Mcnally Bharat Engineering Company Ltd - Stock Valuation and Financial Performance

BSE: 532629 | NSE: MBECL | Engineering - Construction | Small Cap

Mcnally Bharat Engg Share Price

4.27 0.08 1.91%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Mcnally Bharat Engg

M-Cap below 100cr DeciZen not available

Mcnally Bharat Engineering Company stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
90.3 Cr.
52-wk low:
3.1
52-wk high:
7.2

Is Mcnally Bharat Engineering Company Ltd an attractive stock to invest in?

1. Is Mcnally Bharat Engineering Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mcnally Bharat Engineering Company Ltd is a below average quality company.

2. Is Mcnally Bharat Engineering Company Ltd undervalued or overvalued?

The key valuation ratios of Mcnally Bharat Engineering Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Mcnally Bharat Engineering Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mcnally Bharat Engineering Company 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 Mcnally Bharat Engg:

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.
Mcnally Bharat Engineering Company 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 % 8.6%0.6%-4.3%-0.7%-2%-11.4%0.4%-0.9%-54.1%0%-
Value Creation
Index
-0.4NA-1.3-1.1-1.1-1.8-1.0NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,1702,4771,9061,4331,518568333253228168133
Sales YoY Gr.-14.1%-23.1%-24.8%6%-62.6%-41.4%-24.1%-9.7%-26.6%-
Adj EPS -28.1-68.4-9.4-27-29.9-17.9-2.4-3.6-108.2-41.7-42.3
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 73.4-79.13.65.128.66.43.5-0.8-157.2-198.9-219.7
Adj Net
Profit
-114-349-50.3-427-515-379-50.3-77-2,290-883-895
Cash Flow from Ops. -366-402-425-492347-19938.5-14.2-3.1-12.7-
Debt/CF from Ops. -4.2-5.6-6.5-6.75.6-10.655.8-153.7-1009.8-244.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -24.8%-35.6%-20.4%-26.6%
Adj EPS NANANANA
BVPS-211.7%-247.4%-484.8%NA
Share Price -25.2% -2.5% -15.7% -32.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-35.5840.834-360.6-154.5-113.4-48-268.213723.520.2
Op. Profit
Mgn %
4.4-0.5-20.8-11.7-17.3-54.4-5.1-34.2-135.5-52-64.4
Net Profit
Mgn %
-5.3-14.1-2.6-29.8-33.9-66.7-15.1-30.5-1003.1-526.9-670.6
Debt to
Equity
5-5.627.224.63.715.629.1-132.9-0.9-0.7-
Working Cap
Days
5225157411,0007661,5262,1992,6572,6673,2342,015
Cash Conv.
Cycle
79681382463298031,0831,1801,0651,190-6,977

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.20%

Sales growth has been subdued in last 3 years -20.44%

Sales growth is not so good in last 4 quarters at -38.87%

Latest Financials - Mcnally Bharat Engineering Company Ltd.

Standalone Consolidated
TTM EPS (₹) -42.3 -42.3
TTM Sales (₹ Cr.) 133 133
BVPS (₹.) -219.7 -219.7
Reserves (₹ Cr.) -4,860 -4,860
P/BV -0.02 -0.02
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 3.14 / 7.23
All Time Low / High (₹) 2.10 / 385.00
Market Cap (₹ Cr.) 90.3
Equity (₹ Cr.) 211.6
Face Value (₹) 10
Industry PE 37.9

Management X-Ray of Mcnally Bharat Engg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.429.429.429.429.429.429.429.429.429.42
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Mcnally Bharat Engg

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
Sales2,170.112,477.051,905.641,432.591,518.37567.60332.78252.71228.28167.61
Operating Expenses 2,074.282,491.932,314.081,602.041,812.15879.32349.88340.05539.05254.91
Manufacturing Costs1,279.59667.84561.92514.34459.61225.30128.43124.55103.4378.70
Material Costs486.171,416.441,484.10849.491,105.61214.71136.09120.07123.2275.52
Employee Cost 136.57113.2393.4497.9796.5771.3145.6044.0737.8029.62
Other Costs 171.94294.41174.61140.25150.36367.9939.7651.36274.6171.07
Operating Profit 95.83-14.88-408.44-169.45-293.78-311.72-17.10-87.34-310.77-87.30
Operating Profit Margin (%) 4.4%-0.6%-21.4%-11.8%-19.3%-54.9%-5.1%-34.6%-136.0%-52.1%
Other Income 72.8948.15332.22160.71246.4251.5233.4774.8847.1648.45
Interest 253.83354.94447.99536.02408.05110.6359.6758.591,945.95841.21
Depreciation 29.1222.5725.3314.6210.5910.056.746.093.973.21
Exceptional Items 00000000-257.670
Profit Before Tax -114.22-344.25-549.53-559.38-466-380.88-50.04-77.14-2,471.21-883.26
Tax 00-491.26-133.93000000
Profit After Tax -114.22-344.25-58.28-425.45-466-380.88-50.04-77.14-2,471.21-883.26
PAT Margin (%) -5.3%-13.9%-3.1%-29.7%-30.7%-67.1%-15.0%-30.5%-1,082.6%-527.0%
Adjusted EPS (₹)-28.4-67.4-10.9-26.9-27.1-18.0-2.4-3.7-116.0-41.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 307.49-404.33102.37133.64531.06135.8573.81-16.39-3,325.55-4,208.04
Share Capital 50.3451.09136.88211.57211.57211.57211.57211.57211.57211.57
Reserves 257.15-455.42-34.51-77.93319.49-75.73-137.76-227.96-3,537.12-4,419.61
Minority Interest0000000000
Debt1,418.772,013.742,514.833,058.121,937.662,106.852,142.242,174.353,099.653,102.21
Long Term Debt47.85268.21105.520111.11122.22134.44147.8900
Short Term Debt1,370.921,745.532,409.313,058.121,826.551,984.632,007.792,026.473,099.653,102.21
Trade Payables1,056.771,320.431,479.27846.97467.98226.33225.83217.45228.51223.30
Others Liabilities 926.461,066.10648.86384.31-22.62-76.78-311.73-336.831,579.302,366.36
Total Liabilities 3,709.503,995.954,745.334,423.032,914.072,392.242,130.142,038.591,581.901,483.82

Fixed Assets

Gross Block197.23113.41113.90113.96113.98131.57130.29108.74108.71108.82
Accumulated Depreciation88.9922.2047.4161.8872.4179.4985.0586.6290.4693.67
Net Fixed Assets108.2491.2166.4952.0741.5752.0845.2422.1218.2515.15
CWIP 8.204.624.634.624.624.624.634.634.634.63
Investments 198.33181.17484.67485.45180.30180.27180.54180.521.251.36
Inventories127.73148.5026.1589.7473.155.272.931.660.750.37
Trade Receivables1,416.431,385.201,652.441,710.601,677.051,385.321,052.20955.50752.37742.04
Cash Equivalents 46.8961.59101.86116.2479.4817.6927.8124.1229.6020.32
Others Assets1,803.692,123.672,409.091,964.31857.90747816.79850.05775.06699.95
Total Assets 3,709.503,995.954,745.334,423.032,914.072,392.242,130.142,038.591,581.901,483.82

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -366.39-401.96-424.98-491.93347.04-199.4638.51-14.18-3.07-12.72
PBT -114.22-344.25-549.53-559.38-466-380.88-50.04-77.14-2,471.21-883.26
Adjustment 213.89441.88147.17400.71283.71359.0825.04-1.962,412.35849.23
Changes in Working Capital -442.01-481.05-4.78-338.37470.27-171.0842.9132.0249.3621.13
Tax Paid -24.05-18.55-17.845.1159.06-6.5920.6032.906.430.18
Cash Flow From Investing Activity -4.86-39.05-11.34107.08388.0349.231.4739.440.95-0.85
Capex -10.43-1.76-0.55-0.27-0.070.760.402.46-0.11-0.11
Net Investments 0-16.63-1.94-9.64361.5942.480.500.58-0.02-3.22
Others 5.57-20.66-8.85116.9826.515.990.5736.401.072.48
Cash Flow From Financing Activity 388.92474.93426.76447.66-790.69131.39-29.37-28.367.481.16
Net Proceeds from Shares 94.73103.6517.68393.83000000
Net Proceeds from Borrowing -7.98000000000
Interest Paid -187.93-324.68-388.36-512.88-368.83-20.88-51.01-46.35-1.58-0.67
Dividend Paid 0000000000
Others 490.10695.97797.44566.71-421.86152.2721.6417.999.071.83
Net Cash Flow 17.6733.92-9.5762.81-55.62-18.8410.62-3.105.36-12.41
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-37.07N/A0-857.76-163.01-121.4-47.73N/AN/AN/A
ROCE (%)8.55N/A-4.29-0.74-1.97-11.440.43N/AN/AN/A
Asset Turnover Ratio0.630.640.440.310.410.210.150.120.130.11
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days2392062904284079851,3371,4501,3651,627
Inventory Days1920171520255321
Payable Days7112482473431485066066746611,092

Mcnally Bharat Engineering Company Ltd Stock News

Mcnally Bharat Engineering Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mcnally Bharat Engg on 20-Dec-2024 16:59 is ₹4.27.
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 20-Dec-2024 16:59 the market cap of Mcnally Bharat Engg stood at ₹90.34.
The latest P/E ratio of Mcnally Bharat Engg as of 20-Dec-2024 16:59 is 0.00.
The latest P/B ratio of Mcnally Bharat Engg as of 20-Dec-2024 16:59 is -0.02.
The 52-week high of Mcnally Bharat Engg is ₹7.23 and the 52-week low is ₹3.14.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mcnally Bharat Engg is ₹133.4 ( Cr.) .

About Mcnally Bharat Engineering Company Ltd

McNally Bharat Engineering Company (MBECL) incorporated in 1961; is one of the leading engineering companies. It provides turnkey solutions in areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply etc. Till date the company has constructed 250 plants. The company is also into manufacturing of belt conveyor, shuttle conveyor, roller conveyor, idlers, pulleys, trippers, gates, technological structures, Slurry Pumps, Flotation Machines, High Rate Thickeners, Magnetic, Vibratory and Metal Detection Equipment, Hydrocyclones, Filters, Centrifugal Concentrators and Bagging Machines

The company has received ISO 9001 certification by RWTUV for quality management.

Milestones

1961- McNally Bird Engineering Co a joint venture between McNally Pittsburg, USA and Bird & Co.

1968 – The company designed and built the longest cross country conveying system in India for 800 TPH Coal Handling Plant of Thermal Power station at Talcher, Orissa.

1970 – The company designed plant in India for beneficiation of fluorspar was built for Gujarat Mineral Development Corporation at Kadipani located at Gujarat.

1970 – The company constructed its first carbon paste plant for Indian Aluminium.

1972 – The company was re-christened as McNally Bharat Engineering Company.

1979 – MBECL constructed 700 TPH Coal Washery for Bharat Coking Coal located at Jharkhand.

1980 - Williamson Magor Group took over the MBECL.

1981 – The company designed and constructed its first 5500 tph High Speed Rapid Loading System with Silo at Jayant Coal Handling Plant, U.P.

1989 – G. P. Birla Group acquires 24% stake in the Company.

1998 – The company forayed in Open cast mining sector.  Neyveli Lignite Corporation placed order for 20,000 tph shiftable conveying system, conveyors and Bucket wheel excavator, Spreader etc

1999 – The company formed a joint venture with Eriez Magnetics, USA world’s leading manufacturers of magnetic, vibratory and metal detection equipment for manufacture of their products in India.

2000 – Neyveli Lignite Corporation placed an order for first dense phase pneumatic conveying system for ash handling in India

2001 – Company received joint venture project for combined water supply to 674 habitations in Tiruchirapally District, Tamil Nadu.

2002 - It became first company in India to manufacture and commence a 700L capacity Bucket Wheel Excavator. The company designed, manufactured and commenced the world’s largest Apron Conveyors at Angul for Nalco. The company acquired 100% control over Eroterv-Waagner-Biro, Hungary, now known as EWB Kornyezetvedelmi    Kft, world leader in Pneumatic conveying Technology.

2004 – The company designed and constructed India’s largest capacity Level luffing cranes at Kandla Port.

2005 – The company built and commissioned lead-zinc beneficiation plant for Hindustan Zinc– Agucha mines; a Green Anode plant for Bharat Aluminium Company at Korba; India’s largest capacity Goliath Crane (300 MT) for Cochin Shipyard and designed, built and commissioned Container Handling Crane in India at Haldia Dock Complex.

2009 - MBE acquired the coal and mineral technology division of KHD Humboldt Wedag, Germany.

2011 - The R&D activities of MBE & MSEL obtained recognition by DSIR, GOI
          -MSEL Launched Mobile crushing & screening plants

2012 -Acquired through its subsidiary, MBE Mineral Technologies Pte Ltd, a 42 % stake in Specialist Energy Group (SEG) which owns Hayward Tyler Ltd, UK & Hayward Tyler Inc., USA
- MSEL launched skid mounted Coal Crushing plant

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.