Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mysore Paints & Varnish Ltd is a below average quality company.
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Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 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 ⓘ | 42.7 | 23 | 34.1 | 25.4 | 23.3 | 61.2 | 21.5 | 39.8 | 31.8 | 29 | 61 |
| Sales YoY Gr. | - | -46.2% | 48.2% | -25.5% | -8.3% | 162.9% | -64.9% | 84.7% | -20% | -8.9% | - |
| Adj EPS ⓘ | 85.9 | 42.9 | 78.5 | 38.9 | 38.3 | 122.3 | 32.5 | 46.4 | 45.7 | 38.8 | 129.1 |
| YoY Gr. | - | -50% | 82.8% | -50.4% | -1.6% | 219.1% | -73.4% | 42.7% | -1.4% | -15.2% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 572.2 |
| Adj Net Profit ⓘ | 8.9 | 4.5 | 8.1 | 4 | 4 | 12.7 | 3.4 | 4.8 | 4.7 | 4 | 13 |
| Cash Flow from Ops. ⓘ | 6.1 | 4.5 | 6.2 | 0.1 | 1 | 3.3 | 4.5 | -4.4 | 7.8 | -4.6 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 0.1 | 0.2 | 48.3 | 4.5 | 2.3 | 0.2 | -1.7 | 0 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.2% | 4.5% | 10.4% | -8.9% | ||||
| Adj EPS ⓘ | -8.5% | 0.2% | 6.1% | -15.2% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 39.6 | 15.5 | 23.4 | 9.9 | 8.5 | 22.9 | 5.5 | 7.4 | 6.9 | 5.5 | 45.1 |
| Op. Profit Mgn % ⓘ | 28.3 | 19.9 | 29.8 | 15.2 | 12 | 25.6 | 6.1 | 8.9 | 14 | 8.8 | NAN |
| Net Profit Mgn % ⓘ | 20.9 | 19.4 | 23.9 | 15.9 | 17.1 | 20.7 | 15.7 | 12.1 | 14.9 | 13.9 | 21.9 |
| Debt to Equity ⓘ | 0.2 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 123 | 273 | 194 | 316 | 340 | 144 | 364 | 182 | 279 | 266 | 0 |
| Cash Conv. Cycle ⓘ | 81 | 140 | 52 | 88 | 101 | 74 | 217 | 103 | 171 | 161 | 0 |
Return on Equity has increased versus last 3 years average to 45.10%
Sales growth is growing at healthy rate in last 3 years 10.40%
Net Profit has been subdued in last 3 years 6.07%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 129.1 | - |
| TTM Sales (₹ Cr.) | 61.2 | - |
| BVPS (₹.) ⓘ | 572.2 | - |
| Reserves (₹ Cr.) ⓘ | 58 | - |
| P/BV ⓘ | 0.00 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 0 |
| Equity (₹ Cr.) | 1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 73.2 |
Mysore Paints and Varnish (MPVL) was established during 1937. It was converted into public sector undertaking during 1947. MPVL is the manufacturer and supplier of decorative paints,industrial paints, thinners, polishes, primers, sealing wax. MPVL is Specialists in manufacturing and supply of indelible ink (voter's ink) for all the parliamentary, assembly and local bodies elections in India since 1962. MPVL has been supplying this indelible ink to various countries like Turkey, Nepal, Papua-new-guinea, Nigeria, South Africa, Ghana, Singapore etc. MPVL is one of the profit making and dividend declared company in Karnataka among public sector units.The big customers of the company are M/s KAVIKA, KSRTC, MEI, BEML, Madras Port Trust, other government departments, public sector undertakings as well as some of the private sector companies like M/s Automotive Axels, RPG Telecom, and sugar factories in Karnataka.
Indelible Ink: MPVL is the only paint manufacturing unit in public sector having exclusive license to manufacture and supply `Voters Ink' called `Indelible Ink ' ever since 1962. Thus it has a large market available in the government establishments,nearly 13 General Elections held in India which is largest democratic country in the world. MPVL Ink has tested nearly 6000 million voters over the six decades.
The production is carried on in varnish unit, paint unit, powder distemper unit,oil bound distemper unit, sealing wax unit and ink unit. The production of the products depends on the demand from the buyers. Basically the demand is from the industrial side. In 1971, the company extended a joint venture agreement with AIK, as vast German company. This German company provided technical assistance in manufacturing of sophisticated insulating varnishes which are used in the manufacturing of electronic equipment and machinery sales as generation transformer etc.
At present, the company is manufacturing all kinds of decorative paints, Industrial paints, polish and varnish, such as:
Achievements:
The company has obtained ISO-9001/2000 Certification in the month of July 2002.
From the past four decades, MPVL is supplying indelible ink to all over India. Supply of paints to KSRTC from the past three decadesFrom the past nine years, MPVL is showing continuous profit. MPVL has supplied road marking paints to most of the cities in Karnataka. MPVL is one of the continuously Dividend paying company in PSUs of Karnataka dividend paid company in Public Sector.
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