Mahalaxmi Seamless Ltd - Stock Valuation and Financial Performance

BSE: 513460 | NSE: | Steel & Iron Products | Small Cap

Mahalaxmi Seamless Share Price

11.05 0.52 4.94%
as on 22-Nov'24 12:59

DeciZen - make an informed investing decision on Mahalaxmi Seamless

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Mahalaxmi Seamless stock performance -

mw4me loader
P/E Ratio (SA):
14.47
Market Cap:
5.5 Cr.
52-wk low:
8.3
52-wk high:
14.8

Is Mahalaxmi Seamless Ltd an attractive stock to invest in?

1. Is Mahalaxmi Seamless Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mahalaxmi Seamless Ltd is a average quality company.

2. Is Mahalaxmi Seamless Ltd undervalued or overvalued?

The key valuation ratios of Mahalaxmi Seamless Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mahalaxmi Seamless Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahalaxmi Seamless 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 Mahalaxmi Seamless:

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.
Mahalaxmi Seamless Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.6%-5%-18.1%-8%3.1%6.3%15.7%19.8%21.8%-82.3%-
Value Creation
Index
-0.4-1.4-2.3NANANA0.10.40.6NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.61110.73.91.91.91.921.81.81
Sales YoY Gr.--40.7%-2.9%-63.6%-52.1%0%2.1%5.8%-9.4%0.6%-
Adj EPS -0.3-2.7-4.6-1.5-0.2-0.20.810.7-0.30.7
YoY Gr.-NANANANANANA34.2%-28.4%-137%-
BVPS (₹) 7.850.7-1.2-1.4-1.5-0.80.31-1.4-1.1
Adj Net
Profit
-0.1-1.4-2.4-0.8-0.1-0.10.40.50.4-0.10
Cash Flow from Ops. 1.7-2.71.11.30.60.50.7-50.8-0.6-
Debt/CF from Ops. 2.8-35.94.611117.1-0.42-2.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -22.7%-0.3%-1.2%0.6%
Adj EPS NANA-170.8%-137%
BVPS-182.5%NANA-239.8%
Share Price 2.1% 8.9% 21.5% 28.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-3.4-42.8-161.9625.813.511.9-66-392.9118.7140.7-58.2
Op. Profit
Mgn %
3.4-0.3-15.1835.133.249.350.645.540.437.5
Net Profit
Mgn %
-0.8-13.1-22.8-20.9-4.9-4.92126.721.2-7.827
Debt to
Equity
1.2317.7-9.5-8.8-6.8-1213.93.2-2.1-
Working Cap
Days
1652772102345116886363951607855
Cash Conv.
Cycle
247290-82-138-97-82-63-46-60-127

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -1.24%

Net Profit has been subdued in last 3 years -170.82%

Sales growth is not so good in last 4 quarters at 2.17%

Latest Financials - Mahalaxmi Seamless Ltd.

Standalone Consolidated
TTM EPS (₹) 0.7 -
TTM Sales (₹ Cr.) 1.4 -
BVPS (₹.) -1.1 -
Reserves (₹ Cr.) -6 -
P/BV -9.23 -
PE 14.47 -
From the Market
52 Week Low / High (₹) 8.31 / 14.75
All Time Low / High (₹) 0.85 / 71.35
Market Cap (₹ Cr.) 5.5
Equity (₹ Cr.) 5.3
Face Value (₹) 10
Industry PE 21.7

Management X-Ray of Mahalaxmi Seamless:

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 Mahalaxmi Seamless

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
Sales18.6311.0410.723.901.871.871.912.021.831.84
Operating Expenses 17.9911.1112.333.611.221.250.97111.10
Manufacturing Costs4.273.704.320.200.020.070.020.020.040.02
Material Costs10.784.744.952.01000.050.0700
Employee Cost 2.181.981.740.850.790.780.730.650.700.75
Other Costs 0.770.691.320.550.410.400.170.250.260.33
Operating Profit 0.64-0.07-1.620.290.660.620.941.020.830.75
Operating Profit Margin (%) 3.4%-0.6%-15.1%7.5%35.1%33.2%49.3%50.6%45.5%40.4%
Other Income 0.840.170.630.060.110.280.330.130.090.04
Interest 0.900.930.620.510.300.430.460.190.110.10
Depreciation 0.650.590.600.600.600.580.550.520.470.44
Exceptional Items 000-0.2400000-1.57
Profit Before Tax -0.08-1.41-2.21-1-0.13-0.100.260.450.34-1.32
Tax 0.060.050.060-0.04-0.01-0.14-0.09-0.05-0.08
Profit After Tax -0.13-1.46-2.28-1-0.09-0.090.400.540.39-1.24
PAT Margin (%) -0.7%-13.2%-21.2%-25.5%-4.8%-4.8%21.0%26.7%21.2%-67.4%
Adjusted EPS (₹)-0.3-2.8-4.3-1.9-0.2-0.20.81.00.7-2.4
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 4.112.640.37-0.63-0.72-0.81-0.410.130.52-0.72
Share Capital 5.295.295.295.295.295.285.285.285.285.28
Reserves -1.18-2.65-4.92-5.92-6.01-6.09-5.69-5.15-4.76-6.01
Minority Interest0000000000
Debt4.617.986.485.515.754.904.421.721.361.54
Long Term Debt2.102.182.165.105.334.864.311.631.281.01
Short Term Debt2.525.804.330.410.420.040.110.080.080.53
Trade Payables5.982.961.810.810.580.460.440.270.210.24
Others Liabilities 22.171.131.213.023.012.762.2122.10
Total Liabilities 16.7015.769.796.908.637.567.214.334.103.15

Fixed Assets

Gross Block6.8222.0621.290.680.680.690.700.710.750.76
Accumulated Depreciation015.7215.410.400.460.510.540.570.510.57
Net Fixed Assets6.826.355.880.280.220.180.160.140.240.19
CWIP 0000000000
Investments 0005.124.584.050000
Inventories4.516.182.100.07000000
Trade Receivables2.950.940.300.180.160.170.220.190.050.04
Cash Equivalents 0.770.340.330.080.010.090.090.190.600.59
Others Assets1.651.951.191.183.663.066.743.803.212.33
Total Assets 16.7015.769.796.908.637.567.214.334.103.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1.69-2.721.111.300.580.500.69-50.82-0.61
PBT -0.08-1.41-2.21-0.76-0.13-0.100.260.450.340.25
Adjustment 1.341.320.961.120.890.780.690.690.540.53
Changes in Working Capital 0.42-2.562.471.23-0.06-0.13-0.17-0.54-0.050.18
Tax Paid 0-0.07-0.11-0.05-0.12-0.04-0.09-5.6000
Cash Flow From Investing Activity 0.59-0.320.93-0.07-2.360.850.258.070.060.53
Capex 0-0.110.05-0.140-0.01-0.01-0.01-0.14-0.01
Net Investments 0000000000
Others 0.59-0.210.880.07-2.350.870.268.080.200.54
Cash Flow From Financing Activity -2.012.60-2.05-1.481.71-1.27-0.93-2.98-0.470.07
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.100.08-0.022.940-0.47-0.48-2.81-0.35-0.27
Interest Paid -0.73-0.76-0.56-0.50-0.30-0.42-0.45-0.17-0.11-0.10
Dividend Paid 0000000000
Others -1.183.28-1.47-3.922.01-0.3800-0.010.44
Net Cash Flow 0.27-0.43-0.01-0.25-0.070.080.010.100.40-0.01
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-3.16-43.45-152.03N/AN/AN/AN/A0118.68N/A
ROCE (%)8.58-4.99-18.14N/AN/AN/AN/A19.7621.78N/A
Asset Turnover Ratio1.20.740.860.470.240.230.260.350.430.51
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A1.73-9.262.1N/A
Working Capital Days
Receivable Days3559212233323737249
Inventory Days95163138101000000
Payable Days170344176238003,3441,83500

Mahalaxmi Seamless Ltd Stock News

Mahalaxmi Seamless Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mahalaxmi Seamless on 22-Nov-2024 12:59 is ₹11.05.
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 22-Nov-2024 12:59 the market cap of Mahalaxmi Seamless stood at ₹5.54.
The latest P/E ratio of Mahalaxmi Seamless as of 22-Nov-2024 12:59 is 14.47.
The latest P/B ratio of Mahalaxmi Seamless as of 22-Nov-2024 12:59 is -9.23.
The 52-week high of Mahalaxmi Seamless is ₹14.75 and the 52-week low is ₹8.31.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahalaxmi Seamless is ₹1.42 ( Cr.) .

About Mahalaxmi Seamless Ltd

Mahalaxmi Seamless Limited is India's number one heat exchanger seamless tubes manufacturers of Carbon and Alloy Steel, Cold Drawn Seamless Tubes / Pipes. Mahalaxmi represents a reputed brand for highest quality cold drawn seamless tubes.

The company has a cold drawing facility for carbon and alloy steel seamless tubes / pipes in India. It offers high quality tubes and pipes in a wide range of sizes. The tubes of the company are patronized by Heat Exchanger manufacturers and users. We represent a reputed brand for highest quality cold drawn seamless tubes.

The raw material billets or mother tubes are sourced from reputed Indian or global manufacturers after due diligence and quality checks. Their sourcing strives to procure only the best material in order to produce the best tubes.

The manufacturing process begins with a piercing mill followed by a comprehensive 9-tank surface treatment plant. At the heart of its manufacturing genius are two bright annealing furnaces capable of fashioning a wide range of surface finishes. These are controlled atmosphere furnaces with inert gases that leave the surface bright and shining. Built around these are their variegated pointing, swaging, drawing, straightening and cutting machines that helps to serve any and all customer's requirements.

Quality at Mahalaxmi is such an obsession that, like breathing, it is just a way of life. All products manufactured by them are subjected to most stringent quality control procedures. They have a fully equipped mechanical lab containing metal spectra scope, 100 M.T. capacity tensile tester, Hardness tester, Microscope, Dead weight pressure gauge calibrator etc. They boast both encircling coil and roto-probe types of Eddy Current Testing facilities for all kind of internal and external flaw detection. And they have hydro-testing installations for straight as well as U-Tubes that can test up to pressures of 800 bars.

Mahalaxmi works very hard to meet all its commitments and promises to keep our customer's lives stress-free. It likes to deliver on time every time.

Product range of the company includes:

  • Heat Exchanger Tubes / Boiler Tubes  Mahalaxmi Seamless Ltd is India's Number one Heat Exchanger Seamless Tubes Manufacturer in Carbon and Alloy Steel
  • Hydraulic / Fuel Injection Tubes Hydraulic Tubes can be supplied under conditions according to DIN 2391 Part 2 in various grades mentioned overleaf. Fuel Injection Tubes can be supplied in lower tolerance than mentioned above. It can be supplied according to conditions mentioned in ISO-8535.
  • Precision Automotive / Mechanical Tubes   Mahalaxmi brings superior quality hollow section profiles (square, rectangle, hexagonal etc) made of the best raw materials. This hollow section profiles are available in different lengths, thickness and weights. The product can also be manufactured as per the specifications of the customers.

Awards/ Achievements

  • A proud awardee of the prestigious ‘Well Known Tube Maker’ title from the Indian Boiler Regulation Board allowing Mahalaxmi self-certification authority, a rare honour indeed. They are on way to becoming TS 16949 compliant soon
  • Mahalaxmi Seamless Limited is an ISO 9001: 2000 certified company and is en-route to being a TS16949 certified company by September 2006.
  • The company is certified by TUV in India to supply to European Union (EU) under Pressure Equipment Directive (PED) and AD 2000 WO certification.
  • It has been selected by CBI (a Dutch government organization chartered to promote import from developing countries into EU) after a comprehensive audit of their systems and processes.
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