Past 10 year's financial track record analysis by Moneyworks4me indicates that Macfos Ltd is a average quality company.
The key valuation ratios of Macfos 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 Macfos 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.9% | 46.6% | 80.8% | 58.1% | 55.3% | - |
| Value Creation Index ⓘ | 0.4 | 2.3 | 4.8 | 3.2 | 3.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 16.2 | 27.1 | 55.5 | 80.2 | 125 | 219 |
| Sales YoY Gr. | - | 67.2% | 104.7% | 44.4% | 56.1% | - |
| Adj EPS ⓘ | 0.4 | 1.6 | 6.4 | 8 | 11.5 | 18.4 |
| YoY Gr. | - | 329% | 294.5% | 24.6% | 43.8% | - |
| BVPS (₹) ⓘ | 0.6 | 3.5 | 10.3 | 18.7 | 31 | 66.6 |
| Adj Net Profit ⓘ | 0.3 | 1.4 | 5.7 | 7.1 | 10.2 | 17 |
| Cash Flow from Ops. ⓘ | 0.5 | 0.3 | -0.6 | 6 | 5 | - |
| Debt/CF from Ops. ⓘ | 9.1 | 11.6 | -9.8 | 1.1 | 1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 66.5% | 56.1% | ||||
| Adj EPS ⓘ | NA | NA | 91.9% | 43.8% | ||||
| BVPSⓘ | NA | NA | 106.3% | 65.9% | ||||
| Share Price | - | - | - | 234.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 63.7 | 79.3 | 93.3 | 55.3 | 46.4 | 37.7 |
| Op. Profit Mgn % ⓘ | 8.3 | 10.7 | 15.9 | 13.6 | 12.5 | 11.1 |
| Net Profit Mgn % ⓘ | 2.1 | 5.3 | 10.2 | 8.8 | 8.1 | 7.9 |
| Debt to Equity ⓘ | 8.2 | 1.1 | 0.7 | 0.4 | 0.3 | 0 |
| Working Cap Days ⓘ | 0 | 82 | 87 | 102 | 101 | 50 |
| Cash Conv. Cycle ⓘ | 0 | 43 | 50 | 53 | 47 | 21 |
Sales growth is growing at healthy rate in last 3 years 66.48%
Net Profit is growing at healthy rate in last 3 years 91.91%
Sales growth is good in last 4 quarters at 87.85%
Return on Equity has declined versus last 3 years average to 37.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 18.4 | 18.4 |
| TTM Sales (₹ Cr.) | 219 | 219 |
| BVPS (₹.) ⓘ | 66.6 | 66.5 |
| Reserves (₹ Cr.) ⓘ | 53 | 53 |
| P/BV ⓘ | 22.03 | 22.06 |
| PE ⓘ | 79.79 | 79.85 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 385.00 / 1528.20 |
| All Time Low / High (₹) | 126.00 / 1528.20 |
| Market Cap (₹ Cr.) | 1,381 |
| Equity (₹ Cr.) | 9.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 16 | 27 | 56 | 80 | 125 |
| Operating Expenses ⓘ | 15 | 24 | 47 | 69 | 110 |
| Manufacturing Costs | 1 | 1 | 0 | 2 | 4 |
| Material Costs | 10 | 18 | 39 | 58 | 94 |
| Employee Cost | 1 | 1 | 2 | 5 | 6 |
| Other Costs ⓘ | 3 | 3 | 5 | 4 | 6 |
| Operating Profit ⓘ | 1 | 3 | 9 | 11 | 16 |
| Operating Profit Margin (%) | 8.3% | 10.7% | 15.9% | 13.6% | 12.5% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 2 | 8 | 10 | 15 |
| Tax ⓘ | 0 | 1 | 2 | 3 | 4 |
| Profit After Tax | 0 | 2 | 6 | 7 | 11 |
| PAT Margin (%) | 2.0% | 5.8% | 10.6% | 9.2% | 8.7% |
| Adjusted EPS (₹) | 0.4 | 1.8 | 6.7 | 8.4 | 12.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 3 | 9 | 16 | 27 | |||||
| Share Capital ⓘ | 0 | 0 | 0 | 9 | 9 | |||||
| Reserves ⓘ | 1 | 3 | 9 | 8 | 19 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 3 | 3 | 4 | 4 | 7 | |||||
| Long Term Debt | 1 | 0 | 3 | 4 | 2 | |||||
| Short Term Debt | 3 | 2 | 1 | 0 | 4 | |||||
| Trade Payables | 1 | 2 | 2 | 6 | 8 | |||||
| Others Liabilities ⓘ | 1 | 2 | 4 | 6 | 8 | |||||
| Total Liabilities ⓘ | 6 | 9 | 20 | 33 | 50 | |||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 2 | 2 | 7 | 8 | |||||
| Accumulated Depreciation | 1 | 1 | 1 | 2 | 2 | |||||
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 6 | 6 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 3 | 5 | 12 | 17 | 24 | |||||
| Trade Receivables | 0 | 1 | 2 | 2 | 3 | |||||
| Cash Equivalents | 1 | 1 | 1 | 1 | 1 | |||||
| Others Assetsⓘ | 1 | 2 | 5 | 7 | 15 | |||||
| Total Assets ⓘ | 6 | 9 | 20 | 33 | 50 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | -1 | 6 | 5 |
| PBT ⓘ | 0 | 2 | 8 | 10 | 15 |
| Adjustment ⓘ | 1 | 1 | 1 | 2 | 2 |
| Changes in Working Capital ⓘ | -1 | -2 | -8 | -2 | -8 |
| Tax Paid ⓘ | 0 | -1 | -1 | -3 | -4 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | -1 | -5 | -6 |
| Capex | -1 | 0 | 0 | -5 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | -5 |
| Cash Flow From Financing Activityⓘ | 1 | 0 | 2 | -1 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | -1 | 3 | 1 | -2 |
| Interest Paid ⓘ | 0 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 0 | 0 | 0 | 4 |
| Net Cash Flow ⓘ | 1 | 0 | 1 | 0 | 0 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 62.74 | 87.18 | 96.86 | 57.95 | 49.6 | |||||
| ROCE (%) | 18.92 | 46.59 | 80.77 | 58.08 | 55.27 | |||||
| Asset Turnover Ratio | 2.62 | 3.51 | 3.76 | 3.03 | 3.03 | |||||
| PAT to CFO Conversion(x) | N/A | 0 | -0.17 | 0.86 | 0.45 | Working Capital Days | ||||
| Receivable Days | 2 | 6 | 9 | 9 | 9 | |||||
| Inventory Days | 70 | 57 | 56 | 65 | 60 | |||||
| Payable Days | 35 | 27 | 20 | 26 | 27 | |||||
The company was incorporated as ‘Macfos Private Limited’ on September 26, 2017 vide certificate of incorporation under the provisions of the Companies Act, 2013 issue by Central Registration Centre, Registrar of Companies. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 28, 2022, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘Macfos Private Limited’ to ‘Macfos Limited’ vide a fresh certificate of incorporation dated January 06, 2023 issued by the Registrar of Companies, Pune.
Macfos is primarily an e-commerce based company focused on the marketing of a broad range of electronic components which finds application in basic and advanced engineering products & projects, including emerging technologies such as IoT, Robotics, Automations, Drone, Electric Vehicles, 3D Printing and Auto Guided Vehicles. The company’s broad portfolio consists of electronics components and parts that facilitate consumers such as manufacturers, electrical & mechanical engineering students, educational institutions, researchers and developers, to turn their ideas into reality as well as to speed up their product R&D and prototyping cycle.
Through its e-commerce website and mobile application, Robu.in, the company sells a broad range of electronic items, including: robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components. As on September 30, 2022, the company was connected with over 140 overseas and domestic vendors for sourcing the electronic items and parts. It also has a portfolio of 3 owned brands, which are manufactured/procured from third parties based on the specifications built by the company through its R&D efforts. With the dedicated fulfillment Centre in Pune, Maharashtra, the company is capable to deliver the products across India as well as overseas.
Business area of the company
Macfos is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sells a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
Major events and milestones
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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