2 Cr.
52-wk low:
127.2
52-wk high:
245

Is Mysore Petro Chemicals Ltd an attractive stock to invest in?

1. Is Mysore Petro Chemicals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mysore Petro Chemicals Ltd is a below average quality company.

2. Is Mysore Petro Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Mysore Petro Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mysore Petro Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mysore Petro Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mysore Petro Chem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mysore Petro Chemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 37.1%12%10.9%113.6%5.4%5.2%0.2%11.9%5.3%11.2%-
Value Creation
Index
1.7-0.1-0.27.1-0.6-0.6-1.0-0.2-0.6-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 32.923.330.36.232.61322.820.918.425.836
Sales YoY Gr.--29.2%30.1%-79.4%423%-60.2%76%-8.5%-11.9%40.1%-
Adj EPS 10.62.93.210.75.25.9-1.611.65.510.425.1
YoY Gr.--72.3%8.8%232.8%-51.4%13.9%-126.3%NA-52.7%89.6%-
BVPS (₹) 44.546.249.2129.6133.3137.1133.5144.9148.6160.1173.8
Adj Net
Profit
71.92.173.43.9-17.63.66.916
Cash Flow from Ops. 11.45.15.3-24.5-1.6-2-5-1.7-2.9-5.7-
Debt/CF from Ops. 0.61.31.2-0000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.7%-4.6%4.2%40.1%
Adj EPS -0.2%15%NA89.6%
BVPS15.3%3.7%6.2%7.7%
Share Price 19.2% 35.1% 28.5% 35.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
23.86.56.711.93.94.4-1.28.33.76.815
Op. Profit
Mgn %
47.126.419.1-56.5-8-19.1-9.4-13.2-20.2-17.1-14.4
Net Profit
Mgn %
21.38.37112.610.529.9-4.536.619.726.645.4
Debt to
Equity
0.20.20.20000000-
Working Cap
Days
219203741,7255351,148573319115199172
Cash Conv.
Cycle
27271337-21-4620436179131

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.00%

Sales growth is good in last 4 quarters at 62.69%

Sales growth has been subdued in last 3 years 4.15%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mysore Petro Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 25.1 17.8
TTM Sales (₹ Cr.) 36.3 41.9
BVPS (₹.) 173.8 340.8
Reserves (₹ Cr.) 108 218
P/BV 1.30 0.66
PE 9.04 12.70
From the Market
52 Week Low / High (₹) 127.20 / 245.00
All Time Low / High (₹) 1.15 / 253.12
Market Cap (₹ Cr.) 149
Equity (₹ Cr.) 6.6
Face Value (₹) 10
Industry PE 59.4

Management X-Ray of Mysore Petro Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mysore Petro Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3323306331323211826
Operating Expenses 17172510361625242630
Manufacturing Costs2340000000
Material Costs1156321222201825
Employee Cost 109112222233
Other Costs 4442211153
Operating Profit 1566-4-3-3-2-3-7-4
Operating Profit Margin (%) 47.1%26.3%18.8%-57.2%-10.3%-19.6%-9.4%-13.2%-38.8%-17.3%
Other Income 111109810141316
Interest 1110000010
Depreciation 3331111100
Exceptional Items 0006500-7000
Profit Before Tax 12437155011511
Tax 52117111202
Profit After Tax 7225444-1949
PAT Margin (%) 22.0%8.3%6.8%859.5%12.1%31.3%-4.5%41.9%22.2%35.5%
Adjusted EPS (₹)11.02.93.181.36.06.2-1.613.36.213.9
Dividend Payout Ratio (%)18%34%32%2%34%32%-129%19%40%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 293032858890889598105
Share Capital 7777777777
Reserves 23242679818481899199
Minority Interest0000000000
Debt6660000000
Long Term Debt6660000000
Short Term Debt0000000000
Trade Payables2321321101
Others Liabilities 1311943446520
Total Liabilities 51504990949694102103127

Fixed Assets

Gross Block11312711625665555
Accumulated Depreciation91949720333433
Net Fixed Assets2133195322211
CWIP 0000000002
Investments 992431455244817385
Inventories2220000000
Trade Receivables4320015257
Cash Equivalents 1111422174
Others Assets153253423941171627
Total Assets 51504990949694102103127

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1155-25-2-2-5-2-3-6
PBT 12437155011511
Adjustment 434-9-6-50-11-5-13
Changes in Working Capital -1-0-0-41-1-5-1-3-3
Tax Paid -4-1-1-18-10001-1
Cash Flow From Investing Activity 0-1-3256262124
Capex -1-2-223300-1013
Net Investments 00-1-6-14-8-10-3173
Others 0118181015345-12
Cash Flow From Financing Activity -11-3-3-1-2-2-1-1-2-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -80-10000000
Interest Paid -2-2-100000-10
Dividend Paid -1-2-1-1-2-2-1-1-2-2
Others 0000000000
Net Cash Flow 01003-1-1-16-4
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)27.176.456.5790.944.544.56-1.159.554.239.02
ROCE (%)37.0512.0310.94113.615.435.230.2111.95.2811.19
Asset Turnover Ratio0.660.520.670.090.350.140.240.210.180.22
PAT to CFO Conversion(x)1.572.52.5-0.46-0.5-0.5N/A-0.22-0.75-0.67
Working Capital Days
Receivable Days504724041645576987
Inventory Days2432250000000
Payable Days60674116611325782817109

Mysore Petro Chemicals Ltd Stock News

Mysore Petro Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mysore Petro Chem on 06-Sep-2024 16:01 is ₹225.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of Mysore Petro Chem stood at ₹149.2.
The latest P/E ratio of Mysore Petro Chem as of 06-Sep-2024 16:01 is 9.04.
The latest P/B ratio of Mysore Petro Chem as of 06-Sep-2024 16:01 is 1.30.
The 52-week high of Mysore Petro Chem is ₹245.0 and the 52-week low is ₹127.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mysore Petro Chem is ₹36.29 ( Cr.) .

About Mysore Petro Chemicals Ltd

Mysore Petro Chemicals, incorporated on June 9, 1969, is engaged in the manufacturing and sale of chemicals. The company earlier known as Premier Petro Chemicals, it got its present name on September 3, 1970. The company is part of the M M Dhanuka group, which has promoted IG Petrochemicals and associate companies.

In the year 1969, the company entered into an agreement with Chemische Fabrik Von-Heyden GmbH, West Germany (Heyen) for the supply of know-how and catalyst for the manufacture of phthalic anhydride based on partial catalytic oxidation of orthoxylene. The overseas company also agreed to guarantee the performance.

The company also entered into an agreement with Lurgir Mineraloeltechnik GmbH, West Germany (Lurgi) for supply of basic engineering and special equipment for the battery limits plant from West Germany.

Mysore Petro Chemicals is located at Raichur in Karnataka and Taloja in Maharashtra. The manufacturing units have installed capacities of 12,000 MTPA phthalic anhydride and 5,400 MTPA maleic anhydride. The process know-how for the anhydride plant was supplied by Chemische Fabrik Von-Heyden GmbH, West Germany. The products find application in paints, plasticizers, polyvinyl compounds, alkyd resins, dyes and pigments and unsaturated polyester resins among other products.

The registered office of the company is at D/4, Jyothi Complex, 134/1, Infantry Road, Kumara Park, Bangalore-560001, Karnataka.

Business area of the company

The company is engaged in the manufacture and sale of chemicals. Its products include phthalicanhydride and maleicanhydride.

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