Mitshi India Ltd - Stock Valuation and Financial Performance

BSE: 523782 | NSE: | Trading | Small Cap

Mitshi India Share Price

17.42 0.10 0.58%
as on 21-Nov'24 16:59

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Mitshi India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
15.2 Cr.
52-wk low:
16.1
52-wk high:
36.9

Is Mitshi India Ltd an attractive stock to invest in?

1. Is Mitshi India Ltd a good quality company?

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

2. Is Mitshi India Ltd undervalued or overvalued?

The key valuation ratios of Mitshi India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mitshi India Ltd a good buy now?

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

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.
Mitshi India 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 % 0%0%0%393.1%81.6%36.4%10.9%0.4%23.9%5.8%-
Value Creation
Index
NANANA27.14.81.6-0.2-1.00.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.20.20.22.95.17.86.76.97.720.29
Sales YoY Gr.--16.7%60%1,120.8%74.4%53%-14.1%3%11.6%162.1%-
Adj EPS -0.4-0.2-0.40.510.70.30-0.60.1-0.9
YoY Gr.-NANANA114.9%-34.7%-60.6%-96.2%-5600%NA-
BVPS (₹) -5.8-2.1-2.50.41.42.12.32.32.93.13.1
Adj Net
Profit
-0.2-0.1-0.30.40.90.60.20-0.50.1-1
Cash Flow from Ops. -0.80.3-0.7-0.20.50.1-1.5-0.11.10.1-
Debt/CF from Ops. -31.8-1.5-3.31.17.4-0.7-12.300.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 69%31.7%44.4%162.1%
Adj EPS NA-32.7%-18.6%NA
BVPSNA16.7%9.4%4.8%
Share Price 9% -16.9% 6.9% -20.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.2515.5-55.6110.738.111.60.3-20.94.6-30.4
Op. Profit
Mgn %
-125.5-74.7-101.19.322.69.45.61.1-8.80.8-12.8
Net Profit
Mgn %
-130.8-79.3-113.414.317.37.53.40.1-6.30.6-9.5
Debt to
Equity
-0.7-0.3-0.61.90.40.40.50.5000
Working Cap
Days
1,9541,2761754977841531901394272
Cash Conv.
Cycle
25-198552753395199893765

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 44.39%

Return on Equity is Poor

Net Profit has been subdued in last 3 years -18.64%

Sales growth is not so good in last 4 quarters at -41.86%

Latest Financials - Mitshi India Ltd.

Standalone Consolidated
TTM EPS (₹) -0.9 0.6
TTM Sales (₹ Cr.) 8.6 8.2
BVPS (₹.) 3.1 0
Reserves (₹ Cr.) -6 -6
P/BV 5.66 0.00
PE 0.00 27.41
From the Market
52 Week Low / High (₹) 16.11 / 36.88
All Time Low / High (₹) 0.50 / 72.30
Market Cap (₹ Cr.) 15.2
Equity (₹ Cr.) 8.8
Face Value (₹) 10
Industry PE 69

Management X-Ray of Mitshi India:

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 Mitshi India

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
Sales0.180.150.242.935.117.826.726.927.7220.23
Operating Expenses 0.400.270.482.663.967.096.346.858.4020.08
Manufacturing Costs000.050.050.230.110.130.130.080.38
Material Costs0.160.070.162.123.366.355.706.497.9719.34
Employee Cost 0000.190.170.300.330.120.200.11
Other Costs 0.240.200.260.290.200.330.190.120.140.25
Operating Profit -0.22-0.11-0.240.271.150.730.380.07-0.680.15
Operating Profit Margin (%) -125.0%-74.7%-101.0%9.2%22.6%9.4%5.6%1.1%-8.8%0.8%
Other Income 00.0100.1800.080000
Interest 0000000000
Depreciation 0.010.010.030.030.020.020.060.060.050
Exceptional Items 000000001.410
Profit Before Tax -0.23-0.12-0.270.421.130.790.310.010.680.15
Tax 00000.250.210.0900.180.03
Profit After Tax -0.23-0.12-0.270.420.890.580.230.010.500.12
PAT Margin (%) -130.0%-79.3%-113.0%14.3%17.3%7.5%3.4%0.1%6.5%0.6%
Adjusted EPS (₹)-0.4-0.2-0.40.51.00.70.30.00.60.1
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 -3.31-1.59-1.860.361.241.832.052.062.562.69
Share Capital 5.767.607.608.808.808.808.808.808.808.80
Reserves -9.07-9.19-9.46-8.44-7.56-6.97-6.75-6.74-6.24-6.11
Minority Interest0000000000
Debt2.410.471.030.690.490.791.041.1100.03
Long Term Debt2.410.471.030.690.490.791.041.1100.03
Short Term Debt0000000000
Trade Payables0.300.110.090.070.291.350.991.010.110.19
Others Liabilities 1.711.330.970.861.080.070.100.01-0.010.04
Total Liabilities 1.110.320.231.973.104.044.184.192.672.95

Fixed Assets

Gross Block0.050.130.130.160.140.320.320.320.320.32
Accumulated Depreciation0.030.050.070.110.120.140.210.270.320.32
Net Fixed Assets0.020.080.060.050.020.180.120.050.010.01
CWIP 0000000000
Investments 00001.471.470.250.250.250.25
Inventories00000.151.32001.210
Trade Receivables0.270.060.130.491.310.503.242.540.912.31
Cash Equivalents 0.080.160.021.280.090.320.270.240.190.28
Others Assets0.730.020.020.140.060.250.311.110.100.11
Total Assets 1.110.320.231.973.104.044.184.192.672.95

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.810.26-0.70-0.210.460.11-1.52-0.091.050.06
PBT -0.23-0.12-0.270.421.130.790.31-0.040.680.15
Adjustment 0.010.010.03-0.01-0.05-0.34-0.010.060.050
Changes in Working Capital -0.590.37-0.46-0.62-0.62-0.35-1.83-0.110.52-0.1
Tax Paid 0000000000
Cash Flow From Investing Activity 0-0.0700.01-1.45-0.181.23000
Capex 0-0.070-0.030.01-0.180000
Net Investments 0000001.23000
Others 0000.04-1.4700000
Cash Flow From Financing Activity 0.88-0.100.561.46-0.190.300.250.07-1.110.03
Net Proceeds from Shares 01.8401.80000000
Net Proceeds from Borrowing 0000-0.190.300.25000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 0.88-1.940.56-0.340000.07-1.110.03
Net Cash Flow 0.070.08-0.141.26-1.190.23-0.05-0.02-0.050.09
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/A0110.6638.0611.610.3421.824.61
ROCE (%)N/AN/AN/A393.0781.6136.4310.90.3923.885.76
Asset Turnover Ratio0.170.220.862.662.022.191.641.652.257.21
PAT to CFO Conversion(x)N/AN/AN/A-0.50.520.19-6.61-92.10.5
Working Capital Days
Receivable Days4393851443964421021528129
Inventory Days00001134360290
Payable Days5451,1192251419477556263

Mitshi India Ltd Stock News

Mitshi India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mitshi India on 21-Nov-2024 16:59 is ₹17.42.
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 21-Nov-2024 16:59 the market cap of Mitshi India stood at ₹15.24.
The latest P/E ratio of Mitshi India as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Mitshi India as of 21-Nov-2024 16:59 is 5.66.
The 52-week high of Mitshi India is ₹36.88 and the 52-week low is ₹16.11.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mitshi India is ₹8.61 ( Cr.) .

About Mitshi India Ltd

Mitshi India, Formerly known as Dera Paints & Chemicals Ltd, is incorporated in 1990 and having its office at Andheri west - Mumbai, India. The Company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its Equity share are listed on The Bombay Stock Exchange in India.

Business area of the company

The Company is principally engaged in trading in segment of fruits & vegetable products.

Milestones

  • 1976: Set up a paints and hardware shop namely “Deep Jyote Paints And Chemical Corporation”.
  • 1978: Started a tiny unit for paint manufacturing at Vasai (East), Maharashtra, India; while utilizing a land of 500 sq. ft.
  • 1985: Production expanded from tiny to small scale units and manufacturing area was increased from 500 sq. ft. to 6000 sq. ft.
  • 1990: Established a closely held new limited company namely “DERA” which was merged with 'Deep Jyote' for the further expansion and backward integration in paints and to procure a plot of land sized 10 acres at Chiplun, Lote, Parshuram, Maharashtra, India.
  • 1992: The company, under the name of “DERA” successfully brought in a public issue and listed it’s equity shares on the ‘Bombay Stock Exchange’ - BSE Ltd.
  • 1993: “DERA” was manufacturing specialized automobiles paints for O.E and re-finish coatings supplying and distributing to a network of 400 dealers.
  • 1995: The company was supplying its various products to its esteemed customers like “Mahindra & Mahindra LTD”, “Gujarat Narmada LTD”, “International Tractors LTD”, “Premiere automobile Ltd”, “Castrol LTD”, and many more.
  • 1996: Commencement of commercial production at the 2nd plant in Chiplun.
  • 1998: After the successfully journey producing phenomenal growth in the past 24 years, due to a stroke of unforeseen circumstances the company took a huge hit. Being a high explosive paint plant at the mother factory Vasai, caught a fire due to an accident and gutted the entire factory. The fire also had huge impact on the working conditions of the Chiplun plant.
  • 2007: The promoter “Kumar V. Shah” with his diligent work wanted to repay all the debts in order to maintain his reputation.
  • 2012: After coming out from numerous challenges, the promoter “Kumar V. Shah” managed to repay almost all the debts of the company and had settled all major liabilities. After which, he started working on revised plans for the future of the company since times had changed and restarting a paints manufacturing factory was not feasible.
  • 2014: In the vision of reviving the company, the following success were achieved by the company: The company was relisted in ‘Bombay Stock Exchange’ - BSE Ltd., in June 2014. The company was renamed to “MITSHI INDIA LIMITED”.
  • 2015: The company successfully brought in a preferential equity of Rs 184 lacs to meet the part / balance creditor’s payments and to fund the above expenses of the initial revised plan.
  • 2016: Commence for trading: 16/12/2015. “Taaza Kitchen” DIVISION started while approved in Board meeting in 2016. Business module planned in various phase including loose sales of F&V business started.
  • 2017: Bulk B2B Vegetable Sales, and Mitshi Softwares started as a Division Ff Mitshi India Ltd (2016-17). The company successfully brought in a preferential equity of Rs.180 lacs with Rs 5 per share premium under SEBI approvals to meet the Project funding of the Taaza kitchen to go head towards the Hig Profit and valuation of the Divisons.
  • 2018: In April 2018, the company has commercially launched Taaza Kitchen Brand for Online sales of Fruits and Vegetables to supply to Super market and House Hold customers. The online solution of E-Commerce platform developed by in-house software disvision “Mitshi Softwares”.
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