BSE: 501477 | NSE: | Household & Personal Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Muller & Phipps (India) Ltd is a average quality company.
The key valuation ratios of Muller & Phipps (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Muller & Phipps (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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | 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 ⓘ | 4.5 | 3.5 | 3.4 | 3.1 | 3.7 | 3.6 | 4 | 3.7 | 3.9 | 4.1 | 4 |
| Sales YoY Gr. | - | -22.7% | -2% | -8.5% | 19.1% | -3.2% | 9.7% | -7.6% | 6.5% | 5.9% | - |
| Adj EPS ⓘ | -1.4 | -1 | 0.7 | -0.6 | 3.1 | 5.4 | 12.7 | 7 | 3.4 | 7.2 | 1.6 |
| YoY Gr. | - | NA | NA | -192.4% | NA | 78% | 133.2% | -44.9% | -50.9% | 109.9% | - |
| BVPS (₹) ⓘ | -78.3 | -79.3 | -78.4 | -78.8 | -75.6 | -70 | -42.8 | -35.9 | -32.5 | -20.9 | -23.5 |
| Adj Net Profit ⓘ | -0.1 | -0.1 | 0 | 0 | 0.2 | 0.3 | 0.8 | 0.4 | 0.2 | 0.5 | 0 |
| Cash Flow from Ops. ⓘ | 0.5 | 0 | 0.1 | 0.2 | 0 | 0.2 | 2.2 | 0.1 | 0.2 | 0.7 | - |
| Debt/CF from Ops. ⓘ | 3.8 | 54.4 | 27.6 | 11.7 | -229.9 | 12.3 | 0.8 | 12 | 5.1 | 1.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -1% | 2.1% | 1.4% | 5.9% | ||||
| Adj EPS ⓘ | NA | 18.7% | -17.2% | 109.9% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 11.6% | 67.5% | 25% | 62.3% | ||||
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 % ⓘ | 1.7 | 1.3 | -0.8 | 0.8 | -4 | -7.5 | -22.4 | -17.8 | -10 | -26.9 | -7 |
| Op. Profit Mgn % ⓘ | -8.2 | -3.4 | 0 | 1 | 10.1 | 3 | 6.4 | 4.9 | 1.2 | -0.7 | -15.7 |
| Net Profit Mgn % ⓘ | -1.9 | -1.8 | 1.2 | -1.2 | 5.1 | 9.4 | 19.9 | 11.9 | 5.5 | 10.9 | 2.3 |
| Debt to Equity ⓘ | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.6 | -0.6 | -0.5 | -0.6 | - |
| Working Cap Days ⓘ | 353 | 461 | 467 | 505 | 426 | 464 | 403 | 429 | 436 | 419 | 79 |
| Cash Conv. Cycle ⓘ | -250 | -292 | -278 | -307 | -276 | -253 | -221 | -184 | -160 | -149 | -55 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 1.41%
Net Profit has been subdued in last 3 years -17.15%
Sales growth is not so good in last 4 quarters at -6.08%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.6 | 1.3 |
| TTM Sales (₹ Cr.) | 4.3 | 4.3 |
| BVPS (₹.) ⓘ | -23.5 | -23.5 |
| Reserves (₹ Cr.) ⓘ | -2 | -2 |
| P/BV ⓘ | -13.30 | -13.29 |
| PE ⓘ | 201.45 | 247.35 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 172.60 / 726.20 |
| All Time Low / High (₹) | 21.60 / 726.20 |
| Market Cap (₹ Cr.) | 19.5 |
| Equity (₹ Cr.) | 0.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 60.1 |
| 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 | 4.53 | 3.50 | 3.43 | 3.14 | 3.74 | 3.62 | 3.97 | 3.67 | 3.91 | 4.14 |
| Operating Expenses ⓘ | 4.91 | 3.62 | 3.44 | 3.11 | 3.36 | 3.51 | 3.72 | 3.49 | 3.87 | 4.17 |
| Manufacturing Costs | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Material Costs | 2.32 | 1.78 | 1.72 | 1.36 | 1.58 | 1.49 | 1.65 | 1.54 | 1.72 | 1.82 |
| Employee Cost | 0.91 | 0.78 | 0.74 | 0.86 | 0.87 | 1.01 | 1.08 | 1 | 1.01 | 1.12 |
| Other Costs ⓘ | 1.65 | 1.03 | 0.96 | 0.87 | 0.90 | 0.98 | 0.98 | 0.94 | 1.12 | 1.21 |
| Operating Profit ⓘ | -0.38 | -0.12 | -0.01 | 0.03 | 0.38 | 0.11 | 0.25 | 0.18 | 0.05 | -0.03 |
| Operating Profit Margin (%) | -8.3% | -3.4% | -0.3% | 1.0% | 10.0% | 3.0% | 6.4% | 4.9% | 1.2% | -0.7% |
| Other Income ⓘ | 0.41 | 0.38 | 0.31 | 0.18 | 0.08 | 0.38 | 0.27 | 0.38 | 0.26 | 0.43 |
| Interest ⓘ | 0.31 | 0.31 | 0.24 | 0.24 | 0.21 | 0.14 | 0.12 | 0.10 | 0.09 | 0.07 |
| Depreciation ⓘ | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Exceptional Items ⓘ | 0.73 | 0 | 0 | 0 | 0 | 0 | 1.34 | 0 | 0 | 0.40 |
| Profit Before Tax ⓘ | 0.44 | -0.06 | 0.05 | -0.04 | 0.24 | 0.34 | 1.73 | 0.44 | 0.21 | 0.73 |
| Tax ⓘ | 0 | 0 | 0.01 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0.44 | -0.06 | 0.03 | -0.04 | 0.19 | 0.34 | 1.73 | 0.44 | 0.21 | 0.73 |
| PAT Margin (%) | 9.8% | -1.8% | 1.0% | -1.2% | 5.1% | 9.4% | 43.5% | 11.9% | 5.5% | 17.6% |
| Adjusted EPS (₹) | 7.1 | -1.0 | 0.6 | -0.6 | 3.1 | 5.4 | 27.7 | 7.0 | 3.4 | 11.7 |
| 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 | -4.89 | -4.96 | -4.90 | -4.92 | -4.72 | -4.38 | -2.68 | -2.24 | -2.03 | -1.31 |
| Share Capital ⓘ | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| Reserves ⓘ | -5.52 | -5.58 | -5.52 | -5.55 | -5.35 | -5 | -3.30 | -2.87 | -2.66 | -1.93 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1.89 | 1.89 | 1.89 | 1.89 | 2.04 | 1.90 | 1.62 | 1.34 | 1.06 | 0.79 |
| Long Term Debt | 0 | 0 | 1.89 | 1.89 | 2.04 | 1.90 | 1.62 | 1.34 | 1.06 | 0.79 |
| Short Term Debt | 1.89 | 1.89 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 2.93 | 2.55 | 2.49 | 2.39 | 2.35 | 2.35 | 2.06 | 2.12 | 2.27 | 2.14 |
| Others Liabilities ⓘ | 4.74 | 5 | 5.11 | 5.12 | 5.15 | 5.01 | 3.68 | 3.62 | 3.68 | 3.65 |
| Total Liabilities ⓘ | 4.67 | 4.49 | 4.60 | 4.48 | 4.81 | 4.89 | 4.68 | 4.84 | 4.98 | 5.26 |
Fixed Assets | ||||||||||
| Gross Block | 0.97 | 4.85 | 4.77 | 4.79 | 4.79 | 4.82 | 0.95 | 0.95 | 0.95 | 0.97 |
| Accumulated Depreciation | 0.88 | 1.90 | 1.85 | 1.86 | 1.87 | 1.88 | 0.88 | 0.89 | 0.90 | 0.91 |
| Net Fixed Assetsⓘ | 0.08 | 2.95 | 2.92 | 2.93 | 2.92 | 2.94 | 0.07 | 0.06 | 0.05 | 0.06 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 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 | 0.02 | 0.01 | 0.04 | 0.05 | 0.07 | 0.14 | 0.12 | 0.19 | 0.17 | 0.16 |
| Trade Receivables | 0.63 | 0.48 | 0.55 | 0.35 | 0.41 | 0.30 | 0.49 | 0.72 | 0.95 | 0.83 |
| Cash Equivalents | 0.07 | 0.06 | 0.10 | 0.17 | 0.26 | 0.12 | 0.51 | 0.24 | 0.11 | 0.50 |
| Others Assetsⓘ | 3.85 | 0.97 | 0.97 | 0.96 | 1.14 | 1.36 | 3.48 | 3.62 | 3.69 | 3.71 |
| Total Assets ⓘ | 4.67 | 4.49 | 4.60 | 4.48 | 4.81 | 4.89 | 4.68 | 4.84 | 4.98 | 5.26 |
| 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 ⓘ | 0.50 | 0.03 | 0.07 | 0.16 | -0.01 | 0.15 | 2.16 | 0.11 | 0.21 | 0.73 |
| PBT ⓘ | -0.29 | -0.06 | 0.05 | -0.04 | 0.24 | 0.34 | 1.73 | 0.44 | 0.21 | 0.73 |
| Adjustment ⓘ | 0.32 | 0.32 | 0.27 | 0.25 | 0.22 | 0.15 | 0.13 | 0.12 | 0.09 | 0.07 |
| Changes in Working Capital ⓘ | -0.25 | -0.22 | -0.23 | -0.03 | -0.43 | -0.06 | -0.36 | -0.31 | -0.07 | -0.04 |
| Tax Paid ⓘ | -0.01 | 0 | -0.01 | -0.01 | -0.04 | -0.27 | 0.66 | -0.13 | -0.03 | -0.03 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0.01 | -0.02 | 0 | -0.03 | -0.01 | 0 | 0 | -0.02 |
| Capex | 0 | 0 | 0.01 | -0.02 | 0 | -0.03 | -0.01 | 0 | 0 | -0.02 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -0.50 | -0.05 | -0.04 | -0.07 | 0.10 | -0.26 | -1.76 | -0.38 | -0.34 | -0.32 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -0.28 | -0.28 | -0.28 | -0.28 |
| Interest Paid ⓘ | -0.50 | -0.05 | -0.04 | -0.07 | -0.05 | -0.12 | -1.48 | -0.10 | -0.07 | -0.05 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.01 | 0 | 0 | 0 | 0.15 | -0.14 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -0.01 | 0.04 | 0.07 | 0.09 | -0.14 | 0.39 | -0.27 | -0.13 | 0.39 |
| 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 | 1 | 0.76 | 0.76 | 0.69 | 0.81 | 0.75 | 0.83 | 0.77 | 0.8 | 0.81 |
| PAT to CFO Conversion(x) | 1.14 | N/A | 2.33 | N/A | -0.05 | 0.44 | 1.25 | 0.25 | 1 | 1 | Working Capital Days |
| Receivable Days | 39 | 58 | 55 | 52 | 37 | 36 | 36 | 60 | 78 | 79 |
| Inventory Days | 1 | 1 | 3 | 6 | 6 | 11 | 12 | 16 | 17 | 14 |
| Payable Days | 453 | 561 | 534 | 657 | 546 | 576 | 489 | 496 | 466 | 442 |
Muller & Phipps India was incorporated in Kolkotta(Calcutta) on October 12, 1917 as a fully owned subsidiary of Muller & Phipps International, New York, USA. Muller & Phipps (I) acted as indenting agents for many well-known American and continental manufactures of consumer and industrial products. Some of the brands that were brought to Indian subcontinent by Muller & Phipps include Gillette Blades and shaving accessories, Quaker Oats, etc.
Muller & Phipps India is one of the largest company with highly efficient distribution network & quality marketing services in India from past 90 years.Company came into existence in 1917 as a fully owned subsidairy of Muller & Phipps International New York, USA, operating through its diverse portfolio of consumer/pharmacy products.
The Industrial products handled by Muller & Phipps include bearings, Automobile parts, crank shafts, power engines, tools and accesseries. M&P operated through its two division (Merchandising and Industrial) and with branches and warehouses at all major cities of India.
The post independence era of 1950's outlined India's policy of self-reliance & consequently, restrictions were imposed on import of consumer products. Moving with times and consistent with the company's philosophy of being of service to Indian consumers, Muller & Phipps march towards becoming a marketing organisation with strong foundation for efficient and extensive distribution of a wide range of products.
With the sucess of these products, Muller & Phipps grew steadily to be regarded as the leading and most progressive distribution company in the country. The fall in line with the Governement's policy on dilution of foreign equity holdings, Muller & Phipps Internatonal maintained their equity participation at 24%.
When the restrictions on foreign holding were removed, Getz Corporation acquired majority of holdings in Muller & Phipps (I) Ltd. They cover around 40,100 chemists,C 65700 General Stores, 82450 Provisional/Kirana stores and around 2345 Super Markets. This huge amount of points across the network, they use sofisticated and highly effective tools to manage these distribution network.
From Consumer Products to Health Products, M&P caters all the different types of products.
Product range of the company includes:
The company has a history of pioneering large number of consumer products in the country. Some of the brands promoted includes Vicks, Helene Curtis, Chandrika, Ujala etc. Currently the company deals with Color Mate and other products.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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