Mercator Ltd - Stock Valuation and Financial Performance

BSE: 526235 | NSE: MERCATOR | Shipping | Small Cap

Mercator Share Price

0.84 0.00 0.00%
as on 10-Mar'23 18:02

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Mercator stock performance -

mw4me loader
P/E Ratio (SA):
62.27
Market Cap:
25.4 Cr.
52-wk low:
0.8
52-wk high:
0.9

Is an attractive stock to invest in?

1. Is a good quality company?

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

2. Is undervalued or overvalued?

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

3. Is a good buy now?

No data found

10 Year X-Ray of Mercator:

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.
Mercator 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%7.7%7%3.8%-2.2%-24.2%-98.2%8.5%0%0%-
Value Creation
Index
-0.6-0.5-0.5-0.7-1.2-2.7NANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4976595895384063121326.9000
Sales YoY Gr.-32.7%-10.7%-8.6%-24.6%-23.1%-57.6%-94.8%-100%NA-
Adj EPS 0.32.11.2-0.8-5.4-11.1-17.2-7.30.200
YoY Gr.-548.5%-44.4%-169.8%NANANANANA-88.2%-
BVPS (₹) 27.128.630.730.425.58.4-25.5-32.6-32.4-32.4-32.4
Adj Net
Profit
8.152.529-22.4-162-336-519-2215.30.50
Cash Flow from Ops. 132155292188132-24.48.27.9-4.1-2.2-
Debt/CF from Ops. 6.763.45.47.2-49116.9120-232-426.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS -26.8%NANA-88.2%
BVPS-202%-204.9%NANA
Share Price -28.4% 0.2% -25.6% -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.27.74-2.8-20.4-65.6200.125.2-0.5-0.1-0
Op. Profit
Mgn %
25.1303936.423.3-26-44.3-390.500NAN
Net Profit
Mgn %
1.684.9-4.2-40-107.6-392.4-3226.200INF
Debt to
Equity
1.31.31.31.21.24.7-1.3-1-1-1-
Working Cap
Days
5094064465328359391,36017,967000
Cash Conv.
Cycle
724041204353141,536000

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

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

Latest Financials - Mercator Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -0.1
TTM Sales (₹ Cr.) 0 0
BVPS (₹.) -32.4 -46.6
Reserves (₹ Cr.) -1,009 -1,441
P/BV -0.03 -0.02
PE 62.27 0.00
From the Market
52 Week Low / High (₹) 0.83 / 0.88
All Time Low / High (₹) 0.22 / 184.95
Market Cap (₹ Cr.) 25.4
Equity (₹ Cr.) 30.3
Face Value (₹) 1
Industry PE 8.4

Management X-Ray of Mercator:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *55.1357.3157.3157.3188.0988.0988.0988.0998.8898.88
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mercator

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales497.04659.42588.64538.33405.67311.96132.166.8600
Operating Expenses 372.94466.13365.42345.05348.91466.67429.8435.8813.1811.76
Manufacturing Costs320.21385.28301.89287.38232.54204.4088.2714.4000
Material Costs0000000000
Employee Cost 13.2521.6820.7015.2617.6917.419.232.880.340.17
Other Costs 39.4859.1742.8342.4198.68244.86332.3418.6112.8511.59
Operating Profit 124.10193.29223.23193.2856.76-154.71-297.68-29.03-13.18-11.76
Operating Profit Margin (%) 25.0%29.3%37.9%35.9%14.0%-49.6%-225.0%-423.0%--
Other Income 27.2121.5222.6330.5042.4176.6119.0135.5117.5212.38
Interest 73.0870.8992.8396.90104.23116.92220.13210.120.150.13
Depreciation 67.5292.38127.24147.27137.76123.7241.050.130.100.08
Exceptional Items 000-9.160-181.38-485.47000
Profit Before Tax 10.7151.5525.78-29.55-142.82-500.12-1,025.32-203.764.090.41
Tax 1.5021142.1711.330.459.35-1.130
Profit After Tax 9.2149.5524.78-30.55-184.99-511.45-1,025.77-213.115.210.41
PAT Margin (%) 1.9%7.5%4.2%-5.7%-45.6%-163.0%-776.0%-3,108.9%--
Adjusted EPS (₹)0.42.01.0-1.1-6.1-16.9-33.9-7.10.20.0
Dividend Payout Ratio (%)27%10%10%-4%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 664.08700.99751.96821.61771.41252.90-771.26-984.37-979.16-978.75
Share Capital 24.4924.4924.4926.9930.2530.2530.2530.2530.2530.25
Reserves 639.59676.50727.47794.62741.16222.65-801.51-1,014.62-1,009.41-1,009
Minority Interest0000000000
Debt615.26747.55751.14842762.39855.22219.57225.37225.37225.37
Long Term Debt569.45709.31701.06758.54637.13473.730000
Short Term Debt45.8138.2350.0883.46125.26381.49219.57225.37225.37225.37
Trade Payables106.04127.98101.37184.74135.3285.2748.0543.4743.2843.77
Others Liabilities 307.02226.54281.27206.59272.91395.01937.841,115.941,093.531,091.81
Total Liabilities 1,692.391,803.061,885.742,054.941,942.031,588.40434.20400.41383.02382.20

Fixed Assets

Gross Block1,376.821,518.181,279.181,327.791,217.56913.41129.0356.4347.2547.25
Accumulated Depreciation453.39546.08126.91274.01371.49311.09112.1848.5346.4846.56
Net Fixed Assets923.43972.111,152.271,053.78846.07602.3216.857.900.770.69
CWIP 00006.4200000
Investments 3.1416.5635.8847.7176.07475.4463.6563.6563.6563.65
Inventories14.226.918.7710.1510.013.740000
Trade Receivables186.39239.78167.54171.21162.3267.7145.9541.7841.7841.78
Cash Equivalents 50.2461.6313.3168.6741.1528.731.026.664.360.72
Others Assets514.97506.07507.98703.42799.99410.46306.73280.42272.46275.37
Total Assets 1,692.391,803.061,885.742,054.941,942.031,588.40434.20400.41383.02382.20

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 131.91155.44292.35187.72132.33-24.448.237.86-4.06-2.21
PBT 10.7151.5525.78-20.39-142.82-500.12-1,025.32-203.764.090.41
Adjustment 118.24161.14204.69239.98289.47585.241,054.08194.03-7.76-2.83
Changes in Working Capital 11.14-42.5877.56-9.24-2.27-104.03-33.377.3-0.380.22
Tax Paid -8.19-14.66-15.67-13.47-12.05-5.5312.8410.29-0.020
Cash Flow From Investing Activity -271.09-71.32-299.71-174.65-91.5356.96103.63-5.8426.541.57
Capex 44.40101.02-295.67-48.964.3581.7781.52623.420
Net Investments 1.06-12.81-3.98-12.5813.63-9.3813.31-53.051.55
Others -316.55-159.53-0.06-113.11-109.51-15.438.80-6.850.070.02
Cash Flow From Financing Activity 7.96-49.26-42.4317.91-58.81-43.55-118.42-1.37-21.69-1.45
Net Proceeds from Shares 00099.58126.9900000
Net Proceeds from Borrowing 66.1043.3444.050000000
Interest Paid -75.21-80.25-92.46-94.49-110.78-77.44-57.900-23.140
Dividend Paid 0-2.84-5.88-2.95-1.62-0.010000
Others 17.07-9.5111.8515.77-73.4033.90-60.52-1.371.45-1.45
Net Cash Flow -131.2234.86-49.7930.98-18.01-11.03-6.560.640.78-2.09
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.387.263.41-3.89-23.24-99.86N/AN/AN/AN/A
ROCE (%)5.597.77.023.76-2.17-24.15N/AN/AN/AN/A
Asset Turnover Ratio0.260.380.320.270.20.180.130.0200
PAT to CFO Conversion(x)14.323.1411.8N/AN/AN/AN/AN/A-0.78-5.39
Working Capital Days
Receivable Days1451181261151501351572,33600
Inventory Days9656980000
Payable Days0000000000

Mercator Ltd Stock News

Mercator Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mercator on 10-Mar-2023 18:02 is ₹0.84.
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 10-Mar-2023 18:02 the market cap of Mercator stood at ₹25.41.
The latest P/E ratio of Mercator as of 10-Mar-2023 18:02 is 62.27.
The latest P/B ratio of Mercator as of 10-Mar-2023 18:02 is -0.03.
The 52-week high of Mercator is ₹0.88 and the 52-week low is ₹0.83.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mercator is ₹0.00 ( Cr.) .

About Mercator Ltd

Mercator Lines (MLL), incorporated in 1983, is a second largest private sector shipping company in India. The company is provider of sea borne transportation services.

The company owns and operates combination of vessels ranging from bulk carriers, medium range vessels and Aframax’s to VLCC’s. The company’s VLCC is the largest Indian flagship vessel.

The tonnage capacity has risen from 4000 DWT in 1994 to about 2561476 DWT in 2009.

Besides shipping, the company also has business interests in offshoring activities such as constructing jack-up rigs, oil and gas exploration; providing logistics solutions in coal handling and coal mining.

The Mercator Group has acquired economic interest in coal mines in Mozambique and Indonesia with substantial coal resources; as a measure of backward integration to strengthen its shipping activities and to meet the huge energy demand in India. Commercial operations in Indonesia have already commenced.

Mercator Lines has clients like Manglore Refinery & Petrochemicals, Reliance Industries, M Pallonji & Co, Indian Oil Corporation, Global Chartering, CPC Corporation Taiwan, Refined Success, North China Shipping Co, British Marine PLC and S T Shipping & Transportation Inc, among others.

The company owns subsidiaries viz. Mercator International Pte, Mercator Offshore, Mercator Oil and Gas, Varsha Marine Pte and Mercator Lines (Singapore).

Awards

Mercator Lines received Star Company of the Year Award in Small and Medium Sector (SME) given by Business Standard- 2005.

The company was rated as Fastest Growing Small Company of India across all the sectors by Business Today-2005.

2010 Singapore Corporate Awards 2010
Emerging India Awards 2010

2011 - Mercator Limited Annual Report 2011 wins the ‘Platinum Award’ at LACP vision Awards 2011.

2012 - Mercator receives new CARE ratings.

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